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Question: Nonunionized firms tend to offer wage rates that are close to rates paid by unionized firms in the same industry. How do you explain this?
Microeconomics, Economics
Question: Write a short essay of about 750 words each on the following topics: 1. What are the common defenses of protectionism? Evaluate them. 2. Explain Coase Theorem and show how it works with examples. 3. How does Ma ...
Question: Larry is investing in the Martian stock market of the future. Suppose Larry has the Utility function U(R, s)=R-0.3s^2. In this case R is "return", and s is "risk". Find the marginal rate of substitution of s fo ...
Question: Suppose that a student would go to 1 Blue Jays game if the price were $120, 2 Blue Jays games if the price were $80, 3 Blue Jays games if the price were $50, and 4 Blue Jays games if the price were $20. What is ...
Question: Suppose that Omar's marginal utility for cups of coffee is content at 1.5 Utils per cup no matter how many cups he drinks. On the other hand his marginal utility per doughnut is 10 for the first doughnut he eat ...
Question: For each of the following absolute values of price elasticity of demand, indicate whether demand is elastic, inelastic, perfectly elastic, perfectly inelastic, or unit elastic. In addition, determine what would ...
Question: Consider the following model of trade between Home and Foreign. Assume throughout that those two countries are the only two countries in the world, at least for purposes of trade. There are two goods: Tables an ...
Question: Net Present Value (3 points total) The city of Corvallis is deciding whether or not to undertake a project to improve the quality ofthe city's drinking water. The project would require an immediate payment of $ ...
Question: Evaluate whether new nations depend of strong governments to succeed. Take a position on whether strong governments are necessary to ensure stability and prosperity for new nations. Be sure to define what makes ...
Question: Is there a gender gap in public relations? Why does the field attract more women than men? How does each gender perceive careers in public relations? Focus groups with majors at three universities provided some ...
Question: The State of Florida sold a total of 36.1 million lottery tickets at $1 each duringthe first week of January 2006. As prize money, a total of $41 million will be distributed($1,952,381 at the beginning of each ...
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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
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Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As