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Problem
Dora and Vicki are bartenders. Dora prefers her tips in cash because she can have the money right away. Credit-card tips don't get paid to bar staff until the payments are processed, which can take a few days. Vicki still prefers for her customers to put her tip on their credit card. Why might Vicki have this preference?
This problem from economics and it is describe the kinked demand curve, a dilemma in most microeconomic scenarios where two or more competing firms wage price wars and arrive at a price which seems to be kinked when plotted on a graph.
Why do prices in monopolistic competitive markets remain above the prices that would exist in perfectly competitive markets even in the long run after entry has eliminated above normal profits?
If income were perfectly equally distributed, the poorest 20 per cent of individuals or families would receive 20 percent of the economy's total income.
1. consider the budget set of an individual who consumes health care hc and all other goods og . set up the equation
Presume that your retirement benefits through your first year of retirement are $60,000 per year which is just enough to meet your cost of living through the first year. But, your cost of living is expected to increase at an annual rate of 5 percent ..
a. Calculate the equilibrium price and quantity that will prevail under a completely free market.
Prepare the job description of the Front office manager, executive housekeeper, facility manager, front office receptionist and a room attendant.
suppose that discount brokers make bonds more liquid.a. in the liquidity preference theory how does this development
Greg wants to have $50 000 in five years. The bank is offering five-year investment certificates that pay 8 percent nominal interest, compounded quarterly. How much money must he invest in the certificates to reach his goal?
Two metal blocks, one at 50o, and the other at 0o are set next to each other in a perfectly insulted box at time t = 0. At this instant are the blocks in thermal equilibrium? Now suppose you wait a long time. Are they in equilibrium now?
Assignment is 8 to 10 pages application paper on the Corporation Ethics Scandal on Richard Whitney - 1938 who was the scion of a wealthy and socially elite family. His father was president of the North National Union Bank and his brother George..
Assume the banking system contains the following amounts: Total reserves $80billion Transactions deposits $800billion Cash held by public $100billion Reserve requirement .10
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