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In which of the three market arenas is each of the following goods traded?
a. US Treasury Bonds
b. An Amazon Kindly
c. A Harley- Davidson Softail motorcycle
d. the business knowledge of Dallas Mavericks' owner Mark Cuban
e. shares of Google stock
f. the crop harvesting abilities of an orange picker in Florida
If passengers can in effect sell their confirmed reservations when a seat shortage arises, why can't passengers sell their right to land at a crowded airport when a shortage of landing slots arises? Provide references please.
Suppose there are two types of people who need health insurance; high-risk and low-risk consumers. High-risk consumers have a relatively high probability of needing expensive medical care and on average incur $2,000 of medical expenses per year.
The general role of financial intermediaries is to:
Suppose you are a manager of a watch making firm in a competitive market. Your cost of production is given by C=200+2Q2 where Q is the level of output and C is the total cost.
Suppose you are choosing between milk and cookies. If the opportunity cost of cookies in terms of milk increases, then the budget curve will: A. An inward rotation of the budget curve B. An outward rotation of the budget curve C. A parallel outward s..
Many professional sports athletes have incentive clauses in their contracts. These indicate tha: a) the team owner has asymmetric information b) the athlete might engage in moral hazard, which the team owner wishes to avoid. c)the athlete might engag..
Compute average fixed cost, average variable cost, and average total cost for each quantity. What is the efficient scale of the painting company.
A firm that finds it extremely expensive to monitor the output of each worker will likely pay its workers
What are the major economic justifications for state intervention used by mercantilists? What are the major types of problems with state intervention as they pertain to international political economy?
Elucidate is it good for the economy to have more competitive markets.
Does the natural environment play any role (or any significant role) in the development of religious beliefs? Explain providing some examples. Why do some religions prohibit or encourage the consumption of certain plants and/or animals? For example, ..
Is the market for coffee perfectly competitive. Elucidate does the coffee market meet all six conditions of a perfectly competitive market.
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