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What are the payoffs of the finite asset? Is the third asset redundant and why? Is the second asset redundant and why? Is the market complete?
Synthesizing Suppose you were told that you would earn $95,000 in 2020. Why this information would say little about the standard of living you might enjoy.
What is the price paid by the consumer before the tax is imposed, and in the post-tax equilibrium? What is the price received by producers?
Describe the impact of a quota on the quantity demanded and supplied, and discuss why governments enact them.
How will you spend a particular amount on various goods to experience the law of equi marginal utility?
What is the main assumption of Posner's imitation lag theory and how does this assumption help to provide a basis for the theory?
Based on the regression results that you have estimated as part of Problem A, what can we tell the Trade Minister about the impact of the tariff?
Comparing the short-run and long-run results, explain the changes in the price and in the number of firms.
Determine the firm's profit-maximizing level of output. The industry demand curve is q=200-5P. What is the total market demand at the current $16 price?
List four components of total spending.why are imports subtracted when gdp is calculated in the expenditure approach?
Graph these long-run equilibria in the DVD market and calculate the increase in producer surplus between the situations described in part b and part c.
Discuss return to scale and economies of scale; connect return to scale to economies of scale and explain how they are used to make efficient business decision.
Investing in a bee keeping business is deemed to have the following cash flows. Determine when to abandon the project assuming a discount rate of 10%.
Assume that the taxi industry in the town of New City is perfectly competitive. What is the perfectly competitive price of a taxi ride?
Find a competitive firm's supply function. If there are n firms in the industry, what is industry supply?
What are the two approaches for national income calculations? Explain the income and expenditure approaches with a graph.
Calculate the company's total costs, and graph the revenue curve and the total cost curve. Do the curves have the shape you expect?
How to find the class interval when mid values are given to find the Median ?Mid-value : 115 125 135 145 155 165 175 185 195Frequency: 6 25 48 72 116 60 38 22.
Why does the table provide the demand curve? Is the marginal revenue and the demand curve the same curve and because it costs nothing to maintain this airport.
If the marginal cost of collecting garbage were constant at $6 per pound, what would be the optimal level of garbage collection?
What is one of your favorite ads? Is there any nonprice competition in the ad? How is the product being differentiated from similar products?
Why a situation of excess demand will result in an increase in the market price. Why will a situation of excess supply result in a decrease in the market price?
In the theory of consumer choice; explain the difference between an interior optimum and a corner point optimum. What is Walras' Law? What is its significance?
What is the problem for which this technology is the solution? Which people and what institutions might be most seriously harmed by a technological solution?
If so, can you say what would happen to the gains from trade as supply and demand in Vietnam and Japan become more and moreinelastic.