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If the price of one hot dog is $3 and the price of one soda is $2, is Dave currently maximizing his utility? If not, how should he reallocate his spending in order to increase his utility?
Compare the consumption levels of workers in both countries. What explains the differences between countries?
Suppose the present price of good X is $25, PY = $50, M = $30,000, and AX = 500 units. What is the own-price elasticity of demand for good X?
Is there any range of production characterized by scale economies? Does the production technology exhibit increasing/decreasing/constant returns to scale?
Do you think the newspaper company trusts you not to get more than one paper? No, they understand the Law of Diminishing Marginal Utility.
Calculate the equilibrium price and quantity in the market for chocolate bars. Show and label the ‘shortage' and ‘surplus' in your graph
How many loans can Dodge City Bank expect to make in the next year? Fully evaluate these regression results, including computation of t-statistics, adjusted R2, and the F-statistic.
What is the marginal rate of substitution for consumer A at the initial allocation? Is the initial allocation Pareto Efficient?
The quantity of food consumed and y measures the quantity of gasoline. Show that a consumer with this utility function believes that more is better for each good.
Discuss the relationship between production curves (average product and marginal product) and cost curves (average variable cost, average total cost and marginal cost).
Suppose that only data on claims for unemployment bene ts were published but not on in ation. What would be a reaction of the USD/EUR in that case? Why?
What are some key components to monitor the health of the project, as it relates to earned value? How is earned value management different than straight financial accounting?
Is this affect only demand curve (price and quantity)? So the demand will shift to the right as the price decrease ? And what about the supply curve?
Blotto wins if he successfully defends both passes, and loses otherwise. Blotto's payo is 1 if he wins and 0 if he loses. Characterize the (mixed) Nash equilibria of the game.
Draw the decision tree for this problem without the probability values. Compute the revised probabilities needed to complete the decision, and place these values in the decision tree.
Suppose your elasticity of demand for your parking lot spaces is -2 and the price is $8 per day. If your MC is zero and your capacity is 80% full at 9 a.m. over the last month, are you optimizing?
Do you agree or disagree with the statement that: "A monopolist always charges the highest possible price."? Explain.
Desired investment function=350-400 and same desired savings function. Name four reasons why the desired investment function would change the way it did?
If the price heatimg oil rises from $1.8 to $2.2 per gallon, what is the percentage change to the quantity of heating oil demand in the short run?
How is the transfer price of an intermediate product determined when (a) there is no external market for the intermediate product.
You must make to the film distributor for each ticket sold. What price should you charge for the movie tickets? Should you offer senior citizen discount? If so, how much?
Consider a mutual fund with $720 million in assets at the start of the year and with 10 million shares outstanding. What is the net asset value at the start and end of the year?
Old Economy Traders opened an account to short sell 1,300 shares of Internet Dreams at $46 per share. What is the remaining margin in the account? What is the rate of return on the investment?
What does it imply about the actual price level relative to the expected price level? What most happen to real and nominal wages in order close a contractionary gap?
Determine the equilibrium price and quantity. Suppose a $6 excise tax is imposed on the good. Determine the new equilibrium price and quantity.