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Question: Drawing Conclusions Explain why the government, rather than private firms, operates agencies such as the TVA and the FDIC.
Microeconomics, Economics
Question: In the Land of Purity, there is only one form of pollution, called "gunk." Table 12.14 shows possible combinations of economic output and reduction of gunk, depending on what kinds of environmental regulations ...
Question: A monopoly has costs described by TC(Q)=6000+8Q. Demand is described by P=60-0.1Q. What is the monopolist's profit-maximizing price (P)? The response must be typed, single spaced, must be in times new roman fon ...
What would be 3 effects associated with changes in productivity, good and bad? Can the government affect productivity, if so in what ways good and what ways not so good?
Question: Until recently Marie worked as an program manager, earning $45,000 annually. Then she opened a Peruvian restaurant downtown. At the end of the first year, her books showed total revenues of $200,000 and total c ...
Question: Suppose that the cost function is given by: C(g) 100 5g2 (a) Find the fixed and variable cost. (b) Find the marginal cost (c) Find the average cost and the average variable cost. (d) raw the relationship betwee ...
Question: Explain why the fish left behind are a type of investment. Some opponents of property rights in fish have argued against ownership because the fish already belong to "everyone." Try to define what (if anything) ...
Question: Problems exist within the firm. There were problems of collective action, public goods, knowledge problems, and perverse incentives to name some. What were the three methods we discussed in class to help resolv ...
Question: In 2001 and 2002, political opinion was bitterly divided between the Republicans, who wanted to cut high marginal personal income tax rates and offer retroactive benefits to corporations by canceling the altern ...
Question: During 1983, 1984, and 1985, the dollar was overvalued and kept rising. During that period, real imports rose $160 billion and real exports rose only $27 billion, while real GDP rose an average of 5.1% per year ...
Who is helped, who is hurt by a living wage requirement? What underlying data is used to justify a living wage requirement? What are the long run impacts of a living wage requirement?
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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