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A power station is on one side of a straight river which is five miles wide, and a factory is on the other side, 20 miles up-river. A power line is to be run from the power station, under the river to some point A, which is x miles upriver from P, and then over land to the factory (see Fig. 27). If it costs $80 per mile to run the line under water and $50 per mile to run it overland, estimate x, the point on the other side of the river where the power line comes out of the river, if the total cost of the power line is to be as small as possible (a sketch of the grap-or a table may be useful)
Draw an aggregate demand and supply diagram for Japan.
Although self-employed workers have the option to purchase private health insurance, many do not, due to adverse selection. Suppose half the population is healthy and half is unhealthy. The cost of getting sick is $1000 for the healthy and $10,000..
Data is collected by tracking specific individuals orsubjects over time and across subjects. What is the categories that differentiate the nature of data
Suppose the following equations are true: Production Function: Q = K1/3L2/3, which means MPK = 1/3K-2/3L2/3,MPL = 2/3K1/3L-1/3 MRTS = 2(K/L) Total Cost = rK + wL r = .2 w = $5
at a student cafeacute there are equal numbers of two types of customers with the following values. the cafeacute owner
Suppose that fixed costs increase by $50 but the prevailing market price remains unchanged. Using algebra determine the effects of this change in cost on the profit maximizing output and the optimal profit. Algebraically calculate the profit maxim..
In what ways did their answers to these questions agree or disagree with those provided in major economics textbooks published today? Your essay must identify at least two "major questions" and include references to each of these economists (alth..
After analysis of the business, the manager has determined that weekly demand can be approximated by Q = 25,000 - 1000P. The firm's cost function is C = 25,000 + 13Q + .002Q2, where Q is output per week. Determine the profit maximizing price and ou..
The EPA tests vehicles for gasoline mileage under stringent testing conditions. The testing for a particular make and model of mid-sized SUV involved 35 vehicles submitted by the manufacturer. Assume the vehicles submitted for testing constitute a..
Suppose that for every 10 new cars sold by new-car dealers, 9 are plums and only 1 is a lemon. Why is the equilibrium mix in the used car market different from the mix of new cars sold?
The owner of an Italian restaurant has just been notified by her landlord that the monthly lease on the building in which the restaurant operates will increase by 20 percent at the beginning of the year.
In the movie, the Soviet Union did not inform the United States that the device had been deployed. Why was this a really bad strategy?
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