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"Indeed, it has been said that democracy is the worst form of government," said British Prime Minister Winston Churchill (1874-1965), "except all those other forms that have been tried from time to time." Some people make the same claim about more marketoriented forms of economic systems. What do they mean? Do you agree or disagree?
.What are the equlibrium quantities (q1, q2 %u2026 ,q10)?. A-q1, q2 %u2026 ,q10 = 2B-q1, q2, %u2026 ,q9= 2 q10=1/2c-q1, q2, %u2026 ,q9= 3/2 q10=1/2d-q1, q2, %u2026 ,q9, q10= 3/2e- q1, q2, %u2026 ,q9= 3/4 q10=1/2f-q1, q2, %u2026 ,q9= 3 q10=1/2g-non..
A major pension fund is interested in purchasing Barrett's stock. The pension fund manager has estimated Barrett's free cash flows for the next four years as follows: $3 million, $6 million, $10 million, and $15 million.
the most efficient production technology available for making vitamin pills has the cost structure given in the following table. Note that output is measured as the number of bottles of vitamins produced per day and that costs include a normal pro..
Evaluate the role of public opinion, interest groups, and political parties in the political system.
1. suppose a local food retailer firm has the following cost function that depends on the daily sales of two goods soft
Plant A is much more highly automated than plant B, which in turn is more highly automated than plant C. For each type of plant, average variable cost is constant so long as output is less than capacity, which is the maximum output of the plant.
a) What is her willingness to pay b) If she had bought the iPod on sale for $70,what would her consumer surplus have been c) If the price of an iPod were $200,what would her consumer surplus have been
A group of enterprising engineering students has developed a process for extracting combustible methane gas from cow manure (don't worry the exhaust is odorless). With a specially adapted internal combustion engine, the students claim that an auto..
A man makes an investment every 3 months at a nominal annual interest rate of 28%, compounded quarterly. His first investment was $100, followed by investments increasing $20 each 3 months.
The costs of providing this consumer with insurance are CI(θ)= α + 2βθ where -0.5
A. Calculate the opportunity cost of an increase in the numberof hours spent studying in order to earn a 3.0 grade poingaverage(GPA) rather than a 2.0 GPA. B. Is the opportunity cost the same for a move from a 0.0 to a1.0 GPA
Consider a Cournot duopoly with the inverse demand P = 260 2Q. Two firms compete choosing their quantities. Both firms have constant marginal and average cost MC = AC = 20. a. Find each firm's best response function.
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