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What was the expected return on Columbus’s expedition, assuming that he had a 50 percent chance of discovering valuables worth $1 million, a 25 percent chance of bringing home only $10,000, and a 25 percent chance of sinking?
Instructions: Enter your response as a whole number.
Illustrate what is the theoretical differences between ordinary demand functions and compensated demand functions.
What would be the new equilibrium exchange rate that would make purchasing power parity grasp for laptops.
Initially, two steel firms are each releasing 100 units of pollution, for a total of 200 units. The government wants to reduce emissions by 40%. The steel firms have the following marginal abatement costs (MAC): If Pigou tax approach is used, what wo..
Suppose you are given the following Total Product Function: Q=100K^3/2 L^4/2 M^4/7,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Discuss the returns to scale.
This year before a major earthquake adversely affected the production capacity in Nepal, the country's economy was working at its capacity level and inflation and growth rates were following their normal and stable paths at 2% and 4%, respectively. W..
Suppose re are 300 of young in some period t. n, how many good are paid to government for tax in this period. In period t, how many good can each old person get and consume.
Illustrate what means do they use to hedge against exchange rate risk. Using this information.
What will happen to price of old car taken as an inferior goods whose substitute is new car if income of the people rises.
q. 1. what is a business organization?2. what is the most common form of business organization?3. define sole
Illustrate what was the value of the government expenditure multiplier. What was the value of the tax multiplier.
All of the following are considered input barriers to entry except:
The demand curve for Froot Loops breakfast cereal is very elastic because: A market can be described by the equations Qd = 100 P and Qs = P. What are the equilibrium price and quantity in this market? Which good below might be expected to have the mo..
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