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Q1. Why was the Teamsters Union so opposed to allowing Mexican truckers to deliver their goods in the United States? As a consumer, do you agree with the Teamsters? Why or why not?
Q2. Assume an interest rate of 7% in answering the following question.
(a) You would be indifferent between getting $12 now and X dollars two years from now. Illustrate what is X?
(b) Illustrate what is the present value of an asset that pays $20 one year from now, $15 two years from now, and $45 ten years from now?
(c) Illustrate what is the formula for the present value of an asset that pays $8 per year every year for the next 10 years, and nothing thereafter? Use the formula to compute the present value of this asset.
(d) Illustrate what is the formula for the present value of an asset that pays $8 per year forever? Use the formula to compute the present value of this asset.
Suppose we only use labor in a production run. How do we determine the optimal level of labor input in the short run? In other words what condition must be met
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
Explain should decision management as well as decision control be separated.
Gary has two children, Kevin and Dora. Each one consumes "yummiest" and nothing else. Gary loves both children equally.
Suppose that the market for wheat is characterized by the following demand and supply relationships.
More than 85% of McDonald's restaurants around the world are owned by independent franchisees.
A construction company is bidding on a project comprising five high-rise buildings to be erected one after the other.
How to design an experiment to test the theory that changing the oil of the new backhoes and forklifts will reduce repairs.
What role does Mudaraba allow IAH, in their capacity as Rabbul Mal.
Numerous times in the lectures labelling the vertical axis as euro per $ and the initial supply and demand curves labelled with 12/07, Label this initial point as point A.
What is the total market demand for poly-glue at the price established by Alchemy. How much of the total demand will the follower firms supply.
the changes that would occur to the jalapeno pepper market if suddenly Mexican food became popular, especially spicy Mexican food.
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