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Is the stock market efficient? Explain Why you hold this opinion. How does your position on the question of Market Efficiency impact your investment style and specific decisions you make about whether to buy or sell a stock?
Consider the model of land assembly (under the topic Eminent Domain). Specifically, assume that a buyer want to buy two contiguous properties owned by two different owners. You can assume that the properties are identical in all respects. There two p..
Assume that a “leader country” has real GDP per capita of $40,000, whereas a “follower country” has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 5 percent..
Do you favor tariffs and quotas by the U.S. on international trade? In what circumstances? What kinds of products? And why? Are you concerned about retaliatory tariffs and quotas as a result of our action? Are there economic-analytical consequences f..
Even those who were not directly affected by the destruction were hurt because businesses failed or contracted and jobs dried up.
if property rights are easy to assign and transactions costs are particular low, then
question 1the difference between game trees and decision trees isselect onea. that game trees are not useful in
In the case of a deadweight loss, marginal cost exceeds marginal revenue. Deadweight loss would be eliminated if price and marginal cost are equal.
A plant making 2000 tons/year of a product selling for 50.80 per lb has variable cost of $2 million at 100 per cent capacity, and annual fixed costs are $700,000. What is the fixed cost and product cost per pound at the break-even point? What is the ..
John Richards, CEO of Richards Construction builds custom high end garages for car collectors in a booming community in California. Although sales have slowed because of a national recession, it now looks as if the recession is about to end. Suppose ..
Assume that fiat money and capital are perfect substitutes as assets and that individuals wish to hold the one with a higher rate of return, but that it takes time to adjust capital holdings. In equilibrium individuals hold both assets. What is the e..
Insert a paragraph or two that summarizes your knowledge of conflict management techniques, how you gained this knowledge, and provide examples of how you have applied this knowledge throughout your personal, academic and professional experiences
A firm in a purely competitive industry is currently producing 1,000 units per day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300, and if it produced 500 units per day, its total cost would be $275. If e..
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