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Wilson is offered a job in Kansas City that pays $50,000 and a job. Which pair of CPIs would ensure that the two salaries have the same purchasing power?
Warranties and service agreements play an important role. How do the warranty coverage and service provided by dealers enhance the brand value of Harley?
Why do economists pay little attention to the algebraic sign of the elasticity of demand for a good with respect to its own price.
Trust Company reserve right of final approval based on customer's credit history. How monthly payments were computed for the Alternative Auto Loan by the bank.
Suppose we were able to find an investor who was willing to buy her lottery ticket. What would be the fair amount to trade her 19 future lottery receipts?
If the price of watches is $100, how many watches should you produce to maximize profit? At what minimum price will the firm produce a positive output?
What is the definition of Monopoly and salient feature of monopoly? We all know monopoly has lots of disadvantages but what are the advantages of monopoly?
GDP (or GDP per capita) is a common measure for a country's standard of living. Discuss the shortcomings of using GDP in this way.
In a six to ten page paper, write about why the cost of college is so expensive. Be able to articulate supply and demand into the conversation.
Find the new price after the cut off. What would happen if the US government imposes a price ceiling on gas at $3 per gallon.
Is the policy that is being advocated consistent with the preceding statements about the wages and productivities of American and Asian workers?
Suppose the supply of good x is given by Qsx = 10 + 2Px. How many units of good X are produced if the price of good X is 20?
Draw the average cost, marginal cost, demand and marginal revenue curves. Show the price charged by De Beers without price discrimination.
Some workers in the economy are paid a flat salary andsome are paid by commission. What factors do youthink determine the type of compensation firms choose?
Draw a game tree and predict the outcome. From the industry perspective, do the benefits of advertising exceed the costs?
How would the shift to a fully funded system affect the level and the rate of growth of output per worker in the long run?
In what sense is money neutral? How is monetary policy useful if money is neutral? Why then is monetary policy considered neutral but fiscal policy is not?
Why is the amount of R&D spending important for growth? How do the appropriability and fertility of research affect the amount of R&D spending?
The 2001 recession ended in November 2001. What evidence do these graphs provide concerning the lingering perception of a recession?
Suppose you purchase a $5,000 bond that pays 7 percent interest annually and matures in five years. What is the estimated real rate of interest?
Discuss the monopolistically competitive firm's demand curve to those of a perfect competitor and a monopolist.
Determine and explain which types of elasticity of demand you are able to calculate, and then calculate using the formulas given in the textbook.
You are giving the following amounts: $190,258.50; $152,698.00; $122,753.00; $220,523.00; $231,951.00. What is the average of these five amounts?
Suppose both firms provide low-price guarantees. Draw a new game tree and predict the outcome of the price-fixing game.
Identify possible economic policies that may explain these items and/or those which could be used to deal with the problems or situations described.