+61-413 786 465
info@mywordsolution.com
Home >> Microeconomics
Consider the salaries of professional athletes or famous actors. Is it possible that such workers may be underpaid? Analyze how the marginal revenue product of such workers might be estimated.
Microeconomics, Economics
Question: Consider two goods, widgets and gzots, which can be taxed to generate government revenue. The demand elasticity of widgets is 0.5 and of gzots is 1.2. For each good the supply elasticity is infinite (horizontal ...
Question: Assume that the demand for diamond rings is Q = 24 - P, and each ring contains one diamond. The marginal cost for DeBeers of mining a diamond is $2, and an independent retailer's marginal cost of retailing is $ ...
Question - You just found out that you have $838.86 in a savings account. Your uncle opened the account in your name exactly 6 years ago, and deposited $X in the account. Then he put in another $85 three years after open ...
Question: In the grim trigger example of the text, show that if the discount rate is low enough it pays the potential cheater to adhere to the agreement for two (or more) periods rather than break it in the first period. ...
Question: If workers contribute to their group's investments and decide on these investments, workers at different stages of their careers may want different types of capital, for example a durable building versus a temp ...
Question: Country N, a relatively small, impoverished country, discovers a huge reservoir of crude oil, for which the costs of lifting are less than 10% of the market price. Explain what happens to (a) the growth rate, ( ...
Question: Write a paper describing the benefits of setting up a pricing structure which includes price discrimination. Then select one product line and describes the benefits and costs of setting up a pricing structure w ...
Question: Phillips Curve: a) If the equation for a country's Phillips curve is p = 0.03 - 0.25(u - 0.05), where p is the rate of inflation and u is the unemployment rate, what is the short-run inflation rate when unemplo ...
Question: Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermin ...
Question: Perhaps surprisingly, field experiments have shown that strangers who encounter one another on the street (e.g., to ask directions) are friendlier around 4 a.m. than in similar encounters that take place during ...
Start excelling in your Courses, Get help with Assignment Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.
Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As