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You are told that if you invest $11,000 per year for 23 years (all payments made at the end of each year) you will have accumulated $366,000 at the end of the period. What annual rate of return is the investment offering?
Some critics of the emissions trading system have called on eu government to recind a large fraction of the carbon emission permits that they created when the system was first established. How would such an action, which would reduce the supply of th..
Do you think governments (including your own) should be allowed to use monetary easing policies to promote economic growth? (You can refer to your own research or the attached article "Is China Sparking A Global Currency War?". How do the various cur..
Using the Production function defined in (1) derive how much it would cost the firm to produce a particular level of production y. That is, find the cost function C(w, y). The video defines the Marginal Cost function of the firm (MC(w,y)) as how much..
If a firm can double inputs and, thereby, more than double output over the range of output the market demands, it is a. The tendency for the poorest risks to buy health insurance and the tendency of the insured to take more risks with their health ar..
Sidney makes $200 per week. She buys only two items: pizza and beer. The price of a pizza is $5 and the price of each beer is $2. What is the y-axis intercept for the above budget constraint? What is the x-axis intercept for the above budget constrai..
How could you use the concepts of marginal cost and marginal revenue to maximize profit? What information do you need to determine this? Without this information, how would you make a decision?
Consider the following production function f(k,l) = k^1/3 + l^1/3. Suppose the government taxes labor at by an amount t per unit of labor. Rewrite the long run cost function including the tax.
Medical costs are once again rising rapidly, forcing health care back into political prominence. This issue direct affects you as a student, family member, employer, and/or employee. The problem of medical costs is so pervasive that it underlies thre..
Discuss the significance of economic development to international marketing. Why is the knowledge of economic development important in assessing the world marketing environment? Explain.
The value of the action The cost of the action The difference between the benefit and the cost of the action
What happens to price and output in the Cournot, Bertrand, and Stackelberg models if marginal costs increase by 10 percent? The market demand is p = a ? bQ and the marginal cost is constant across firms, i.e. mc1 = mc2 = c. You may consider for two f..
Global outsourcing has cost the U.S. economy far more than one million jobs since 2001, or somewhere between 15 and 35 percent of the total decline in employment since the onset of the 2001 recession. What will it likely do to the overall level of U...
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