Technological change leads to the development

Assignment Help Business Economics

Reference no: EM136466

Q1. A consumer must pay $10 per visit to an amusement park for the first five visits but only $5 per visit beyond five visits. What does the budget line relating to amusement park visits and other goods look like?

Q2. Consider the markets for pizza and beer. Show graphically (using a diagram for each market) and explain the impact(s) you would expect if technological change leads to the development of a pizza oven that is both much cheaper and uses less energy than current ovens.

Reference no: EM136466

Questions Cloud

Which term describes tonicity of the external solution : Which term describes tonicity of the external solution. Were latitude the only control of temperature, the isotherms would run straight across the map from east to west. Describe one region of the world where this hypothetical isotherm pattern is rea..

Citizens bank in nominal terms : Susie's boss offers her $100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost.

Standard deviation for the forecasted federal funds : Using the calculations from part a, and the methods described in class, calculate a 99% confidence interval for the population mean forecast, where the population 3 would consist of all economists.

How many card holders should be sampled : If a pea plant that is heterozygous for round, yellow peas (RrYy) is crossed with a pea plant that is homozygous for round peas but heterozygous for yellow peas (RRYy), how many dissimilar phenotypes are their offspring expected to show.

Technological change leads to the development : A consumer must pay $10 per visit to an amusement park for the first five visits but only $5 per visit beyond five visits. What does the budget.

How many generations would it take to eliminate : The trend in the U.S. is having children later in life than previous generations. What effects may this trend have on the incidence of late-acting dominant lethal alleles in the population.

Deflationary gap in the economy : The government plans to rise state spending by $2bn in the next fiscal year.

Propose to remain the reaction moving along quickly : Give examples of potential environmental impact. Give at least two references in addition to your text in support of your position. Be sure to cite your sources including your text using APA style and respond to at least two of your classmates' posti..

Country has no financial markets : If the marginal cost of planting and harvesting an acre is $7000 per acre for each of the five acres, how many acres should the farmer plant and harvest.

User Account

All Pages