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Several years ago, flooding along the Missouri and the Mississippirivers destroyed thousands of acres of wheat.
a) Farmers whose crops were destroyed by the floods were much worseoff, but farmers whose crops were not destroyed benefited from thefloods, why?
The utility function of a worker is represented by U(C,L) = C X L, so that the marginal utility of leisure is C and the marginal consumption is L.
Why does the aggregate demand curve slope downward? Give at least three reasons and examples when addressing this question, using your text, the Online Library, and the Internet as resources.
annual net income was $50.72 million. If EMC's estimated opportunity cost of funds is 10%, as an analyst how would you view the acquisition? Would your conclusion change if you knew that EMC had credible information that the economy was on the ver..
Grocery stores and gasoline stations in a large city would appear to be examples of competitive markets. There are numerous relatively small sellers, each seller is a price - taker , and the products are quite similar. a) How could we argue that t..
Calculate the Herfindahl index with the following data on market share: Breyer's 20%, Haagen Dazs 15%, Ben & Jerry's 12%, Edy's 17%, Healthy Choice 10%, and X Store brand 26%. 78 100 1778 1834
An insurance company is considering issuing three types of fire insurance policies: (i) complete insurance coverage, (ii) complete coverage above and beyond a $10,000 deductible, and (iii) 90 percent coverage of all losses.
What are some examples of goods that the U.S. has comparative advantage in producing Take a look at the tag of the shirt/dress/pants you are wearing today. Where was it made Anyone wearing "Made in America" items of clothing today
Coimpute how much the shortage or surplus is if there is any.
An online store that has been successfully growing on its initial angel investment and revenues wants to invest $5 million to expand the business.
Firms in Fredonia always invest $700 and net exports are zero, initially. The government budget is balanced with spending and taxes both equal to $500.
Suppose the economy is on a balanced growth path in the Romer model, and then, in the year 2030, research productivity rises permanently to z ? > z. a) Solve for the new growth rate of knowledge and yt b) Make a graph of yt over time (on a ratio s..
Consider the following interaction between two entrepreneurs (players 1 and 2) who are working on a joint project, and a venture capitalist (player 3) who is a potential investor in the project. First, player 1 decides whether to devote high or lo..
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