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The U.S. Border Patrol is considering the purchase of a new helicopter for aerial surveillance of the New Mexico-Texas border with Mexico. A similar helicopter was purchased 4 years ago at a cost of
Suppose Always There Wireless serves 100 high-high demand wireless consumers, each of whose monthly demand curve for minutes of wireless service is and 300 low-demand consumers.
Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her
Based on data obtained by department agriculture, the relationship between Cows Total output Of milk & amount of grain It is fed is as Follow: Mount of grain(1200/1800/2400/3000) Amount of milk
A country has a growth rate of 5%, a labor growth rate of 7%, and a net investment growing at 5%. The production function is Cobb-Douglas with CRS and a capital share of 1/3. Determine the growth ra
You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college
Suppose GM reduces all of its existing workers from a 50 hour work week to a 40 hour work week but does not lay anyone off or hire anyone new. How will the unemployment rate change as a result How w
Based on market research, a film production company in Ectenia obtains the following information about the demand and production costs of its new DVD: Find the price and quantity that would maximize
You also have a marginal printing cost of $.25 per paper as well as a marginal delivery cost of $.10 per paper. If sales fall by 20 percent from 1 million papers to 800,000 per month, what happens t
Robinson Plastics makes clear plastic products with injection molding techniques. Their latest invention is a plastic cup with a sharp blade mounted inside to cut prescription pills into small piece
Do you agree or disagree with the statement that: "A monopolist always changes the highest possible price Why can't an individual from a firm raise it's price by reducing output or lower its price t
gives data on X (net profits after tax in U.S. manufacturing industries [$, in millions]) and Y (cash dividend paid quarterly in manufacturing industries [$, in millions]) for years 1974 to 1986.
Consider a bilateral bargaining situation, in which both the seller's cost c and the buyer's valuation v are distributed uniformly on [0, 1]. The buyer and seller play a trading game, in which the ru
Harvey wanted to start his own business so he quit his job at Winona State University where he earned $98,000 a year. He figured his entrepreneurial talent to be worth $15,000 a year.
The consumption function is: C = 200 + 0.75 (Y - T) The investment function is: I = 200 - 25r Government purchases and taxes are both 100 For this economy, graph the IS curve for the r ranging from 0
The following table contains data for a hypothetical open economy. The amount of investment spending is unknown. According to the savings-investment spending identity for an open economy, what is th
a. An epidemic decreases the amount of labor by 10%. b. A domestic campaign has a strong success on increasing the MPS and decreasing the population growth rate.
A study by the centers of disease control (CDC) found that 23.3% of smokers are adults and that roughly 70% of those who do smoke indicate that they want to quit (Associated Press, July 26, 2002).
A company's first year's operations can be summarized as follows: Revenues: $110,000 Expenses (except CCA): $65,000 Its capital asset purchases in the first year totalled $100,000.
What is the approximate after-tax IRR on a two-year project for which the first cost is $12,000, savings are $5000 in the first year and $10,000 in the second year, and taxes are at 40%
What is the relationship between the marginal cost and the average variable and average total costs You may fill in all the appropriate numbers and draw a graph with MC, TVC, AVC, TC, ATC, TFC, and
Given the data below, What is the total revenue, total variable cost,total fixed cost, and profit for each quantity & price What is the elasticity coefficient for each price between $6.50
A monopolistically competitive firm produces a level of output at which price equals $80, marginal revenue equals $40, average total cost equals $100, marginal cost equals $40, and average fixed cos
assume that all other banks hold only the required amount of reserves. if First national decides to reduce its reserves to only the required amount, by how much would the economy's money supply incr