Question Bob used to earn $40,000 per year in his job as a nurse but he quit to open his own pizza shop. Bob used $10,000 from his own savings account and borrowed $200,000 more from his bank. The Interest rate is 4%. In Bob’s first year of business he earned $80,000 in revenue and […]
Question Which of the following is most likely to shift the PPF in and to the left?A. A nationwide flue epidemic B. An increase in the unemployment rate C. The discovery of a new technology D. A change in the preferences of the country’s population Please explain your answer Looking for a Similar Assignment? […]
Question QD=500-2PQS=-80+3Psuppose the actual market price of digital cameras is $128. what is the quantity demanded and quantity supplied at this price? Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
Question 2. Hotelling-Downs Model with Multiple Parties (30pts)Consider the Hotelling-Downs model with four parties (A, B, C, and D) contending in the election. All parties are office-seeking and maximize their own probabilities of winning the election. Suppose that the voters’ ideal policies are distributed uniformly over the interval [0, 1]. Answer the questions on the […]
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