Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A local firm produces recliner sofas and wishes to expand production. The company currently employs sixteen workers who share twelve tool sets. Three months ago, they added two tool sets and production increased by eight recliner sofas per week. One month ago, they added four workers and production increased by eight recliner sofas per week. A tool set costs about three times what a worker costs. Would you recommend that the company hire an additional worker or purchase another tool set? Explain
A 10% increase in the price of pizza causes a 10% drop in the quantity of both pizza and beer sold. Describe elasticities and the nature of the two products.
If countries are first ranked by level or real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different? What are the short-run and long-run effects on an economy of a ..
Carborro has 3 equal sized groups of people: Type A consistently prefers more police protection to less; Type B prefers high levels of police protection to low levels and they prefer low levels to medium levels. Will majority voting generate consist..
Explain the concepts of explicit costs and implicit costs. Why do economists include implicit costs in their calculation of profits? If monopolistically competitive firms have some control over the prices they charge, why do they experience zero econ..
Two methods of filling cereal boxes are being compared. Both methods fill the box with the same amount of cereal on average so the company wants to select the method with the lower variance. At the 5% level of significance, does it appear that the va..
Suppose that the economy that we are interested in modeling is not a small open economy, so that the macro variables that describe the external environment have to be treated as endogenous. What additional types of conditions do you think we would ha..
What economic circumstances and motivations led to the end of quantitative easing? Be specific. What specific motivations were behind the increase in the federal funds target?
Suppose a firm has an annual budget of $200,000 in wages and salaries, $75,000 in materials, $30,000 in new equipment, $20,000 in rented property.What are the annual explicit costs for the firm described above.
What is a financial system and why would a country with a well developed and fully functional financial system be better off than a country without it?
Define the term "opportunity cost" and include an example based on your real-world experiences. Discuss the differences between monetary costs (where money changes hands) and opportunity costs (forgone opportunities). Also discuss how these costs are..
What is the cost of voting in an election? What is the main factor preventing a large community from influencing policy in the same way as a special interest group? Why might legislators vote to impose a tariff on Egyptian cotton, when consumers in t..
Suppose there are two consumers, A and B, in an endowment economy. Each has preferences u=xy. The initial endowment for A is (4,16) and the initial endowment for B is (20,20). Each consumer is a price taker (Perfect competition). Let P(y)=1. Find the..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd