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A small city is beginning to experience a large population growth of 10% per year. At the end of 2010 the population was 16,000 people. If the growth rate continues, how many years will it take for the population to triple?
A dealer in Singapore quotes S$ 1.7430/$ while a dealer in Paris quotes $0.8610/€. What should be the direct quote for the Euro in Singapore? Another dealer in Frankfurt quotes €0.6680/S$. Is there an opportunity to arbitrage for an American investor..
The price of gasoline rising increasing the quantity demanded of the Toyota hybrid Prius, thus gasoline and the Toyota Prius are: (10 points) (Hint: What is the key fuel of the Toyota Prius) a.) Substitutes b.) Complements c.) Not related d.) Superio..
Compute the price of the machine, which will make purchasing or leasing to be equally costly.
Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve.
You own 2,200 shares of stock in Avondale Corporation. You will receive a $1.60 per share dividend in one year. In two years, Avondale will pay a liquidating dividend of $60 per share. The required return on Avondale stock is 20 percent. Ignoring tax..
Lotteries and expected utility. An expected utility maximizing decision maker declares that he prefers a lottery that pays $5 and $10 with equal probability to a lottery that pays $10 with probability 3 4 , and $0 with probability 1 4 . Which would t..
Draw the Hick's income and substitution effects for c1,c2 in c1,c2 space if the interest rate decreases to .05.
Create a timeline of the annual activity of labor/management collective bargaining from 1978 through 2009, providing a short synopsis of mergers, new carriers and company departure from the air transportation sector. Highlight the areas of most impor..
Two individuals, Andy and Beth, work on a joint project. If Andy chooses effort level x ≥ 0 and Beth chooses effort level y ≥ 0, then the total output equals 10x+10y+2xy. Maximize each player’s payoff function to find his or her best response functio..
Which is NOT a necessary characteristic for something to be accepted and used as money?
Two firms, A and B, each with a marginal cost of $50, form an oligopoly whose market demand is P = 650 ? 10Q. If the market is defined by Cournot competition, what quantity will they produce and what price will they charge?
Assume which the United States presently both produces kumquats and imports them.
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