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Big Top is the only circus in the nation. Table 2 sets out the demand schedule for circus tickets and the cost schedule for producing the circus.
If Big Top is regulated to produce the efficient output, what is the quantity of tickets sold, what is the price of a ticket, and what would be the consumer surplus?
What profit will each make in this new situation?
If w is the cost of a unit of labor and r is the cost of a unit of capital, derive the firm's long-run total cost curve and average cost curve in terms of the input prices and Q.
Determine the equilibrium price and quantity. Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Provide a rationale in which you cite your results.
Do you think China's experience in raising its standard of living (output per person) provides a model for developing countries to follow?
Suppose we have a wholesaler firm that charges a retailer r for the retailer's only input. The marginal cost of the wholesaler is $2. It takes one unit of the input to produce one unit of the retailer's output and in addition to the price of the i..
A French company merges with an American company; stockholders in the U.S. company exchange their stock for shares in the French firm.
An investor purchased 100 shares of Omega common stock at $80 a share plus $20 commission for the transaction. He held the stock for nine years. For the first four years he received annual end-of-year dividends of $6 per share.
Find the BLUE estimator of µ in the case where it is known that Y1 and Y2 have the same variance (are homoskedastic), say σ2Y . Show that it is, in fact, BLUE. Report the variance of this estimator.
What happens if you estimate the wage regression similar to (10.12) in a world in which the source of disparity in schooling is differences in discount rates across individuals?
The government introduces a subsidy s=10 per unit of sugar exported and at the same time it doesn't let any imports in. Calculate the new (i) domestic price, consumption and production, (ii) world price and quantity exported by the country. What w..
Show through an example that a network might have several topological orderings of its nodes. Show that the topological ordering of a network is unique if and only if the network contains a simple directed path passing through all of its nodes.
given the following diagrams q1 15 bags. q2 10 bags. q3 22 bags. the market equilibrium price point b is 25 per
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