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A lottery game has balls numbered 1 through 19. What is the probability of selecting an even numbered ball or a 9
You graduate from UAlbany and receive a job offer that includes a "retention" or "stay" bonus. At the end of 3 years the employer will pay you $50,000 to offset your tuition. a. What is the value of this assuming you use 3% to discount the future? b...
In letters between the two, Rita Borelli contracted to sell “my car” to Viola Smith for $2,000. It was later shown that Borelli owned two cars. She refused to deliver either car to Smith, and Smith sued Borelli for breach of contract. Borelli raised ..
Robert Reich, former Secretary of Labor in the Clinton administration, makes the point that labor is more mobile than capital. Europeans lead the world in terms of the quantity of genetically modified (GM) foods consumed. A dollar today is more valua..
Suppose Mr. Buford has ?$425,000 of capital invested in Spruce Decor. Also suppose that equally risky enterprises earn an 18% rate of return on capital.
Consider what mechanisms allocate resources when the price of a good is not allowed to bring supply and demand into equilibrium.
Determine the annual worth over the years 1 through 5 of the companies net cash flow at annual interest rate of 10%.
Identify three economic variables that create differences in market interest rates on assets and/or liabilities. (b) For most companies, are business loan interest rates lower than the interest rates on personal loans for most U.S. households
You have 100$ spend on food, housing, and clothing. Explain how their marginal utilities should be related to their respective prices to maximize utility. Generalize the result for any number of commodities.
he Bureau of Labor Statistics announced that in October 1996, of all adult Americans, 127,587,000 were employed, 7,221,000 were unemployed, and 66,645,000 were not in the labor force. How big was the labor force? What was the labor-force participatio..
Average your results, and compare them with those in Table 11-2. Are there any consistent differences in the answers from your friends and those in Table 11-2?
If the demand and supply functions in a competitive market are Qd = 35 - 0.5P and Qs = -4 + 0.8P.
Suppose the US government places a ceiling on the price of internet access also a black market for Internet providers arises, with internet providers developing hidden connections.
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