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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?
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?