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Suppose that, instead, the market quantity demanded at a price of $1.33 is only 75,000. How many firms do you expect there to be in this industry?
If the prevailing market price is $17 per unit, how many units will be produced and sold? What are profits per unit? What are total profits?
The world continue to use less desirable measures such as the payback period and the average accounting return (AAR). Why do you think this is the case?
Discuss the most successful achievements of NAFTA for the last 20 years (including what each country benefited?) and the shortcomings of NAFTA for the last 20 years.
build factories in Russia instead of setting trade barriers as it did in 2002 to help relieve its carmakers from the challenges from the imported used cars? Why or why not?
Identify three examples of how asymmetric information (among any combination of individuals, financial institutions, regulators, and other players) led to crises associated with the current economic
Use a diagram to show the effects of conscription on aggregate consumption, the real wage, leisure, and employment and aggregate output.
Suppose the production function of the company is. Develop a production plan from 1 to 10 V. Calculate the average and marginal products.
Short-term production function: Q = 50L + 6L2 - 0.5L3. When does the law of diminishing returns begins to take effect? Calculate the value range of labor during phases 1, 2 and 3.
What real interest rate will be charged to the borrower if people are risk neutral? What can you say about the level of the real interest rate if people instead are risk averse?
Find a numerical equation linking planned aggregate expenditure to output. Find the autonomous expenditure and induced expenditure in this economy.
Indicate the quantity of GDP that will be produced during the period. How will the unemployment rate during the current period compare with the natural rate of unemployment?
Discuss some of the methodological and measurement problems one might encounter in using time-series data to estimate the parameters of this model.
Suppose that output can be sold for $10 per unit. Also assume that the firm can obtain as much of the variable input (L) as it needs at $20 per unit. Determine the marginal revenue product function.
Explain how the scope of monetary policy to lower interest rates becomes limited as the interest elasticity of money demand approaches infinity.
Assuming that the current production rates are maintained at the three assembly plants, which alternative should management select?
annual income would be about $30,000. Bowen can invest any funds that would be derived, if the farm were sold, to earn 10 percent annually. Compute Bowen's accounting profits.
Germany decline and other producer prices remain unchanged, what effect should these factors, by themselves, have on export trade, and why?
The purchase of a Boeing 747? Would Boeing's margin likely rise or fall if the yen then depreciated and competitor prices were unchanged? Why?
What steps could a domestic manufacturer like Cummins Engine Co. of Columbus, Indiana, take in advance to reduce the effect of the exchange rate fluctuation on company profitability?
What effect would a 30 percent reduction in the number of new homes completed have on Mapco's sales (ignore the impact of the price cut of the Surefire trimmer)?
If Frank is maximizing profits, what is the marginal revenue product of the last worker he hired? What is that worker's marginal product?
Calculate and graph the marginal cost of each pie. Show your calculations! Why does the MC curve have the slope (up, down, or flat) that it does?
Graph the demand curve for pecan pie. Does the demand curve have a positive or negative slope? Why? How many pies will Helen sell at $19.13? How many at $29.16?
What is the profit maximizing price and quantity of output for Ajax, assuming it is an unregulated monopoly? What are its profits?