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What is the different between solution and recommendation?
Explain the formation of the modern nation-state in the West. Why did it happen? How? What were the major forces at work? Where did it develop first and what were/are its characteristics?
Harvery is faced with a lottery where he has a 25 percent chance of winning $10, a 25 percent chance of winning $30, and a 50 percent chance of losing $30. What is the expected value of the lottery? Will Harvey accept the lottery if he is risk neutra..
Assume that for a perfectly competitive firm marginal revenue equals rising marginal cost at 100 units of output. At this output level, the firm's total fixed cost is $600 and its total variable cost is $400. If the price of the product is $10 per un..
State the heckschel-ohline theorem. According to the theorem, predict which country will export cheese? Which will export wine? State other assumptions necessary to draw a conclusion here.
Tony Taxpayer earns $2000 in income. Income is taxed at 20%. Tony can underreport his income to the IRS and pay taxes only on the amount he reports, but should he be audited, the IRS will impose a surcharge of 200% on his unpaid taxes; Calculate Tony..
1. Derive the value of the slope for demand curve. 2. Solve for the equilibrium price and quantity. Assume the price is expressed in dollars and the quantity is defined in 1,000's of units.
Could trade help reduce poverty in Brazil and other developing countries. How do product and factor prices and wages eventually equalize between the two countries.
A supply curve is given by QS= -400 + 10PX - 5PI - 0.35PZ Where QS = quantity supplied of good X PX = price of good X PI = price of inputs to good X PZ = price
If the doctor wishes to maximize her profit, elucidate how many nose operations she should perform each month.
Can we conclude that the slope of the regression line is less than zero?
A waterpark is the only one in a small town. Based on past summer season’s ticket sales, they estimate that the relationship between the monthly demand D (in persons) and price of a ticket p (in USD/person) in the town is described by p=44-0.0005 D. ..
What would you expect to happen to the demand for credit cards by students? What would you expect to happen to the quantity of credit cards issued to students? To the willingness of students to incur debt at the much higher rates of interest charged ..
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