Recent Homework Questions About Economics
The schedule below shows the level of output that can be produced using different levels of input. A unit of input costs $80 and the fixed costs of running your business are $50. Input Output 0 0 1 2 2 6 3 9 4 11 5 12 1. What is your AVC of producing 11 units of output? ...
Saturday, October 8, 2011 at 12:16am
1.Which of the following is NOT a decision that can be made at the margin? whether to grow beans or corn on large farm whether to hire 100 new workers or not whether to leave early in the moring or late in the day whether or not to go on vacation, I think this is the answer, ...
Thursday, October 6, 2011 at 8:50am
Supply-side economics, during President Reagans administration, involved a. the supply component of the supply-demand equation. b. stressing the importance of tax cuts for businesses. c. stressing the importance of tax cuts for the wealthy. d. an increase in the size of ...
Wednesday, October 5, 2011 at 1:56pm
in a class of 40 student,18 pass maths, 19 pass account,16 pass economics 5 pass maths and account only, 6 pass maths only, if each student pass at least one of the subject.find the percentage number who fail in at least one of economics and maths. how many student fail in all...
Wednesday, October 5, 2011 at 1:27am
The nominal interest rate is 12 percent per year in Canada and 8 percent per year in the United States. Suppose that the real interest rates are equalized in the two countries and that purchasing-power parity holds. A friend proposes a get-rich-quick scheme: borrow from a US ...
Tuesday, October 4, 2011 at 8:29pm
The nominal interest rate is 12 percent per year in Canada and 8 percent per year in the United States. Suppose that the real interest rates are equalized in the two countries and that purchasing-power parity holds. What can you infer about expected change in the exchange rate...
Tuesday, October 4, 2011 at 6:49pm
10 careers that home economist can do.
Tuesday, October 4, 2011 at 2:59pm
13. Supply-side economics, during President Reagans administration, involved a. the supply component of the supply-demand equation. b. stressing the importance of tax cuts for businesses. c. stressing the importance of tax cuts for the wealthy. d. an increase in the size...
Tuesday, October 4, 2011 at 10:59am
An increase in personal income tax rates will cause a(n)
Monday, October 3, 2011 at 4:24pm
This is about economic solution.There are 2 regions but they were given by different each other function of demand and supply.1.First question is we won't sell these products on both regions and you can't transport the product each other.So please find the equilibrium ...
Sunday, October 2, 2011 at 10:09am
game theory economics
Mitchell Electronics produces a home video game that has become very popular with children. Mitchells 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 ...
Sunday, October 2, 2011 at 3:37am
You read in a newspaper that the nominal interest rate is 12 percent per year in Canada and 8 percent per year in the United States. Suppose that the real interest rates are equalized in the two countries and that purchasing-power parity holds. a) Using the Fisher equation, ...
Sunday, October 2, 2011 at 1:01am
You have $1000. You can spend it on a TV or put the money in the bank at 4% interest for a year. What is the opportunity cost of buying the TV today?
Friday, September 30, 2011 at 9:48pm
investigate the economics of using a higher grade of plywood for the facing when using timber fromwork . a fromwork system which is being used for concreting operations consumes the following labour and materials over 12 months : labour:6043 hours at £21.50 per hors ...
Friday, September 30, 2011 at 6:41am
Could you recommend a video for me to understand socialsm communism capitalism for 7th grader to udnerstand i need to see visual representation of each concept
Thursday, September 29, 2011 at 12:00pm
SOCIAL STUDIES ECONOMICS 7TH GR
I need to explain the terms from an economic view rather than a political view of. But I need to show this 3 concepts of economics with just pictures and symbols that reflect how i understand the concept. I need to use minimal words. I need to make sure my symbols/pics shows ...
Thursday, September 29, 2011 at 10:29am
home economics - PLS help
Need help with some economics problems and wondering if anyone can help. 1- ) Consider a farmer who has access to a bond market where she can borrow or lend at the interest rate R. Assume also that her money holdings (nominal balances) and the price level stay constant over ...
Wednesday, September 28, 2011 at 12:03am
economics please help
Use the supply and demand model to explain what happens to the equilibrium price and the equilibrium quantity for frozen yogurt in the following cases. d.There is a sudden increase in the price of milk. im confused with this one.
Tuesday, September 27, 2011 at 1:54am
I'm trying to research for a paper about why we shouldn't have flat tax rate, and a reason that i'm seeing people putting online, is that a flat tax rate of say, 18% would decrease tax revenue? Can someone explain how? I don't understand how taxes work.
Monday, September 26, 2011 at 9:24pm
Can you please exlain to me if I'm wrong not just correct me. ps. Ceteris paribusor the following markets, show whether change causes a shift in supply curve, a shift in demand curve, a movement along the supply curve, and/or a movement along the demand curve. a.housing ...
Monday, September 26, 2011 at 4:21am
in economics a price is made up of what two things?
Sunday, September 25, 2011 at 4:52pm
United States Government
Which of the following would NOT be advocated by modern conservatism? a. Free markets b. Small governments c. Laissez-faire economics d. Welfare programs e. Reliance on tradition I would say Reliance on tradition. what say?
Saturday, September 24, 2011 at 5:12pm
Annual demand and supply for the Entronics company is given by: QD = 5,000 + 0.5 I + 0.2 A - 100P, ...
Friday, September 23, 2011 at 6:44am
A publisher of a new novel has spent $250,000 setting the type. The publisher must spend $1 million advertising the new book. It is now ready to print the book. For practical purposes, as many books as they like can be printed. In deciding how many copies to run, a. does the ...
Wednesday, September 21, 2011 at 9:35pm
Consider this statement: Conservationists want to save too many spotted owls. Use graphical analysis accompanied by a concise narrative discussion to explain circumstances under which this statement would be true. Make sure your graphs have clearly labeled axes and...
Wednesday, September 21, 2011 at 9:34pm
Several years ago, Nabisco spent $330 million building a facility in Brazil to produce Oreo cookies and Ritz crackers for sale in their South American markets. At a recent board meeting, managers at Nabisco were discussing closing the Brazilian plant because profits from South...
Wednesday, September 21, 2011 at 9:32pm
im learning about economics and the meaning of 3 economic systems traditional, command, market traditional i undestand as peooples ecomonic passed down from previoius generations, traditions decide what theses people do for a living and how work is done command the maid ...
Wednesday, September 21, 2011 at 6:30pm
social studies economics
identify and understand the meaning of 3 different economic systems: traditional, command , and market is there a website i can find this out
Tuesday, September 20, 2011 at 11:27pm
how did the middle class grow?
Tuesday, September 20, 2011 at 9:11pm
What economic impact does a recession have on the finances on a health care facility? On the health care system? Could you direct me to a web site
Tuesday, September 20, 2011 at 8:38pm
What is the difference between microeconomics and macroeconmics? Discuss and contrast the two therories. Do you have a web address that I can go on to get an answer for my question .
Tuesday, September 20, 2011 at 5:52pm
A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue so $10, average total cost of $8 and fixed cost of $200. a. what is the profit? b. what is the marginal cost? c. what is its average variable cost? d. is the ...
Tuesday, September 20, 2011 at 1:55pm
What is the difference between microeconomics and macroeconomics? Discuss and contrast the two theories.
Tuesday, September 20, 2011 at 7:58am
Is it possible for companies both to maximize financial value for shareholders and to act responsibly in the communities in which they operate, to treat their employees, customers, and suppliers well, and to engage in activities that are good for the environment? In your ...
Monday, September 19, 2011 at 2:16pm
Suppose the supply and demand for milk is described by the following equations: Qd=600-100P, Qs = -150+150P, where P is price in dollars . Qd is quantity demanded in millions of gallons per year. A. Create supply and demand tables corresponding to these equations. B. Graph ...
Monday, September 19, 2011 at 3:02am
Do you think lotteries have both micro and macro economic effects or only micro? How do lotteries change what and for whom goods and services are produced?
Sunday, September 18, 2011 at 5:20pm
Management & Econ
a) Explain why a short run average cost curve only touches the long run average cost curve at one point on the long run average curve. b) Define clearly the concept of returns to scale c)What are the two causes of the region of economics of scale for a long run average cost ...
Saturday, September 17, 2011 at 4:26pm
Management & Economics
a producer of light bulbs claims to have the folllowing production function: Q=10L*G. a) what is the marginal product of labor? or glass? b)Draw the relavant isoquant map and isocost line if the cost of labor is $4 per work-hour and the cost of glass is $4 per pound and 90 ...
Saturday, September 17, 2011 at 4:22pm
Why do long-run elasticities of demand differ from short-run elasticities? Consider two goods: paper towels and televisions. Which is a durable good? Would you expect the price elasticity of demand for paper towels to be larger in the short run or in the long run? Why? What ...
Friday, September 16, 2011 at 7:43am
suppose that the short run costs for a paintbrush manufacturer are given by the expression: TC= 100+2Q+.01 Q2 A. WAT ARE THE FIXED COSTS OF THIS MANUFACTURE? B. WHAT ARE THE TOTAL COSTS , AVERAGE COST, AVERAGE VARIABLE COST AND MARGINAL COST AT 50 AND 100 UNITS OF OUTPUT? C. ...
Thursday, September 15, 2011 at 7:18am
You have just started work for a small company, FitCo, that develops private fitness clubs in small towns. FitCo buys or leases a local hotel or motel, then renovates to provide a gym, swimming pool, sauna, Jacuzzi, and a small café where patrons can buy juices, ...
Thursday, September 15, 2011 at 2:08am
The # of kids who were vaccinated against the flu (x) and # of kids who currently suffer from flu.(y) Positive or negative correlation and x causes y or y causes x or both. I know it's negative correlation but not sure of causation? Help
Thursday, September 15, 2011 at 2:02am
Suppose that there is a common resource of size y in a two period society. Each of two citizens, one and two, can withdraw a nonnegative amount c1 or c2 for consumption in period one, provided that c1+c2 <=y . In the event that they attempt to consume in excess of what is ...
Wednesday, September 14, 2011 at 3:11pm
Consider a change in the table in Problem 2-3. The students set of opportunities is now as follows: Economics Biology 100 40 90 60 80 75 70 85 60 93 50 98 40 100 Plot this students production possibilities curve. Does the PPC illustrate increasing or decreasing ...
Wednesday, September 14, 2011 at 10:58am
2-4. Based on the information provided in Problem 2-3, what is the opportunity cost to this student of allocating enough additional study time on economics to move her grade up from a 90 to a 100?
Wednesday, September 14, 2011 at 10:57am
The following table illustrates the points a student can earn on examinations in economics and biology if the student uses all available hours for study. Economics Biology 100 40 90 50 80 60 70 70 60 80 50 90 40 100 Plot this students production possibilities curve. Does...
Wednesday, September 14, 2011 at 10:49am
Using the Mundell-Fleming model, compare and contrast the impact of monetary expansion with low capital mobility under fixed and flexible exchange rates.
Wednesday, September 14, 2011 at 9:25am
Jim buys only milk and cookies. a. In year 1, Jim earns $100, milk costs $2 per quart, and cookies cost $4 per dozen. Draw Jim's budget constraint.
Wednesday, September 14, 2011 at 7:57am
According to the rule for optimal input usage, a firm should hire a person as long as his or her marginal revenue product is greater than his or her marginal cost to the company. It is well known that many companies have management training programs in which new trainees are ...
Saturday, September 10, 2011 at 6:53am
what is tech rd
Thursday, September 8, 2011 at 5:42pm
when voluntary exchanges in the markets determine decisions on production and consumption, the society's economic system is a?
Thursday, September 8, 2011 at 11:12am
Spanish 1-Please check
How do you say the class of economics and the class of anatomy in Spanish. I think it is la clase de economis y la clase anatomis. Accent should be over both (i's)
Monday, September 5, 2011 at 11:30am
List and briefly describe the components of a marketplace.
Sunday, September 4, 2011 at 11:53pm
For example the productive needs of the firm would be to set (Marginal Revenue = Marginal Costs (MR = MC) and create excess profits for the firm. However, as far as what is in the best interests of society it might be Price or (Average Revenue) = MC. Give the answers of both ...
Saturday, September 3, 2011 at 7:30pm
How do minimum wages affect equilibrium price?
Saturday, September 3, 2011 at 7:18pm
Is it true or false? If supply of aproduct increases and demand for the product decreases, the equilibrium quantity will definitely change.
Thursday, September 1, 2011 at 11:44am
q = 5,000 - 100p tc= 10,000 - 10q plot the demand curve marginal revenue curve marginal cost curve profit maximising price, quantity, and profits
Thursday, September 1, 2011 at 7:26am
Between 1850 and 1950 the productivity of the average American farm worker
Wednesday, August 31, 2011 at 4:34pm
My teacher give an investigation. Topic is easay of poverty include characteristics of poverty and the causes of poverty. Please anybody who can help me, i'm ready for a help pleas by the grace of god i nead a help.
Wednesday, August 31, 2011 at 9:14am
Managerial Economics and Globalization
Describe how two Monopolistically competitive firms respond to the current macroeconomic conditions in terms of: stock performance, current/future revenue, current/future profits, labor costs,and hiring decisions.
Tuesday, August 30, 2011 at 1:08am
what is economic concept necessitating choices and priorities in any society?
Monday, August 29, 2011 at 2:45pm
Increasingly, employees are being allowed to choose benefit packages from a menu of items. For instance, workers may be given a package of benefits that includes basic and optional items. Basics might include modest medical coverage, life insurance equal to a year's salary...
Tuesday, August 23, 2011 at 10:07pm
Hi beautiful people! I'd like to know a good website where I can get practise essay topics for economics. I have to write a extended written response to stimulas exam soon and as this is a weakness I'd like to find some practise topics. Its on the aging population but ...
Monday, August 22, 2011 at 7:40pm
can you please send me an investigation into teaching and learning of home economics in junior secondary school pls urgently
Sunday, August 21, 2011 at 12:05pm
Economics/ Free Enterprise
What does thinking at the margin mean? Also what is the purpose of a decision grid?
Wednesday, August 17, 2011 at 7:20pm
Economics/ Free Enterprise
What is "Guns or Butter"? Also what is a Production Possibilities curve? I'm a bit confused. Thank you so much whoever is answering this question (:
Wednesday, August 17, 2011 at 7:08pm
Suppose two competitors, Coa, Inc., and Han, Inc., are locked in a bitter pricing struggle in the aluminum industry. In the limit pricing payoff matrix, Coa can choose a given row of outcomes by offering a limit price ("up") or monopoly price ("down"). Han ...
Monday, August 15, 2011 at 11:51pm
explain with a clear graph five factors that will change the supply of a product
Monday, August 15, 2011 at 10:38am
Explain why the cost structure associated with many kinds of information good and services might imply a market supplied by a small number of large firms. (At the same time, some Internet businesses such as grocery home deliveries have continually suffered steep losses ...
Saturday, August 13, 2011 at 2:13pm
I am in need of an example of a benefit cost analysis for renting a home versus buying a home.
Wednesday, August 10, 2011 at 12:18am
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 ...
Monday, August 8, 2011 at 5:49am
a firm faces the following. TC= 100-20Q+3Q^2 , TR=60Q-2Q^2 . Find (i) TFC , (ii) AC , (iii) AVC , (iv) MC , (v) AR , (vi) MR
Monday, August 8, 2011 at 2:26am
Are organizations more risk adverse or individuals more risk adverse? Is one more risk tolerant? Use economic theory to explain your position.
Thursday, August 4, 2011 at 2:02am
I need help with my economics with calculating the NPV of the cash flows expected in 2006-2010 using only the 2005 Cost of Capital (dont worry about increasing costs of capital). Calculate the NPV of the cash flows using the CASH FLOW figures at the bottom of the ...
Monday, August 1, 2011 at 8:18pm
Finance and Economics
Calculate the NPV of the cash flows expected in 2006-2010 using only the 2005 Cost of Capital (dont 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 ...
Sunday, July 31, 2011 at 7:27pm
1. When McDonalds Corp. reduced the price of its Big Mac by 75 percent if customers also purchased french fries and a soft drink, The Wall Street Journal reported that the company was hoping the novel promotion would revive its U.S. sales growth. It didnt. Within ...
Sunday, July 31, 2011 at 6:20pm
What are the roles of Hayek and Keynes' theories in the economy right now?
Friday, July 29, 2011 at 12:04pm
If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What condition would encourage research and development in competitive industries?
Friday, July 29, 2011 at 12:27am
For each event, illustrate the impact on the relevant market and determine what will happen to the equilibrium price and quantity in that market. (40 points 10 points per line item) Event Market for: Show which curve shifts Equilibrium price rise or fall? Equilibrium ...
Thursday, July 28, 2011 at 9:52pm
The main reason producers make things is to A. make a profit on them. C. help the economy. B. overcome shortages. D. pay taxes
Thursday, July 28, 2011 at 7:43pm
Assuming the inverse demand function for good Z can be written as P = 90 - 3Q, when Q is equal to 5, average revenue and marginal revenue are equal to ________ and ________. Choose one answer. a. $75; $75. b. $75; $60. c. $60; $60. d. $85; $85.
Thursday, July 28, 2011 at 6:25pm
Unable to find any info to answer my question I recently posted about.. role of economic theory in the way economics are run today & no clue found as to concrete examples of same...went thru all your sites you suggested and looked many, many sites involving economic theory......
Wednesday, July 27, 2011 at 11:47pm
A village has n fishermen who exploit the sea nearby and sell their catch at market price (assumed constant). The extraction technology displays decreasing returns to scale and is a=e^-1/2 where e is the total effort. 1) What is the optimal behavior for the village? 2) What is...
Wednesday, July 27, 2011 at 9:24pm
What are the main questions that the Commanding Heights series is posing about globalization and economics and how does it fit into the concept of development?
Wednesday, July 27, 2011 at 2:50pm
What are some ways that the lack of development in the world affects us?
Wednesday, July 27, 2011 at 2:04pm
Should development around the world be a higher priority to the rich countries?
Wednesday, July 27, 2011 at 1:41pm
Annual demand and supply for the Entronics company is given by: QD = 5,000 + 0.5 I + 0.2 A - 100P, and QS = -5000 + 100P where Q is the quantity per year, P is price, I is income per household, and A is advertising expenditure. a. If A = $10,000 and I = $25,000, what is the ...
Wednesday, July 27, 2011 at 11:22am
What is the role of economic theory in the way economies are run today? Give some concrete examples.
Wednesday, July 27, 2011 at 10:48am
A clear explanation of the consequences of this human factor
Wednesday, July 27, 2011 at 3:26am
1. Pick a business that you are familiar with and list three (3) fixed and (3) variable inputs associated with that business. 2. What are some things that you think that business could do to reduce their costs? Why?
Monday, July 25, 2011 at 10:47am
At a management luncheon, two managers were overheard arguing about the follow- ing statement: A manager should never hire another worker if the new person causes diminishing returns. Is this statement correct? If so, why? If not, explain why not.
Sunday, July 24, 2011 at 3:54pm
Gear strategy has managed to improve the livelihood of the poor in south africa.
Sunday, July 24, 2011 at 2:03pm
can anybody answer my two recent question of manegerail economics? Which i have sent recently math questions?
Sunday, July 24, 2011 at 2:36am
The Money Multiplier (MM) is exemplified. Why do you think the FED evaluates the money multiplier when making decisions with regard to the money supply? What function does the money supply serve in our economy to influence certain economic variables? Why does the FED like to ...
Friday, July 22, 2011 at 2:21pm
Are the benefits of free trade worth the losses for some?
Tuesday, July 19, 2011 at 2:47pm
What is the effect on the price of hotdogs and the quantity of hotdogs sold if: a.) The price of a hamburger rises? b.) The price of a hotdog bun rises? c.) The supply of hotdog sausages increases? d.) Consumers' incomes increase if hotdogs are a normal good? e.) The wage ...
Sunday, July 17, 2011 at 11:47pm
Discuss the statistical significance of the parameter estimates a, b, c, and d using the p-values. Are the signs of b, c and d consistent with the theory of demand?
Sunday, July 17, 2011 at 10:44pm
If the society had the first income distribution, what would be the utilitarian argument for redistribution income?
Saturday, July 16, 2011 at 11:18pm
I just want to have a further or simple explanation on supply and demand curve, when do we say that the supply curve or the demand curve is ambiguous? It is when you have determined if it is an increase or decrease. Can you cite some examples of graphs. Thanks
Saturday, July 16, 2011 at 5:49am
Twenty first century electronics has discovered a theft problem at its warehouse and decided to hire security guards. The firm wants to hire the optimal number of security guards. The following table shows how the number of security guards affects the number of radios stolen ...
Monday, July 11, 2011 at 7:01pm
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 additional capital equipment is MC = 40P where P ...
Monday, July 11, 2011 at 6:00pm
HOW DID AGRICULTURE CONTRIBUTE TO ECONOMICS,ECONOMIC DEVELOPMENT,REGIONAL SPECIALIZATION, AND SOCIAL REFORM FROM 1780 TO 1850'S?
Monday, July 11, 2011 at 12:26pm
2. Lucy quits a $50,000 job to open her waffle business. She makes $225,000 in revenue from her first year of waffle sales. She pulls $50,000 out of an account that returns 3% interest per year and invests the entire amount in her business. She also borrows $50,000 at 10% ...
Saturday, July 9, 2011 at 11:15pm
The lost interest from the savings she used to start her business. -- is this an implicit or explicit cost? Is this a fixed or variable cost?
Saturday, July 9, 2011 at 11:03pm
At an initial point on the aggregate demand curve, the price level is 100, and real to GDP is $15trillion. After the price level rises to 110, however, there is an upward movement along the aggregate demand curve, and real GDP declines to $14 trillion. If total autonomous ...
Saturday, July 9, 2011 at 11:21am
Suppose that Congress enacts a lump-sum tax cut of $750 billion. The marginal propensity to consume is equal to .075. Assuming that Ricardian equivalence holds true, what is the effect on equilibrium real GDP? On saving?
Saturday, July 9, 2011 at 11:19am
Engineering Economics Essay 1: You wish to purchase a home for $150,000 and you can put down 10% of this price as down payment. You can get a 20 year fixed rate mortgage loan for 6.0% with no points. You can optionally decide to pay 2 points to bring the mortgage rate down to ...
Saturday, July 9, 2011 at 8:11am
Engineering Economics Essay Question: You wish to purchase a home for $150,000 and you can put down 10% of this price as down payment. You can get a 20 year fixed rate mortgage loan for 6.0% with no points. You can optionally decide to pay 2 points to bring the mortgage rate ...
Saturday, July 9, 2011 at 8:09am
company A plans to purchase a packaging machine worth 5 million to further fast and up the packaging of their product brand X. the purchase is intended to boost up the loosing sale of the said product which makes 10000 per year. the target of the company is to increase the ...
Friday, July 8, 2011 at 10:02pm
Equilibrium is defined as the price at which the quantity demanded and the quantity supplied are equal. In the short run, equilibrium does not always occur. What terms describe disequilibrium? How is subsequent equilibrium re-established
Friday, July 8, 2011 at 8:00pm
Discuss the role of advertising in product differentiation and the intent of advertising in altering the firms demand curve
Wednesday, July 6, 2011 at 10:39pm
How does economy relate to social studies?
Wednesday, July 6, 2011 at 4:58pm
What is the role of economic theory in the way economies are run today? I need some concrete examples.
Wednesday, July 6, 2011 at 1:18am
economics- free trade.
What are the advantages and disadvantages of free trade?
Tuesday, July 5, 2011 at 7:53pm
1. why is the subject of managerial economics relevant to problem of global warming? 2.explain with examples why it is important for managers to have good theories
Tuesday, June 28, 2011 at 3:54pm
. Describe the conditions that constitute a famine. Why does Amarty Sen say that famines are caused more by politics and economics than by natural disasters?
Monday, June 27, 2011 at 4:09pm
1. Suppose that you were head of a family planning agency in India. How would you design a scientific study to determine the effectiveness of different approaches to population stabilization? How would you account for factors such as culture, religion, education, and economics?
Sunday, June 26, 2011 at 8:23pm
The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firms output is $25. The cost of other variable inputs is $400,000 per day
Saturday, June 25, 2011 at 11:07pm
Q = 400 - 20p TC = 10 + 5q + q2 Calculate the following: Profit max price Profit max quantity TR, TC, Profit, and the elasticity at profit max q and p.
Saturday, June 25, 2011 at 2:34pm
Assume that there is a perfect competition market for a good X. If one supplier all of a sudden wins the lottery and buys all the other firms that make good X and turns this market into a monopoly. Describe to me the difference in price and total output for good X between the ...
Saturday, June 25, 2011 at 10:50am
Economics - Short run profit maximization
Given the following for perfectly competitive firm that has short-run cost structure Output Marginal Cost 1 $10 2 $5 3 $12 4 $23 5 $40 Total fixed costs are $20 and the market price of the product is $25 per unit. How much output should the profit-maximizing firm produce (if ...
Saturday, June 25, 2011 at 9:05am
What are the potential costs of adopting a free trade regime? Do you think governments should do anything to reduce these costs? What?
Friday, June 24, 2011 at 7:29pm
Assume a monopolist with the following demand and cost relationships. Q = 400 - 20p TC = 10 + 5q + q2 Calculate the following: Profit max price Profit max quantity TR, TC, Profit, and the elasticity at profit max q and p.
Thursday, June 23, 2011 at 3:41pm
You are a painter, and the price of a gallon of paint increases from $3.00 a gallon from 3.50 a gallon. your usage of paint drops from 35 gallons a month to 20 gallons a month. perform the following: 1. compute the price elasticity of demand for paint and show your ...
Sunday, June 19, 2011 at 7:18pm
A large firm has two divisions: an upstream division that is a monopoly supplier of an input whose only market is the downstream division that produces the final output. To produce one unit the final output, the downstream division requires one unit of the input. If the ...
Wednesday, June 15, 2011 at 6:58pm
Assume that it takes four hours of labor time to paint a room and three hours to sand a floor. If all 24 hours were spent painting, how many rooms could be painted by one person? If a decision were made to sand two floors, how many painted rooms would have to be given up? ...
Wednesday, June 15, 2011 at 3:02pm
How do the balance of payments figures compare with those for 2007 in Table 15.4?
Monday, June 13, 2011 at 2:26pm
the most significant thing to learn about the differences between social, political and economics systems in the world ???????
Sunday, June 12, 2011 at 1:26am
Does anybody know what factors I can research that result in economic stratification? I can't find much from google, don't know what to look up.
Saturday, June 11, 2011 at 11:52pm
Which tax is usually the most regressive ?
Saturday, June 11, 2011 at 6:03pm
what is a 401k
Wednesday, June 8, 2011 at 7:03pm
Risk rate is 2%, expected inflation rate is 3%, what is the nominal interest rate?
Wednesday, June 8, 2011 at 6:51pm
If the labour supply curve is nearly vertical, a tax on labour 1. has a large deadweight loss. 2. will raise small amounts of tax revenue. 3. has little impact on the amount of work workers are willing to do. 4. will raise small amounts of tax revenue and it has little impact ...
Monday, June 6, 2011 at 10:08pm
am i right? Assume that Carol cleans Dawn's house weekly for $80. Dawn would be willing to pay as much as $100 weekly to have his house cleaned. Carols opportunity cost is $70. If Carol cleans Dawn's house, the producer surplus is 1. $80. 2. $70. 3. $100. 4. $10...
Monday, June 6, 2011 at 10:07pm
Explain the entities affected by industrial regulation in terms of market structure
Saturday, June 4, 2011 at 3:57pm
12. The main economic variables that affect business cycles include all the following EXCEPT. A. Interest rates B. External Events C. Personal Savings levels D. Business investments levels
Tuesday, May 31, 2011 at 1:30pm
9. During the 1990's the inflation and unemployment trends in the United States changed. What was unusual in the 1990s? A. Unemployment reached very high levels but inflation fell to less than five percent B. although inflation remained at less than three percent, ...
Tuesday, May 31, 2011 at 1:26pm
21. How do fears of future economic problems affect GDP? A. Businesses will invest more money in the short term to ensure higher profits in the future; GDP will be pushed up. B. Consumers will spend more money in the short term to prevent future economic problems; GDP will be ...
Tuesday, May 31, 2011 at 1:23pm
22. An economy that experiences decreasing real GDP and increasing prices is said to suffer from? A. recession B. depression C. a business cycle D. stagflation
Tuesday, May 31, 2011 at 1:21pm
Concern about international crisis has caused consumers to save their money and postpone big purchases. What is the effect on aggregate demand and aggregate supply? A. No change B. Aggregate supply will decrease, raising the price level and lowering real GDP C. Aggregate ...
Tuesday, May 31, 2011 at 1:19pm
A POEM ON OUR CROPS
Tuesday, May 31, 2011 at 9:02am
A POEM ON OUR CROPS
Tuesday, May 31, 2011 at 9:02am
4. What source of economic growth is reflected in the economy by an increase in productivity without an increase in land, labor, or capital? A. technological progress B. foreign trade C. population growth D. savings and investments
Monday, May 30, 2011 at 10:37pm
Hi. Okay so a nominal penny is a placeholder that is used to evade giving the real EPS? Another place says the EPS for Virgin Blue is betweeen 18 and 19c. Do you think I should ditch comparing Qantas to VIrgin Blue and instead compare historical? If so how long ago would be ...
Saturday, May 28, 2011 at 11:30pm
HI When I analyise the competitor, I cannot find the EPS for Virgin Blue Holdings on the finance link of the website you gave me.
Saturday, May 28, 2011 at 4:44pm
Hi My three criterion are now, if the share is blue-chip or not, the companies PE and its comparison to the S&P/ASX200. Regarding the companies I have compared it to a rival companies PE, I said that it is good that its PE is higher than the other company but it is still a bad...
Saturday, May 28, 2011 at 3:24pm
Economics REALLY URGENT!!!!!
Hi my assignment is due like TODAY. I need three simple criterion to evaluate whether it is good to buy shares in a company. So far I have the profability of shares, the potential for a share to be blue-chip but I am lacking a third. I'm stuck because I have already ...
Saturday, May 28, 2011 at 12:29pm
which of the following factors will not lead to a decrease in demand for a good? A) an increase in the price B) a decrease in the price of substitute products C) An unsuccessful advertising campaign for the good C) a decrease in the consumer incomes I think it is B, but the ...
Friday, May 27, 2011 at 12:24pm
(iii) Bright Future, Ltd (BF) is a nonprofit foundation providing medical treatment to emotionally distressed children. BF has hired you as a business consultant to design an employment policy that would be consistent with its goal of providing the maximum possible service ...
Thursday, May 26, 2011 at 7:40am
The accompanying table shows a car manufacturers total cost of producing cars: Qty |TC| Variable Costs| Avg. Var. Costs| Avg. Total Costs| Avg. Fixed Costs 0 |$500,000| ---- | ---- | ---- |---- | 1 |540,000 | 2 |560,000 | 3 |570,000 | 4 |590,000 | 5 |620,000 | 6 |660,000...
Wednesday, May 25, 2011 at 10:12pm
For Further Reading