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Q. Throughout history, the most popular form of money has been gold.
a. Give three reasons why gold has been such a popular form of money.
b. What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials? Explain your answer.
c. Suppose that a nation's money supply consisted of silver, gold coins, copper as well as paper currency. Moreover presume that worldwide value of gold began to increase dramatically. Explicate what holders of gold could be expected to do with their gold coins.
What is the unregulated competitive equilibrium. What is the unregulated monopoly equilibrium.
What performance % would you use to trigger executive bonuses for that year.
If other people exploit the same opportunity, what will happen to the cost in Thailand as well as in Malaysia.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
Clarify what happened to the profit maximizing output rate when input costs were increased.
Required all pharmaceutical firms to sell their drugs in a competitive market with no ability to patent their break.
Firms raise capital from investors by issuing shares in the primary markets
How many units of good X will be purchased when Px=4910, determine the inverse demand function for good x.
At a separating perfect Bayes-Nash equilibrium, what is the maximum amount of advertising that a restaurant conducts. What is the minimum amount.
What are the factors that will allow them to increase their added value in this type of competitive environment.
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
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