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What are some major business disruptions in the world with a short description of this disruption and their impact on the businesses.
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Your student association is looking for an auditorium to rent for an all-day conference. The university's Performing Arts Center is vacant on that day, so the association wants to rent it. If you rent the Center, what will be the university's margina..
Explain how- from the film "Thirteen Days" explain how we can apply theories of bargaining and negotiation.
Suppose that the new administration hires you to research two alternatives for hourly pay.
Sally Gomez is interested in starting a new business. Although Gomez has developed her business plan and is ready to implement her ideas, she lacks the necessary finances to begin her new business. Which type of business would best serve Gomez's need..
Assume that you are the head coach of the Kansas City Chiefs and that the Chiefs are league-average at all facets of the game. It is in the first quarter and the score of the game is 0-0. Your team has the ball at your own opponent's 46 yard line and..
Your firm is one of 100 identical firms operating in the short run in a perfectly competitive market. Your total cost function (short run and long run) is C = 500 + 20 q + q2, and your marginal cost function is MC = 20 + 2q. Find the supply curve for..
A firm charges its customers $20/unit for the first unit purchased and $10 for each additional unit in excess of one unit. Suppose the firm’s marginal cost is fixed at $5. How many units will this firm sell? Find the profits earned from the price str..
In class we built the IS-LM model using graphical representations. Below see if you can derive the formation of the model algebraically: C = 0.5(Y –T) T = 2000 I = 3,000 – 250r G = 3,000 Md/P = 0.5Y – 500r Ms/= 2,000 P=2 (a) Write a formula for the I..
Efficient regulation. Suppose the state is trying to decide how many miles of a very scenic river it should preserve. There are 1000 people in the community, each of whom has an identical demand function given by. If the marginal cost of preservation..
What can be the real life example of a market that comes close to operating like a 'perfect market'.
Explain how much consumer surplus exists in this market. If a $2.00 excise tax is levied on this good what will happen to equilibrium price and quantity.
A committee of 4 has to be chosen from 12 representatives, of whom 8 are men and 4 are women. If selection is random what is the probability that.
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