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What are the implications of BitTorrent for the music industry? For the motion picture industry?
The supply and demand schedules for tickets to basketball games in town of Oakwood are given in the table below.
The interest earned is deposited back into the sacinvgs account each month. How much is this account worth 28 years? Answer to the nearest dollar.
Explain how "Black markets" impact economic actives: please explain in detail and use a supply and demand graph for your examples
Explain the interdependence of Banks and Railroads and what effect it had on economic development. Explain why southern railroads had a much more difficult financial time then did railroads in the north.
What is the present value of the following future receipt: $16,000 63 years from now at 10.5% compounded annually? What is the accumulated value of series of payment of $ 250 at the end of each year for 25 years at 12.5% compounded annually?
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/20,000, making the marginal revenue MR=1.70-Q/10,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. So, the total cost is..
If the nominal interest rate is 4 percent and expected inflation is 1 percent, what is the real interest rate? Suppose instead that the nominal interest rate is 80 percent and the expected inflation rate is 40 percent.
There have been tariffs on imported steel to 'protect' U.S. steelworkers. Who do the tariffs harm and who do the tariffs help?
Consider two firms, located at each end of a street of length 1. There are customers uniformly distributed along this street. Customers incur transportation costs TC = 2x2, where x is the distance they need to travel in order to purchase the product...
Consider a city that has decided to impose a pollution tax on its polluting firms. How would wages and employment be affected? How does the result depend upon the elasticity of supply of labor with respect to environmental quality? The wage elasticit..
Imagine that last year, Jennifer earned $80,000 in salary, and consumed $50,000 in goods and $23,000 in services. How could we best categorize the remaining $7,000.
It is impossible for a price change to cause no substitution, income, or toal effects. If you believe the statement is false, sketch a graph demonstrating how a price change could cause no substitution, income, or total effects. A large pharmaceutica..
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