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How many of you are familiar with the term 'rent seeking'? This is when a company, organization or individual uses THEIR own resources to obtain an economic gain from others without reciprocating any benefits back to society through wealth creation. Knowing this, how does rent seeking relate to elasticity?
Why does the SRAS slope upward to the right. What exogenous force determines the overall position of this upward sloping curve on the graph? Show how this decision would affect the SRAS, price level and income level on your graph from the short run i..
The positively-sloped part of the long-run average total cost curve is due to which of the following?
If the value of jan's retirement portfolio increased from $210000 to 489000 over a 14 year period with no deposits made to the account over that period, what annual rate of return did she make?
Joe makes monthly deposits of $1,000 into an account with an NAR of 8% and weekly compounding. What will this be worth in 5 years? (This can be done by converting both the rate and payments to weekly, monthly or annually)
Take the first, second, and cross derivative of F(K,N). Explain what the sign of each one means. Divide the function by N and show that the function can be written as F(K,N) = (KN)↵. Letting k = KN, express F(K,N) as a function of just k and let that..
Consider a project with an initial investment of 2 million and annual savings start at $900,000 dollars on year one with yearly increments of 5%. The life of the project is 7 years. The maintenance cost start at 200,000 dollars per year and increase ..
The banking system currently has $100 billion of new reserves, none of which are excess. People hold only deposits and no currency and the reserve requirement is 10%. If the Fed lowers the reserve requirement to 8% and at the same time buys $10 billi..
Use an example of a foreign currency and discuss how it has changed in price relative to the U.S. dollar over the last year. Discuss how exchange rates affect domestic economic activity. Include the supply and demand factors that moved the relative p..
What is the decision facing GetFeedback? what factors are important in understanding this decision situation? what are the alternatives? What decision(s) do you recommend? What are some ways to implement your recommendation?
Two canadian workers, Dan and Nikki, can each produce stoves of apples. Dan can produce either 140 pounds of apples or 1 stove per month. Nikki can produce either 80 pounds of apples or 1 per month. what is the most of each good that canadians can co..
Explain what type of labour market interference is most often experienced by men and which type is most often experienced by women. Make sure you define each of the two types of interference.
The five dollar Burger Joint gift card that your friend gave you for your birthday expires today. You can either use the gift card to buy yourself dinner at Burger Joint or you can stay home and eat a delicious home-cooked meal. What is the opportuni..
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