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Question: Productive efficiency and allocative efficiency are two concepts achieved in the long run in a perfectly competitive market. These are the two reasons why we call them "perfect." How would you use these two concepts to analyze other market structures and label them "imperfect?"
ECO5000 Assessment Questions/Problems. An ice cream factory has set up shop in town. Briefly explain the sunk cost fallacy
What is shirking? If the managers of a firm are attempting to maximize its profits, will they have an incentive to limit shirking? How might they go about doing so?
1. As an extra tractor lead to an increase in revenue for a farmerin successive years of £500, £4000, £3,000, £3,000 and £1,000, after which the tractor is sold for £1,000. Assuming that the first revenue is treated as current and the interest rate i..
Assume the annual cost of capital is 10% of the total investment( this represents annual fixed cost of the initial investment). At what production quantity per year would the brewery be indifferent between the two investment opportunities.
Find the equilibrium interest rate in the money market. Find the AE curve as a function of Y and P. Set AE=Y to find goods market equilibrium. Your answer should be an equation with Y as a function of P
What problems can inflation cause in an economy? Which policy tool or combination of policy tools would work best to contain inflation? Does the policy tool or combination of policy tools differ in case of low inflation?
Define the factors that shift the ppc outward during ww2
If a firm charges less than the market price, it loses potential revenue. If a firm charges more than the market price, it loses all its customers to other firms.
Affect resource conservation and the speed of depletion?
What choice of payment systems will be used and how you will address privacy and other relevant ethical concerns - how you will address legal issues connected with the e-commerce business
Define unemployment spell and duration. What are the two seemingly contradictory facts about unemployment spells? Why are two facts not actually contradictory?
you have 2000. the current interest rates on dollar and pound denominated deposits for 180 -day maturity are i 0.02 2
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