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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?
You bought a $100 used guitar and agreed to pay for it with a single $120 payment at the end of 6 months. Assuming semi annual (every 6 months) compounding, Calculate the nominal interest rate, Calculate the effective interest rate
Explain the CPI and why it is important. How does the CPI differ from the PPP? Provide an example to support your answer
The following equations apply to an economy: C=400+.9(Y-T) I=250-50r (M/P)d=Y-300r You also know that government spending and taxes are 500 and the nominal money supply is 4000. The price level is 2. Make sure you simplify your equations. What are th..
When looking at data for 1986 to more recent data comparing access of women to important diagnostic services related to medical disorder peculiar to women, we find that access has remained flat.
q1. the government of new holland is experiencing lower energy costs due to new technology in extracting energy sources
Other things equal, what effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output.
Suppose a large number of new immigrants enter the labor market. Assume this increase in the supply of labor provides a drag on wage increases: wages rise by less than the prevailing rate of inflation over the next year. Use the short-run model to ex..
Clancy has $1,800. He plans to bet on a boxing match between Sullivan and Flanagan. He finds that he can buy coupons for $9 each that will pay off $10 each if Sullivan wins. He also finds in another store some coupons that will pay off $10 if Flanaga..
A city needs to choose area rubbish disposal areas. Area A: A gravel pit has a capacity of 16 million cubic meter. Owing to the possibility of high groundwater the Regional Water Pollution Control Board has restricted the lower 2 million cubic meters..
The price elasticity of demand for a firm's product is equal to -1.8. The firm currently sells 4,000 units per day at a price of $2. If the firm increases its product price by 10%, then it can expect to sell approximately
You have a choice between two fully amortizing home loans: a $90,000, 13%, 25 year loan and an $80,000, 12%, 25 year loan. What if the lender charges 2 points on both loans and the loan is paid off at the end of the 5th year. What is the IBC?
If the prices of pizza and submarine sandwiches double and so does Michael's money income, we can compute that Michael's budget constraint will.
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