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Informal financial institutions and its system are important in serving the group at the bottom of the income pyramid. Explain the characteristics of informal financial institutions and the importance of its financial systems.
Suppose you have a budget of $52 to spend of pretzels and beer. Your utility function is U = 15p + 18b – 0.5p2 – 0.5b2. The price of a small bag of pretzels is $2, and the price of a pint of beer is $4. Does the utility function indicate a relationsh..
Imagine that last year, Jennifer earned $80,000 in salary, and consumed $50,000 in goods and $23,000 in services. How could we best categorize the remaining $7,000.
Explicate Illustrate what will happen to output and the cost level play in this adjustment.
The loss at the Battle of Manassas proved to the North that?
What is the 99% confidence interval for the difference between the two school's scores. (For consistency, let the difference d=A-B.) b. Suppose we want to perform a two-tailed test where H0 is that ?d=0. What is (approximately) the p-value of the ..
How companies and countries are becoming specialised in certain industries to compete and expand their businesses. Compare Australia with any other country.
"The theory of comparative advantage (and the associated projected economic gains from free trade) is a well-known economic theory, but what happens in the real world is closer to the opposite.
A Chinese retailer offers to purchase running shoes for $55 per pair and tennis shoes for $55 per pair for distribution in China. Should the shoe company sell any shoes to the Chinese retailer?
How do changes affect the equilibrium price and quantity of SUVs if pay increase for workers at car companies. What is the shift in the Supply and Demand Curves and provide a brief explanation of why each change occurs.
Assume XYZ Company produces table and chairs with the following total cost function, TC=10,000+10Q+0.1Q2, where Q=quantity of chairs produced. The marginal cost (MC) is equal to 10 + 0.2Q. If XYZ Company can sell as many chairs it wishes at the curre..
illustrate why lower taxes in the current period but higher taxes in the future may make some consumers better off.
The rancher who owns the land is willing to sell the land for 2 million. Should the government proceed with this project (with no end date), assuming that annual benefits are steady at 110,000 per year? The interest rate is 4 percent.
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