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a) Explain the perverse incentive.
b) What makes the incentive perverse?
c) How could the incentive makers better the incentive?
average-marginal relationship
"Cross-Correlations of output(t) with" "x(t-1)" [3,] "output" "0.3" [4,] "consumption" "0.1
the existance of a labor marketcharacterised by perfect competition is a fallacy.discuss
Problem: i) What might be the possible causes of inflation according to economic theory? ii) Taking stable prices and full employment as two macroeconomic objectives of gov
User Cost of Capital = Economic Depreciation + (Interest Rate)(Value of Capital) - Example An Airline buys Boeing 737 for $150 million with the expected life of 30
b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
meaning of opportunity cost
what is the type of the firms
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
explain how microeconomic and macroeconomic issues may be represented using the production possibility curve
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