Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
If the company were to build the bridge, what would be its profit-maximizing price? Would that be the efficient level of output? Why or why not?
Explain how changes in i. population growth rate, ii. savings rate, iii. technology growth rate change the stationary state in a Solow growth model.
Lorena's income goes up to $70,000 per year, while movies cost $11.Using the data under D1 and D2, calculate the cross elasticity of Lorena's demand for golf at all three prices.
What would be the production possibility frontiers for Brazil and the United States? How do product and factor prices and wages eventually equalize between the two countries?
The firm places an order for 9,000 units on the first of each month and the order cost is $60. What is the economic order quantity (EOQ)?
Write about how diversification works within a national economy, and illustrate the risks nations or specific regions within nations have when there is minimal diversification.
Microsoft appears to have a monopoly with over 90 percent of the personal computer operating market. Why then would it not be charging a monopoly price? What factors might be diluting its market pow
Would you expect equilibrum quantity to change by about 30% ? show how the answer depends on the shape and location of the supply and demand curves.
uppose the real money supply increase to $2,780. Given your answers to part a, find the new combinations to graph the new LM curve, given that the real money supply now equals $2,780. Label this cur
A technological breakthrough raises a country's total factor productivity A by 10%. Show how this change affect the graphs of both the production function relating output to capital.
Calculate the new price earned by sellers, the price paid by customers, and the equilibrium quantity sold in the market (again with the 60 cent/gallon subsidy)
Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables.
Fed adjusted the reserve requirement to cause the shift, which of the following is a possible new value of the reserve requirement?
Given the data, please construct (a) a multiple linear regression equation and (b) a log-linear (exponential) regression equation for demand by MS Excel.
Assume the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people. Compute the unemployment rate, in percent. Show your work.
The park has brought $4 million in revenues over the last two years. What is the expected total monetary loss under 4% annual interest rate if this park is permanently closed this year?
However, sales in joint facilities are 20% lower than sales in two separate facilities. What do these numbers imply for the decision of when to open a shared facility versus two separate facilities?
what is your break-even price? Suppose that if you get the contract, you can win another project for two more units. Now what is your break-even price for those two units?
To determine whether to raise price , the bank managers experimented with a number of higher prices. What ATM fee should the bank charge?
You are considering a financing option with a bank. If the bank charges 1.9% annual interest rate compounded daily, what would be your monthly payment for the 48-month financing period?
Suppose resources in the economy are distributed so that Amanda has a utility level of 64 units and Britney has utility level of 50 units. Is this distribution of utility (Pareto Optimal) efficient?
Overhead at the water cooler: "I think our company should take advantage of economies of scale by increasing our output, thereby spreading out our overhead costs." Would you agree with this stateme
You may work more hours because of this cost-of-living increase. Is this response predominantly an income effect or a substitution effect?
Do these public goods conform to the law of demand? For which public goods is demand price elastic? What types of goods are these public goods?
Mary's explicit costs of operation totaled $36,000. Mary has a Bachelor of Science degree in mechanical engineering and could be earning $30,000 annually as a mechanical engineer.