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Consider two countries, one is richer and one is poorer. Show that it is possible that the poor country will grow at a slower growth rate than the rich country. ( Hint, consider different steady state)?
You have entered into a contract to purchase new house, and the closing is scheduled for next week. It's typical for some last-minute bargaining to occur at the closing table, where sellers often try to tack on extra fees. pre-sign all the closing do..
Market Research, Inc., wants to know if shoppers are sensitive to the prices of items sold in a supermarket. A random sample of 802 shoppers was obtained, and 378 of those supermarket shoppers were able to state the correct price of an item immediate..
If interest paid on the account was compounded annually, explain how much interest on interest was earned.
A tobacco company is interested in hiring a salesperson to promote smoking cigarattes in nightclubs. The position pays a flat salary of $50,000, regardless of sales levels. The firm has two applicants, predictable Patty and Risky Ricky. Now assume bo..
Why is it important for marketers to understand consumer behavior theories?
The Chamley-Judd result of zero optimal capital taxation says that 0 capital taxation are required in order to maximize welfare at the steady state. The result is 30 years old. Still assuming that we only care about the steady state, what's the liter..
question 1 the economic surplus of a particular action is answer the value of the action the cost of the action
Marketing communications has evolved significantly in the past some years. There are so many different ways to communicate from PR to Lead Generation, Advertising to Direct Mail. At times, the types of communications to end users, leveraging various ..
What is the lowest price John can offer for this contract?
A t-statistic:
Explain in detail the concept of excess burden (or welfare cost) and explain the factors significant in the calculation of the excess burden. What is the marginal excess burden and why is it important concept for policy evaluation?
In order to encourage its employees to save money for retirement, a large pharmaceutical company offers a guaranteed rate of return of 10% per year, without regard to the market interest rate. If a new engineer invests $5000 per year for 10 years at ..
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