Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Q. If Wilbur has the right to peace and quiet, what will the number of flights allowed if Orville can negotiate? Q. What will be the value of Wilbur's house at the socially efficient number of flights
Question 1. When the CR = 80%, is the market efficient when the market behavior follows the price leadership model? Question 2. When the CR=80%, is the market efficient when the market behavior follow
If you were not word processing, you could earn $20,000 per year at an alternative job. Assume that the interest rate is 10%. You can also hire an assistant who can do everything that you can do for
Q1. Calculate Foust's after-tax cost of new debt and common equity. Calculate the cost of equity as D1/P0+g. 8.42/65.00+8% Q2. Find Foust's weighted average cost of capital.
Economists consider which of the following costs to be IRRELEVANT to a short-run business decision?
Q1. What is the firm's fixed cost, FC? Q2. What is the firm's variable cost, VC? Q3. What is the formula for the average cost, AC? Q4. What is the formula for the average variable cost, AVC?
1. What is the expected cash flow? 2. If the company's cost of capital is 10%, what is the expected net present value?
What is the benefit of being able to price discriminate to the firm? Is "the firm can charge each customer the maximum price that the customer is willing to pay for each unit bought" correct?
a) Determine steady-state per capita capital, k, and per capita income, y and show graphically. b) Identify per capita interest payments on the external debt in the steady-state.
Problem: In the country of Leducistan, nominal GDP fell but real GDP rose. Explain how this is possible.
A company wants to prepare a demand curve for its product that it is selling. How would it get the information to prepare the schedule? How could a company prepare a demand curve for a new product t
Question: Graph the demand, total-revenue, and marginal revenue curves for this firm. Question: Why do the demand and marginal-revenue curves coincide?
Question 1: Calculate Foust's after-tax cost of new debt and common equity. Calculate the cost of eq-uity as lcs = DI/Po + g. Question 2: Find Foust's weighted average cost of capital.
Problem: How do the concepts of production possibilities and efficiency apply to electronics retail sales and your personal life?
Suppose the firm can produce 5000 units of out put by combining its fixed capital with 100 units of labor and 450 units of raw materials. What are the total cost and average total cost of producing
a) What is the short run production function? b) What is the total cost function for your plant to produce q engines (in terms of q only)?
The cost curves show the marginal cost (MC) and average total cost (ATC) of the single producer. The graph also shows the marginal revenue curve faced by this firm. How many computers will the
An industry with one very large firm and 100 very small firms experiences an increase in the demand for its product. Use the dominant firm model to explain the effects on the price, output and econo
a) What is the optimal combination of labor and capital to use in order to maximize output for a total cost of $2,200? b) How much output will be produced?
a) Why are short-run marginal cost curves expected to slope upward? b) If you know that average costs are increasing, is the marginal cost curve above or below the average cost curve?
Suppose that the firm's Production Data is given in the following schedule (where Q is the level of output). If P=$50 and w=$14,500, how many workers should the firm hire to maximize profits?
Use an isoquant/isocost diagram and words to show how firms will respond to a decrease in the wage rate. Be sure to identify the short run scale effect and the long run substitution effect.
Suppose XYZ can sell up to 40 units of output per hour at a price of $.60 per unit but cannot even get a penny for units produced in excess of 40 units per hour. How much output should XYZ produce e
Problem 1: Which of the following sets of economic data is minimizing the cost of producing a given level of output?
Question 1. Using the net present value method, determine whether or not each investment earned at least 12%. Question 2. Did the investments as a whole earn at least 12%? Explain.