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1. Are price gouging laws an example of a price floor or a price ceiling?
2. Why do most economists oppose attempts to control prices? Why does the government attempt to control prices anyway, in a number of markets?
A Honda Accord sells for $28,000 in the United States and for SF35,520 in Switzerland. Given an exchange rate of SF1.25 = $1, how do the car prices of both countries compare
A company is considering buying a new bottle-capping machine. The initial cost of the machine is $325,000 and it has a 10-year life. Monthly maintenance costs are expected to be $1200 per month for the first 7 years and $2000 per month for the rem..
Suppose a bank discovers that its reserves will temporarily fall slightly short of those legally required. How might it remedy this situation through the Federal funds market? Now assume the bank finds that its reserves will be substantially and p..
Demonstrate that the maximum likelihood estimator of p is m/n.
List and explain the ways by which firms usually finance their investment projects. Explain the rate of returns required by each method of financing. What are the implications of multiple ways of financing for a firm, each with its own rate of ret..
Cinema Theater has estimated the following demand functions for its movies: Daytime demand, QD = 400 - 50 PD Zighttime demand, QN = 200 - 20 PNThe marginal cost of serving another customer is $5 and its fixed costs are $100.
ux1x2min3x1 6x2 ip1x1p2x2 p1 4 p2 5i 20a write the function for the indifference
What transformations of data will need to be made before the GG-DW database can be loaded with data? List all the transformations, showing the original format of the GARDEN_GLORY data and how it appears in the GG-DW database.
In 2003, the market price for a 3,000 square foot home in South Tampa, Florida was $350,000 and 358 new homes were built. In 2004, the market price for a 3,000 square foot home in South Tampa, Florida increased to $385,000 and, holding all else eq..
Given: Period Project cash flows (n) A B C D 0 $(5,000.00) $(2,000.00) $4,500.00 $(3,500.00) 1 $5,800.00 $(4,400.00) $(6,000.00) $1,000.00 2 $12,400.00 $7,000.00 $2,000.00 $5,000.00 3 $8,200.00 $3,000.00 $4,000.00 $6,000.00 Compute the net future wo..
Use the data to compute the marginal propensity to consume for each year, 1991 to 2004. Has the MPC been relatively constant?
If the PAE=950+0.8Y, thus leading to a recessionary gap of 50, relative to potential output of 4800. Suppose that in this economy, the natural rate of unemployment is 5%. What will the actual rate of unemployment be after the rescessionary gap app..
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