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You want to produce 30,000,000 units of output. Your production function is Q = aK + bL. L costs twice as much as K per unit. If a = 2 and b = 1, how much L should you hire?
Expand on "Say's Law" to explain the "Laissez-faire" policy conclusion of Classical economics. Use the story of demand and supply to explain how flexible prices lead to self-regulation of the economy. With a natural tendency to full employment and ho..
Risk premiums on corporate bonds are anticyclical, decreasing during business cycle expansions and increasing during recessions. Explain why.
Are there any other financial issues that you have questions about? What else is not clear and/or you would like to know more about?
How might you increasingly connect your professional context to your scholarship? In contrast, how might you bring scholarly thinking into your professional
What are the economic and political arguments for regional economic integration? Given these arguments, why don;t we see more integration in the world economy?
The maker of a leading brand of low-calorie microwavable food estimated the following demand equation for its product using data from 26 supermarkets around the country for the month of April: Calculate the price elasticity of demand. Compute the inc..
A negative externality causes private markets to produce a level of output that is :
If he makes payments of $45 per month and the interest rate is 18% compounded monthly, how long will it take to pay off the loan?
(a) Construct a choice table for interest rates from 0% to 100%. (b) The owner will not open The North End unless he can expect a 15% rate of return.
Illustrate what marketplace structure did you assume. Would your answers in b change if the marketplace for sewing machines were competitive.
What are the various price discrimination strategies that restaurants in NYC can use in targeting their customers?
One U.S. dollar is trading on the foreign exchange market for about 1.47 Chesterfield ales (the Chesterfield currency). Therefore, one Chesterfield ale would have purchased how many U.S. dollars?
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