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Anne acted as Jingo's agent for maintaining Jingo's rare coin collection, including the sale and purchase of rare coins for many years. Anne developed a drug habit in the recent past. She then sold some of Jingo's coins and kept some of the money for herself to buy drugs. Soon thereafter, Anne was declared bankrupt. The state then notified Anne that she had sold the maximum allowable value of coins in a year without getting a rare coin dealer's license. Shortly thereafter, Jingo died, which no one knew about until many weeks later. Discuss the effect of these events on the existence of the agency.
What differentiates accommodating, extinguishing, and neutral policy responses to an adverse supply shock? What happens to the rate of inflation and the output ratio in each of the three cases?
Show the relationship between EV, CV, and consumer surplus using compensated and uncompensated demand curves. If you your income is $ 1million,you spend $100 on good 1, and income elasticity was 0.02, does it matter whether you use EV, CV, or consu..
Credit card companies are readjusting interest rates and the amount of annual fees. Should this be allowed or should the Government limit the discretion of the credit card companies. How should the Federal Reserve Bank exercise it’s authority in this..
Society and economy have undoubted changed in many ways over the past 100 years. But do these changes add up to a fundamental change from the capitalist system of the 19th century? Discuss with reference to
Write an analysis on the prevailing economic conditions in Canada and globally. Your report must include discussion on common economic indicators, and the analysis should be current.
Carefully draw a graph showing cost and revenue curves for a monopoly. Be sure to label the curves and axes. Because you'll have several things to do on this graph, draw a large scale graph.
Assume that a piece of property is purchased for $200,000. A 20% down payment is made and the rest is financed through a 15-year mortgage loan with a 5 1/4 0/0 annual interest rate, compounded monthly.
honda uses flexible plans in the manufacturing of its cars. discuss whether this method of production results in
What are the characteristics of a population for which it would be appropriate to use mean/median/mode? When would the characteristics of a population make them inappropriate to use?
Suppose that the Fed raises the discount rate, causing a decrease in discount loans to the banking system. Assume that the decrease equals $950 in discount loans. Show how this change in discount loans affects the liabilities and assets of the Fed an..
If a scaper-hauler that was purchased 8 years ago is sold today for $25,355, the payments for the piece of equipment were $38,355.67 per month, the owner derived an annual benefit of $475,000 for each of the 8 years of ownership, and the interest rat..
Distinguish between explicit and implicit costs, giving examples of each. What are some explicit and implicit costs of attending college 2. Distinguish between accounting profit, economic profit, and normal profit. Does accounting profit or econom..
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