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It is clear that productive inefficiency is a waste since resources are being used in a way that produces less goods and services than a nation is capable of. Why is allocative efficiency also wasteful?
Transparency International, an antibribery advocacy group, issues an annual ranking of countries based on how widespread corruption is around the world. Fast growing countries such as China and India rank highly in terms of being corrupt. Using the v..
What are the some of the shortcomings of real GDP from a welfare perspective? do you have any practical suggestions for revising the computation of GDP to achieve a better measure of welfare?
collect information on the supply chain design adopted by Nike for the chosen product. Analyze the information and write a 2- to 3-page report in a Microsoft Word document, addressing the following: What are the salient characteristics of the design?..
Write down an expression describing total income from tickets plus popcorn plus other concessions. Forecast total incomes for regular also special Tuesday-night pricing.
The welfare system provides income for people who are very poor, with low incomes and few assets. If a recipient of welfare payments decides to work and earn some money, the amount he or she receives in welfare payments is reduced. a. How does the ex..
Should we conclude that future students would show higher scores after instruction? .05 significance level. Hypothesis testing
Suppose the price of a firm's fixed input rises. If it decides to maintain its production level, its average costs are lower in the long-run
Explain this function. Identify two rationing tools other than market forces.
Assume that you borrow $15,000 for five years (annual payments) at a market rate of 5%. Assuming that inflation is 3.5%, what would the equivalent equal annual payment be in constant dollars?
In a short paper, first explain the theory of 3 rd degree price discrimination as it applies to the airline industry including a graphical model. Explain how and why airlines would choose to practice price discrimination.
A sum of $25,000 is deposited into a savings account, which pays a yearly nominal 8% interest compounded semiannually. Equal annual withdrawals are to be made from the account, beginning 1 year from now and continuing forever. The maximum amount that..
A monopolist faces a price function given by P = z(36 - 2Q), where P is price, Q is total output and z is the quality of product sold, which can take on only two values. The monopolist can choose between a low quality product z = 1 or a high-quality ..
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