Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
What general principle or rule can you specify that would tell residents and hospitals when adding an incremental hour of residency training and work during a specific week no longer is a good idea
Contrasting the economic effects between the two time frames. Determine whether the demand for this product is inelastic or elastic in the short and long term, and explain your reasoning.
Calculate Jack's total variable cost (TVC), marginal cost (MC), and average variable cost (AVC) at these four levels of output.
If full employment requires an income level of 2,000, what (if anything) should the government do? Indicate both the direction of the spending change and the size of spending change?
Say the minimum wage was increased by $5/hr. Show in the diagram the result of this change, by changing the Isocost-Isoquant diagram you used for part (a). Show the new combinations of Labor and Cap
Show the consequences of the policy in this situation on a new graph, again nothing changes in the equilibrium interest rate and level of saving and investment. Again evaluate the effects on long-ru
What are the marginal rates of substitution for each person at their endowment point? What is the formula for the contract curve? Draw an Edgeworth box and indicate the contract curve.
Show an optimal combination of capital and labor for a typical cobb-douglas production function using an Isocost-Isoquant diagram.
If the cash flow in year 1 was $320,000 and the increase thereafter was $50,000 per year, what interest rate was used in the calculation?
Suppose in the current presidential election, one candidate argues: "The government is extremely inefficient. To fix this, government spending should be substantially reduced." Evaluate this statem
$2,000 per year for years 21-45, given a 6.58% discount rate. Your company wants to purchase the proceeds from the lottery from Jim. What is the most that your company can offer?
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 1 percent?
Monthly revenues need to be at least $15 million to cover its monthly costs. If News Corp. set its monthly subscription price for satellite Internet service at $55, how much revenue would it earn?
The price of per pizza is $10 and the price per burrito is $5. In equilibrium, Lisa consumes 4 pizzas. Using Lisa's utility function, calculate how many burritos she consumes.
Predict the effect of higher wood prices on the equilibrium price of new housing. Illustrate your answer with a graph that shows the initial point (a) and the new equilibrium (b).
If the elasticity of Canada's exports in relation to the real exchange rate is very low, will this rise in the world interest rate have a large or small effect on Canada's real exchange rate?
Combine the first order conditions for E and L and derive an expression showing that land density, E/L, as a function of v(x) and w. Interpret this expression.
Calculate autonomous expenditure. Hint: Since these are all linear functions and because the spreadsheet does not list GDP (Y) of zero, you must extrapolate to calculate the value of consumption exp
Ignoring the many other problems that face the businesses of Zimbabwe, and considering on the effects of this unexpected inflation, which of the following is most harmed?
What is the equation of her budget constraint? How much does the consumer decide to consume in each of the two time periods?
If current management follows the former owner's goal, what sales output and price should it set? What strategy would you recommend for management?
From the regression estimates below, the expected effect of being in department_3 relative to department_2, holding all else constant, equals.
Yariv, having decided to give up driving altogether, sells the car to Marie, his sister, for $20,000. What are the tax consequences for Yariv and GreenCar? Make sure to include statutory or case autho
As long as resources are fully employed and every firm in the economy is producing its output using the best available technology, the result will be efficient." Do you agree or disagree with the st
What is the expected risk and return for a portfolio that is equally weighted? What is the expected risk and return for a portfolio that is 70% Google and 30% Vodafone?