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Q. Get an answer from tutors to this homework question now:
1.Explain how does the existence of money reduce the costs of making transactions, relative to a society which is based totally on barter? English is becoming the usual language for international transactions, even if the language of neither country is English. How it reduces the costs of transacting?
2. There are two goods in the economy, anchovies (a fish) and bananas (a farm product). Draw the economies production possibilities before and after a natural disaster which lowers the banana harvest but does not affect anchovies.
The salvage value of either alternative is negligible at any time. If MARR is 10% per year, what present expenditure for the auxiliary equipment can plan you justify spending? Assume that you need the heating system infinitely.
The U.S. cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Illustrate what effect will this have on its optimal price.
Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure.
Calculate the breakeven value at the low price of the data item that you consider most likely to be unreliable.
Decrease costs across the board. Find out elasticities of the products and increase the price on the inelastic shoes.
Compute the current yield, the coupon rate, and the yield to maturity if the bond is puchased for $940.
The country of Meditor uses the merit as its currency. What were its consumption and government expenditures on goods and services.
the participation rate 60 percent, 200 million people 16 years or older are not in the labor force. How many people are in the working-age population in this economy?
Evaluate and discuss strengths and weaknesses of both approaches. Discuss any improvements in selection process of either firm that you would recommend.
Compute total revenue, total cost also profit at each quantity. Illustrate what quantity would a profit-maximizing publisher choose. Illustrate what price would it charge.
What is the external cost per unit of output?b. What level of output will be produced?c. What level of output should be produced to achieve economic efficiency?
Determine the point price elasticity of demand for Tweetie Sweeties.Determine the advertising elasticity of demand.What interpretation would you give to the exponent of N?
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