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A lottery pays the winner $1 million, in 20 equal payments of $50,000. The payments are received at the end of the year, and the winner's interest rate is 12%. What is the present worth of the winnings?
What is the main reason that embargoes have been used throughout history?
Why are values important in development economics? If we say that the economy of the Central African Republic is subsistence economy, what would that mean? According to The New Economic View of Development, why economic development is different from ..
Suppose you have hired a new worker, unfortunately you do not know if the worker is a shirker or a hard worker. Suppose working hard raises the probability of making a sale from 40% to 80% (thus raises the probability of making a commission C by the ..
Suppose the demand curve for a business firm is downward sloping. Which statement is true about elasticity (ED), marginal revenue (MR), and/or total revenue (TR)?
The assumption of the perfectly competitive model is that products sold by all retailers are completely identical. Under this assumption, as we've seen in this analysis, competition between retailers is extremely fierce.
If the time-frame at hand is sufficient for all inputs to be variable (adjustable), then the firm is
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
The steps to Mining Group Gold include- defining the behavioral parameters of a unique subset of cultures. establishing a zone of proximal development. setting expectations for reasonableness of the ideas presented.
In the 1997-99 period many self-proclaimed economists claimed that the Phillips Curve was finally dead. Apparently, the “old macro rules” didn't work anymore, possibly because the “new economy” had arrived. Think about the third equation in the model..
Determine whether the following transaction involves spot change, contracts of vertical integration:
Illustrate what is the Pig Farm worth. Elucidate what is the minimum one-time payment Farmer A would accept to agree to restrict his land for residential use forever.
Kept within sustainable bounds, trade deficits are not considered harmful by international economists. Why? To answer, define the trade balance equation of a country, and explain the economic justification of a country’s trade deficit.
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