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Compare and contrast the market economy to the command economy? What kind of economy do we have here in the U.S.
How much control might an organization have over pricing based on a product's elasticity. Discuss which of elasticity rules you used to determine your answer.
Podunk, Inc. has been making widgets by hand (using no machinery at all) for years. Their production function has been q=0.9L. Recently, they purchased high-tech machines to aid the workers. Unfortunately, none of the workers can figure out how to us..
In January 1991 the Consumer price index (CPI) was 134.6. In October 2015 (the November CPI is not yet available, so use the October CPI for this problem) the CPI was 237.8. Using January 1991 as the base period, what was the real (inflation-adjusted..
Which of the following is true regarding the grand jury system?
Use the concept of "optimum fringe benefits" to assess the wisdom of Congress mandating that employers offer some specific fringe benefit (daycare for children of employees, say) free of charge.
A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3867 per year, paid at the beginning of each year, in which case maintenance is provied. Alternatively, she can buy a used..
Consider a two-period economy that has at the beginning of period 0 net foreign assets of 100. In period 0, the country runs a current account deficit of 5 percent of GDP, and GDP in both periods is 120. Assume the interest rate in periods 0 and 1 is..
Suppose that sellers value a good car at $10,500 and a bad car at $5,500, and quality is not observed by the buyers. What is the highest price that risk-neutral buyers will offer for a used car if they ignore adverse selection when 60% of the cars ar..
In January 2007, XM enjoyed about 58 percent of satellite radio subscribers, and Sirius had the remaining 42 percent. Both firms were suffering losses, despite their dominance in the satellite radio market.
You decide to purchase a new home and need a $200,000 mortgage. The interest rate is 4%. What is the yearly payment to the bank.
Were multiple people involved? Reflect on some ways to mitigate these incidents surrounding fatalities within confined spaces.
The two largest parts of the federal revenue system in the United States are the payroll tax and the individual income tax. What can we say about the compliance costs of these two taxes? a)The income tax has lower compliance costs. b)The payroll tax ..
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