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Problem: In the event of a change in income, who do I need to compensate more? It was said that the answer is he who has fewer substitution possibilities. Can you give an example problem with the answer in math format?
new cars are a normal good. suppose that the economy enters a period of strong economic expansion so that peoples
proposal aproposal a envisages generation of electricity from water - a hydro-electric project. the useful economic
Why do some economists claim that we should not worry too much about inflation at this level?
The demand function for product sold by an oligopolist operating in the short run is given below: Compute the profit-maximizing price and quantity, if the firm operates in short run.
Using concepts we have discussed in class, discuss the effect of having a minimum wage. The minimum wage raises workers’ wage above the equilibrium wage.
What is the change (in percentage) in the real minute price of international calls.
Banca Hakala purchases two front row concert tickets over the Internet for $90 per seat. One month later, the rock group announces that it is dissolving due to personality conflicts and the concert that Hakala has tickets for will be the “farewellâ..
Suppose the market for car batteries is a perfectly competitive market, but that the production of car batteries creates external costs from water pollution.
1. suppose a monopolist has the demand schedules. marginal costs are constant at 13 per unit and mc atc at all output
Are small banks (those with less than 10 locations) at a major cost disadvantage relative to large Texas banks (those with 300 locations)
For each of the following draw a separate demand or supply graph that illustrates the likely effect on the market for air-travel for United Airlines: After September 11, people have become more scared of flying
Now suppose the two doctors play this game twice. Also, suppose each doctor can play one of two strategies: it can play either "always charge the low price" or "tit for tat"- that is, it starts off charging the high price in the first period
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