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Assignment:
Would you be willing to give up your checkbook and instead use an electronic means of payment if it were made available? Why or why not? What is more liquid in our economy, M1 or M2 and which one is larger? Make sure to explain your answers.
What is the future equivalent of $1,000 invested at 6% simple interest per year for 3½ years?
What is Franklin's income elasticity of demand for farm raised salmon? What is Franklin's income elasticity of demand for wild caught salmon?
A recent breakthrough in the production of laser disk technology has decreased the cost of laser disks. These disks supposedly will increase the quality of music recordings tenfold over that available from CDs. What will happen to the price and quant..
Effects of Proportional Income Tax on Labor Supply . Suppose that the government imposes a proportional income tax on the consumer's wage income.
Discuss an example of a behavior that our society once considered deviant but is no longer viewed as deviant today. Discuss a behavior that we consider deviant today but that once was viewed by society as "normal" or acceptable behavior.
What skills and knowledge do creative entrepreneurs require in the contemporary creative economy - How to develop and build entrepreneurial skills
Suppose the price of a cookie is Pc = 5. Find the equilibrium price and quantity of pizza. Due to a change in the price of cookies, the new equilibrium price of pizza changes to P*' = 5. What must be the price of a cookie now
Sander invested $155 at 10% simple interest. What is the total amount of money after 2 years? What is the monthly interest rate?
Suppose the government imposes a per-unit tax on the cigarette sellers. Who, buyers or sellers, would share a heavier tax burden? Explain your answers without.
A transparent adhesive tape manufacturer produces a wide array of products, including sticky notes, as well as branded and unbranded adhesive tape.
Describe the conditions under which revenue will rise and explain the process of revenue at NSU.
How many possible profit outcomes exist? Draw a decision tree listing these profit outcomes at the branch tips. Compute the firm's expected profit by folding back the tree. (It does not matter which uncertainty, demand or cost, is resolved first i..
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