Recent Homework Questions About Economics
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Economics
If demand is price elastic, total revenue is a.directly related to quantity demanded b.inversely related to quantity demanded c.directly related to price d.directly related to price and inversely related to quantity demanded e.not related to either price or to quantity demanded
Tuesday, January 19, 2010 at 1:18am
Economics
Price elasticity is unit elastic at the midpoint of a linear, downward-sloping demand curve. a.True b.False
Tuesday, January 19, 2010 at 12:53am
Economics
Suppose consumers spent $42 million on Christmas trees last year when the average tree cost $30 and this year spend $42 million when the average tree costs $25. Assuming nothing else changed, this data suggests that a. consumers bought the same number of Christmas trees this ...
Tuesday, January 19, 2010 at 12:51am
Economics
The demand for Olin skis is likely to be? a. less elastic than the demand for skis in general b. more elastic than the demand for skis is general c. unit elastic relative to the demand for skis in general d. as elastic as the deman for skis in general e. greater than the ...
Tuesday, January 19, 2010 at 12:47am
Economics
If an increase in price from $1 to $2 per unit leads to an increase in quantity supplied from 20 to 100 units then the value of price elasticity of supply is. a. 0.38 b. 2 c. 2.67 d. 4 e. 8
Tuesday, January 19, 2010 at 12:46am
Economics
If the demand curve shifts but supply curve doesn't & price remains the same supply must be perfectly inelastic? a. True b. False
Tuesday, January 19, 2010 at 12:44am
economics
Wheat farmers in Kansas would benefit from a devastating crop failure in N.Dakota if the U.S.demand for wheat? is... a. inelastic b. elastic c. unit elastic d. downward sloping e. perfectly elastic
Tuesday, January 19, 2010 at 12:41am
home economics
name two macronutrients and two micronutrients
Thursday, January 14, 2010 at 1:45pm
economics
According to the “guns and butter” example, if a country decides to spend more on military goods, which of the following will happen?
Monday, January 11, 2010 at 11:20pm
economics
the calculation of GDP would include?
Monday, January 11, 2010 at 9:42pm
Civics and economics
Is the Washington munument an example of an American institution?
Sunday, January 10, 2010 at 8:09pm
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 ...
Saturday, January 9, 2010 at 4:49pm
english
- 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 - ...
Friday, January 8, 2010 at 1:36pm
economics
a monopolist, has a total cost curve given by TC = 5Q + 15. He sets two prices for his product, a regular price, PH, and a discount price, PD. Everyone is eligible to purchase the product at PH. To be eligible to buy at PD, it is necessary to present a copy of the latest ...
Friday, January 8, 2010 at 5:53am
home economics
how to do a time plan
Tuesday, January 5, 2010 at 5:53pm
12grade economics
suppose that your state raises its sales tax from 5 percent to 6 percent. the state revenue commissioner forecasts a 20 percent increase in sales tax revenue . is this plausible? explain.
Tuesday, January 5, 2010 at 10:22am
home economics
explain the term energy balance
Monday, January 4, 2010 at 5:21pm
Statistics
QNT 561: I want the Statistics question problems for chapter 3 and chapter 5 from the book "Statistical techniques in business and Economics" by Lind, Marchel and Wathen. Can somebody give the questions? Thanks.
Friday, January 1, 2010 at 9:00am
economics
As tradition has it, Santa Claus is coming on the 5th of December from Spain to the Netherlands to bring gifts to Dutch children. Help is needed to distribute the gifts for which the Santa Claus committee is hiring helpers, so-called Zwarte Pieten. There are two types of ...
Wednesday, December 30, 2009 at 5:59am
university-health economics
dear Ms.Sue ...yes i am new to the forum and i have no idea about how it works ..i hope u can help me .about how to put an answer i think supply and demand are the basic forces of the market,but in the health sector it is difficult to say that
Tuesday, December 29, 2009 at 4:49am
university-health economics
It is estimated that people living in a city are hospitalized about 1.5 times as often as those living in the country side, yet their health outcome appears to be the same. Explain the reasons for this phenomenon.
Monday, December 28, 2009 at 4:53pm
university-health economics
Medical care is so special that normal economic forces do not apply and normal economic tools are not always used, explain the above statement.
Monday, December 28, 2009 at 4:49pm
university-health economics
Suppose hospital (A) has 500 patients/day and average cost of operation is $1500/day. Hospital (B) has 300 patients/day and average cost of $600/day. Hospital (C) has 100 patients/day and average cost of $600/day. What can you say about the most efficient size of hospital? ...
Monday, December 28, 2009 at 4:46pm
university-health economics
Given the following demand function for medical care: Q=100-5p Where: P = is the price of health service. Q = quantity demanded. What is the quantity demanded at p = 5. Draw the demand curve for medical care. Suppose the price rise to (6), calculate the change in consumer ...
Monday, December 28, 2009 at 4:45pm
Managerial Economics
A CA resort offers year-round activities and the resort's operating costs are essentially the same in winter and summer. Mgmt charges higher nightly rates in the winter, when its average occupancy rate is 75%, than in the summer, when its occupancy rate is 85%. My ...
Thursday, December 24, 2009 at 6:34pm
Managerial Economics
A CA resort offers year-round activities and the resort's operating costs are essentially the same in winter and summer. Mgmt charges higher nightly rates in the winter, when its average occupancy rate is 75%, than in the summer, when its occupancy rate is 85%. My question...
Wednesday, December 23, 2009 at 11:34pm
managerial economics
Suppose a manufacturer estimates its marginal cost at $1.00 per pack, it's own price elasticity at -2, and sets its price at $2.The company's settlement obligations are expected to raise its average total cost per pack by pack by about $.60. What effect will this have ...
Monday, December 21, 2009 at 10:52pm
Managerial Economics
As a VP of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional personnel. How would you estimate the ...
Sunday, December 20, 2009 at 5:15pm
Managerial Economics (bobpursely please help)
As a VP of sales for a rapidly growing company, you are grappling wirh the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional personnel. How would you estimate the ...
Sunday, December 20, 2009 at 1:51pm
Managerial Economics
As a VP of sales for a rapidly growing company, you are grappling wirh the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional personnel. How would you estimate the ...
Sunday, December 20, 2009 at 1:18pm
Managerial Economics
As a VP of sales for a rapidly growing company, you are grappling wirh the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional personnel. How would you estimate the ...
Sunday, December 20, 2009 at 10:42am
Managerial Economics
A television station is considering the sale of promotional DVDs. It can have the DVDs produced by one of two suppliers. Supplier A will charge the station a set-up fee of $1200 plus $2 for each DVD; supplier B has no set-up fee and will charge $4 per DVD. The station ...
Saturday, December 19, 2009 at 10:07pm
Managerial Economics
(Economyst only Please): As a VP of sales for a rapidly growing company, you are grappling wirh the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional personnel. How ...
Saturday, December 19, 2009 at 8:08pm
Managerial Economics
(Economyst Only Please): A television station is considering the sale of promotional DVDs. It can have the DVDs produced by one of two suppliers. Supplier A will charge the station a set-up fee of $1200 plus $2 for each DVD; supplier B has no set-up fee and will charge $4 per ...
Saturday, December 19, 2009 at 8:05pm
home economics
what is obesity
Thursday, December 17, 2009 at 6:35pm
economics
why might one person work more, earn more, and pay more income tax when his or her tax rate is cut, while another person will work less earn less, and pay less income taxes under the same circumstances
Monday, December 14, 2009 at 9:28pm
Managerial Economics
From Table 4-1 in the text, determine by how much the demand for Florida Indian River oranges would change as a result of a 10 percent increase in the price of Florida interior oranges, and vice versa. Table 4-1: Type of Orange Florida Indian River Florida Interior Florida ...
Monday, December 14, 2009 at 6:59pm
economics
testing procedures required by the US Food and Drug Administration raise the cost and price of drugs. Should we eliminate such requirements in order to ease inflationary pressures
Sunday, December 13, 2009 at 12:27am
economics
The Fed should simply increase the money supply at the same rate that the full employment economy grows, and the government should desist from any stabilizing urges." What school of thought would make this suggestion, and how do economists of that school justify that ...
Sunday, December 13, 2009 at 12:26am
o level economics
We were asked to come up with a list of needs for ourselves, for our grandparents and for people our age in another continent. For my grandparents I have shelter from the war, warm blankets for winter. For someone my age in Africa I have money for school uniform and school ...
Friday, December 11, 2009 at 9:28pm
Managerial Economics
Dell Computer Corp, the world's largest personal-computer maker, is keenly aware of everything its rival PC manufacturers decide to do. Explain why dell usually reacts more quickly and more substantially to pricing, product design and advertising decisions made by Hewlette...
Friday, December 11, 2009 at 7:21pm
economics
what is the effect of an increase in total factor productivity on the growth of output per worker? xxx
Thursday, December 10, 2009 at 11:36am
Economics
(Absolute and Comparative Advantage) You have been given the following information concerning the production of wheat and cloth in the United States and United Kingdom: Labor Hours Required to Produce One Unit United Kingdom United States Wheat 2 1 Cloth 6 5 What is the ...
Wednesday, December 9, 2009 at 2:32am
Economics
How does a price ceiling undermine the rationing function of market-determined prices? How could rationing coupons insure that consumers with the highest values get the limited amount of a good supplied when government price ceilings create shortages? Fully explain your answer...
Tuesday, December 8, 2009 at 3:37pm
Managerial Economics
I have an exam in two days. I need an explanation to this question please. MC = 10+5Q derive an equation for total cost
Tuesday, December 8, 2009 at 11:37am
economics
The Midnight Hours, a local nightclub earned 100,000 in accounting profits last year, this year the owner, who had invested 1,000,000 in the club, decide to close the club. What can you say about the economic profit (and the rate of return) in the night-club business?
Monday, December 7, 2009 at 7:06pm
social
T/f 1.Borrowing from economics, rational choice theorists examine opportunities, costs and benefits when studying offenders’ decision-making processes.
Sunday, December 6, 2009 at 1:25pm
economics
Investors have set the following expectations for profitability and earnings: ROI first year must be at least 17% Turnover in the first year is budgeted at DKK 3,400,000, oo excl. VAT and the total investment Amounts to DKK 4.000.000, oo excl. VAT. 1.1 How much profit should ...
Sunday, December 6, 2009 at 7:28am
Economics (PPFs)
Society has 20 units of capital and 20 units of labor. The production function for X can be expressed as X = K1/2L1/2, and the production for Y can be expressed as Y = K + L. Which of the following input allocations is not efficient? Solution: Industry X uses 13.33 units of ...
Sunday, December 6, 2009 at 4:29am
Economics (Production Possibility Frontiers)
Assume that the endownment of capital and labor in a given society is 20 units of capital and 20 units of labor. The production function of good X can be expressed as X = K1/2L1/2, and the production of good Y can be expressed as Y = K + L. Which of the following describes ...
Sunday, December 6, 2009 at 4:28am
Economics/Statistics
1. Assume that q and z are two random variables that are perfectly positively correlated. q takes the value of 20 with probability 0.5 and the value of zero with probability 0.5, while z takes the value of 10 with probability 0.5 and the value of zero with probability 0.5. ...
Sunday, December 6, 2009 at 3:53am
Social studies
True/fals 1. Borrowing from economics, rational choice theorists examine opportunities, costs and benefits when studying offenders’ decision-making processes. 2. In emphasizing both social disorganization and ecology, routine activities theory can be considered a ...
Saturday, December 5, 2009 at 6:07pm
DESICION MAKING
At least 7 slides and no more than 15 slides with Details: This is a Capstone Project where you will utilize all the information we’ve learned thus far in the session. For this assignment you will be preparing a presentation analyzing a single example of poor decision ...
Saturday, December 5, 2009 at 12:37pm
Economics
3. Peter owns just his car and has £2,500 in cash. The car is worth £7,500. The probability that the car will be stolen (and never recovered) is 0.1. If his vNM utility function is two times the square root of his wealth, what is the maximum amount he would pay for...
Saturday, December 5, 2009 at 6:40am
Economics/Math
1. Assume that q and z are two random variables that are perfectly positively correlated. q takes the value of 20 with probability 0.5 and the value of zero with probability 0.5, while z takes the value of 10 with probability 0.5 and the value of zero with probability 0.5. ...
Saturday, December 5, 2009 at 6:39am
Economics
Janice is producing a new product at marginal cost of £1, and by law she has to sell it for £2. She has to decide how much to produce before she learns the demand. All she knows is that demand will be 20 or 50, with equal probability. If she is just a little bit ...
Saturday, December 5, 2009 at 6:35am
home economics
what are ten careers in home economics
Friday, December 4, 2009 at 3:30pm
Economics/Math
3. Assume you own a painting. If you sold it now, you could get £500 for it. However, the amount that people will be willing to pay in the future increases by £25 in odd years (including the first one) and by £26 in even years, for the next 53 years. If the ...
Friday, December 4, 2009 at 4:19am
economics
The table shows the relationship for a hypothetical firm between its advertising expenditures and the quantity of its out-put that it expects it can sell at a fixed price of $5 per unit. Advertising Quantity Sold at P = $5/IN Expenditures (millions) Million Units $1 8 $1.2 9 $...
Friday, December 4, 2009 at 1:21am
economics
The table shows the relationship for a hypothetical firm between its advertising expenditures and the quantity of its out-put that it expects it can sell at a fixed price of $5 per unit.
Friday, December 4, 2009 at 1:18am
economics
i am doing my dissertation and i need to find a model to determine the optimum level of bank reserve ratio. i have looked at Richard Cothren (1987)’s journal entitled “ Asymmetric Information and Optimal Bank Reserves”. but i want to find a SIMPLE MODEL to do so...
Thursday, December 3, 2009 at 12:40pm
economics
everything about the budget constraint
Wednesday, December 2, 2009 at 5:19am
economics
Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development? What kinds of costs are involved in making a decision to shut down?
Tuesday, December 1, 2009 at 12:41pm
macro economics
How do i construct an income effect graph and a substitute graph
Monday, November 30, 2009 at 11:09pm
economics
can one determine that a project was successful by the customers reaction?
Monday, November 30, 2009 at 6:02pm
Economics
It is assumed that the toothpaste market is perfectly competitive and the current price of a case of toothpaste is $42.00. CPI has estimated its marginal cost function to bas follows: MC=.006Q. The Board would like to know how many cases of toothpaste should be produced in ...
Monday, November 30, 2009 at 4:23pm
Economics
While sitting in your office one evening, you begin to think about some of the key microeconomic messages you want to communicate to the Board. (Key concepts include, but are not limited to, supply and demand, pricing, competition, costs & production, and economic value added...
Monday, November 30, 2009 at 4:22pm
Economics
Am i on the right track U= f(x,y) 5= (10,4) + 40=(10,4) 2000 + 1600 No is the answer Why? No equal consumption
Sunday, November 29, 2009 at 3:51pm
ECONOMICS
What will Happen in this Senerio? If someone deposits $15,000.00 into a Bank and the required reserves is 15% what will be the total increase in checking account deposits in the banking system and what will be the maximum loans available to the public?
Saturday, November 28, 2009 at 5:29pm
Economics
Bridget has a limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 PER POUND.The last bottle of wine added 50 units to Bridget's ...
Saturday, November 28, 2009 at 2:57pm
Economics
I need help finding two sources about real estate monetary and fiscal policies. The sources need to help me answer the following questions... How have these policies affected... 1. employment rates for real estate? 2. growth of real estate? 3. prices of homes?
Saturday, November 28, 2009 at 2:37pm
economics
if production is Q=(a^c) min(K,L) where a>0, c>1, price of capital(r)=£10 and price of labour (w)= £10 what is the optimal combination of capital and labour? does the production have increasing/constant/decreasing returns to scale?
Thursday, November 26, 2009 at 7:13pm
Economics(12 Multiple Choice)
1. John Maynard Keynes said business investment is determined mainly by a. the state of business confidence b. expectations about the future c. psychological perceptions about the economy d. all of the above 2. Assume that the Canada experiences higher inflation that the U.S. ...
Thursday, November 26, 2009 at 4:07pm
home economics
wat are savory deductions
Thursday, November 26, 2009 at 3:10pm
Economics
Can someone tell me if I have this right, or backwards?? When the US dollar depreciates foreign goods, assets, and services are more expensive and when the US dollar appreciates they are cheaper. Thanks
Wednesday, November 25, 2009 at 1:39pm
mangerial economics
a monopolist has the following demand and Tc functions: Q=2,500-25P TC= 100,000 + 20Q+ 0.05Q^2 How much consumer surplus ($) will a monopolist transfer to itself
Wednesday, November 25, 2009 at 1:38am
economics
A professor of economics gives multiple choice exams each semester. He curves the exams by giving the maximum possible points to the high score on the exam. For example, if a 50 question exam is worth 100 points and the top score in the class is 40, then each question is worth...
Tuesday, November 24, 2009 at 1:23pm
Managerial Economics
In a perfect competitive market, industry demand is P = 850 – 2Q, and industry supply is P = 250 + 4Q (supply is the sum of the marginal cost curves of the firms in the industry). Assume that all the firms collude to form a single monopoly firm. There is no change in the ...
Tuesday, November 24, 2009 at 9:02am
Managerial Economics
A monopolist faces the price equation P = 1,000 – 0.5Q, and cost is given as TC = 400 + 100Q +2.5Q^2.Determine the profit at the revenue maximizing level and the profit maximizing level. Compare the answers above and comment on the appropriate goal of the firm.
Tuesday, November 24, 2009 at 8:51am
Economics-HELP!
1. Consider testing of chemicals for potential carcinogens. To properly test each chemical costs $10 million. If Q chemicals are tested a typical household places value $(1 - 0.01×Q) on each chemical tested. There are 100 million households in the U.S. (a) Calculate the ...
Monday, November 23, 2009 at 9:06pm
Managerial Economics
In a perfect competitive market, industry demand is P = 850 – 2Q, and industry supply is P = 250 + 4
Monday, November 23, 2009 at 8:50pm
managerial economics
There is a regression model. E= a+bn. Where E is total earnings of the motion pictyre industry measured in dollars per year and N is the number of tickets sold in December. Dependent variable:E R sqaure 08311 F ration 63.96 P value 0.0001 Variable intercept N parameter ...
Monday, November 23, 2009 at 3:41pm
managerial economics
I have no idea what e=a+bn E is the total earnings of the motion picture industry measured in dollars per year and N is the number of tickes sold in December. First question: How well do movie ticket sales in December explain the level of earnings for the entire year? Also, ...
Monday, November 23, 2009 at 2:27pm
managerial economics
Appalachian Coal Mining believes that it can increase labor productivity, and therefore, net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing addtional capital equipment is mMC=40p where p ...
Monday, November 23, 2009 at 2:16pm
managerial economics
Entry of new airlines to the CARICOM region is severely restricted and as a consequence regional airlines charges higher airfares than US airfares for routes of comparable distances. An airline expert estimates the annual air travel demand between Trinidad and Antigua to be: Q...
Monday, November 23, 2009 at 10:22am
home economics
what is a third course meal
Sunday, November 22, 2009 at 4:46pm
home economics
If a cake recipe calls for flour does it mean self rising or all purpose
Sunday, November 22, 2009 at 12:37pm
economics
How does the devaluation of a currency reduce or increase a trade deficit? Can you give a real world example?
Friday, November 20, 2009 at 10:58pm
Economics
A study by the Computer Manufacturers Association of America analyzed the significant increase in the usage of computers by business firms in the United States over the last two decades. In terms of production theory, on might say the computer-labor ration has risen. a. Using ...
Friday, November 20, 2009 at 10:32pm
Economics
The production engineers at Impact industries have derived the expansion path shown in the following figure. The price of labor is $100 per unit. a. What prices does an impact industry pay for capital? b. If the manager at impact decides to produce 180 units of output, how ...
Friday, November 20, 2009 at 7:51pm
managerial economics
The cost function for a firm is given by TC = 500 + Q2. The firm sells output in a perfectly competitive market and other firms in the industry sell at a price of $100. a) What price should the manger of this firm put on its product? b) What level of output should be produced ...
Friday, November 20, 2009 at 2:29pm
Economics
The cost function for a firm is given by TC = 500 + Q2. The firm sells output in a perfectly competitive market and other firms in the industry sell at a price of $100. a) What price should the manger of this firm put on its product? b) What level of output should be produced ...
Friday, November 20, 2009 at 1:42pm
Economics
In a perfect competitive market, industry demand is P = 850 – 2Q, and industry supply is P = 250 + 4Q (supply is the sum of the marginal cost curves of the firms in the industry). Assume that all the firms collude to form a single monopoly firm. There is no change in the ...
Friday, November 20, 2009 at 12:54pm
Economics
Entry of new airlines to the CARICOM region is severely restricted and as a consequence regional airlines charges higher airfares than US airfares for routes of comparable distances. An airline expert estimates the annual air travel demand between Trinidad and Antigua to be: Q...
Friday, November 20, 2009 at 12:47pm
economics
In an article about the financial problems of USE Today, Newsweek reported that the paper was losing about $20 million a year. A Wall Street analyst said that the paper should raise its price from 50 cents to 75 cents, which he estimated would bring in an additional $65 ...
Friday, November 20, 2009 at 9:25am
Economics
U.S. antitrust enforcement policies have focused on 1) Enforcing market codes of ethics 2) Preventing "golden parachutes" 3) preventing price fixing arrangements 4) forcing firms to produce output at the point where P=MC 5) breaking up any firm with more than 10 ...
Friday, November 20, 2009 at 8:36am
micro economics
if a few large firms were broken down into a lot of smaller firms how would this effect the supply and demand
Friday, November 20, 2009 at 12:20am
economics
examples of substitutes for chicken and some complements and how are each of these substitutes and complements are affected?
Friday, November 20, 2009 at 12:14am
Economics
Three examples of how savings can be channeled into productive investments?
Thursday, November 19, 2009 at 11:58pm
managerial economics
The total costs of a firm under perfect competition is given by the equation TC = 5, 000 + 4Q + 2Q2 and the market price is $100 per unit. What is the profit maximizing level of output?
Thursday, November 19, 2009 at 9:44pm
economics
suppose the income elasticity of demand for toys is +2.00. this means that a. a 10 percent increase in income will increase the purchase of toys by 20 percent b. a 10 percent increase in income will increase the purchase of toys by 2 percent c. a 10 percent increase in income ...
Tuesday, November 17, 2009 at 10:28pm
eco 205
Assignment locate 3 topics (DONE) how are the ten principals of economics relevant to each case. How do you determine which one? What questions to ask self to determine the answer? Where to look outside the examples shown in class?I did read the lesson they offer examples not ...
Tuesday, November 17, 2009 at 8:09am
managerial economics
The MorTex Company assembles garments entirely by hand even though a textile ma- chine 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 ...
Tuesday, November 17, 2009 at 3:51am
economics
in todays world right now what would u say is going on using a positive and normative statements?
Monday, November 16, 2009 at 10:22pm
economics
how should goods and services be produced in the automotive industry?
Sunday, November 15, 2009 at 7:24pm
economics
QUICK MEAL IS A FAST FOOD OUTLET THAT SELLS BOX ,LUNCHES FOR $ 120 DOLLARS EACH.iTS TOTAL COST FUNCTION IS TC= 80,000+ 20q + O.O2q should the owners close the resturant?if so why?
Saturday, November 14, 2009 at 9:09pm
Economics
Suppose that a movie theater owner faces the demand curve given by P=10-.001Q where P is the price of a ticket in dollars and Q is the number of tickets sold per week. Suppose that all the cost associated with the theater other than film costs do not vary with the number of ...
Saturday, November 14, 2009 at 4:49pm
Economics
A manufacturing firm produces output using a single plant. The relevant cost function is TC=45,000+8Q squared and the demand function is Q=100-0.02P a)What is the minimum level of AC b)What is the firms profit when AC is at a minimum? c)What is the firms maximum profit
Saturday, November 14, 2009 at 2:03am
Economics
Call Us demand function is Q=410-P and MC=10+5Q. Given that TFC=$0 a)derive an equation for TC b)calculate the profit maximizing level
Saturday, November 14, 2009 at 1:58am
Economics
The manager of caribbean glass company estimates that total revenue from the sale of her firm's product is given by the equation TR=300Q-Qsquared/2. The total cost equation is TC=5,000 + 60Q + Qsquared What are the profit maximizing price and output rate? What is the ...
Friday, November 13, 2009 at 2:54pm
Economics
CCM television station is considering selling promotional videos produced by Firm A or Firm B. Firm A will charge the station a set up fee of $1,200 plus $2 for each cassette, while firm B has no set up fee and will charge $4.00 for each cassette. The demand for cassettes is Q...
Friday, November 13, 2009 at 2:47pm
Economics
Explain why housing prices vary from city to city. Clearly explain how supply and demand affect the prices of the homes and be sure to show your work. I have triev everything and looked every where, but I am having trouble with the graphs. Can you please help me?
Friday, November 13, 2009 at 9:37am
economics
give examples of normal and inferior goods---> what are the similarities and the differences between the 2 groups?
Thursday, November 12, 2009 at 6:23pm
Economics
An airline has a low marginal cost per passenger of $30 on a route from Boston to Detroit. At the same time the typical fare charged is $300. The planes that fly the route are usually full, yet the airline claims that is loses money on the route, how is this possible?
Thursday, November 12, 2009 at 11:42am
To: Economyst - Can you please help?
Airline pricing is a good example of price discrimination. Airlines set different prices for first-class and excursion. Suppose the economics division of a major airline company estimates the demand and marginal revenue functions for first-class and excursion fares from Los ...
Wednesday, November 11, 2009 at 9:13pm
Economics
A tract of land is found to contain a plant from which drug companies can extract a newly discovered cancer-fighting medicine. This variety of plant does not grow anywhere else in the world. Initially, the many owners of lots within this trtact, who had not planned to use the ...
Wednesday, November 11, 2009 at 8:32pm
home economics
I need some examples of visible and non visible sugars please
Wednesday, November 11, 2009 at 3:04pm
History-Ms.Sue
Can you please explain to me what it means by the Jacksonians favored a hands off approach to the economy? Laissez-faire Economics Complementing a strict construction of the Constitution, the Jacksonians generally favored a hands-off approach to the economy. The leader was ...
Wednesday, November 11, 2009 at 1:13pm
Managerial Economics
The Largo Publishing House uses 400 printers and 200 printing presses to produce books. A printer's wage rate is $20, and the price of a printing press is $5,000. The last printer added 20 books to total output, while the last press added 1,000 books to total output. Is ...
Tuesday, November 10, 2009 at 5:50pm
12th grade Economics
Describe the automotive Industry- How does the company answer the basic economic questions?
Tuesday, November 10, 2009 at 3:10pm
Economics
How does the automobile industry answer thr basic economic questions?
Tuesday, November 10, 2009 at 3:08pm
Economics/Algebra
Airline pricing is a good example of price discrimination. Airlines set different prices for first-class and excursion. Suppose the economics division of a major airline company estimates the demand and marginal revenue functions for first-class and excursion fares from Los ...
Monday, November 9, 2009 at 9:37pm
Economics/Algebra
The demand curve for a monopolist is Qd = 500 - P and the marginal revenue function is MR = 500 - 2P. The monopoloist has a constant marginal and average total cost of $50 per unit. a. Find the monopolist's profit maximizing output and price b.Calculate the monopolist'...
Monday, November 9, 2009 at 9:33pm
home economics
what is a sugar syrup and what does it have to do with candy making?
Monday, November 9, 2009 at 9:51am
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 ...
Sunday, November 8, 2009 at 11:11pm
Economics/Algebra
A monopolist has a constant marginal and average cost of $10 and faces a demand curve of QD = 100 - 10P. Marginal revenue is given by MR=100-.20P. a. Calculate the monopolist's profit maximizing quantity, price, and profit. b. Now suppose that the monopolist fears entry, ...
Sunday, November 8, 2009 at 10:41pm
Economics/Math
Airline pricing is a good example of price discrimination. Airlines set different prices for first-class and excursion. Suppose the economics division of a major airline company estimates the demand and marginal revenue functions for first-class and excursion fares from Los ...
Sunday, November 8, 2009 at 10:35pm
Economics/Math
The demand curve for a monopolist is Qd = 500 - P and the marginal revenue function is MR = 500 - 2P. The monoploist has a constant marginal and average total cost of $50 per unit. a. Find the monopolist's profit maximizing output and price b.Calculate the monopolist's...
Sunday, November 8, 2009 at 9:16pm
economics
apples cost £2 and pears cost £4. For John the marginal Utility (MU) of the last apple consumed was 4 and MU of pears was 12. For Paul MU of last apple was 3 and MU of last pear was 6. Which person is not maximising utility and how can you tell? What should they do?
Sunday, November 8, 2009 at 9:14am
Economics
Suppose that a nation has implemented a system for applying a tax rate of 2 percent to the incomes earned by the 10 percent of its residents with the highest income. All funds collected are then transferred directly to the 10 percent of the nation's residents with the ...
Friday, November 6, 2009 at 9:47pm
Economics
Suppose that the objective of a union is to maximize the total dues paid to the union by its membership. Explain the union strategy, in terms of the wage level and employment level, under the following two scenarios. a)Union dues are a percentage of total earnings of the union...
Friday, November 6, 2009 at 9:39pm
To: Economyst
I did mean Q Suppose you are the manager of a small chemical company operating in a competitive market. Your cost of production can be expressed as C = 100 + Q2, where Q is the level of output and C is total cost. a. Is this a short-run cost function? b. What is the marginal ...
Wednesday, November 4, 2009 at 8:13pm
To: Economyst
Hi there. You helped me with a couple of questions regarding Econ. I appreciate the help but my issue is I don't understand how you calculate the minimum average variable cost or the output that maximizes profit. I do understand that the price is more than the AVC so they ...
Wednesday, November 4, 2009 at 8:11pm
home economics
what happens to bacteria between tempretures five degrees and sixty three degrees
Wednesday, November 4, 2009 at 2:14pm
Economics/Math
In a perfectly competitive industry, the market price is $25. A firm is currently producing 10,000 units of output, its average total cost is $28, its marginal cost is $20, and its average variable cost is $20. Given these facts, explain whether the following statements are ...
Tuesday, November 3, 2009 at 11:02pm
Economics/Math
Suppose you are the manager of a small chemical company operating in a competitive market. Your cost of production can be expressed as C = 100 + Q2, where Q is the level of output and C is total cost. a. Is this a short-run cost function? b. What is the marginal cost function...
Tuesday, November 3, 2009 at 11:00pm
Economics/Math
Suppose there are four firms in a competitive market and that each firm has the following supply function. Supply functions for competitive firms Company Supply Function 1 Q1 = 16 + 4P 2 Q2 = -5 + 5P 3 Q3 = 32 + 8P 4 Q4 = - 60 +10P a. Find the competitive market supply ...
Tuesday, November 3, 2009 at 10:57pm
Mnagerial Economics
prepare a brief, with the aid of diagrams how can knowledge of returns to variable inputs assist in decision-making in business
Tuesday, November 3, 2009 at 10:22am
economics
where will i be able to find the % of bank reserve ratio required by banks for each country? all i know is that in uk its 10% and USA there is no limit n the amount you need to keep
Tuesday, November 3, 2009 at 9:33am
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...
Tuesday, November 3, 2009 at 7:48am
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...
Monday, November 2, 2009 at 6:56pm
ECONOMICS - Perfect Competition
Please check and correct my answers. Thank you. 1) Jack Benny can get blood from a stone. If he has x stones, the number of pints of blood he can extract from them is f(x) = 2x^(1/3). Stones cost Jack w dollars each. Jack can sell each pint of blood for p dollars. a) How many ...
Monday, November 2, 2009 at 7:41am
Economics
Please check and correct my answers. Thank you. Jack Benny can get blood from a stone. If he has x stones, the number of pints of blood he can extract from them is f(x) = 2x^(1/3). Stones cost Jack w dollars each. Jack can sell each pint of blood for p dollars. a) How many ...
Sunday, November 1, 2009 at 9:10pm
economics
I have an article for economics and it discusses how the housing starts fell short of economists expectations.It mentions that despite not reaching there goal, they did have a 0.5% increase in first time home owners. In your opinion do you think it sounds more like a micro or ...
Sunday, November 1, 2009 at 4:21pm
Economics
If a city's unemployment rate is at 8% and the natural rate is 3% with the current GDP at $100 million what is the full employment equilibrium?
Saturday, October 31, 2009 at 9:40pm
Economics
Describe two criteria used to assess a market’s potential for a new product. Based on these criteria, what are the steps the managers of a global company will need to take in order to decide whether a foreign market is a viable market in which to introduce a new product?
Saturday, October 31, 2009 at 9:11pm
economics accounting
how can you improve your financial performance and how can you improve your financial position giving examples?
Saturday, October 31, 2009 at 7:00pm
Economics
How does the quantity supplied of a good with a large elasticity of supply react to a price change?
Saturday, October 31, 2009 at 6:02pm
Economics
What does a private option in health care mean? thanks
Saturday, October 31, 2009 at 11:12am
economics
(A) “Market demand for wheat is relatively stable over time but market supply of wheat is very much influenced by the weather. For example, a natural drought decreases the supply of wheat and pushes up its prices while a bumper crop can severely depress wheat prices. Acts...
Saturday, October 31, 2009 at 10:08am
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