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Costco vs. Hewlett Packard. Costco uses an entry fee (membership fee) and then charges P=MC. Hewlett Packard subsidizes purchase of printer and makes money on the ink. Please explain
For several decades the labor force participation rate of women increased steadily but average hours worked per employed woman decreased steadily. Holding all other factors constant, could rising wage rates of women explain both phenomena? Explain.
The Fed can reduce the money supply by,
Georgi Rostov deposits$3,000 in a savings account that pays 6% interest compounded monthly. Three years later, he deposits $4,000. Two years after the $4,000 deposit, he makes another deposit in the amount of $6,000. Four years after the $6,000 depos..
What authority, if any, should the medical profession have over insurance companies and / or the government dictating how often and at what price
Suppose the market demand and market supply curves are given by the following equations:
Caroline has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an accounting firm’s website in exchange for someone doing their tax returns. Which of the following principles of economic in..
In 2001, an outbreak of hoof-and-mouth disease in Europe led to the burning of millions of cattle carcasses. What impact do you think this had on the supply of cattle hides, hide prices, the supply of leather good, and the price of leather goods? Can..
First, use a T-account to show how a $100 deposit affects the balance sheet. Separate the funds into required reserves and excess reserves using a required reserve ratio of 0.1. Second, demonstrate what happens to the balance sheet when the bank loan..
The relationship between a worker’s daily wage, w, and her daily output, q, is q = 0.1w22 – 0.0005w3 so that the worker’s marginal product with respect to her wage is MPw = 0.2w – 0.0015w2. What is the optimal efficiency daily wage for the firm to pa..
Harvery is faced with a lottery where he has a 25 percent chance of winning $10, a 25 percent chance of winning $30, and a 50 percent chance of losing $30. What is the expected value of the lottery? Will Harvey accept the lottery if he is risk neutra..
Find two or more articles in the Wall Street Journal or other business publications that describe changes in fiscal and monetary policies in the United States. Write a five- to six-page paper answering the following regarding policy changes that are ..
Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition. Will this necessarily result in more revenue?
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