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Given the ever-increasing age of the population and advance of medical technology, why would anyone expect the growth of medical costs to slow down in the future?
Explain how does the price elasticity for flu vaccinations change in times when flu is more prevalent versus times when flu is less prevalen.
A geothermal heat pum can save up to 84% of the annual heating and cooling bills of a certain home in the norotheaster US. In this region, the yearly cost of conventionally heating and cooling a 2,000 square foot house is about $2,900. The maximum am..
There are three retirement plans under development. Each plan has a 6% compounded monthly and you cannot take a withdrawal until year 20. One plan requires a payment of X/year for the next 10 years. The other requires a payment of Y each year from ye..
One example of how a bank can practice asset management in order to reduce liquidity risk is
Describe the concept of opportunity cost with example. What would be your opportunity cost of taking on-line classes to get a degree at your University as compared to taking classes at traditional day schools at your University?
Suppose that at the equilibrium price and quantity, the marginal revenue is -$36 and the price elasticity of demand for a linear demand function is -0.67 Then we know that the equilibrium price is:
Suppose you are considering buying a gold deposit. It will cost $1 million per year to construct a mine so that gold can be extracted. The construction period lasts 3 years. In the fourth year, production starts. What is the difference between privat..
measured in thousands of units and price (P) is measured in dollars per unit. The equilibrium quantity in this market it.
Each year, the country’s 700-plus business schools produce a total of 80,000 MBAs. The number of business schools has more than doubled and the number of MBA graduates per year has increased 15 fold since 1970 with a growing demand for MBA graduates ..
A basic assumption of traditional economic models is that human beings are rational. An investor wants to maximize returns at a given level of risk, or minimize risk at a given level of returns. However, humans face behavioral influences that could n..
Express Illustrate what will happen also why to the firm's average fixed costs, marginal costs, average costs also profits as the firm makes its choices.
Gail works in a flower shop, where she produces 10 floral arrangements per hour. She is paid $10 per hour for the first eight hours she works and $15 an hour for each additional hour she works. What is the firm’s cost function? What are its AC, AVC, ..
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