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With each provider, what is the cost to your friend of an extra minute on the phone? How much would he end up paying each provider every month?
What is your company's position in this market? Who are its closest competitors? To what extent do your company's decisions about pricing and output affect other firms in the industry?
Write an essay in which you discuss what you think are three or four of the most serious problems facing America as we begin the twenty-first century.
Which economy has the comparative advantage in bacon? In Eggs? If each economy specialized in its comparative advantage, what range of prices would bacon trade at in terms of eggs?
What information would they need to know from consumers and producers in order to find the equilibrium price and quantity of MP3 players?
What does this mean: Value of investment expenditure? The formula (investment expenditure=Sp + Sg) is correct? But Sp + Sg also can be used in National Savings.
If any firm tries to lower the wage rate to $19, it will not be able to hire any janitor. What does this indicate about the supply curve for janitorial services?
If K = 100, δ = .05, then for the capital stock at the end of the year of this economy to remain constant as the beginning of the year, how much investment is needed?
Conduct a hypothesis test that the estimated coefficients are different from zero. Use a two-tailed test and a significance level of 05. Show your work.
In recent years, Carson Company has requested the services listed below from Blazo Financial, a financial conglomerate. Classify each service according to how Blazo benefits from the service.
Anthony estimates that the revenues that he would generate with consulting services would be $120,000 a year. Calculate Anthony his explicit cost for operating his consulting firm for a year.
They were down to .07, a decline of 30%. Explain the fall in the price of a peso using supply and demand curves. In words, explain the equivalent rise in the price of a dollar.
Consider the data in the table below. Farmer Smith rents 15 acres of wheatland and employs variable labor. Calculate the AC when output = 5.
Explain how the market for corn would be affected if ethanol, a corn derivative, was used to fuel cars in the United States.
find an identical output for each firm that maximizes joint profits. Compute the payoff/profit matrix showing the four possible outcomes.
Computed as average annual profitability over the next five years. Does this contract align the incentives of the new vice president with the goals of the owners?
Why do you believe Royalle Vending isn't increasing the price of bottled water as well? What sales data would provide evidence that your hypothesis is likely correct?
Write 1 and a half page letter addressed to both major presidential nominees for the upcoming election in November. Offer them advice about what you think they should be focusing on as they campaign
If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions, what is the largest total surplus that can be achieved?
If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest, how much are households paid for providing entrepreneurial ability?
How does the theory of efficient production apply to managers of government bureaus or departments that are not run for profit?
Explain how the reduction in supply from the reduced fishing waters will either increase or decrease consumer surplus and producer surplus, and show these changes graphically.
Use the data in the preceding problem to answer the following questions. Now suppose that the United States allows no oil imports. What are the equilibrium price and quantity for oil in the United Sta
Graph the consumer's Price consumption curve for prices, PX = 1, PX = 2, and PX = 3. Be sure to label your graph carefully and accurately.
In the first paragraph, discuss the relevant economic theory of your topic. In the second paragraph, you must include outside research to corroborate your thread.