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Many television shows, movies, and songs can be downloaded for free on the Internet. Much of this material is copyrighted and was expensive to produce. Much of it is available for a fee through a legitimate site. Should you pay to download an episode of your favorite television show or a song, or is it acceptable to take it for free from a website? What is your ethical obligation?
Use the Keynesian-cross model to illustrate graphically the impact of an increase in taxes on the equilibrium level of income.
If interest is compounded at 15% per year, how long (i.e., the number of year-long periods) will it take for $50,000 to accumulate to $66,125? Hint: you can check your work using the FV function in Excel with the annual payment set to zero, since we ..
Given the estimate for own price elasticity is -4.5, and the upper and lower 95% confidence intervals are -.5 and -8.5, what is the standard error for the own price elasticity estimate?
Any economically efficient production process is always technically efficient. Any technically efficient production process is always economically efficient. A production process must always be both economically efficient and technically efficient.
Illustrate what are some of the limitations of the national income accounts in how they represent our standard of living.
The world willingness to pay for oil is given by P = 200 - Q, with P in dollars per barrel and Q in thousands of barrels per month, and OPEC is planning its strategy to set the world oil price. The competitive fringe of small firms takes the price OP..
Describe at least four characteristics of a good business.Identify and talk about at least four companies that you regard as having the characteristics.
You just opened a flower shop and are trying to understand pricing issues. You were told that elasticities are very important in determining prices and what products to supply, so you decide to investigate this concept.
If the inflation free rate is an annual 13% and inflation is an annual 4%, what is the annual market interest rate? If you anticipate an annual inflation rate of 4.0% in the current economy and can make an investment that is expected to appreciate at..
Forecast the demand for pizza in your community for the next four (4) months using the regression equation, including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast
A firm†TM s demand function is defined as Q = 30 - 2P. a) Use this demand function to calculate total revenue when price is equal to 10 and when price is equal to 11. b) What is marginal revenue equal to between P=10 and P=11?
What are the advantages and disadvantages of a “bailout” for an industry such as financial or automotive? Please give several examples and document any sources/data as appropriate. What is your opinion about government involvement and financial suppo..
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