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Give and discuss (1) some examples of goods whose production creates detrimental externalities, (2)some examples of goods whose production creates beneficial externalities, and (3) some examples of the free rider problem.
A firm wants to lease some land from you for twenty years and build a warehouse on it. As your payment for the lease, you will own the warehouse at the end of the twenty years.
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
Calculate the profit-maximizing price and quantity combination for the firm. What are the firm's profits and calculate the equilibrium price and quantity algebraically
Illustrate what is approximately the maximum amount the firm is willing to pay to be allowed to use more units of input x, for small.
Your local bank is reluctant to lend to you as you basically have a large mortgage loan on the property on which the hospital complex lies.
In a simple model with no government or foreign sector, the amount of involuntary inventory accumulation at equilibrium is
"Sweep" accounts are combination checking/money market accounts which large banks currently offer to their corporate customers. These accounts sweep just enough funds out of the money market portion of the account to prevent checks written on the ..
An economy consists of two regions, the North and the South. The labor market is initially in an economy-wide equilibrium, with 1,000,000 people employed in the North at $25 per hour and 2,000,000 in the South at a wage of $15 per hour. Assuming t..
The level of investment down because of a lack of confidence in the economy. Interest rates are kept artificially low by the Federal Reserve for several years.
Determine what managers can do to prepare for the possible change in short-run production. Pick a real or fictitious business. Create a scenario around this business in which a manager would decide to either stop operations in the short-run or goin..
Explain why is it that increased productivity leads people to take out more loans - which then leads to more growth.
Compute total revenue, marginal revenue, total cost and profit at each quantity. What quantity would a profit-maximizing publisher choose? What price would it charge?
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