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Identify a good or service that you've purchased in the past week. Identify a substitute for that good or service.
The Clean Air Act aids new entrants in a regulated industry when demand increases and provides an incentive for existing firms to invest in new antipollution technology by:
Higher risk-averseness will: a) increase the demand for health insurance b) reduce the demand for health insurance c) have no impact on health insurance demand
How should business managers cope with Business cycles? provide examples to elaborate how unemployment, inflation risk and moral hazards are the major problems in the business cycles.
William is the owner of a small pizza shop and is thinking of increasing products and lowering costs. William’s pizza shop owns four ovens and the cost of the four ovens is $1,000. Each worker is paid $500 per week. What number of workers appears to ..
q1. explain and show graphically the effect on the supply and demand for bonds in a deflationary period. what is the
If a person with utility from income is U = ln Y (where Y is income) and an initial income of $50,000 faces the risk of losing all of her income except a dollar with a likelihood of one percent, what is the most you could charge such a person for ful..
Suppose you are interested in the population of students Northwestern University. a. Give an example of using descriptive statistics to learn about this population. b. Give an example of using inferential statistics to learn about this population
Bryan's muffins, Inc., generated $5,000,000 in sales during 2013, and it's yearend total assets were $2,500,000. Also at year end 2013, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $2..
The MC curve of a profit maximizing firm must increase and cuts its MR curve from above at the firm's maximum output. The MC curve of a profit maximizing firm lies below its MR curve then rises and cuts its MR curve from below at its profit maximizin..
How are resources allocated in market and centrally planned economies?
Consider the market for electricity. Suppose demand (in megawatt hours) is given by Q = 50 − P and that the marginal private cost of generating electricity is $10 per megawatt hour (P is in the same units). Suppose further that smoke is generated in ..
Suppose that there is a market for Christian books in California. A series of strong earthquakes occurred in 2014, causing landslides, fires, building and roadway collapse. At the same time, a lot of people died or lost their homes. Discuss this usin..
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