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Suppose that to overthrow the status quo, an alternative requires 70 percent or more of the vote. Which property of voting is violated? In many committees the chairman has the casting vote. Which property of voting is violated?
part B says "producing Zlurp creates pollution. Each bottle has an external cost of $1. Taking this additional cost into account, what is the total surplus per person in the allocation described in part A"
Over a period of years, a toothpaste has received a mean rating of 5.9, on a 7-point scale, for overall customer satisfaction with the product. Because of a minor unadvertised change in the product
a. Raw sugar prices rose by 3% and raw sugar consumption declined by 2%. b. A 10% increase in the price of cigarettes reduce smoking among 8th to 10th graders by 10%. c. The price of luxury cars increases by 4% while the quantity demanded decreases b..
How is full-employment output, Y, determined in the Keynesian model with efficiency wages? In this model, how is full-employment output affected by changes in productivity (supply shocks)? How is it affected by changes in labor supply?
Each additional music store will decrease the price of books by $2 per book and increase the average cost of selling books by $1 per book. Predict the equilibrium number of book stores.
It is more useful to express the OPE as a function of [NOx] rather than as a function of [NO2] because of the rapid cycling between NO and NO2. Explain qualitatively your result. Does this dependence hinder or enhance the effectiveness of NOx emissi..
Now assume that after the increase in the money stock, the domestic interest rate decreases between time t and time t + n. Again assume that the foreign interest rate is unchanged. As compared to your answer to part (d), what happens to the exchan..
How many workers of each type will employers hire? If workers' abilities are not observed by employers, what is the equilibrium wage? How many workers of each type will employers hire? What is the deadweight loss due to asymmetric information?
Determine when a competitively produced product generates negative externalities in production, the industry will,
Tools of Monetary Policy - Explain why the number of tools (instuments) has to be less than or equal to the number of economic objectives (goals).Think about the demand and supply of money diagram and what determines the price of money or the rate of..
The manager receives utility from her wages, and her utility function is w^1/2 , but incurs a cost depending on how hard she works (in other words, the manger's utility is w^1/2-cost). Write the manager's expected utility if she shirks.
What is the size of the sampling error in this case b. What is the probability that the average wait time would be less than 80 seconds c. What is the probability that the average wait time would be more than 109 seconds d. What is the probability..
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