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The Publishers Clearing House is awarding a prize of $5000/week for the rest of your life that can then be transferred to someone you nominate (and so on). How much does the Publishers Clearing House has to deposit now (P) if yearly interest (APR = nominal rate) is 3% per year?
Empirical estimate of the price elasticity of demand indicate that teams actually price in the inelastic portion of the demand curve. Give one example why teams might price their tickets like this.
The can industry is composed of two firms. Suppose that the demand curve for cans is P=100-Q where P is the price (in cents) of a can and Q is the quantity demanded (in millions per month) of cans. What are the price and output if managers set price ..
Compare and contrast how the concepts of attitude and personality are both similar and different. Why is it important that an HR staff person who deals with conflict in the workplace, understand these differences and similarities? Give a workplace ex..
What were there reason why IMB lost it advange over the computer world.
One of the most debated areas in economics is balancing the budget. The major contention is on the timing of the policy. If the government were to operate under a strict balanced-budget rule, what do you think would it have to do in a recession? Shou..
which of the following is the best explanation for the state's historic reliance on severance taxes on oil and gas production.
Select any three occupations of my choice from the U.S. Bureau of Labor Statistics Occupational Outlook Handbook. 1 - Interior Designer, 2 - Lawyer, 3 - Psycologist. Based on the findings from OOH, write a brief summary of the median earnings, number..
Suppose that Shelly's preferences for consumption and leisure can be expressed as u(c ,l)=(c-200)×(l-80). Calculate her utility, u0 , if she consumes c = $360 and enjoys l = 110 hours of leisure per week. Evaluate her marginal utilities of consumptio..
What are some of the unintended consequences of efforts to regulate the illicit global economy? How can states more effectively reduce the negative consequences of black markets?
The rate of growth in the US economy is currently 0.5% annually. Your mission is to increase our growth rate to at least 4% annually, without setting off unacceptable levels of inflation. You have the tools of fiscal and monetary policy available. **..
If domestic investment in an economy is smaller than the economy's private domestic savings
Which of the following is NOT a characteristic of a perfectly competitive market? Recall the Application called "Wireless Women in Pakistan." What makes the wireless telephone market in the US NOT perfectly competitive? How do entry costs affect the ..
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