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How many bars of soap will you want to produce if price falls to $2?Suppose price of soap is again $3 per bar, but prices of all 4 resources are now $1 per unit. Which is now the least-profitable te
Total costs include a "normal" return on the time (labor services) and capital that the owner has invested in the firm. What is the firm's profit maximizing output level?
Suppose you have a project that costs $100 today and yields 0 today but then pays 5 a day for the next 30 days. If the interest rate is 5%, what is the present discounted value of the project?
Write down the person's budget constraint? What is the person's marginal rate of substitution of consumption today for consumption tomorrow?
Write down the expected utility of the farmer. Suppose the farmer buys insurance that pays 3$ if it doesn't rain but costs 2$. What is their consumption when it rains? When it doesn't rain?
In a particular region, there are two lakes rich in fish. What interpretation would you give to the Lagrangian multiplier, λ?
Use the Lagrangian method to calculate the least-cost allocation of production to the two assembly lines. What is the firm's total cost equal to if it fulfils its contract?
If the MPC is 0.6 what is the value of the multiplier? What would be the new equilibrium value of real GDP corresponding to the $20 billion dollar increase in government spending?
A budget surplus of $60 billion merits, and investment of $100 billion merits. What were its consumption and government expenditures on goods and services?
Could nudges be avoided? Do all policies contain some unconscious nudges and incentives? Do all nudges influence people? If so, how and why?
However, when you account for the effect of your brand to the model, the brand variable is also a significant predictor. What are the potential explanations for this?
In addition to the any general critiques that you may have provided in the previous question, how would you improve this survey to better reflect the needs of the consumer?
Is your boss justified in making this suggestion based solely on the data? Explain why. If not, explain your reasoning and explain what she needs to do methodologically to make a stronger case.
What attributes does the reference product have? How much does it cost? What is the price of Horizon brand, 2 percent fat, chocolate milk with no DHA Omega?
What is the equilibrium price and quantity for organges? Suppose the price of labor increases to $8 (Ps=$8) what happens in this market?
Analyze the effects of each of the following on national saving, investment, and the real interest rate. Explain your reasoning and illustrate it with an appropriate diagram.
Suppose that the full-employment level of output is 10,000. Graph the relationship between desired saving, Sd, and the real interest rate r. calculate the equilibrium real interest rate for the econo
Before purchasing the machines Fred's finds that it will be subject to a new tax of 32.5 percent on all of its revenue. Now what is the profit maximizing number of machines for Fred's to purchase?
Draw consumer A's budget constraint. How does the budget constraint of consumer A compare to the budget constraint of consumer B? Explain.
How would you argue your case, both in terms of opportunities and necessary local adaptations to successfully enter the region or further develop your presence?
What is the point price elasticity of supply at the equilibrium quantity? What is the point income elasticity of demand at the new equilibrium quantity?
Suppose that in a closed economy GDP is equal to 11,000, taxes are equal to 1,500, consumption equals 7,500, and government purchases equal 2,000. What is national saving?
Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime population grew 50 percent and prices rose 100 percent. What happened to re
Why do you suppose that X, the productivity of each fisherman, falls as N, the number of fishermen, rises? What economic term would you use to describe the fish in the town lake?
Assume that the income and bills occur at the end of each month, but the taxes are paid annually. Should John Livingston get into this venture?