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Economists often assume that insurers set premiums (nearly) equal to the AFP for that plan. Is that an accurate assumption? Is a higher “load” on insurance premiums necessarily a bad thing for consumers? When might a higher load be a sign of problems in the insurance market?
The relationship between Price elasticity of demand and Marginal Revenue can be shown to be: There are two types of customers that come to the Barnegat Fish Company to have their signature crab cakes: An affluent group with a price elasticity of dema..
This year your income from only two years investment was $25,000 and you have to wait for one more year to earn $45,000 and another two years for taking $90,000. If the interest rate was fixed at 13.18% per year compounded continuously, how much did ..
How does the concept of capabilities to function' help us gain insight into development goals and achievement explain its contribution in measuring level of development.
Explain why quality became the most important issue facing American business in the 1980s. In addition to economic competition from Japan, what other factors may have contributed to the importance that quality has assumed?
What is continuous linked settlement and how does it operate? What is a quotation and how does it work in cross currency?
In December 1992, the government began requiring that food contain labels with nutritional information. The information had to be verified by independent laboratories. The price of verification was $20,000 per food item. What impact would this have o..
Indicate the effect that each of the following conditions will have on a firms average variable cost curve and its average cost curve.
The purpose of this assignment is to become familiar with the terms import and export, and then describe advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry.
You are a project manager at a bike shop. You just received a shipment of new bikes that need to be assembled. For each bike, the frame needs to be set, which includes the bike frame, handle bars, and the seat. The wheels need to be mounted. To ensur..
Analyze a two-period model for the market of computers in which two firms operate. Firm 1 only produces in period 1 and is endowed with an old technology providing a quality level vO to consumers. Firm 2 is a potential entrant in period 2 and it is a..
Illustrate what was the impact on the supply also demand of labor on one sector of the labor market. Elucidate the factors which affected labor demand also labor supply in the chosen historical example.
Widgetland has 60 workers. Each worker can produce 10 widget(s) or 12 wadget(s). Each resident in Widgetland currently consumes 8 widget(s) and 8 wadget(s). Wadgetland also has 60 workers. Each can produce 10 widget(s) or 8 wadget(s). To maximize con..
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