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Carefully explain the difference between the strong* and weak* versions of the efficient markets hypothesis as we have used these terms. Then explain why weak* efficiency need not imply strong* efficiency.
Why is it that international trade is based on comparative advantage and not an absolute advantage? explain the difference.
Explain the economic effects of spillover benefits? Thoroughly and completely explain how spillover benefits are corrected and the economic implications of the corrections?
Suppose your company runs a shuttle business of a hotel to and from the local airport. The costs for different customer loads are:
You are Chair of the Federal Reserve Board. In your meeting with the Federal Open Market Committee, the committee unanimously votes to increase the money supply using open market operations (OMOs). During the press conference after the meeting a repo..
New microelectronics testing equipment was purchased 2 years ago by Mytesmall Industries at a cost of $600,000. At that time, it was expected to be used for 5 years and then traded or sold for its salvage value of $75,000. Determine the values of P, ..
Assume the two newspapers merge. Illustrate what is the likely post-merger bargaining outcome.
Illustrate what other additional information do you need, and how would you proceed if you had that information.
How might market factors affect the scale of production? Why may a small business owner want to avoid growth
Suppose you can hire your mechanic for up to six hours. The total benefit and total cost functions are B(H)=420H-40H^2 and C(H)=100H+120H^2. The corresponding formulas for marginal benefit and marginal cost are MB(H)=420-80H and MC(H)=100+240H. Write..
Points that lie outside the production possibilities curve are ______, and points that lie inside the production possibilities curve are ______.
Describe the roles of the following project stakeholders:
Does the best regression model have significant multicollinearity?
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