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Determine the percentage change for the two years. Explain the drastic change and what this meant for the U.S. population.
the market resulting in an infinite stream of profits of $8 Mil. annually. The current interest rate is a tremendous 210 percent. Would limit pricing be considered profitable for the incumbent?
At what weekly output is marginal cost equal to average variable cost? What is the minimum product price at which the firm will operate in the short-run?
The water project has a capacity limit of S = 18, and the marginal cost of water supply is constant at 1. What is the efficient price of water? What are the quantities of water allocated to agricultur
What is the expected value for the random variable "number of acceptance? What is the variance? What is the probability that she wil be accepted to 3 colleges? What is the probability that 8 or more
What is the marketing concept recognizes that individuals pass through stages in the course of their lives in groups that are related to their age, period of maturation, and environmental events.
What was the impact on the supply and demand of labor on one sector of the labor market? Explain the factors that affected labor demand and labor supply in the chosen historical example.
Fearing inflation, it wants to increase taxes so that the net change in the equilibrium level of GDP is zero. By how much should taxes be increased?
Your grandparents tell you that in 1960 they paid $0.35 for admission to a movie. The price index in 1960 was 30. The price index today is 171. What is the price your grandparents paid in today's d
Valentines Restaurants has a monopoly in the town of Palmerston North. Its production function is Q = 10L, where L is the amount of labour it uses and Q is the number of meals produced. In order to
What are the new equilibrium price and quantity? How much of the tax is borne by consumers and how much by producers? What is the new CS and PS? What is tax revenue?
Productivity often rises during economic expansions and falls during economic recessions. Can you think of reasons why? Briefly explain. (Hint: Remember that the level of productivity involves both
Explain the decline in deficits and subsequent surpluses in the late 1990's. Explain the return to deficit spending since the turn of the century.
How much consumer surplus would be created by randomly assigning buyer to sellers? Which method gives the larger surplus?
Contribution to the public good and G = x1 + x2 + x3 + x4 is the amount of the public good that is being provided. What contribution levels would be efficient (i.e. maximize the sum of the payoffs of
Solve for the Nash equilibrium of the game between the two firms. Is the total number of wells in equilibrium efficient? Why or why not?
Suppose that firms A and C merge and then choose the output level that is best for them. What would the output be? Does the merger improve efficiency? what would now be the optimal tax/subsidy?
Indicate whether the effect of each is an upward or downward movement along a given demand curve or instead involves an outward or inward shift in the demand curve for new autos. Explain your answer
According to the model in this chapter, would a reduction in the budget deficit reduce the trade deficit? Would it raise the value of the dollar? Explain.
the Japanese Yen will depreciate against the U.S. dollar over the next six months. Assuming that the exchange rate remains unchanged, how much does your firm expect to receive in U.S. dollars?
Which of the following is not a source of economies of scale?
What is a competitive market? Brieftly describe a type of market that is not perfectly competitive.
In a short essay, explain why emerging markets have grown at such a fast rate. What characteristics of emerging markets contribute to their success?
Evaluate the relative importance of economies of scale and comparative advantage in causing the following:Much of the world's most expensive wine comes from France.
What is the total number of wells that maximizes the sum of the profits of both firms? Suppose now that the two firms behave non - cooperatively.