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Discuss fully by appealing to theory and using examples, why a no-arbitrage condition is expected to hold for transactions involving exchange rates both spatially and inter-temporally if the foreign exchange market is assumed to be efficient
Why are costs important in economics? Why don’t economists use the same cost data as accountants use? What is the real cost of putting an unemployed laborer to work raking leaves or digging holes and refilling them during a severe recession? Explain.
Foster and Kaplan, drawing on research they’ve conducted at McKinsey & Company on more than 1,000 companies over 36 years show that even the best-run and most widely admired companies are unable to sustain market beating levels of performance for mor..
q. in 1976 the parents of a seven year old boy sued a new york hospital for 3.5 million. the boy was blinded shortly
What is the marginal revenue of a firm that sells a product at the price of $15 and the price elasticity of demand for the product is -2? What is the price elasticity of demand of a firm that sells a product for $20 and marginal revenue is $12?
What is the current macroeconomic situation in the U.S.? What should the Fed do about it? What monetary policy tools should the Fed use to achieve the result(s) you just recommended?
If real GDP in 2004 using 2003 prices is higher than nominal GDP of 2004, then
Suppose that your employer offered you $4,000 in cash instead of health insurance coverage. Health insurance is excluded from state income taxes and federal income taxes. (To keep the problem simple, we will ignore Social Security and Medicare taxes...
Transitivity is a necessary but insufficient condition for preferences to be rational. A bundle with u=10 is preferred exactly twice as much as a bundle with u=5
Consider a bond that has a present value of $1,000. If the annual rate of interest is 7 percent, the future value of the bond after a year is
In a Price Taker market, with a total fixed cost =$200 Also given Output per month (3) tons, Total Cost = 1550, Price per ton = 500,. How would I calculate (and what formula would I use for each), Marginal Cost (MC), Average Variable Cost (AVC), Aver..
Consider a two-period economy with a single commodity (say leisure): x1 is the consumption of leisure in period 1, and x2 is the consumption of leisure in period 2. When Peter evaluates consumption streams, he cares only about the best time in his li..
A consumer has the utility function U(x,y) = x^αy^β, where x≥0 and y≥0 represent her consumption of goods X and Y, and α>0 and β>0 are exogenous parameters. Calculate the consumer’s demand functions for good X and (separately) good Y. These demands m..
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