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If he is an expected utility maximizer who tries to maximize the expected value of lnW, where lnW is the natural log of his wealth, how many coupons would it be rational for him to buy?
Ymir doesn't believe in banks and will neither lend money nor borrow money. Draw Ymir's budget line for current and future consumption, labeling key points on it.
The amount of capital and L is the amount of labor. How many workers you would need to use in order to minimize the cost of producing 100 burritos when the capital is, K, is 20.
To continue operating, the college must receive payments equal to its total costs (that is, total fixed costs + total variable costs). What are the total costs in millions of dollars if the school s
How much rice the government will have to purchase to support price at that level and what the cost to the government will be?
Draw supply and demand curves. Show the impact of an increase in demand. What happens to the price and quantity exchanged in the market?
If the ratio of relative prices is (Px/Py) = 6/3 = 2, and Igor's income is $90 per period, what combination of pounds of coffee and dozens of doughnuts will he choose?
What effective price increase is facing Japan Airlines for the purchase of a Boeing 747? Would Boeing's margin likely rise or fall if the yen then depreciated and competitor prices were unchanged? W
The structure of the market and led to significant fluctuations in price and output (cf Exhibits 1 and 2). But why have oil prices been so much more volatile than prices of most other goods?
Then, based on your calculations, make a recommendation as to the preferred course of action. Ensure that you calculate the output and outcome of each additional health professional.
Speculate about the implications for the goals of the firm as to whether to maximize the industry's profits or to create more value for the shareholders.
Write an equation for predicting sales based on the assumption that the percentage change in sales is twice as large as the percentage change in income and advertising;
But so many jobs were lost in the boat-building industry that the measure was finally repealed. What did Congress get wrong in imposing this tax? Briefly discuss.
Calculate the price elasticity of supply for each of the following combinations of price and quantity supplied. In each case, determine whether supply is elastic.
In addition, determine what would happen to total revenue if a firm raised its price in each elasticity range identified. Brielfy discuss.
Is there anything that can point us towards an equitable solution to this problem while still protecting the environment we all share? What is that solution?"
He plans on holding the bond for one year. If he wants to earn a (% rate of return on this investment,what orice must he sell the bond for? Is this realistic?
Technology and costs in production of a good are such that the average cost function is U-shaped. In a diagram, show the range of output where the lowest costs are achieved by having 2 firms rather
Analyze the incidence of this sales tax for three different scenarios: The demand for medical services is completely inelastic while the supply curve is positively sloped to the right;
In light of these findings, explain the budgetary challenges state governments would face if the economy were to go into a recession and the unemployment rate were to increase.
Which repair shop is likely to provide costly needless repairs to your car, and why? Which one may underprovide quality? In your answers, discuss the concepts of prospective and retrospective paymen
If GDP is increasing by 3% per year how long will it take GDP to double? Given the same conditions above, how long will it take Per Capita GDP to double if the population grows at 2%?
In what way is Per Capita GDP a better measure of economic well being than GDP? How does this relate to economic problems in the undeveloped world?
Beef is a normal good. You observe that both the equilibrium price and quantity of beef have fallen over time. Which of the following explanations would be most consistent with this observation?