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What does this theorem allow that traditional statistics do not? What are some prerequisites for using Bayesian statistics?
Explain why derivatives such as CDOs and CDSs had such a destructive power that results in a total financial market meltdown, not only in the United States
An oligopoly market consists of:
What if governments decide to decrease the use of post mail in order to save trees, so what will happened to the people worked for post office. Demand of postman will decrease. Supply will not changed. A left-ward shift would decrease wage and employ..
If the nominal money supply is rs.200 and the price level is 1, (i) is the economy operating with inflationary or deflationary condition. (ii) Illustrate at what price level will there be simultaneous equilibrium in all markets.
Parker Products manufactures a variety of household products. The company is considering introducing a new detergent. The company’s CFO has collected the following information about the proposed product. What is the net present value of the proposed ..
A nation in recession reduces the both the personal and business marginal tax rates. What is the likely short-term effect on government deficit (or surplus), aggregate supply, aggregate demand, and GDP price index?
Suppose a project has two possible outcomes. There is a 30% chance that it brings a profit of 10,000. There is a 70% chance that it brings a profit of 3,600. Suppose a decision makers utility function can be described by U(w)=w^0.5. What is this proj..
American Capitalism is not pure Capitalism; it has become a mixed economy, largely because of defects or failure in the market system that Adam Smith
A third brother, Rex Carr, owns a junk yard. Rex can use one of two methods to destroy cars. The first involves purchasing a hydraulic car smasher that costs $200 a year to own and then spending $1 for every car smashed into oblivion; Write down the ..
Suppose that a Presidential candidate proposes to cut taxes by $120 billion in his or her first year in office. Assuming that the US is a large open economy and its MPC = 0.8, state the long run impact of this tax cut on Y, C, I, G, NX, r, ε, Sp, Sg,..
Thoroughly and completely explain how your approach would work to eliminate the national debt, and explain the impact your solution would have on at least 5 key economic variables?
Which of the following is a necessary condition for perfect competition?
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