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1. In the town of Woodland, California, there are many dentists but only one eye doctor. Are senior citizens more likely to be offered discount prices for dental exams or for eye exams? Why?
2. Why did MGM bundle Gone with the Wind and Getting Gertie's Garter? What characteristic of demands is needed for bundling to increase profits?
Calculate the price elasticities of demand for A and B at P=30, 20 and 10. How does the elasticity change as you move down the demand curve?
A manufacturer produces six products from six inputs. Each product requires different combinations and amounts of inputs. The following table shows the profit and raw materials requirements for each product. The last column shows the total amounts..
Question on vertical integration
A country has the per-worker production function yt = 5k^{^{.5}}t , where yt is output per worker and k t is the capital-labor ratio. The depreciation rate is 0.2 and the population growth rate is 0.05. The saving function is St = 0.2Yt , where St is..
If prices rise, people's income from selling goods increases. However, the growth of real GDP ignores this gain. Given this information, why do economists prefer real GDP as a measure of economic well-being
what is the difference between contractionary and expansionary fiscal policies? which is more appropriate today?
Derive the demand function
Draw Aggregate Demand, Short Run Aggregate Supply, Long Run Aggregate Supply diagram, starting at the long run equilibrium. Show on the diagram what happens to a given economy when the government lowers income taxes for all citizens. Show on the diag..
Economic concerns to research: Research data sets for the one economic concern within the South American country that you have chosen.
Flood damage in the Brush Creek area averages $7,000 annually. Civil engineers with floodplain expertise have designed a series of small dams to restrain the flow. They will cost $25,000 and will involve annual maintenance charges of $500. What is th..
do some research on great depression and the new deal. also look up keynesian economics. based on the research could
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