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When describing the impact of unemployment on the economy consider regional differences (for the U.S.) in types of unemployment across the country and what this implies for that region and the country as a whole. For example, if you believe "structural unemployment" is higher in a particular region of the U.S. then explain why it is so and what this implies for that region and the country as a whole.
If all production processes were subject to constant returns to scales for all output levels, monopolistic competition would not lead to the problem of “excess capacity”. Monopolistic competition is characterized by free entry and exit so in the long..
Ted is renting a house, and it does not have a refrigerator. A refrigerator is worth $2.75 every day because Ted will eat out less. Ted has a discount rate of 17%. Refrigerators usually last 6 years. Ted buys a $2500 refrigerator on the finance plan...
Mutual funds are run by managers who try to pick stocks and charge management fees are examples of active investment. Similarly, mutual funds that mimic a broad stock market index, or index funds, are examples of passive investment. Which of the stat..
What key difference distinguishes an indirect from a direct price discrimination scheme? Bundling different items together helps sellers extract more consumer surplus by.
Determine the maximum purchase price you should be willing to pay now for a 6%, $10,000, 10-year bond with interest paid semiannually, if we assume your MARR is 8% per year, compounded quarterly.
In february 2014, hostilities escalated between Russia and Ukraine over Crimea. Predict the effects of these hostilities on the exchange rate between the U.S. dollar and the Russian Ruble? which now find themselves more competitive with Western impor..
Suppose you are the CFO of a bank. Customers' deposits, on which you pay an interest rate of 5%, account for 90% of you loanable funds, and the rest 10% of the funds come from the federal funds market, where you can borrow funds at 8%. What is the b..
Consider the difference between empirical scientific evidence and anecdotal evidence. Explain which is considered more useful to the study of public policy and state why. Provide appropriate examples and support for your rationale.
What Should we be Doing with Welfare Policy and Why? You are asked whether current antipoverty policy meets three generally accepted goals of helping, preserving work incentives, and minimizing cost and what changes you would favor and why.
Call Us demand function is Q = 70 – 0.25P; MC = 16Q and total fixed cost (TFC) is 22% of total revenue (TR) at the revenue maximizing level. (i) Derive the AFC (average fixed cost) at the profit maximizing level. (ii) What is the profit at the profit..
The time required for one team of employees to produce the first item is 100 hours. The learning curve percentage for unit number 70 is established to be 88%. what amount of time will they need to produce unit number 130?
All parties make a single bid. But do not disclose the bid to peers. The organizer chooses the maximum (or minimum) bid as the winner. What are benefits of such a system as opposed to normal auction where bidders openly declare the bids and keep upda..
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