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Ride hailing services utilize a dynamic pricing model. Using supply and demand tools (you don’t have to actually show the graphs… but they may help you on scratch paper) illustrate how microeconomics explains the shifts in pricing and how it describes the real world scenarios of trying to get a ride at various times of the day. Be sure to consider the morning and evening commute, in addition to the weekend hours.
Illustrate what are the implications of savings and population growth at steady a state in the Solow's neoclassical growth model.
Consider Hastur, an author promoting her new book, The King in Yellow. Will Hastur compete as a monopolist, an oligopolist, or a monopolistic competitor? Why? Given your answer to (i), would you expect Hastur to sell her book at, below, or above marg..
Let the investment described in question 6 be option A and suppose the company could instead purchase some more expensive equipment with an initial cost of $40,000 (call this option B) that would lower the annual operating costs to $5,000. Assume ann..
Considering the following concepts such as GDP, unemployment, monetary and fiscal policy. Pick an recent newspaper article (New York Times, Wall Street Journal, etc.) that focuses on DELL INC. Describe the event and the issue for DELL INC. (summarize..
A young couple is purchasing a new sport utility vehicle. The price of the new vehicle is $28,300, sales tax is 7.5%, title and registration will cost $105. The dealer is offering a special finance rate of 1.9% APR for 36 months (compounded monthly)...
She can earn an annual interest rate of 4% or a nominal interest rate of 3.95% compounded continuously. Which is the best option and at the best interest rate, what will the account balance be after 25 years?
Will the brothers gain if they specialize. Illustrate your answer with an example.
Persons or organizations that agree to provide some funds for a new business in exchange for ownership interest or stock are called
Consider the following: “In 1973 several major oil producing countries formed a cartel. The cartel effectively decreased the supply of crude oil. Gasoline prices rose sharply as did the total expenditures on gasoline.” Use a supply/demand diagram of ..
Economists say that wages of most countries relative to the US are, for the most part, similar to their productivity relative to the US. Do you think US apparel manufacturers would agree with this?
From your personal experience, discuss a situation you have faced that would require one of the six elements of moral judgment. Identify the element of moral judgment you chose and justify your response.
What kind of brand name could go head-to-head with Oreo? (Most people unfamiliar with Hydrox think it is a cleaning product.) Make a list of three to five possibilities.
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