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Suppose after submitting your sealed bid in a Vickery austion you find out that they have lost the auction(you were not the highest bidder); However, you have the opportunity to revise your bid. Would you go ahead and change your bid? Why or why not?
Advanced analysis) Answer the next question(s) on the basis of the following consumption schedule: C = 20 + .9Y, where C is consumption and Y is disposable income. REfer to this data. At an $800 level of disposable income, the level of savings is:
Describe return to an investment in a college education. How would you go about measuring it. How would you decide it is good enough to warrant investment.
If deposit insurance were abolished, elucidate how would these change incentive structure facing deposit theory institutions.
If you have been offered $137,000 for a job in Los Angeles and $117,000 for a similar job in Dallas, which job affords you the highest purchasing power of the bundle of goods in the price index.
Elucidate what trends in the environmental forces (social, economic, technological, competitive, and regulatory) identified.
Elucidate why relatively flat as opposite relatively steep worker demand curves are more consistent with the empirical observation.
If consumption and government purchases go up, what happens to GDP in the long run. Show this graphically.
Explain why the operations of Copper Kettle Catering conducive to the application of lean concepts and practices.
Explain how Democratic is it to support an unelected judiciary. Defend your argument for or against the election of federal judges and Supreme Court justices.
change if buyers pay $8 every unit to the intermediary but sellers offer to rebate part of that expense to buyers.
Show that if the food stamps could be legally re-sold, the welfare of the household would be increased. Give one reason why food stamps should not be re-sold.
How many units of good X will be purchased when Px=4910, determine the inverse demand function for good x.
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