Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
1 if we could produce all the food we needed in our own backyards and if technology were so advanced that we could all
your president bought two acres of land for 200000 ten years ago although it is zoned for commercial use it currently
discuss the sharing economy from a supply and demand standpoint how do companies like uber and airbnb affect supply and
fixed cost for a firm is given by fc 400 and variable cost is given by vc 5q 1frasl4q2 where q is the output level
the table below shows output and prices during 2015 in a hypothetical economy that produces only two goods-sweat shirts
the price level was 145 and the quantity of real gdp supplied was 500 billion this year the economy is producing at
each identical consumer has the following demand for golf q 100-p where q is the number of rounds of golf played per
suppose that total factor productivity z affects the productivity of government production just as it affects private
in its 2012 long-term budget outlook the congressional budget office cbo reported during the next decade alone the
assume that a countrys per-worker production is given by y k12 where y is output per-worker and k is capital per
in 1878 the us census bureau reclassified homekeepers primarily women who stayed at home to look after the household
market failure is a situation in which a given market does not efficiently organize production or allocate goods and
use an isoquant drawing for the following problemyour firm uses machines and labor as inputs your firm also uses
in the economy of togo the price level is exogenously determined as a consequence theeconomy is well represented by an
fixed cost for a firm is given by fc 400 and variable cost is given by vc 5q 1frasl4q where q is the output level of
a team of three laborers in mongolia makes rugs by hand for export to the united states the team makes 12 rugs per year
use an isoquant drawing for the following problem your rm uses machines and labor as inputs use an your rm also uses
suppose that commuting emits pollution that contributes to global warming also suppose that cities impose height
suppose that we have two cities in a larger system of cities call these cities san francisco and sacramento san
demand for water from the sacramento river basin srb is given by inverse demand curve p 5000 -0001q where q is in
use the production data shown on the left and the labor supply data on the right for a single firm to answer the
one could easily find either of the following explanations in the press for strong us economic performance during the
suppose you are hired to manage a small manufacturing facility that produces a particular productpart a you know that
in the tables below are the demands for labor and the levels of domestic output that can be produced at each level of