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For this week's discussion, find and describe an example of a real-world auction. Briefly identify the participants and the rules of the auction along with the object(s) being auctioned. Then address the following questions:
Andre walks Julia's dog once a day for $50 per week. Julia values this service at $60 per week, while the op-portunity cost of Andre's time is $30 per week. The government places a tax of $35 per week on dog walkers. After the tax, what is the los..
Can you give some examples of these price differences from your experience at normal and upscale supermarkets? Visit a couple of same-industry stores such as Walmart and Whole Foods to collect data if necessary. (Related to Application 4 on page 3..
Q = 123 - 0.5P - 0.25 Pc + .01 Y where Q is the quantity of seasonal passes sold, P is the price for seasonal pass, Pc is the average price for concession items, and Y is average per capital income in Mapleville. what is the profit maximizing pric..
Consider a Stackelberg duopoly game of quantity competition. Firm #1 is the "Leader" and firm #2 is the "Follower." Market demand is given by the inverse demand function p=100-4Q.where Q=q1+q2 is the total output of the two firms.
Suppose that deposits and bank reserves pay no interest, and that banks lend deposits not held as reserves at the market rate of interest. Who pays the inflation tax (measured in nominal terms), and how much do they pay?
Comment on the following statement. "A depreciating currency puts domestic labor on sale."
A new drill press was purchased for $148,000 by trading in a similar machine that had a book value of $46,220, Assuming that trade-in allowance is $9,000 and the book value of assetraded in is $9,000 and Book value of asset traded
To save money, they can put up with some marks and stains. The frugal students are only willing to pay a premium of $8 for a new book instead of a used book. The remaining 300 students are fastidious about their textbooks.
Determines child test score in Kindergarten and this means that the total effect on test scores of giving the family another dollar is
Due to manufacturing error, a parasitic resistor Rp has appeared in the cascode stage of Fig. 11.90. Assuming λ = 0 and using Miller's theorem, determine the poles of the circuit.
Given a sample of n observations, the investigator estimates β2 by calculating it as the average value of Y divided by the average value of X. Discuss the properties of this estimator. What difference would it make if it could be assumed that β1 i..
What is the equivalent present value of the following series of payments: $7000 the first year, $6500 the second year, $6000 the third year, $5500 the fourth year, and $5000 the fifth year The interest rate is 10%, compounded annually.
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