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According to Coase's theory of the firm, why do firms exist? How do firms contribute to the efficiency of the market economy in ways that 'networks of independent contractors' do not? How are the boundaries of the firm best established?
A price-weighted index consists of stocks A, B, and C which are priced at $38, $21, and $26 a share, respectively. The current index divisor is 2.7. What will the new index divisor be if stock B undergoes a 3-for-1 stock split?
When the work was complete, Chuckrow paid Gough the original contract price but refutilized to pay him for the additional cost of reerecting the trusses.
What is the probability (±0.001) that the next customer pays at least $30? What percent of customers who pay at least $30 pump premium? % (Round your answer to the nearest whole number.)
If a firm sold $700 worth of goods which cost $1,000 to produce: A. national income would no longer equal GDP. B. the firm's loss needs to be subtracted from final sales so that income and output are still equal. C. the firm's loss would not be added..
A survey of 200 college graduates who have been working for at least 3 years found that 90 owned only mutual funds, 20 owned only stocks, and 70 owned both. What is the probability that an individual owns stock? A mutual fund? What is the probability..
Keeping your money in a bank seems like a good idea. However, from time to time, depositors lose confidence in banks. we learned that when many people lose confidence in a bank at the same time it is called a “bank run”, and when this happens to many..
It costs $30,000 to retrofit gasoline pumps at your filling station so the pumps can dispense E85 (85% ethanol and 15% gasoline). If your station makes a profit of S0.08 per gallon from selling E85 and sells an average of 20,000 gallons of E85 per mo..
q1. a monopoly firm is currently earning positive economic profit. the owner of the firm makes a decision to wholesale
The currency of Iceland is called the Krona. in July, 2007 the exchange rate was roughly 60 krona to a dollar. In July 2011, the exchange rate was roughly 120 krona to a dollar. a) Over this period, would you expect exports from the US to Iceland to ..
The average cost of a certain model car was $18,000 ten years ago. This year the average cost is $30,000. calculate the average monthly inflation rate fm for this model. given the monthly rate fm, what is the effective annual rate, f, of inflation fo..
According to the Wall Street Journal, the US Department of Commerce has "decided that display prices by Japanese companies in their home market may be artificially low. Rather than comparing US prices with Japanese prices, Commerce is now coming up w..
The supply of Beetles is elastic. Based on this information, are the following statements true or false? Explain your reasoning. A 10% increase in the price of a Beetle will reduce the quantity demanded by 20%. An increase in consumer income will inc..
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