Bus services are generally more energy efficient than cars yet the trend over the past 30 years has been a decline in the proportion of commuters taking buses despite an increase in real energy prices. Why?
Answer to relevant QuestionsUsing a diagram like Figure 5.2, explain why, under our current method of educational finance, a rich family is much more likely than a poor family to send its children to a private school.Suppose Smith from Problem 7 views current and future consumption as perfect, one-for-one substitutes for one another. Find his optimal consumption bundle.At current prices, housing costs $50 per unit and the composite good has a price of 1 per unit. A wealthy benefactor has given Joe, a penniless person, 1 unit of housing and 50 units of the composite good. Now the price of ...Cornell is committed to its current policy of allowing the children of its faculty to attend the university without paying tuition. Suppose the demand curve of Cornell faculty children (CFCs) for slots in other universities ...Suppose you have $10,000 to invest. A broker phones you with some information you requested on certain junk bonds. If the company issuing the bonds posts a profit this year, it will pay you a 40 percent interest rate on the ...
Post your question