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Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts.
They estimate your share of gas, motel, lift tickets, and other expenses to be around $30. Question: What is your total cost for the trip? Consider - and list - both explicit and implicit costs.
Marginal cost (mc) = 135 + 1.2q as the plant manager, should you recommend to the owners that the plant be shut down for a while? justify your answer using at least two analytical techniques and pre
Explain how each of the following variables will be affected by proposed steps that you have identified in the first part of the discussion: money supply, interest rates.
Prepare a proposal recommending monetary policy actions designed to correct problems with spending, employment, and prices. Defend your choices.
Assuming that the marginal cost is zero to provide the rides to those in attendance, what is the pay-per-ride price (consider only the data given) that will maximize profits? What would be the profi
Assume you have a 1-year investment horizon and are trying to choose among three bonds. If all three bonds are now priced to yield 6% to maturity, what are their prices?
That is, first firm 1 sets its price, then firm 2 sets it price. Identify any subgame perfect Nash equilibria to this game. Explain your reasoning.
Now suppose that disposable income decreases to $100,000 next year, and then remains at $100,000 in all future years. What is permanent income in next year (YP(2012)) and consumption next year (C201
compare and contrast the Nielsen rating or a given episode on a TV series with the comments posted about the same show on TWOP.
Calculate the range of marginal revenues on the vertical portion of the MR curves at the level of output where a kink in demand curves takes place.
Determine if it makes any difference whether a nation's currency depreciates when the economy is operating at less than full capacity versus full capacity. Explain your rationale.
Interest 15% and the firm is expected to grow at an annual rate of 7% (assume growth rate is constant) If the current profits of the firm are $150 million.Why is it important to discount future prof
Given our current economic situation, determine the steps that the Federal Reserve should take to help stabilize our economy.
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output?
There is evidence that homeowners with virtually identical houses tend to ask more if they paid more for the house. What fallacy are they making?
Assuming the demand curve for office visits does not shift, what will happen to the total number of office visits and practice revenues?
Why does a profit-maximizing firm hire workers up to the point where the wage equals the value of marginal product?
Despite this finding, the government mandates that new cars have air bags, rather then taxing their use. Is this policy a contradiction?
What would happen to the future production possibilities curve (PPC) on this graph, if today's production of capital goods exceeds the depreciation of capital?
Labor is a resource that is necessary to produce many goods. "If the price of labor falls," says the economist, "the prices of goods will soon follow." How does this work?
If each test provides a $6 net marginal revenue before labor and capital costs, is expansion advisable? Show all your work and explain your answer well.
The marginal cost of producing it is constant for both firms at $20 per case. Derive each firms best response function. Find the equilibrium price, quantities and profit for each firm.
Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy. Determine which economic indicators the Federal Reserve should analyze so it can better stabilize thi
In the Howard Raiffa article on Decision Analysis, there is an excellent perspective on one man's intellectual journey. Where do we go from here with Operations Research and Management Science?