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What is a financial system, and why would a country with a well-developed and fully functional financial system be better off than a country without it?
Business Economics, Economics
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A firm produces Product A and Product B. This years sales price of Product A have decreased tremendously, and the sale of Product B has increase by 10 percent. The firm has threeemployees that can produce Product A and f ...
A cartel is branch of an oligopoly. There are still a handful of large firms and many smaller firms. For instance, the diamond industry and the petroleum industries are examples are oligopolies. However, the main differe ...
From a consequentialist perspective that has as its objective improving the standard of living of unskilled workers, is the introduction of a minimum wage ethically justified?
Listen to (or read the transcript of) this podcast (https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-16-elasticity-of-demand) from the Federal Reserve Bank of St. Louis. describe your experien ...
Why the use of Nash equilibrium is a solution concept in games? Please give me an detailed explain.
Consider the market for pizza in Middleton, Ontario, whose demand and supply schedules are given in the table below. Price of Pizza ($) Quantity Demanded Quantity Supplied 10 0 6 9 1 5 8 2 4 7 3 3 6 4 2 5 5 1 4 6 0 3 7 0 ...
The following is a set of data from a sample of n=5 5 9 3 2 6 The mean is 5 The median is 5 There is no solution for mode. What and how do I find the variance?
Demand: Qd=900-2P+3Pa+0.4M+1.5A Supply: Qs=45500-0.5P Qd = Quantity demanded P = Price of Myvi car (in RM) Pa = Price of Produa Asia (in RM) M = Average consumer income (in RM) A = Promotional expenses Qs= Quantity deman ...
Suppose demand and supply are given by: Q d x = 14 - 0.5 P x and Q s x = .25 P x - 1 a) Determine the equilibrium price and quantitiy. b) Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium ...
Matt sells watermelons on the side of the road. The weight of a watermelon has a normal distribution with mean = 9.5 lbs and the standard deviation = 4 lbs. If he loads 100 watermelons on to his truck, what is the probab ...
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