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Problem
1. You are working as a private math tutor to raise money for a trip during spring break. First explain why the price elasticity of demand for math tutoring might be elastic. Then explain why the price elasticity of demand for math tutoring might be inelastic.
2. You are working as a private math tutor to raise money for a trip during spring break. You want to raise as much money as possible. Should you should increase or decrease the price you charge? Explain.
At the market equilibrium, calculate the price elasticities of supply and demand. Use the elasticity values to find the tax incidences from a specific tax
What single sum of money at t = 4 is equivalent to receiving $5,000 at t = 1, $5,800 at t = 2, $7,300 at t = 3, and $8,200 at t = 4 if money is compounded at a rate of 11.5% per time period?
Explain why there is an inverse relationship between the price of bonds and the relevant interest rate. Explain the effect of each of the following upon interest rates and upon the price of bonds:
Essay addressing the following points: 1. Economic effects of food dumping (Public Citizen)a. Driving down world pricesb. Eradicated food2. How does food dumping contribute to poverty?
Suppose that customers arrive at a checkout counter at a rate of two per minute. What are the mean and variance of the waiting times between successive customer arrivals?
If the Fed lowers the federal funds rate using an open market sale, what will be the effect on other interest rates? The exchange rate? Money and bank loans? Long-term real interest rate? Expenditure plans? Aggregate demand? What are the benefits of ..
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Determine the wind pressure distribution on the four sides of the 10-story hospital shown in Figure. The building is located near the Georgia coast.
What are the sources of national and international economic growth? Who benefits from such growth and why? Why do some countries make rapid progress toward development while many others remain poor? (Chapters 2, 3, and 4)
What do you think it would be to work for Google? In what ways might Google’s HR function have an impact on you as an employee there in terms of making your work experience better?
1. describe and explain the budget constraint. how does a consumer maximize utility under a given budget constraint?
Compare and contrast micro-economics and macro-economics. Provide examples where necessary.
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