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What are the primary sources of funds for new business owners? Why is this so common?
A market in which there is an additional transaction that would benefit a buyer, a seller, and any third parties affected by the transaction is called. In the case of spillover benefits or costs,
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.
Growth accounting. A country’s labor force grows 1.2 percent and its capital stock grows 3 percent. Assume that labor share of output is 0.25 and capital share of output is 0.75. If the economy grows 4.55 percent, how much does total factor productiv..
A student taking economics, statistics, and finance has decided to spend 9 hours per week studying. The objective is to maximize the average grade, which means maximizing the total grade in the three courses. How should the student allocate her time?..
What is the efficient level of for this firm? How much profit would Elm Industries earn at this level of production? How much would total damages be? What would be the net benefits?
find marginal cost of last unit produced. What is firms percentage mark-up of price over marginal cost.
The probability of making exactly four sales. b. The probability of making no sales. c. The probability of making exactly two sales. d. The mean number of sales
Goal of this assessment: To understand the process to make a full page advertisement for an organization.
The company’s MARR is 24% per year, compounded monthly. What is the maximum price Shockers Company should bid for PGP?
Suppose Merck is developing new drugs that have positive externalities; the positive externality is a pharmaceutical technology we all benefit from. Let the supply curve for Merck’s production be P =Q/4, where Q is the number of units of drugs they’v..
The consumers’ surplus represents the total savings to those who are willing to pay more for a product in a monopoly situation, but are able to buy the product for a cheaper price due to a free-market environment. Find the consumers’ surplus at a qua..
Suppose that new government spending increases lifespans. In our model what should be the effect of this on hours worked per person in a given time period? Does it matter whether government spending adds extra years to the lifespan of living adults w..
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