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How has the relative composition of M1 changed since 1965? Do your best to explain why this change has occurred.
The market price and quantity demanded respectively, at what level of output will this firm maximize profit? what is the level of profit per unit of output produced at equilibrium.
If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions, what is the largest total surplus that can be achieved?
To raise money for the down payment, you would have to liquidate stock earning a 15% return. Neglect other concerns, like closing costs, capital gains, and tax consequences of owning.
It produces 150,000 bushels of crop. If it had doubled its land and labor, production would have been 325000 bushels. Does it have constant, decreasing, or increasing returns to scale?
Explain the interaction between Carson Company and Secura. How will Secura serve Carson's needs, and how will Carson serve Secura's needs?
Suppose the present price of good X is $50, PY = $100, M = $25,000, and AX = 1,000 units. Based on this information, the income elasticity of good X is?
Show the total and marginal products and indicate at each level of production whether the production function exhibits increasing, constant, or diminishing marginal productivity.
Monopolistic competition, oligopoly, or monopoly. What characteristics were most important in making your decision about the market structure of the business.
Is the economy of Nurd in equilibrium? What is Nurd's equilibrium level of income? What is likely to happen in the coming months if the government takes no action?
Assume that the price of X is $1.65, the average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
Its ATC curve when K = K1 is given by ATC1 = Q2-4Q+6. The corresponding curve for K = K2 is ATC2 = Q2-8Q+18. What is this firm's LAC curve?
Coupon worth 275 and represent the budget line faced by John in this case. What bundle will John choose when offered the coupon? Compare it with the bundle chosen under the income subsidy.
Find the tax on the consumer's general purchasing power that will collect the same revenue as t = 0.10. Graph the consumer's budget line under this income tax.
Review the diagrams and write a three to five page length paper that:Defines and explains a closed system and provides an example. Defines and explains an open system and provides an example.
Sharon buys a ticket in a small lottery. There is a probability of 0.7 that she will win nothing, of 0.2 that she will win $10, and of 0.1 that she will win $50. What is the expected value of Sharo
How much milk will Sheila buy per week? How would your answer change if the price of coffee rises to $2 per week? Illustrate your answers graphically.
When offered C($1000, p=0.20) and D($1200, p=0.18), she prefers gamble D. Show that these choices are inconsistent with expected utility maximization.
How would fee for service reimbursement affect the number of admissions, the average length of stay, the volume of services per day, and the unit cost of services (cost per service) for a hospital.
Suppose that Max's income level is 10. Derive Max's demand function for x1. Is x2 a substitute of x1 or a complement of it?
Lee has the utility function U(x1,x2) = (x1+1)(x2+4) The price of x2 is $1. Lee spends all his income to buy 6 units of x2 and no x1. What is the minimum level of the price of x1 compatible with the
What is the marginal revenue product of hiring one low-skilled worker to clear woodland for one month? How much revenue per hour does each worker bring in?
Draw the initial market-without scalpers. Take into account that many consumers who would be willing to buy a ticket at the official price of $65 cannot do so because of the limited number of ticket
A firm purchases $400,000 worth of raw materials and pays wages and salaries of $300,000 and dividends of $100,000. If the firm sells its output for $1 million, the firm's value added to GDP is?
The two economies are similar in every respect. Which country will suffer the greatest decline in employment as a result of the decline in exports?