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At what price/output combination is total revenue maximized? Why? When will short-run revenue maximization lead to long-run profit maximization?
Analyze the soda tax and identify the welfare outcomes. In particular, discuss the change in welfare for each group along with the deadweight loss.
What is the difference between political and economic social justice? Can the two be separated? Why or why not?
How does shipping equipment manipulate Krispy Kreme's financial statements? Do you think the CEO receiving perks from Krispy Kreme is unethical?
How much money can he withdraw every 6 months, if he makes his first withdrawal 15 years from now and he wants to make a total of 10 withdrawals?
Free Trade or Protectionism - which is the right path for the US and why? Make sure you use economic data in your defense of your position.
How does our financial system promote economic growth? How does our financial system differ from those countries that do not have economic growth?
Compute and plot short -run average and marginal cost functions. Find the capital demand K and labor demand L of the firm in the long-run.
If a coefficient is greater in the TSLS IV model than the OLS model, with similar standard errors, what conclusions can be made?
Plot the long run average cost curve implied by your diagram and explain the reason for its shape.
Draw the long run average cost curve implied by your diagram and explain the reason for its shape.
Find the minimum probability of success that will convince the firm to make the R&D investment.
What is Sally's average fixed cost of producing a smoothie? Sally's marginal revenue from selling a smoothie? The price of the smoothie?
What would the short run marginal cost, average cost and average variable cost curves look like? Explain.
What is the minimum value for AVC? How much output should the firm produce in the short run? How much profit will the firm earn?
Suppose the market for chewing gum is perfectly competitive, the demand is Q=20-P, and the supply is Q=-4+2P. What is the Consumer, Producer and total surplus?
Suppose the market for chewing gum is perfectly competitive, the demand is Q=20-P, and the Supply is Q=-P+2P. What is the Consumer, Producer, and total Surplus?
Calculate the size of the monopoly deadweight loss. Find the maximum amount of R&D spending the firm is willing to commit given the probabilities of success.
Why is the data you observed provide evidence for downward sloping demand? Why? Calculate price elasticity of demand.
Suppose you are transported 10 years into the future. How do you think the economic landscape of the world would have changed?
you have received an offer to buy the project from another firm: what minimum price would be fair price to ask? Here your required return on investment is 15%.
Take a simultaneous increase in supply and demand curves and discuss what happens to the price and quantity now. Be thorough in your explanations.
Would you opt to pursue related diversification, unrelated diversification, or a combination of both? Explain why.
What do you think about the long run equilibrium solution for a firm in a monopolistically competitive market?
At the current exchange rate of 1 euro per U.S. dollar, what would be the $ profit or loss per bottle for TJ?