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Consider an economy populated with students who consume three goods: textbooks, cola, and pizzas. In 2010, they purchased 17 textbooks, 420 cans of cola, and 255 pizzas. The following table shows the prices of these three goods for the years 2010, 2011, and 2012.a. What is the percent change in prices of each of the goods from 2010 to 2011 and from 2011 to 2012?
b. Calculate the CPI for each of the three years using 2010 as a base year. What is the percent change in CPI from 2010 to 2011 and from 2011 to 2012?
What are these items, and how do they interact to arrive at the quoted interest rate.
Calculate the arc elasticity of demand. Is the demand elastic or inelastic over this region? What happened to total revenue?
What is the price of the car if the interest rate is 12% per year compounded monthly - what would be the equivalent uniform monthly payment?
Merger and acquisition's ultimate success can be jeopardized if decision makers neglect the integration of activities,
Explain whether it would be desirable to have zero unemployment.
What would be an example of an innovative company? Why is this company innovative? Why are some companies more innovative than others? How should organizations be structured to foster innovation?
Describe a real-world situation (either in the private sector or public sector) in which your answer to (A) could have been used to achieve either a moreefficient or more desirable outcome for the relevant stakeholders.
What impact would you expect each of the following events to have on business cycles? Label each as a demand-side or supply-side shock.
Suppose the final score is entirely based on the make-up test. If Al and Bob give the same answer on the flat tire question, both pass the exam, yielding a payoff of 10 for each of them.
What was done well and what was not done well in each area? What were the consequences in each case? What would you differently do the next project?
Why would Marriott worry about the quality of the hotels it doesn't own but franchises? Explain the nature of the agency problem facing Marriott.
Suppose market demand is Q = 1000 - 4p. If all firms have LRAC = 50 - 5q + q2, how many identical firms will there be when this industry is in long-run equilibrium?
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