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Suppose there are 81.0 million people not in the labor force; 154.0 million in the civilian labor force, and 140.9 million employed. Based on these numbers, what is the unemployment rate?
If firm A expects firm B to set its price at $20, what is firm A's best response? If firm B predicts that firm A will price good A at $36, what is firm B's best response? What is the NASH EQUILIBRIUM price and quantity for each firm?
A regulated natural monopoly has the following data: if the firm is ordered to price its good so that there is locative efficiency then the firm will have?
Suppose in 2012 you buy 3% coupon rate, $100 face value bond for $100 that has 2 years left till maturity. If in 2013 interest rates decrease to 1%, what will be the price of your bond and what will be your rate of return if you decide to sell it?
When looking at a cheaper dollar, you will find that this will affect our economy. We are able to export more goods and services given the cheaper dollar. How do you think the US can support a cheaper dollar?
What are the three types of mergers that firms can do? Classify the following possible mergers between Starbucks and coffee growers, Bank of America and Fleet Bank, Microsoft and Steel company, Home Depot and Lowe's, into one of the three types. Expl..
Suppose that Congress enacts a significant tax cut with the expectation that this action will stimulate aggregate demand and push up real GDP in the short eun. In fact, however, neither real GDP nor the price level changes significantly as a result o..
Explain how does the U.S. Government correct for this apparent market failure.
Why are the negative externalities associated with the Barclays Center, which opened in 2012 in Brooklyn, likely to be greater than the negative externalities associated with the Staples Center in Los Angeles, which opened in 1999? Carefully explain ..
The first welfare theorem states that under a certain set of “regularity condition", free markets are efficient. Use the demand and supply model to show that a government imposed price ceiling will be inefficient when these regularity conditions are ..
Soft selling occurs when a buyer is skeptical of the usefullness of a product and the seller offers to set a price that depends on realized value. For example, suppose you're trying to sell a company a new accounting system that will reduce costs by ..
Agriculture and Agri-Food Canada implemented a farm savings plan called AgriInvest that would help farmers navigate ‘shallow losses’ (differences between revenues and expenses that are not extreme).
On the horizontal axis, K/L represents capital (K) per work hour (L). On the vertical axis, Y/L represents output (Y) per work hour (L). 10. Refer to Figure 1. The curve becomes flatter as the amount of capital per work hour increases because of a. i..
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