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Discuss your memories of inappropriate fan and athlete behavior. What was it? When was it? Why was it inappropriate? What do you think could have been done differently to prevent this. Were the actions taken afterward appropriate to stop it from happening again?
Calculate the own-price elasticity of the Model K (the elasticity of qK with respect to pK) and the own-price elasticity of the Model Y (the elasticity of qY
Briefly explain what this means for movements in the money wage rate (nominal wages) as the economy moves from its short-run
Draw, on a large graph, a market for apartments in equilibrium, and then apply a binding rent control. Explain and indicate how the relevant economic agents are affected by the application of this price control, and why economists say rent control is..
Explain with an example how the law may permit something that is ethically wrong. Samuel and his friends form an LLC. Samuel, through an agreement, promises to contribute personal property to the LLC within a year of the LLC's operation. Samuel passe..
Assume r = 0.1 is the present real interest rate and this rate is expected to prevail for the next 2 years. The monetary return (i.e. marginal revenue product) on machine A is expected to be R1 = $100,000 for year 1 and R2 = $50,000 for year 2. The p..
How could the formation of an economic integration unit among several countries actually result in the countries trading to a greater extent in absolute terms with the outside world than before the union was formed? What factors would you consider in..
The goal of ABC Company is to increase total revenue. The elasticity of demand for ABC's main product is 1.4. The marketing manager is thinking of increasing price by 5% to increase total revenue. How much will quantity demanded change? According to ..
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 Economy Tomorrow on "Harnessing the Sun" states that the percentage of electricity that is generated from burning oil and coal is: The gap between exports and imports in a nation's economy is called the ___________.?
Why can the covariance of a pair of random variables be negative when the variance of random variables is always non-negative?
Discuss the Arbitrage Pricing Theory and the Fama-French factor and the “preciseness” of techniques used to calculate cost of capital. How does one decide on which technique is best to use?
Governments create the 'territorial' dimension of geography. How do governments affect geographic organization of economic activity?
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