Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Calculate the forward discount or premium for the spot and three month forward rates SR=$2.00/ (one pound) and FR = $1.96/one pound.
Marginal cost of Firm 1 is 5 and for firm 2 is 10. What will be the resulting price in the market? What is each firms profit?
One offer would have paid her $120,000 per year and the other would have paid her $130,000 per year. Lashondra's economic profit is equal to:
Assuming migration is unimpeded and costless, which of the following statements is most accurate about the effect of immigration on wages in both the origin and destination nations?
If Mexico already has a current account deficit that it does not want to make worse, discuss whether you would recommend it use monetary or fiscal policy as stabilization policy here.
Discuss how the government intervenes in a market to internalize the cost of a negative externality. Give an example.
Explain how payoff matrices used in Game Theory illustrate mutual interdependence among firms in oligopolies. How can they be used to predict likely outcomes?
A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. According to these numbers, what did the hospital cost approximately?
If the consumer maximizes their utility subject to their budget constraint, how much of Good X and how much of Good Y will the consumer purchase?
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?
Put the amount of Y on the vertical axis, and the amount of X on the horizontal axis. Which of the three assumptions that we made about consumer preferences is violated in this case?
Three years from now, and $5000 five years from now. What is the present worth of the planned expenditures at an interest rate of 10% per year?
The quantity of Chevy trucks demanded increases from $112000 to $144000. What does the cross elasticity of demand between Ford and Chevy trucks equal?
If so, how? What reliance behavior would be considered efficient? What reliance behavior would be considered excessive?
Explain the effect on the market for cigarettes for each of the following events ( your answer should discuss whether and why there is a shift of the demand curve-leftward or rightward shift.
Is this inverse relationship consistent with supply theory? Explain why an inverse relationship is or is not predicted by supply theory.
Solve algebraically for both the equilibrium price and equilibrium quantity in this market. Show all steps in your derivations.
Under what circumstances would Gore be better off giving Bush a head start on putting together his presidential ticket? What kind of strategic situation is this?
In 2008 it had a population of 2,500 and real GDP of 14,640,000. What was the growth rate of real GDP per person in Freedonia between 2007 and 2008?
The graph also shows that the minimum price at which a few of the producers are willing to sell is $0.06 per pound. In the absence of a price floor, how much consumer surplus is created?
Find a newspaper or magazine article that highlights wages, productivity, and other resources in a particular market situation. Write a 1-page paper on the interaction of these variables.
Suppose there are two consumers, A and B.Suppose the price of Y, PY = 1. Calculate the price of X, PX that will lead to a competitive equilibrium.
Provide your thoughts on how U.S. jobs can be eliminated or increased by comparing and contrasting these viewpoints. Be sure to support your responses with current creditable resources.
What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.