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Why does somebody investing for retirement use a stock mutual fund? What are they attempting to gain?
The game known as the Battle of the Bismarck Sea (named for that part of the south-western Pacific Ocean separating the Bismarck Archipelago from Papua-New Guinea) summarizes a well-known game actually played in a naval engagement between the United ..
What is wealth distribution? Why it became a major concern for developed economies especially since 1990s? What is wrong with a society with moderate income inequality but severe wealth inequality? What kind of measures can be taken for reducing weal..
A solution was provided for a hospital but was rejected by the board of directors because it was too expensive. Regardless of the solution provided for the hospital how can one determine where to cut costs in the proposal? What questions should you a..
If a firm’s short-run average total cost function and its short run variable cost function satisfy: SAC(200, w, r, K) = 16, SAVC(200, w, r, K) = 12, SAVC(400, w, r, K) = 16, at a specific wage w, a specific rental rate r, and specific fixed capital l..
Address the following: Price elasticity of demand refers to the percentage change in demand resulting from a percentage change in price. Please review the definition of relative inelasticity and relative elasticity. These terms refer to how much d..
Why is it so important to choose a market basket that reflects purchases that consumers actually make?
The effect on the economy of tax reduction and simplification is
Consider a model where we attempt to evaluate the effect of certain variables on the price of sex services. Suppose that the estimated coefficient on the "location variable" Hotel is statistically significant and equals 55.25. What does this mean? If..
In macroeconomics, international trades play a role in almost every item we purchase in our daily lives. For example, Colgate toothpastes are “Made in Mexico”, items that are “Made in China”, “Made in Malaysia”, etc. What are your views and opinions ..
Note - the company has 5 million shares of common stock outstanding. What is SteveCo's working capital?
Briefly critique the attached article in no more than the equivalent of 3 pages , focusing on the key environmental implications and economic arguments, with your personal reactions included.
Consider the following: “In 1973 several major oil producing countries formed a cartel. The cartel effectively decreased the supply of crude oil. Gasoline prices rose sharply as did the total expenditures on gasoline.” Use a supply/demand diagram of ..
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