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A bloom is an explosive growth of a population, and given the optimal environmental conditions and ample nutrients, cyanobacteria populations may bloom. What are the consequences of such an event and what are the effects of the day-night possible cycle?
What can this model help us explain that strict endogenous and neoclassical growth models cannot?
(a) What does the Markov inequality say is an upper bound on the probability that you roll a 5 or greater?
Which auction should you choose to maximize your profit? The first-price bidders shade their bids by 20% of their evaluation of its value. The second-price bidders all utilize the optimal strategy for second price auctions stated in the textbook.
In a monopolistically competitive market, the government applies a specific tax of $1 per unit of output. What happens to the profit of a typical firm in this market? Does the number of firms in the market change? Why?
total output increases from 100 units to 110 units per week. Suppose the market price of output is $25 per unit. What is the maximum weekly wage at which the firm would hire that additional worker
An asset for drilling was purchased and placed in service by a petroleum production company. Its cost basis is $60,000, and it has an estimated MV of $12,000 at the end of an estimated useful life of 14 years. Compute the depreciation amount in th..
CONSIDER AN ECONOMY IN WHICH THE CONSUMPTION FUCTION TAKES THE FOLLOWING SIMPLE ALGEBRIC FORM C=300 +0.75 DI AND IN WHICH INVESTMENT (I) IS ALWAYS 900.00AND THE NET EXPORTS ARE ALWAYS -100.00
It is common for supermarkets to carry both generic (store-label) and brand-name (producer-label) varieties of sugar and other products. Many consumers view these products as perfect substitutes, meaning that consumers are always willing to substi..
In 1994, the marginal cost of producing the Power Mac was about $1500 per unit, and a rough estimate of the monthly demand curve was: P= 4500-.15Q. At the time, what was Apple's optimal output and pricing policy
Suppose that a monopolist is selling in two distinct markets each sheltered from the other, and the marginal revenue of each product is given below and the marginal cost of each is the same as indicated. How much of each good will the firm produce..
Consider the Harrod-Domar model. Suppose that initially, an African country's capital-output ratio (k) is 5, and the savings rate (s) is 12%. a). What will be the initial GDP growth rate b). Suppose that technological advances cause the capital-out..
If unions become able to restrict the supply of labor in the union sector, indicate what would happen in both the union and nonunion sectors.
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