Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Express total profits in terms of Q. At what level of output are total profits maximized? What price will be charged? What are total profits at this output level?
Most wireless carriers offer their customers a "free phone" with a one year wireless agreement. Is this pricing strategy rational? Explain.
What are some reasons why this industry has a high CR while Industry A had a low CR? Is it possible for smaller firms to thrive and profit in Industry B? Why or why not?
What must be true for a consumer to buy a good or service? the consumer must be able to obtain some a consumer surplus.
Identify the equilibrium outcome(s) in each of the three payoff tables. In each table, predict the exact outcome that will occur and explain your reasoning.
Show how growth accounting could be used to learn the value of g. Analyze the effects of an unanticipated permanent reduction in g on the real wage rate and the real interest rate.
Compute the cross elasticity between hot dog/pizza as well as soft drink/pizza using Q you found in (b) and interpret the results. Is it a good idea to reduce price further based upon your answer (e)
Tomoe buys less than 10 ounces per week at $1 per ounce, but would buy more than 10 ounces if the price dropped to $.80. Is Tomoe better off with or without the CRP?
Instead of working as a consultant for the year, he could teach economics at a small local college and make a salary of $50,000. What is Hiro's accounting profit?
If the Bank of Canada requires banks to hold 5 percent of deposits as reserves, how much in excess reserves does Nan Bank Inc. now hold?
Compounded semiannually. If he withdrew $2000 in months 3, 7, and 20, what was the total value of the account at the end of 2 years? Assume no interperiod compounding.
Suppose that no communication is possible between the firms; each must choose its R&D strategy independently of the other. What actions will the firms take, and what is the outcome?
Suppose a society has two individuals. One has annual income $10000, the other has annual income $90000. What is the Gini coefficient for this society?
Increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices?
Compute the complete payoff table. (Firm A has four possible allocations: 3-0, 2-1, 1-2, and 0-3. Firm B has three allocations: 2-0, 1-1, and 0-2.) Is this a constant-sum game?
How might you construct a measure of the change in the price level? What additional information might you need to construct your measure?
Does either player have a dominant strategy? Does either have a dominated strategy? Explain. Find the players' equilibrium strategies.
Show that these data yield a price elasticity of .25. By what percentage would a 10 percent rise in the price reduce the quantity demanded, assuming price elasticity remains constant along the deman
The government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially ( before multiplier effects ) with A $50 billion increase in government purchases?
Do the changes in the macro environment of McDonald's and Wal-Mart affect the individual firms and industries through the microeconomic factors of demand, production, cost, and profitability?
Then, plot Nicole's demand for handbags using the red points (cross symbol). Finally, plot the market demand for handbags using the blue points.
In the IS-LM model, will a tax cut change the money supply in the economy? Does a change in the money supply shift the IS or the LM curve?
After Hurricane Katrina an increase in the demand for homes in Baton Rouge would normally create, ceteris paribus. Would this be a decrease in supply or a decrease in supply quanity?
A strong dollar has significantly increased the amount Europeans must pay for American goods. This has caused the economy to shrink! Use Open Market Operations to increase the rate of economic growt
An agency is having problems with personal phone calls made during working hours. If operators receive $25 an hour, what is the minimum possible total cost of personal calls (per hour)?