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Find the stresses in members BC and BE for the truss shown. The crosssectional area of each member is 4:2 in: 2. Indicate whether the stresses are tensile (T) or compressive (C).
Calculate the total revenues for each price-quantity demanded combination (for example, if one were sold at $5, the total revenue would be $5). What happens to total revenue as price goes down in the elastic portion of the schedule
Consider a static, Arrow-Debreu economy with N=2 states. Suppose that the market is complete and let P and 1-P be the price of the two Arrow-Debreu securities, b(1)=(1, 0), and b(2)=(0, 1), respectively.
x is the amount spent in product A. y is the amount spent on product B. Assume that the consumer that the consumer has $10 to spend on A and B, that is x+y=10. How much utility will the marginal dollar yield
What is the equivalent present value of the following series of payments: $7000 the first year, $6500 the second year, $6000 the third year, $5500 the fourth year, and $5000 the fifth year The interest rate is 10%, compounded annually.
Explain this tendency of industrial clusters to break up in terms of the theory of external economies.
A privately owned summer camp for youngsters has the following data for a 12-week session. Charge per camper $480 per week Fixed costs $192,000 per session Variable cost per camper $320 per week Capacity 200 campers
Draw a figure showing the demand curve and the supply for apartments. What is the market equilibrium rental price per month and the market equilibrium number of apartments demanded and supplied?
Big State U charges in-state and out-of-state student's different tuition rates. In-state students pay $2,000 a term and respond according to the following demand equation: Qi = 25,000 - 3Ti Where Qi is in-state student enrollment and Ti is in-stat..
Draw a graph to show the effects of the maximum price on the gasoline market. Label the initial equilibrium point as a and the point that shows the quantity supplied under the maximum price as b.
selects its own output q2. Output is homogeneous across firms and satisfies the industry inverse demand function P = 200 - q1 - q2. Both firms have zero fixed costs and total costs of Ci(qi) = 60qi. Compute the Cournot-Nash equilibrium outputs and ..
what was the quantity of money in 2011?
Solow Growth Model. Suppose that the U.S. economy can be described by the Solow Growth Model and that it was at its steady state in 2008. In 2009, President Obama proposed a huge, sustained increase in government spending
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