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Question pertaining to EBay
1. How does eBay create value?2. What potential contracting problesm exist on ebay?3. How does eBay address these problems?4. What are the contracting cost at ebay5. EBay claims that it has only a small problem with fraud and misuse of the sytem. Does this imply that it is overinvesting in addressing potention contracting problems? Underinvesting? Explain.
In a closed economy without a government sector, consumption is determined as 80% of the income available to households. Investment is autonomous at a level of £450.
There are many factors might change AD and AS, and equilibrium. Please evaluate the effect of following scenario on the AD curve, AS curve, and accordingly the effect on equilibrium price level and equilibrium GDP/output.
Assume both the 1-year and 11-year spot rates unexpectedly shift downward by 2 percent. Illustrate what is the price of a forward contract otherwise identical to yours.
All firms in a Cournot monopolistically competitive industry have the same cost function C (q)= 25 + 10q. Compute the equilibrium price, total output, firm output and number of firms in the industry.
Elucidate the difference among the statement "the money supply is fixed" and the statement "the money supply is exogenous".
If the price changes above occurred for all goods across the economy during the four year period, elucidate how nominal GDP and real GDP would differ.
Illustrate what would you expect BRL-USD to do and by how much in one year.
Show graphically the amount of the change that is due to the substitution effect and the amount of the change that is due to the income effect.
Suppose you bought a bag of groceries at Food Lion this past September for $46.54. Calculate the price of a similar bag of groceries in 1999 prices if the CPI
Question based on Laffer Curve : Tax Rate and Tax Revenue, Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?
Draw a graph showing hte above situation. Include in that graph, the monopolist's cost curves, demand and marginal revenue curves and the price and quantities that are indicated by the situation described above.
Find the optimal level of inputs L* and K* that minimize the cost of producing Q0. What is the cost of production associated to L* and K*?
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