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Martha has $150 to spend each week and cannot borrow money. What is the opportunity cost of an additional unit of the composite good?
They charge $1/lb for every pound you buy thereafter. If you income is $100/week, draw your budget constraint for the composite good and marigold seeds.
To monitor this process, the chain randomly selects 5 pizzas each night and records their delivery times. Calculate an interval containing 75 percent of all possible sample means.
Calculate the regular expenditure multiplier and the net tax multiplier. How much money should the government spend to eliminate this gap?
Describe what will happen and why to the firm's average fixed costs, marginal costs, average costs, and profits as the firm makes its choices.
a zero unit payoff goes to a cooperator who interacts with a defector, 4) the cost of knowing which is which is 2. Cooperators will all pay the cost of vigilance.
Jordan notices that the restaurant has a value meal containing three tacos and a medium drink all for $2.50. For Jordan, the marginal cost of purchasing the third taco would be?
Explain how to solve the following question When one is considering costs of taking a trip in their car, the average cost per mile includes some items of cost that are not included in the marginal c
Does it then make sense for people with high abilities to go to small firms? Give some reasons why and some reasons why not.
Find the total quantity produced and each firm's profit in equilibrium. Describe what happens to these when Firm 1 changes its technology as above.
The demand for your product has been estimated to be Qdx = 7,880 - 4Px - 2Py + Pz - 0.1M. Graph the demand curve for X given the above information.
The monthly demand for lockers is estimated to be Q = 100 - 2P, where P is the monthly rental price and Q is the number of lockers rented per month. How many lockers would you expect to rent at this
Outpacing the sale of wood-burning fireplaces. Use supply and demand analysis to show why firewood prices are not rising. Discuss possible long-term reactions from firewood suppliers.
Using production theory as a basis, is the CEO correct in his assumption that lazy workers or ineffective supervisors are to blame for the decline in productivity?
The revenue they would earn from their new pump (given the number of firms already in the market) against the cost of buying the pump. How many firms would enter the market?
Determine whether each of the following scenarios best reflects features of Sweezy, Cournot, Stackelberg or Bertrand duopoly.
Explain why an upward sloping aggregate supply curve is thought to weaken the impact of a rightward shift of the aggregate demand curve generated by an increase in government spending in the short r
Assuming independence, use an appropriate formula to compute. The probability that none of the dish owners in the sample subscribes to at least one premium movie channel.
What is the equilibrium price in the corn chip market. How many corn chips will be bought by children and how many by adults? What is the elasticity of demand for corn chips for adults and for childre
Would you be willing to participate in an economy based on barter and trade? What advantages or disadvantages do you think barter or trade might have over the method of exchanging money for goods an
Jeng-Mei Chen, Inc., an upscale Manhattan restaurant, would like to generate a sales forecast based on the assumption that next year sales are a function of current income, advertising, and advertis
Assess the effectiveness of specific taxes and the lum sum taxes in reducing consumption.
Discuss the trade balance between China and the U.S. for the period of 2007 2011. In your discussion, include an analysis of the effect of such trade balance on the economies of China and the U.S