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Boyle s law for gasses states that PV = constant where P is the pressure in pounds per square inch (psi) and V is the volume of the gas. For a particular gas it is known that when the pressure is 10,000 psi, its volume is 4 cubic inches. If the volume is increasing at 8 cubic inches per second, find the rate at which the pressure is changing when the pressure is 20,000 psi.
Can an increase in ι make the South worse off? Explain the intuition for this result.
Your marginal cost for producing a Hair Grow pill is $1. What is the profit-maximizing price and quantity? What is your profit? Suppose your production facility can only produce 1,000,000 pills. What is your optimal price and quantity given the ..
think of one situation in which the Government is actively involved with the purpose of changing an outcome in the appropriate market. Do you agree that the Government should be involved? Why or why not?
Suppose the price of a Cup O' Soup now rises to $2. Using the diagram from part (a), show the consequences of this change in price. Assume that our student now spend only 30 percent of his income on dining hall meals.
They decide to import 50,000 more. The government buys 25,000 cars for its police force, and 10,000 cars are bought by companies to transport employees to other locations to work. They also export 65,000 cars to nearby countries for sale. How woul..
This means the full cost of each shirt is $1.25. Calculate the socially optimal number of shirts to be cleaned.
if two of the three bidders collude, what is the price?
The inverse market demand in a homogenous-product Cournot duopoly is P = 100 - 2(Q1 + Q2) and costs are C1(Q1) = 12Q1 and C2(Q2) = 20Q2. a. Determine the reaction function for each firm. b. Calculate each firm's equilibrium output.
You just inherited $10,000. while you plan to squander some of it away, how much should you deposit in an account earning 5% interest per year if you'd like to have $10,000 in the account in 10 years
the new mayor has pledged to reduce air pollution and the only source of air pollution in the city are two cement
The demand curve for the new computer game, Rock and Roll Trivia, is given as follows Q= 200 - 5P - .1Pc - .5Pd + .2A -I, What is the price elasticity of demand
Gina was in a garage band when she was in high school, and the only time they could find to practice was on Saturday morning (much to the dismay of her neighbors.) Suppose the band received $49 in internal benefit (i.e., happiness) from practicing..
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