You are considering subscribing to ESPN+. You are willing to pay up to $86 per year for a subscription. The current annual price is $41. Calculate your consumer surplus under these circumstances. You are considering subscribing to Hulu. You are willing to pay up to $21...
How did farmers change their practices as they adopted HYV?2. Describe briefly how the Green Revolution affected income, poverty, and nutrition in Asia.3. How can governments and aid organizations ensure that agricultural development helps small farmers? Summarize the brief's suggestion in your words (point...
Using diagrams, discuss the potential impacts on the local price and local quantities of corn produced, consumed, imported, and exported of each of the following changes: a. An inflow into Small Village of refugees who bring wealth with them but do not have access to farm...
Consider the right to smoke or to be free from smoke in the following situations. In which situations do you think that transaction costs are so high that they preclude private bargains, and in which cases do you think that transaction costs are low enough...
Do you think your business experiences diminishing returns? Economies of Scale? What's the difference? Discuss examples of how this applies in your business....
You are the CEO of a company that has to choose between making a $100 million investment in Russia or Poland. Both investments promise the same long-run return, so your choice is driven by risk considerations. Assess the various risks of doing business in each...
Pringles is entering a new market. They are trying to decide which of 96 different (real) flavors to produce to maximize profits. The profit margin for each flavor is listed in pringles.xlsx, as well as the seconds needed per can for 3 different production processes: Flavoring, Packaging,...
My small business rents date supplies to those who don't want to spend the money to buy the stuff for themselves before they try it. We give them the opportunity to try it at a low cost The table below lists the items available to be added...
The Portland Trail Blazers decided to celebrate how well they are doing by distributing signed basketballs to their fans in Chino Hills, Portland, and Seattle. They have three warehouses that they will be shipping the basketballs from that are named after players. The Trail Blazers...
Consider the following two-player normal—form game: Player 1Player 2 1 -_ 2 (b) Identify the conditions on a, b, c, and d, under which (B, R) is the unique Nash equilibrium of the game....