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Yoram insists on consuming 4 times as much of y as he consumes of x (so he always has y=4x) he will consume these goods in no other ratio. The price of x is 3 times the price of y. Yoram has an endowment of 20 x's and 45 y's which he can trade at the going prices. He has no other source of income. What is Yoram's gross demand for x?
The steelworkers' union is a monopoly union. What is the efficiency cost of the union arrangement in this industry to the economy?
Why do national income accountants compare the market value of the total outputs in various years rather than actual physical volumes of production What problem is posed by any comparison over time of the market values of various total outputs
Considering an economy with a current trade deficit and considering only the direct effect on income, an expansionary monetary policy tends to
Suppose there are 9 firms in the photographic film industry with corresponding market shares as given in the table above. Under present merger guidelines with respect to industry HHI and the change in HHI resulting from a merger
Why does the balance-of-payments statement balance? What financial assets are categorized as official reserve assets for the United States?
Explain the different types of local, state, and federal taxes they pay, and why they are each important? The basic standards for taxes? Why they should pay taxes?
You intend to charge $1000 per month on the card for the next 21 months. The card carries a monthly interest rate of 1%. How much money will you owe on the card 22 months from now, when you receive your first statement post-graduation?
Treasury bond prices rose on Monday, pushing yields down for the sixth session in seven, as the lack of major data and low trading volumes gave traders little fodder. Yields on 10-year bonds, which move inversely to prices, fell 4 basis points to 1.6..
Suppose the firm has a production function F(L,K) = min{2L,K}. What is the associated cost function? (please give the explanation and answer)
1. What steps did management at your organization do to motivate workers? 2. Did management seem to apply Theory X or Theory Y for their motivation strategies? Or did they use elements of both? 3. What needs in Maslow's hierarchy does management at ..
the economy of the Shire that produces cereals and swords each industry employs Hobbits, but land is specific to the production of cereals, and metal is a specific factor in the sword industry.
for each term define what it means and then discuss how it affects aggregate demand and aggregate supply. under
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