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What kind of returns to scale has this production function? Solve the cost minimization problem when w = 1 and r = 3. What if now w = 3 and r = 1? Solve it.
Why does the article mention the G20 and not the G7? What are the main topics on the current agenda of the G20?
Graphically illustrate the income and substitution effect from a fall in the price of beverage (ceteris paribus) when beverage is a normal good. Label clearly.
Graphically illustrate the minimum wage. Note the deadweight (welfare loss) loss and the loss or redistribution from job search.
Graphically illustrate a per unit tax imposed on the seller of a product. Identify the welfare loss and the portion of the tax paid by the buyer and the seller.
After indicating in December that further increases in the federal fund. Why has the Fed decided not to raise interest rates at two of its last three meetings?
Discuss the impact of floating exchange rates on the profitability of foreign operations by US companies.
The cost of transportation is exist2,000, visas cost exist100, and living expenses are exist1, 300. What is opportunity cost of your plan to travel in Europe?
You live with your family, which covers your living expenses of exist2,000. What is your opportunity cost of going to school this summer?
What price will the firm charge, what will be its optimal output level, and what is the firms total economic profit/loss?
Why did the price fall and quantity rise. Suppose you are told that last year the price of peanuts fell and the quality sold increased.
The price of Californian apples decreases. Describe one realistic demand factor and one realistic supply factor that could cause this. Give real life examples.
What present amount of money is equivalent to $8,250 two years from now, if it is invested at 4.0% compounded biannually?
Plot the relationship between leisure and GPA on a graph. Determine whether Michelle would choose the amount of leisure that maxi-mizes her GPA. Comment.
Under what circumstances is it necessary and desirable to monetize invaluable environmental amenities. How might this further environmental conservation effort.
How can behavioral economics be used for YOU as a student? How would you apply and use behavioral economics if you were a small business owner?
If the unbiased expectations theory is correct, what should the current rate be on two-year Treasury securities?
What is Ireland's opportunity cost of producing one hand-made wool sweater? What is Ireland's opportunity cost of producing one barrel of beer?
Analyze some of the recent political/ economic battles over the government budget currently and in recent years
OMG Inc. has 4 million shares of common stock outstanding, 3 million shares of preferred. What weight should you use for debt in the computation of OMG's WACC?
If her goal is to maximize the amount of money she can make each week, how many hours will she work at the bookstore? hour(s).
Draw two pictures to explain why a firm in monopolistic competition will operate at excess capacity but a perfectly competitive firm does not.
The graph gives a? long-run aggregate supply curve and a? Draw a new curve that shows the effect of a rise in the money wage rate.
Discuss what is the minimum annual interest rate on the educational saving account so that the parents can achieve their objective?