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Q. 1. Suppose that Ken spends 4 hours playing golf, paying green fees of $50, rather than working at his job that pays $10 hour. What is economic cost of his decision to play golf? a) $90 b) $60 c) $50 d) $40 e) nothing, since he enjoys golf much more than working anyway.
2. Which of graphs below shows Y increasing at a decreasing rate? Which of following issues is related to microeconomics rather than macroeconomics?
Illustrate for the 100 new homes will be within $10,000 of the population mean.
Suppose that a firm has "pricing power" and can segregate its market into two distinct groups based on differences in elasticities of demand.
The consumption of both x1 also x2. Label income also substitution effects for both goods. Illustrate what is the implication of product differentiation in defining market structure.
After wearing seat belts became malsoatory, drivers reacted by driving faster also less carefully. This is consistent with Illustrate what Principle of Economics.
Illustrate what is the difference among the multiplier in a closed private economy also the multiplier in a mixed open economy.
Show that a specific tax of $3.70/unit generates the same revenue as a 20% ad valorem tax
Elucidate how events such as the World Trade Center and Pentagon attacks described in the case study affect the aggregate demand curve.
"The problem with economic policy becomes most obvious when attempts are made to tinker with little economic changes, as the tools governments have at their disposal are too crude." This statement is a criticism of
Illustrate what fiscal policies also monetary policies would be appropriate at this time. You must use at least one article. Use references also APA.
The market demand function is Q=80-p. Describe the profit maximizing input use, the output price, and the monopolist's profit.
Elucidate exactly Illustrate what the government actually did and why this merger is not occurring.
illustrate what feature of the value function explains the phenomenon, and how.
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