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Carrboro has three equal-sized groups of people: (1) type A people consistently prefer more police protection to less; (2) type B people prefer high levels of police protection to low levels and they prefer low levels to medium levels; (3) type C people prefer medium levels to low levels, which they in turn prefer by a modest amount to high levels.
(a) Which types of people have single-peaked preferences? Which have multi-peaked preferences?
(b) Will majority voting generate consistent outcomes in this case? Why or why not?
One tractor to be considered is an International Harvestor. It has an initial cost of $38,000 and an annual maintenance of 100 with a salvage value of $17,000. It's useful life in years is 25. What is the value/cost closest to the annual worth of the..
Calculate the consumer surplus, producer surplus, government revenue and deadweight loss for taxes of $4, $8, $12 and $16 per unit sold. What tax maximizes government revenue?
With the rise of the Video on Demand market, which threat is likely to have the least impact on Netflix’s streaming service business?
The long-term trend of a time series in the decomposition model is estimated using
What are potential reasons for income inequality across the economy. In some of our efforts to improve income inequality can we negatively impact productivity?
q.assume that over the short run say the next five years demand for opec oil is given by q 57.5 -.5p or equivalently p
You manage a company that competes in an industry that is compromised of five equal-sized firms.A recent industry report indicates that a tariff on foreign imports would boost industry profits by $ 30 million
Suppose the nation of Sugarland consists of 50,000 households, 10 of whom are sugar producers. Arguing that the sugar industry is vital to the national economy, sugar producers propose an import tariff. The loss in consumer surplus due to the tariff ..
Illustrate what is consumption also saving in each period, assuming no borrowing constraints
the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500. What is the average total cost.
Explain how many fish should a commercial fisherman try to catch a day. Should he catch as many as possible or return to dock before filling the boat with fish.
What is the probability of attendance between 39,000 and 45,000? e) What must the attendance be at a game, for that game's attendance to be in the top 1% of all games?
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