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A study sponsored by the American Medical Association suggests that the absolute value of the own price elasticity for surgical procedures is smaller than that tor the own price elasticity for office visits. Explain why this would be expected.
Discuss the strategy of your organization according to the specificities of your business environment - explain how your organization can achieve significant cost savings and marketing benefits through the use of the internet technology.
Suppose Leonard, Nixon, & Shull Corporation's projected free cash flow for next year is $100,000, and FCF is expected to grow at a constant rate of 6%. If the company's weighted average cost of capital is 11%, what is the value of its operations?
Under the EU merger regulations, preapproval is not needed under which of the following conditions?
What is the outcome of the case and whether you agree with the final decision and why?
Andrew thinks the government should, most of the time, butt out. He thinks the economy can work things out best on its own and that human judgment is just too flawed to apply to such important things as people's incomes and spending ability. Andrew w..
ABC Corporation's recently issued bonds paying interest semi-annually and maturing in 10 years. The face value of each bond is $1000, and 6.8% is the nominal interest rate. What is the effective interest rate an investor receives?
In what ways does the Krugman model of trade differ from the Heckscher-Ohlin model of trade? In what ways does the Linder theory of trade differ from the Heckscher-Ohlin model of trade?
A country which does not tax cigarettes is considering the introduction of a $0.40 per pack tax. The economic advisors to the country estimate the supply and demand curves for cigarettes as: QD = 140,000 25,000P QS = 20,000 + 75,000P, where Q = daily..
Why should the government intervene in situations of market failure? Should the government intervene if a market is fully efficient, why? What additional rationals are present if there is inadequacy in the market?
What is virtue ethics? How is it different from the ideas of utilitarianism or those of Kant? What are the two main components of Aristotlean Virtue Ethics?
Consider the following statistics for some economies. Assume the exponent on capital 1/3 and that labor composition is unchanged. For each economy compute the growth rate of TFP
Find the optimal (x, y, λ) for max u(x,y)= kx^ay^b s.t. PxX+PyY = m, in terms of the parameters of the model. Prove that the optimal (x,y, λ) is indeed a maximum. Comment
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