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How does the price elasticity of a good or service affect who pays a tax on it? the buyer? or seller? Please explain in details with example.
Business Economics, Economics
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You sell bicycle theft insurance. If bicycle owners do not know whether they are high- or low-risk consumers, is there an adverse selection problem?
A group of college English professors judges the adequacy of coverage of a newly developed test of students' knowledge of grammar and syntax. The professor conclude that the coverage is "excellent". Which one is a right ...
1. Describe using pseudocode as described in class an algorithm that takes a list of n integers a1, a2, ..., an, and finds the average of all negative integers in the list. Be sure to initialize the variables. 2. The bub ...
1. A certain compact disc player randomly plays each of 10 songs on a CD. Once a song is played, it is not repeated until all the songs on the CD have been played. In how many different ways can the CD player play the 10 ...
In a specific sample size of 100, what is the range within the groups average iron level would be considered ususal? Using the Central Limit Theorem and the Empirical Rule.
Suppose the production function for a firm is given by: q=4L +2K. If the firm currently has 20 units of capital (K) and 10 units of labor (L), then calculate the Marginal Rate of Technical Substitution (MRTSLK).
A biased coin has probability 0.6 of turning up heads. You win $x if a head comes up and you lose $y if a tail comes up. If your expected winnings is $0, what is the relationship between x and y?
Going to concerts and reading books take time and money. Suppose a book costs $10 and takes 3 hours to read and a concert costs $20 and takes 3 hours. For a person with $80 to spend and 18 hours for these activities: a. ...
In an inquiry into the nature and causes of the wealth of nations, Adam Smith listed three reasons for productivity to increase with specialization. What are these three reasons?
Why are common stock and bond yields important? What happens if bond interests aren´t paid and what is the difference between common stock and bond investors?
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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