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Holiday Fruit Company buys oranges and processes them into gift fruit baskets and fresh juice. The company grades the fruit it buys on a scale from 1 (lowest quality) to 5(highest quality).
Tom earns $15 per hour for up to 40 hours of work each week. He is pair $30 per hour for every hour in excess of 40. Tom faces a 20 percent tax rate and pays $4 per hour in child care expenses for e
the calculator below shows the labor market for research assistancts in the fictional country of Academia. The equilibrium wage is $10.00 per hour, and the equilibrium number of research assistants
$120 per month for cell phone service,other service $1 per minute . QD=150-50ρ, where ρ is the price of a minute a. what the cost of extra minute for each provider. b.how many minute uses with
Consider the market for gasoline. In the initial equilibrium, the price is $2.00 per gallon and the quantity is 100 million gallons. The price elasticity of demand is 0.70, and the price elasticity
An amusement park, whose customer set is made up of two markets, adults and children, can be expressed in equation form as follows (where subscript A refers to the adult market, subscript C to the m
Dayan's Doorstops, Inc. (DD) is a monopolist in the doorstop industry. Its cost is C = 100 - 5Q + Q2, and demand is P = 55 - 2Q. a. What price should DD set to maximize profit? What output does the fi
Derive an expression for the firm's marginal revenue curve. b. To maximize profit, how many lasers should the firm produce and sell per month c. If this number were produced and sold, what would be th
Under pressure from apple growers, the government decides to put a per-unit subsidy the apple market that results in a new equilibrium quantity of 10 lbs of apples. A small country that currently do
A $150 bicycle was purchased on Dec 1 with a $15 downpayment. The balance is to be paid at the rate of $10 at end of each month, with the first payment due on Dec 31. The last payment may be some am
A city government wants to raise $3 million by issuing bonds. By ballot proposition, the bond's coupon interest rate was set at 8% per year with semiannual payments. However, market interest rates h
The Exxon dividend was not an annualized amount, it gradually increased every year. Assuming the annualized portion was $2.30 per year and the value today of the dividend after 20 years is $102 assu
A country with a civilian population of 120000 (all over age 16) has 100000 employed and 10000 unemployed persons, of which 5000 are frictionally unemployed and another 3000 structurally unemployed.
Suppose you deposit $4,000 in currency into your checking account at Bank of America. Assume that Bank of America has no excess reserves at the time you make your deposit and that the required reser
If every $1,000 increase in the real price of homes adds 5 cents to annual consumer spending (the "wealth effect"), by how much did consumption decline when home prices fell by $2 trillion in 2006-8
country A has 1500 units of labor and can produce two goods, manufactures and food. A's producers take 5 units of labor to produce one unit of manufactures and 6 units to produce one unit of food.
Assume that GDP is $6,000, personal disposable income is $5,100 and the government budget deficit is $200. Consumption is $3,800 and the trade deficit is $100. How large is national saving
a) Suppose the inputs in problem 5 can be purchased at the same price per unit. Will production be relatively labor intensive or capital intensive b) Suppose input prices are PL= 40 and PK = 80 and
Jean-Pierre consumes only apples and bananas. He prefers more apples to less, but he gets tired of bananas. If he consumes fewer than 28 bananas per week, he thinks that one banana is a perfect subs
Suppose Jose has a demand curve for tennis games (x) given by x = 60 3p where p is the price of one tennis game. There is a local tennis club that charges its members a fee of f dollars to join and
Write an equation that summarizes the cost function for her operation, as well as equations that summarize the marginal, average variable, average fixed, and average total costs of selling fresh dri
The current interest rate (at which he is free to borrow and lend) is 5 per cent. This means that if Jack saves one dollar today, he will get 1.05 dollars tomorrow. Also, if he borrows 1 dolalr toda
Imagine a manufacturing industry that produces 100 million units of compact digital cameras annually in the US market. Suppose the minimum efficient scale (MES) for the production of digital cameras
Neglecting inflation, find the balance of this time series at 1981, 1993 and 1999 if the quarterly discrete interest rate is ig=0.06. Also develop a flow chart for a subroutine calculating the balan
It is estimated that a mineral deposit will produce 27,000ton in the coming year and 34,300ton in the subsequent year. It is expected that for the first 12 years the production patter will be of the