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The concept of balance of power is fundamental in international relations. What does it mean? How meaningful can it be at the beginning of the 21st century, given the impact of globalization and modern warfare in which one's opponents may not be attached to any particular state? Is it possible that it requires redefinition? If so, what should it mean? If not, why not?
The average starting salary for engineers for 2002 was $47,000. The average in 2015 was 65,000. If we assume salaries are tied to inflation, what has been the average yearly inflation rate for this period? And, what should we anticipate the salary wi..
Suppose that the nominal rate is 24%, and inflation is 6%. What is the real interest rate?
Show analytically that equilibrium price under Cournot is greater than price under perfect competition but lower than monopoly price.
Undergraduate student (age 22) gets a job that pays $49800 per year. Planning to retire at age 67, she decides to save 10% of her current salary each year. If she is able to get an average ROI of 5.8% per year, how much will she have saved when she r..
suppose demand and supply are given byqxd 7- 12px andqxs 14px-12bull determine the equilibrium price and quantitybull
A central bank that prefers to use monetary policy to target interest rates consistent with domestic goals--low inflation, low unemployment, and high growth--will most likely pursue:
q1. marital sorting and income inequality. how have marriage trends widened the gap between low-income and high-income
When the accounting profit equals the implicit costs, the firm earns
Honda uses flexible plants in manufacturing of its cars. Discuss where this method of production results in optimum output.
Assume that a firm's only variable input is labor. When 50 workers are used, the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500.
Under the cost minimization rule, when will a firm employ only human labor? Why does the cost minimization rule suggest that it is unlikely a firm actually would replace human labor entirely with robotic inputs?
Illustrate what price should the owners of blue skies set for engines in order to avoid this problem and maximize overall profits.
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