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!
1. Even without a minimum wage, the unemployment rate would almost surely be higher among teenagers than among adults. What aspects of economic theory would lead to this outcome?
2. Consider two situations. In one you find yourself in the 90% income tax bracket and in another you are in the 10% income tax bracket. Would your incentive to find loopholes to reduce your tax liabilities be the same or different in these two situations given that your income is the same in both cases? Explain your answer. Does this have anything to do with the Laffer Curve?
3. In most cities in the world, it is necessary to purchase an expensive license - called a medallion that have fixed number in supply - to operate a taxi. These medallions allow you to do your business and if you wish you can sell them and leave the taxi business. Would you expect the resale price of those medallions to rise of fall in the future? Why?
4. Suppose there is a decline in the marginal costs for one member of a cartel. What impact will this have on the incentive of that firm to cheat on the cartel agreement? What impact will it have for the stability of that cartel? Explain.
The revenue function R(x) and the cost function C(x) for a particular product are given. these functions are valid only for the specified range of values. Find the number of units that must be produced to break even. R(x) = 200x - x^2; C(x) = 10x + 7..
Q1: What proportion of boxes is underweight? Q2: How heavy does a box have to be in order for the box to be labeled overweight?
Draw a stock control card and discuss the completion process and discuss the layout of the work space, to prevent accidents and injuries
A large city has nearly 500 restaurants, with new ones entering regularly as the population grows. The city decides to limit the number of restaurant licenses to 500. Which characteristics of this market are consistent with perfect competition and wh..
An engineer is considering the size of a reservoir for flood control in the northern part of Germany. The size of the reservoir is closely related to the annual rainfall. In addition, there will be reparation costs from damages when the amount of rai..
Bundling helps the seller to increase profit by ________.
Sally owns a ceiling fan company. Last year, she sold 1300 ceiling fans at $60 each, and each fan costs her $30. Before going into the ceiling fan business, she worked as a fan-dancer at $38,000 a year.
Consider a profit-maximizing monopoly pricing under the following conditions. The profit-maximizing quantity is 40 units, the profit-maximizing price is $160, and the marginal cost of the 40th unit is $120.
You run a small pizza shop named Pizza Hat. Initially you sold pizzas for $15 and every week you sold around 600 pizzas. Each pizza costs you $6 to make. One da
A firm's current profits are $700,000. These profits are expected to grow indefinitely at a constant annual rate of 3 percent. If the firm's opportunity cost of funds is 5 percent, determine the value of the firm: The instant before it pays out curre..
Who has the comparative advantage in car washing, and who has the comparative advantage in lawn mowing?
Suppose that the Live-Long-and-Prosper Health Insurance Company charges $5,000 annually for a family insurance policy. The company’s president suggests that the company raise the annual price to $6,000 to increase its profits.
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