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Welfare Economics: main economic goals of a political-economic system are to promote efficiency (static and dynamic), equity, and macroeconomic stability.
a. Under what conditions will a free market meet these goals?
b. Identify a violation of these conditions that will lead an inefficient free market outcome. Prove your answer.
c. Do you think that conservative and liberal social philosophers agree on this list of goals?
What are the key management assertions related to equity? What are the most important assertions related equity? How will auditors test these assertions?
Given an initial deposit of $500,000, and a required reserve ratio of 15%: Calculate the simple money multiplier: Calculate the total change in the money supple from the deposit based on the new RRR: Is the decrease of the required reserve ratio fro..
Healthy Supplies, an investor-owned healthcare supply chain, just paid a dividend (D0) of $4.57 per share. The current price of the stock (P0) is $43 per share. The firm’s required rate of return is 12%. What is the stock’s constant growth rate? How ..
Having worked for many of the firms in the petroleum industry, you know that the price elasticity of demand for a representative firm is about −1.25. An industry publication recently reported that the Rothschild index for the petroleum industry is es..
quickly discuss the problems of measuring productivity in actual work situations. how might productivity be measured
What does the latest research say about the connection between customer satisfaction and customer loyalty? Do an Internet search of this topic and find specific statistics.
You are considering buying a piece of industrial equipment to automate a part of your production process. This automation will save labor costs by as much as $35,000 per year over 10 years. The equipment will cost $200,000. Should you purchase the eq..
GDP in an economy is $3205 billion. Consumer expenditures are $2417 billion, government purchases are $543 billion, and gross investment is $303 billion. Net exports are:
Net social benefits are maximized when:
Let X ∈ [0, 10] and y = f(x) = cx with c > 0. What is the slope of f(x)? Is it constant or it depends on x? What is the value of f(x) when x = 3?
Discuss how supply and demand would be affected under each of the four degrees of competition (pure competition, monopolistic competition, oligopoly, and monopoly). Give specific examples to support your response.
Describe the business and its likely main competitors and how would you structure your advertising and customer service to differentiate your product/service?
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