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Question: A competitive firm's production function is f(x 1 , x 2 ) = 12x 1/2 1 + 4x 1/2 2 . The price of factor 1 is $1 and the price of factor 2 is $2. The price of output is $4. What is the profit-maximizing quantity ...
Question: Steven has been your best friend since grade school. You have decided to quit your jobs and start up a bakery together since you both love bread. He insists he wants to start the business as a partnership. You ...
Question: Consider two towns A and B where only 2 goods are produced: pasta and smart phones. The production technology used in town A requires 2 people to produce 1 unit of pasta and 10 people to produce 1 unit of smart ...
Question: If the price consumers pay and the price sellers receive are not affected by whether consumers or sellers collect a tax on a good or service, why does the government usually collect a tax from sellers rather th ...
Question: Assume real GDP is $9,000 billion, and disposable income is $6,000 billion. The government cuts personal income taxes by 1% of DI (i.e., $60 billion). As a result, interest rates rise by 2/3%. Assume transfer p ...
Question: Suppose you were hired by the Worcester College Student Government Association (SGA) to estimate how much WorcesterCollege students spend on economics text books in a semester. Write an econometric model which ...
Question: Analyze the various factors contributing to poverty and determine which single factor plays the most significant role. Provide a specific example to support your response. Discuss how developed nations contribu ...
Question: Many studies have shown that our sensory detection abilities decline as we grow older. Discuss the implications of the absolute threshold for marketers attempting to appeal to the elderly. The response must be ...
Question: You are on the board of directors of a private high school, which is hiring new tenth-grade science teachers. As you think about hiring someone for a job, what are some mechanisms you might use to overcome the ...
Question: National Circuit Boards Inc made 20,100 printed circuit boards in December consuming the following resources: Labor: 6,000 hours at $17.00 per hour What is the labor productivity per hour for these circuit boar ...
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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