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Why do you think the compensation plans differ at the two firms? In particular, why do you think Kaufmann's pays commissions to salespeople, while Parkleigh does not?
Does investment by private firms get crowded out by this kind of government investment? If not, what kind of spending, if any, does get crowded out?
Use the saving-investment diagram to illustrate this point, explaining why the curve(s) shift. Does it matter whether the temporary increase in military spending is funded by taxes or by borrowing?
The Federal Reserve is expected to increase interest rates, thereby increasing the costs of borrowing for car loans. What is the impact on the market for new cars?
In Mankiw's reinterpretation of the Keynesian cross model an increase in government purchases and taxes by an equal amount increases both income and welfare of consumers.
Write the equation for his marginal condition for maximising utility(equation for income offer curve) and the budget line equation(in terms of P and D).
With an income of $800 per month, how many units of goods x and y will the person consume in a month to maximize utility?
Plus variable costs of $25 for each cord of firewood. Annual demand and marginal revenue relations for a company are: Calculate the company's optimal profit and return-on-sales levels.
With each provider. What is the cost to your friend of an extra minute on the phone? How much would he end up paying each provider every month?
What arguments can be made for charging a lower than the profit-maximizing price? What price from the available prices do you recommend? Explain.
The price of orange juice remains constant. How much additional income would Sam need to afford his original consumption bundle?
Would elasticity of demand be important to you in determining those products on which excises should be levied? Explain.
These forecasts for the Internet creating "perfectly competitive" markets were based on the competitive model. Do you think the Internet has helped create more competitive markets or less? Why?
Statistics Canada reported the following data for July 2004: the Canadian labour force was 19.65 million; Canadian employment was 18.32 million; the Canadian war.
If a severe drought decreased labour productivity in Zambia, explain what will happen to each of the following. potential GDP.
In 2008, India experienced a surge inflation exceeding 11 percent, large government deficits, and rising interest rates. Distinguish between the crowding-out effect and the Ricardo-Barro effect. How a
Explain how each of the following events will influence the demand or supply of coffee, and predict the change in equilibrium price and equilibrium quantity.
Calculate Canada's opportunity cost of one tonne of wheat. If Canada and Chile specialize, how many tones of wheat and how many tonnes of copper ingots will be produced?
Identify each of the following as consumption or investment goods or both. Justify your answers. a tennis racquet, a vacation in a foreign country.
What do these numbers tell you about the price level in these three years? How do alternative price indexes help to avoid the bias in the CPI numbers?
Calculate the numerical elasticity of short-run demand. Is it unitary, elastic, inelastic, etc.? Is the demand for calls more elastic in the short-run or long run?
Will the sales force and warehouse manager maximize profits? If not, give an example of a decision the sales force and/or warehouse manager might make that does not maximize pro ts.
If the population standard deviation is known to be eight hours, can we conclude at the 1% significance level that he is right?
Determine whether the Justice Department would challenge a merger between two firms in an industry with 10 equal-sized firms, based on its 1984 Herfindahl-index guidelines only.
Explain (a) in what way the U.S. trucking industry exemplified the capture theory hypothesis of government regulation prior to the passage of the Motor Carrier Act of 1980.