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Why does the United States have an absolute advantage in both goods? Which country enjoys a comparative advantage in food? Why?
Determine whether each of the following increases, decreases, or remains unchanged in the short run: the market interest rate, the quantity of money demanded, investment spending.
Now suppose that the gross national debt initially is equal to $2.5 trillion and the federal government then runs a deficit of $100 billion: What is the new level of gross national debt? The new gros
How does a firm determine its prices and the quantity of labor required in the resource market during a specific period? How does a firm determine its demand for capital funds during a specific period
Does the increase in the current price increase or decrease the asset's average expected rate of return? At what price would the asset have a zero average expected rate of return?
Discuss the importance of a well-developed compensation plan in attracting and retaining good employees and how to keep those plans from "working too well."
Charisse is of the opinion that the interest rate depends on the economy's saving propensities and investment opportunities. Most economists would say that Charisse's opinion is?
Pharmaceutical spending is about 10 percent of total health care spending in the United States. Why do you suppose the industry is the target of such severe criticism?
Derive the equation for the IS curve, Y = kAp. Graph the IS curve for interest rates between 0 and 8, with intervals of one-half of a percentage point.
The accounting department has provided you with the following information about unit (or average) cost of producing three potential quantities of PCs. Based on the information provided, what is your
Show that injections equal leakages when income (Y) equals $10,000. Is the economy in equilibrium when income (Y) = $10,000? If not, what is the equilibrium level of income for the economy described
the industry supply curve is simply the horizontal sum of the firms' marginal cost curves). At this price, to what output quota q1 would the typical firm have to be limited? How much would it like t
The marginal cost to produce this drink new drink is 3$. What price would this new drink sell for if it sold in a competitive market? what is the monopoly price of this new drink?
You just received a memo from your boss indicating that he is very concerned about the 500 unit fall in the average productivity of your workers. How can you defend yourself?
Compute the value of the marginal propensity to save. Compute the amounts of autonomous planned spending, Ap, when the interest rate equals 0,2,4,and 6.
What are the difficulties in achieving this outcome? Would an unregulated natural monopoly be preferable to a regulated natural monopoly?
The portion that must be returned to the oil company is to be determined through a procces of blinding arbitration. Discuss likely outcomes should this problem arise. No limit of word."
What is a "subprime mortgage"? what is a "deeper pool of capital"? Why would securitization give mortgage borrowers acces to a deeper pool of capital?
Are the effects of an increase in transport costs qualitatively different from the effects of an increase in the fixed cost of becoming an exporter? Explain.
If you price each product separately (i.e., using a standard pricing strategy), what prices should you charge to maximize revenues and what are the revenues?
What impact will this have on the firm's productions levels and profit? Explain what would you advise this firm to do?
Finally, there is a sunk cost of $5,000 for Design A and $9,000 for Design B due to obsolete tooling. Which design should be adopted if 125,000 units are sold each year?
Under what conditions (i.e., for what values of C) does Penn have an incentive to adopt the new technology if Wilson introduces it?
If the monopolist engages in a price war, you will lose $6 and the monopolist will earn $2. Write out the extensive form of the above game. What is the Nash equilibrium (equilibria) for this game? Exp
Clearly and accurately show in your diagram above what effects this would have on Akinback's capital-to-labor ratio and income-per-worker. These effects should be drawn in RED.