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A sample of the monthly amounts spent for food by families of four receiving food stamps approximates a symmetrical distribution.
The production function is given by f(x) =4x^1/2. How much profit will the firm make if it maximizes profit if the price of a commodity produced is $60 per unit and the cost of the input is $20 per
Suppose that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a
What would have to be true about the variation in demand and supply curves for human capital among individuals in the population to accomplish this goal? Explain what types of government policies r
Describe why the prices of Short Term US treasury securities are still high enough to keep the interest low sufficient despite the fact that the US Bond rating has been downgraded from the
Explain what rate of return would be earned by an investor who bought newly issued one year T-bills @ a market price of $94 per $100 of the face value?
Discuss what was the percentage increase in production from 2009 to 2013, and by what percentage did the cost of living rise from 2009 to 2013?
Raying Refinery PCL signed a loan agreement for THB13.2 billion from the Siam Commercial Bank, Thai Bank, TMB Bank and the Government Savings Bank.
Apple Computer sold shares in an initial public offering (IPO) for $22 per share on December 12 of 1980. Since then, the stock has split 2-for-1 three times: June of 2000, June of 1987, and February
Discuss will a monopolist continue to form in the short-run if a loss occurs? Why or why not? Explain what will happen in the long-run?
The Deflation tax and Inflation Stealth Tax Cut the Inflation is a tax on currency. Prices in the UK have risen by the 28.2 % since 2005.
An article in Business Week warned of the dangers of deflation as the collapse of numerous Asian economies was creating worries that Asia might try to "export its way out of trouble" by ov
Smallville is suffering annual losses of taxable properties and the property values of 1% each. Even so, Smallville must sustain its tax collections at a constant value of $3.2 million to maintain
Explain the concept of opportunity cost with example. Discuss what would be your opportunity cost of taking on-line classes to obtain a degree at your University as compared to taking the classes a
Two firms sell identical products, compete by choosing the price at which they sell their product, and choose their prices at the same time in the market for widgets.
Suppose you have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it instantly after the previous owner received a semiannual interest payment. The bond rate is 6.6
Two firms, A and B, which is having a marginal cost of $50 (each), form an oligopoly whose market demand is P = 650? 10Q. what quantity wills they produce and what price will they charge if
The market inverse demand curve is P = 90 - Q, where Q is the total market output comprised of Firm 1's output, q1, and Firm 2's output, q2.
Assume that the inverse market demand for pumpkins is given by the P = $10 ? 0.05Q. Pumpkins can be developed by anybody at a constant marginal cost of $1.
The market inverse demand curve is P = 20 - 2(q1+ q2), where q1 and q2 are Firm 1's and Firm 2's output measured in hundreds of units in the Stackelberg competition.
Suppose you borrow the $25,000 from your local credit union at the 12 percent compounded monthly. You repay the loan by making equal monthly payments over the next four years. Discuss how m
A large company in the publishing and communication industry has quantified the relationship among the price of one of its products and the demand for this product as the Price = 150- 0.01 x Demand
Given the short-run cost curve in the chart above for a firm in a perfectly competitive market, identify the firm's best output level and total profits when the market price is: a) $18, b) $13 c) $5
Italian energy concern Eni SpA agreed to annually purchase the two billion cubic meters of LNG from the Nigeria LNG Ltd. for resale to the United States.
Discuss how would you describe the macroeconomic "worldview" of David Ricardo, Karl Marx, and John Stuart Mill?