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A study claims that 77 % of children under the age of 13 in British Columbia have been vaccinated from the chicken pox. A survey of randomly selected residents of a certain city included 652 children who were under the age of 13, and 197 of them were not vaccinated. Is the city's result of 197 unusually high, low, or neither?
The behavioral economist Robert Frank speaks of the bounded nature of rationality in his 2008 interview (Challenge 2008) and discusses the axiom of the independence of irrelevant alternatives in rational choice theory.
This week there was news that some prices are rising. I heard that in some countries where corruption is high the prices are also higher. I wonder if there is causality or just both at same. It would be interesting to find some material to support if..
Alexandria's Dance Studio is currently an all equity firm that has 60,000 shares of stock outstanding with a market price of $24 a share. The current cost of equity is 11% and the tax rate is 40%. Alexandria is considering adding $2 million of debt w..
What is the opportunity cost of producing lumber in the U.S.? What is the opportunity cost of producing cars in the U.S.?
To differentiate its product a monopolistic competitive firm will engage in all of the following advertising practices EXCEPT
Illustrate what will happen to equilibrium price As a local cable company offers cheaper pay- per-view films, local movie theaters have more unfilled seats.
What price should a firm charge for a package of two pens given a marginal cost of t' 2 and an inverse demand function P = 6-2Q by the representative consumer?
Widgets R Us uses a variety of different items to produce their world-class widgets. For each item listed, place it in the appropriate bin according to whether it would generate an implicit or explicit cost for the firm.
Consider three households (i = 1, 2, 3) each with preferences ui(xi , G) = xi × G where xi is the consumption level of private goods by household i and G is the level of public good. Private good costs 1 and public good costs 10. Individuals have inc..
Select multiple marketing channels and discuss how the channels will work together to promote the product/Marlboro cigarettes. If Malrboro Company already uses multiple marketing channels, suggest a possible strategy to improve sales using a differen..
Discuss one (1) recent price change that you have noticed while visiting your local supermarket. Determine whether or not the price change that you identified was a result of a change in either supply or demand.
Assume that the positions of the supply and demand curves have not changed over the past three months (this means there have been no shifts). Over the past three months, the price for motorcycles has steadily risen from $5000 to $8500. Also, assume t..
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