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Suppose you have invested in a new computer company whose profitability depends on two factor. what are four mutually exclusive states of the world that you should be concerned about?
we find the top four firms sales to be $175,000, $150,000, $125,000, and $100,000, respectively. Calculate the four-firm concentration ratio in the market for product x.
Your firm's research department has estimated your total revenues to be 3000-8Q and your total costs to be 100+2Q . (Note that MB= 3000-16Q and MC=4Q. What level of Q maximizes net benefits?
Explain why a current account deficit "must be financed by capital inflows. Under what circumstances should the debtor nation status of the United States be a concern?
what would that group be? provide an example of the interaction between this and the group listed in your answer.
Using the concepts discussed in class(isoquants, costs, MRTS, etc.) describe how the manager should decide to run the campaign.
marginal cost is $20 per unit, average total cost is $25 per unit, and average variable cost is $22 per unit. What can we say about Williams Company?
explain why this new process will not cause a surplus of crude oil. If no surplus is created, then what will be the impact of this process on the market for crude oil?
Draw the income-leisure budget lines for the custodial and noncustodial parents before the policy is enacted - two separate graphs.
he following table shows the utility of consumption of Pizza to Mario. Calculate the marginal utility for each quantity consumed. Derive and graph Mario's demand for pizza.
In 1996, the "flat tax" was a popular campaign idea for several Republican candidates for president. If such a flat tax were enacted, what would happen to the role of government as redistributor?
Calculate the present value of each of the following future payments. A $10,000 lump sum received 2 years from now if the market interest rate is 10 percent.
Does farming in the United States have the characteristics of perfect competition? How does perfect competition in the farming industry help farmers and consumers? Hurt farmers and consumers?
Why did the dot.coms climb in value when they hadn't earned dollar one? Given the experience of the last several years, how has the valuation of dot.coms changed?
Suppose 1 and 2 take each other's clean up effort as given. Derive the optimal effort of 1 as a function of 2's effort. Find the symmetric Cournot equilibrium. Are there other Cournot equilibria?
What is the price elasticity of demand for a cable car ride? Know that the far increase on cable car rides was 67%. Price is $5 one way. Prices were raised to help ease a $57 million deficit.
Why does the United States have an absolute advantage in both goods? Which country enjoys a comparative advantage in Food? Why?
If 100 percent of the deficit is financed by the securities to federal agencies, what happens to the amount of debt held by the public? What happens to the level of gross debt?
How large of the profit is the firm earning? What will be the rate of return earned by firms in this industry once the industry reaches long-run equilibrium?
A competitor across the street started selling the identical food for $22 per bag. Should Roscoe's Rascals match the price offered by the competitor?
what are the Hicksian demand functions generated by u(answer in terms of h(p; u) and e(p; u)). How are the expenditure functions related?
What is the marginal revenue from an additional dollar spent on advertising if the firm is currently spending $1 million on advertising?
Blend of gasoline and alcohol derived from corn. What would you expect the impact of this program to be on the price of corn, soybeans, and wheat?
If the prevailing market price is $17 per unit, how many units will be produced and sold? What are profits per unit? What are total profits? Calculate a marginal cost and an average cost schedule f
In what range of muffins per month would that saturation point need to be for a consumer to select pricing option b?