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Why might a local resident be willing to pay more for an apartment complex in your hometown than might an investor from out-of-the-country who would use it for exactly the same purpose - housing tenants?
Microeconomics, Economics
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Question: In October 2001, Barry Bonds of the San Francisco Giants hit his record-setting 700th home run. After fan Alex Popov caught the ball, another fan, Patrick Hayashi, bumped him and grabbed the ball when he droppe ...
Question: Coke is manufactured by a publicly held company. For this product predict the following: Where is the product manufactured? Given the suggested retail price of the company and using a 50% markup on price at ret ...
Question: How does an economy's choice about how many of its resources to devote to capital goods production as compared to consumer goods production affect its curent standard of living and its future standard living? T ...
Question: A daily production function for yo-yo's is Q = I2L^1/2 + 8K^1/2. Show all your work for the following questions. (Use calculus for this problem where relevant: delta Q/delta L^-1/2 and delta Q/delta K = 4K^-1/2 ...
Question: Trade has income distribution effects. For example, suppose that because of a government-negotiated reduction in trade barriers, trade between Germany and the Czech Republic increases. Germany sells house paint ...
Question: In 1980, the inflation rate in the US was 12.5%. At that time, the consensus outlook claimed inflation could not decline by more than 1% per year. That turned out to be incorrect, as it fell to 3.8% in 1982 and ...
Question: Why would more accurate economic forecasting make it easier for policymakers to stabilize the economy? Describe two ways economists try to forecast developments in the economy. The response must be typed, singl ...
Question: 1. How does monetary policy affect the share market? 2. How could the existence of unemployment benefits or other transfer programs reduce the severity of an economic contraction? The response must be typed, si ...
Question - What is slavery? Explain how and why slavery developed in the American colonies. Why couldn't colonists use indentured servants as they had in the past? How would you describe the differences between slaves an ...
Question: Consider a perfectly competitive, constant-cost industry. (a) Draw the long run market diagram with both the short run and long run supply curves. Explain the short run and long run producer surplus as found in ...
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