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Insurance agents receive a commission on the policies they sell. Many states regulate the rates that can be charged for insurance. Would higher or lower rates increase the incomes of agents? Explain, distinguishing between the short run and the long run.
Use Internet, and other sources of literature and locate an article concerning trends in consumption patterns.
What is the value of the money multiplier and What are the nominal values of deposits, currency, and reserves
Small firms can discover the abilities of their workers more quickly than large ones because they can observe the workers more closely at a wide variety of tasks. Does it make sense for people with high abilities to go to small firms
Illustrate what two kinds of changes in the capital stock can improve labor productivity. What determines the slope of the per-worker production function.
The data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
As we know about the own-price elasticity for good x.
First, read Fuguitt and Wilcox, pages 181-183. Then, from the Stock and Watson text Web site. find a data file CA school districts that contains data on school districts for 420 districts in California. A detailed description is given in CAschool..
Describe in breif its potentials and limitations for reducing poverty and spurring grassroots development in LDC.
Use the Heckscher-Ohlin factor proportions framework with 2-factors, skilled and unskilled labor, to estimate the following arguments.
For each level of output except zero output, calculate the average variable cost (AVC), average total cost (ATC), and average fixed cost (AFC) Qty of boats Total Cost Variable Costs Average Variable Costs Average Total Costs Average Fixed Costs 0 ..
Past month Jones Hat Corporation sold 100 hats at $10 each. This month it increased the value of hats to $11 and sold 101 hats.
Illustrtae the possibly changes which the "accrual" accounting or the "cash basis" could bring into the financial statements.
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