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Regarding microeconomics, which of the following statements is correct? a. accounting profit is greater than marketing costs b. accounting profit is different from economic profit c. accounting costs include opportunity costs d. economic profit is less than production costs.
In general, do you favor having government more and more power to regulate private industry? Please provide documentation for your answers. Feel free to comment on the postings of your fellow students.
The U.S. economy slowed significantly in early 2008, and policy makers were extremely concerned about growth. To boost the economy, Congress passed several relief packages that combined would deliver about $700 billion in government spending. Calcula..
Describe one weakness and one strength of the gold standard. Do you agree with Milton Friedman that any system of pegged exchange rates is not a satisfactory system for countries with independent political systems; or do you agree with Ronald McKinno..
Suppose that the demand for dollars curve in the foreign exchange market is QD=100-e(Peso/$) and the supply for dollars curve is given by QS=3e(Peso/$). What is the equilibrium exchange rate? Suppose that the Fed fixes the exchange rate at e(Peso/$) ..
What many of us may not realize is that there is a market for currency (money) just like any other market. So let's consider the demand for money. Class, what are the two primary determinants of demand for money?
Explain which technology would you advise the CEO of Defendo to adopt given the threat of possible entry. Also what will be the Defendo's profit given his choice.
Consider an infinitely repeated Cournot competition with N firms. The market demand is Q(p) = 14 – p. All firms have the same cost function TC(q) = 2q. The common discount factor of firms is δ
Leon and Heidi decided to invest $3,250 annually for only the first eight years of their marriage. The first payment was made at age 20. If the annual interest rate is 9%, how much accumulated interest and principal will they have at age 70? Please s..
Should we reduce or eliminate taxes on corporate profits in the United States to lure more of these companies back to the U.S.?
Elucidate what happened to Ikonomia's net foreign assets during 2007. Did it acquire or lose foreign assets during the year.
Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this initial point, the growth rate of the money supply is 6%, the growth rate of the velocity of money is 2% and that the real economic growth rate i..
The Deering Manufacturing Company's short-run average cost function in 2012 was AC = 3 + 4Q where AC is the firm's average cost (in dollars per pound of the product), and Q is its output rate. Derive an equation for the firm's marginal cost function.
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