Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
To minimize costs Mitsubishi should hire capital and labor until the marginal rate of technical substitution reaches what proportion?
If consumers were willing to pay $2.00 to purchase each gallon of fresh drinking water, how many units did she have to sell in order to turn a profit? Explain carefully.
The following equations describe the labor market for nurses in a small Midwestern town along the Ohio River. Suppose that the nursing market is monopsonistic. What will be the equilibrium employment
Calculate the point elasticity of demand at this TR-maximizing price and quantity. Does the elasticity have the expected value? Explain. Use calculus to determine the TR-max level of output, price, a
Have you ever known anyone with one of these conditions? How did it manifest itself? If the person received counter conditioning to correct the condition, what were the results?
What is the marginal product of capital in this situation? What must the saving rate be to achieve the Golden Rule level of capital?
Can the trading value of gold exceed in equilibrium? Explain. What is the eect on gold consumption and mining of an increased use of gold as money?
What is the principal-agent problem as it related to corporate managers and stockholders? How did firms try to solve this problem in the 1990's? In what way did the solution backfire on some firms?
Show what the graph would look like if US buyers could purchase all the steel that they wanted from world markets at $610 per metric ton; show the quantity of imported steel.
Assume that you know that the standard deviation of the value of a bill in the box is 7.96. Your decided that you will reject the null if the average value from 5 draws is less than 6. What is the s
Explain in each case how the change you advocate would affect commercial bank reserves, the money supply, interest rates, and aggregate demand.
The amount of money demanded for assets, given a particular asset demand for money curve? How is the equilibrium interest rate in the market for money determined?
She is paid $10 an hour for the first eight hours she works and $15 an hour for each additional hour. What is the firm's cost function? What are its AC, AVC, and MC functions? Draw the AC, AVC, and
Over what range of labor input is marginal product smaller than average product. What is happening to average product as employment increases over this range?
In this price-quantity range. If the company wishes to restore its sales to 10,000 pairs a month, what price should it charge per pair of socks?
How does self-interest help achieve society's economic goals? Suppose a company is producing 400 loaves of bread daily.
The marginal corporate tax rate is 35%. Should Beryl's Iced Tea continue to rent, purchase its current machine, or purchase the advanced machine
therefore 32=x^2 (px/py) if py=2 we get that 64/px=x^2 therefore x=8/(px)^1/2 = hhx. how to derive the hhx for perfect substitutes?
Others argue, however, that the clause gives manufacturers more power in bargaining with other buyers. Explain how this increased bargaining power might occur.
Tom has $1000/wk of income to spend on 2 goods. Derive the demand schedules for X and Y.Determine the values for X and Y that maximize utility when PX = 40 and PY = 50.
Purchased $20,000 worth of supplies from an office supply store, and sold jerseys for $280,000. Based on this information, what was the value added to alejandro's store in 2008?
A profit maximizing monopolist is facing the demand function. Find the profit maximizing Q, and price for the monopolist. Find the maximized profit.
If the cost of the parts is $20 per unit, what is the economic order quantity? What is the reorder point for part if the reorder point is expressed in terms of the inventory on hand rather than the
Find the marshallian demands for x1,x2, and x3 in terms of income Y and prices p1,p2, and p3. Let the prices p1=2, p2=1, p3=1, and Y=100. Find the utility-maximizing values for x1,x2, and x3.
If it costs the town $55,000 for each additional police officer, the town should hire ________ new police officers. The problem with police protection is that it is a public good and hence is characte