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Carol's utility function is U = VM, where M is her money. She has $100. She is offered a gamble in which she could win $44 with probability P and lose $19 with probability 1 - P. How high must P be for Carol to accept the gamble? Show your work, use sqrt(x) to denote the square root of X.
According to Curtis and coauthors, which type of voters wanted Iceland to default on their foreign debt, and why?
What is the value of the world net loss from the cartel (deadweight loss)? Instead of maximizing profit, the cartel wants to maximize revenue or market share, at what price should it sell its product?
Output gaps are caused by inflationary pressures generated by the unintended side effects of government policy. A low level of aggregate spending can cause real GDP to fall below potential output. When spending is high, output may rise above potentia..
Draw a probability histogram for the distribution of X. (Enter your values for X from smallest to largest.
The business world has become large and spread out today. There are companies sending employees all over the country and around the world to conduct business. Discuss the variety of tools available today to help the business world to communicate more..
Discuss and explain the following questions using knowledge about the dynamics of Aggregate Demand and Aggregate Supply Model. What is the cause of the 2007-09 Great recession? What happened to aggregate demand and aggregate supply model during this ..
On average, 60% of credit sales are paid for in the current month, 20% in the next month, and the remainder in the month after that.
Based on the revised (1997) merger guidelines, would the Antitrust Division likely challenge a proposed merger between.
Why managers of firms might prefer that their firm's stock be traded in a moderate per-share range rather than a high-share price range.
?Assume you are an analyst with an online university say UOP. The Admissions Director (AD) wants to determine the optimum number of students for each ECO561 class. You are provided with the following data: Tuition is $1250 per student. what is the ne..
What are the controversies associated with white collar exemption changes to FLSA? What is the unions objections. Which is better the current FLSA law or the change?
Many papers look at the impact of credit frictions onto business cycles, and they almost unambiguously find that credit frictions work as an amplification mechanism of other shocks. A lot of these models (in the tradition of Kiyotaki and Moore) have ..
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