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Joe subscribes to an Internet provider that charges the $2 per hour. He has $100 per month to spend and is at equilibrium by buying 10 hours of Internet access and $80 worth of other goods.
Determine the total surplus at the profit-maximizing output level? American Girl doll has an inverse demand curve of the P = 150 - 0.25Q, where Q determines the quantity of do
Assume that the demand for betonies is given by the Q = 40 ? 0.5P, where Q is in tons of betonies per day and P is the price per ton. Betonies are produced by a monopolist at
A monopolist serves market A with an inverse demand curve of P = 12 - Q. Another monopolist serves market B with an inverse demand curve of the P = 22 - 2Q
Assume that you are a lender. The T-bill interest is 9%. You submit an offer to lend $1000 at 9.2% interest rate, and a borrower accepts your offer. How can calculate your gain or loss?
Determine two countries, the India and United States, producing two commodities, clothing and food. The United States needs one and a half hours of labor to form a unit of food and one hour to form
Suppose you are borrowing money to buy your first house that costs $250,000 and you go to the first bank you see, Big Attitude Bank, and they are charging 5% interest.
Are these indifference curves convex? Would this person prefer an extreme bundle, say 10 cigarettes and no cigarettes no coffee and 10 cups of coffee, or an average of these extremes (for example 5
Determine the importance of the political ideology as a key determinant of government policy toward the Foreign Direct Investment (FDI)?
What are the pros and cons of the regional economic integration when the regional economic integration can be seen as an attempt to achieve additional gains from the free flow of trade
Determine the political and economic arguments for regional economic integration? Given these arguments, why don't we see more integration in the world economy?
Suppose you are a monopolist producing video game software and know you can segment your market into 2 distinct groups of consumers:
Studies indicate that the changes in fiscal and monetary policy affect the 3 economic agents in the economy (households, firms and government). Discuss how do the changes in monetary and fiscal poli
Describe the main arguments in favor of economic stabilization. Describe why policy lags could make stabilization policies counterproductive. There are pros and cons if policymakers use mon
Discuss what would be the new long-run equilibrium price for this industry? What would happen to the number of firms in this new equilibrium?
Analyze a perfectly competitive firm that you have recently purchased a product from, focusing specifically on how it relates to the characteristics of the market.
The Johnson Robot Company's marketing officials report to the company's CEO that the demand curve for the company's robots in 2001 is ?P = 3,000 - 40Q, where P is the price of a robot, and Q is the
Provide real world examples of where this may be the case to strengthen your position. Are monopolies and oligopolies always bad for society? Provide at least one example of a case where having a m
Identify the process that maximizes profit per day if each part is made from $4 worth of material and can be sold for $30. Both processes are fully automated, and variable overhead cost is charged a
If gasoline costs $4.00 per gallon, discuss how much per mile driven does this tire save the customer (Brand A versus Brand B)?
Are oligopolies and monopolies always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position. Provide at least one example of a case where
Consider a pharmaceutical industry with two producers, P zer and Roche. The former is based in the U.S. will the latter is based in E.U. If both produce they both get a pro t of -20. If one produces
Southwest Airlines hedged the cost of jet fuel by purchasing the options that allowed the airline to purchase fuel at a fixed price for 6 years.
Identify the future worth in year 9 of a periodic investment that starts at the $8400 in year 1, increases to $9003 in year 2, and increases by the same number of dollars each subsequent year. The
Identify the future worth in year 10 of a periodic investment that starts at $8300 in year 1, increases to $8988 in year 2, and increases by the same percentage each subsequent year. The interest r