Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The demand function for a product using resource X is given by Q = 180-2P and the cost of production is constant at MC = 20
Write the inverse demand function for this product.
Find the static equilibrium for this product in a single time period (call this t0).
Write the function for Marginal Net Benefit (MNB) (Hint: Because MC is constant, simply subtract MC from the inverse demand curve to establish MNB).
Suppose that there is a limited stock amount of 200 units that can be consumed in two time periods t0 and t1. Assume that the current generation (those consuming in t0) pay no regard at all to the consumption in t1. How much is left to consume in t1?
Suppose the discount rate is 4%. What is the dynamically efficient consumption/production in t0? What is the dynamically efficient consumption/production in t1?
When future benefits are discounted, is the dynamically efficient consumption of the current generation higher or lower than that which occurs without discounting? Explain why.
If the economy's output is initially above full employment and if prices are rising, which of the following policy combinations could restore full employment and keep the exchange rate at the same level? Contractionary monetary policy and expansionar..
Hurricane Katrina damaged a large portion of refining and pipeline capacity when it swept through the Gulf coast states in August 2005. As a result of this, many gasoline distributors were not able to maintain normal deliveries. the quantity demanded..
U.S. government price supports for milk led to an unceasing surplus of milk. In an effort to reduce the surplus about a decade ago, Congress offered to pay dairy farmers to slaughter cows. Use two diagrams, one for the milk market and one for the mea..
Consider a nation that produces food (Qf) and clothing (Qc) according to the following production functions: Qc=sqrt (Lc) Qf=sqrt (Lf) where, Lc and Lf are the number of hours in production of clothing and food respectively. Determine the autarky equ..
Diesel Locomotive are extreamley durable. The price of a new locomotive is $450,000 and if it is overhauled every 15 years at a cost of $75,000 it can be operated indifinetly. Annual operating cost (fuel, labor) are estamated at $150,000 a year. What..
Suppose that the Fed conducts an open-market purchase of $1,500 in securities from the nonbank public. The Fed pays for these securities using currency, which the nonbank public holds in the form of cash. Show how this transaction affects the liabili..
What are the advantages of using paper money rather than potatoes? What is MI? How large is the latest measure of MI? How much has the money supply increase or decreased over the last year.
A drug patent gives a pharmaceutical firm a monopoly. Draw and label the supply and demand curves for a drug. Then demonstrate how having a monopoly changes that equilibrium. How does this impact consumer surplus? What actions can the government take..
Assume that a “leader country” has real GDP per capita of $40,000, whereas a “follower country” has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 5 percent..
Suppose you have hired a new worker, unfortunately you do not know if the worker is a shirker or a hard worker. Suppose working hard raises the probability of making a sale from 40% to 80% (thus raises the probability of making a commission C by the ..
What is your total cost? What is your Average Fixed Cost? What is your Average Variable Cost? What is your Average Total Cost?
The equilibrium price and quantity of gasoline is $2.50 per gallon and equilibrium quantity is 15 million gallons. The price elasticity of demand is -0.5 and the price elasticity of supply is 1. The state legislates that a sales tax of $0.10 per gall..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd