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At a young age, Lita's coaches were confident she had the potential to be a world class swimmer. They encouraged her parents to do as much as they could to further develop her skills, because a future in Olympic swimming could set her for life, including promotional endorsements and coaching positions when her competitive days were over. After four years on an athletic scholarship and Olympic experience under her belt, she chose a different path. With her savings and personal connections, she rented a corner building in a bustling San Francisco neighborhood and pursued her dream: a surf shop business. After several successful years, Lita was certain that Adam Smith would smile because:
Select one:
a. Lita deliberately set-out to help others.
b. unlike most business owners, owning private property was not her concern.
c. he laid the foundation for her success: She had freedom of choice.
d. Lita chose a career where there was very little competition.
The World Bank is presently advising newly industrialized nations on how to encourage growth and they have asked for your help.
A firm operating in a purely competitive market has total cost function given by c(y)=y^2 +10 for y>0 and c(0)=0. (i) What is the firm's marginal cost function? (ii) What is the firm's average cost function?
The Fed should simply raise the money supply at same rate that full employment economy increase, and the government should desist from any stabilizing urges.
Describe the output level of the firm, the number of workers it employs and the profit of the firm.
Explain why do economists include only final goods in measuring GDP for a particular year and why dont they include the value of stocks and bonds sold?
company a is an american firm which produces engine for trucks. there is a huge growth potential exist for the american
Explain why risk-neutral people can make a profit off both risk-averse and risk-seeking people. You must use original numerical examples and EV equations to demonstrate demonstrate your answer.
Before 2005, economists estimated the cross-price elasticity between fruits and vegetables to be +1.5. Since the introduction in 2005 of the "New Food Pyramid", the revised estimate of the cross-price elasticity between fruits and vegetables is no..
Consider the market for fresh produce in Snowland. Fresh produce is produced expensively in hothouses in Snowland.
Two years ago I bought a new car for $36,000.If my monthly payment was $500.00 and my interest rate was 3% compounded monthly,how long would it take to pay off the loan?
Assume your boss purchase out every single pizza store in the US. Your cost-demand conditions are as follows: profit maximizing quantity - 60 pizzas; price - 20$ per piece;
A portfolio consists 20% of a risk-free asset and 80% of a stock. The risk-free return is 4%. The stock has an expected return of 15% and a standard deviation of 30%. What's the expected return? Show your working as well.
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