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a. What is the marginal product of the second worker? b. What is the marginal revenue product of the fourth worker?
Why does the aggregate supply curve become very steep after potential output is reached?
Using the model of supply and demand, can you provide a possible explanation for the decrease in the price of access?
During a recession, interest rates may fall even if the Fed takes no action to expand the money supply. Why? Use a graph to explain.
If the theaters fixed costs are $1200 per day, what price should the theater charge for a ticket if it wants to maximize profit? how big will its profit be?
Suppose that the Keynesian short-run aggregate supply curve is applicable to a nation's economy.
Early in 2007, a survey of greenhouses indicated that the demand for houseplants was rising sharply.
The effect of an excise tax on a commodity might seem at first sight to raise the price that buyer pay.
"Though sales are down, prices continue to rise in apparent violation of the law of supply and demand."
As a part of your answer, illustrate graphically the effects of both policies on the market for cigarettes.
With increased access to wireless technology and lighter weight , the demand for laptop computers has increased substantially.
Explain how this will affect aggregate demand and the rate of growth of the economy.
Define and explain the interest parity concept using formal methods
What happens to the equilibrium price and quantity of macaroni and cheese?
What is the impact of a trade surplus? What is the impact of a trade deficit? How do trade deficits and trade surpluses affect the firm you work for?
Discuss the effect of consumer subsidies on the demand and supply curves of a product.
The following problem traces the relationship between firm decisions, market supply, and market equilibrium in a perfectly competitive market.
a. What is the firm’s optimal output? b. What price should the firm charge?
Who are the organization's' clients/customers? What products and/or services do you supply to them?
Determine the price and quantity for maximum sales revenue and calculate the maximum revenue.
Determine the equilibrium price and quantity under free trade.
Use a diagram to show NG's demand curve, marginal revenue curve and cost curves such that its profit maximum price is $199 per square foot.
If it is privatized, what kind of regulatory policies could the government follow, and what impact might they have on the firm?
Describe how the concept of scarcity affects the aggregate supply curve.
The demand and supply curves for T-shirts in LA, Ca, are given by the following equations: Find the equilibrium price and quantity algebraically.