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Private University, a private nonprofit educational institution located in Califor?ia, decides to issue "Shares in Learning" certificates in a one-time offering to the public. These shares will be sold for $500 each and entitle the bearer to redeem each certificate for two undergraduate or one graduate college credit in any of its schools at any time in the future. The shares may also be resold without restric?ion by the initial purchaser. The offering will be made via the Internet. Will the offering need to be registered with the Securities and Exchange Commission (SEC) under the Securities Act of 1933? Explain. Does your answer differ if "Shares in Learning" are issued by Private College, a proprietary for-profit institution that does business in all 50 states? Why?
Met's preferences over consumption is defined by the following utility function: u(c1,c2) = min[c1,2c2] . Note, c1 is Met's consumption today and c2 is Met's consumption next period. Derive Met's demand for consumption today and consumption next peri..
Explain why do national income accountants compare the marker value of the total outputs in various years rather than actual physical volumes of production.
"Which side of the market, supply or demand, that bears the burden of a tax on a good or service depends upon the relative supply and demand:"
Should the seniority rule be eliminated, what is MOST likely to gain greater influence over the process of selecting committee chairs.
Illustrate what will the level of output and price in the long run if this industry were perfectly competitive.
q1. consider the supply curve qs 4p. what happens to the price elasticity of supply along the curve as the quantity
A firm that finds it extremely expensive to monitor the output of each worker will likely pay its workers
Explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.
Find the effects of the increase in the expected future MPK on current output and prices from the AD-AS diagram based on the misperceptions theory. What accounts for the difference with part a?
Suppose a woman marries her butler. After they are married, her husband continues to wait on her as before, and she continues to support him as before (but as a husband rather than as an employee). how does the marriage affect GDP? how should it a..
The truck's market value is expected to decrease by $2,500 each year it is in service. If the company plans to keep the truck for only two years, what is the annual worth of this investment? The MARR=18% per year.
Consider a small country that is an exporter of good X. Suppose the government imposes a tariff on imports of good X. Using one graph, showing demand and supply of good X in the home country, carefully illustrate the effect of a tariff imposed by the..
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