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Assume you have a customer who would like to track inventory including vendor (where the product comes from) and customer (who the product is sold to). What needs to be done to create this database?
The intuitive criterion by Cho and Kreps is a refinement to minimise the set of perfect Bayesian equilibrium in signalling games. What would a simple and intuitive example to explain this criterion be?
Briefly explain the theory of reciprocal demand. How does it provide a meaningful explanation of the international term of trade?
Eric wants to buy September soybean futures because he believes that soybean prices are going to rise. He enters an order to buy one contract at $8.7725/bushel. The brokerage firm is going to charge Eric $35 commission to trade the contract. Assume i..
When a construction possibilities frontier is bowed out, away from the origin the opportunity cost of a good.
You have borrowed $50,000 at an interest rate of 12%. Equal payments will be made over a three-year period. The first payment will be made at and of the first year. What will be the annual payment be?
In November, sugar prices decreased 1% to 16.26 U.S. cents a pound. Sugar prices are down almost 17% so far this year, reflecting an oversupply of sugar on global markets. Brazil is the world’s largest sugar supplier, producing approximately 35 milli..
Federal laws governing compensation raise important issues for both employers and employees.
Florida is considering construction of a flood control dike having a life span of 16 years. The investment require is $60,00 and annual maintenance costs of $5,000. The project will provide no benefits for the first two years but will save $24,000 pe..
Comment on the following quotation: "One way that a minimum wage could result in expanded employment is if the government sets the minimum below the market equilibrium wage."
The Performance by Patrice (PbP) Company purchased a Centaur Computer controlled manufacturing milling machine for $635,000 for use in its rear end manufacturing operations on November 8, 2007.
Which of the subsiquent statements is (are) generally true assuming a mound shaped distribution.
How is the US Economy like a small, open economy? How is it like a closed economy? What is the relation of the domestic interest rate to interest rates in the rest of the world?
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