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Question: Which of the following could be considered a monopoly?
a. Kate Hudson (an actress)
b. DeBeers diamond company
c. the only doctor in a small town
d. Ford Motor Company
Different races now or likely to be in workforce of the future depends on the US populations racial demographic changes.
Suppose that Central High School has preferences that can be represented by the utilityfunctionU(C,X) =CX2. Let us try to determine how the various plans described inthe previous problem will affect the amount that C.H.S. spends on computers.
Assume that, from an initial consumer equilibrium position, price of good X falls while the price of good Y remains the same.
in a simple economy people consume only 2 goods food and clothing. the market basket of goods used to compute the cpi
A 10-year, 10 percent annual coupon $1,000 bond trades at a yield to maturity of 8 percent. The bond has duration of 6.994 years. What is the modified duration of this bond?
Illustrate what are your preconceptions of economics. Do you think economics will be a relatively difficult course.
Let the market demand for rye bread be given by Q = 500 + I - 250P rye + 400P wheat , where Q is monthly demand in number of loaves, I is average monthly income in dollars
From the household optimality conditions and the goods market equilibrium, find an aggregate money demand relationship of the form M'/P' = L(Y, R), recalling the relationship R = (1 + r)(1 + π) - 1
There is a shortage of college basketball and football tickets for some games, and a surplus occurs for other games. Explain why do shortages and surpluses exist for different games.
Suppose that the amount of labor available for the production of pianos and cars is now 60 hours. You are told that Melodia is currently producing on its PPF and Melodia is producing 3 cars. Calculate how many pianos Melodia is making.
Why is representative money more useful than commodity money. representative money has value because the government says it does or else.
Why do insurers use class plans? What would happen if an insurer used a class plan that was less homogeneous by class than those in use in the current marketplace?
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