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In 1907, the first U.S. Open Golf Championship was held. The winner’s prize money was $270. In 2012, the winner’s check was $1,470,000. Requirement 1: What was the annual percentage increase in the winner’s check over this period? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)
Requirement 2: If the winner’s prize increases at the same rate, what will it be in 2033?
The payoff to a company that enters is its gross profit minus its entry cost, while the payoff to a company that does not enter is 60. Find a symmetric Nash equilibrium in mixed strategies.
What is the optimal production quantity for the card - Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 4,700 and standard deviation 700.
Elucidate his production potential. In one person economy could this also be his budget line.
If portfolios are formed by randomly selecting stocks, a 10-stock portfolio will always have a lower beta than a one-stock portfolio.
he perfectly competitive form maximizes profits by producing 10 units of output. At what price does it sell these units.
What is allocative efficiency using the benchmark model?
how to compute implicit explcit and opportunity costs. jamal has a flexible job. he can work everyday but is allowed to take a day off anytime he wants.
Calculate the annualized inflation rate of the price of meat over the periods: (a) May-July 1923, (b) July-September 1923, (c) October 1923,(d) November 1923.
Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific, e.g., 9/11 attack, natural disaster, rise or fall in oil prices due to OPEC policies, consumer optimism or pessimism abou..
Examine your opinion on the death penalty. Defend why you are for the death penalty or against it. Be sure to be specific in your defense on your stance.
To reduce the costs of revolving insurance disputes, insurers have required that the customers use arbitration. Arbitrators are required to be knowledgeable about medicine and insurance contracts. Why might you participate that the arbitration mechan..
Find an article (newspaper, magazine or online) about the unemployment rate. Use the article to answer the following questions: What is the current unemployment rate in the US? Is the unemployment rate rising, remaining the same, or decreasing? There..
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