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Assume this: Each society in the nation is suddenly responsible for designing its own local commodity based financial system, and you have been assigned the task of selecting what commodity your society will use and how it will be implemented.
Please answer:1. What commodity would you choose, and why would it work for your community?2. In your commodity-based system, what would be the price for a gallon of milk? How did you come up with this price?3. In this system, who would the financial intermediaries be?4. What are the inevitable limitations of this system, particularly when it comes to dealing with trade to other communities?5. When looking at commodities, you will find that these are things that have particular value. Why do we want to consume more commodities when there is inflation?
The following table is the pay off matrix for zero sum game. Estimate the each players dominated strategy of the following zero sum game?
Suppose you have some information on a sample of investment bankers, and are interested in impacts of height and of seniority on their success.
Assume that you have a normal distribution with mean =0 and variance =1. Assumee you control a likelihood test for mu =.07 and another likelihood test for mu =8.
Suppose that you have just been employed as a consultant to help a company decide which of 3-options to take to maximize the value of the company over the next three years.
The Australian government administers two programs that affect the market for cigarettes.
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
A pint of British marmalade costs a United States customers $10. Assume that the dollar depreciates against the British Pound, the pint of British marmalade for the United States customer will cos
A student is taking two courses, history & math. The probability the student will pass in the history course is .60 and math is .70. The probability of passing both is .50.
The price earnings ratio for each stock is determined through dividing the value of a share of stock by the earnings per share reported by the firm for the most recent 4-quarters.
You are attending the yearly shareholder's meeting of PIC firm. A fellow stockholder points out that manager of PIC received $100,000 last year, while the manager of a rival company, CUP Enterprises, earned only $50,000.
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
3-defective electric toothbrushes were accidentally shipped to a drug store called Clean brush items along with seventeen non-defective ones.
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