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It is well documented in scientific research that smoking is harmful to our health. Smokers have higher incidences of coronary disease, cancer, and other catastrophic illnesses. Knowing this, about 30 percent of young people begin smoking and about 25 percent of the U.S. population smokes. Are the people who choose to smoke irrational? What do you think of the argument that we should ban smoking in order to protect these people from themselves?
Suppose the ratio of deposits that banks hold in the form of reserves is 7 percent. Suppose further that people want to hold 8 percent of their deposits in the form of cash. Then if the fed wants the money supply to be $6,228 billion, what is the ..
solve the following linear programming model graphically. in addition write the problem in standard form and do a
Sharon sells a government security worth $4,600,000 to the Federal Reserve Bank of Kansas City. She then deposits the funds in her checking account at First Commerce Bank. Her checking account had a $150,000 balance before this deposit.
Draw a supply curve and two demand curves to represent the two equilibria described.
Now building on this example, should the actual social security system lead to early retirement? Why or why not? What is the evidence on the impact of social security on the retirement decision in the United States and elsewhere?
Market economies which honor the rule of contract law can be found in the First and Third Worlds. What does this suggest about the importance of culture and the adverse side effects of globalization?
Explain this tendency of industrial clusters to break up in terms of the theory of external economies.
Harriet enjoys watching both American Idol and Desperate Housewives on television. Her preferences correspond to the utility function U(A,D) = 2A + 4vD, where A stands for the number of hours she watches American Idol and D
The objective function measures profit, it is assumed that every piece stocked will be sold. constraint 2 measures time to set up the display in minutes. Constraints 3 and 4 are marketing restrictions.
find the mean and the variance of the number of candy bars you need to eat to find a ticket.
Suppose that Glitter Gulch, a gold mining firm, increased its sales revenues on newly mined gold from $75 million to $150 million between one year and the next. Assuming that the price of gold increased by 100 percent over the same period.
(a) Calculate profit-maximizing output (b) Calculate Price at profit-maximizing point (c)What is the variable cost function A firm has the following Price and Cost functions
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