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Which of the following health behaviors would you least like (worst) your children (age under 17) to do? In the process of making a decision weigh the legal, physical, emotional, financial consequences of each life style activity. Rationally defend your forced choice of the behavior.
1. Drink two (2) drinks before dinner every night
2. Smoke pot twice a week
3. Smoke 1/2 pack of cigarettes a day
The demand for cartons of cigarettes is Q = 1200 – 10P and the supply of cartons of cigarettes is Q = 20P. Suppose the federal government levies a $10 per-carton-tax on sellers for every carton they sell. What is the statu tory incidence for the $10..
What would be the new equilibrium in this economy if Investment increased by $12.
Suppose in the United States, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. In the United Kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. Find the opportunity cost of both go..
A peanut supplier is new to sponsorship and wants to get an outside opinion on the advantages of signage in baseball stadiums. Which company gives advertisers a read on the impact of various signs at various sporting venues?
These costs are rising at 7% annually. It will be 18 years until Johnny goes to college. Johnny will attend college for 5 years. What are the total costs?
Using the mid-point method, calculate the price elasticity of demand from Point A to Point B. Show the steps of your calculation. Suppose John operates his sandwich stand at the portion of the demand curve between Points A and B. If John would like t..
An industry has two firms, each of which produces output at a constant unit cost of $10 per unit. The demand function for the industry is q(p) = 1,000,000/p. Give the best-response function for each firm. What is the Cournot equilibrium price for thi..
What is the difference between cash flow, profit, and net income?
interest and the remainder was principal. Annual depreciation is $38,095. What is the taxable income?
When Sprint announced a price discount plan designed to induce small firms to use its services, the price of its slick immediately declined. Why do you think the stock market reacted negatively to Sprint's plan to attract new customers?
Explain the Law of Demand. What are their assumptions? What are demand curve shifters and what causes them to shift? What is market equilibrium? What might keep the market from moving all the way to that equilibrium point? “Price control can be more ..
Last year, $100 million in outstanding bank loans to a developing nation’s government were not renewed, and the developing nation’s government paid off $50 million in maturing government bonds that had been held by foreign residents.
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