Entries by Hannah Wangui

You are bidding against one other bidder in a first-price sealed-bid auction with private values.

November 27, 2020 in /by

You are bidding against one other bidder in a first-price sealed-bid auction with private values. You believe that the other bidder’s valuation is equally likely to lie anywhere in the interval between $0 and $500. Your own valuation is $200. Suppose you expect your rival to submit a bid that is exactly one half of […]

 

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Recall that tax revenue is πœπ‘€π»π‘

November 27, 2020 in /by

Recall that tax revenue is πœπ‘€π»π‘. The Laffer curve is tax revenue as a function of the tax rate and only exogenous variables and parameters. Use the expression you derived (𝐻=(1βˆ’πœ)^(πœ‚/(πœ‚+1)πœ“^(βˆ’πœ‚/(πœ‚+1)) as well as the labor demand curve (A = W) to derive an expression for tax revenue that is a function of only the […]

 

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The income elasticity of demand can never exceed, in absolute terms, two times the price elasticity of demand, if the good in question is a superior good

November 27, 2020 in /by

The income elasticity of demand can never exceed, in absolute terms, two times the price elasticity of demand, if the good in question is a superior good   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Define equilibrium price and equilibrium quantity with a suitable diagram

November 27, 2020 in /by

(a)Β Β Β Β Β Β Define equilibrium price and equilibrium quantity with a suitable diagram. Β Β Β Β­(6 marks) (no need of diagram)   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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