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Describe and categorize the major types of firms (sole proprietorship, partnership & corporation) in the united states and the various advantages and disadvantages the of each. in addition, summarize the typical management structure of each business organization including financing challenges. in your analysis, comment on corporate governance, separation of ownership from control of each. Is the growth of small businesses important to the us economy? Why?
It costs $30,000 to retrofit gasoline pumps at your filling station so the pumps can dispense E85 (85% ethanol and 15% gasoline). If your station makes a profit of S0.08 per gallon from selling E85 and sells an average of 20,000 gallons of E85 per mo..
Cooperation between the two prisoners in the prisoners’ dilemma game is difficult to maintain, because. Assuming competitive markets, a worker’s contribution to revenue is given by the. The business-stealing externality associated with monopolistic c..
Based on your graphical analysis, explain the predicted impact of Mr. Buchanan's proposed policies. Specifically state what happens to the exchange rate, the trade balance, the volume of imports, and the volume of exports.
a) Alalyze full the assumption of "homocedasticity" of a CLRM. Moreover, which are the differences wit heteroscedasticity? (b) Analyze fully the assumption of specification bias and use an example to show your intuition.
The Federal Reserve decreases the required Reserve Deposit ratio and it now equal to 20%. Show the new balance sheet of the commercial bank. Find the new money supply in the economy.
What are the two main assumptions underlying the “neoclassical” theory of a short-run labor demand curve that is declining in rising wage rates (i.e., the “Law of Demand”)?
Sam has three investment opportunities. The first one will require an initial cost of $100,000 and will return $150,000 one year from now. The second investment requires an outlay of $200,000 and will return $300,000 after one year. Which investment ..
Suppose a monopolist has cost curve C(q) = 10 + 3q + 0.1q 2 and faces demand q = 12 ? p. Find the monopolist price and quantity. Return to the situation in (a) with only one market. What would be the monopolist profit?
What is the total profit? What is the average cost per unit? What is the breakeven quantity (round up to the nearest whole unit)? If variable cost increases to $0.70, by how much will profit decrease (compared to your answer in part A)?
A country has a fixed exchange rate and pursues and expansionary monetary policy. Explain, in word, any symbols what will happen. How is external balance affected? Is monetary policy effective?
Please consider a product that has five different price points per unit: $100, $200, $300, $400, and $500 find out the corresponding Quantity Demanded (Qd) and Quantity Supplied (Qs) from the following two equations: Demand equation, Supply equation.
Identify an economic issue that both parties address and compare and contrast their views on that issue. Generally speaking, how much of the disagreement is based on normative economics compared to positive economics?
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