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Question: Thinking about famous corporate scandals like Enron and WorldCom, some analysts have suggested that these are the tip of the iceberg and that there are many other large corporations whose problems have not yet been made public. Give two reasons for taking this argument seriously, and two reasons for not taking it seriously.
What information do you need to find out whether a Cobb-Douglas utility function describe substitute, complement, or neither goods? How do you determine which is which?
Petunia's Farm produces and sells milk. The market for milk is perfectly competitive. The market price of milk is $2.50 per gallon.
Discuss the costs and benefits of having a minimum wage. Use the jargon and analysis learned from class to write your paper (i.e. Supply and Demand, Surplus, deadweight loss etc.).
Draw indifference curves to represent following types of customer preferences. Marie likes milk, but neither likes nor dislikes coffee. Marie likes coffee with milk but she always wants 1 cup of coffee with half a cup of milk.
What is the total revenue for U.S. wheat farmers in 2006 and 2007 and calculate the price elasticity of demand for winter wheat.
Lady Wellesleigh makes silk purses out of sows’ ears. She is the only person in the world who knows how to do so. It takes one sow’s ear and 1 hour of her labor to make a silk purse. She can buy as many sows’ ears as she likes for $1 each.
how did the bretton woods system operate? what caused its collapse? some think the current system of managed but
car breaks down and you are deciding to have it repaired. The most relevant issue in this economic decision is:A. How much you spent on past repairs on the car B. How much you paid for the car when you bought it
Assume that the following equations characterize a small open economy
Whichever way you've chosen to model this problem, execute a linear regression. For one time in your life, you are going to be calculating the slope and intercept estimators in EXCEL
What is the average income of the bottom 20 percent of the households? Which poverty measurement gives a higher poverty rate?
When the economy is operating at full employment, why is an increase in aggregate demand not helpful to the economy? When the economy is hit with a supply shock, such as oil prices rising from $25 a barrel to $75 a barrel, why is this double disrupti..
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