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Suppose that Lady Gaga goes to Las Vegas to play poker and at the last minute her record company says it will reimburse her for 35 percent of any gambling losses that she incurs.
Will Lady Gaga wager more or less as a result of the reimbursement offer? LESS OR MORE?
ADVERSE SELECTION OR MORAL HAZARD OR IRRATIONAL BEHAVIOR?
Assume that the initially equilibrium was 200 units and that this was also full employment level of income. Suppose that the consumption is C = 25 + 0.8YD,
An open economy has the following pattern of income and domestic expenditure: For each of the three years, evaluate the balance of trade facing the economy.
Suppose instead that the government wishes to impose a value tax of $0.25 on each dollar of the consumer's expenditure on good 1.Show the effect of imposing this tax in a graph containing before and after budget lines.
discuss its price elasticity and income elasticity. Explain how much control might an organization have over pricing based on a product's elasticity.
Raymond producing is a privately held corporation; all long-term finances are from the Raymond brothers in the form of equity interests.
Illustrtae what should the arbitrageur do. Suppose that the cost of storing gold is zero and that gold provides no income.
In each of the cases listed below determine what this consumer needs to do (in terms of purchasing X and Y) to maximizes their utility.
Describe the relative impact that every variable has on the demand. What implications do these results have for the firm's marketing and pricing policies.
Illustrate what are the benefits and drawbacks of dynamic pricing for that particular company.
Elucidate entity establishes a price ceiling also does it require government sanction for violators
Using the historical tables from the Budget of the US government, utilize the website to determine where the US government allocates its expenditures.
Assume that you are the chief economic advisor to the president of the U.S..
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