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At an oral auction for used car, half of all bidders have a value of $1,500 and half have a value of $1,900. What is the expected winning bid if there are three bidders?
Provide an example of income effect and substitution effect in regards to supply of labour. Illustrate what is opportunity cost of work in this case
Explain why dose the profits of firms that buy their inputs in perfectly competitive market and sell their output in imperfectly competitive markets tends to increase when there is excess supply
What constitutes a set of guidelines that will comprise a code of ethics for information professional?
An individual consumes a positive amount of good X and good Y. As a result of an excise tax on good Y, its price doubles. At her new equilibrium, the individual consumes the same amount of good X as before.
GDP and the Multiplier Application. Most estimates indicate that the marginal propensity to consume in China is approximately 0.50. If we ignore a rise in the price level generated by a boost in aggregate demand that results from an increase in real ..
One requirement of this course is for you to write a briefing paper on the macro economy of a country of your choice, other than the United States. You do not need to pick a particular “type” of country: every country has a macroeconomic history and ..
If your monthly loan payment is $1057 and your nominal annual mortgage rate is 6% for 40 years, compounded monthly, how much total interest will you pay over the life of the loan?
Calculate gross national product and net national product
Do you think there are economies of scope between long distance and local telephone service? How about between local telephone service and long distance service? What difference do economies of scope make for the optimal regulatory policy?
Involvement of community coalitions and consortia in the implementation of health programs has become widespread. What would be possible and appropriate measures or indicators of having implemented community coalitions or consortia as part of the pro..
Health insurance reform has been the subject of political debate since the early part of the 20th century and continues to be a contentious issue.
Analyze these indicators and prepare a 3-4 page report elucidate the expected short-term impacts on firms in any one of the following five industries in terms of product sales.
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