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What was the marginal cost of the project, starting at the time that you learned that a competing product would reduce your company's expected sales? What about the marginal gain?
Explain carefully in terms of production theory why it might be that no amount of "cracking down" can increase worker productivity at CF&D.
A competitive, profit-maximizing firm operates at a point where its short-run average cost curve is upward sloping. What does this imply about the firm's economic profits? Briefly explain.
Explain the concept of the multiplier, and explain the role of the marginal propensity to consume in determining the size of the multiplier.
Consumers often identify brand names with quality. Do you think branded products usually are of higher quality than generic products and therefore justify their higher prices?
How much additional income would Bruce need to be able to afford his original consumption bundle when the price of apple juice doubles?
Find Sam's optimal consumption bundle of orange juice and apple juice each week. Suppose the price of apple juice rises to $2/cup, while the price of orange juice remains constant.
Would elasticity of demand be important to you in determining those products on which excises should be levied? Explain.
Markets were based on the competitive model we have presented in this chapter. Do you think the Internet has helped create more competitive markets or less? Why?
Demand from abroad (say, a decrease in tourism) that lowers net exports. Show the effect of this 'demand shock' on the level of GDP and the exchange rate and the interest rate.
"What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits?
Evaluate the statistical significance of the equation as a whole and of each of its coefficients. Calculate a point estimate of JTF's average sales and a 95% interval estimate of sales based on these
Suppose the market price of sugar is 22 cents per pound. If a sugar farmer produces 100,000 pounds, the marginal cost of sugar is 30 cents per pound. Is the farmer maximizing profit?
The plan, claiming that such a move would dilute the value of the outstanding shares. As CEO, how would you defend the stock option plan to the shareholders?"
5 years inflation=5%, the target rate of unemployment, 5% is also the actual rate.(i) demonstrate the economy's likely position on the short-run Philips curve.
Suppose that your college charges you separately for tuition and for room and board. What is an explicit opportunity cost of attending college?
A Chinese retailer offers to purchase running shoes for $55 per pair and tennis shoes for $55 per pair for distribution in China. Should the shoe company sell any shoes to the Chinese retailer?
What is Overnighte's competitive benefit in an industry dominated by companies such as Federal Express? Is it a wise decision to limit the company's area of operations to California? Why, or why no
Why are some persons with graduate degrees earning less than computer scientists who only have undergraduate degrees?
It has the chance to build a 90-megawatt coal-fired plant that could easily supply all of its energy uses even at peak daytime demand. Should it necessarily proceed?
Create three Main Topic and post at least a short paragraph of each topic about a current economic event, including source (such as newspaper, magazine, or TV).
Different security that also costs $3,000 today but pays off $3,300 with certainty in one year. How is an investor's choice of which security to purchase related to his degree of risk aversion?
The opportunity cost of her labor. She can sell 300 glasses for $0.50 each. What are Wanda's total economic costs per glass?
Explain the most important information you would require on which to base sound economic judgments and why, then assess the various forms of organizing.
Knowing that the price of the second input is $2.00, what should the firm do to optimize production (assume that the MPP's are independent for the sake of this discussion). Why?