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1. Compares interest rates available for savings accounts at different banks. what is the range of rates currently being offered? what is the best deal?
2. Comparisons between credit cards. briefly explain the factors that are considered in the comparisons. based on your findings, which credit card would you choose? Give references.
Consider the case of a corn producer. This producer is a monopolist in the corn market. Since corn production uses significant amounts of fertilizers, it negatively affects the environment. Recall that, when a firm is a monopolist, it reduces its pro..
What happens if the price floor is above the equilibrium? and what happens when price ceiling is below the equilibrium?
According to the aggregate demand/aggregate supply model, all of the following are effects of increased prices except
The kinked demand curve model can be used to explain the sticky prices n markets characterized by oligopoly. A typical kinked demand curve consists of two straight lines joined at the kink. ( a piece -wise linear where P is price (in dollars and Q is..
A property is sold for $530,000 with selling costs of 7% of the sales price. The mortgage balance at the time of sale is $150,000. The property was purchased 5 years ago for $385,000. A) What is the adjusted basis for this property? B) What is the ta..
If a painter tells you that he would spend $30 on a respirator (but not $31) that protects him from paint fumes that produce a 0.01% chance of killing him? How much cash value would you say that he places on his life?
What is market failure? If market failure is present, does this imply that government intervention will lead to a more efficient allocation of resources? Why or why not?
Andy purchases only two goods, apples (q1) and kumquats (q2). He has an income of $40 and can buy apples at $2 per pound and kumquats at $4 per pound. His utility function is U(q1,q2)=3(q1)+ 5(q2). What is his marginal utility for apples and what is ..
What are the ethical issues in this case? Who are the stakeholders and what are their stakes? When dealing with VOIP, how do you decide between freedom and protection when enhancing one diminishes the other? On what basis are you making your decision..
q.the table below explain how is the aggregate demand and short-run aggregate provide schedules of a country in which
Compute only the arc elasticity. So by using the midpoints formula, for this family, the price elasticity of demand.
Using graphs illustrate the effect of increased tariffs for imported steel in the domestic product market for steel and the domestic labor market for steel workers. Using your graphs, indicate the cost to consumers of each job saved in the steel indu..
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