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Police often use undercover agents to induce individuals to commit crimes (deal drugs, solicit prostitution) and then arrest them. In some such cases, however, a defendant can avoid prosecution by claiming entrapment. Can you give an economic argument for when the defense of entrapment should be allowed?
if the interest rate is 10%, what is the present value of a security that pays you $1100 next year, $1210 the year after, and $1331 the year after if the security sold for $3500, is the yield to maturity greater or less then 10% Why
general cereals is using a regression model to estimate the demand for tweetie sweeties, a whistle shaped sugar coated breakfast cereal for children. the following(multiplicative exponential) demand function is being used: QD=6,282P-2.15A1.05N3.70
The energy Department estimates that domestic demand for natural gas will grow by more than 40 percent between now and 2025. Distinguish between a demand function and a demand curve.
At world prices, cotton is 25% of the cost of clothing and labor and capital costs are 75%. What is the effective rate of protection on clothing if the tariff on cotton is .1 and the tariff on clothing is .4
Household spending is given by the following equation: C = $100 + 0.70Yd and Intended Investment = $125. (a) Calculate the equilibrium level of income in the economy, and explain why this is the case.
McDonald's is a force to contend with both domestically and globally. The company has been a success story world-wide because of its focus on marketing details and because it plans globally yet acts locally.Choose a doughnut/cinnamon bun/bread..
A monopolist sells to a market in which the fraction of buyer types whose valuation is v or less is given by F(v). The lowest valuation customer in the market is a customer with v = k, so we have F(k) = 0.
Hotels tend to charge a lot for phone calls from their rooms. Cell phones endangered this nice little "monopoly" business to the point that average telephone profit per available room at hotels in the United States fell from $637 in 2000 to $152 i..
Follow-up peer responses should contain a minimum of three complete substantitive sentences.
The private firm has a TEP level that is three times as high as the SOE: Ap = 3x As x the production functions are Yp=Ap x Np and Ys=As x Ns, where Np+Ns=1. The SOE employs three quarters of the work (Ns=3/4).
Due to its remoteness, Siberia can be considered as a closedeconomy. Recent data about its popula- tion movements indicate thatthe region suffered from a severe loss in its working agepopulation from 1995 to 2005.
What is the optimal bid-ask spread?
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