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A company that supplies buses to various municipal transport organizations? Which of these investments would decrease your overall level of risk? Explain.
Using the following schedule, define the equilibrium price and quantity. Describe the situation at a price of $10. What will occur?
January 1, 2005, to this year and bought a bento (box lunch) for 1000 yen each year. Convert this amount to dollars using the yen-dollar exchange rate for each January since 2005.
Compute the price elasticity of demand for paint and show your calculations. Explain your reasoning and interpret your results.
Calculate the deadweight loss from the tax. Could the tax be justified despite the deadweight loss? What tax revenue will be generated?
Statistics on families below the poverty line may be overstated because? the poor are primarly children who soon will move out of the country
Sara and Sid produce boards and sails for windsurfing. Calculate Sara's opportunity cost of a board. Who has a comparative advantage in producing sails?
Suppose the elasticity of demand for a product is 0 and elasticity for supply is 1. If the government imposes a tax on the product, then?
consistent with those predicted with the structure-conduct-performance paradigm's or concentration ratio predictions? Why or why not?
And what might be the carbonated soft drink producer's four firm concentration ratio, an industry that heavily depends upon high fructose corn syrup as a key ingredient?
If the marginal propensity to consume out of permanent income equals 0.9 and current income equals $55,000 (of which $5,000 is transitory income), then consumption should equal what?
Assume Qd = 2700 when P = 11. And Qd = 2100 when P = 13. Calculate the price elasticity of demand? (using 1st method I got 1.24) (using 2nd method i got 1.221)
Suppose the equiilbruim wage rate for apricot pickers is $9.00 per hour in california and at that wage rate the equilibruim quantity of apricot pickers is 14,000. If the minimum wage is set at $7.50
What is the current unemployment rate for college graduates? How does this compare to the current national unemployment rate?
If Frank is maximizing profits, what is the marginal revenue product of the last worker he hired? What is that worker's marginal product?
Determine whether each of the following is an example of an automatic fiscal stabilizer. Give reasons to support your answer.
You believe that you will be able to reinvest the coupons earned over the next five years at a 6% rate of return. What is your expected annual compound rate of return if you plan on selling the bond
Define the equilibrium of a market. Describe the forces that move a market toward its equilibrium. List and explain the four determinants of price elasticity of demand.
Do you agree or disagree with the statement that: "A monopolist always charges the highest possible price."? Explain.
Data on before-tax income, taxes paid, and consumption spending. Graph the Bens consumption function and find their households marginal propensity to consume.
Suppose that a firm's only variable input is labor. When 50 workers are used, the labor is 50, and the marginal product of the 50th worker is 75. What is average variable cost? Show your calculation
Advertising expenditures are $50,000, and disposable income per household is $45,000. Briefly discuss the individual variable significance.
Discuss the problems faced by Elmhurst Dairy and by Starbucks in entering into a long-term supplier relationship.
Based on this statement, what would happen to the demand curve for dental services if patients had to wait longer for an appointment with a dentist?
Sell these limited rights to polluters. From an economist's perspective, what would be the advantage of such a market for pollution rights?