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Explain what is represented by the slope of the budget line and the slope of the indifference curve. How does an increase in income affect the slopes?
Suppose the economy were very strong and unemployment very low. Wages after inflation rise for most Americans by about 3% and for highly skilled workers by 7%. The stock market soars and home prices rise dramatically.
Let the inverse demand curve be p(q) = a − bq. Suppose there are two firms, with constant marginal cost equal to C. What are the equilibrium strategies of the two firms under the assumption the entire market is served.
a) What is a Commodity Market; state the three (3) investment characteristics of commodities.
if government regulates the maximum price monopoly can charge at $23: What is the monopoly’s regulated demand curve? monopoly’s regulated MR curve? Regraph the chart here and mark these curves in different colors. What is monopoly’s regultated output..
Using the notion of economies of scale explain why specialised service suppliers
Should there be restrictions to lower consumer cost and how much of their profit should be reinvested into research and development?
Why would a central banker be motivated to cause a political business cycle?
Calculate the equilibrium level of employment:
Professor Raj Chetty, an economist at Harvard University, and his many col- laboratorive studied upward mobility in the United States. The map below (Figure 1)
Assess the external threats affecting this corporation and the opportunities available to the corporation. Give your opinions on how the corporation should deal with the most serious threat and the greatest opportunity. Justify your answer. Give your..
A company is producing 15,000 units. At this output level, marginal revenue is $22, and the marginal cost is $18. The firm sells each unit for $48 and average total cost is $40. What can we conclude from this information?
banking on the chinese internet.net bank limited is a start-up internet bank seeking to develop a worldwide clientele.
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