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think of one situation in which the Government is actively involved with the purpose of changing an outcome in the appropriate market. Do you agree that the Government should be involved? Why or why not?
(b) If the person accepted the terms of the loan on Oct. 1, 2008 (the first payment was due November 1, 2008), what is the balance of the loan at the end of 2010 (c) How much was the total interest payment in 2010 that can be used for tax deduction..
Notice that the models have different service lives. However, model A will be available in the future with the same cash flows. Model B is available at 1 time only. If you select model B now, you will have to replace it wil model A at the end of y..
Alvin wants tostart college and have $12,000 available to buy a used car when he graduates in 4 years. Alvin wants to buy a new computer, software, and peripherals now, and he earns nominal interest rate 3% compounded yearly.
Consider the partial equilibrium setting in which the market inverse demand is given by p(y)=90-2y. Consider that there is a representative firm whose cost function is given by c(y)=4y^2.
Below are some data from the land of milk and honey. Year Price of Milk Quantity of Milk Price of Honey Quantity of Honey 2010 $1 100 quarts $2 50 quarts 2011 $1 200 $2 100 2012 $2 200 $4 100 Compute nominal GDP, real GDP, and the GDP deflator f..
Assume that an individual consumes two goods, X and Y. The total utility (assumed measurable) of each good is independent of the rate of consumption of other good. The price of X and Y are respectively $40 and $60.
The European Engine Corporation is a multi-national producer of small gasoline and diesel motors. European Engine Corporation has estimated the following cost experience for a new 3.5 hp engine over a sample of 122 observations,
As a budding entrepreneur, you have purchased a small bakery. You have engaged in a market study to categorize your customers' willingness to pay for a donut/coffee combo into 9 equal sized groups: ($3.00, $2.75, $2.50, $2.25, $2.00, $1.75, $1.50,..
find the optimal level of pollution as recommended, we need to set total marginal cost = 0, then I have 2 + 2P -3 = 0 => 2P -1 = 0 => P = 0.5 You have already evaluated MCP = 2 + 2P and MCC = -3 B) At this level of pollution, what is the marginal cos..
Find the BLUE estimator of µ in the case where it is known that Y1 and Y2 have the same variance (are homoskedastic), say σ2Y . Show that it is, in fact, BLUE. Report the variance of this estimator.
Unique Creation holds a monopoly position in the production and sale of magnometers. The cost function facing Unique is estimated to be TC= $100,000 + 20Q a. what is the marginal cost for Unique c. what is the marginal revenue at the price compute..
You determine the critical path consists of only five activities. You then compute the variances for the five critical path activities and these variances are 3,4,2,1 and 6 days. what is the probability that the project will be completed.
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