Game Theory, Three People choose whether to contribute a fixed amount towar...

Three People choose whether to contribute a fixed amount toward the provision of a public good. This good is provided if and only if at least two of them contribute. If it is not p

The demand for big macs, illustrate and explain the changing demand gor big...

illustrate and explain the changing demand gor big Mac using the indifference curves and budget line

Describe the lucas supply function, Problem 1 : (a) What are the main a...

Problem 1 : (a) What are the main assumptions behind the macroeconomic theory of New Classical Economists? (b) Describe the Lucas Supply function and explain its policy imp

Pareto efficiency, #question.explain three neccessary condition to achieve ...

#question.explain three neccessary condition to achieve pareto efficiency.

Principle of economic, You have decided to sell some goods at a local music...

You have decided to sell some goods at a local music festival. You have hired a sales stand for $500. Your cost per item is $3 and you will sell each item for $5. When you did your

Market equilibrium, Assume that milk operates in a perfectly competitive ma...

Assume that milk operates in a perfectly competitive market, use a well labeled demand and supply model to explain how market equilibrium price of milk is being determined.

Change in consumer and producer surplus from price controls, Change in con...

Change in consumer and  producer surplus from price controls * Observations: - The loss is equal to area B + C. - The change in surplus = (A - B) + (-A - C) = -B - C -

Market supply of labour, use a graphical illustration to describe briefly w...

use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labour on an increase in immigration..

Interest rate dertemination, to what extent are interest rates determined b...

to what extent are interest rates determined by the economic theory

The lower the value MR of monopolist ,