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Foreign Currency:You've completed your vacation in a foreign country. At the airport, you discover that you have the equivalent of $20 local currency left over. the exchange control officer tells you that you can't convert the local money back to dollars. Nor can you take it out of the country. Because the gift shop was closed, you decided to spend the remaining money on refreshments- for complete strangers! What is the cost of the refreshments?
A firm wants to lease some land from you for twenty years and build a warehouse on it. As your payment for the lease, you will own the warehouse at the end of the twenty years.
The only legal employer of military soldiers in United States is the federal government. If the government uses its knowledge of its monopolistic position, what criteria will it employ when estimating how many soldiers to recruit?
Describe why the demand curve facing a monopolist is less elastic than one facing a firm that operates in a monopolistically competitive market.
What is the cost of producing additional car when 50 cars are being produced? What is the cost of producing additional care when 150 cars are being produced?
Illustrate what did the USA do like other countries as well after the first oil price shock.
On the industry for Goldmans Sach overview following refined topical areas determine the Future market condition and trends analysis for the following?
The company is risk neutral and so maximizes expected profits net of wages.
Write down his budget constraint and a utility function that captures his preferences. Draw his budget constraint and three of his indifference curves.
The university has been struggling in recent years, so they have hired you to help them in their last attempt to find an appropriate solution so that the university can survive
Would you rather earn a 4 % nomical or 4% real interest rate? Illustrate by describing the difference between nominal and real variables.
Assume an economy in which the reserve ratio is 15 percent, people hold 10 percent of their deposits in the form of cash, and there are no other leakages.
Explain why a monopolist will never set a price (and produce the corresponding output) at which the demand is price-inelastic.
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