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Read and respond to the article "The Evolution of the Corporation in the United States by Atkinson, Hake and Paschall. What the authors mean by stabilized scarcity? How was the 'Rule of Reason' interpreted to allow for the expansion of the corporate form of business organization?
If the price of a haircut is $12, the number of haircuts provided is 100. If the price rises to $18 per haircut, barbers will work much longer hours, and the supply of haircuts will increase to 300.
A monopoly can sell its product in two different cities, A and B. The monopolist believes that the two cities are far enough from each other that resale is impo
Current issues surrounding social security and the current policy being implemented in relationship to its impact on public finance. Also include any possible new policy discussions surrounding the topic that are related to public finance.
A consulting firm conducted a random survey of community residents, describing a planned riverside park and then asking each respondent the question: "What is the most that you would be willing to pay to have this park built along the river?" Do you ..
If an investor has a tax rate on interest income of 25% and the inflation rate is 4%, which bond has the lowest expected after-tax real interest rate?
We saw in class that since we are only interested in the ordering of bundles, a positive monotonic transformation (one that does not change the order) of a utility function also represents the same preferences. Mathematically, a positive monotonic tr..
Why is inflation such a difficult problem in so many economies?
Over this range of output, the marginal cost curve is higher than/ lover than/ equivalent to the average cost curve.
Consider a small barter economy with only two individuals, John and Mark. John's preferences for the two available goods (x) and (z) are given by: Draw the Edgeworth box for this economy including example indifference curves for each individual and t..
By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization
Consider testing Upper H0= : H0: µ=20 against Ha: µ
Using MACRS depreciation, a marginal tax rate of 42%, and an interest rate of 12%, determine the EAW of the product. (Answer: -$1512)
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