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Tony Soprano borrowed $200,000 from his "Shylock" friend Herb to cover his gambling losses. The "vig" is 1.5 points (%) per week. What are the nominal and effective interest rates?
Explain how would the number of workers hired (variable input) change. This is a profit maximizing firm, also explain the profit maximization condition the firm uses.
Under current law, most Social Security recipients do not pay federal or state income taxes on their Social Security benefits. Suppose the government proposes to tax these benefits at the same rate as other types of income.
Refer to the above data. If the product price is $95, at its optimal output will the firm realize an economic profit, break even, or incur an economic loss?
The inverse market demand in a homogeneous-product Cournot duopoly is p=200-3(Q1+Q2) and costs are C1(Q1)=26Q1 and C2(Q2)=32Q2. Determine th reaction function for each firm. FIrm 1 Q1=, Firm2 Q2= Calculate each firm's equailibrium output.
Using the marginal productivity theory of labor demand to forecast the impact on the company's employment level of following events. Describe why the change in employment occurs and show it in a graph.
Providing the current situation with General Motors, our team is recommending that they (GM) reduce their current operations in order to maximize profits.
Suppose households believe that greater government borrowing today implies higher taxes to pay off the government debt in the future. What does this belief do to private saving and the supply of loanable funds today
Can you illustrate through using supply and demand graphs what happens to the equilibrium price and quantity in each of the following conditions.
The Portland Sea Dogs, AA affiliate of the Boston Red Sox major league baseball team, have enjoyed a surge in popularity.
Some economists advocate such a rule for monetary policy but believe π and y should be the forecasts of future values of inflation and output. What are the advantages of using forecasts instead of actual values What are the disadvantages
the CTU Professional Learning Model to teach with hands-on, industry-related, problem-solving experiences that model the professional environment and encourage achievements that lead to student and employer success.
Presently most British imports come from other European countries. How does this fit in with the changing types of goods that make up world trade.
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