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Bob lost his job and had to move back in with his mother. She agreed to let Bob have his old room back on the condition that he pay her $1000 rent per year and an additional $1000 every other year to pay for her biannual jaunt to Florida. Since he is down on his luck, she will allow him to pay his rent at the end of the year. If inflation is 6% and Bob's interest rate is 15%, how much is the present cost (in year-1 dollars) for a 5-year contract? (Trips are in years 2 and 4.)
Efficiency is a central concern in microeconomics because: Which of the following would NOT shift the supply curve for ground coffee beans?
q. in 1999 mercedes- benz usa assumes a new pricing policy which it called nfp negotiation- free process that sought to
Aramco Inc operates in a competitive market with the cost function as follows: TC = 100 + q3 – 12q2 + 60q. If the price per unit is $ 20, find equilibrium level of output. Determine the shutdown quantity of this firm.
Describe and label substitution effect and income effect. How has welfare of representative consumer in Peru changed with increasing world relative prices.
Suppose that Noah and Naomi’s weekly production function is F (L, K) = 10L + K, where L is the number of assembly workers (labor) and K is garage space (capital). What is the general formula for their family of isoquants?
Which country's GDP is higher? Why?
Is it appropriate and ethical for employers to look into social networking sites of employees when they are not working? Argue that it is not appropriate and ethical..
Kelli likes to bake cookies and doesn't care whether she uses corn or safflower oil in her recipes. To her, they provide the same function and the same taste in her cakes and cookies. What do Kelli's indifference curves look like for corn oil and saf..
If a monopolist can represent the demand of its product as Q = 100 - P and its marginal revenue from sales as MR = 100 - 2Q, where Q is the quantity of production and sales and P is a uniform price charged to each customer, and has a constant margina..
Which of the following is an example of adverse selection?
If you were a supplier to the furniture producer, would have chosen to see the analysis performed in physical sales units rather than dollars of revenue.
Ang Electronics, Inc., has developed a new DVDR. If the DVDR is successful, the present value of the payoff (when the product is brought to market) is $34.7 million. If the DVDR fails, the present value of the payoff is $12.7 million. If the product ..
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