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Answer the following questions
1. Explain the law of demand and its exceptions.
2. State the determinants of demand.
3. Explain about income demand.
4. Explain about cross demand.
5. Explain about the changes in demand.
6. Explain the types of elasticity of demand
Please give practical examples and apply micro-economic theories and concepts to these examples.
What nominal annual interest rate is the bank actually charging for this loan?
Explain the concept of mark-to-funding accounting rule, proposed by Brunnermeier Et.al.(2009) ? How can this rule help reduce the problem caused by the mark-to-market rule ?
XYZ Machining Inc. is considering the purchase of a small truck car at a cost of $18,000. The truck is expected to have a service life of eight years and a salvage value of $2,500. Develop the complete depreciation schedule for the truck showing year..
If the seasonally unemployed no longer qualified for unemployment insurance benefits, then we would expect...
A total of 10 players are each choosing a number from (0,1,2,3,4,5,6,7,8). If a player's number equals exactly half of the average of the numbers submitted by the other nine players, then she is paid 100 dollars; otherwise, she is paid 0. Solve for t..
In terms of the shareholder wealth maximization model, if the expected future profits of a firm are cut in half, what should happen to the share price?
Imagine that you are part of the marketing management team at Home Plus, a regional discount big-box retailer who competes with Wal-Mart and Target. Home Plus currently focuses on offering a broad range of discount consumer goods, from small home fur..
Find the probability that a course has NONE of these two requirements.
Calculate the PW of a Ph.D. degree over a B.S. degree using the data from Example 5.7. Assume that graduate school takes 5 years to complete.
Illustrate what is most X that can be produced? most Y. Illustrate what is formula for opportunity cost of X in terms of Y in this economy.
What are some of the larger issues that Microeconomics attempts to address? How is this different than what is examined in Macroeconomics? What can the science of Microeconomics use as examples of why this matters/how it has been successful?
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