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December 4, 2016

Search: Economics *Micro

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Economics
. A bumper crop of farm products causes: A. only a slight decline in the price of farm products because the demand for farm products is income inelastic. B. a large decline in the price of farm products because the demand for farm products is price inelastic. C. only a slight ...
June 9, 2008 by Glenda

ECON 4346
4-The three fundamental economic questions of what, how, and for whom: a-exist because of scarcity. b-are much more serious in a socialist system. c-are not serious in a capitalistic system. d-are not relevant in the industrialized world of today. 5-When the market price is ...
September 19, 2012 by Randy

economics
why do governments provide certain goods instead of leaving the provision of those goods to the free market? Plenty of reasons. 1) the good could be a public good, like national defense. (look up the characteristics of a public good). 2) it could be a merit good, something ...
May 16, 2007 by stacy

Economics
Upper Slobbovians smoke 10 million cigarettes per year, so do Lower Slobbovians. To discourage smoking, each country imposes an excise tax of 50 cents per pack. As a result, the price of cigarettes rises by 35 cents in upper Slobbovia, but only by 15 cents in lower Slobbovia ...
September 21, 2006 by Cristina

Economics
The assessed value of Patty's residential property was $200,000 in 2004. In 2006, the assessed value increased to $225,000. The property tax rate in both years was 1.2 percent. Patty earned $60,000 each year. Determine Patty’s property taxes for 2004 by calculating 1.2 ...
March 16, 2015 by Kesha

Economics
From reading a paragraph, I gathered following facts. Bills and coins outside the bank: 175 Checkable deposits 418 savings and time deposits 1782 currency inside bank 28 central bank deposit 186. so.. the banks reserve is 186+28=214 monetary base: 186 + 175 = 361 M1: 418 + 175...
November 29, 2006 by Anne

economics
Okay might be a studpid question, but I am asking anyway: the question goes like: A US dollar costs 7.5 Norweigian kr, but at the same dollar can be purchased for 1.25 Swiss francs. What is the Norweigian Kr/Swiss franc exchange? My answer would be: Først to calculate what 1 ...
January 22, 2007 by Ange

economics-to Ms Sue OR ANYONE
I HAVE TO PREPARE A PROJECT ON 'CONSUMER AWARENESS'(CLASS 10TH). SO CAN YOU PLZZZ TELL ME THAT WHAT IS TH NEED OF CONSUMER AWARENESS IN TODAY'S WORLD?& HOW CONSUMERS ARE EXPLOITED? &SOME MORE INFORMATION ABOUT 'CONSUMER AWARENESS'. ALSO PLZZZ GIVE SOME TIPS ON PREPARING A ...
June 11, 2006 by bhavna

Economics
Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film: Film Orson Alfred Woody Ingmar 1st. $7 $5 $3 $2 2nd. 6 4 2 1 3rd. 5 3 1 0 4th. 4 2 0 0 5th. 3 1 0 0...
July 13, 2010 by Anonymous 2

economics
A firm that sells e-books – books in digital form downloadable from the Internet – sells all e-books relating to do-it-yourself topics (home plumbing, gardening, and so on) at the same price. At present, the company can earn a maximum annual profit of $25,000 when it sells...
April 10, 2012 by Anonymous

Biochem
Computers English Foreign Languages Health Home Economics Math Music Physical Education Science Social Studies GRADE LEVELS Preschool Kindergarten Elementary School 1st Grade 2nd Grade 3rd Grade 4th Grade 5th Grade 6th Grade 7th Grade 8th Grade High School 9th Grade 10th ...
November 13, 2014 by Pop

Economics
There are two groups of individuals of equal size, each with a utility function given by U(M) = sq. root(M), where M = 100 is the initial wealth level for every individual. Each member of group 1 faces a loss of 36 with probability 0.5. Each member of group 2 faces the same ...
January 11, 2012 by John

7th grade Literature help
Hi, I need to pick one of the options below, but they are hard. Option One seems like it will take forever because I need to turn this in today and it takes me forever to research things. Option Two seems hard because I don't know what the main character (Tayla) would take ...
November 15, 2012 by Delilah

Economics
ARBOC ARBEZ WHEAT COFFEE WHEAT COFFEE 120 0 120 0 0 30 0 20 8. The terms of trade are 2 units of wheat per unit of coffee, Arboc should produce which good? Arbez should produce which good? 9. The terms of trade are 5 units of wheat per unit of coffee, Arboc should produce ...
February 7, 2011 by Anonymous

Economics
There are three industrial firms in Happy Vally. Initial Cost of Reducing Firm Pollution Level Pollution by 1 unit A 70 units $20 B 80 units $25 C 50 units $10 The government wants to reduce pollution to 120 units, so it gives each firm 40 tradable pollution permits. Basically...
October 25, 2010 by Anonymous

Economics
There are three industrial firms in Happy Vally. Initial Cost of Reducing Firm Pollution Level Pollution by 1 unit A 70 units $20 B 80 units $25 C 50 units $10 The government wants to reduce pollution to 120 units, so it gives each firm 40 tradable pollution permits. Basically...
October 25, 2010 by Anonymous

International Trade-Economics
The demand and supply curves for an import-competing industry in a country are given by: D = 500 – 10P, S = 100 + 10P. Similarly, the respective demand and supply curves of foreign country for this industry are given by D* = 400 – 10P, S* = 200 + 10P. a. What will be the ...
March 22, 2010 by JP

General Economics
• Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes manual labor for production will have low fixed costs and high variable costs. How would you ...
August 22, 2012 by Josh

Economics
The market demand and supply curves for an agricultural product are as follows: Qd = 4,500 - 250P; Qs = 200P where quantities are in thousands of bushels per annum and price is in dollars per bushel. The government wishes to achieve a higher point on the supply curve than the ...
October 11, 2006 by Amanda

Government/Economics Check
Out of 48 questions I struggled with these. Could someone please check? These are multiple choice questions, so if I'm incorrect I can re evaluate my other choices. 1.) A system of social control under which a particular group has the power to make and enforce laws=Democracy 2...
June 18, 2010 by Ariel

economics
i have some questions please help Transportation equipment that was purchased in 2004 for $200,000 must be replaced at the end of 2009. what is the estimated cost of the replacement, based on, the following equipment cost index: Year INDEX YEAR INDEX 2004 223 2007 257 2005 238...
June 3, 2010 by William

Economics-please
Getting back in time, when Nancy wa just about to open her account, and assuming she could choose among credit sources that offered differednt monthly balance determinations, and assunming further that Nancy would increase her outstanding balance over time, whcih credit source...
June 15, 2006 by Manny

economics
Samantha Jones has a job as a pharmacist earning $30,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $40,000 per year or to purchase a pharmacy that generates revenue of $200,000 per year. To purchase the pharmacy, Samantha ...
August 8, 2011 by aaniya gill

Expansion Path Economics
I've been trying to find a solution to this without much success. I am given the following....The production engineers at Impact Industries have derived the expansion path shown in the following figure. The price of labor is $100 per unit. There is a graph showing the ...
July 14, 2007 by Ed

Economics
This problem is based on the specific factors model. Consider the economy of the Shire that produces cereals and swords. Each industry employs Hobbits, but land is specific to the production of cereals, and metal is a specific factor in the sword industry. The amounts of land...
October 3, 2013 by Joy

Economics- please check
Please check to see if my answers are correct. Complete each sentence by choosing the correct answer from the list of terms below. You will not use all of the terms. *normal good *complements *income effect *demand curve *ineleastic *inferior good *law of demand *unitary ...
October 14, 2007 by Anonymous

Home Economics
What are some advertising techniques? http://www.google.com/search?as_q=&hl=en&num=10&btnG=Google+Search&as_epq=advertising+techniques&as_oq=&as_eq=&lr=&as_ft=i&as_filetype=&as_qdr=all&as_nlo=&as_nhi=&as_occt=title&as_dt=i&as_sitesearch=&as_rights=&safe=active
January 5, 2007 by Alyssa

Physics
Home Economics Math Music Physical Education Science Social Studies GRADE LEVELS Preschool Kindergarten Elementary School 1st Grade 2nd Grade 3rd Grade 4th Grade 5th Grade 6th Grade 7th Grade 8th Grade High School 9th Grade 10th Grade 11th Grade 12th Grade College Adult ...
April 17, 2016 by Rameel

Managerial Economics
Suppose Bill is on a low-carbohydrate diet. He can eat only three foods: Rice Krispies, cottage cheese, and popcorn. The marginal utilities for each food are tabulated below. Bill is allowed only 167 grams of carbohydrates daily. Rice Krispies, cottage cheese, and popcorn ...
March 3, 2010 by Nauman

Economics
50. In both monopolistic competition and non-price-discriminating monopoly, isn't the marginal revenue curve lies below the demand curve? 51. A monopolistically competitive firm is producing an output level where marginal revenue is greater than marginal cost. This firm should...
December 5, 2006 by Sammy

managerial economics
The MorTex Company assembles garments entirely by hand even though a textile machine exists that can assemble garments faster than a human can. Workers cost $50 per day, and each additional laborer can produce 200 more units per day (i.e., marginal product is constant and ...
February 8, 2008 by jean

managerial economics
The MorTex Company assembles garments entirely by hand even though a textile machine exists that can assemble garments faster than a human can. Workers cost $50 per day, and each additional laborer can produce 200 more units per day (i.e./ marginal product is constant and ...
February 16, 2008 by jean

Populists
Are the populists liberal, reactionary or radical? Are there any websites that can view the different perspectives on populists during the late 1800's? -thanks The term liberal, reactionary, and radical are not very useful for describing views. example:What is the philosophy ...
January 4, 2007 by Gerald

Math (trigonometry)
MONDAY  December 3, 2012 SCHOOL SUBJECTS Art Business Computers English Foreign Languages Health Home Economics Math Music Physical Education Science Social Studies GRADE LEVELS Preschool Kindergarten Elementary School 1st Grade 2nd Grade 3rd Grade 4th Grade 5th Grade 6th ...
December 3, 2012 by Sammy

economics
give all answers in detail what is consumer awareness Need of consumer awareness Consumer law in india forms of consumer exploitation consumer protections-i)some perspectives ii)case study role of producers in protecting consumers advice to consumers,their duties conclusions ...
June 14, 2006 by anonymous

Economics
2) Earl’s production function is f(x1, x2) = x1^(1/2) * x2^(1/3), where x1 is the number of pounds of lemons he uses and x2 is the number of hours he spends squeezing them. His cost function is c(w1, w2, y) = 2w1^(1/2) * w2^(1/2) * y^(3/2), where w1 is the cost per pound, w2...
November 2, 2009 by Anonymous

Economics
Earl’s production function is f(x1, x2) = x1^(1/2) * x2^(1/3), where x1 is the number of pounds of lemons he uses and x2 is the number of hours he spends squeezing them. His cost function is c(w1, w2, y) = 2w1^(1/2) * w2^(1/2) * y^(3/2), where w1 is the cost per pound, w2 is...
November 3, 2009 by Anonymous

Economics
Production Possibilities Curve (PPC) Worksheet All PPC’s Reflect Increasing Opportunity Costs For Numbers 1-10, think the change affects all markets. On all graphs, place “Consumer Goods” on the X Axis and place “Capital Goods” on the Y. 1) Hurricane Katrina does ...
August 21, 2014 by Ana

Economics
3. (i) Sleak Teak builds yard furniture using hardwoods and (in a smaller shop) handcrafted knick-knacks from the same sort of wood. The hardwood usage in the two lines of product are Yard Furniture: Y = 2 Ty - .001Ty2 Knick-knacks: Z = 20Tz - .01 Tz 2 where Y and Z are units ...
May 25, 2011 by Michelle

Economics
21. The EU is an example of a trading bloc, or _______, that has a common external tariff and no internal tariffs, and that coordinates laws to facilitate trade between member countries. A. strategic alliance B. joint venture C. common market D. multinational export assistance...
January 23, 2012 by Heather

Economics Questions.
I am not quite sure about the following questions, is it True or False for each of the following? 1) The exchange rate (under PPP) between the dollar and the British pound would be 0.5 dollars per British pound if a pair of American jeans costs 50 dollars in New York and 100 ...
June 18, 2008 by Leo

geography
What is the significance of this and what are the consquences. I don't understand the world of economics. Maybe a little help to get started. Thank you. Canacol Energy, an oil firm listed in Toronto and Bogota has a goal to increase its output to 35,000 barrels of crude oil ...
November 20, 2010 by Sarah

Economics
You have opened your own word processing service. You have already bought a special computer needed for word processing and paid $5,000 for it. However, due to the cost changes in the computer industry, the current price of an equivalent machine is $2,500. You could sell any ...
October 11, 2012 by Damone

Economics
The answer i got is : GDP grew 10% GDP for 2006 using 2005 as the base year increase by 20% real GDP grow? 10% If i'm right, let me know, if not, please show Calculation Thank You Use the following data to answer questions 1-3 (be sure to provide all calculations). Quantity ...
December 1, 2008 by John Price

Economics
five final goods and services that are not included on the GNP GNP is the sum of the market value of all final goods and services produced in a country over one year. So, to be excluded from GNP, the good or service a) generally cannot have a "market value", and b) is not one ...
June 23, 2005 by Dj Pruit

U.S. and Global Economics
I'm in need of help really bad. I been sitting here( I got a serious butt ache) trying to figure out this answers and I only got question one. Plz at least explain these questions to me. I would highly appreciate it. :) you don't need to explain # 1 I got the answer. 1. Give ...
September 28, 2013 by Mary

science
If the country is not increasing in population growth rate, what are some socio/economic problems that might occur? In such a situation, the average age of the population increases and, unless there is an actuarily sound retirement funding program (instead of "pay as you go", ...
November 29, 2006 by Fallon

ECONOMICS/ACCOUNTING/BUSINESS
PLS HELP, BEEN STUCK FOREVER ON TWO QUESTIONS, THIS IS ONE : There are usually no costs for the first 3 years, but thereafter maintenance is re- quired for restriping, weed control, light replacement, shoulder repairs, etc. For one section of a particular highway, these costs ...
June 24, 2013 by Aly

Economics
Suppose that 20 workers were required in 2010 to produce 120,000 bushels of wheat on a 1,000-acre farm. a. What is the average output per acre? (?) bushels per acre What is the average output per worker? (?) bushels per worker b. If in 2020 only 16 workers produce 132,000 ...
August 20, 2015 by Jin

economics 7
An electronics company advertises that the battery life of its new smart phone with normal usage averages 72 hours. The company says this is one of the desirable characteristics of the phone which makes the phone a better choice compared to competitor phones. Recently, the ...
September 7, 2014 by Mia

economics
An electronics company advertises that the battery life of its new smart phone with normal usage averages 72 hours. The company says this is one of the desirable characteristics of the phone which makes the phone a better choice compared to competitor phones. Recently, the ...
September 8, 2014 by miguel

economics (7)
An electronics company advertises that the battery life of its new smart phone with normal usage averages 72 hours. The company says this is one of the desirable characteristics of the phone which makes the phone a better choice compared to competitor phones. Recently, the ...
September 8, 2014 by miguel

college fundamentals of manageral economics
Evidenced by the recently reported quarterly growth the US economy seems to be on its way out of the most sever recession since the Great Depression. The unemployment picture however remains rather bleak. Still over 14 million Americans are without jobs. The US economic ...
March 7, 2010 by Anonymous

Economics
In a place rice growers burn their field to stabilize their fields the field burning causes pollution, the alternative sanitizing method costs $150 per acre. Consider a country where rice farmers are willing to pay $500 per acre for land and corn farmers (who do not sanitize ...
May 5, 2009 by eStone

economics
This is my son who is in 10th grade homework assignment. I want to be able to help and not look like a dope! I really have no clue! 1. Why do economists consider growth in the average labor productivity to be the key factor in determining long run living standards? 2. And, Let...
April 29, 2011 by Liz

managerial economics
What are the relevant and irrelevant costs? Two partners who own Progressive Business Solutions, which currently operates out of an office in a small town near Boston, just discovered a vacancy in an office building in downtown Boston. One of the partners favors moving ...
June 21, 2013 by air

Economics
Suppose that you are a policy maker concerned with correcting the effects of gases and particulates emitted by an local power plant. 1. What tools would you use? 2. What would be the benefits of the actions? 3. What would be the costs? 4. How would you decide what was the best...
May 5, 2007 by Jo

social studies check answers
2.B 3.A 4.C 5.B 2.Caribbean South America has A. a predominantly tropical climate. B. varied climate zones due to coastal and highland areas. C. an arid climate in the north and a wet climate in the south. D. mountain climates determined by elevation. 3.Which statement best ...
April 16, 2014 by matt

ECONOMICS
1) If the price of a product produced in a competitive market increases, which of the following is most likely to occur in the labor market for workers who produce the product? A) the demand for labor and the number of workers hired both increase B) the supply of labor and the...
July 19, 2012 by Booker Perry

Economics
Consider the following two country-two goods world, with a single input, labor: Daily production per worker Commodity Portugal England Wine (barrels) 2 OR 1 Cloth (bolts) 4 OR 3 a) Does either country have absolute and/or comparative advantage in any product? Provide support ...
November 2, 2007 by Diantoni

Economics
There is a debate about whether sterile needles should be given out in cities with high drug use. Some say that doing so will decrease HIV/AIDS from sharing needles. Others believe it will encourage drug use. As an economist, you must know the following: -How responsive the ...
March 17, 2009 by Kingram

Economics
A monopolist is currently producing a level of output where Price = $110; Marginal Revenue = $10; Quantity = 100; Total Cost = $15,000; Marginal Cost = $10; Total Fixed Cost = $4,000. 1. To maximize profits in the short-run, the monopolist should: (a) Increase output (b) ...
December 4, 2011 by Jim

Economics
A monopolist is currently producing a level of output where Price = $110; Marginal Revenue = $10; Quantity = 100; Total Cost = $15,000; Marginal Cost = $10; Total Fixed Cost = $4,000. 1. To maximize profits in the short-run, the monopolist should: (a) Increase output (b) ...
December 4, 2011 by Jim

Economics
Consider total cost and total revenue given in the following: (Quantity/Total Cost/Total Revenue): (0/8/0), (1/9/8), (2/10/16), (3/11/24), (4/13/32), (5/19/40), (6/27/48), (7/37/56) Can you tell whether this firm is in a competitive industry? If so, can you tell whether the ...
November 23, 2006 by Mariah

Economics
7. Fortune magazine reported that SkyWest, an independent regional airline, negotiated a financial arrangement with Delta and United to provide regional jet service for the two major airlines. For its part of the deal, SkyWest agreed to paint its jets the colors of Delta ...
June 24, 2013 by AAAAA

ECONOMICS !!!!! Help me ***
Fortune magazine reported that SkyWest, an independent regional airline, negotiated a financial arrangement with Delta and United to provide regional jet service for the two major airlines. For its part of the deal, SkyWest agreed to paint its jets the colors of Delta ...
June 25, 2013 by BBBBBB

Economics
During a year of operation, a firm collects $450,000 in revenue and spends $100,000 on labor expense, raw materials, rent, and utilities. The firm's owner has provided $750,000 of her own money instead of investing the money and earning a 10% annual rate of return. What is the...
September 3, 2009 by John

ECONOMICS
PLEASE HELP ME WITH THESE!!!!!!!! 1) If the price of a product produced in a competitive market increases, which of the following is most likely to occur in the labor market for workers who produce the product? A) the demand for labor and the number of workers hired both ...
July 19, 2012 by Booker Perry

Managerial Economics
The MorTex Company assembles garments entirely by hand even though a textile machine exists which can assemble garments faster than a human can. Workers cost $50 per day, and each additional laborer can produce 200 more units per day (the same for each additional worker). ...
August 8, 2007 by Christina

Phi
Economics continue to measure our countrys economic well being based solely on its GDP however, GDP measures only products and services bought and sold with no regard with whether these money-generating transactions are positive or negativer. For example, when natural ...
September 19, 2010 by Mamabrenda

managerial economics
Fortune magazine reported that SkyWest, an independent regional airline, negotiated a financial arrangement with Delta and United to provide regional jet service for the two major airlines. For its part of the deal, SkyWest agreed to paint its jets the colors of Delta ...
June 21, 2013 by air

Economics
In the Monetary policy transmission mechanism, explain what could go wrong between the following points 1. Change in the monetary policy and Change in the money supply 2. Change in the money supply and Change in the aggregate demand curve Change in the aggregate demand curve ...
June 12, 2007 by Robert

English debating
Hi we are doing debates tomorrow and my debate group's topic is "should school be voluntary"? I am 3rd speaker on the negative team and I need help finding information and sources for it please. I would also appreciate some rebuttal tips, thank you. Try the whole "nature vs. ...
October 10, 2006 by Angie

English
.the subject of the sentence is first person, then the verb must be in what form? third person second person fourth person first person Question 2 Verbs indicate what? location punctuation history time Question 3 Verbs may also indicate what? use date number year Question 4 ...
April 20, 2010 by christopher

economics
The government is trying to adopt a strategy that would optimize the pollution abatement policy of lead in an industrial region. The government estimated the Marginal social benefit curve as MSB=10000-qlead and the marginal cost of abatement as MCA=650+0.25qlead . where qlead ...
November 21, 2006 by Tinu

economics
Week 3 Homework Please answer the following questions: 1. The following information describes the value Lori Landlord places on having her five apartment houses repainted. She values the repainting of each apartment house at a different amount depending on how badly it needs ...
August 14, 2010 by austin

12th grade Economics
The chapter states that the elderly population in the U.S. is growing more rapidly than the total population. In particular, the number of the total workers is rising slowly, while the number of retirees is rising quickly. Concerned about the future of Social Security, some ...
October 12, 2009 by Emily

Economics
Willy's widgets, a monopoly, faces the following demand schedule (sales of widgets per month): Price $20 30 40 50 60 70 80 90 100 Quantity 40 35 30 25 20 15 10 5 0 Calculate marginal revenue over each interval in the schedule (for example, between Q = 40 and Q=35). Recall that...
November 26, 2006 by KEN

Economics for Global Manager
If the current exchange rate is US$1 equals € .70, how much did you win in US dollars? Suppose that the interest rate in Irish banks is 2% for a one year CD. In the USA, the rate is 4% for a one year CD. If you left your winnings in Ireland, how many euros would you have in ...
November 8, 2009 by Jcalhoun

economics
Suppose the income tax rate schedule is 0 percent on the first $10,000; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on any income over $70,000. Family A earns $28,000 a year and Family B earns $65,000 a year. ...
June 23, 2009 by Margary

Economics
Is the federal budget deficit harmful to the U.S. economy? Should we consider a Constitutional Amendment to balance the federal budget? I think it is because to much money is going into things we don't need.Yes we should that way we could keep it all balance and secure.I am ...
October 10, 2006 by gerima

Finance and Economics
Calculate the NPV of the cash flows expected in 2006-2010 using only the 2005 Cost of Capital (don’t worry about increasing costs of capital). Calculate the NPV of the cash flows using the CASH FLOW figures at the bottom of the spreadsheet, these are the future values cash ...
July 31, 2011 by Pupitas

economics
Identify three goods each for which your demand is (a) elastic or (b) inelastic. What accounts for the differences in elasticity? Thank you for using the Jiskha Homework Help Forum. Let me help by explaining the difference between elastic and inelastic demand. elastic demand ...
February 5, 2007 by Keela

Managerial Economics
Please check Here gasoline output is mesured in thousands of gallons, fiber output in the thousands of square feet, and crude oil in thousands of barrels. The product's profits per unit output are $.50 per gallon for gasoline and $.75 per square foot for fiber. The the ...
January 9, 2010 by BJ

Business Economics
When we are given an expression for the Short Run Total Cost Curve (for eg: 8 + 3Q - 1.5Q^2 + 0.25Q^3), how do you derive expressions for the following: 1. Average Fixed Costs 2. Average Viarable Costs Curve 3. Marginal Costs Curve 4. Short Run Supply Curve I also have a ...
April 18, 2007 by Dan

economics
Review: Full, Anonymous: No Week 3 Homework Please answer the following questions: 1. The following information describes the value Lori Landlord places on having her five apartment houses repainted. She values the repainting of each apartment house at a different amount ...
August 16, 2010 by austin

Economics
A monopoly firm faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day. Its marginal cost curve is MC = $100 per day. Assume that the firm faces no fixed cost. You may wish to arrive at the answers mathematically, or ...
May 3, 2016 by Bob

economics
A firm currently uses 40,000 workers to produce 180,000 units of output per day. The daily wage per worker is $100, and the price of the firm's output is $28. The cost of other variable inputs is $500,000 per day. (Note: Assume that output is constant at the level of 180,000 ...
October 25, 2015 by Delynn

Math Economics
1. Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. How much interest will the college earn on ...
June 27, 2012 by Alex

economics
Consider an open economy in which the central bank targets the interest rate. Fill in the blanks in the following statement using the options below: If the central bank sells domestic currency in the foreign exchange market then, ceteris paribus, unless it carries out open ...
June 10, 2007 by Lucy Wang

eceonomic
The isoquant line is described on this forms: a)y=[x1/2 + x1/2]2 (1/2 should be mark as upper quartile) b)y=[x12 + x22]1/2 (x1 as lower quartile and 2 upper for first x and same for x22). The question is how to draw the isoquent line and how to explain the differences between ...
September 26, 2006 by Sigmund

Economics
A reliable 15-year-old babysitter can be a price maker within her own neighborhood. Suppose that this babysitter wishes to implement a Multipart Pricing Plan. Customers who use her services less than L hours per month will pay a high price of PH dollars per hour. Customers who...
July 20, 2010 by James

economics
Suppose that there are three beachfront parcels of land available for sale in Asilomar and six people who would each like to purchase one parcel. Assume that the parcels are essentially identical and that the minimum selling price of each is $600,000. The table below reflects ...
February 9, 2012 by nan

economics
Suppose that there are three beachfront parcels of land available for sale in Asilomar and six people who would each like to purchase one parcel. Assume that the parcels are essentially identical and that the minimum selling price of each is $600,000. The table below reflects ...
February 10, 2012 by peter

Algebra
Business Computers English Foreign Languages Health Home Economics Math Music Physical Education Science Social Studies GRADE LEVELS Preschool Kindergarten Elementary School 1st Grade 2nd Grade 3rd Grade 4th Grade 5th Grade 6th Grade 7th Grade 8th Grade High School 9th Grade ...
October 9, 2014 by Anonymous

economics
I need help with part D below, i thought the function would be y=x/3 + y/2. 1. You produce sandwiches for the Perk cof ee stand. Sandwiches require 3 tablespoons of mayonnaise (x) and 2 tablespoons of mustard (y) (a) Write the production function for sandwiches and plot the ...
March 3, 2010 by Anonymous

Economics
"The reason why firms charge a lower price at higher output levels because they are able to spread their fixed costs over a large production run" This is a true of false question and I would just like to know where i might look to answer this question, i.e. is it something to ...
October 8, 2006 by john

Economics
What is the common element in each column? Column A: The number of minimum wage jobs has increased. By 2025 blue collar work could be totally obsolete. The number of ATM’s is increasing faster than the rate of bank tellers. “We’re sorry all our operators are busy. Your ...
February 22, 2011 by Ann

Economics
What is the common element in each column? Column A: The number of minimum wage jobs has increased. By 2025 blue collar work could be totally obsolete. The number of ATM’s is increasing faster than the rate of bank tellers. “We’re sorry all our operators are busy. Your ...
February 22, 2011 by Ann

Economics
What is the common element in each column? Column A: The number of minimum wage jobs has increased. By 2025 blue collar work could be totally obsolete. The number of ATM’s is increasing faster than the rate of bank tellers. “We’re sorry all our operators are busy. Your ...
February 22, 2011 by Ann

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