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Give an example of a binary relation which is not transitive, and then give an example of a binary relation which is reflexive and transitive but not connected.
Suppose that you generate a random number between 0 and 1. (So all numbers are equally likely to come up.)
Parker Products manufactures a variety of household products. The company is considering introducing a new detergent. The company’s CFO has collected the following information about the proposed product. What is the net present value of the proposed ..
Some seem to believe that we should be pure maximizers. Others say that we do better as constrained maximizers. Which view does David Schmidtz endorse and why?
If the own price elasticity of demand is infinite in absolute value, then: demand is perfectly elastic. the demand curve is vertical. consumers do not respond at all to changes in price. the demand curve is vertical and consumers do not respond at al..
What are the 3 main determinants of economic growth? Do we have to give from both demand and supply side?
Pharmaceutical drugs have an inelastic demand, as well as computers have an elastic demand.
Rudolfo purchased 900 shares of stock for $62.20 a share six months ago. The initial margin requirement on this stock is 75 percent and the maintenance margin is 40 percent. Rudolfo pays a 3% on his margin loan, what is his holding period return if t..
In the Austrian pure free market, a nation with a low savings rate will have _______ interest rates and _______ levels of investment. According to Keynesian analysis; the proper government response to a recession is _________, whereas an Austrian wou..
Explain different conditions that can make aggregate supply curve shift to right. Explain how this shift on a graph. Illustrate what impact will shift have on equilibrium GDP.
Importance of production
Suppose you were the economic advisor to the leader of a small, developing country. What advice would you give him or her with respect to how the country could raise the productivity of its labor force?
Array Solutions requires a 14 percent return on their projects. Analysis shows that even though they have been earning the desired 14 percent, their real return appears to be only 10 percent when they look at what they can buy with their returns. Exp..
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