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Q1. What is the rationale behind the mini-max regret rule? Illustrate several less formal and precise methods of dealing with uncertainty? Explain when they are useful?
Q2. Why are so many of the large industrialized nations like U.K., France, U.S., Japan which running continuing large federal deficits and what must be done to avoid default?
Q3. What do you imagine about the interest on payday loans is too high or just right? Christians be supposed to charge poor people interest on loans?
Q4. (a) Illustrate when the NPV and the IRR methods of evaluating investment projects provide contradictory results? (b) Also explain how can this arise? (c) Which method should then be used? Why?
Calculate the point elasticity of the firm's total sales revenue with respect to the amount of labor used when q = 2.
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
MMM expects to generate $60,000 in earnings that will be retained for reinvestment in the firm this year.
Does the aggregate demand-aggregate supply model support Bernanke's thesis.
How much should it raise government spending, if the government looks to raise income to 3000.
Why did people believe the difficulties Aisian economies were expericing in 1997-1998
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
the mainstream theory of the business cycle, is the most common source of reciession: a decrease in aggregate demand, a decrease in aggregate supply, or both.
When you purchase and eat a hamburger, no one else can eat the same hamburger. When you download a file on the Internet, the file is still available.
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
Identify your fixed and variable costs at your fast food restaurant, and explain the changes to each of these costs, given the increased demand.
Define Mercantilism, Pick a country and talk about the products they import and export with the U.S.A. Also talk about the composition of trade with relation of abundance of the two countries
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