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Suppose you had the choice between job that focused on macro political analysis or micro political analysis. Which one would you select and why?
Country x assigns 40% of its labor to vegetables, while country y assigns 20% of its labor to vegetables. In total how many tons of vegetables and chicken do they make?
What price and output do they set? What is the output level that each of the firms agrees to? What profit is earned by each firm and by the three firms together?
Compute marginal revenue (for increments of thousands of cars) related with each demand schedule. Draw two demand and MR curves on graph paper.
Describe why setting up a budget is so important for this new startup division. Describe how you plan to gather budget information.
Write some built-in stabilizers in the economy. Describe connection between multiplier process and inventory adjustments.
What will the monthly payment be (suppose no fees in mortgage)? How much principle will be paid in first 10 years? What will remaining principle be after 20 years of payments?
You should shift either supply or demand curves (or both) and describe why you shifted curve(s) that you shifted.
Assume that Slash and Burn produced at level that perfectly competitive industry would, with marginal cost equal to price. What would be output, price and profit?
South Korea is economically advanced relative to North Korea. Why is Production Possibility Curve typically drawn concave from below (i.e., bulging outward)?
Describe how business risks vary between traditional tax and audit services and management consulting services.
Should he buy farm, and become farmer from accounting viewpoint if his accountant tells him annual profit from farm is likely to be?
Show the profit maximizing quantity for that farmer. Illustrate market equilibrium at $3.50/bushel and 1200 thousand bushels of wheat.
The discount factor ? is 0.5. (a) Set up the worker's problem and find the reservation wage. (b) What occurs to the reservation wage as unemployment benefit increases? Prove it.
If union attempts to maximize employment of its members at Warren, what wage rate and employment level can it expect to attain?
Determine price and output do they set? Find the output level that each of firms agrees to? What profit is earned by each firm and by three firms together?
Net Present Value (NPV) and Benefit Cost Ratio (BCR). Which one of the projects would you select to undertake based on BCR? Explain your answer.
Draw the graph to illustrate and describe why market for take-out food and beverages is inefficient or socially inoptimal.
Show what is going on in the economy after minimum wage goes into effect. How much unemployment results?
Examine the effects of each of the given on national saving, investment, and real interest rate. Describe your reasoning.
Assume that full-employment level of output is 10,000. Graph relationship between desired saving, Sd, and real interest rate r.
Determine the user cost of capital? Find the profit-maximizing number of Frisbee presses for Fred's to purchase for its new factory?
Determine consumer A's optimal lifetime consumption plan, (cA, cfA). How consumer B's optimal lifetime consumption plan, (cB, cfB), compares to consumer A's lifetime consumption plan?
Does this signify that France is better at replying to long-run price changes than other rich countries or does it mean France is worse at replying?
The accompanying table shows how two groups respond to discount. Using midpoint method, compute price elasticity of demand for Group A and Group B.