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1. Which is more "cartel-like", the English Premier League or the NCAA?
2. Describe two *economic* concepts addressed in the Moneyball discussion.
3. What was Flood vs. Kuhn, and what is the economic relevance of this case?
4. Briefly explain why small colleges, like Erskine or Winthrop, have sports programs.
5. Describe how a luxury tax affects competitive balance.
6. Is there a direct impact from a player's salary on the price of game tickets?
An investment has a beta of 1.0. The risk free rate is 2% and current market return is 8%? What is the required return?
Suppose a consumer's preferences can be represented by the utility function: U(X,Y)=X^3/5Y^1/4. Derive the function for the marginal rate of substitution holding utility constant. Derive the demand curves for the two goods, X and Y.
Credit Card issuer have culture that focus on growth by targeting financially strapped people. Assume that you are a member of congress, what would you do? Create legislation that does not allow credit-card issuers to raise interest rates for those w..
Aristotle argues that whatever is the good in itself, it must be something sought which meets three criteria, namely that it must be. Among the rights discussed in class (& the handout), private property rights where justified on the grounds that the..
Examples of Variable Cost are. Salvage value is always included in the B/C calculation as:
Assume mortgage payments of $1000 per month for 30 years and an interest rate of 0.5% per month. What initial principal or PW will this repay? Assume annual mortgage payments of $12,000 for 30 years and an interest rate of 6% per year. What initial p..
The expected return to a U.S. resident from putting funds into a Mexico peso deposit yielding a simple annual nominal return of 12% while the U.S. dollar is expected to depreciate at a simple rate of 20% over the year would be a simple rate of ______..
Home and Foreign both produce cars and food using labor and capital. In each country, labor and capital are both freely mobile across industries. It takes 5 units of labor and 3 units of capital to produce 1 unit of food, and 4 units of labor and 4 u..
A stock is projected to pay a dividend of $3 in 1 month. A three month at-the-money European put option on the stock has a premium that is $2.751 higher than the premium for a three-month-at-the-money European call option on the stock. The continuous..
Can you explain how fiscal policy (making changes to government spending and taxes) would affect aggregate demand (AD)? How do these two mechanisms of expansionary policy differ? What were the major areas of disagreement between John Maynard Keynes a..
Explain how you would determine the maximum amount you are willing to spend to fight the case, assuming that you will win if you fight
Explain Stolper-Samuelson theorem, the Heckscher-Ohlin theorem, and Rybczynskitheorem?
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