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You deposit 319 dollars in an account every year for 7 years that earns 10 percent annual interest. What is the present value of your deposits today (the present value of the annuity at time 0)? (your first deposit will be exactly 1 year from now and your last deposit will be 7 years from now)
Explain how the price-specie-flow mechanism operates to maintain balanced trade between countries. What are the assumptions that are critical to the mechanism's successful operation?
An indifference curve that is convex to the origin has diminishing marginal rate of substitution: Find the marginal rate of substitution between x and y for the following function: Demonstrate mathematically whether each utility function above exhibi..
Market demand for laptop computers is y = 500 - 2p. But the computers are developed by a hardware firm with a cost function c(y) = 10y + 100, & the operating system is developed by a software firm with a cost function of c(y) = 150. Calculate the opt..
Privacy issues are becoming more of a concern as more and more information is gathered by organizations we do business with. Do you believe Target overstepped the acceptable privacy boundary? What do you suggest Target might have done differently to ..
What is represented in the price of a good or service?
Explain how manager could improve and become more "well rounded". Also include what this manager did well. Include observations about the managerial environment.
Pick one of the characteristics of a perfectly competitive firm and explain in detail why it may not hold up in real-life. Use a specific example to illustrate your answer.
Describe in 100 words or less the condition of “full employment” and explain why, even under the conditions of full employment, there is still a percentage of the labor force who are not working.
Below are three parcels of real property A, B and C. B wants to have a built-in swimming pool installed in his backyard. In order to run the water line directly from the main in the street to the site, the line must run over his neighbor’s property. ..
why do points on a utility possibility curve represent efficient allocations of resources? why must the utility
You buy a house and pay for it. A year later the price of houses changes while all other prices(and your cash income) remain the same. Assume that houses can be sold and bought without incurring transactions costs. Show that the price change makes yo..
what will happen to the hedonic wage function after the public relations campaign? what will happen to where each individual miner locates on the hedonic wage function?
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