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What single sum of money at the end of the third year is equivalent to a payment series of $10,000 the first year, $9,000 the second year... down to 6,000 the 5th year? Assume the money has a time value of 10%/year compounded annually.
As a manager of a firm you find the marginal cost of the firm to be $10 and the fixed cost $100. For the range of prices that you are planning to charge, own price elasticity of demand is believed to be –1.25. Calculate the optimal (profit maximizing..
What is the deadweight loss in both markets if the price of a crate of fresh oranges is raised.
Explain what the automatic adjustment mechanism is. Which curve does it cause to move? How does this happen? Will this process happen quickly, or take a long time?
A product has a negative income elasticity. What does that measure tell us about the product? Answer should be two paragraphs.
A number of states have passed laws that require all Medical Doctors who work at Planned Parenthood Clinics to have admitting privileges at a nearby hospital. This MD's may or may not perform surgical procedures. In addition, some of these clinics ar..
This case analysis should be written on "the economist" case provided in the additional material. Thank you custom-writing! No additional research is needed but any tables or graphs that are needed should go in the appendix with a max of 3 pages as e..
A student has a budget of $200 for their meals outside of the home per week. One possibility is purchasing a meal at a restaurant, which we will call x1, and which costs $20, and a second possibility is purchasing a meal at the school cafeteria, x2, ..
The national economy has been in a slump for several years, but recent signs of strength in much of the economy have led many forecasters to conclude that an expansion could finally be in the offing.
You are asked whether current antipoverty policy meets three generally accepted goals of helping, minimizing cost, preserving work incentives also what changes you would favor and why.
A firm has a production function represented by: q=L^(.75)K^(.25) Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor, w, and the price capital, r. Suppose w=15 and r..
The government sets a price floor of $5 in the above market. Is this price control binding? If so, is there a shortage or a surplus and what is its magnitude.
WidgetsRUS immediately sends an objection to the confirmation to Gadgets Galore. Describe the remedies available to Gadgets Galore under the Uniform Commercial Code?
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