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What is ethnocentrism? What is one belief you have as an American or as a member of another country that shows ethnocentrism? What can you do to avoid ethnocentric thinking? in 100 words or less.
At the end of the year, a firm produced 40,000 laptop computers. It's total cost were $10 million and its fixed cost were $5 million. What are the average variable cost (to the nearest dollar) of this firm?
I had a hard time grasping Straub and Werning (2014) (no paywall). I understand the general environment, but could someone explain intuitively what exactly the mistake in the original Chamley-Judd calculations was, related to the optimality of zero-c..
Caught up in broad social and economic disaster that swept the Mediterranean basin during the twelfth century BCE, what seems to have happened to the civilization of people.
The business cycle is measured in terms of changes in real Gross Domestic Product and is associated with changes in the unemployment rate. The financial performance of most industries is affected by the business cycle, although not equally. Consider ..
A statistics practitioner drew a random sample of 400 observations and found that x bar = 700 and s = 100. Illustrate what is total amount of output firm should produce.
The ratio of consumer liabilities to consumer financial assets rose from just over 10% in 1950 to more than 30% in 2009. However, recent researches points to a number of factors that bear on the consumer’s decision of when and how much to borrow. How..
Charles decided to open a lawn-mowing firm. To do so, he buys a mowing machine for $7,000 and gasoline ($2.2 in gas is needed to mow each yard) and pays a helper $25 per yard. Prior to opening the company, he earned annually $3,000 as a life guard at..
Give some examples of items you own where you feel your Willingness to Accept would go up by receiving a substantial amount of wealth. Identify some other items for which you feel your Willingness to Accept would go down.
Explain what determines the level of income, employment, output and prices in our economy. Do you think current monetary and fiscal policy is working to help the U.S. economy achieve the three economic goals of full employment, economic growth, and s..
Determine the IRR on the following projects: An initial outlay of $10,000 resulting in a free cash flow of $1,993 at the end of each year for the next 10 years. An initial outlay of $10,000 resulting in a free cash flow of $2,054 at the end of each y..
Determine what are some of the philosophies that influenced Latin America? In what way did they impact the cultures of Latin America?
A firm's current profits are $450,000. These profits are expected to grow indefinitely at a constant annual rate of 3 percent. If the firm's opportunity cost of funds is 6 percent, determine the value of the firm: The instant after it pays out curren..
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