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From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $12 million in withdrawals from other banks’ ATM machines. On average, noncustomers earn a wage of $26 per hour and pay ATM fees of $3.50 per transaction. It is estimated that banks would be willing to maintain services for 4 million transactions at $1.50 per transaction, while noncustomers would attempt to conduct 19 million transactions at that price. Estimates suggest that, for every 1 million gap between the desired and available transactions, a typical consumer will have to spend an extra minute traveling to another machine to withdraw cash. Based on this information, what would be the non pecuniary cost of legislation that would place a $1.50 cap on the fees banks can charge for noncustomer transactions?
What do you imagine about the interest on payday loans is too high or just right.
Allied Electrons must purchase a new automatic soldering machine to meet increased demand for its electronic goods.
Evaluate the importance of gold as an international asset. Discuss the historical importance of gold as an international reserve asset, including the functions it fulfilled. Finally, discuss whether the United States should return to the gold stan..
Are there any particular imported commodities that you or your firm rely on. Illustrate what has happened to the supply of these imports over the years.
Consider an oligopolistic market with two firms. Each of them produces using a cost function then what is the value of that maximizes total consumer well-being?
As additional units are produced, the marginal revenue product falls for all firms because marginal product decreases. For firms operating in industries that are not perfectly competitive, marginal revenue product also falls because
Explain how would you show this with a simple supply and demand diagram. If this firm was monopolistically competitive with a "u-shaped" cost structure, how would you show the results of this firm's attempt to increase its profits.
Calculate equilibrium level of income in goods market if i=10 also calculate equilibrium level of income in money market if i=10.
How weight represents the amount of raw materials. Data containing the weight in pounds from a sample of 368 pallets of Bridgetown shingles and 330 pallets of Holetown shingles are contained in Pallet data which can be downloaded from the class web..
Illustrate what happens to wheat farmers and the market for wheat when university agronomists discovers a new wheta hybrid that is more productive than existing varieties? show graphically.
How big would that budget have to be before he would spend a dollar buying a first cup of coffee.
An HR manager comes with an matter symptomatic of an underlying problem. He says which levels of employee motivation in his organization are dropping leading to drop in employee productivity.
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