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An armada of spaceships that is 1.001y long (in its rest frame) moves with speed O.SOOe relative to a ground station in frame S. A messenger travels from the rear of the armada to the front with a speed of 0.950e relative to S. How long does the trip take as measured in the messenger's rest frame.
Which of the pairs of goods above is likely to be nearly perfect substitutes and which likely to be nearly perfect complements? Explain.
If a primary auditor is significantly dependent on the work of another auditor, what reviews and substantive tests should they conduct?
The widget industry in Springfield is competitive, with numerous buyers and sellers. Consumers don't differentiate among the various brands of widgets (no product differentiation). The industry demand curve is given by: Qd = 998 - 5Pw + 4 Y - 6Pg
Suppose the last five motels are "cut-rate" motels. Describe how you would select a random sample of three regular motels and two cut-rate motels. Three can be chosen from the first 20 motels in how many ways
Suppose the government transfers 100 units of B's good 1endowment to A. How will the consumers' choices of good 1 in competitiveequilibrium change? Explain. (You should answer without repeating the utilitymaximization calculations.)
Matt is a 25 year old engineer, and his salary next year will be $60,000. Matt expects that his salary will increase at a steady rate of 5% per year until his retirement at age 65. If he saves 10% of his salary each year and invest these savings
given a set of data with years ranging from 1959-1999, GDP in billions, Transfers from the rest of the world, GNP in billions, Growth rate real GDP in %, and popualtion in thousands. I have been asked to calculate income(factor)transfers from the ..
How do North and Thomas define efficient institutions
If they both choose the Casual line, they will each make profits of $1000 per week. If Bells chooses Formal while Follies chooses Casual, then Bells will make $500 and Follies will make $1500 per week. If Bells chooses Casual while Follies choos..
the T-account for First City Bank, the only bank in a small economy. In addition to the bank deposits of $500,000, citizens hold $200,000 in coins and currency. what will the new level of reserves be before the bank
A project has a life of 10 years, and no salvage value. The firm uses an interst rate of 12% to evaluate engineering projects. The project has an uncertain first cost and net revenue. First Cost P Net Revenue P -- $300,000 0.2 $70,000 0.3 400,000 ..
A monopolist has a linear inverse demand of: P(q) = 100 - (1/4)q and has a cost function of: C(q) = 2438 + 4q What are the monopolistic market price, quantity and prots
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