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Suppose I want to open my own restaurant. Currently I am working as a financial analyst at a top bank earning $ 175000 a year which I will have to quit to open a restaurant. I am also going to invest $ 100000 of my saings which were earning an average annual rate of 6 % what is my opportunity cost of opening a restaurant?
Each firm has the usual U-shaped average-total-cost curve. The market is in long-run competitive equilibrium.
Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific.
Use the B/C method to determine which should be selected at a discount rate of 0.75% per month over a 6-year study period.
Illustrate what real world data would you want to examine. What would you consider to be evidence of tit-for-tat pricing.
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
Illustrate what would be the cost saving of this change
illustrate what cost-minimizing combination of K and L will the manufacturer employ for the output levels in part a.
What is the elasticity of supply in that range of the supply curve? How much tax revenue does the government collect?
Which among the equation will you choose for a better demand estimation. Illustrate answer in the language of statistics.
Elucidate how would a gradual increase in the percentage of fathers who stay home to care for young children while their wives continue working ultimately alter the male-female wage gap.
if Bob bids $ 5, Alice bids $ 6 and Bob n passes, Alice gets $ 20 and pays $ 6 to auctioneer and Bob pays auctioneer $ 5. Both have $ 100 to bid. What is optimal strategy.
What should have happened to their real wage. Given a constant MPL, barbers should have experienced no wage change. D. In what units is real wage in part.
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