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Discuss the following statement.
[T]he point of a liberal market economy is that it civilises the quest for profit, turning it, willy-nilly, into an engine of social progress. If firms have to compete with rivals for customers and workers, then they will indeed worry about their reputation for quality and fair dealing-even if they do not value those things in themselves. Competition will make them behave as if they did. (The Economist,Sept. 29, 2001, p. 4)
Show how the transaction would have been recorded in the German balance of payments accounts. What was the net effect on the German balance of payments.
Thanks to many of you who posted the price of the Deep Sea Rolex. Some of you touched on the restriction that Rolex places on output.
Suppose the marginal benefit of writing a contract is $50, independent of its length. Find the optimal contract length when the marginal cost of writing a contract of length L is: What happens to the optimal contract length when the marginal cost of ..
How would I find the mean of the sampling distribution? the value of the sample statistic and the p valve.
Farm must decide whether or not to purchase a new tractor. The tractor will reduce costs by $2,000 in the first year, $2,500 in the second and $3,000 in the third and final year of usefulness. The tractor costs $9,000 today, while the above cost savi..
Two countries, X and Y, satisfy the Solow model with α = 1/3 and productivity A=1. In Country X, investment is 54% of GDP and the population grows at 1% per year. In Country Y, investment is 8% of GDP, and the population grows at 3% per year. In both..
The demand curve for gasoline slopes downward and the supply curve for gasoline slopes upward. The production of the 1,000th gallon of gasoline entails the following:
Sam sells property to Betty and delivers Betty a deed that says "This property is conveyed to Betty so long as she never operates a bar on the premises." If she operates a bar on the premises, Sam Seller may take possession of the property.
As you pointed out "it is used by companies to gain a profit." How? How do you use fixed and variable costs in break even analysis? Where do "changing costs
Bank of America is involved in the banking of over 80 countries and helps countries to finance the government as well as businesses. Bank of America has the largest market share in the banking industry. Is it a monopoly that controls the entire banki..
Calculate the midpoint price elasticity of demand between $9 and $10. Is the demand in this range elastic or inelastic? Calculate the midpoint price elasticity of demand between $10 and $11. Is the demand in this range elastic or inelastic?
If the relevant discount rate is 5.5 percent, what is the present value of this liability?
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