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Describe how isocost curves for a cost of $135 and also for a cost of $270 would look. How would you describe both the shape and slope of the isocost curves?
Show how the consumer's opportunity set changes when the price of good X increases to $10. How does this change alter the maket rate of substitution betwee goods X and Y?
Using the Baumol-Tobin model, explain (in words and with equations) how this crime wave will affect the optimal frequency of trips to the bank and the demand for money.
Normal good and that households are initially borrowers. Illustrate graphically how the increase in the interest rate in period one affects consumption in both periods.
His expected income in period two is unchanged. Illustrate graphically how this job loss affects John's consumption in periods one and two.
Total cost of production is cq. Given that your company's objective is to maximize profit. what would be the best pricing strategy if the demand equation is for the entire market? Find the price.
This question uses the general monetary model, in which L is no longer assumed constant and money demand is inversely related to the nominal interest rate. Calculate the interest rate paid on Korean
Write a well-reasoned argument defending your stance. If deposit insurance were abolished, explain how would this change the incentive structure facing depository institutions?
The central bank sells $1 billion in government securities. What happens to the money supply? Give reasons to support your answer.
A firm uses a single plant with costs C = 160 + 16Q + 0.1Q2 and faces the Price equation P = 96 - 0.4Q. Find the firm's profit maximizing price and quantity. What is its profit?
While the yen tends to appreciate unexpectedly in the same circumstances. As a U.S. resident, which currency, the euro or the yen, would you consider riskier?
If the dollar depreciates, what would you expect to happen outsourcing by American companies? Explain and provide an example.
What happens to the value of the owners' equity in this bank? How large a decline in the value of bank assets would it take to reduce this bank's capital to zero.
How much will consumers spend on shoes at a price of $80? As price drops from $100 to $80, is the demand elastic or inelastic? Show your work or reasoning.
After a long wait, she received one offer to purchase the license for $66,000. Would you recommend she accept the $66,000 offer? Why or why not? Explain.
From this information, can you devise a general rule explaining how the Herfindahl-Hirschman index is affected when exactly two firms in the market merge?
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.
The standard error of the slope coefficient was 0.05. Does the estimated equation provide evidence in support of the CAPM for stock i? Justify your answer.
In economics, we say that firms should not use sunk costs when making decisions, only opportunity costs. Knowing that, how are sunk costs valuable to a firm already in a market as other firms consi
If the profit fuction for a perfectly competitive widget is: What is the product maximizing level of output for this producer? Will the producer make a positive profit at this level of output?
Use a basic model of human capital investment to predict and explain the effect of this program on average educational attainment and earnings. Explain.
Can you say what happened to the overall "price level?" How might you construct a measure of the "change in the price level?" What additional information might you need to construct your measure?
First, write out the expression that represents the sacrifice ratio. Second, explain what the sacrifice ratio represents.
How might network externalities affect firm operating strategies (pricing, output, and advertising) and firm size?