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"The theory of the 2nd best leaves welfare economists high and dry since not only does it abolish established objectives of 1stbest situations, but it also gives virtually no clue as to where the second-best position is, or even the appropriate direction of departure from first-best criteria". Discuss.
Alu City is a manufacturer of aluminum products for building industry and has experienced a high growth rate due to an increased demand. The corporation shares are currently being traded at 410 cents each share.
Discuss why does the value of output always equal the income received through the resources that manufactured the output?
What will be the effects of an increase in the money supply
Suppose that the following output and labor hours for Russia and Germany in manufacturing Wheat and Cloths
A corporation has issued convertible preferred stock to its venture shareholders. Every share of preferred stock is convertible into 0.75 shares of common stock and pays an yearly cash dividend of $0.13.
The German Chancellor Merkel stated that Europe is facing the biggest difficulty since WW2. Why? Determine the nature of this trouble?
In September 1983, it took 245 Japanese yen to equal $1. More than twenty years later that exchange rate had fallen to 108 yen to $1.
Information covering the most recent thirty days are given in the following table for the rate per gallon of regular gasoline at a local station.
The manager of a paper mill is making for her most important test yet. On Tuesday morning, she must testify before a senate committee to justify company's high value.
Assume that each United States worker can produce eight units of food or two units of clothing daily.
Suppose you wants to determine the total intrinsic value of a large gas and electricity utility company. This company has publicly trade stock and has been paying a regular dividend for several years.
Suppose that the corn production needs only land and can production requires only labor. The US can produce either seventy kilograms of corn or 100 cans in an hour.
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