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You have an economics test in two weeks. It will cover both micro and macroeconomics. Each part will be worth 50 points. You have a total of 100 hours that you can spend studying for this exam. For the first 25 hours you spend studying microeconomics, you will get 1 point more for each hour of studying. After that, you will get 1 point more for each 3 hours you spend studying, up to the maximum possible of 50 points. Macroeconomics is different. For your first 15 hours of studying you will get 1 point for each 45 minutes you spend studying. After that, you will get 1 point for each 1.5 hours you spend up to the maximum of 50 points. How should you allocate your studying time to get the best grade? Why?
Suppose the market for cigarettes is characterized by the following information: Qd = 70 - 5P [Demand] Qs = 3P - 10 [Supply] Suppose the government imposes a sales tax of $2 per unit.
On the left tab under Publications, go to the Interactive Data Tables. Select National Income and Product Accounts. examine all four components of GDP (C, I, G, and Xn). Which of these four components of AD declined the most during the 2007 and 200..
How would you compare the issues in this simulation to the domestic legal issues discussed in your Week One readings? How should companies resolve domestic and international issues differently?
Find the monopsonist's profit maximizing price and quantity.
in january of 2007 mary bought 100 stocks of apple inc for 55 each. this stock paid an average dividend of 4.50 per
A student is taking two courses, history & math. The probability the student will pass in the history course is .60 and math is .70. The probability of passing both is .50.
Consider the log-linear model 0 1 1 2 2 ln(Y) β0+ β1X1+ β2X2 + u Suppose you think that the value of β2 (the effect of X2) was not constant, but rather increased when X1 increased.
Before the income is spent, it can either be kept in money or bonds. Money yields no interest. Bonds yield a yearly interest of 4%, but a transaction fee of 18 has to be payed each time bonds are sold. Use the Baumol-Tobin model of money demand to ..
In one minute, Country B can produce either 1,000 TVs and no computers or 500 computers and no TVs. Similarly, in one minute Country C can produce either 2,400 TVs or 600 computers.
The return on quality can be defined as the profit increase divided by the cost of the quality improvement program.
oyota's announcements at the beginning of 2010, however, suggested that the real culprit was a defective gas pedal. This resulted in many calls for an investigation, as the initial claim about the carpeting was seen as apparent camouflage for a more ..
Suppose the demand curve for a monopolist is QD=500-P and the marginal revenue function as MR=500- 2Q The monopolist has a constant marginal and average total cost of $50 per unit
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