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Joe and Adam are friends. Joe earns $100 a week while Adam earns $2000 a week. Who is more likely to use Groupon (a website which gives discount coupons)? Discuss this in the context of opportunity costs.
Write a program that prompts the user to enter a positive integer between 1 and 100 (inclusive) and that outputs whether the number is prime. if the number is not prime, then output all the numbers, from the list of the first 9 prime integers, whi..
If the inverse demand function p() facing a monopolist is downward sloping, and if the total cost function c() is upward sloping, then the profit maximizing level of output will occur where demand is elastic, where E(y)
1.) Stannards Capital Investment Corp invested $576,300 to buy a note that matures in 2 years for $725,000. Find (a) the simple interest rate and (b) the simple discount rate. 2.) A $10,000 T bill with 73 days till maturity is sold at a 5.48% simpl..
What options do you have to consider? Should you raise or lower the price of admission? Explain your reasoning in terms of demand and elasticity
What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity affect the cost of productions? Can you provide an example from your workplace?
What is the current stock of capital and future stock of capital (next period) if the value of current production
If foreigorn exchange speculators become more optimistic about the long-run real value of the domestic currency, domestic investment will rise. (Give full explainations for this statement)
1. under what conditions does a nominal tariff applied to an import product overstate or understate the actual or
Debate 20.1 explores a case for which eco-labeling was used to skirt WTO rulings that force countries to treat products as equal even if the production process violates an environmental rule in the importing countries.
Explain the impact of time on the elasticity of market supply and discuss the role of profits and losses in a purely competitive market.
Should a government be involved in funding banks on Wall Street andlarge automakers out of debt with federal funds so they can stayout of bankruptcy? Does this help or hurt our economy andwhy?
Elucidate what output level does average variable cost reach its minimum value. What is the value (in dollars) of the average variable cost at its minimum point.
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