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Gather information on one- and two- semester parking passes at your institution for the different classes of parking. For each class of parking, what effective annual interest rate are you earning by buying a two semester parking pass? What else must be considered to choose a parking pass? Prepare a one-page presentation to describe this to the class.
Two hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the formula TC = 500Qmill+ (Qmill)2 where Qmill indicates the mills annual production in thousands of tons. The marginal cost of ..
Discuss at least two alternative measures of national welfare that have been put forward? What are the primary strengths and weaknesses of these alternatives and discuss at least two alternative measures of national welfare that have been put f..
Merchandising What is the difference between a service and a merchandising business? Provide an example of each. What are three new types of merchandising accounts?
Members of some species of hermaphroditic fish choose, in each mating encounter, whether to play the role of a male or a female. Each fish has a preferred role, which uses up fewer resources and hence allows more future mating. A fish obtains a payof..
Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years. Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, cos..
A firm's efforts to increase profit by price discrimination can be undermined by arbitrage by buyers, consumer ignorance, differences in elasticity of demand, or seller market power?
Is elitism or pluralism more persuasive in explaining the behavior of political actors, individuals, and groups of individuals when they interact with government? What core assumption about human beings do both philosophies make to drive their assump..
When a 20% change in price causes a change in quantity demanded less than 20% percent, demand for the product is. A firm uses two inputs (call them “computers” and “programmers”) in production. The combination of computers and programmers minimizes i..
Newmark & Co. Real Estate, Inc., (the broker) contacted 2615 East 17 Street Realty, LLC, (the landlord) to lease certain real property on behalf of a client (the tenant). As is common in real estate transactions, the broker is paid a commission. What..
Suppose your wage rate is determined by WAGE = −19.68 + 2.52EDUC + 0.55EXPER − 0.007EXPER2 where EDUC is years of schooling and EXPER is years of work experience. Using calculus, what value of EXPER maximizes WAGE for a person with 16 years of educat..
Suppose that the cost of a unit of capital is r and the price of a unit of labor is w and the level of output is y. Write down the long-run total cost as a function of w, r, and y.
Look at your life currently. Do you have a work-related musculoskeletal disorder (WMSD)? If so, how has it affected your life?
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