Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Oil alone as in our examples. Will fields with both oil and gas have greater difficulties in unitization than fields with oil or gas alone? Explain.
what range of payments will the farmer accept? (Remember that negative payments are also possible.) Answer the same questions for the fifth day.
If the government decides to increase its expenditure by £10 billion what will be the new equlibrium level of output/income.
Compute the cash flows associated with retaining the old machine in years 1 to 2. If the firm needs the service of these machines for an indefinite period and no technology improvement is expected i
Assume that the new equipment will save only $15,000 a year, but that its economic life is expected to be 12 years. If other conditions are as described in (a) above, should the company buy the prop
If the interest rate is 10% and the employee's travels are anticipated to be 12,000 kilometers annually, what is the equivalent cost per kilometer (without considering any income tax)?
A frim producing the good in this market has the short-run production function Q=60L^2-L^3. Find the labor input that maximizes output.
Consider the production function Y=(√K)(L). Is this production function characterized by constant returns to scale? Explain.
Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rater than own them and staff them with employees?
If, on average, Japan's real per capita output grew at a rate of 3 percent per year between 1973 and 1993. What would Japan's output per capita have been at the end of 1993?
If your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year, by what percentage would your real income (approximately) increase?
In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year's rate of inflation? What term do economists use to describe this second outcome?
Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion in that year, how much output is being forgone because of cyclical unemployment?
Institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force? What is the official unemployment rate?
Explain the major factors that affect the degree of competitiveness in your industry. Use the data to develop at least three (3) measures (e.g., productivity measures) to show how the industry is ev
How would you try to convince him that this is probably not the right way to look at international trade and its effects on the country?
Draw her indifference curve for a utility level of 24. Draw one for a utility level of 48. Are the indifference curves convex? Use graph paper - make sure everything is to scale.
How does MRS and the ratio of the prices relate to MB and MC? Based on this relationship, explain why the MRS between two goods must equal the ratio of the prices for the consumer to achieve maximu
Suppose the price of posters increases to $4. Calculate the new utility-maximizing point. What happens to the individual demand curve for posters?
Skills such as welding and computer repair by graduates who make the same claims about inability to qualify for jobs that use the skills they learned in them. Why the difference?
Draw a budget constraint showing the combinations of number of reading by recent MBAs and by lawyers with hot tubs that he can obtain if he spends his entire advertising budget.
Explain what is meant by marginal revenue. Choose a business and discuss the marginal revenue of that business.
Will the entrepreneur buy the new office? Will the entrepreneur change your current consumption once he changes jobs?
You believe this figure is too large and decide to conduct you won test. IN a random sample of 60 men, you find that the mean is?
How do economists distinguish between the absolute and relative sizes of the public debt? Why is the distinction important? Distinguish between refinancing the debt and retiring the debt. How does a