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A lone shepherd can graze 10 sheep per year in a meadow. Each additional shepherd who uses the meadow reduces the number of sheep that can be maintained by one per shepherd. If a person would rather stay home than graze fewer than four sheep (i. e., the opportunity cost of going to the meadow is four sheep), how many shepherds will lead their flocks to the meadow every year? What are the net benefits to society of this outcome? What is the efficient number of shepherds at the meadow? Is the meadow a public good?
Find out the aggregate economic effects of the combination of the shock to the economy and the government's response to it.
q.suppose that in free zone the cycle presented in the problem 6 the aggregate supply curve is short plasterboard cafos
In the Austrian theory of the "pure" rate of interest in a free market, interest rates are a function of
Illustrate what cost should each industry charge if it wants to maximize its profit. Why are costs and output of industries 1 and 2 same however different for industry 3.
Idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
Analyze the effect of both a bad weather and the rumors od a deadly disease in the consumption of rice?
An irrigation return flow drain has sampling equipment that can be powered by solar cells or by running an electric line to the site and using conventional power. Solar cells will cost $14,000 to install and will have a useful life of 10 years.
I have recently been involved in a debate stemming from figures mentioned in this blog post (the blogger was advocated by Occupy London's facebook page and verifying the level of "over-sensationalism" portrayed in the post would make or break my rela..
What is being held constant when the supply curve is constructed for a specific good like pizza or automobiles? Explain why the supply curve for a good slopes upward to the right
The CEO of AT&T is tired of competing with Verizon and Sprint in the wireless service industry, so he is thinking of doing these two things: (1) Having AT&T buy Sprint; (2) Calling the Verizon CEO and forging an agreement with him to increase consume..
I know that the answer will be somehow related to the amount of marginal sales per day, but dont know how exactly to determine the allocation.
A proposal has been made to increase the price paid by the consumers to the suppliers to $40. What will the resulting quantities demanded and supplied and the resulting utilization be?
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