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Consider a bond that promises to pay $100 in one year.a. What is the interest rate on the bond if its price today is $75? $85? $95?b. What is the relation between the price of the bond and the interest rate?c. If the interest rate is 8%, what is the price of the bond today?d. How does the demand for bonds vary with the price of bonds?
Describe the dimensions of quality from micro- and macro-perspectives. What are the different formats or models and applications of quality? Discuss the top three in your opinion.
Illustrate recommendations would you make to Congress and the President for the management of fiscal policy.
Ted has preferences given by the utility function U(K,L) = K + 2L where K =pounds of Kale per month and L = pounds of lettuce per month. a. What is Ted's Marginal Utility of Kale? What is Ted's Marginal Utility from Lettuce?
Illustrate what has happened to the price and quantity of the substitutes and complimentary goods/ services for your selected product over the last year.
How would each of the following affect the firm's marginal, average, and average variable cost curves?
A monopolist sells in both Milwaukee also Cleveland and has identical marginal price of 8 in each market.
Illustrtae what situation in which both parties entering into a contract could benefit from slightly ambiguous language contained in the contract.
A monopolist can not hire fewer employee and pay a lower wage than a firm in a competitive labor market.
A rural utility organization gives standby power to pumping stations using diesel-powered generators.
Elucidate economic school of thought does Obama base his economic prescriptions? Detractors accuse him of some leaning towards socialism. However, Obamanomics is simply "Keynesian Economics".
The government of a large United State city recently established a living wage law that starting January 1 of next year, will require all businesses operating within city limits to pay their workers a wage no lower than $8.50 per hour.
Over what range of labor input is marginal product minute than average product. Illustrate what is happenning to average product as employment increases over this range.
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