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Question: In the market for lemons, the author has used cars as the example. but their are many other cases, such as used refrigerators, other used appliances, or even used houses. Explain how you can protect yourself from buying a lemon. Do you have real world examples and did it work?
Explain why a firm's short-run supply curve is the portion of its marginal cost curve that lies above its average variable cost curve.
A series of quarterly cash flows began with the first cash flow on April 1,1990 and ends with the last cash flow on January 1,2000. The first quarterly cash flow is equal to $24,000. Use a nominal interest rate of 13% and continuous compounding. Dete..
Suppose Country X has a labour force where the women generally stay at home and take care of the children whereas in the labour force of Country Y men and women
It seems sensible that trade costs should be positively related to the distances between nations explain, however, how it might be feasible for costs of trade.
In the economy of Greatland in 2011, consumption was 60% of GDP, government purchases were $100, imports were $70 and 80% of the value of exports, investment was 50% of the value of consumption. What was Greatland's GDP in 2011?
Discuss the different political patterns among the thirteen colonies. Identify the three major regions: the Southern, Mid-Atlantic, and New England colonies. Sp
If people's psychological well-being depends on their relative status (i.e., keeping up with the Joneses), then increasing average incomes may exert only modest
The government also observes that married workers have higher earnings and higher productivity. To boost growth, the government proposes subsidizing marriage
suppose the yield to maturity on a 1-year bond is 6 percent. Everyone expects inflation over the year to be 3 percent, but it turns out to be 5 percent. What is the nominal interest rate on the bond, the ex ante real rate, and the ex post real rat..
A tax rebate by the government would:
What are the Marshall’s Rules of Derived Demand for labor? The North American Free Trade Agreement (NAFTA) – which came into force on January 1, 1994 – created a trilateral trade bloc between the United States, Canada and Mexico. One result of the ag..
It’s that season again! You have engaged in a market study to categorize your patients’ willingness to pay for their flu shot into 8 equal sized groups: $40, $35, $30, $25, $20, $15, $10, $5). All of your costs are fixed except labor and materials, w..
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