Calculates the world prices for the gasoline
An American consumer have come to accept the high gasoline prices, and calculates the world prices for the gasoline to increase even further with high demand from India and China.
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At an output of 20,000 units per year, a firm's variable costs are $80,000 and its average fixed costs are $3. The total costs per year for the firm are:
A firm's current profits are $750,000. These profits are expected to grow the indefinitely at a constant annual rate of 5 percent. Determine the value of the firm: Round your responses to 2 decimal places - in million if the firm's opportunity cos
A representative firm with short-run total cost given by the TC = 50 + 2q + 2q2 operates in a competitive industry where the short-run market demand and supply curves are given by the QD = 1,690 - 40P and QS = -390 + 20P.
To determine the growth in GDP, use the compounding growth function: p0 x (1+ r)t where the p0 is the original value of 100, r is the growth rate (for example, a growth rate of 2.1%
Superstar actors typically get contracts that identify that they get a percentage of "the gross," the total revenues that the movie brings in. Discuss why might actors want contracts structured that way?
Consider the single equation model yi=ziB+ri where the real valued let the B^ denoted the IV estimator of B^ using as an instrument a dummy variable di. Identify a simple expression for the IV estimator in the context.
Assume a monopoly firm produces the software and can sell the 20 items per month at a price of $70 each. In order to increase sales by one item per month, the monopolist must lower the price of its software by the $5 to $65. The marginal revenue o
Suppose you are a Yankees fan, so you place a bet on each game played where you win $100 if the Yankees win the game and you lose $105 if the Yankees lose the game. Find the distribution of your net winnings. Then find the expected net winnings?
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