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A 10% increase in used texts for next year, Guojun's father offers him $80 extra. Is Guojun better off, the same, or worse off after the price change? Why?
Assume that the current production batch size is 100 units for all three steps. The demand is 10 units per hour. Which of the following statements are true for the current setting?
Research suggests medical errors have been linked to inadequate staffing (i.e., quantity and quality of skilled personnel). What steps would you take to mitigate shortages?
Suppose that a firm has "pricing power" and can segregate its market into two distant groups based on differences in elasticities of demand. The firm might charge?
Will each of the following increase, decrease, or have no effect on the natural rate of unemployment? Explain your answers. (Hint: I'm asking about the natural rate of unemployment, not the unemploy
Relative to Tom, does Dick require more bananas, less bananas, or the same number of bananas to give away an apple? Why?
An economics course in college tells you that there may be a way to increase your total revenue. given the demand curves. What is your current total revenue for both groups.
The main producer for fuel in the world, it causes fuel supply disruptions in the world. Discuss the market equilibrium for fuel and car after the war.
Evaluate how the following situations will affect the demand curve for iPods. Believing that it has significant control of the market for portable digital music players.
What quantity of widgets (Q) will be produced per day? Which party will pay the other? What is the range of possible payments (i.e., the minimum and the maximum that would be paid)?
Find the output you should produce in order to maximize your expected profits so that you can then determine your expected profits accurately.
What is the breakeven point in number of pumps per month? What percentage reduction will occur in the breakeven point if fixed costs were reduced by 18% and unit variable costs by 6%?
Forecast Savings-Mart's sales for each of the quarters in 2010. Which variables of the model are statistically significant? Use t-test for α=.05.
calculate the revenus generated by the tax. calculate the loss in producer surplus. what percentage of the burden of the tax falls on producers?
Marginal-utility-to-price ratio for Superman action figures is 47. Explain why Michael is not maximizing his utility and how can he change his behavior to increase his utility?
Laura's twin brother ,laurence ,buys an upgrade of the same software in 2006 for $50 what problem in the construction of the CPI dose this situation best represent.
Next 15 years and will be worth $28,000 at the end of that time. How much is this investment worth to you today at 5.25 percent discount rate?
the standard model has features similar to the energy efficient model but provides no future savings in electricity costs. it sells for $690. Assuming that your opportionity cost funds (interest rate
what factors might contribute to a low or high growth rate in a country? why do some poor countries experience higher growth rates than others when all face the same challenges?
Draw a supply/demand diagram showing the changes in the market for live rock concerts over the period 1998 and 2008 that is consistent with the facts given above about ticket prices.
What price do you expect to prevail if the new screening methods are adopted? How many units of blood will be used in the United States?
Calculate the price elasticity of demand Ep. at this point on the demand for X, is demand elastic, inelastic or unitary elastic? How would increasing the price of X affect total revenue?
What fraction of this specific tariff is reflected in the price change in United States and what fraction is reflected in the price change in Japan?
The telephone company must maintain the current number of pay phones. In light of this additional restriction, what will be the likely impact of the price ceiling?
You bought two new CDs with the last $30 in your checking account, and your next payday is on Monday. What is the opportunity cost of these CDs?