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You are considering selling your house. Your reservation value is $100,000. Your real-estate agent tells you that there is a 0.4 chance a random buyer will pay $150,000, a 0.25 chance the buyer will pay $200,000, a 0.1 chance the buyer will pay $250,000, and a 0.25 chance it will not sell. If you must commit to a posted price, what price maximizes profits?
If short-run equilibrium GDP is above potential GDP, prices will eventually rise. A tax reduction shifts the consumption schedule downward. A superior level of technology is an important reason the productivity of workers in rich countries is high. A..
What kind of economies come from reductions in cost due to adoption of technology that has high fixed costs, but lower variable costs?
It is important to understand market needs to ensure that the market mix—including product, price, promotion, and place (distribution)—meets market needs. This task is difficult in a domestic setting, but global marketing adds many new dimensions to ..
When traveling to other countries for business, it is important to know the male/female roles in each country. Not knowing these roles could cause problems in discussions and negotiations.
If $7,000 is borrowed and repaid with four quarterly payments of $600 during the first year and four quarterly payments of $1,500 during the second year after receiving the $7,000 loan, what is the effective annual interest rate for the loan?
a profit - maximizing industry in a competitive market is currently producing 100 units of output. Illustrate what is average variable cost.
The demand for coffee is given by the following equation, where QD stands for the quantity demanded and P stands for price. At what price is quantity demanded equal to zero (this is, graphically, the vertical intercept of Demand)? What is the slope o..
Where would each of the items be included in M1, M2, or M3? Would any of the items not be included at all in these money supplies. Why? Items: clothes, real estate, bank CDs for $1000, $100 in cash, Credit card balance of $500 and a 1968 Ford Mustang..
Consider illegal immigration. How would illegal immigration be affected if all countries had property ownership rights as well defined as in the United States? Describe the types of information that market prices provide.
The main arguement put forth by advocates of the singlr tax movement was that:
Consider the five dimensions of service quality: tangibles, reliability, responsiveness, assurance, and empathy. Identify a recent service encounter you have experienced as a customer (either B2C or B2B) that you would classify as a generally bad exp..
q1. what are the advantages and disadvantages of austerity?q2. the government announces that it will privatize the main
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