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Can you suggest any way of using economic forces to determine prize money? What about having an ‘open' championship where men play women, with no distinction between men's singles and women's singles?
What are the advantages and disadvantages of each method. What do you suppose led each company to make their choices.
The most you would be willing to pay for having a freshly washed car before going out on a date is $7. The smallest amount for which you would be willing to wash someone else’s car is $4. You are going out this evening and your car is dirty. How much..
Mexican interest rates are normally substantially higher than U.S. interest rates. a. What does this imply about the inflation differential (Mexico inflation minus U.S. inflation), assuming that the peso interest rate is the same in both countries? D..
If a consumer decides to spend $600 more in the economy, how much of an impact will that have on the GDP for the country? Why would that effect not be correct, what are issues that might affect that total amount?
Suppose Mary has an income of $80 to buy bags and belts. The price of a belt (good 1) is $10 and the price of a bag (good 2) is $20. Derive the intercept-slope equation of Mary’s budget line. Graph her budget line. As always, label the axes and ident..
When Mexico trades with the U.S., how does this effect Mexico's aggregated demand? Why does a tax cut increase disposable income
The demand schedule for JK Rowling's book is Q=3000-100P. The cost of having the book typeset is $10,000 and then the cost of printing each copy is $4. How many copies should JK Rowling print?
(Arbitrage) A supplier is selling hammers in two cities, Pleasantville and Happy Valley. It costs him $5.00 per hammer delievered in each city. Let p1 be the price of hammers in Pleasantville and p2 be the price of hammers in Happy Valley. Assuming t..
Kristina does not want to pay him $1000 on delivery. Can the baker sue Kristina for payment of the cake? What remedies are available to him?
If American cheese also cheddar cheese are substitute afterward which of the following would increase the demand for cheddar cheese.
a. Explain what happens to total revenue if Company A increases its prices. b. Explain what happens to total revenue if Company B increases its prices.
There is a 50 percent chance of making $0, a 40 percent chance of making $100, and a 10 percent chance of losing $100. Calculate the expected value and variance of the payoff. How does your estimate compare to the previous problem?
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