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Discuss the characteristics of law that are consistent with: A. Mill’s Principle and Libertarianism B. Paternalism C. Libertarian Paternalism D. Asymmetric Paternalism
At the beginning of the year, you bought 100 shares of Microsoft common stock for $105, and over the course of the year, the company paid a dividend of $6 per share. At the end of the year, you sell your 100 shares for $95. The inflation rate for the..
Jen, Eric, and Kurt are all buyers of chain saws. Jen’s demand function is DJ (p) = 520 − 13p, Eric’s demand function is DE(p) = 40 − p, and Kurt’s demand function is DK(p) = 200 − 5p. Together, these three constitute the entire demand for chain saws..
Mytown uses an interest rate of 6%. What is the EAC for Mytown's policy? What is the EAC for the optimal policy? What is the optimal policy?
Assume a machine which has a useful life of only one year costs $2000. Assume, also, that net of such operating costs as power, taxes and so forth, additional revenue from output of this machine is expected to be $2300. What is rate of return on ..
In the Friedman-Lucas money surprise model, suppose that the central bank wants to reduce the price level. Suppose the central bank has two options: (i) announce in advance that the money supply will decrease; (ii) surprise the public with a decrease..
Suppose that you were given two choices: Choice A is that you can receive $18,000 two years from now, and Choice B is that you can receive $15,000 right now. APR (Annual Percentage Interest Rate, r) is 10%. Which would you choose Choice A or Choice B..
Explain the connection between the vertical long-run aggregate supply curve and the vertical long-run Phillips curve.
Show all formulas and steps using engineering economics. A company spends $1,000,000 on equipment with a 10 year service life to start a manufacturing facility. Determine the Taxable Income, Income Tax, and After Tax Cash Flows (ATCFs) for the life o..
Describe the firm's economic environment and evaluate how this has impacted historic firm performance and is likely relevant to future performance
An improvement in production technology for a specific good will cause a(n):
Suppose Mike and Johnson produce two products- hamburgers and T-shirts. Mike produces 10 hamburgers or 3 T-shirts a day and Johnson produces 7 hamburgers or 4 T-shirts. Assuming they can devote time in making either hamburgers or T-shirts. Draw the p..
Wolfe and Baker are the only two firms producing door stopers because of such a small market in their area. Both firms are profit maximizing, have a marginal cot of $8 (MC = $8) and have no fixed costs (FC = $0). When both firms set quantity, Wolfe's..
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