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Consider the following events: Researchers shows that eating lobsters increases the risk of heart attack, and at the same time, there is a new regulation that limit the number of lobsters people can fish.
A firms demand curve is given by P = 500 -2q, the direct Q = 250 - 1/2P. The firm's current price is $300 and the firm sells 100 units of output per week. Calculate the firm's marginal revenue at the current price and quantity. Using the Make-up Form..
Consider the problem of the apple farmer. In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed u..
Suppose Mike and Johnson produce two products- hamburgers and T-shirts. Mike produces 10 hamburgers or 3 T-shirts a day and Johnson produces 7 hamburgers or 4 T-shirts. Assuming they can devote time in making either hamburgers or T-shirts. Draw the p..
Explain why the classical supply curve is vertical. What are the mechanisms that ensure continued full employment of labor in the classical case? How does the Keynesian aggregate supply curve differ from the classical one? Is one of these specificati..
World population is doubling in about every 30 years. what is the annual % growth rate? What is the exponential growth factor? Assuming 2% of the world's coal reserves have been utilized, how many doubling periods will it take for a 40% depletion of ..
(The MyInteger class) Design a class named MyInteger. The class contains:
Why might price collusion occur in oligopolistic companies. Evaluate the economic desirability of collusive pricing.
Assume that the firms act independently as in the Cournot model i.e., each firm assumes that the other firm's output will not change.
A more serious problem with input-based pay systems (e.g., a wage her hour), relative to an output--based system, is:
You have a capital structure comprised of 40% debt and 60% equity. What is your weighted average of capital cost?
Donald owns several hotels in New York, Las Vegas, and other centers of tourist activity. Much of Donald's hotel revenue comes from European tourists.
Suppose and economy described by the Solow model has the following production function: Two neighboring economies have the above production function, but they have different parameter values. Atlantis has a saving rate of 28%, and a population growth..
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