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Marketers continue to push the envelope as they challenge society’s norms regarding what topics are appropriate to discuss in public. Advertisers are often blamed for promoting a materialistic society by making their products as desirable as possible. Do you agree with this? If yes, is materialism a bad thing? If no, what are your reasons?
John buys shoes for $1 a pair and socks for $1 a pair. His annual income is $20. Now suppose the government institutes two new programs: first, it taxes shoes, so that shoes now cost John $2 a pair. Second, it gives John an annual cash gift of $10. ..
If you have a perfectly competitive industry of 100 firms with a monthly demand curve of Q=1000-P and TC=Qi^2+100Q+100, a subsidy of $36/month, a long-run equilibrium (before subsidy) of P=140, Q=860 (each firm produces 5 units) and a long run equili..
Determinant of bordered Hessian matrix is 57,600. F. If income went up by $1.00, by how much would utility rise.
If you sell with a price that is above or below the optimum price, what happens with the consumer surplus? Does your response depend on whether it is perfect competition or perfect monopoly?
A sample of 18 Jacksonville employees Explain how they travel a mean of 399 miles per month, with a sample standard deviation of 33 miles.
The base pay for army recruits is $16,000 per year. The army has been recruiting 100,000 new soldiers each year. But this is found to be inadequate given the need for troops in abroad. what would have to be the increase in base pay to attract the des..
Consider a problem such as Costumed Characters in Times Square harassing tourists for money. Give examples of a SMORC policy, a Behavioural policy and a CMORC policy (either version) to deter this problematic behaviour. What distinguishes each policy..
Subsequently the customer paid the balance on 22 October 2012. To customer the Credit terms offered.
Determine the current amount of money that must be invested at 12% nominal interest, compounded monthly, to provide an annuity of $12000 per year for 4 years, starting 11 years from now. The interest rate remains constant over this entire period of t..
A paragraph or so, explain the differences between the public debt and the government budget deficit. Explain how deficit spending could be a burden to future generations.
If economy is operating at full employment and exchange rate increases explain why Federal Reserve will be less inclined to raise interest rate.
A volunteer fire department anticipates purchasing a fire truck in 3 years. Today it will cost $625,000 but the cost is increasing to 4% per year. Find the semi annual payments needed to accumulate funds to purchase the truck if funds earn 6% compoun..
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