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Suppose that an injurer escapes liability in three out of four accidents that he causes. Let the average damages per accident be $100,000 and assume the liability rule is strict liability. In order for the injurer to face the proper incentives to take care, what is the correct magnitude of compensatory damages? (Please enter a whole number.) what is the correct magnitude of punitive damages? (Enter a whole number.)
What is the relationship between bowed out shape of production possibilities frontier and increasing opportunity cost of the good as more of it is produced?
As in part A there is a 50% chance the share market crashes. If John maximises expected utility, what value of ß should he choose?
It is shown that the population of New York City, NY is much greater than that of Irvington, NJ. Employment opportunities, malls, social activities and tourist sites in New York City are therefore more than that in Irvington. If attractiveness for Ne..
The discussion between the effect and price of advertising goes back to many years in the starting of twentieth century. There has been constant debate since than that whether advertising decreases or increases the market price.
Explain with the use of demand and supply diagrams, the effect of the following events on the market for solar panels
Compute the probability of failing to stop at an intersection, given the driver was on the cell phone.
Alchem (L) is the price leader in the polyglue All 10 other manufacturers (follower [F] firms) sell polyglue at the same price as Alchem. Alchem allows the other firms to sell as much as they wish at the established price and supplies the remaind..
Explain what to do with each of the four tools of Monetary Policy to accomplish this policy. Please give data to back up your position.
Explain why the Kondratiev cycle may no longer apply to the study of the US economy and its business cycles?
1. List and briefly discuss three different measures of market power for a firm or industry. Explain why the United States Justice Department is concerned about issues of market power and why managers must be aware of those issues.
Illustrate graphically and numerically why moving from the equilibrium quantity of 2 fireworks to the efficient quantity of 3 fireworks produces a potential.
Use the clues we have given about the British economy to explain the rise and fall of the pound's real effective exchange rate between 1978 and 1984. Pay particular attention to the role of nontradables.
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