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In a study of the effectiveness of "please don't litter" requests on supermarket fliers, Geller, Witmer, and Orebaugh (1976) found that the probability that a flier carrying a "do not litter" message would end up in the trash, if what people do with fliers is independent of the message that is on them, was .033. I also said that 4.5% of those messages actually ended up in the trash. What does this tell you about the effectiveness of messages?
Illustrate the black market for internet access, including the implicit supply schedule, the ceiling price, the black market supply and demand, and the highest feasible black market price.
Explain why the price elasticity of demand is generally a negative number, except in the cases where the demand curve is perfectly elastic or perfectly inelastic. What would be implied by a positive price elasticity of demand?
In many modern U.S. industries the following relationships seem to be predominant: What factors might explain these patterns? Small firms are more likely to outsource production of inputs than are large firms;
Is such a low bid unambiguously "good" for the local government? What potential risk does the government face? (In terms of the auctioning party's risk, how does a procurement differ from an auction sale?) How might the government protect itself f..
Use the IS-LM-FX model to illustrate the effects of the temporary shock and the policy response. (Note: Assume the government responds by using monetary policy to stabilize output.) For each case, state the effect of the shock on the following dom..
prepare a two- to three-page paper in apa style sixth edition format that describes explains addresses and answers the
If you want to increase your sales of glazed doughnuts by 30%, in what direction and by how much do you need to change the price? If you make the percentage price change that you calculated in part a) will total revenue increase or decrease? How ..
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases
What does the analysis of the 'hold up' problem contribute to the explanation of the size and scope of firms?
Most prices are:
calculating earnings per share price-earnings ratio and book value. as a stockholder in bozo oil company you receive
Stock pricing The market price of a security is $20. Its expected rate of return is ten percent. The risk free rate is two percent and the expected excess return on the market portfolio is six percent. What happens to beta when the correlation coeffi..
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