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Quesiton: In researching a voting system, you discover that it obeys three of the four criteria of an ideal voting system: transitivity, irrelevance of independent alternatives, and unanimity. With this information, what else do you know about this system? How can you be sure? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
Following the first energy shock in 1973, when oil prices rose $10/bbl, the rate of inflation averaged 8% for the next five years.
Return to the description of the student loan program that opened the chapter. Suppose that all students at the university are perfectly altruistic.
Calculate the point price elasticity of demand for bearing grease. Calculate the optimal price for bearing grease if marginal cost is $4.60 per unit.
Under what conditions should a manager use each of the following rules/options for pricing decisions: (a) Maximax Rule; (b) Maximin Rule; (c) Minimax Regret Rule; and (d) Equal Probability Rule? Also address the potential pitfalls of using each rule.
The marginal revenue is $3.00. What is the short-run and long-run condition for the monopolist and what output changes would you recommend?
Why does the balance-of-payments statement "balance"? From a functional viewpoint, a nation's balance of payments can be grouped into several categories.
Why might this information help to lead to the conclusion that milk is a suitable item to be subsidized by the government?
How does knowledge of value elasticity between different groups of consumers or for several products enable managers to price discriminate, change different prices for these groups?
The federal government's budget surplus was $236.2 billion in 2000 and $128.2 billion in 2001. What does this information tell us about fiscal policy actions that Congress and the president took during those years?
Discuss how scenario relates to producer and consumer surplus and how such surpluses, if any, affect buying and manufacturing decision
Calculate the (would-be) level (not the % change) of the CPI for the year 2015 had we experienced a 5 % annual inflation rate over this entire period from 1990-2015. Just use the formula below, which is the inverse of the formula above.
What are several specific strategies you will use to realize your dreams? Why do you think some people have a hard time asking for help compared to others?
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