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The Go-Fast Car Company (GFCC) has a large excess in inventory of two paint colors (G1 and G2). The first color (G1) has 11 percent blue paint and 89 percent green paint. The second color (G2) has 22 percent blue paint and 78 percent green paint. Marketing has suggested that customers are satisfied when there is at least 18 percent blue paint in the mixture. If the cost of G1 is $7.50/gallon and the cost of G2 is $13.50/gallon A. what percentage of G1 can be mixed with G2 and still satisfy the customers? B. What is the resulting paint cost per gallon?
Draw his budget constraint in terms of S and T. What is the slope of the budget constraint and how does it relate to the relative price.
Illustrate why does the GDP deflator give a different rate of inflation than does the CPI. Illustrate what is the difference between a medium of exchange and a store of value.
both the short run and the long run assuming that the government takes no action in response to the oil price increase.
Assume that Densa Inc. falls 10 percent short of producing the profit maximizing output. Would a higher product price lead to greater output
Explain your first instinct is to call the trade representative of your country to lobby against the import quota. Is following through with your first instinct necessarily the best decision.
Illustrate what are the main determinants of the amount of excess reserves held by banks. Illustrate what is the primary determinant of deposits and the money supply in the long-run.
Supposre that there are equal numbers of each customer type, and that the MC of the iphone is $100."
Illustrate what will be the effect of the different tools of fiscal approach to stabilize the economy
How much deadweight loss does Great Reception causes when it restricts output and charges a price above marginal cost.
From the supply and demand schedules, from Belgium what are the equilibrium price also quantity of cocoa beans.
sales in joint facilities are lower than sales in two separate facilities. Elucidate what do these numbers imply for the decision of when to open a shared facility versus two separate facilities.
Elucidate how the relative composition of M1 changed since 1965. Do your best to explain why this change has occurred.
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