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What are "network effects"? Briefly explain the relevance they hold in an economic context. Find a recent example in the press.
Consider options on Microsoft stock. Suppose that there are call options with a strike price of $10 and put options with a strike price of $10, both with the expirations date of January 16th.
Two automatic systems for dispensing maps are being compared by the state highway department. The accompanying breakeven chart of the comparison of these systems (System I vs. System II) shows total yearly costs for the number of maps dispensed pe..
A small company involved in e-commerce is interested in statistics concerning the use of e-mail. A poll found that 36 percent of a random sample of 1094 adults, who use a computer at their home, work, or school, said that they do not send or receive ..
The annual income from an apartment complex is $21,809. The annual expense is estimated to be $2,607. The apartment complex could be sold for $122,149 at the end of 10 years. If your MARR is 10%, how much should you pay for the apartment complex if y..
How much will Jacob earn? What proportion of his annual salary will be economic rent? Why won't the advertising company for which Jacobs works be able to earn an economic profit?
List and briefly describe the three primary tools the Fed has to control the money supply and how all three can specifically be used to either increase or decrease the money supply
a select a firm or industry in the leisure tourism or hospitality sector-examples include a travel agency a holiday
What do economists believe is the relationship between the price level (P) and real output (Y) in the short run and in the long run, and how does this answer differ depending on which time frame is being considered How are these beliefs reflected ..
What is the equilibrium price and equilibrium quantity of bicycles in Wheelerville? Calculate the value of consumer surplus, producer surplus, and total surplus in this market.
An individual's annual income is $100,000. The person is considering opening their own business. Expected revenues for the business, if they open it, are 2 million the first year.
Consider the following demand and supply functions: Qd = 100 - 5P and Qs = 4 + 3P. What is the slope of each line? What is the equilibrium price and quantity?
Define a normal profit and an economic profit. Are normal profits being earned in this example? Are economic profits present for this firm in this example?
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