Matlab, Fourth Edition: A Practical Introduction to Programming and Problem Solving
4th Edition
ISBN: 9780128045251
Author: Stormy Attaway Ph.D. Boston University
Publisher: Elsevier Science
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Chapter 11, Problem 7E
To determine
To create:
A class to store and view information on software packages for a particular software superstore and calculate the profit on a particular software product.
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Suppose that a consumer cannot vary hours of work as he or she chooses. In particular, he or she must choose between working q hours and not working at all, where q > 0. Suppose that dividend income is zero, and that the consumer pays a tax T if he or she works, and receives a benefit b when not working, interpreted as an unemployment insurance payment.
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Without an enforcement mechanism, the effect of a binding price floor will be negligible because it will simply be ignored because buyers and sellers enrich themselves by trading above the floor price.
With an enforcement mechanism, the effect of a binding price floor may still be negligible if the enforcement mechanism is easy to evade orβ¦
βSuppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with values {$14, $13, $12, $11, $10, $9, $8, $7, $6, $5, $4,}. Assume no transaction costs and a competitive market. At the optimal bid, ask spread, what is the total profit that the market maker makes?
β$8
β$12
β$18
β$20
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Matlab, Fourth Edition: A Practical Introduction to Programming and Problem Solving
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