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Explain the challenges in measuring consumer surplus of a free product like major online applications, such as Facebook and Google Search.
Explain how to quantify the gains that the internet has brought to consumers
Prepare a CPM/PERT chart and determine project duration based on normal project duration (using Normal Time) Prepare a CPM/PERT chart and determine the shortest time this project can be completed taking (using Crash Time).
One of the impacts that can erode the standard of living is inflation. The gov't uses the CPI to measure inflation. What is the CPI? How is it calculated? What are the uses of the information?
using "Wage pass-through" to internalize insurance benefits mean. IF an employee has "firm specific" talents and abilities this means that. indemnity insurance provided incentive for
Utilize your general knowledge of equilibrium prices to explain why the previous interest rate is no longer sustainable.
Political Economists suggest that discrimination can be eliminated or reduced by..
Indicate whether each of the following statements is true or false, and explain why. Producer surplus tends to fall as the supply curve becomes more elastic. Consumer surplus tends to rise as demand becomes more elastic.
Can there be a deficit on Current Account and a deficit on Capital Account at the same time? Explain. Explain why currency depreciation leads to an improvement in a nation's balance of trade. How is the exchange rate determined in a freely floating r..
There are two types of farming tractors on the market, the FT250 and the FT500. The only difference between the two is that the FT250 is more prone to accidents than the FT500. At these prices, 2,000 of each model are purchased each year. What is the..
Suppose there is an increase in the population growth rate. A. Show graphically how this affects the growth rate of both output per capita and total output in the short and long run.
Suppose in 2012 you buy 3% coupon rate, $100 face value bond for $100 that has 2 years left till maturity. If in 2013 interest rates decrease to 1%, what will be the price of your bond and what will be your rate of return if you decide to sell it?
Over the past year, Barned and Noble shifted production of their Nook electronic book reader to Samsung, which allowed B&N to cut cost by focusing on the Production of digital content like e-books. Please use the Porter’s Five Forces to analyze the p..
Discuss the characteristics of law that are consistent with: A. Mill’s Principle and Libertarianism B. Paternalism C. Libertarian Paternalism D. Asymmetric Paternalism
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