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For both sets of calculations, compare the firm's output price and the calculated average variable cost and average total cost. Should the firm shutdown immediately when the total fixed cost equals $1
an economy has an unemployment rate of4 percent and an inflation rate of 5 percent a year at point A on a graph. Some events occur that move the economy in a clockwise loop from A to B to D to C and
Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon. Your usage of paint drops from 35 gallons a month to 20 gallons a month. Perform the fo
Suppose that economists have made the following projections for the coming year Exports $540B, imports $710B, capital outflow $320, capital inflow $420. As the year is unfolding, it turns out that t
The Licorice industry is competitive. Each firm produces 2 million strings of licorice per year. The strings have an average total cost of .20 cents each and they sell for .30 cents.
A bank has $120 million in total assets, which are composed of reserves, loans, and securities. its only liabilities are $120 million in transactions deposits. The bank exactly satisfies its reserve
Suppose that households are concerned about the future and cut back on their marginal propensity to consume from 0.80 to 0.667. Try this experiment for the Money Supply Target case and the Interest
An economy's AD curve is described by the following equation: Y = 13,400 - 20,000formula25.mml, where Y is output and formula25.mml is inflation (measured as a decimal).
Suppose that households are concerned about the future and cut back on their marginal propensity to consume from 0.80 to 0.667. Try this experiment for the Ms Target case and the Interest Target Cas
The financial market looks like the following. 1. People decide not to hold currency. 2. The required reserve ratio on deposits is 10 percent 3. The money demand function looks like Md = $Y*( 0.9 - 3*
Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her
Consider a model of the influence of the average number of cigarettes the mother smoked per day during pregnancy on infant birth weight. The following simple regression model was estimated with data
Assume the company orders printer paper in truckloads of 10,000 boxes every 3 weeks. They pay $20.00 per unit and it costs $200 to place the physical order. In addition, the cost of capital is 20% p
Maintained markup is 39%, net sales are $52000, and reductions are $2500. What are the gross margin in dollars, and the initial markup as a percentage Explain why initial markup is greater than main
Use the data to compute Marginal Cost (MC), Average Fixed Cost (AFC), Average Variable Cost (AVC) and Average Total Cost (ATC) as a function of the rate of output. a) Calculate the MC, AFC, AVC and
Flanger is an industrial distributor that source from hundreds of supplier .The two modes of transportation available for inbound shipping are LTL (less-than-truckload) and TL (truck-load).LTL shipp
Consider the following version of the "chain store paradox". This entry game has the following timing: In the first stage an entrant decides whether or not to enter. In the second stage, if there is
Two people take turns removing stones from a pile of n stones. Each person may, on each of her turns, remove either one or two stones. The person who takes the last stone is the winner; she gets $1
Research suggests that taxing pizza and soda would reduce the incidence of obesity in the U.S.A. Suppose you were required to choose between a price ceiling and a floor price to achieve the same res
a. State the per worker production function b. Given that (A = 4) the savings rate is 0.3, the population grows at 0.01 and the depreciation rate is 0.05. Calculate the steady state capital stock pe
Assume (as usual) the representative consumer maximizes utility. Find the consumer's optimal consumption and leisure decision. Plot this representative consumer's labor supply function. Would a decr
Define optimistic, most likelys, and pestimistic scenarios buy using both optimistic, both most likely and both pestimistic estimates. Use a life of 4 years as the most likey value. What is the pres
After Hurricane Katrina, about 250,000 New Orleans residents relocated to Baton Rouge, Lousiana, and as a result, housing prices in Baton Rouge rose from an average of $130,000 for a single family h
Discuss the impact of changes in the size of the 18-24 age group on marketing strategy planning in the United States. What are some specific marketing strategies that result from this change
Suppose two people, Michelle and James each live alone in an isolated region. Both have the same resources available, and the grow potatoes, and raise chickens. If Michelle devotes all her resources