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By the numbers. Suppose that the voting population consists of 5,000 people. The median voter would like to have a police budget of $650,000. The standard deviation is $50,000. You support a policy budget of $600,000. What percentage of voters are with you on that decision? How would your answer be different if the standard deviation was only $15,000?
Then compute the average utility associated with each game, given the utility values that are associated with each dollar outcome.
Nearby College has done a study of college enrollments and has concluded that the number of students in the fall term is give by Q = 5000 - .5T + .1Y + .2Tc Where Q = number of students enrolled full-time, T = tuition charged by Nearby, Y = national..
Costs associated with the manufacture of "blah" are $73,000 per year. They found that by spending $16,000 now, the cost will go down to $58,000 next year and $52,000 in years 2 through 5.
illustrate the U.S. wholesale market for roses. Show on the graph the equilibrium in that market with no international trade and the equilibrium with free trade. Mark on the graph the quantity of roses produced in the United States
Suppose that the residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2008, they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $100, and 500 carrots for $50. In 2009, they buy 75 heads of cau..
Summarize those conditions and relate them to the current FOMC policy
Solve Tracy's problem of how often to go to the ATM when the norminal interest rate on her bank account is 10%, she spends $30 each day, it costs her $0.50 each time she uses the ATM, and she thinks that there is a 15% chance that she will lose he..
a. What is Quick's taxable gains b. What is Quick's taxable income c. What is Quick's marginal and effective (average) tax rate d. What is Quick's net cash flow after tax
Is this new demand curve more or less elastic than the original at the equilibrium?
Explain why a monopolist, such as Media Cable, faces a downward-sloping demand curve Explain why the marginal revenue from an additional sale is less than the price of the service Suppose Media Cable currently charges $70 for its service. If it lo..
Peter Minuit bought an island from the Manhattoes Indians in 1626 for $24 worth of beads and trinkets. The 1991 estimate of the value of the land on this island was $12 billion (1 billion = 109). What rate of return would the Indians have received
ross and jennifer are the only ones who eat donuts every morning at second cup. so they constitute entire market for
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