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What do you think about the often proposed "flat tax" as a better alternative than our current system allowing for credits and deductions?
Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country.
Consider the market for electronics. Patents are granted to investors of a product or process for a certain number of years. The reason for this is to encourage innovation in the economy, without the existence of patents; it is argued that research a..
Sometimes managers do not have strong incentives to maximize the firm value. At the same time development of the control systems can be both difficult and expensive.
Illustrate what was the marginal cost of the 251st unit of output.
In game theory, a dominant strategy refers to a choice
q1. when the firms in the industry are just able to cover their cost of production economic profit is 0. consequently
IPS Corp. will upgrade its package-labeling machinery. It costs $150,000 to buy the machinery and have it installed. Operation and maintenance costs, which are $1500 per year for the first three years, increase by 500 per year for the machine's 10-ye..
At Forest Point Construction, your boss says that he can estimate the total project time based on his personal experience. You are trying to convince him that he should use project management techniques to handle a complex project. What is the correc..
Since under price leadership by the dominant firm, the firms in the industry following the leader behave as perfect competitors or price takers by always producing where the price set by the leader equals the sum of their marginal cost curves.
"Are real estate prices predictable: Determinants of transaction prices and time on the market." What are the main characteristics of perfectly competitive markets? Do housing markets share these characteristics?
Define adverse selection in a general way and then provide a more specific definition of adverse selection in an insurance market and explain how adverse selection manifests itself and becomes a problem in insurance markets.
Benny decides to buy living room furniture worth $3000. He plans to finance the furniture for two years. The furniture store tells him that the interest rate is only 1%/mo/mo and his monthly payment is computed as follows:
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