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What single sum of money at the end of the third year is equivalent to a payment series of $10,000 the first year, $9,000 the second year... down to 6,000 the 5th year? Assume the money has a time value of 10%/year compounded annually.
First assume that each lawyer will pay his own bill. Describe their decision making process as a normal form game (describe the payoff matrix). Identify the Nash equilibrium or equilibria. Do you think that the Nash equilibrium or equilibria is a rea..
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 120 - 0.5P, and the marginal cost of production is $150. Determine the optimal number of units to put in..
Suppose the mayor is suggesting an increase in gas taxes that would affect the commute costs and thus bid rent curves for residents Pr=5.5-0.75x. Calculate the new size of the city.
The consumer of a bottle is willing to pay $18 for 3000 bottles but for every $8 decrease they are willing to buy 9000 more bottles. the suppliers will not supply any bottles at a price of $6 per bottle, but are willing to sell 3000 bottles for a uni..
Explain an economy is initially in equilibrium at the natural level. The central bank increases the money supply.
If the general inflation rate is 6% compounded monthly, find the Actual-dollar value and the Constant -dollar value of the 20th payment.
q1. assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in
What are transnational corporations (TNCs, or multinational corporations, MNCs) and how are they different from other business firms? Why hove the MNCs become more important in international political economy during the past three decades? What kind ..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
(Arbitrage) A supplier is selling hammers in two cities, Pleasantville and Happy Valley. It costs him $5.00 per hammer delivered in each city. Let p1 be the price of hammers in Pleasantville and p2 be the price of hammers in Happy Valley. Assuming th..
Explain the origin of the Human Development Index. Explain the method of calculating Human Development Index.
discuss the importance of the command process and the traditional process in the making of management decisions.
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