1. Can the problems of imperfect and asymmetric information be used to enrich Coase's theory of the firm? How?
Your response should be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
2. "Time is important in roundabout production but not in direct production." Is this statement true or false? Explain. Why does the demand curve for loanable funds slope down? Why does the supply curve for loanable funds slopes upward?
Your response should be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
3. How is the model of corporate finance developed in the second part of Chapter 13 related to the model developed in the first part of the chapter concerning roundabout production and the market for loanable funds?
Your response should be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
4. Describe Coase's theory of the firm.
Your response should be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
References:
1. MCEACHERN, W. (2012). ECON MICRO 3 (3RD ed.). MASON, OHIO: SOUTHWESTERN, CENGAGE LEARNING