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Assume that before the ice storm of 2003, the weekly demand and supply for ice in the Rochester Metro Area was given by the following equations:
D-pre: P=100-Q
S-pre: 5+0.5Q
a. Draw a graph representing the Rochester ice market before the storm and label it carefully. What was the equilibrium price for the Rochester ice market before the storm? And the total quantity of ice traded?
Assume a currency swap in which two counterparties of comparable credit risk each borrow at the best rate available, yet the nominal rate of one counterparty is higher than the other
Drugs 'R Us operates a mail order pharmaceutical business on West Coast. The company receives an average of $325,000 in payments a day.
Assume the inflation rate in Canada to be 5 percent per year for the indefinite future - How much would a Canadian dollar, at the end of 10 years, be worth in terms of today's dollar?
Reflecting back on what you learned about sustainable management practices throughout this quarter; determine 5 activities that illustrate sustainable management of resources that you pursue in your everyday life.
How much can Wells Fargo lend to developer who will repay the loan by selling first 6 view lots out of 13 lots at $190,000 each 2 year from now? Assume the bank will lend at a nominal 14% per year, compounded semiannually.
Describe the benefits and costs associated with each type of externality. What happens to the Supply and/or Demand curve.
Illustrate why do economists pay more attention to national economies than state or regional economies.
Microhard has issued a bond with the following characteristics:
Elucidate your answer also describe terms relevant to elasticity used in your explanation.
Calculate the book price and quantity effects of the local 8% sales tax. With perfectly elastic demand, who pays the economic burden of such a tax?
Formulate a reason why the elasticity of demand is an important consideration when analyzing the impact of a shift in supply and why the elasticity of supply is an important consideration when analyzing the impact of a shift in demand. Include at lea..
Assume that in the short-run the firm’s labour input is fixed at 10 unit. What is the short-run average and marginal product functions?
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