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Suppose you can hire your mechanic for up to six hours. The total benefit and total cost functions are B(H)= 400√H and C(H) = 100H. The corresponding formulas for marginal benefit and marginal cost are MB= 200/√H and MC(H) = 100. What is your best choice?
1. Explain Opportunity Cost and provide an example. 2. What is the difference between absolute advantage and comparative advantage? What is the benefit of trade?
A financial advisor at Diehl Investments identified two companies that are likely candidates for a takeover in the near future. Eastern Cable is a leading manufacturer of flexible cable systems used in the construction industry, and ComSwitch is a ne..
"Too Big to Fail" is title of a book and a movie by HBO. It refers to the bailout of the major financial institutions that began in 2008, and at the time there was concern,
Elucidate what were some changes of the demand and supply fconditions that lead to the housing market bubble and collapse.
Discuss the short-run movement toward equilibrium in the currency markets in a flexible exchange system.
Media Corp. has determined that its customer base is divided into two groups: sports fans and news junkies. There are one million sports fans and one million news junkies.
A tariff is simply a tax on imports. Use our model of the excise tax (with diagram) to describe why domestic firms request that tariffs be imposed.
List three factors that can change the economy's potential output.What is the impact of shifts of the aggregate demand curve on potential output?Illustrate your answers with a diagram.
One of the major issues in macroeconomics is disagreement in the debate over policy activism versus policy rules. Illustrate what exactly is that disagreement.
Calculate the velocity and acceleration vectors and the speed at t=pi/4 for a particle whose position at time t isgiven by vector r(t)=(cost t) i +( cos 2t) j +( cos 3t) k.
Based on your research, AT&T has spent over $15 million on related paperwork and compliance costs, Moreover, depending on the locale, telecom taxes can amount to as much as 25 percent of a consumer's phone bill. These high tax rates on telecom ser..
Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate and which contract should the player accept, based on the concept of present valu..
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