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True or False? Explain!
(a) Monopoly outcome is always inefficient, even if the monopolist cannot price discriminate.
(b) The budget line consists of all points that a consumer can afford by spending all her income and among which she is indifferent.
1. Summarize the courts' majority decision. Provide an analysis and explanation of the major applicable cases which provided precedent to the majority.
Find out one story about the economy that has been in the news lately.
Compute the expected stock price for each firm using the constant growth dividend discount model.
1. What steps did management at your organization do to motivate workers? 2. Did management seem to apply Theory X or Theory Y for their motivation strategies? Or did they use elements of both? 3. What needs in Maslow's hierarchy does management at ..
In the United States, the average number of airplanes in the sky on an average morning is 4000. What is BUN-creatinine ratio
Until the early 1990s, the U.S. government emphasized GNP rather than GDP as a measure of economic wellbeing. Which measure should the government prefer if it cares about the total income of Americans? Which measure should it prefer if it cares about..
An interesting paradox called the "Paradox of Thrift" arises when households become concern about their future and attempt to increase their saving. As a consequence of such action the overall economy will suffer. Explain. Do you agree with thi..
Briefly discuss the concept of both positive and negative externalities and give specific examples of each. In your explanations of the two, cover the differences, discuss why property rights are an important variable, and discuss any other releva..
Assume an economy in long and short run equilibrium in the Aggregate Deamnd/Aggregate Supply model. There is a sudden drop in consumer confidence in the solvency of pension funds. Explain, with support from a graph, how this is shown in the AD/AS ..
Suppose that the software market currently has only one firm operating - microhard. A new firm Newvell could enter the industry.
Suppose you discovered that a particular model of digital camera could be bought much more cheaply in Minneapolis, Minnesota, than in Flagstaff, Arizona.
With a falling price level, what happens to the actual real interest rate? Does your answer depend on what happens to the nominal interest rate? Briefly explain.
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