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Question: Imagine that you have a program on your cell phone that allows you to walk up to any item in the supermarket and have your phone recognize it and display all the necessary information about the product. The program tells you where and how it is made, and when it is predicted to go on sale next. Does a firm selling goods in this setting need to advertise? Why or why not?
Econoland is currently producing at point B. What is the opportunity cost of moving to point H? Provide the units of measurement as well as a numeric value
1. the demand function for a cola-type soft drink in general is q 20 - 2p where q stands for quantity and p stands for
Question: Do brief research on ASEAN Economic Community (AEC) and discuss on the following questions: How does the AEC affect the multinational firms investing in AEC members? What is the effect of AEC on the U.S. economy?
Market price is $50. The firm's marginal cost curve is given by MC = 10 + 2Q. Find the profit-maximizing output for the firm.
The Chicago Board of Trade has just introduced a new futures contract on Brandex stock, a company that currently pays no dividends. Each contract calls for delivery of 1,000 shares of stock in one year. The annual risk free rate is 6%. If Brandex sto..
Optimal tariffs are an effective means of improving a nation's trade balance. If quotas are administered by exporting nations, the net welfare loss to the importing nation includes the productive, consumption and revenue effect. Tariffs, unlike quota..
First Bank is sending university alumni an invitation to obtain a credit card, with the name of their university written on it, for a nominal 9.9 percent interest per year after 6 months of 0 percent interest. Interest is compounded monthly, IF you f..
Based on resale prices for tickets for the 2013 Super Bowl in New Orleans, face - value prices for the most expensive tickets to the 2014 game are expected.
"In the presence of very risk-averse bidders, a person selling her house in an auction will have a high expected profit by using a first-price, sealed-bid auction." True or false? Describe your answer.
Explain what types of content should be censored. List the criteria that would, from your ethical perspective, be appropriate for limiting access to content.
Present your candidate with an alternative view about why it may make sense to tolerate the existence of some monopoly firms.
An eminent labor economist found that the return to the investment in a Ph.D. in English is negative 10%, yet many people still pursue this degree. Is this irrational behaviour? How can you explain this in terms of human capital theory?
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