Number of results: 7,401
hi ppl ! i have an assinment im stuck on, this particular question i cant do so if anyone can help plzzz do Q: in response to increasing thefts by drug addicts, the government passes legislation increasing both the penalty and probability of punishment for suppliers of illegal...
Wednesday, September 6, 2006 at 8:31am by brad
hey, could someone please give me some tips for the following questions. iv got a test coming up, and one of these 4 questions will be in it..... so i have to write 4 essays n learn it. i just need a few points to put my essay together. thanks in advance. 1. 'Consumers ...
Monday, October 23, 2006 at 8:31am by Pia
Briefly explain the following: (a)Economic cost and accounting cost. (b)Free market economy and mixed economy. (c)Marginal utility theory and indifference curves analysis. Please note that we don't do students' homework for them. Once YOU have come up with a response to YOUR ...
Friday, March 23, 2007 at 7:14am by Christine
Suppose that a firm is the only domestic producer of a commodity and that there are no imports of the good. The firmís total cost and demand curves are given by the following two equations: TC = 6Q + ∑05Q2 : Q = 360 - 20P q) The government wishes to impose a maximum price of $...
Tuesday, October 2, 2007 at 6:48am by mick
Hummm. This firm should act like a monopolist. Your P=15 and Q=60 are what the monopolist would do sans any government intervention. With a price cap below what the monopolist would charge, simply plug 14 into the demand equation and solve for Q. Total revenue will be 14*Q. ...
Tuesday, October 2, 2007 at 6:48am by economyst
You have an option to hire 2 hunters. The first hunter is able to kill two deers in an hour, the other hunter is able to kill one deer in an hour. Do you, without a doubt, hire the first hunter because he has an aboslute advantage? My question is that as there is only one ...
Thursday, October 4, 2007 at 11:17pm by Samantha
Since there is only one variable given, I would have plenty of doubts. e.g., what if the good hunter charges $300 per day while the lesser hunter charges only $100. Or, what if I have all day and only want one deer. So, I would answer 'no'
Thursday, October 4, 2007 at 11:17pm by economyst
Hey guy. it is just what I am dealing with. it is really a pain for me to cope with microecon. do you mind to show me what you ve done?
Monday, October 23, 2006 at 8:31am by Trina
about economics book
any has the question's answer of arnold roger's micro economics book(8th edition).pls help me.
Friday, June 13, 2008 at 11:43pm by tapos mitra
Need examples of variable and fixed inputs (micro)
Is MICRO your heading? What is this, accounting? Possibly something here will help you, although your post was unclear: 1. http://en.wikipedia.org/wiki/Diminishing_returns 2. (part II of #1): http://en.wikipedia.org/wiki/Production_function 3. (examples with Microsoft Excel): ...
Friday, October 24, 2008 at 4:01pm by SraJMcGin
You will find tha correct answer by reading http://tutor2u.net/economics/revision-notes/as-markets-scarcity-and-choice.html
Saturday, February 14, 2009 at 12:43pm by drwls
Goods Computer Wine x Y Qc Qw Country mil mil gal US 60 240 France 33 1/3 200 Assuming that without trade, -the US Produces 30 million computers, and - France produces 80 million gallons of wine. Also assuming that -both countries will completely specialize in the good in ...
Saturday, February 14, 2009 at 10:20pm by SadBob
If the price of a good is low, a. firms would increase profit by increasing output. b. the supply curve for the good will shift to the left. c. the quantity supplied of the good could be zero. d. firms can and should raise the price of the product.
Saturday, February 14, 2009 at 10:22pm by SadBob
A market has the following demand and supply equations: Qd = -50P + 1000 Qs = 150P - 400 Which of the following statements is true? a. If the price were $9, a surplus of 300 units would exist and price would tend to fall. b. If the price were $3, a shortage of 800 units would ...
Saturday, February 14, 2009 at 10:25pm by SadBob
Plug in $9 and $3 for P and see what you get for Qd and Qs. For the equilibrium proce, set Qd = Qs and solve for P. See if it agrees with c. or d. I see two correct choices.
Saturday, February 14, 2009 at 10:25pm by drwls
Do a little research, then take a shot. What do you think?
Saturday, February 14, 2009 at 10:22pm by economyst
Take a shot, what do you think?
Saturday, February 14, 2009 at 10:20pm by economyst
She doesn't know it, but Linda Maranees is the subject of a behavioral experiment that could change the odds of the gambling business. The Memphis, Tenn., retiree, her blouse bedecked with sequined cards and dice, has just received invitations to two nearby slot tournaments, ...
Thursday, July 30, 2009 at 11:40pm by Presqu
A most excellent question. A question asking you to think like an economist. And the question just oozes with micro-economic issues. Take a shot, what do you think. I or others will be happy to critique your thinking. Hints. Think about what the casino is selling. Assume both ...
Thursday, July 30, 2009 at 11:40pm by economyst
2. In the table below, assume a monopsonist has the marginal-revenue-product schedule for a particular type of labor given in columns 1 and 2 and that the supply schedule for labor is that given in columns 1 and 3. (1) (2) (3) (4) (5) Number of MRP Wage Total Marginal labor ...
Monday, May 3, 2010 at 8:22pm by Tom