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Demand for coffee is given by the Qd = 150000-15000p, where p is the market price. The market for coffee is perfectly competitive.
If this figure holds for the entire population and if a random sample of 145 people 15 years of age or older is taken, determine the probability that more than 44 of those sampled do volunteer work?
Find out and explain the four goals for financial statements that the Financial Accounting Standards Board (FASB) hopes to achieve through generally accepted the accounting principles (GAAP). With t
Determine the book value and depreciation charge of an equipment purchased four years ago for $80,000, a salvage value of the $10,000, and a expected life of 7 years if it is depreciated:
A firm has a production function of the form Q = K (1/2)*L (1/2) where the (1/2s) are the exponents. Determine the output if the firm uses 9 units of labor and 4 units of capital?
Would you expect that quantity theory would do a better job of predicting inflation in high-income countries such as the United States or Germany or in less developed countries such as Kenya or Zim
Determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs from the scenario for Katrina's Candies.
Explain what would be a good response to a statement such as Do what you do best and hire others to the rest. Dr. Walter Williams Economics?
Explain how opportunity cost is used in decision making. Discuss why is it important to think about what is forgone when the decisions are made? Write down an example of a decision that you
Although Ericsson's arrangement with Flextronics is the most ambitious to date, others in the industry are also turning to outsourcing. Explain why do you think they are doing so now, rather than ea
A recent economic study found that the difference in prize money among the winners of downhill ski races and second-place finishers is much less than the difference in the professional golf tourname
The government nationalized the healthcare system and reduced doctors' compensation in Canada. Is this a form of post-investment hold up?
The company's fixed costs are 2,500,000 dollars and its debt repayment requirements are 1,000,000. Selling price per barrel of oil is 18 dollars and variable costs per barrel are 10 dollars.
Determine the cross-price elasticity of demand among good X and good Z when the Px = $154? Are good X and good Z substitutes are complements?
Describe some of the advantages, disadvantages to Replacing the Canadian personal income tax system with consumption tax: benefits and the challenges?
Illustrate the cheese market for the United States showing the world price as the price for this market. Discuss how much cheese does the U.S. import at the world price? Now assume that the cheese l
Assume the interest rate in Japan is 1.5% per year and traders expect the dollar to appreciate by 0.75% this year. If interest rate parity holds, all else equal, determine the value of the interest
Explain the expansionary stabilization policy, contractionary stabilization policy, and the assigned stabilization policy; explain when a contractionary policy is required.
Assume that the government supplies each tax payer with a $1,000 tax rebate financed by issuing the treasury bonds. Draw an alternative views that calculate how this fiscal action will infl
Explain what savings rate is necessary for the economy to reach this consumption maximizing steady state and how does this compare to the current savings rate (24%)?
At what price is revenue maximized, and determines revenue at that point? Find out the elastic and inelastic regions of the demand curve.
Suppose you plan to purchase a car. The dealer is offering special financing at an annual percentage rate (APR) of 8 percent for 100 percent of the car value.
Examine the different stakeholders (i.e., government, three (3) affected parties) that are involved in the externality, and find out what their roles are with regard to the externality.
In January 2012, one US dollar was worth 50 Indian rupees. Assume that over the next year the value of the Indian rupee decreases to 60 Indian rupees to one US dollar.
Explain a model of economic growth with "spillover effects". Be sure to explain how the model explains per capita income growth by means of increasing returns.