5. Economic growth and PPCs PPC₁ shows the current production possibilities curve (PPC) for the economy of Wilshire, and PPC₂ shows the PPC for Wilshire next year if the economy were to operate at point A today. That is, investment choices today impact the growth of the economy in the future, and thus the PPC for next year. CAPITAL GOODS I A PPC₂ PPC₁ CONSUMER GOODS (?) Suppose that this year, the economy is operating at point A, but then a tornado destroys more capital than is being produced during the year. On the following graph, the PPC that best describes the Wilshire economy next year is . (Note: PPC₁ and PPC are the same as on

Can i get help with this one?

Let Q be the number of public toilets (measured in thousands). The value of toilets is given by V = 2 va, while the cost of the toilets is given by C = 0.2Q. A bureaucrat in the health ministry wishes to maximise the size of their agency. (a) What would be the number of public toilets which would accomplish this (to the nearest thousand)? (b) What would be the efficient number of toilets (to the nearest thousand)? (c) What measures could parliament, which oversees the size of ministries, do to prevent them growing ever bigger?

Eddie Confess Sharon OD) Keep quiet 25 years in jail 40 years in jail Confess 25 years in jail Goes free Goes free 2 years in jail Keep quiet 40 years in jail 2 years in jail he spends the same time in jail by confessing than he would by not confessing. he spends more time in jail if he confesses, regardless of whether Sharon confesses or keeps quiet. he spends less time in jail if he confesses, regardless of whether Sharon confesses or keeps quiet. OA) OB) Sharon's dominant strategy is to keep quiet. O c)

Ex 8. An airline's data indicate that 50 percent of people who begin the online process of booking a flight never complete the process and pay for the flight. To reduce this percentage, the airline is considering changing its website so that the entire booking process, including flight and seat selection and payment, can be done on two simple pages rather than the current four pages. A random sample of 300 customers who begin the booking process are exposed to the new system, and 117 of them do not complete the process. a. Formulate the null and alternative hypotheses needed to attempt to provide evidence that the new system has reduced the noncompletion percentage. b. Use critical values to perform the hypothesis test by setting α equal to .10, .05, .01, and .001

THE NEXT TWO QUESTIONS ARE BASED ON THE FOLLOWING SITUATION: We have three voters and three alternatives: Triangle, Circle, and Square. There are three possible lists of individual preferences: I: Voter 1: T, C, S Voter 2: S, T, C Voter 3: C, T, S II: Voter 1: T, C, S Voter 2: S, T, C Voter 3: T, S, C III: Voter 1: S, C, T Voter 2: C, S, T Voter 3: T, S, C 6. In which of the three lists do voters have single-peaked preferences? (HINT: Think about ordering the shapes either alphabetically or by number of corners.) a) All of them. b) II only. c) None of them. d) I and II only. e) I only. 7. Suppose that a given social choice procedure chooses T as the winner in Situation I, and chooses C and S as the winners in Situation II. Which properties can we conclude are violated by that social choice procedure? a) The Pareto condition but not the Independence of Irrelevant Alternatives condition. b) The Pareto condition, the Condorcet condition, and the Independence of Irrelevant Alternatives…

please review the second question about pareto efficeincy

Exercise 3.14: Challenging Question. In an attempt to reduce the deficit, the government of Italy has decided to sell a 14th century palace near Rome. The palace is in disrepair and is not generating any revenue for the government. From now on we'll call the government Player G. A Chinese millionaire has offered to purchase the palace for $p. Alternatively, Player G can organize an auction among n interested parties (n ≥ 2). The participants to the auction (we'll call them players) have been randomly assigned labels 1,2,...,n. Player is willing to pay up to $p, for the palace, where p, is a positive integer. For the auction assume the following: (1) it is a simultaneous, sealed-bid second-price auction, (2) bids must be non-negative integers, (3) each player only cares about his own wealth, (4) the tie-breaking rule for the auction is that the palace is given to that player who has the lowest index (e.g. if the highest bid was submitted by Players 3, 5 and 12 then the palace is given…

Consider the experiment of a toss of two coins.  A: observes one head.B: observes two heads. Find P(A) and P(B). Group of answer choices P(A) = 0.1 and P(B) = 0.2 P(A) = 0.25 and P(B) = 0.25 P(A) = 0.5 and P(B) = 0.25 P(A) = 0.25 and P(B) = 0.5 P(A) = 0.5 and P(B) = 0.5

QD1 = 12-4P1 + P2, QS1 = 3+2P1-5P2. solve for P equilibrium and Q equilibrium