Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Explain why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms.
Write out the multiple regression equation. At the 0.05 level of significance, determine whether each independent variable makes a contribution to the regression model
Estimate with 95% confidence the difference between the two population mean scores; do not assume equal population variances.
Suppose nominal money growth equals 3% and inflation equals 5%. Given this information, explain what happens to the growth rate of output.
Suppose that the firm's only varible input is labor. When 50 workers are used, the average product labor is 50 and the marginal product of labor is 75. What is the average variable cost?
Compare the additional revenue Microsoft makes as it moves from 20 million to 40 million copies of Vista with the additional revenue.
Total demand for polyglue is given by the following function (Qt = Ql + Qf): Alchem's marginal cost function for manufacturing and selling polyglue is?
How many bushels will each of the farmer's five acres produce? How much revenue will each acre generate? What are the TR and MR for each acre?
In what type of market structore would this behavior likely be prevalent? What is an argument on the other side of that presented in d?
How will each of the following affect the demand for resource A, which is being used to produce commodity Z? Where there is any uncertainty as to the outcome, specify the causes of that uncertainty.
Forecast Accuweather's mercury needs for January, April, July, September, and December of 2007. What seasonal adjustment factor should the rm use for November?
Write an expression describing total revenue from tickets plus popcorn plus other concessions. Forecast total revenues for regular and special Tuesday-night pricing.
Write the objective function in terms of L (labor). Use TR = TR[Q(L)] for total revenue. Derive the first order condition (FOC) for profit-maximization in mathematical notations.
An economist has estimated that, at the current price of $1.25 per pill, the own price elasticity of demand for the drug is -2.5. Based on this informaton, what can you do to boost profits?
If foreign producers can sell in the domestic market, what is the equilibrium price? What is the equilibrium quantity? How much is sold by domestic and foreign producers, respectively?
Decide whether the demand for paint is elastic, unitary elastic, or inelastic. Explain your reasoning and interpret your results.
Explore how risk and uncertainty affect managerial decision makers. What are the implications of risk averse, risk neutral, and risk taking behavior on the types of investments chosen?
Calculate the total differential of Q. For the next three questions the answer should be a number: Calculate the price elasticity of demand EQP.
Derive the demand schedule for X based on a standard budget constraint, M = (PX)X + (PY)Y and assumed utility maximization.
What is unusual about this market? Give an example of a good or service that might be characterised by this unusual market attribute.
Explain what the equilibrium interest rates for the federal funds rate, the government bond rate, and the private bond rate are and what the equilibrium level of income is.
Business Ethics which are generally found in the "mission" or "vision" sections. Explain in your own words why ethical behavior is so important to organizational leaders who set policy.
Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon. Compute the price elasticity of demand for paint and show your calculations.
Edward could earn $12 per hour as a pedicurist. The interest rate is 10 percent. Given his current level, compute his marginal cost and average cost of cutting lawns.
In 2006, bread cost $1.50 per loaf, milk cost $2.00 per gallon, shirts cost $7.00 each, and pants cost $12.00 per pair. Using 2005 as the base year, what was Aquilonia's inflation rate in 2006?