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Winners of the Lucky Dog Lottery can take $30 Million now or payments of $ 2.5 million per year for the next 15 years. These are equivalent at what annual interest rate? =
An accident occurred and an individual lose a leg. Show diagrammatically the utility functions before and after the accident. Show that if you were the Utilitarian, you would give more income to the individual after the accident, but that even after ..
Accounting equation determine effect if any on assets, liabilities and stockholder's equity. Explain what an account is and how it helps in recording process.
An item is up for auction. Player 1 values the item at 3 while player 2 values the item at 5. Each player can bid either 0,1, or 2. If player i bids more than player j then i wins the good and pays his bid, while the loser does not pay. Now consider ..
If it cost Wardco $10million to treat the water and the value of mined products to customers is $8million, requiring water treatment would kill the project. Should Wardco be required to treat the water in this case?
What are the advantages of E-Commerce? Name all the specific cyber issues that have necessitated new laws? Explain what the term “spontaneous order” means? Name all of the factors that, according to Lawrence Lessig, govern both real space and cybersp..
Sanford (1952) in his discussion of the follower in the leadership process suggested that we think about the follower’s “readiness for leadership.” Explain what Sanford meant by this concept
Compute the balance in your retirement account when you will be 25, 30, 40, 50, and 65 years old assuming the average annual rate of return is 6%. Assume there are no deposits or withdrawals in this account, so the original balance just accumulates. ..
Assumes that wheat producers lobby the government for a price floor also receive one.
Calculate the loss of economic welfare caused by the monopolistic . If some of this lost welfare would have been producer surplus, why is the monopolist willing to forgot this surplus?
If there are no fixed costs of production, the q that solves the firm’s first-order condition is
What is the different between anticipate and un anticipate inflation? Describe when the government surplus a deficicit. Also draw loan able graphs to explain your answer.
Offer one good or service that you think would be considered highly price elastic ,one that you think is highly inelastic and Elucidate why.
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