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Suppose that the exchange rate between the Russian ruble and the U.S. dollar is currently $0.03 to the ruble. The one year forward rate for the ruble is $0.025 dollars to the ruble.
The economy is in a recession. The government enacts a policy to increase spending by $2 billion. The MPS is .2. What would be the full increase in real GDP from the change in government spending as
*Dayan's Doorstops, Inc. (DD) is a monopolist in the doorstop industry. Its cost is C = 100 - 5Q + Q2, and demand is P = 55 - 2Q. a. What price should DD set to maximize profit? What output does
Suppose a monopoly manufacturer sells directly to a monopoly retailer. What are the implications in regard to price, output, and profits as compared to the case where the monopoly manufacture and m
Suppose the cross-price elasticity of demand between goods X and Y is -5. How much would the price of good Y have to change in order to increase the consumption of good X by 50 percent
Suppose in the banking system as a whole, demand deposits are equal to $80,000,000 and reserves are equal to $17,000,000 with a legal reserve ratio of 10%. If the Fed doubles the required ratio
Suppose that the one year U.S. interest rate is 5%. If the one year forward rate against the pound is $1.75 per pound and the spot exchange rate is $1.78 per pound, what must the equivalent British
Suppose that the current spot rate between Japan and the US is 4 yen per dollar, the forward rate is 4.04 yen per dollar, and the expected future spot rate is 4.06 yen per dollar.
The short-run total cost curve of a firm in a hypothetical market is given by: STC=10Q2 + 4Q + 100 with short-run marginal cost given by SMC=20Q+ 4. There are 100 firms in the market. Market demand is
part B says "producing Zlurp creates pollution. Each bottle has an external cost of $1. Taking this additional cost into account, what is the total surplus per person in the allocation described in
The Wilson Company's marketing manager has determined that the price elasticity of demand for its product equals -2.2. According to studies he carried out, the relationship between the amount spent
Calculate the marginal product for each additional worker Each unit of output sells for $10. Calculate the value of the marginal product for each worker. Graph the firm's demand schedule.
A discounted note of face value amount X, due in one half year, is valued today at $4992. Find X using a) Compound interest at an effective annual rate of 8% and b) simple interest at an annual rate
The present value of K payable after 2 years is $960. If the force of interest is cut in half, the present value becomes $1200. What is the present value if the effective annual discount rate is cut
In 2005, the United States ran a current account deficit of $792 billion. Reassuringly, the same table shows that private foreigners invested $1,212 billion to finance this spending. However some ob
Insurance agents receive a commission on the policies they sell. Many states regulate the rates that can be charged for insurance. Would higher or lower rates increase the incomes of agents Explain,
Suppose that there are only three types of fruit sold in the United States. Annual sales are 1 million tons of blueberries, 5 million tons of strawberries, and 10 million tons of bananas.
Asecurity analyst specializing in the stocks of the motion picture industry wishes to examine the relation between the number of movie theater tickets sold in December and the annual level of earnin
Our other product, burritos, has a current price of $1.29 and we sell, on average, 190/day. If we drop the price to $1.19 and then sell 224/day, what can we infer about price elasticity Compare the
Suppose in the banking system as a whole, demand deposits are equal to $80,000,000 and reserves are equal to $17,000,000 with a legal reserve ratio of 10%. by how much will the money-creating potent
A firms in a purely competitive industry is currently producing 1000 units per day at a total cost of $450. If the firm produced 800 units per day, it cost would be $300, and if it produced 500 per
You are un the middle of a one-year rental contract for your factory that requires you to pay $ 500,000 per month, and you have contractual labor obligations of $ 1million per month that you can't g
How does the theory of efficient production apply to manager of government bureaus or department that are not run for profit How about nonprofit club that collect enough dues from their members to c
What is the appropriate balance between private and public (i.e., government) activity. Think of a case where the government has intervened (or it was suggested that government intervene) in a prev
Annual revenue from operations = $290,040 Payments to workers = $160,003 Utilities (electricity, water, disposal) costs = $8,010 Entrepreneur's potential economic profit from the next best entrepreneu