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Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior? Given your understanding of behavioral economics, how would your decision differ today?
The owner of a new health spa estimates the avg customer's monthly demand for visiting the spa as Q-50-.25P. The cost of operating is C(Q)=3Q, where Q is the # of visits. The owner has been charging a $20/month membership fee and a $5 per-visit fee. ..
Brad will graduate next year. When he begins working, he plans to deposit $3,500 at the end of each year into a retirement account that pays 5% interest. How much will be in his account after 40 deposits?
What rate of return is earned by purchasing the bond at the current market price plus a brokerage charge of $20?
MNE's frequently change their charging strategies with their subsidiaries depending on the strength of the dollar, local versus home taxes, need to bolster port
A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15, $14, $13, $12, $11, $10, $9, $8, $7, $6, $5. Eleven sellers are also willing to sell at the same prices. What is the equi..
What are the benefits of specialization of production? What is an import? Export? What does it mean if a country has an absolute advantage in production of a good over another? What are some of the arguments in favor of international trade?
Discuss the structure of non-point-source (NPS) pollution and economic policies that can be more or less effective in reducing it. In particular discuss the application of the rule that “marginal abatement cost should equal marginal benefits from aba..
Suppose that a U.S. dollar buys more gold in Mexico than it buys in Japan. What does the law of one price imply will happen?
What explains the rapid growth in private investment in e-commerce firms in the period 2011–2012? Was this investment irrational? Despite the popularity of Facebook, why was its IPO deemed a failure?
What is the difference between Microeconomics and Macroeconomics? What is the definition of a market failure? Why do they occur? When and where did the modern business cycle begin? Define and describe different types of market faliure. What is the de..
1. Let's suppose you are going to borrow $10,000 on October 1, 2017. You have two re-payment options:
What do these values mean with respect to inequality? (The area between the Lorenz curve and the outside of the box is 0.33 for 1990 and 0.27 for 2000).
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