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What is the evidence of wrongdoing here? How does business use politics here? Is this government failure? Is this market failure? Who benefits and how? Who loses? What is the role of the media?
What is price of an additional dollar of local spending in each case. Which of two methods do you think would lead to higher levels of local spending on roads. Explain your answer.
If the machine could instead be leased for two years for some monthly payment (paid at the beginning of each month), what monthly cost would be equivalent to the original schedule of payments?
What level of output should you produce in the short run?b. What price should you charge in the short run?
The price of wine is $10 per bottle, and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridget's utility, while the last pound of cheese added 40 units. Is Bridget making the utility-maximizing choice.
Bob and Dexter share a dorm room. Bob is a chain smoker but Dexter does not smoke. There are no laws that forbid smoking in the dorm rooms.
If it decrease the percentage of its output devoted to capital goods, then its rate of growth will tend to increase. Its production-possibilities curve will shift to the left or its rate of growth will tend to decline.
The Blue Dragon Restaurant is a new Chinese Restaurant in town. As the only Chinese restaurant in the area, it faces the following daily demand curve:
Why would the money supply increased rapidly was inflation relatively low during the recession of 2007 2009 and its immediate aftermath?
Constrained Optimization in Economics 2. Minimize costs for a firm with a cost function Subject to the production quota
Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand of widgets?
Let's say that companies that produce and sell silk shirts hire analysts to analyze the economy and make guesses about the future
how would you treat the possible future costs of a lawsuit that may occur as a result of this project, where the cost of the lawsuit might range from $10,000 to $500,000 with an associated probability distribution?
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