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Does it make sense for us to punish a murderer when we are going to commit a murder ourself when we give death penalty?
The Pedernales Electric Cooperative estimates that the present worth now of income from an investment in renewable energy sources is $12,475,000. There will be no income in years 1 and 2, but in year 3 incomes will be $250,000, and thereafter it will..
Imagine you are a member of Congress. Since consumer spending comprises at least 2/3 of real GDP, you know that increasing that spending would boost the U.S. economy in the short run. During a press conference, a member of the press asks you what you..
A firm produces both crayons and pencils in constant proportions (1/3 and 2/3 respectively). Its costs are C(q1;q2)=1000+10q1+5q2+9q1q2, where q1 is the output of crayons and q2 the output of pencils. Calculate its minimum efficient scale (MES) of pr..
During our first class I presented a list of 18 domestic and global factors that impact an economy and companies/organizations within the economy. Select any three factors from this list and explain how they have impacted your company/organization an..
In class, we discussed a first price sealed bid auction with two bidders. Each bidder’s valuation v was a random draw from the interval [0, 1] according to the uniform cumulative distribution function F(v) = v for 0 £ v £ 1. Now suppose there are n ≥..
In its effort to reduce the time value of money, the Federal Reserve System began aggressively increasing the supply of money through Quantitative Easing. What is true and what is false about the above statement? Explain
q1. why might a company use an indirect cost discrimination scheme versus direct cost discrimination?q2. starting with
Classify each of the following as debits or credits in the U.S. balance of payments. Americans buy chocolate from the Swiss. U.S. What will happen to a country that fixes the price of foreign exchange below equilibrium?
Suppose $1.69 = £1 in New York and $1.71 = £1 in London. How can foreign-exchange arbitragers profit from these exchange rates? Explain how foreign-exchange arbitrage results in the same dollar/pound exchange rate in New York and London. (£ represent..
The development of early trade theory was influenced by the debate? These are the muliple choice answers maybe that will help you but it is an actual question.
Suppose that a monopolist faces the demand curve: Q=a-bP, where a and b are constants. Show that his marginal revenue curve is given approximately by the equation: MR= a - 2Q/b
A more serious problem with input-based pay systems (e.g., a wage her hour), relative to an output--based system, is:
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