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Which of the following is an example of implicit cost for a firm?
a. the value of time worked by the owner
b. any wages and salaries paid to the employed?
c. forgone rent on property owned by the firm
d. both a and c
e. all of the above
Explain how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated
The interest rate effect of the price level is reflected in: Changes in aggregate demand can be caused by changes in: The classical model of the price level is associated with: A decrease in the money supply is likely to cause:
Why do governments prefer to avoid excessive current account surpluses? Or, why are growing domestic claims to foreign wealth ever a problem?
q.consider two countries japan and korea. in 1996 japan experienced relatively slow output growth 1 while korea had
Suppose that OPEC raises oil prices by 50 % in 1998. What effect will this have on the US aggregate demand curve? On the US short run aggregate supply Curve?
How is elasticity related to revenue. How is diminishing marginal returns related to cost. How are revenues and costs related to profit.
Espn currently pays the nfl$1.1 billion per year for eight years for the right to exclusively televise Monday night football. What is the net present value of this investment if the parent Disney company has an opportunity interest rate equal to its ..
Suppose that the production function is y=ka, where y and k denote production per unit of effective labor and capital per unit of effective labor, respectively. Suppose also that the saving rate, the depreciation rate, the growth rate of the populati..
What if the monopolist charged P= $5.50 for the first 3 units of the commodity and P= $4 for the next 3 units What type of price discriminiation is this?
Elucidate why general level of wages in the united states and other industrially advanced countries. What is the single most important factor underlying the long-run increase in average real-wage rates in the united states
Suppose that two Cournot duopolists serve the Peoria-Dubuque route, and the demand curve for tickets per day is Q=200-2p (so p=100-Q/2). Total costs of running a flight on this route are 700+40q where q is the number of passengers on the flight. Each..
Describe one or more specific examples of how businesses you know are using one-to-one communication to build a stronger relationship with you. (Note: Often these are little things done to build rapport and loyalty
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