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1. Discuss how time inconsistency and myopia cause people to make a suboptimal long run decision.
2. Name 3 self control problems.
Business Economics, Economics
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Suppose the production function for a firm is given by: q=4L 0.5 K 0.25 . In the short run, the firm has 16 units of capital. Find the Marginal Product of Labor (MP L ). Fill in the appropriate numbers in the function ...
When comparing monopolization to monopolistic competition in the wireless telecommunications world, what are some good differences to touch on in a short paper?
A professional baseball pitcher takes 15.66 seconds to throw each? pitch, on average. Assume the? pitcher's times per pitch follow the normal probability distribution with a standard deviation of 2.6 seconds. Complete pa ...
Assume newspaper for garbage or recycling has a standard deviation of 2 pounds. If we want to estimate the average amount of newspaper for garbage or recycling within .25 pounds with 90% confidence, how many households m ...
Number of cars Average trvel time between A and B using route 1 1 10 2 10 3 10 4 11 5 12 6 14 7 18 8 24 Alternative route 2: average travel time is 18 minutes(no matter how many cars are using it) How many cars will take ...
Consumer product manufacturers commonly include customer satisfaction surveys on product warranty cards that are sent back to the company. An outdoors company redesigned a popular camping tent, and it wants to know wheth ...
At a college, 66 % of courses have final exams and 56 % of courses require research papers. Suppose that 45 % of courses have a research paper and a final exam. Find the probability that a course has NONE of these two r ...
What does the term the Ten Principles of Economics and how it's applied to the consumer buying trends?
1. Under what circumstances is it advantageous for a company competing in foreign markets to concentrate its value chain activities in a select few locations? Under what circumstances is it advantageous for a company com ...
During a certain week the mean price of gasoline was $2.719 a gallon. A ronadom sample of 32 stations is drwn. What is the probability that the mean price was between $2.695 and $2.716. Assume o=$0.048.
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As