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Assume the DJIA closed at 12,487 last night. The divisor is 0.123017848. Assume that 29 of the stocks in the index were unchanged today. One stock increased in value from $54.80 a share yesterday to $56.90 a share today. What is the DJIA index value at the close of trading today?
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In the absence of a binding and enforceable agreement, determine the dominant strategy for AMC. c. Determine the dominant strategy for SAMI. d. If the two firms can enter into a binding and enforceable agreement, determine the strategy that each fi..
After two quaters of increasing levels of production, the CEO of Canadian Fabrication and Design was upset to learn that, during this time of expansion, productivity of the newly hired sheet metal workers declined with each new worker hired. Which y..
PART TWO: THE LABOR MARKET Portray graphically the outcomes of before and after the imposition of minimum wage in the following TWO hiring scenarios of Kellogg’s firm. Label the wage paid by Firm B before minimum wage imposition as WB1 and wage paid ..
The question asks to determine the equations for P=f(Q), MR=f(Q), ATC=f(Q, Q^2), AVC=f(Q, Q^2), MC=f(Q, Q^2) I believe I need to run a regression analysis to get the TC equation first, but am not sure. It then asks to calculate the Lerner Index and d..
Kermit is considering purchasing a new computer system. The purchase price is $130,725. Kermit will borrow one-fourth of the purchase price from a bank at 10 percent per year compounded annually. The loan is to be repaid using equal annual payments o..
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..
Total reserves $80 billion, Transaction deposits $800 billion, Cash held by public is $100 billion, Reserve requirement .10. Are the banks fully utilizing their lending capacity? What would happen to the money supply initially if the public deposited..
What is the maximum amount of good Y that can be purchased if X and Y are the only two goods available, and individual income is $600, Px=15 Py=10, and they are already purchase 30 units of good X?
Suppose we have two types of consumers (for simplicity we’ll assume that there is one person of each type). They have inverse demand curves given by: p1 =110−2q1 and p2 =70−4q2. What rents do the low-type consumers earn in any equilibrium? What about..
Suppose the growth rate of the firm's profit is 7 percent, the interest rate is 9 percent, and the current profits of the firm are $90 million. The firm does NOT pay out dividends. What is the value of the firm? $4,905 million $613 million $405 milli..
Describe each country's reaction function. Does a Cournot equilibrium exist? If so, find the outputs and prices of crude oil in the two countries.
To promote industrialization, import-substitution strategy has been adopted by developing economies to promote industrialization in the domestic economy. Provide 3 key advantages for adopting this strategy and 3 key disadvantages to the domestic econ..
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