Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Draw a supply/demand diagram showing the CHANGES in the market for live rock concerts over the period 1998 and 2008 that is consistent with the facts given above.
Bond B requires the investor to forge $4 a year. If the interest rates are 8%, what is the present value of this forgone interest?
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)?
Derive the optimization conditions if the owner-manager wishes to obtain a specific level of utility at the lowest possible cost? Do these conditions differ from the utility-maximizing conditions?
If the company wants to earn a rate of return of 20% per year and recover its investments in 8 years, what must be the net value of the hydrogen produced each year?
Find the flaws in reasoning in the following statements, paying particular attention to the distinction between shifts of and movements along the supply and demand curves.
This organization is planning a meeting with the dean and president of the college. Which of the following best describes the policy the student organization will fight for?
An estimated 80 percent increase in retail price of cigarettes is necessary to cause a 30 percent drop in the number of cigarettes sold. Would Such a price increase help or hurt tobacco industry pro
Then sell the proceeds for delivery forward at F dollars per pound at the end of the period, at which time you payoff your loan: How much should you gain in order to just offset your cost of carry?
A firm has the following revenue and cost functions. Determine the level at which the firm maximizes its total profit (hint: use marginal revenue=marginal cost rule)
Draw a completely labeled graph to help you explain the shutdown decision. You should show two graphs in your answer, one for the market as a whole, and one for this store in particular.
Assume the demand for good X is log-linear, with a constant price elasticity of -½ {i.e., QX = c • (PX)-1/2}. If the quantity demanded is 80 when PX is $4.50, what is the quantity demanded
When the price doubled, consumer expenditures remained at $3 billion annually. What the given data indicates?
How many months will it take to pay off a $525 debt with monthly payment of $15 at the end of each month if the interest rate is %18 compounded monthly.
In a competitive market for an inferior good we have a fall in the price of an intermediate good used in production and a fall in expected future household income.
the probability of occurrence (P(X)). Compute the Expected Value (mean), the Variance and the Standard Deviation for this random variable.
By how much does producer surplus (PS) decrease if the price ceiling is imposed? What is the value of the deadweight loss (DWL) associated with this price ceiling?
Her bank pays 3 percent a year on savings accounts. At the end of the year, Sonya was offered $1,600 for her cash register. Calculate Sonya's explicit costs, implicit costs, and economic profit.
Draw and explain a production possibility frontier for an economy that produces corn and rice, what happens to this frontier if a new fertilizer is developed.
Differentiate between monetary policy instruments and monetary policy tools. Describe the two key tools of monetary policy.
Policy Institute of California survey of registered voters reported Arnold Schwarzenegger in the lead with an estimated 54% of the vote. What was the population for this survey?
What will be the effect of the high fixed costs to the number of firms in the industry? To the firm size? Is marginal cost higher or lower for a firm with high fixed costs?
Suppose the conditions set out in (a) hold. All else equal, what happens if the government imposes a 25% tax on his profits?
Five hours of labor are required to produce 1 unit of iThings, while 4 hours are required to produce 1 unit of widgets. Find the shape (slope) and dimension of Country Z's PPF.