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A lottery winner wins the One Million Dollar Prize. She finds out, after winning, that the payments are actually made annually over the next 20 years in installments of $50,000 each. What is the value of the prize today if ROI is 8%?
q1. decreased by 4.86 per day wait for a new-patient appointment and by 5.20 per minute wait in the reception room p.
Describe how a developing/emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages. How can they benefit from trade with a poor country?
Two common drawbacks of Pigouvian subsidy mentioned in the literature are related to monetisation and measurement of social cost (Baumol) and reciprocity of social cost (Coase). What alternatives to Pigouvian taxes are proposed in the literature? Hav..
Deficit spending results whenever the government. Issues bonds to finance. Finances current expenditures that exceed. Refinance the dept. none of these choices
Explain the "common interest logic" and the "economic logic" of group behavior in terms of the likelihood of the success of groups.
Despite ongoing debates about the appropriateness of macroeconomic policies, many macroeconomists have reached a modern consensus on several important issues.
If policymakers increase aggregate demand, the price level
Suppose the own price elasticity of demand for good X is -0.2, and the price of good X decreases by 10%. We would expect the quantity demanded of good X to:
According to the equilibrium principle,
1. Data for the market for graham crackers is shown below. Calculate the elasticity of demand between the following prices.
A Nash equilibrium is said to occur when,
Movie time is a theater chain thinking of opening a new theater in a town. It is trying to decide whether to build a large theater or a small one. Estimates indicate that the small theater size would be large enough to handle demand, but Movie time i..
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