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If the full capacity is infinite, how would the owner organize the production, and what is the output level? And the profit?
When there is only monopolist informal moneylender, what are the interest rates for $250 loan (i250) and $200 loan (i200)? When there are only competitive formal creditors, what is the interest rate (
Explain and illustrate how each of these events would affect aggregate demand, aggregate supply, and prices, then explain how you would respond with economic policies.
If P=$25 and I=$1,000 curerrently, then: a. skin care products are a normal good. b. the elasticity of demand is equal to 11. c. skin care products are inferior. d. the price is too high.
Using one or more of the principles of economy-wide interactions covered in the lecture, in not less than 250 words explain how government intervention can help in this situation.
Proxy variables and instrumental variables.what is the difference between a proxy variable and an instrumental variable? when would you use one and when would you use the other
What special challenges will you face when operating in a perfectly competitive market? As a manager, how would your hiring practices differ across these two type of market structures?
Which is founded on the belief in a simple life of working less and spending less. Do Americans who belong to this movement follow the principle of rational choice?
Describe what we mean by greening and thinking green. List several ways that people and businesses are participating in the green movement.
What are the highest and lowest payments from the writer that the bookkeeper farmer team will accept for the 6th day? Assume that the farmer can dispose of $7 from the writer as she wishes.
What is the maximum amount this bank can expand its loans? What will happen to the M1 money supply if it makes the loans in (b) above and those funds are deposited into another bank by the borrowers
Expain the statement, "Fixed costs exist only in the short run. In the long run there are no fixed costs."Why might the time frame for the "short run" differ from one industry to the next?
At what rate does aggregate output, aggregate consumption, aggregate investment, and per- capita income grow in this steady state. Explain.
Devise a hypothetical business situation in which buying a lookback giving the holder the right to buy or sell the underlying at the highest or lowest price it has attained over the life of the optio
You only recieve 6% on funds you have deposited in the bank. Do the opportunity costs of borrowing and using your own funds differ in this example? Why or why not?
short-run marginal cost is constant at $65, average total cost is $95, and average fixed cost is $30. Is this firm making the profit-maximizing decision? If not, what should it do?
If MACROSOFT's managers are risk-neutral, they should abandon the project if the expected revenues from sales of the new software are?
Which would not require dumping the scum in the lake. However, converting the plant would increase yearly costs by $100,000. Is current situation Pareto efficient?
Second, the entrant decides its capacity level (a decision of 0 means that it stays out); third, the firms decide how much to produce. Verify that if f = 9/4 entry is deterred.
Describe each of these tools regarding how they are used by the Federal Reserve to influence the money supply and interest rates.
What is the contribution to profits from increasing advertising sales by $1 if Smith Corp. is currently spending between $500,000 and $600,000 on advertising?
Why does the assumption of independence of risks matter in the examples of insurance? What would happen to premiums if the probabilities of houses burning were positively correlated?
Draw a new graph that shows what changes would occur to your graph in part ‘a' if there was bad weather and the jalapeno pepper crop was severely damaged.
What is the profit maximizing price and quantity of output for Ajax, assuming it is an unregulated monopoly? What are its profits? If fixed costs increase to $1200, what will happen to equilibrium pr