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Question: "Money, the very coin of ordinary interaction is ... the object of the greatest unreasoning fantasy; ...it simultaneously fascinates, puzzles and repels. The literature treating it is probably greater than that devoted to any other single topic, and browsing through it inclines one to sympathise with the writer who long ago declared that no other subject, not even love, has driven more ... to madness." Fredrich A Hayek -Nobel Prize winner in economics.
To what extent do you agree or disagree with this quotation? What does money mean to you?
Presume a consumer's preference can be represented by the utility function U(X, Y)=X*Y. Also suppose the customer has $150 to spend and the price of good X is Px=$2 and the price of good Y is Py=$3. If the customer maximizes their utility subject to ..
Calculate the firms profit or loss and compare the firms output price and the calculated average variable cost and average total cost.
The market demand for stuffed rabbits is Q = 2,600 - 20P, and the government intends to place a $4 per bunny tax on stuffed rabbit purchases.
your supervisor has been asked many questions about how the economy works and why the idea of limited resources is such
Christensen and Overdorf (2000) discuss innovation and disruptive change and its effect on the type of successful strategic team.
When looking at regression results, how do you know which of the estimated regression slope coefficients are STATISTICALLY SIGNIFICANT. How do you know if the independent variables explain a large fraction of the variance when looking at regression ..
Consider the following model: Rt = β0 + β1 Mt + β2 Yt + u1t Yt = α0 + α1 Rt + u2t - How would you justify the model?
Consider a firm in a perfectly competitive industry with the following cost structure: VC (Q) = 10 Q2 + 50 Q, FC = 4000 and MC (Q) = 50 + 20 Q. If the market price is Pm = 40, in the short-run this firm will produce
Discuss the unemployment rate, types, issues, and government policy of Australia and comment unemployment in various states of Australia. You need to specify in different region like NSW, WA, Tasmania, Qld or SA.
Corn prices reached record highs in the United States in August 2012, given the worst drought in decades. However, by October these prices started to drop.
explain the viewpoints of classical and keynesian economists. how did the economy that existed at the time of these
As a college student you work at a part-time job, but your parents also send you a monthly "allowance." Suppose one month your parents forgot to send the check.
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