Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Among different market structures, which one do you believe provides the highest possible return for a new company and why?
Include an example of a business that has suffered from poorly estimating the demand of its products. Evaluate how or why the business made such a mistake.
Small mistakes are the stepping stones to large failures. How might this saying apply to this lesson, and do you agree? In the response, provide an example of a seemingly small mistake with large c
What would be the necessary criteria needed to test a TSLS model regression? Are the assumptions the same as under a simple Linear regression? What does TSLS imply about the data if a strong F is f
Valorem tariff of 100 percent on its imports of commodity X from Nations B and C, will Nation A produce commodity X domestically or import it from Nation B or Nation C?
What would happen if all countries in the world simultaneously tried to improve employment and the balance of payments by imposing tariffs?
The ingredients in the sunscreen are cancer causing, you decide to no longer use the sunscreen. Which aspect of the economic perspective has changed for you?
Omar has a budget that he can spend only on doughnuts, coffee, or both. How big would that budget have to be before he would spend a dollar buying a first cup of coffee?
Use calculus to show that the production function exhibits diminishing returns to labor. interpret your answer. Now show that if the same production function also has diminishing returns to capital.
Find the derivatives of each of the following functions, and their points of maximization or minimization if possible. TC = 1500 - 100 Q + 2Q2.
Perform a statistical analysis of its short-run production costs to estimate its total variable cost function, average variable cost function, and marginal cost function.
What is the present value of the second alternative? Which of the two alternatives should be chosen and why? How would your decision change if the opportunity interest rate was 12%? Please, show all
Is the expected value you found a value you could actually draw? Does it have to be? Draw the probability distribution of the cards.
Draw the indifference curve that yields a utility level of 9. Calculate the MUL, MUS, and MRS of L for S on that indifference curve when S=3.
In Amsterdam, one can buy a U.S. dollar for 0.8200. In New York, one can buy a euro for $1.22. What is the foreign exchange rate between the dollar and the euro?
If the labor productivity at the plant is 0.25 hot water heaters per labor hour, how many laborers are employed at the plant?
Corporate profitaility declined by 20% from 2008 to 2009. what performance % would you use to trigger executive bonuses for that year? Why? What issues would arise with hiring and retaining the bes
Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon. Compute the price elasticity of demand for paint and show your calculations.
Put the quantity of Good X on the horizontal axis, and the quantity of Good Y on the vertical axis. Be sure to label your graph carefully and accurately. What is the slope of the budget constraint?
A 14-year-old junior high student. How are these three classified in the Bureau of Labor Statistics monthly unemployment survey?
If insurance covers 70 percent of the cost of the surgery, by what percentage would you expect the quantity demanded of hip replacements to increase? Calculate the percentage changes using the midpo
The firm has started marketing its new product at a price of $25.00 per unit; however, the average variable cost of the product is $30.00. Should this firm shut down? Why or why not?
How many automobiles do you expect U.S. automakers to sell next year? (b) By how much should domestic auto-makers increase the price of automobiles if they wish to increase sales by 5 percent next y
Suppose that price 1 increases to p1' = 3. Determine the substitution effect, income effect and total effect. Draw the graph and explain what type of good is.
Identify the fixed and variable inputs. Over what range of input usage do negative marginal returns exist? What is the variable cost of producing 475 units of output?