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Microeconomics, Economics
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Question: Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are nonrivalrous and nonexclusionary. Therefore why does the government provide tornado sirens, street lights and ...
Question: A domestic shoe company distributes running shoes and tennis shoes for $95 per pair to it domestic shoe retailers. The marginal cost of producing a pair of running shoes is $60 and the marginal cost of producin ...
Question: Some economists and politicians have suggested that in future years, the concept of the common European currency be extended to include those smaller countries previously under Soviet domination. What would be ...
Question: A business that engages in substantial trading of commodities, currencies, and financial instruments must trust its traders to act with some prudence and with knowledge that the company's overall financial perf ...
A market with Q = 16*p^-2 is supplied by a monopoly with cost C(Q) = 6 + Q^2/8. Calculate the equilibrium price, output and monopoly profits. What should be the equilibrium if the market were supplied competitively by fi ...
Question: Draw a graph that depicts the balance between the marginal benefits of flossing your teeth in terms of the number of flossings per week and the marginal costs of flossing your teeth in terms of the expenditure ...
Question: 1. "Colombia, Brazil Advance Proposal to Withhold 10 Percent of Export Output" (Wall Street Journal, September 23, 1991, p. B6). A Colombian delegate to the International Coffee Organization said that if all it ...
Question: Draw the representative firm/market graph of a perfectly competitive market in long-run equilibrium. Be sure to include and label all necessary curves. (a) Suppose the market demand curve shifts outwards, descr ...
Question: Analyze how a non-income determinant of aggregate demand affects GDP. Choose and analyze one of the below GDP components and associated non-income determinants of aggregate demand: • Consumption -- Net Wealth ( ...
Question: Explain the following theories: A. What is the Coase Theorem, and when is it likely to be helpful in leading a market with externalities to provide the socially efficient level of output? B. In the theory of co ...
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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