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Q. If the price had been $0.70 per pound, the revenue received would have been $126,000. The economic profit would have been ? What does this mean?
Q. Consider the following scenarios and state the expected chande in the supply in the supply or demand curve. you should note whether the scenario indicates a shift of the curve or movement along the curve. you are a supplier of widgets. the technology available to produce your product suddenly improves.
Assume the economy starts out at point A. After that, the public anticipates that the Fed will use expansionary monetary strategy to shift the AD curve from AD1 to AD2.
What is the confidence interval for the proportion of households represented at a town meeting. Survey of households in a small town showed that in 850 of 1,200 sampled households.
They value campaign funding in terms of dollars spent. Therefore, after spending ci on a campaign.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
In this forum we discuss the different arguments that are made in favor of international trade protectionism and the important role of the politics of protectionism.
What performance % would you use to trigger executive bonuses for that year.
Illustrate the expected total monetary loss under 4% of annual interest rate if this park is permanently closed this year.
Forecasters predictions of inflation are notoriously inaccurate, so their expectations of inflation cannot be rational.
Decreasing returns to scale refers to a situation where an increase in a firm's scale of production leads to lower costs every unit produced.
Illustrate what are the types of business organization/ company forms, and their pros and cons (advantages and disadvantages) from an economist point of view.
Are the assumptions the same as under a simple linear regression. What does TSLS imply about the data if a strong F is found.
Elucidate why might an economist be skeptical of Billy's discrimination complaint. Billy works for the local piano-moving company part-time after school.
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