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Q1. "Dynamic rather than static demand and supply conditions are typically observed in markets of real world. Hence, comparative statics analysis has only limited value." discuss this statement.
Q2. A firm is expected to earn $10,000, $25,000, $48,000, and $75,000 during the coming 4 yrs after which it will be dissolved. What is the present value of the firm if the discount rate is 8%?
Q3. What is driving the latest return to nuclear movement-old nuclear plants being taken out of mothballs and refurbished be sure to discuss the demand for electricity and the concept that nuclear is cleaner than coal and who the special interest groups are that's involved?
State two economic principles of taxation and which principle best justifies the excise tax on gasoline, when the tax revenue is used to maintain or improve the roads.
A charitable university benefactor has decided to donate a large amount of money for student scholarships.
The biggest difference between Microsoft and software retailers is the market structure in which they operate.
An intraocular lens manufacturing is in the qualification process of a polishing machine.
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
What is the cross elasticity of demand for pipes and pipe tobacco.
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
If instead the Fed wants to stabilize aggregate demand, how should it change the money supply..
Write down the profit maximization problem of the representative firm. What is the new short run equilibrium price and production.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
Explain the argument that lower corporate tax rates can increase tax income in Kenya. Reflect on the Laffer curve in your explanation.
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