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A student wants to know which type of measurement scale that can be used when measuring temperature. Give a clear description of the being scale used.
If you cannot think of a real example make up a fictional account which would explain this fallacy.
Using the same production function as in question 4 {ie: q = (K^1/2 + L^1/2)^2} suppose that the firm is now operating in the long-run. Solve for the long-run cost function (i.e. total costs as a function of input prices and output).
The risk-free rate of return is 3.5 percent. Illustrate what is the current value of one call option on this stock if the exercise price is $40.
What would be the advantages and disadvantages if all economies of the world agreed to use a single currency managed by an independent organization?
The world's largest carpet maker has just completed a feasibility study of what to do with the 16000 tons of overruns, rejects, and remnants it produces every year. The company's CEO launched the feasibility study by asking, why pay someone to dig co..
Currently, the expectation is that the Federal Reserve will try to increase interest rates sometime later this year, while the European Central Bank will try to maintain low interest rates. What is the corresponding expectation of the future trajecto..
An energy manager expects a need for a boiler that costs $150,000 in about seven years. How much money should the manager save each year to have enough money for the purchase in seven years time if the interest rate is (a) 10% and (b) 3%.
A firm in a competitive industry has a short run cost function= y^3-10y^2+30y. If demand= 80-P. How many firm a will exist in equilibrium?
If the government wants to move the economy back to the full-employment level of output and the MPC is 0.9, then it should reduce taxes by?
Explain and graphically illustrate the effects of the tax cut on aggregate output, consumption, employment and the real wage.
Sketch the monopolistically competitive firm's demand curve by plotting one point on the horizontal axis and a second point on the vertical axis.
What is an absolute and comparative advantage? Give an example from your own life where you have an absolute, but not a comparative advantage with someone else.
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