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a production function is given by fkl 2lk12 note output q fkl in the short run k25 and r 5 and wages are given by w
suppose there are two countries in the rich country the representative consumer has hr units of human capital and total
when the ipad was introduced applersquos apples constant marginal cost of producing this ipad was about 220 we estimate
assume a perfectly competitive market is initially in long-run equilibrium in the short run a decrease in raw materials
you are the manager of a monopolistically competitive firm your demand function is p25-q and your cost function is
the total marginal cost functions of a competitive firm are tv18002q2 and mc4q where tv and mc are total cost
an individual has the following preferences over lotteries l2 gt l1 where l1 -50 1 ie lose with 50 with certainty and
a firm in an oligopolistic industry has the following demand and total cost equationsp 800 ndash 20q and tc 500 100q
suppose that the cost function is represented by cq 10010q5q2a find the fixed and variable costb find the average cost
a firm faces two kinds of employees those able to sell 10 units per year and those able to sell 5 units per year high
in non-zero-sum games a one players winnings equal the other players losses b one player always wins and the other
suppose a central bank does not satisfy the taylor principle that is vp is less than zero use a graph to analyze the
suppose the dollar-pound rate equals 05 per pound according the purchasing power parity theory what will happen to the
a bank has excess reserves of 400000 and makes a new loan for 50000 if the bank faces a 25 required reserve ratio by
the airline business is characterized by high capital costs and low profits wouldnt competition make the situation
the windfall price increase of an imported good that results hen a quota is imposed on that good accrues toa consumers
economists generally dislike the restriction of trade because ita reduces a nations industrial diversificationb does
which of the following is a primary determinant of price elasticity of supplya consumer preferences and tastesb the
when a government puts a tax on an imported good that effectively stops all imports of that good it isa a special
which best expresses the relationship between the market and individual demand curvesa the market demand curve is an
the effect of a trading partner who imposes a binding import quota on the good the home country is export
suppose you have the following informationcurrent product price equal 500current sales level equal 45000 unitsthe
answer all of the questions1 how is total risk measured2 what is a portfolio3 why is the standard deviation of a
1 compared between monopoly and perfect competitive market there is no deadweight loss in the latter one so the market
in the late 1990s car leasing was very popular in the united states a customer would lease a car from the manufacturer