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1. (Barter) Define a double coincidence of wants and explain its role in a barter system.
2. (Money Versus Barter) "Without money, everything would be more expensive." Explain this statement. Then take a look at a Web page devoted to barter at https://www.ex.ac.uk/~RDavies/arian/barter.html.What are some current developments in barter exchange?
Which states were highest and lowest in per capita property taxes? Were they the same states that were highest and lowest in property taxes as a percent of personal income? If not, explain the difference.
Suppose Carl's wage-schooling locus is given by Years of Schooling Earnings Derive the marginal rate of return schedule. When will Carl quit school if his discount rate is 4 percent What if the discount rate is 12 percent
What would happen if the government decides to outlaw geographic rate differentials, given that the government cannot force private insurance companies to provide insurance against their will?
Given what you know about opportunity costs, how would interest paid on checking affect the demand for money?
quantity price/dollars total revenue total variable costs dollars total cost dollars 0 22 0 0 50 20 20 16 66 2 19 38 3 18 54 45 95 4 17 68 59 109 5 16 80 75 125 6 15 90 93 143 7 14 98 112 162 8 13 104 140 190 9 12 108 180 230 10 11 110 230 280
A loan of P0 which accrues an interest i per period is to be paid of with a uniform gradient annuity with initial payment A and gradient G over n periods. Thus, the change in the amount of principal is governed by Pn =Pn-1(1+i)-A0 -(n-1) G (1)
There are two sectors of the construction industry that currently pay their employees the market-clearing wage. The demand for labor in each sector is MRPL = 12 - L,where L = the number (in thousands) of workers. The supply of labor in each sector..
QD = 140,000- 25,000P QS = 20,000 + 75,000P, where Q = daily sales in 6 packs of beer, and P = price per 6 pack. The city has hired you to provide the following information regarding the beer market and the proposed tax.
Suppose the demand for Cardinal's World Series tickets is Qd = 48, 061 ? 2.4P (for the purposes of this problem, we will suppose that fans do not care where they sit). The Cardinals play at Busch Stadium, which has a seating capacity of 46,861. Th..
From 1992 through 1999, the average annual return to holding common stocks was 16 percent and the average annual percentage growth in business fixed investment was 8 percent. How would q theory link these changes? Empi
Why might this legislation increase aggregate surplus? Why might it lower it?
What are the highest and lowest payments from the writer that the beekeeper-farmer team will accept for the sixth day Assuming that the farmer can dispose of the $7 from the writer as she wishes, what range of payments will the beekeeper accept
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