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1. Describe using pseudocode as described in class an algorithm that takes a list of n integers a1, a2, ..., an, and finds the average of all negative integers in the list. Be sure to initialize the variables.
2. The bubble sort algorithm discussed in class is used to sort the following sequence of integers: 3 22 14 21 70 79
3. Show how the binary search algorithm discussed in class searches for 48 in the sorted list below: 8 25 31 32 39 45 54 63 67 71 88 94
what are the characteristics of monopolistic competition. graph the long run profit position for the monoplistically competitive firm. what is excess capacity and how is it manifested in the monoplistically competitive firm's graph.
Demand for good X is x=100-P, where P is the market price of X. A monopolist supplies this market and has a cost function 15x. When the monopolist produces his optimal level of X, what is the resulting dead weight loss on the economy?
Those who desire that policymakers stabilize the economy would advocate which of the following when aggregate demand is insufficient to ensure full employment?
Reggie owns and operates a cheese shop in the village of Somerset. While Reggie has a degree in mechanical engineering and could easily go to work for his brother\'s company earning $76,000 a year, his true passion is for cheese. Below is a list of R..
Indicate whether this production function exhibits constant, increasing, or decreasing returns to scale.
Luis wants to have $2,000,000 in net worth when he retires. to achieve this goal, he plans to invest 10,000 each year (starting one year from now) into an account that earns 10% interest compounded annually. The amount of time before Luis can retire ..
Classify the following topics as relating to microeconomics or macroeconomics.
If operating capital is running $60,000,000 and employment is running 4,000 employees in the company, what is the value of the marginal rate of technical substitution between operating capital and labor in the Biddle Company?
1. Give examples of industries that are monopolistically competitive. Find the news articles, books which explain these examples. 2. What is "monopolistic" about monopolistic competition? What is "competitive" about a monopolistically competitive..
Calculate the value of the market basket for each year given the price in the table blow. also calculate the price index for 2014 and the inflation rate for 2014. assume that the market basket consists of 150 container of yogurt 300 cups of coffee an..
A state government has the option of damming a major river to generate energy and divert water to local agriculture. The cost of constructing the dam and associated infrastructure is 100 million. What is the present value of the returns to building t..
What are the costs and benefits associated with attempting to bar entry of other firms into this industry? How would a firm evaluate the desirability?
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