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Assume that you hit the $5 million jackpot in the PA Lottery, which promise you a payment of $1 million every year for the next five years. Should you be excited that you have really won $5 million? Why or why not? Find out your total actual payout at the end of the 5 years.
React to the topic by summarizing a significant chapter and/or readings and an application of that chapter material to the subject. Adam Smith and Thomas Malthus had entirely unmistakable perspectives about the eventual fate of capitalism. Condense e..
If other people exploit the same opportunity, what will happen to the cost in Thailand as well as in Malaysia.
Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
When firms differ in terms of their performance, economics integration generates winners and losers. The more productive (lower costs) firms thrives and expand, while the less productive (higher cost) firms contract.
Use separate graphs to sketch two indifference curves for people with each of the following utility functions.
Please analyze a current events article that deals with a highly competitive industry such as online advertising. Your analysis should include the factors driving change in the industry. Decide if there are potential changes due to globalization or t..
Suppose the domestic supply (Qs) and demand (Qd) for MP3 players in the U.S. are given by the set of equations that follows: In the absence of international trade in MP3 players (autarky), the price of MP3 is $60. How many MP3 players will be produce..
The Dallas Electronics Company is considering replacing an old, 1,000-pound-capacity industrial forklift truck. The truck has been used primarily to move goods from production machines into storage. Compare the after-tax EUAC of owning versus leasing..
Assume that the required reserve ratio is 10 percent. If the public withdraws $100 million from their checking accounts and holds it as currency, what happens to the federal funds rate?
For both options, your interest rate is 6% compunded monthly. If the car has a value of S after the 36 months period, what is the value of S that would make both options A and B economically equivalent?
McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $740 per set and have a variable cost of $340 per set. The company has spent $144,000 for a marketing study that determined the company will sell 56,000 sets per year ..
The price elasticity of good Y is -1.46. The advertisement elasticity of demand for good Y is 3.53. And these two elasticities are assumed to remain constant over the planned price and advertisement changes.
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