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It produced 100 units of X and 200 units of Y. The price of X, Px, is $2 and the price of Y, Py, is $3. What is the value of the country's GDP in 2009?
Describe some form of private spending that represent consumption and some forms that represent investment. The national income accounts include tuition as a part of consumer spending.
Explain how each of the following people would talk about scarcity and trade-offs. (a) the President of the United States (b) the leader of a developing nation.
What effect do rising interest rates have on the value of the Australian dollar? Use an AD/AS diagram to show the effects on Real GDP and the price level of an appreciating Australian dollar?
Aaron estimates that if it had no debt its beta would be 1.0. (Its "unlevered beta," bU, equals 1.0.) On this basis of information, what is the new total value of the firm?
Since we do not know the function of the demand curve, we can calculate only the arc elasticity. So by using the midpoints formula, for this family, the price elasticity of demand is |E| =?
Honda Accord sells for $24,000 in the United States and for SF29,500 in Switzerland. Given an exchange rate of SF1.25 = $1, how do the car prices of both countries compare?
Borrowing money to pay for them allows us to amortize the costs over the life of the benefits. Can anyone think of a program that costs a lot, but does not provide long lasting benefits?
In the past, 3% of such items have been found to be defective. If a sample of 100 is taken, and 9 of these are found to be defective, should the process be considered out of control? Explain.
Find the net demand curve-facing firm A. Determine A's optimal price and output. How much output do the other firms supply in total?
Determine the range of prices for which the firm incurs a loss but continues to produce. Also determine the range of prices for which the firm earns a profit.
Calculate the optimal output produced by each firm at the long run competitive equilibrium (LRCE). Calculate the market price and market output at the LRCE.
Suppose that if you get the contract, you estimate that you can win another project for two more units. Now what is your break-even price for those two units?
Suppose the manager of a firm operating in a competitive market has estimated the firm's average variable cost function to behow much output will the firm produce in short run?
How would you design a specific customized compensation plan for Agent-Principal (owners, managers, and employees) that would address both increased productivity and decreased turnover?
Show and explain what happens to real interest rates and real domestic investment in the market for loanable funds if there is an increase in demand for U.S. Treasury bills by Chinese and Japanese.
The marginal cost of each additional patron is constant at $10. If the theme park engages in third degree price discrimination, what is the highest of the two prices it charges?
Determine the range of prices for which the firm incurs a loss but continues to produce. Calculate the profit maximizing output and the resulting profit when price is $100.
Evaluate the current currency system used by China and its impact on the competitiveness of US firms. Please provide references.
Describe the two key tools of monetary policy, and describe how they would be used by the Bank of Canada to implement a contractionary monetary policy.
The firm sees substantial job losses as the recession takes hold. What evidence does GI present to support the view that Canada had entered a recession?
In 2003 to 2004, the Canadian dollar appreciated against the US dollar. Explain the effects of this appreciation on each of the following.
A monopolist faces the following demand and total cost functions: Q= 65 - 1/2P TC= Q(to the 2nd power) + 10Q + 50. Calculate the profit maximizing output and price of the monopolist. Calculate the res
Show the short run effect of this tax cut using the IS-LM model and the AD-SRAS-LRAS model. What will happen to output and the interest rate?
Using the year 2000 as both the base year and the basket year, compute the following statistics for each year:(2 %) Finally, compute the 10-year growth rate (in real GDP) for the economy.