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1. Facebook is by far the largest social-networking website in the world. Explain how network externalities help Facebook maintain its position as market leader.
2. The way to maximise utility is to set the per-dollar marginal utility of each good equal to each other. True/false? Explain your answer.
To reduce its exchange rate risk, TJ has the opportunity to purchase a forward contract from Chase Bank.
Draw the prisoners dilemma payoff matrix. What are the dominant strategies in this game?
An industry consists of a dominant firm with costs C(Qd) = Qd and 8 identical fringe firms, each with costs c(q) = 1 + q^2. Market demand is Q = 20 - p. What is the supply schedule for a fringe firm in the long run? Sketch the supply. (You would need..
Indicate how each of the following factors will change the individual demand curve for aspirin tablets:
Illustrate what public policies might be used to address one of the problems you identified in your response to the question above.
Two plans have been proposed for an express passenger train between Springfield and Kansas City. The plans are summarized in the table below. Costs and benefits are in millions of dollars. Assume a MARR of 10%. If neither plan is done, then there wou..
Imagine that a $10,000 ten-year bond was issued at an interest rate of 6%. You are thinking about buying this bond one year before the end of the ten years, but interest rates are now 9%. Calculate what you would actually be willing to pay for this b..
1. Explain the main arguments in favor of economic stabilization during recessions. Explain why policy lags could make stabilization policies counterproductive.
Some politicians of late have been talking about limiting the power of the Federal Reserve or abolishing it altogether. What arguments do they use to support their point of view?
Given your answer to 6.b, what is the total cost of producing 49 Pixel 2 (at this cost minimizing amount of Capital and Labor).
Construct a? 99% confidence interval for the population proportion. Interpret the results.
Mr Patel runs a motel in Tampa, FL. The market is highly competitive since there are many hotels in the surrounding areas and the average room rent per night is $35. There are 30 rooms are Mr Patels motel and each room can be rented for 30 nights a m..
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