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Suppose that a perfectly competitive firm has Fixed Cost = 40 and Variable Cost = 4q2, so that MC = 8q. What is the maximum profit this firm could make if the market price of the good is $120?
In an hour, Sue can produce 40 caps or 4 jackets and Tessa can produce 80 caps or 4 jackets. Calculate Tessa's opportunity cost of producing a cap.
If the indifference curve which runs through this bundle is steeper than the budget constraint, explain what the consumer could do to increase their utility.
consider the following simple model of a closed economye c i gc 200 0.75 y - ti 500 g 300 t 200a. determine the
The Tax Cuts and Jobs Act eliminated the deduction allowed on line 35 of Form 1040 for 2017. Explain what this line/deduction was and why the tax reform likely.
Examine major effects that government policies have on production and employment. Predict potential effects that government policies could have on your company.
environmentalists argue that trade liberalization harms the environment. the decisions of the world trade organization
The current state of the European economy: Write a couple of paragraphs about the state of the economy in the euro area over the past several years.
Many changes are affecting the market for oil. Predict how each of the following events will affect the equilibrium price and quantity in the market for oil.
Money must make monthly payments of $1118. Determine the loan's (a) monthly interest rate and (b) effective annual interest rate
Explains why it is has improved the problem it was meant to correct. Explains how economic principles are used in the design of the policy.
What is GDP? Suppose consumption increases by 10% but output only rises by 5%. Invest- ment and government spending both increase by 3%. What happens to the gap between ex- ports and imports?
A converter with following specifications is required Vin =4.6 V Vout =15 V lout = 0.55 A Switching frequency= 80 kHz The switch is a MOSFET with Rds (on) of 110 m-ohm. The diode has a forward drop of 0.8 V and an on-state resistance of 15 m-ohm. Ign..
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