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With reference to the theories of Schumpeter, and the activities of one or more real world entrepreneurs during the last decade, explain how entrepreneurship can be either productive or unproductive (/destructive).
For each of the following, identify whether the statement is true, false or uncertain and justify your answer. If everyone has the same marginal rate of substitution, then the allocation is Pareto efficient. b) If a policy change increases social wel..
Your corporation has a marginal tax rate of 40% 70% of dividends received our excludable from Texas the corporations before text David in yield is 15% what is the corporations after-tax dividend yield
Describe the impact of an expansionary fiscal policy in an open economy using the ISLM model and the interest-rate parity relationship. Explain what happens to output, the interest rate and the exchange rate, using the appropriate graphs to illustrat..
Elucidate how this can be possible, in spite of the fact that the exchange itself creates nothing new the goods being traded are still the same as they were before being traded.
The following shows the demands and marginal revenue in two markets, 1 and 2, for a price discriminating firm along with total marginal revenue, MRT, and marginal cost MC. Compare the demand conditions in each market; i.e. how do the two markets diff..
Consider the situation of an inverted yield curve. What does this mean? Why is it unusual? Under the theories of the term structure, why is an inverted yield curve considered bad news for the economy?
In 2013, the furniture store PB produced 13 mahogany desks. One of them is sold to Jeanine for $3,349, later that same year Jeanine sold the desk to Pamela for $1,919. The remaining desks were not sold to anyone that year and stay in PB's inventory a..
When conducting a rate of return (ROR) analysis involving mutually exclusive alternatives, the first step is to:
A main conclusion from Walt Rostow's stage theory was that
Adaptive expectations models rely on expectations of future events being formed solely on the basis of past experience. In developing and transition economies the application of tools to effectively counter the problem of asymmetric information is ra..
Suppose that clean srings water c ompany has a monopoly on bottled water sales in california. suppose that the price of tap water increases. which is the change in the profit maximisation price and level of output for CSWC. explains in words and..
Project LMN has an initial cost of $10,000 and annual cash inflows of $2,825, $3,192, $3,607, and $4,076 in years 1–4. What is the NPV assuming a 12% discount rate? When the project was completed, none of the cash flows were reinvested. Sum up the ca..
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