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Suppose that there is a 90 percent change that George's coffee shop will make $7000 in profits in January and a 10 percent chance that it will make -$1000 in profits (i.e., it will lose $1000).
Calculate the coffee shop's expected profits
Both alternatives have a 5-year useful and depreciable life and no salvage value. Alternative A would be depreciated by sum-of-year
A $4 / ream tax on domestic paper production while remaining closed to free trade in paper
Explain the difference between voluntary and involuntary uninsurance and between frictional, structural, and cyclical uninsurance.
There is a wealth of info out there on Big Data and IoT. Here are some areas to think about:
If a firm with a patent monopoly sets a high price that results in deadweight loss then why do governments grant patent monopolies?
Suppose that the so-called “new normal” sluggish economic growth of the last several years is the economy’s real potential, and not the higher growth rate of years past. What does this imply about how accommodative the Federal Reserve has been (and s..
A firm charges its customers $20/unit for the first unit purchased and $10 for each additional unit in excess of one unit. Suppose the firm’s marginal cost is fixed at $5. How many units will this firm sell? Find the profits earned from the price str..
Choose two fiscal policies that a government could use to create more social security/welfare; discuss and compare any negative consequences
Animal rights laws are expected to affect the burger market by increasing the future price of burgers. Show how this affects equilibrium in the South African ma
Last week, jorge purchased a $45 ticket to a soccer game scheduled for this Thursday. If he attends the game, he'll miss three hours of work, where he's paid $15per hour. While he can't return the ticket, he can resell it online for $30. Attending th..
According to Marx, capitalism goes through a worsening series of business cycles that ultimately destroy it. what are they, explain?
Which steps within the policy process does the general public hear about most often? Why do you think that is?
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