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Problem: Kristy has won a prize. She can accept the amount of $40,000 today or wait 4 years and receive $43,400. She does not know what to do. There are three expected interest rates, compounding monthly, 1.75%, or 2% or 2.25% that economists are predicting for this time period. What should Kristy select, the money today or wait to get the larger prize in 4 years?
To get you started concentrate on two distinct chapters in the Schiller textbook. See chapter 4 for an analysis of the problems of individual markets. See chapter 10 for an analysis of problems in the aggregation of markets.
Jones is one of 100,000 corn farmers in a perfectly competitive market. What will happen to the price she can charge if: The rental price on all farmland.
Explain the net effects of fiscal stimulus and increase in oil price on equilibrium price level and income in Country X.
The government often has two conflicting roles. It protects consumers by keeping prices fair and promotes a free market (entry of firms). Suppose your firm has a special patent. Do you think patent licenses should expire? Be sure to support your a..
In addition to the readings assigned for Module 4, identify and read three other articles on professional ethics and the concept of intellectual property.
1. The fast food industry is extremely competitive and in some cases close to perfect competition. Identify 2 fast food chains which you feel have almost identical products and pricing and identify the almost identical products that they both sell..
the following show data on investment rates and output per worker for two pairs of countries. for each country pair
At each level of output compute savings. At each level of output, compute unplanned investment (inventory change). What is likely to happen to aggregate output if the economy were manufacturing at each of the levels indicated?
Please find an example of an export subsidy, then summarize the country, product, industry (or even the company) to which this subsidy applies. Do you agree or disagree with the subsidy?
As new substitutes for office productivity software are developed, the demand for workers in office productivity software production should
During the 1980s and 1990s, a period of economic conservative governments in much of the West and Japan, a leading approach among development economists was
1. Consider the linear demand function Q=320-1/8P a. Write the inverse demand function. b. Write the Total revenue function.
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