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Why might someone with only $1,000 to invest in the stock market be better advised to put that money into a mutual fund that holds stocks rather than buying stocks directly?
If you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money.
The constant price elasticity of demand for cigarettes has been estimated to be -0.5. To reduce smoking by 50%, approximately how much tax needs to be added to a $1 pack?
A decrease in the Discount Rate is an indication that monetary policy is contractionary.
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
Consider the following firm with the production function Q=F(L)=2L^1/2. L=labor. Wage w=12. Fixed costs are FC=500(sunk cost). Derive the short run cost function. Graph this function using excel.
You make an investment of $12,000 in an account with an APR of 6% compounded monthly. (A) What is the balance in this account after 8 years? (B) If, after this initial 8 year period, you wish to make equal withdrawals at the end of each year for 5 ye..
Given a daily traffic rate of 6000 cars, a toll of $26.00 per car, and a price elasticity of -1.4. What would be the effect of a 50% decrease in price on the traffic rate and daily revenue?
Median length of stay was 1.1 days shorter when a hospitalist cared for a Medicare patient. Median cost per case was $853 less (excluding physician fees). There were no significant differences in mortality, 30-day readmissions, or transfers. Hospital..
There are 2 firms to consider here from 2 different industries. Determine the optimal price that both firms should be charging. Articulate which firm is more likely to earn ‘excess profits’ in the long run…and explain why this is your answer using yo..
Suppose a nation picks 1000 young adults at random to serve in the army. Illustrate what information do you need to determine the cost of using these people in the Army.
Price elasticity of demand tells us more about the consumers' purchases than the law of demand. Define price elasticity of demand. How does it differ from the law of demand? Explain why we need to calculate the absolute value of elasticity of demand.
How can understanding what kind of learner you are help you to determine which type of document would help you understand better: process explanation or instructions?
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