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Analyze the positive versus normative arguments in the following case. What statements of positive economics are used to support requiring air bags? What normative reasoning is used?
Create a set of variables that interact these marital status indicators with earnings.
you observe an olympic athlete in the long-jump. suppose the distance of each jump is a random variable that follows a
Suppose a wage tax that reduces the wage to W = $12 is imposed. By how much is the supplier's surplus reduced at the new equilibrium?
For the duopoly model (1)-(2): Find all critical points, find the type of these critical points. Problem- The duopoly model describes a market with two firms only. They produce the same product and the supply is Q = q1 + q2
Would consumers be better off in terms of welfare, when you compare a firm in monopolistic competition, oligopoly, and monopoly to one in perfect competition? Two sources in addition to your textbook are required for this paper. However, you didn'..
Assume that product A requireds .5 hour per unit and B requires .25 hour per unit. If both products must go through the same manufacturing machine and there are only 30000 machine hours available per period, which product should be pushed
Using your favorite spreadsheet software, compute the debt-to-GDP ratio in 10 years, assuming that the primary deficit stays at 4% of GDP each year; the economy grows at the normal growth rate in each year; and the real interest rate is constant, ..
Illustrate with example of demand for households refrigerator or television set.
How might a nation's endowment of natural resources, labor, and climate shape the nature of its comparative advantage?
compute the opportunity cost in forgone tanks for each additional truck producedtruck output 0 1
the basic purpose of this course is to prepare students to carry out their own econometric study. students will be
Beerco manufactures ale and beer from corn, hops, and malt. Currently, 40 lb of corn, 30 lb of hops, and 40 lb of malt are available. A barrel of ale sells for $40 and requires 1 lb of corn, 1 lb of hops, and 2 lb of malt. A barrel of beer sells f..
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