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What is the process for each type of ADR, and how can a corporate manager prepare for it? What are the advantages and disadvantages of each type of ADR?
What happens to equilibrium (1) economic output, (2) employment, (3) the real wage rate, (4) the capital stock, and (5) the real rental cost of capital. Be sure to explain why these changes take pla
What are the total explicit, total implicit, and total economic costs in 2013? What is accounting profit in 2013? What is economic profit in 2013?
Assume that interest earnings are reinvested each year and themselves earn interest. Calculate inflation and real interest for each year and then calculate it for the three years as a whole.
How much money will he have in his account when he retires 38 years from now, assuming this is the only deposit he makes into the account?
Explain the essential distinctions among the stages-of-growth theory of development, the structural-change models of Lewis and Chenery.
Suppose your friend could predict the outcome of this World Series with 100% accuracy. What would be the value of your friend's "tip" to you?
The alarm, and we'll also ignore the cost of repairing, say, a broken window). What can you conclude about Mrs. Smith' risk attitude? Explain.
Which types are uncontrollable? Explain with an appropriate rationale. How can a company incorporate risk into the decision-making process?
Dervie additional utility U(x,z) is 0 if x+z<and =5 and is x+z otherwise. Draw fionas indiffrence curves which of our prefrence assumptions does this example violate?
Construct a sequential decision tree for this decision situation and determine whether the company should make a bid.
If during 2012 the money supply increases by 4%, the inflation rate is 2%, and the growth of real GDP is 3%, what must have happened to the value of velocity during 2012?
In February 2012, she sold all the cards for a total of $800. What are the contributions of these transactions to GDP in 2011 and 2012?
How might you capture additional profits using a more sophisticated pricing policy that does not involve capturing more of the consumer surplus. Explain.
How do you think the basket of goods and services you buy differs from the basket bought by the typical household?
The other has a long-run cost curve of 10 +y2/10. If no new firms enter the industry, at which prices will exactly one firm operate?
A typical gasoline retailer enjoys sales of $1,450,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product?
What must an entrepreneur do to earn a profit? How do the actions of firms earning profits influence the value of resources? What happens to the value of resources when losses are present?
Draw a production possibilities frontier between beans and peas which exhibits increasing opportunity cost. Label the unattainable points.
In the same graph, illustrate the consumer's opportunity set when the price of good X increases to $20. How does this change alter the market rate of substitution between goods X and Y?
Suppose the input price of labor falls to $18. Determine the new least-cost input amounts in the long run. Provide an intuitive explanation for the change in inputs caused by the lower labor price.
For which type of treatment would you set a higher coinsurance rate if your only goal is to reduce the moral hazard problem?
Will insurance, which provides full coverage, arise in this market? Explain your answer (if yes, then quote the actuarially fair premium; if not, explain why not)
the costs of the program had grown so much that the state began cutting benefits, tightening eligibility, and cutting its payments to physicians. Explain why this outcome was predictable.
A health insurance company offers a policy that will cover all medical expenditures due to sports injuries at the premium of $4,000 per year. What is Sally's expected utility without health insurance