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The airline's project acceptance criteria if the land cost is above $850,000. A developer recently offered US Airways $2.5M for the land. Should US Airways build the training facility at this locati
Suppose that First is a Stackelberg leader. Derive Next's reaction function and then find the Stackelberg equilibrium quantities, the market price, and the profits of the firms. Show all work.
For example, what are some of the things that you could do to increase demand? As it can be presumed that most businesses would want to do.
Suppose that a firm's fixed costs increase. How would that affect its average total cost curve? Its average variable cost curve? Its marginal cost curve?
Is there any relationship between the elasticity of demand for a good (measured at the prevailing price) and the consumer surplus that buyers enjoy? If so, what is that relationship?
Just based on general information you possess, do you think the demand for computers is likely to be elastic or inelastic? How about the demand for new homes? The demand for six-packs of Seven-Up?
Produce more of the things we want from the same (or fewer) resources. What technological improvement created a productivity boom by putting the electric motor to a novel use?
Explain the washington consensus. your discussion should include the following issues: a brief description of the historical context in which the washington consensus arose.
Explain the major risks involved in subcontractor contracts and determine which of the risks involved holds the most risk to the subcontractor. Support your response with evidence or examples. No p
Why should you ever put yourself into a position where your friends decision will carry the day, whether you agree with her or not?
Suppose the U.S. government implements a policy that achieves the savings rate needed to achieve the golden-rule level of capital. Using impulse response graphs.
A body of water can safely recycle, and sell these limited rights to polluters. From an economist's perspective, what would be the advantage of such a market for pollution rights?
What is the effect of government intervention in the cell phone market? Make sure that you use graphs to illustrate your point. Is this a good thing for consumers?
Draw a graph which shows the equilibrium price of cell phones. Explain what the graph is showing. When the new manufacturer introduces the Robo cell phone to the market,
Explain what happens to the price and quantity supplied and how it reflects on a graph if the following occurs: It becomes more expensive to produce cell phones.
Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs: What happens to the supply of cell phones if the market price goes up?
Write down a formula that describes the marginal product of labor in the short run as a function of the amount of labor used.
Explain the importance of credibility when evaluating a firm's potential moves. For example, if firm two is the "responder" in a Stackelberg game, it may threaten to flood the market if firm one (th
Estimate the total annual economic cost of starting a business if you are given the following information about annual costs.
The wage rate for workers is $240 per day and the marginal product and average product of accountant is 3 tax returns per day. What is the average variable cost of preparing a tax return?
The bank is willing to let the business have an intermediate-term loan of $50,000 for five years at an interest rate of 6.5 percent. Calculate the monthly payment and explain whether taking this loa
You are given the following information about the industry demand and supply curves for widgets, What is the equilibrium price of widgets? Qd = 1000 - 10P Qs = 100 + 20P
Explain how the value of marginal cost affects the values of average variable cost and average total cost and what this means for the relationship between the marginal cost curve and the average var
Demonstrate the effect of expansionary monetary policy in the AS/AD model when the economy is:
When cash is deposited in a checkable-deposit account in a commercial bank,: