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More alternative electric energy providers have constructed wind, thermal, solar, and gas turbine power stations in competition with traditional coal fired plants. Large industrial customers require the reliability of coal sourced energy. But residential electricity consumers have both been reducing consumption and been opting for these alternative sources. This has led some coal plants to operate at less full capacity most of the time. How does this affect competition between providers of coal sourced electricity?
A firm that makes car parts wants to adopt pay schemes that will best motivate its various workers to be productive and they hire you as a consultant.
If Congress and the president pursue an expansionary fiscal policy at the same time as the Federal Reserve pursues an expansionary monetary policy, how might the expansionary monetary policy affect the extent of crowding out in the short run? Explain..
What does a Production Possibilities Frontier illustrate?
Q=55-0.5PGiven the firm’s demand function Q=55-0.5P (where P = price and Q = rate of output), and the total cost function TC=20+Q+0.2Q^2 where TC = total cost, determine a. The total revenue functions for the firm.
Consider product line pricing, captive pricing, and price bundling. For each of these tactics, identify a brand that you believe currently use each of these tactics. Provide evidence to support use of that tactic. Is the tactic effective? Why or why ..
Assume that the market for wheat is perfect competitive, with demand curve P = 5000 ? 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by TC = 1+Q+Q2, which results in marginal cost of M C = 1 + 2Q..
If the total cost of 20 units of a product is $20, and the total cost of 21 units is $21, then from 20 to 21 units of product the: Marginal cost equals average total cost. Marginal cost equals average variable cost
An electronics firm invested $60,000 in a precision inspection device. It cost $4000 to operate and maintain in the first year and $3000 in each of the subsequent years. At the end of 4 years, the firm changed their inspection procedure, eliminating ..
Joe's utility for Coke, x_1, and Pepsi, x_2, is define by u(x_1, x_2) = 5x_1 + 5x_2. Joe has an income of $100. Let the price of Pepsi equal $1. Derive Joe's inverse demand curve (price on the vertical axis and quantity on the horizontal axis) for Co..
A sample of human resource executives was asked how their company planned to change their work force over the next 12 months. a categorical response variable showed 3 options: add employees, no change, lay off employees. Another categorical variable ..
Consider the small Home country with many perfectly competitive firms that produce oil.
Calculate for that quarter the labour force participation rate and the unemployment rate.
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