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Microeconomics, Economics
Question: Adult IQ scores have a bell-shaped distribution with mean of 100 and a standard deviation of 15. Use the Empirical Rule to find the percentage of adults with scores between 70 and 130 If 250 adults are randomly ...
Question: Explain (i) what economic factors have been responsible for China's economic performance in those 30 years to outperform most "Western" capitalist economies. 300 word (ii) Do you then conclude that Socialism wi ...
Question - In the Solow growth model, suppose that the per-worker production function is given by y = zk 3 , with s = 0.25, d = 0.1, and n = 0.02. 1. Suppose that in country A, z = 1. Calculate per capita income and capi ...
Question - Jamie Corporation had the following information: $250,000 Cost of goods sold: Direct materials $50,000 Direct labor 37,500 62.500 150.000 Gross profit $100.000 Selling and administrative expenses Operating inc ...
Question: An economic consultant studies the labor policies of a firm where it is difficult to monitor workers and prepares a report in which she recommends that the firm raise employee wages. At a meeting of the firm's ...
Question: A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers and output increased by 100,000 pages per day. One month ago, they adde ...
Question: Oil prices have risen temporarily, due to political uncertainty in the Middle East. An advisor to the Fed suggests, "Higher oil prices reduce aggregate demand. To offset this we must increase the money supply. ...
Question: In footnote 7 we suggested that if transaction costs are too high, a government subsidy to beekeepers might produce an efficient solution to the external benefit problem. Explain why. The response must be typed ...
Question: A bond has a face value of $1,000 with maturity date 20 years from today. The bond pays interest semiannually at a rate of 8% per year based on the face value. If the current rate of similar bonds is 6%, what i ...
Question: The LST Company has contracted to make the following payments: $8500 immediately; $850 at the end of year 1; $1050 at the end of year 2; $1250 at the end of year 3 and $1450 at the end of year 4. What fixed amo ...
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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