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In economics, we assume people are rational, and rational people are self-interested. Explain the concept of self-interest, and how it is different from the word "selfish" in its common use. If we assume everyone in society is self-interested, wouldn't that make the pursuit of self-interest bad for the interest of society as a whole?
What is the division of labour and how is it connected to the wealth of a society?
In the former Soviet Union, people often resorted to black market transactions preferring them over waiting in long lines for goods and services.
Show the total depreciation taken (=sum( )) as well as the PW of the depreciation charges discounted at the MARR%.
Two firms compete in an undifferentiated Bertrand market. Suppose that the firms face a demand curve given by P = 60 – Q and both firms have constant marginal cost of 40. What is the market clearing Bertrand price and quantity?
1. There are 1200 people born in a community every period. Each is endowed with one good and lives 3 periods. After one period, they will find out whether they
An employee has been offered a 5 year contract for a position at a company. Assume, initalliy that the salary is paid only at end of year and the interest rate is 0.375% bimonthly. You estimated that your living expenses to be $3,400 per bimonthly pa..
The purpose of this assessment is to help you analyze the factors that lead to fluctuations in the oil prices. Assessment Description: Use a credible source to research oil prices. Based on your research, answer the following questions: Why is the pr..
If this plan were carried out, what would be LC's new WACC and total value?
Which of the following would cause a shift of the supply curve for hot dogs check all that apply?
Show the relationship between total benefits and total costs when a market economy is in general equilibrium. What is meant by "general equilibrium" and how is it different from "partial equilibrium"?
To close an expansionary gap, the Fed ______ interest rates which ______ aggregate spending and ______ short-run equilibrium output.
illustrate what would take place in the US marketplace for loan able funds. In particular to US interest rate, savings also investment.
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