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In three to four sentences compare and contrast the difference between a planned and unplanned economy.
A depreciable asset with a three-year life has a first cost of $30,000 with a $6,000 salvage value. The machine's operating cost is $10,000 in year one, $12,000 in year two and $14,000 in year three. According to the straight line method, the depr..
If my optimal choice for two goods (cookies and milk) is different from two different weeks (for example, week one is C:8,M:16 and week two is C:16,M:16) BUT INCOME IS THE SAME throughout all weeks ($8).
An insurance company is analyzing three bonds and is using duration as the measure of interest rate risk. All three bonds trade at a yield to maturity of 10 percent, have $10,000 par values, and have five years to maturity. The bonds differ only in t..
Assume that the marginal cost of a cup of coffee is 10 cents. Assume that the seller can use a two-part tariff coffee purchasing plan (where plan has a price per cup and an entry fee). Concretely, the amount of money that consumer spends on X cups..
Explain the difference between inferior goods and normal goods. As a developing economy experiences increases in income (measured by GDP), what do you predict will happen to the demand for inferior goods. Explain the theory that education acts as a..
suppose the following are national accounting data for a given year for malaysia hypothetical
what determines whether or not resources is scarce? Why is the concept of scarcity important to the definition of economics?
Calculate the point price elasticity of demand and point income elasticity for peaches at the equilibrium. Also calculate the point cross price elasticity between peaches and apricots at the equilibrium.
Explain how specifically does this information affect your desire to sign a two-year contract with Toy Yachts R Us.
Elucidate why the Fed must normally add reserves to the banking system via open market operations on most days in order to maintain its interest rate target in the Fed Funds market.
Read the article, The Ethics of Big Data. Based on the content presented in the article, describe the microeconomic principles being used, in other words what is the impact for demand? List the different types of market structures that big data be..
Discuss the Neoclassical and New Growth theories and then identify and discuss those characteristics features of the small developing island economies of South Pacific that pose obstacles to their economic growth.
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