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Two restaurants are on the same block. One has been opened for 10 years and its a thriving business. The other one has been open for only a year. They both want to expand. When the two owners told the local bank looking for a loan, which one is likely to get a lower interest rate? Explain in terms of the risk-return principle.
Describe graphically why someone guaranteed an annual salary might choose to work fewer hours than someone who could earn that same amount through hourly pay.
Market equilibrium occurs at that price for which
illustrate what type of unemployment will then occur. What is the natural rate of unemployment.
Many people believe that using plant-derived fuels or biofuels to power combustion engines is a relatively new and innovative concept.
Assume the utility functions for two cities are identical and are given by U=1.6N --- 0.13*N2, where N denotes the city’s population in million. What is each city’s utility maximizing population? If each city had a population of 9 million people, ho..
Explain why the food stamp program can have the same effect on the consumption pattern and well-being of recipients as an outright.
Suppose the powers-that-be think the llliana Expressway is a good project and they proceed to bulid the section that links up Interstate 355 over by Joliet down to Interstate 65....right by the sleepy hamlet of Lowell, Indiana. Assume that Lowell pre..
What is meant by the term "government-imposed barrier to entry"? Why would a government be willing to impose barriers to entering an industry?
Intellectual property refers to the rights of intangible property (IP) such as copyright, trademark, patents, and trade secrets. Explain the rights and responsibilities a company has in protecting its IP and the employees' responsibilities in protect..
How important is the role of culture in management? How can we best cope with cultural differences in management practices? From you own experience, how does your company deal with cultural differences in the work place?
Calculate GNP, GDP, and aggregate income. GDP = $ GNP = $ Aggregate income = $ b) What is depreciation in this year? Depreciation = $ c) What is NDP? NDP = $
Davy Metal Company produces brass fittings. Davy's engineers estimate the production function represented below as relevant for their long-run capital-labor decisions. Davy's employees are relatively highly skilled and earn $15 per hour. The firm est..
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