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What type of bank serves your best needs? Visit the websites of the following institutons and prepare a chart comparing the services offered, such as traditional and online banking, investment services, and personal financial advice. Which one would you choose to patronize and why?
a. Bank of America - a nationwide full-service bank
b. A leading local commercial bank in your area
c. A local savings institution
d. A local credit union
Consider the situation where firm y is downriver from firm x and must cope with the pollution created by production of x output. According to the Coase theorem, If firm x must purchase, from firm y, rights to pollute the river they share, firm x’s pr..
You are to consider pricing separately, pure bundling, and mixed bundling. Without computations, which pricing policy from above would you recommend. Please explain why.
Let market demand be given by the inverse demand function P = 300-2Q, where Q = q1 +q2 +...+qn. The cost function for each firm in the industry is c(qi) = F +20qi+q 2 i . Firms are Cournot competitors. Find each firm’s equilibrium output and profit ..
Calculate the percentage change in nominal GDP, real GDP, and the GDP deáator in 2006 and 2007 from the preceding year. For each year, identify the variable that does not change. Explain in words why your answer makes sense.
Electoral College system take a country named know land that has. Suppose there are 9 small states in know land where each have 1 million people in.
An important law in economics is the “Law of Diminishing Marginal Utility”. Discuss what this law is and provide an example of diminishing marginal utility you’ve encountered recently.
Ben and John like cookies C and roads R. Their respective utility functions are defined as follows: When they take their decisions separately, how much roads do Ben and John decide to consume? What is the socially-optimal level of road consumption?
BOE Manufacturing is trying to decide between two different conveyor belt systems. System A costs $220,000, has a four-year life, and requires $70,000 in pretax annual operating costs. System B costs $312,000, has a six-year life, and requires $64,00..
What is total demand in the industry? What is the 4-firm concentration if each sells 15 units?
The rate that does aggregate output, aggregate investment, aggregate consumption as well as per- capita income grow in this steady state.
what is the approximate real rate of interest. Illustrate the exact real rate.
Suppose that consumers become pessimistic about the future health of the economy, and so cut back on their consumption spending. What will happen to aggregate demand and to output? What might the government have to do to keep output stable?
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