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August 25, 2016

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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 a ...
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

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

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

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 call is...
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 call is...
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 call is...
February 22, 2011 by Ann

Economics
A city must decide whether to build a downtown parking garage and what rate to charge. It is considering two rates: a flat $1.50-per-hour rate or an all-day rate averaging $1 per hour (based on a $10 daily rate and an average 10-hour stay). Parking demand is given by Q = 900-...
November 22, 2014 by EJ

Economics
Problem 2: You are a rock concert producer planning a rock concert. The demand schedule for tickets is P = 75 -0.005X where X is the number of people attending the concert. The marginal revenue function is MR = 75-0.01X. The fixed cost of putting on the concert is $150,000. ...
November 26, 2006 by Bill

economics
Need Help on my final exam. Willing to reward for help. 1. Relate the legal concept of tort to the economic concept of externalities. 2. Does the existence of a tort necessarily mean that economic inefficiency is present? How do torts differ from other types of externalities? ...
May 11, 2009 by Sung

intro to economics
Please check my answers and I need help on some of the problems. I'm in a intro to economics course at a university. My professor did not provide a book for this course citing that she rarely had her students use it. So all I have are notes. I would like some help on the ...
March 2, 2009 by anna

Economics
4 (ii) You manage Dirt Diggers, an excavating firm that excavates roadside ditches for laying drainpipes. Its output follows the production function: Q = 10L -.1L2 where L denotes labor hours and Q the length of the ditch in meters. You can hire labor at the going wage rate of...
May 25, 2011 by Michelle

economics
China is one of the few countries in the world to have a fixed exchange rate. In the past, it has experienced a huge increas in exports of goods. Use a "FOREX" diagram to show the effect of the increase in exports. In your answer you must explain the effect of the export surge...
June 9, 2007 by Gary.L

help with economics
what is a rent-controlled apartment? http://en.wikipedia.org/wiki/Rent_control http://www.econlib.org/library/Enc/RentControl.html =) http://www.econlib.org/library/Enc/RentControl.html
January 29, 2007 by shelly

economics
Suppose that the typical snowboarder/skier visiting Mount Unknown ski resort on a typical day would be willing to pay for lifts up the mountain according to the following schedule. (see graph …url below) 1. Why does the WTP schedule slope downward ? 2. Suppose all skiers at ...
June 29, 2009 by Dave

More Economics
I have an lazy instructor using test bank questions unrelated to my text and need some help. The second question is "anything that makes the efficiency wage rise relative to the market-clearing wage will...A) increase both the quantity demanded and the quantity supplied of ...
June 16, 2007 by Bryan

Managerial Economics
You own and operate PC’s R Us, a firm that manufactures customized computers to meet the specifications of universities that offer online MBA programs. Nearly 70% of your customers are Webster University MBA students. Your firm is not the only business that makes the custom ...
April 14, 2009 by Nicci

Economics
The chapter states that the elderly population in the United States is growing more rapidly than the total population. In particular, the number of workers is rising slowly, while the number of retirees is rising quickly. Concerned about the future of Social Security, some ...
November 17, 2006 by Mariah

Economics
The chapter states that the elderly population in the United States is growing more rapidly than the total population. In particular, the number of workers is rising slowly, while the number of retirees is rising quickly. Concerned about the future of Social Security, some ...
November 17, 2006 by Mariah

macroeconomics
18. The following is a list of figures for a given year in billions of dollars. Using this data, compute: (a) GDP; (b) NDP; (c) NI; (d) PI; (e) DI; (f) Net exports. Transfer payments $ 16 Government purchases 80 Personal taxes 38 Corporate income taxes 28 Indirect business ...
October 11, 2011 by marc

Economics
Given the following diagrams: Q1 = 16 bags. Q2 = 11 bags. Q3 = 23 bags. The market equilibrium price is $53 per bag. The price at point a is $85 per bag. The price at point c is $5 per bag. The price at point d is $63 per bag. The price at point e is $38 per bag. The price at ...
March 2, 2016 by YUKA

Economics
Suppose the U.S government decides that the incomes of dairy farmers should be maintained at a level that allows the traditional family dairy farm to survive. It therefore implements a price floor of $1 per pint by buying surplus milk until the market price is $1 per pint. Use...
September 7, 2012 by Cecilia

Economics
A neoclassical theorist would use the formula Y = (w r * L s) + (I r * K s) to explain why a given person, John, is poor. a) According to the Neoclassical Theory, how would John decide how many hours of labor to supply? Draw an appropriate diagram to illustrate your answer and...
October 19, 2006 by Kim

Economics
6. The idea that countries should produce and sell goods that they produce most effectively and efficiently, and buy goods that other countries produce most effectively and efficiently, is known as A. absolute advantage theory. C. efficiency balanced trade. B. free trade. D. ...
January 23, 2012 by Heather

Economics
In an economy where a unit of labour can produce either 1 unit of x or 4 units of y (or any linear combination of the two) and a unit of capital can produce either 4 units of x or 1 unit of y (or any linear combination of the two). There are 100 units of each means of ...
July 27, 2006 by Zann

Economics/Marginal Analysis
21st Century Electronics has discovered a theft problem at its warehouse adn has decided to hire security guards. The firm wants to hire the optimal number of guards. The follwoign table shows how the number of security guards affects the number of radios stolen each week: # ...
June 1, 2007 by Ed

economics
I am completely stuck on these two questions. I have read my chapter, but I am still doubting that I got the answers correct. 1.A decrease in aggregate demand causes a decrease in ______ only in the short run, but causes a decrease in ______ in both the short run and the long ...
April 5, 2012 by Joy

economics
I am completely stuck on these two questions. I have read my chapter, but I am still doubting that I got the answers correct. 1.A decrease in aggregate demand causes a decrease in ______ only in the short run, but causes a decrease in ______ in both the short run and the long ...
April 6, 2012 by Joy

economics
am completely stuck on these three questions. I have read my chapter, but I am still doubting that I got the answers correct. 1.A decrease in aggregate demand causes a decrease in ______ only in the short run, but causes a decrease in ______ in both the short run and the long...
April 7, 2012 by Bobbie

Economics
2. (i) The production function for a firm is given by Q = LK where Q denotes output; Land K labor and capital inputs. Wage rate and rental rate are given by w and r respectively. (a) Show whether or not the above production function exhibits diminishing marginal productivity ...
May 25, 2011 by Michelle

Economics
Professor Martin is considering leaving the university and opening a consultant business. His services as a consultant he would be paid $75,000 a year. To open the business professor Martin must convert a house from which he collects rent of $10,000/year for office space and ...
October 19, 2006 by Cindy

Economics: Am I right?
I am completely stuck on these two questions. I have read my chapter, but I am still doubting that I got the answers correct. 1.A decrease in aggregate demand causes a decrease in ______ only in the short run, but causes a decrease in ______ in both the short run and the long ...
April 8, 2012 by Bobbie

game theory economics
Mitchell Electronics produces a home video game that has become very popular with children. Mitchell’s managers have reason to believe that Wright Televideo Company is considering entering the market with a competing product. Mitchell must decide whether to set a high price to...
October 2, 2011 by aaniya gill

Managerial Economics
You’re the manager of global opportunities for a U.S. manufacturer, who is considering expanding sales into Europe. Your market research has identified three potential market opportunities: England, France, and Germany. If you enter the English market, you have a 0.5 chance of...
May 20, 2015 by Jutee

managerial economics
A firm offers two differentiated products, X and Y and faces two types of consumers, types A and B. There are equal numbers of each type of consumers ˇV so, for simplicity, assume there is just one of each type. The valuations of the two types of customers of the two products ...
September 7, 2008 by matherik

managerial economics
A firm offers two differentiated products, X and Y and faces two types of consumers, types A and B. There are equal numbers of each type of consumers ˇV so, for simplicity, assume there is just one of each type. The valuations of the two types of customers of the two products ...
September 8, 2008 by matherik

managerial economics
A firm offers two differentiated products, X and Y and faces two types of consumers, types A and B. There are equal numbers of each type of consumers ˇV so, for simplicity, assume there is just one of each type. The valuations of the two types of customers of the two products ...
September 8, 2008 by matherik

economics
some study guide questions i am stumped on 1 uncertainty about the future is likely to a increase current spending b either increase or decrease c decrease current spending d no impact on current spending think it's d 2 as the general price level increases the amount of goods ...
April 15, 2011 by samuel

economics grad level
I cannot figure this our for the life of me!Assume that the gross national debt initially is equal to $3 trillion and the federal government then runs a deficit of $300 billion. What is the new level of gross national debt? What happens to the amount of debt held by the public...
August 10, 2009 by queenie

economics
What is the role of producers in consumer protection &awareness?i need a article on this topic b'coz i have to prepare school pro ject on same. Here you will find a list and description of "producer" disclosure statutes enforced by the Federal Trade Commission. http://www.ftc....
June 13, 2006 by bhavna

Economics
I am working on the cost of taxation. Question: The market for pizza is characterized by a downward-sloping demand curve and upward-sloping supply curve. Suppose that the govenment forces each pizzeria to pay a $1.00 tax on each pizza sold. Illustrate the effect of this tax on...
April 20, 2008 by G

Mangerial Economics
Where Q is the number of cans of tennis balls sold quarterly, P is the wholesale price Wilpen charges for a can of tennis balls, M is the consumers average household income, and Pr is the average price of tennis rackets. The regression results are as follows Dependant Variable...
March 2, 2012 by Diana

description for Jiskha.com
A few of you have noted that Google's description of jiskha.com is ineffective on the search results. It currently reads: ----- Articles, games, humor and puzzles for many school areas including art, computers, English, foreign languages, health, home economics, mathematics, ...
January 24, 2007 by Leo

Economics
List the various causes of inflation and determine if they are an injection or a leakage. Demand-pull theory: This is a leakage. If all sectors in the economy try to buy more than the economy can produce, people may start to rely on imports. Therefore, demand-pull is a leakage...
March 8, 2011 by David

economics
Samantha Roberts 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 a revenue of $200,000 per year. To purchase the pharmacy, ...
March 20, 2015 by Tim

economics
Samantha Roberts 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 a revenue of $200,000 per year. To purchase the pharmacy, ...
March 20, 2015 by Tim

Economics
I am getting thrown off by absolute advantage: Boston: Red Socks per worker per hour 3 White Socks per worker per hour 3 Chicago: Red Socks per worker per hour 2 White Socks per worker per hour 1 A) Without trade, what is the price of white socks (in terms of red socks) in ...
May 16, 2008 by G

Economics
I have created an accurate graph on excel and I believe the answers to the first 2 portions of the question are: The opportunity cost of the first 2,000 automobiles is the inability to produce 1000 tons of beef or we give up 1000 tons of beef in order to produce 2,000 ...
August 22, 2009 by Shellie

Economics
I picked the answer C for both questions. I still am not sure? Ben-cones 8 Ben-ice cream 2 Jerry-Cones 6 Jerry-Ice Cream 4 According to the tables, Ben as a comparative advantage in: A) ice cream, and Jerry has an absolute advantage in both goods B) cones, and Jerry has an ...
May 6, 2008 by G

economics
You’re the manager of global opportunities for a U.S. manufacturer, who is considering expanding sales into Europe. Your market research has identified 3 potential market opportunities: England, France, and Germany. If you enter the English market, you have a 0.5 chance of big...
October 15, 2011 by Anonymous

managerial economics
Exercise 1 The marketing manager has estimated the company’s demand curve with the equation P=3000 – 40Q. To develop a deeper understanding of pricing and quantity to be produced, complete the following analyses: 1. Draw the demand curve (use a range of Q values from 20 to 60...
February 20, 2012 by Butter

Managerial Economics--PLZ HELP!
1. An auto-service establishment has estimated its monthly cost function as follows: TC = 6400 + 8 Q Where Q is the number of cars it services each months and TC represents its total cost. The firm is targeting $3,200 net monthly profit with an output target of servicing 3000 ...
December 7, 2006 by Heather

Economics
2. The economy is in a recessionary gap, wages are inflexible downward, and there is complete crowding out. Which of the following is consistent with this state of affairs? a. The economy will soon self-regulate and produce Natural Real GDP. b. Expansionary fiscal policy will ...
April 27, 2007 by Sarah

Economics
Consider the problem of a monopolist that sells its product on two different markets m, with m=1,2. Each market has an aggregate demand function given by 1200−α_m*p_m, where p_m denotes the price in market m, and α_m=m measures the responsivity of demand to ...
March 8, 2016 by John Milliband

Chemistry
Subjects Art Business Computers English Foreign Languages Health Home Economics Mathematics Music Physical Education Science Social Studies Features Contribute Download Experts Forum Job Openings Homework Tips Libraries.Jiskha Link to Us Reference School Supplies Search ...
July 9, 2007 by Jared

economics help!!!
5.1998 Price Quantity cauliflower $200 100 broccoli $ 75 50 carrots $ 50 500 Total $325 Weight of each good weight for cauliflower 200/325= 0.61532 weight for broccoli 75/325= 0.2307692 weight for carrots 50/325=0.1538461 Prices in the base year cauliflower 200/100=$2 broccoli...
September 26, 2006 by shelby

economics
Suppose the demand and supply for milk are described by the following equations: QD = 600 - 100P; QS = -150 + 150P, where P is price in dollars, Q D is quantity demanded in millions of gallons per year, and Q S is quantity supplied in millions of gallons per year 1. Use these ...
May 10, 2013 by Suzy

Economics
The circular flow of economic activity can be summed up as: A. households earn money by selling their factors of production to firms in the factor market and use that money to buy goods and services from firms in the product market. B. firms earn money by selling their factors...
June 5, 2007 by John

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