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Discuss the manner in which an analyst would compare the relative profitability of the two potato chip segments. How does SFAS 131 help the analyst?
Why do economists attempting to forecast short run future changes in real GDP and employment look closely at data on business inventories and unfilled orders?
Real GDP grows by 5% per year, the money stock grows by 14% per year, ant the nominal interest rate is 11%. What is the real interest rate?
Interest payments from the government to the domestic private sector = 15 (Assume all interest payments by the government are to domestic households.). Find the following, assuming that government i
The next 5 years will be a short term average price increase of 22.296%. What should Honda and Toyota do to manage this short term average price increase?
where K is the number of large pots used each hour and L is the number of worker hours employed. Pot rental costs $2/hour and worker wages are $8 per hour. Graph the isoquant for which q = 2000 quar
Consider the Cobb-Douglas utility function U = U(X,Y,Z) for the case of three goods X,Y and Z defined byU = (X,Y,Z)=(X^1/3).(Y^1/3).(Z^1/3). What are the marginal utilities and marginal rates of subst
Kristine to pay $0.60 per day lump-sum tax (the daily tax liability is $0.60 regardless of how much Diet Coke Kristine consumes), how will Kristine's consumption pattern and welfare be affected?
How might the plaintiffs' incentive to seek punitive damages be affected by such a scheme, and how might the jury's disposition to award punitive damages be affected?
Under that theory, manufacturers would be held liable for almost every injury resulting from the use of their products. Give an economics analysis of that liability standard for product-related harm
In recent years, how has the U.S. inflation rate compared with rates in other industrial economies? Why should we be careful in comparing inflation rates across countries?
Federal regulations instituted last year, reduced the over-all take from $3.94 billion to $3.92 billion." Calculate the price elasticity of demand for natural gas sold to the US.
If the marginal cost of preservation is $500 per mile, how many miles would be preserved in an efficient allocation? How large is the economic surplus?
Finally, include in your second graph the supply curve that intersects with the demand function at the price that causes the private school market to be in long run equilibrium. What are the LR prof
A Monopolist demand function is P = 30 - 0.75Q and his AC takes the form AC- 30/Q = 9 + 0.3Q. Find the level of output which gives the maximum profit. When government imposes a lump sum tax of 10
How would the natural rate of unemployment change? do you think that it is plausible that legislation would not affect the rate of job finding? why or why not?
The price of soybeans falls to $4 per unit. What is the new relative price? Draw the farmers new budget constraint in terms of S and T. Is the farmer better or worse o than before?
If the economy is competitive so that factors of production are paid the value of their marginal products, what is the share of total income that will go to land?
In order to determine the transfer the government has two consultants who have made the following suggestions: What is the precise dollar amount implied by consultant B?
Suppose the Required Reserve Ratio = .20 and that a new $100 billion of reserves are injected into the system. By how much might the Money Supply expand if banks choose to lend all excess reserves?
Find the cost function C(q), the marginal cost function MC(q), and the average cost function AC(q) for a representative firm. What is the supply curve for a single firm? For the entire market?
Use a Monopoly Model diagram to clearly and accurately show the foreign market that the firm would face if it decided to enter this market. This diagram should be drawn in BLACK.
Suppose firms compete in quantities. How much does each firm sell in a Cournot equilibrium? What is the market price and what are firms' profits?
How much were her monthly payments? If she sold the house for $300,000 after 5 years, how much equity would she have had in the house at the time of its sale?
It found that it was able to expand further in a way that was very efficient, allowing increased specialization of the workers. sketch the shape of the total cost curve for this firm.