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Question: Melinda Gibbs would like for her descendants to be able draw $40,000 every year for ever starting 30 years from now. She has found a mutual fund that will provide her a guaranteed 10% return forever. She will m ...
Question: Firms 1 and 2 compete on price. The demand is Q = 100 - p, where p is the price. Consumers buy from the firm that sells more cheaply. If both firms sell at the same price, demand is divided equally. The margina ...
Question: The marginal private costs and the marginal private benefits of a firm producing fuel-efficient cars is represented in the following diagram (show the equilibrium P market, Q market). The government would like ...
Question: 1. Suppose demand and supply have constant elasticity equal to 3. What happens to equilibruim price and quantity when the demand increases by 3% and supplu decreases by 3%? 2. Show that elasticity can be expres ...
Question: A website offers a place for people to buy and sell emeralds, but information about emeralds can be quite imperfect. The website then enacts a rule that all sellers in the market must pay for two independent ex ...
If the elasticity of demand for cigarettes is 0.75 and the elasticity of supply for cigarettes is 1.25, then a 5% decrease in the demand for cigarettes would cause the price of cigarettes to: decrease by 2.5%.increase by ...
Question: Explain if you feel society should attempt to equalize income or economic opportunities. Are the issues of equity and equality in the distribution of income synonymous? To what degree, if any, is income inequal ...
Question: The demand for boobles can be written as: Q = 11,000 - 8P. Calculate the price, quantity, total revenue and marginal revenue when the elasticity of demand = -2.2. Calculate the price, quantity, total revenue an ...
Question: From the Chasing the Scream, why is or is not addiction, or the war on drugs more broadly, an appropriate topic for health economists to study? What insights or perspectives could economists add? The response m ...
For example, utilizing Coke-Cola the following could cause a decrease in demand. 1. People decide that they like Coke less than before maybe because they like water more. 2. There is a decrease in the number of buyers of ...
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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