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Assignment:
In what ways does life for the average person living in Toronto differ today from 100 years ago? How might those differences affect infant mortality? Life expectancy? The patterns of disease and disability?
Suppose an oligopolist individually maximizes its profits when calculating profits, if the output effect exceeds the price effect on the marginal unit.
Write a paragraph describing the concept of negative externality. Make sure you define all economic concepts you describe. (In other words, write a "short paper
Consider firms in the market for get-rich-quick schemes. For this problem, assume get-rich-quick schemes are indivisible (so there can only be 1, 2, 3, etc.).
In France it takes one worker to produce one sweater, and one worker to produce one bottle of wine. In Tunisia it takes two workers to produce one sweater.
Analysis of current economic problem. Two proposed topics (choose 1) or propose another similar tax/tariff issue. Trump's proposed tariffs on imported Chinese.
What is the relationship between income and exports?
assume firm ys production function is given by the following cobb douglas equationq 0.5 x l0.6 x k0.5where l denotes
A company purchased equipment at a cost of $120,000. Net income is estimated at $30,000/Yr. The estimated life of the equipment is 10 years.
What might be some of the opportunity costs of attending college for four years? Calculate the amount of shortage/surplus if price is fixed at $10,000.
Drawing Conclusions Why are the automatic stabilizers effective fiscal policies that counter business cycles?
Pricing and Investment Decisions
Calculate the consumer and producer surplus, and the deadweight loss after a tax on producers of $1000 is imposed - Calculate the change in the least cost combination when wages
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