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Over the past 20 years, economics has been divided and classified in a number of ways. Behavioral economics, even though discussed and researched over the past years, it hasn't been truly 'defined' or even separately categorized on it's own. If you had to define 'Behavioral Economics', how would you describe it?
You have just deposited $1000 in an investment that promises to pay you $100 per year for the next 20 years (starting at the end of this year). What is the effective annual interest rate earned for this investment, assuming annual compounding? As alw..
The current cost function for a lab that evaluates Pap smears is C = 200,000 + 25 x Q. Q, the annual volume of tests, is forecast to be 30,000. The incremental cost is $25 because each evaluation requires $20 worth of a technician's time and $5 worth..
In 1990, the ratio of Japanese to US labor productivity in the steel and consumer electronics industries were estimated to approximately 1.4 and 1.12. What country has the comparative advantage in producing steel and what country has the comparative ..
Suppose that the U.S. dollars-Chinese yuan exchange rate is fixed by the U.S. and Chinese governments. Assume also that labor is immobile between the United States and China due to high transportation costs. Which of the following situations is likel..
To be a senator, an individual must ________.
Frank Sill the CEO and founder of environ wearies facing the first big challenge of his young company. Frank began the company on the principle of environmental consciousness in the manufacture of sport s and recreation wear. On the basis of porters ..
1) Suppose the market for semiconductors in the U.S. is characterized by: Qd = 200 - 40P [Demand] Qs = 40+ 40P [Supply] The market for semiconductors in the rest of the world is characterized by: Qd = 160 - 40P [Demand] Qs = 80 + 40P [Supply]
Summarize the major provisions of the law that you chose. Describe the economic impact of the law. Provide specific economic data from credible references. Has the law improved the environment or situation? Provide specific data from credible referen..
Two firm’s identical production costs, how do they maximize profits, how does this change if price discrimination is feasible or if the two firms have different costs of productions?
Looking at all commercial banks in the United States, _______ is the largest category of liabilities.
Siemens has announced job cuts of 4,500 employees today because a drop in industrial profits to 1.70 billion euros from forecast level of 1.78 billion euros. The new cuts come on top of 7,400 job losses announced earlier. Why is Siemens doing this wh..
A bridge design firm is performing an economic analysis of two mutually exclusive designs for a highway overpass. The steel girder option has an initial cost of $2.08 million, and the concrete option has an initial cost of $2.5 million. Based on the ..
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