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Robert Shiller asked a sample of the general public and a sample of economists the following question: "Do you agree that preventing high inflation is as an important national priority, as important as preventing drug abuse or preventing deterioration in the quality of our schools"? Fifty-two percent of the general public, but only 18 percent of economists fully agreed. Why does the general public believe that inflation is a bigger problem than economists do?
Consumers are always better off if a market is monopolistically competitive rather than perfectly competitive because of greater product variety. A monopolistically competitive firm sets price above marginal cost. A monopolistically competitive marke..
You have been asked to estimate the cost today of a 2,500 ft2 parking lot. You research and find that parking lots have a power-sizing exponent of 0.55 and that your company built a similar 1,000 ft2 lot 5 yrs ago that cost $50,000. You also find tha..
If the company has 3,500 shares outstanding and the risk-free rate of interest is 8%, calculate the price differential for this company.
Patrick chooses to use his time ‘free-time’: (a) working out or (b) reading. Patrick currently has 20 hours a week to allocate to these two activities. It takes Patrick 1.5 hour to work out and .5 hours to read. Patrick enjoys both activities, but he..
What single amount on October 1 , 2012 , is equal to a series of $1000 quarterly deposits made into an account ? The first deposit occurs on October 1, 2012, and the last deposit occurs on January 1 , 2026. The account earns 13% compounded continuous..
If the value of the marginal product of labor exceeds the wage rate, then a competitive, profit-maximizing firm would want to hire less labor. A competitive, cost-minimizing firm has the production function f (x,y)= x+ 2y and uses positive amounts of..
1. you are a commuter student at a local university. because of the steep rise in gasoline prices your parents decide
Some observes claim that laxity of the rules governing the creation, sale and purchase of some types of securities bear much of the guilt for the Great Recession of the early twenty-first century. Can you suggest some specific types of activity that ..
Investigate Starbucks Coffee Company commitment to and performance in sustainable business and discuss Starbucks Coffee Company in terms of sustainability, addressing the following:
Let the inverse demand curve be p(q) = a − bq. Suppose there are two firms, with constant marginal cost equal to C. If the firms are both located at 1/2, what are their equilibrium strategies and what is the equilibrium outcome?
the objective is to determine the optimal quantities to produce for each type in order to maximize profit. Formulate mathematical problem. Do not solve.
Conduct the final strategy selection and leadership plan for your company or organization. Use all of the tools necessary to summarize the strategic and implementation plan. The evaluation should be 3-5 pages in length, at least 3 references, and APA..
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