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Sketch a representative isocost line, labeling the intercepts. What is the slope of the line?
Mary is in equilibrium. The MUa =6, MUb =12, Pa=2, what is the price of b? Zach is in equilibrium. The MUa=2, MUb=8, what is the price of a in terms of the price of b? What is the utility maximizing or optimization condition?
The following demand function has been estimated for Fantasy Pinball machines: Qd = 3500- 40P + 17.5Px + 670U + 0.0090A + 6500N. Where P = monthly rental price of fantasy pinball machines, Px = Monthly rental price of old Chicago pinball machines. Th..
Suppose that a firm's production function is given by Q=K^0.33L^0.67, Where MPK=0.33K^-0.67L^0.67 and MPL= 0.67K^0.33L^-0.33. As K increases, what happens to the marginal product of labor? Why would the MPL change as K changes? What happens to the ma..
Look over Maslow's Hierarchy of Needs and try to determine where you are right now on the hierarchy. What needs of yours are not being met? How could a company go about meeting those needs and thus motivate you to work more effectively?
Suppose that, in a bold move, the owners of the movie theater in Moscow decide to raise the price of general admission movie tickets from $7 to $9. Calculate the price elasticity of demand for those under 30 years old. Then calculate the price elasti..
Let X be a continuous random variable with the probability distribution function f(x) and the cumulative distribution function F(x).
a) What is the probability that the two selected students are not from the same class?
Henry the Geek likes books (B) and computer games (C). We have observed that he preferred the bundle (12,8) over (9,15), bundle (20,6) over (15,10), and bundle (4,16) over (13,9). Assume that his preferences satisfy the properties of completeness, tr..
Consider a small open economy that maintains a fixed exchange rate. Explain what effects a reduction in the interest rate that prevails in world financial markets would have on each of the following domestic variables after the economy has adjusted t..
Explain why binary circuits are preferred over other approaches when building electronic computers. (Hint: You can answer this in one word.)
The increasing of ageing population might lead to certain issues; the first one we need to face will be the public debt. Ageing population when they retired, the consumption exceeds income and investments will exceed Savings.
Please specify what is the exchange-rate system of Brazil? Describe briefly the advantages and disadvantages of the specific exchange-rate system. Do you think the world will move toward an international monetary system more characteristic of floatin..
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