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What is the nature of oligopolies? What is the nature of monopolies? What is the nature of monopolistic? What is the nature of pure competition?
600 Words................
Consider palletizer at a bottling plant that has a first cost of $141493, has operating and maintenance costs of $17669 per year, and an estimated net salvage value of $48604 at the end of 30 years. Assume an interest rate of 8%. What is the future w..
Find the equal annual payment series that would be equivalent to the following increasing series of payments if the interest rate is 12% (a) compounded annually; (b) compounded continuously.
Write a short essay, using the market failure analysis, to justify why the U.S. government should or should not be involved in the provision of (1) airport security and (2) medical care.
Find out his utility maximizing H and L. Assume he is not eligible for welfare. Now assume he is eligible for welfare. Does he take welfare or work.
Now assume there are 6,350 employees and probability of dying is still 1in 5,000. What is the value of 1 statistical life?
Consider an economy in which people wish to hold money balances worth a total of 5 million goods. They are indifferent between money issued by the central bank and money issued by private banks. Does this satisfy the central bank’s budget constraint?..
What’s Fluzzle Tube you might ask? It is an inflatable ring for water recreation. What makes the tube incredibly unique is its shape. It is shaped in the form of an interlocking jigsaw puzzle piece. This allows you to connect with all your friends an..
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. Estimates suggest t..
Which slope is greater when there is a corner solution? Slope of the indifference curve or slop of the budget constraint? Explain. Suppose a teenager is interested in buying a car that has a very good look. Draw the indifference curve for safety and ..
Suppose you have 5 stocks. In the past week they have changed in the following way: +5,1,+2,3,2. For each of the value functions from the previous problem, determine what the optimal way to bracket stocks into a portfolio to maximize the value.
Shocks to an economy, such as wars, famines, or the unification of two economies. Often generate large one-time flows of workers across borders. What are the short-run and long-run effects on an economy of a one-time permanent increase in the stock o..
Suppose the demand for Digital Video Recorders (DVRs) is given by Q = 250 - .25p + 4pc, where Q is the quantity of DVRs demanded (in 1000s), p is the price of a DVR, and pc is the price of cable television. How much does the quantity demanded for DVR..
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