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How would you classify the Internet service provided by the companies that contract with the city to provide the blanket wireless network?
Export of goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million. calculate this nations GDP.
Year3 is $100 on Board Game and $400 on DVD. a. Based on the payback period rule, which project should be chosen? b. Based on the NPV, which project should be chosen?
Write the equation for marginal revenue. Using MR, verify that Qrmax derived in part c maximizes total revenue. Calculate the point elasticity of demand at Prmax. Does E have the expected value? Expla
Determine the impact on the economy if the central bank in the U.S. used inflation targeting. Explain your rationale.
Product Y can be sold at a profit if $100 per unit, and product K can be sold at a profit of $25 each. The company has 1,300 units of wood. How should that wood be allocated? Why?
"It is a tragic waste of human and economic resources to spend six years training men and women for jobs that will not be needed" said the AMA President. Do you agree with the AMA? Why or why not?
what do you predict will be the outcome of strategic interaction between these two firms? i.e. what strategy will each firm choose? explain.
Two firms are planning their market strategies. Construct a payoff table. Does either firm have a dominant strategy? Dominated? Is there a stable equilibrium?
Derive the total, average, and marginal revenue schedules from Q=0 to Q=6 by 1's. Explain why your answer to part (a) is an example of marginal analysis and optimizing behavior in general.
Calculate the Disposable Income (DI) at each level of GDP. If the government increases spending by $100, what would be the new equilibrium value of GDP?
A price-taking firm is selling 100 units of a good for the market price. If the marginal cost of the 100th unit is higher than the marginal revenue of that unit.
Design an alternative author-compensation scheme under which the author and the publisher would pick the same price.
Assuming the manufacturer cannot price discriminate but can bundle the products or sell them separate, which of the options below maximizes its revenue?
Write out the equation for Frank's budget line and illustrate it in a diagram with Cp on the horizontal axis and Cf on the vertical axis. What is the relative price of Cp? Identify it on your diagra
Explain why anyone would pay a positive price for a CBOT or NYSE seat and what this price represents. Second, explain why the seat values have changed so much in recent months.
Government expenditure equals $225 billion, investment equals $500 billion, and net exports equals $150 billion. What is national savings?
First, explain why anyone would pay a positive price for a CBOT or NYSE seat and what this price represents. Second, explain why the seat values have changed so much in recent months.
Calculate the four combinations of outputs of corn and rice for these four plans. Plot them as points in this graph. (It does not matter what order you use to plot the points.
Show that Frank would prefer that the government not tax interest income but rather tax his current earnings by $0.25 M.
The wage rate is £5 and the rental rate (cost) of capital is £2. Calculate the lowest cost method of making 4, 8 and 12 units of output. There are two methods of producing each level of
Calculate the price and quality levels that a monopolist would choose, and the corresponding quantity sold. Consumer surplus at any {s, q} combination can be derived as 1/2sq^2.
Sam charged 50 cents for an 8-ounce cup of lemonade, and Alex across the street charged 15 cents for an 8-ounce cup of lemonade. What is most likely to happen?
A facility for a production plant can be purchased for 155,000 with a down payment of 25,000. Consider the following two options. what is the effective interest rate of the combined mortgage.
At what level of output are total profit maximized? What price will be charged? What are total profits at this output level? What model of market pricing has been assumed in this problem? Justify your