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Suppose that a perfectly competitive firm has Fixed Cost = 20 and Variable Cost = 2q2, so that MC = 4q. What is the maximum profit this firm could make if the market price of the good is $24?
write down the impacts of currency devaluation and revaluation on international trade? write the factors which increase
bulldiscuss how monetary and fiscal policy could have been better leveraged to avoid the recession in the early
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only change between June and July is that 10,000 people give up looking for work. Compute unemployment rate in July.
You've got two lines: y=2x+1 and y=2-x, What is the slope of each line? What is the y-intercept of each line? What is the x-intercept of each line? Where do these lines intersect
Choose a market for a good in your area that seems to be a perfectly competitive market. Write four or five substantive paragraphs that describes the market and answers the following questions: Identify the buyers and sellers as well as the goods o..
Firms decide how much to spend on product development and marketing by
Suppose that you are an officer of your campus theatre club. You are at a meeting called to discuss ticket prices. One member says, "What I hate to see most of all is empt seats in the theatre. We sell out every weekend performance; however there are..
Which of the two options should she pick if she plans to open a restaurant in the Los Angeles metropolitan area? Describe your answer, and show your calculations?
According to an analysis by Katja Seim of the University of Pennsylvania and Joel Waldfogel of the University of Minnesota, if the state of Pennsylvania were to allow unlimited entry of private liquor stores, the number of stores would increase by..
If the world price is $4 per pair of socks, and the government of Bangladesh imposes a tariff of $1, how much tariff revenue will the Bangladesh government collect?
Martin pays rent of $500 per month for the 9-month academic year. He is going to travel the world this summer and won't be working.
Identify two elastic and two inelastic goods that you have purchased in the last month and explain the main reason why you identified them as such.
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