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Explain why industry expansion in response to rising prices will put even more upward pressure on price in the cattle price cycle. What happens to finally cause the turnaround at the peak of the cattle price cycle?
1.What is the purpose of entering a formal agreement for the development of an oil field ? 2.What are the objectives of the main parties when entering into such an agreement ?
The BB&T Bank offers to pay 2% per year, annually compounded interest on savings deposit. The Wells Fargo Bank pays 2% per year, quarterly compounded interest. A man who has $10000 to put in a savings account will leave all money in the account for 2..
Consider a copy shop with annualized fixed costs of $1000 and variable cost of $0.03 per page. The shop presently has orders for 100,000 copies at a price of $0.05 per page. What is the shop’s average cost (AC) without taking the new order? Is it les..
Discuss the General Agreement on Tariffs and Trade Give an example of a legal case(s) that analyze or whose decision discusses these laws/principles.
QUESTION: Julian, Claire and Mario are the three directors of a company called JCM Pty Ltd. The company runs an internet cafe in the city. The company has been renting a building in the city since 2012. The company has created its own constitution. T..
Two firms compete in quantities, selling identical goods, facing the demand function P(Q) = 130−q1− q2 where qi is the output level of firm i. Assume that firm 1 is more efficient than firm 2, MC1(q) = 10 and MC2(q) = 20. Find the NE quantities of th..
You bought a $100 used guitar and agreed to pay for it with a single $120 payment at the end of 6 months. Assuming semi annual (every 6 months) compounding, Calculate the nominal interest rate, Calculate the effective interest rate
What is a trading bloc and a trade concentration ratio, and does it make sense that trade concentration ratios should be greater than +1?
Prepare the Performance Requirements Summary for your recommended solution. Use the PRS template in the IT Economics document (see link below) titled "Performance Work Statements."
You will make 10 end-of-year deposits of $1000 to a savings account. Then for the next 5 years no more deposits will be made. At the end of the next 15 years the savings account will have $20000. Calculate the rate of return for this savings account...
Why would a US company choose to export a product to India rather than license India the right to produce the product locally
Classical economists struggled with the "Water-Diamond Paradox" which seeks an explanation for why water (which is very useful) has a low price, whereas diamonds (which are not particularly important to life) have a high price.
In 2012, WVU president James Clements’ base salary was $775,000. The head football coach, Dana Holgorsen’s base salary was approximately $2.4 million. Why is the football coach paid so much more than the president? Should the head football coach be p..
Toyota bonds are currently rated AA, and Ford bonds are rated BB, Suppose the price of 1,000 one year Toyota bond is 970$. What is the rate of return on the one year Toyota bond
Assume that the multiplier in a country is equal to 4 and that autonomous real consumption spending is $1 trillion. if current real GDP is $12 trillion, the current value of real consumption spending is $ ______ trillion.
Explain how new Classical and new Keynesian theory overcame their respective weaknesses/criticism as they borrowed from each other and are currently able to coexist successfully.
Why does the government intervene in the economy? Should they and what would the impact be if they did not?
Consider the competitive (private) market for widgets described by the following marginal benefit (MB) and private marginal cost (PMC) curves: MB = 100? 0.1Qd PMC = 4 + 0.06Qs, where Qs and Qd vary from 0 to 1000. Calculate both the consumer and prod..
q.representative consumers have the utility function ucls lnc ln1- lsrepresentative consumers have labor endowment of
Several organizations and individuals – usually advocates of a balanced budget – maintain National Debt Clock. Is national debt a worry for the economy? Economists do not agree on the answer to this question. How did the 1974 Congressional Budget Act..
Consider the following situation for the US economy and answer the following questions. Suppose there are 10 million people living in the US. in 2013, Obama has to spend $8 per capita in wages to government employees and $2 per capita in government e..
When a buyer's willingness to pay for a good is equal to the price of the good, the
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