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A TV station is considering the sale of promotional videos. It can have the videos produced by one of two suppliers. Supplier A will charge the station a setup fee of $1,617 plus $2 for each DVD; supplier B has no setup fee and will charge $4 per DVD. The station estimates the demand for the DVDs to be given by Q = 1,374 - 191P, where P is the price in dollars and Q the number of DVDs sold. Suppose the station plans to give away the DVDs for free. The station will order the DVDs from the supplier who charges a lower cost than the other supplier. What will be the cost for the station? (Do not include the $ sign in your answer.)
Consider an economy described by the production function: Y=F(K,L)=K ^(.4) L^(.6). What is the per-worker production function? Assuming no population growth or technological progress, find the steady state capital stock per worker, output per worker,..
what value would you predict for S? b. What happens if P is reduced to $17,1500? c. How would you go about developing a value for k? d. What are the potential weaknesses of this model?
looking backplease respond to the followingbull thinking about everything you have learned in this course discuss the
Discuss how imperialism (identifying any imperial relations) can inhibit the economic growth and development of Caribbean.
Theory suggests that, in the absence of market failures, placing an excise tax on the market for a good leads to a deadweight loss for society. Think about a situation where the government instead subsidizes the purchase of the good. This subsidy is ..
A profit-maximising monopolist will set its price and output where demand is inelastic. Is this statement true or false?
In 2014, Coca-Cola announced that top executives would have bonuses linked to the company’s revenue from soft-drink sales. Explain whether the company’s annual profit will necessarily increase if the executives achieve the results necessary for bonus..
Illustrate what government body makes fiscal decisions. Policy makers for national fiscal policies. Explain the effects of fiscal policies.
If the firm must have $10 million when the mine is closed, what interest rate must the investment earn?
As a good economist, l answered "It depend." Explain my answer. Use your answer to explain attenuation bias.
You own a Down Under Sandwich Shoppe that has gross sales averaging $420,000 a year. You pay $40,000 a year in interest on a business bank loan. You also invested $70,000 of your own money in the business (on which you were earning 6% per annum inter..
If a political candidate said that if she were elected to Congress, she would work toward cutting federal government spending by one-third over the next four years; would she stand much chance of fulfilling her promise? Why or why not? Discuss the pr..
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