Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
In an attempt to increase revenues and profits, a firm is considering a 4 percent increase in price. Would you expect an increase or decrease in total revenues?
What is Stopdecay's average monthly total revenue from the sale of electric toothbrushes before and after the price change determined in part (b)?
What sales are forecast for 2010 under these conditions? If its competitor cuts price of Surefire trimmer to $50, what effect will this have on Mapco's sales?
If sales in 2003 were $60,000 and they grew to $100,000 by 2007 (a four-year period), what was the actual annual compound growth rate?
What would be an explanation for why adjacent countries would have such different estimates of the price elasticity of demand for auto driving?
What conceptual determinant of auto demand price elasticity is most closely associated with the differences in switching cost across the target customers.
Which customer is least likely and second least likely to buy a Taurus for this reason?
What are some of the possible causes of this autocorrelation? What techniques might be used to remove this autocorrelation from the model?
Construct a five-equation econometric model of the state of Indula. There will be a consumption equation, an investment equation and a tax receipt equation.
How can globalization reduce poverty? What does the evidence suggest about globalization and poverty?
What are the major arguments in favor of globalization? What is the WTO? Where is it located, and what does it do?
How could you construct some numerical measures that would allow a crosscountry comparison? What are the major arguments against globalization?
Write a script for two speakers arguing about globalization and its effects. Give each speaker a name and then write a script for a debate between the two.
What would happen to the equilibrium price and quantity of kiwi fruit consumed in the United States?
How would the effects of international trade on the domestic orange market change if the world price of oranges were above the domestic equilibrium price?
Explain the effects of a tariff if the United States were an auto importer with free trade. Then use the graph to illustrate and explain the effects of a quota.
For each of the goals listed in exercise, discuss what the appropriate commercial policy is likely to be (in terms of tariffs, quotas, subsidies, and so on).
Which country has the comparative advantage in beef production? Which country has the comparative advantage in computer production?
What is the growth rate for an economy in which TFP grows at a rate of 3 percent per year, the size of the labor force is unchanged, the capital stock grows.
What is the growth rate for an economy in which TFP is constant, labor grows at a rate of 1 percent per year and capital grows at a rate of 2 percent per year.
What is the growth rate for an economy in which there is no growth of resources but TFP grows at a rate of 1 percent per year?
Total factor productivity is growing at an annual rate of 2 percent, the labor force is growing. What is the annual growth rate of real GDP?
Suppose labor's share of GDP is 70 percent and capital's is 30 percent. What is the growth rate of total factor productivity?
Discuss how Farmers go on strike for six months. Illustrate and explain how a political business cycle is created.
If the government budget deficit equals $220 billion, and the money supply increases by $100 billion, how much must the government borrow?