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Your grandfather has offered you a choice of one of the three following alternatives: $5,000 now; $1000 a year for eight years; or $12,000 at the end of eight years. Assuming you could earn 11 percent annually, which alternative should you choose? If you could earn 12 percent annually, would you still choose the same alternative?
Contracting may not be preferable to vertical integration because of which of the following conditions: Complete contracting eliminates flexibility.
A consumer has preferences u(x) = 2x 1 2 1 + x2. The price of good 1 is p1 > 0 and the price of good 2 is 1. You may restrict your attention to interior solutions throughout. Explain whether these preferences are i) monotonic, ii) quasilinear, iii) e..
Equilibrium GDP is $5000 while full employment is $6000. What kind of gap is this? What would the Keynesians say the government should do? The correct economic policy would cause Aggregate (Demand or Supply) to (rise or fall)?
In the Great Plains states west of the Mississippi river, annual rainfall is less than annual water usage for irrigation. The level of groundwater in the Ogallala aquifer that underlies the region is dropping precipitously. On its western edges the a..
Suppose that the average household in a state consumes 800 gallons of gasoline per year. A 20-cent gasoline tax is introduced, coupled with a $160 annual tax rebate per household. Will the household be better or worse off under the new program?
For a profit maximizing monopolist, _____. In contrast, for a profit maximizing perfectly competitive firm, _________.
q1. explain a voting pattern using the actual votes taken by at least 15 legislators in the u.s. congress a state
Entrepreneurs do all of the following except:
A circulating nurse is preparing the OR before the patient and others arrive, she drops a hemostat and it lands on the floor, she looks around and no one saw it drop, so she picks it up and puts it back on the tray, patient develops an infection.
Delineate which market participants you believe benefited from the final court decision and whose interests were harmed.
Assume that the company's is considering a merger. The possible merger currently faces some threats and that the industry decides on self-expansion as an alternative strategy, describe the additional complexities that would arise under this new sc..
What is endogenous growth? How do endogenous growth models differ from the neoclassical models of growth? How do the implications of an increase in saving with regard to both the level and the growth rate of output differ between the neoclassical gro..
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