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What will be his accounting costs, implicit costs, opportunity costs, accounting profits and economic profits during the first year of operation?
What is the most important reason? What is considered the most important disadvantage to this point of view? is there a possibility of any bad consequence?
Suppose that a firm selling a revolutionary hair regrowth ointment. Based on this information, what would be this firm's profit-maximizing price and quantity?
As a result Alex sees his salary cut by 12%. Assuming that yoga is a normal good shift Alex's demand curve for yoga to illustrate the effects of the salary cut.
Compute the monopoly price and deadweight loss (DWL). Do the same exercise, if the cost function is given by C(Q) =cQ+(k/2)Q2,where c >0 and k=0.
How many movie tickets will domestic students buy (q1)? How many movie tickets will international students buy (q2)?
Discuss those areas of disagreement, and explain which economist's argument had more merit in each case.
What is likely to happen to the quantity supplied of a particular cut of meat when its price rises?
In order to increase the meaningfulness of work for the employees you manage. Which of these will likely increase the meaningfulness of work?
What did you learn from this journal? Explain in detail - Truss, C., Gratton, L., Hope-Hailey, V., McGovern, P., & Stiles, P. (Jan 1997).
What is the equilibrium price and quantity if tax T = 0, i.e. there is no tax? What can you say about the change in equilibrium after a tax T is levied?
If the market price of water is $3, how many bottles will Bert buy? What is the consumer surplus on all the bottles Bert buys?
What is price-wage rigidity? Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets? Why? Why not?
Remember one further, crucial question: how does the condition of the world economy depend on the position of the U.S.?
What type of unemployment is threatening the economic recovery? List the three reasons given for the problem.
What is the equilibrium aggregate demand (AD) in this economy as a function of the price level?
In what way does this estimate illustrate economic way of thinking? Would the Department's estimate be example of microeconomic or of macroeconomic analysis?
Explain how your articles are consistent with your own findings. You need to relate the articles to any of the concepts discussed during the previous weeks.
Construct (draw) an extensive-form game diagram for this sequential game. What is the Nash equilibrium in this game? Explain how you arrived at your answer.
How can low prices of housing slow the economy's recovery? What is relationship between current housing prices, interest rates and overall economic conditions?
Calculate Dagwood's optimal consumption bundle showing work. Then draw a completely labeled graph depicting this initial optimal consumption bundle as point C*A
It is known that the mean number of occurrences in ten minutes is 5.2. What is the probability that there are 8 occurrences in ten minutes?
Of the next ten automobiles entering the inspection station, what is the probability that exactly two will not pass inspection?
What was the price of the item in the year you selected? What is the price of the same item today? How much has the price inflated?
Explain the effect of Fiscal and Monetary policies on the economy. Discuss the drawbacks of not using any policies to help the economy.