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1) “But in real-life America, and especially in the America of railroad men and new industrialists, laissez-faire was a dangerous idea” Explain.
2) The giant modern corporation did more than transform business into finance. It displaced classical ideas about American individualism” Explain.
In the 1960’s a group medical practice (Health Insurance Plan or HIP) undertook a large scale randomized trial to evaluate the effectiveness of mammography. The researchers followed the subjects for five years and recorded the number of deaths due to..
Illustrate what would it raise more money than today, less money, or the same amount of money.
Many antitrust authorities throughout the world have implemented leniency programs target at busting secret cartels. These programs offer immunity from prosecution to firms who blow the whistle on their co-cartel conspirators. Show how the leniency p..
A thirty year annuity has end of month payments. the first year the payments are each $120. In subsequent years each payment increases by $5 over what it was the previous year. Find the present value of the annuity if i=3%
Draw the function Y = F(K, L¯) in terms of Y and K, for some fixed L. On the same graph, plot the cost function for renting a certain amount of capital at a rental price of R, i.e. RK. For a profit maximizing firm, illustrate graphically how much cap..
As an economist working at the International Monetary Fund, you are given the following data for Brazil: predicted per capita GDP, relative to the United States, as given by y = k1/3, is 0.56, and total factor productivity is 0.36. What is the observ..
Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units o..
how to compute implicit explcit and opportunity costs. jamal has a flexible job. he can work everyday but is allowed to take a day off anytime he wants.
What amount of profit is the firm earning? Is this firm in a short-run or long-run equilibrium? Why?
The lunch you buy in your school cafeteria is classified as: a) a consumer durable. b) a consumer nondurable. c) a service. d)either a consumer nondurable or a service because it fits into both categories.
When advertising fosters brand loyalty, critics claim that it. A key determinant of recent labor productivity has been. When a profit-maximizing firm makes a decision to employ a worker, that decision is based on. For a perfectly competitive firm to ..
Suppose that the market price for a bottle of vitamins is $2.50 and that at that price the total market quantity demanded is 75,000,000 bottles.
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