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Find expressions for total, average and marginal costs. Find expressions for total, average and marginal revenue. Find an expression for profit.
What would stores voluntarily limit their ability to price discriminate - are they failing to engage in profit maximizing behaviors? Brieft explain
Calculate B. Lean's arc price elasticity of demand for this product.
Draw a long-run supply curve for housing for each city, and explain any differences between the two supply curves.
If the world price is 13 cents per pound, what areas of the world supply sugar to the world market and the United States?
Draw a supply and demand graph showing the effects of the Allies wolfram-buying program. Your supply curve should be a long-run curve.
Explain how the policies of the government aim to achieve full employment, stable price and economic growth. Support your evaluation with researched evidence.
Who gains and who loses from this change in the price of cloth? Why? Do those changes conform to the changes described for the case with factor substitution?
Given what you know about production technology and production functions, explain this seeming inconsistency.
Using market supply and demand analysis, explain why labor union leaders are strong advocates of raising the minimum wage above the equilibrium wage.
How performance should be evaluated and key ideas on establishing incentive pay and related evaluation frameworks for the organisation.
Explain the role of discounting in your decision whether or not to purchase the extended warranty.
The role of the sustainable leader and whether you agree with Nidumolu's assessment that it is the way to transition to the new economy of the 21st century.
Graph the museum's average-total-cost curve and its marginal-cost curve. What kind of market would describe the museum?
Briefly discuss what effect the $3,000 refinancing cost should have on this couple's investment decision.
Estimate the material cost of a similar fireplace to be built in the year 2008. What assumption did you make?
How should your manage to team address the company's excess labor problem during the upcoming period of slow sales.
What kinds of additional information would you need before you accepted the group's assertion that each of the five projects is indeed wasteful?
Firms care about their after-tax rate of return on investment projects. What happens to the equilibrium real interest rate and the quantity of loanable funds?
It is a consequence of our model of (flexible) exchange rate determination. How can we reconcile this fact with our theory?
What is a target-zone arrangement? What are the benefits and costs of participating in one?
What is a wage-price spiral, and how can a devaluation start one? Is it something undesirable? Explain. How can a wage-price spiral be avoided?
Calculate the inflation-adjusted deficit when the national debt is 30 percent of GDP, the inflation rate is 7 percent per annum, and the total budget deficit is
Explain why the government must be overestimating the revenue it will receive from the resulting inflation tax.
What are the characteristics of a PC firm? Using Hot Dogs, Graph the market and the individual supply, demand and costs for Hot dogs side by side.