Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose that there are 2,000 units of a non-renewable resource available over two periods. Demand in each period is given by P = 4,000 - Q. Marginal Cost is a constant $200 in each period. The discount rate is 10 percent.
a. What is the dynamically efficient allocation of the 2,000 units of the resource, and what will be the price of the resource in each period?
b. Suppose that the basic setup of the problem remains the same, except that now the discount rate rises to 25 percent. Re-compute the dynamically efficient allocation of the 2,000 units of the resource including the price each period.
c. On one graph illustrate your answers to parts (a) and (b).
d. On your graph from part (c) show the marginal user cost of the resource explaining what this means and why it differs as the discount rate changes.
Consider Bob, he washes his car by hand rather than taking it to the local car wash. When asked why he washes it by hand, Bob explains "you should never pay for something you can do yourself." Evaluate the validity of Bob's statement.
Recent innovations allow us to rely less on checkable deposits and more on nontransactions accounts such as bank CDs. Although such accounts are desirable because they are less liquid from the depositors' point of view, we must draw customers t..
you need to responses to this questions about acawhat provisions of aca are intended to reduce or increase directly the
choose one 1 of the following organizations to research google zappos southwest hewlett packard xerox w.l. gore dupont
Suppose you are to specify a short-run total variable cost function for a nursing home. Explain the variables you would include in the function.
draw an aggregate production function with typical shape and label it f. make sure to label the axis of the graph. now
How much excess reserves does the bank hold and how much more can this bank lend - What is the required reserve ratio?
What is the probability that the sample mean will be more than 9.0%
Suppose the price that year rose by 8% and the real rate of return in the stock market was 4%. Your friend says she or he was being more than fair giving you more than the rate of inflation as a return, What do you think and Why?
Innovation lagged in the centrally planned economies because: there was too much domestic business competition. there was too much competition from foreign firms. A positive statement is one which is:
Thomas Malthus’s gloomy predictions for the future of humanity led ‘economies’ to be called a ‘dismal science’. Show either through the mathematics of production functions or intuitively.
If the demand for a good falls by less than the supply of the good rises, then equilibrium price will and equilibrium quantity will . Decision making "at the margin" means making a choice based on of a decision.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd