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Suppose a group is trying to decide between 3 alternatives: A, B, and C. Using some voting rule the group ranks the three alternatives and we can see that they prefer alternative A over alternative B. Then, the group is presented the same three alternatives (A, B and C) as well as a 4th alternative D. The voters’ individual preferences have not changed. However when the voting rule is used to rank the four alternatives we find that the group prefers B over A. Tell me which of Arrow’s assumptions was violated and carefully explain why.
An interest rate of 10% compounded continuously is desired on an investment of $15,000. How many years will be required to recover the capital with the desired interest if $2,030 is received each year?
An ice cream company has hired two sales persons to run two ice cream stores on a beach. These two employees will receive a fixed salary regardless of the number of ice creams that they sell and they have to charge the same price set by the company. ..
What is the implicit discount rate - What is the efficiency (in %) of a plant with a heat rate of 9,500 and build the supply curve
Illustrate what role does Macroeconomics play in your personal financial decisions and that of your place of work or firm you are familiar with.
Construction-based business of your choice and explain stakeholder theory to illustrate the primary interests of the stakeholder groups and identify any areas of potential conflict between the stakeholder groups.
Free international trade enables all nations to gain from specialization and trade. To what degree can the United States save jobs, compensate for low foreign wages, compensation for costly environmental policies and protect developing nations from b..
Using a supply and demand diagram and a "tax wedge," show whether the buyers or the sellers will bear the bigger burden of a soda tax. Please actualy draw the supply and demand diagram for a full rating!
A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. As per to these numbers the hospital cost about how much in 2000 dollars. Explain the price of a good is above equilibrium.
What is the present worth of this alternative? What is the annual cost of this alternative? What would its present worth be if its life was shortened to 25 years in order to compare it to another alternative of that length?
We suggested above that an annually increasing renewal fee would be an efficient means of setting optimal patent life. Similarly, suppose that owners who wanted to restrict future use of their property had to pay a fee for each year that the restrict..
What are the essence of TRIP, TRIM and GATS agreements? What are the implications of these agreements for the development of LDCs?
The most likely reason that oil prices spiked during 2007-2008 was because
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