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Question: Suppose that there are two goods available to the consumer-pens and pencils. Suppose that the price of a pen is $2.00 while the price of a pencil is $0.50. If we measure the quantity of pens on the horizontal axis and the quantity of pencils on the vertical axis what is the slope of the budget constraint? Do you need to know the income of the consumer to answer this question? Why or why not?
"Employment-at-Will and Sarbanes-Oxley" - Discuss whether the Sarbanes-Oxley act protects whistle-blowers enough (or perhaps too much). What changes would you make to improve the effectiveness of the law.
what are the conditions for a perfectly competitive market? what are the conditions for a monopolistic market? what are
Performance standards are preferable to technology standards in that they give some flexibility to firms in terms of achieving a given amount of emissions reduction. Emissions taxes are preferable to trade able emissions permits in that the revenue f..
You have opened your own word processing service. You have already bought a special computer needed for word processing.explain that expand your business by hiring an assistant.
the marginal product of any input in the production process is the increase in the quantity of output produced from
Suppose that a company has a fixed proportions production function that requires it to use two machines and one worker to produce 1000 units per hour. Explain why the cost per hour of producing 1000 units is 2v+w (where v is the hourly rent for the m..
Which of the following does not describe the circular flow model between the householdand the firm? John works at a coffee shop and makes $10 per hour. He decides to leave work an hour early to go see a movie that costs $8 per ticket. The opportuni..
assume that you have been appointed as the speaker of the house. you must deliver a speech about the current state of
1. a competitive industry currently consists of n 10 identical firms. an individual firms total cost function is given
What is the underlying market structure of the business?
In an article in the Quarterly Journal of Economics, Ted O'Donoghue and Matthew Rabin make the following observation: "People have self-control problems caused by a tendency to pursue immediate gratification in a way that their ‘long-run selves' ..
aerotron electronics is considering purchasing a water filtration system to assist in circuit board manufacturing. the
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