Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
When General Motors offers the $1 billion to new investment (e.g., building new factories, offices, warehouse), who does the saving that is required? Workers? Stockholders? The public? B
A company calculates its annual expenses, Y, in the dollars from Y = 0.235X2 + 7X + 4 and annual revenue in dollars from the 0.215X2 + 15X, where X is annual units sold. Identify the
A company is considering two types of water heaters. The associated costs are shown below. The calculated annual cost of operation for oil heaters equals the 365 x 41045/EF x Fuel Cost per Btu.
Success of a company operating and investing in a foreign country depends on the competitive advantage of the company. The entry strategy could be quality based, technology based, or the co
If licensing requirements are imposed on sellers in a market, explain what do you predict will happen to output, price, consumer surplus, and the producer surplus?
Assume i = 10%, compounded quarterly, with annual payments of A = 100. Determine the future value equivalent to the three annual payments?
Explain why would including such programs as union-management cooperation programs in the collective agreement be difficult?
The current technology, A, has fixed costs of $6,000 and marginal costs of $50 whereas the new technology has fixed costs of $3,000 and marginal costs of $100.
A company is forming the15, 000 units. At this output level, the marginal cost is $18 and the marginal revenue is $22. The firm sells each unit for $48 and average total cost is $40. Explain what c
Discuss how can government spending have a multiplied effect on the economy? Have you (or anyone you know) ever been affected by the government's "automatic stabilizers"? Provide a concrete example
Machine A has a service life of four years and Machine B has a service life of three years. If the required service period is six years and either machine can be repurchased in the future for the sa
Is the increasing resistance of employers to unionization a new phenomenon or simply a return to the historic relationship that has existed among managements and unions in the United States?
Discuss how do foreign exchange markets get the information and how important is the information when it is in time? Calculate the procedures and the practices of banks?
Suppose that football teams keep all the "gate" and TV revenues they generate and that players are free to choose their teams at the end of any season. Do stars earn more than non stars? Discuss how
Determine the present worth of cash flows that begin at the $10,000 and increase at the 7% per year for 5 years? The interest rate is 9%.
Suppose your company adopts a technology that allows you to increase your output by the 15%. If the elasticity of demand is -3.0, discuss how should you adjust the price if you want to sell all of
Determine the cross price elasticity of apple pork and sauce chops at a pork chops price of $6? If the price of pork chops falls from $8 to $6 and this leads to an increase in demand for ap
Suppose that Dr. Slight has $300 to spend on the goods X and Y. Dr. Slight combines X and Y using a very strict ratio to derive utility. Good X costs $5 per unit and Good Y costs $3 per unit.
Assume the market supply and demand are Qd=100 - 2p and Qs= 5 +3p. If the government sets a price floor of $30 and agrees to purchase all surplus at $30 per unit, the total cost to the government w
Three of the banks that currently have 15% of the market would like to merge and produce the First Super Bank of Richmond. If the merger were allowed, determine the new measure of monopoly power.
What would be the new price and quantity of hotel rooms actually traded if a price ceiling of $150per month were instituted in the city of Boston?
Customers who buy on credit pay an effective annual interest rate of 16.1% at the Central Furniture Company, based on the monthly compounding, determine the nominal annual interest rate tha
Determine the primary reason that economists view monopolies as a problem? Is this different than you would have expected? Discuss what methods are available to mitigate the impact of monopolies?
Assume that Apple first announces a quantity of iPhones, then Verizon announces a price for data plans, then Apple announces a price for iPhones.
Describe a worker's labor-leisure choice associated with a wage decrease (assuming non labor income does not change). Demonstrate the income and the substitution effect associated this wage change