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Essential for college students but they are considering halting production due to the lack of profits. The lawmakers agree and now set a price floor at $150. What would happen in this market?
What is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output Q1 level is being produced?
Explain the effect of having the two-tiered interest rate structure (where students from low-income families pay less) in terms of the screening/signaling model. No graph required.
If the firm's inter¬est rate is 12%, should treated or untreated ties be purchased initially, and what is the best plan for a replacement pattern?
Which formula did you used in converting the prices to dollars at the beginning of your solutions? Why did you change the prices from dollars to cents and the end?
Explain "trade creation" and "trade diversion. Why and how is this relevant to Mexico or Canada to assess the North American Free Trade Agreement, NAFTA)?
Compute the interest rate on current Treasury securities with maturities of one year, two years, three years, four years and five years, and plot the yield curve.
Find real GDP per capita for the United States and Japan from 1900 to 2010. Divide Japan's GDP per capita by the US GDP per capital and plot the result it in Excel.
Thermos production, with thermos carafes on the x-axis (as one input) and thermos lids on the y-axis (as the second input). Assume capital is held constant.
Which President has the higher Real Income? Is the U.S. President's (any of the Presidents) Salary too High or Low and how would to determine the answer to that question?
The demand function for an oligopolistic market is given by the equation, Q=180-4P. Derive the demand equation for the dominant oligopolist.
Explain what you would do and why. Make clear your assumptions, for example, about life expectancy, inflation, interest rates, and risk and your rate of discount.
If the market price of the product is $336, how much output should the firm produce in order to maximize profit? How much profit will this firm make?
Suppose firms' technology improves. How does this affect the marginal product for labour and the equilibrium real wage in the labour market (for a given upward sloping labour supply curve)?
Which of the following does the U.S. president appoint and the U.S. senate confirm? members of the Board of Governors and regional Federal Bank Presidents.
Describe the basic procedures involved in using risk-adjusted-discount rates (RADR's). How is this approach related to capital asset pricing model (CAPM)? How do risk classes enhance the use of RAD
Does the consumer pick a different bundle after these changes? If the bundle is different, how is it different? (It may help you to graph this problem out carefully, but it is not required for the a
Graph an example of rationing making a consumer better off, comparing the bundle they pick with rationing to the bundle they pick without rationing.
Ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. Ellie's annual implicit costs will equal?
Explain (don't just mention) what happens to the federal funds rate, the borrowed monetary base (i.e. discount loans) and the non-borrowed monetary base.
What is total profit? What information would you need in order to know whether the monopoly firm will shut down or continue producing in the short run?
Does our discussion of money's usefulness as a medium of exchange and unit of account suggest reasons why some currencies become vehicle currencies for foreign exchange transactions?
The largest economy capture most of any gain arising from the exchange due to the disparity of economic power between the two nations. Do you agree or disagree? Why or why not?
When the Fed auctions and loans reserves using the term auction facility, what determines the interest rate that will be charged for those reserves?
Suppose the government introduces a 10% income tax as a flat tax. How much more or less will Bob choose to work in response? What is the value of tax revenues collected?