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Bobby Brush agreed to paint Harry Resident's house for $5,000. Bobby never planned to actually paint the house, but made a habit of entering into contracts, taking partial or complete payment in advance, and never doing the work. Bobby got his friend, Beth, to talk to Harry about how competent and honest Bobby was, and explain that Harry should not be concerned about the quality of work or paying Bobby in advance.
Harry wrote Bobby a $3,000 check one week before the painting was to be started. Bobby transferred the check to Allison in exchange for Allison's car, which was worth $2,800. Before Allison had a chance to deposit the check, there were several news stories about Bobby and all the fraud he had been committing. Allison then transferred the check to Beth, who then transferred it to Cathy. Beth gave Allison value for the check, and Cathy gave Beth value. Explain the applicability of the shelter principle in this situation.
Movie attendance dropped 8 percent as tickets prices rose a little more than 5 percent. What is the price elasticity of demand for movie tickets? Could price elasticity be somewhat overestimated from these figures? That is, could other things have ch..
a researcher wishes to investigate the impact of immigration on the canadian labour market. she uses time-series data
Suggest at least one (1) method by which capitation rates are set for health maintenance organizations in Medicare. Provide one (1) example of an HMO with these types of set rates order to support your response.
what is the labor force participation rate? what was the labor force participation rate in 2008? how has it changed
A survey of 800 workers indicated that approximately 465 have invested in an individual retirement account. Motional data suggests that 48% of workers invest in individual retirement accounts. Test an appropriate hypothesis with a=0.05 and state your..
When the unemployment rate is high, we would expect that:
in which market structure model may firms earn economic profits in the long run?select onea. perfect competitionb.
what was an example of the significant run-up in oil prices from 2005-2010. an aggregate demand shock that increased the price level and increased the rate of growth of real GDP.
State the Law of Supply. Why do the supply curve slopes upward? State the Law of Demand. Why do the demand curve slopes downward? Explain why normal profit is an implicit cost (i.e., subtracted from accounting profits) in our definitionof economic tr..
Atlas Mines has adopted a policy of increasing the annual dividend on its common stock at a constant rate of 2.75 percent annually. The firm just paid an annual dividend of $1.67. What will the dividend be six years from now?
Normal 0 false false false EN-US X-NONE X-NONE Larue Tile and Carpets has ..
A manufacturing firm's specialty circuit board division has annual fixed costs of $100,000 and variable costs of $15.00 per board. If they charge $95 per circuit board, how many circuit boards must they produce and sell in order to break even?
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