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"An auto-service establishment has estimated its monthly cost function as follows: TC = 6000 + 10 Q where Q is the number of cars it services each...
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without trade, England produced and consumed 32 units of cheese and 2 units of bread and spain produced and consumed 6 units of cheese and 2 units of...
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Consider a price-taking firm in the competitive industry for raw chocolate. The market demand and supply functions for a raw chocolate are estimated...
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Microsoft Word - EEP101.docx Question 3 You own a 10 year-old Ford pickup truck. The gas mileage of the truck is 10 MPG. You drive this truck 40...
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Exercise 1 You are a monopolist: The producer's cost at a constant average and marginal cost of S 12. 1. Calculate marginal revenue at each level of
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In the case for which the entrepreneur has sufficient funds to finance investment without borrowing, is it possible that the availability of
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Crude oil is transported across the globe in enormous tanker ships called Very Large Crude Carriers (VLCCs). By 2001, more than 92% of all new VLCCs...
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Perloff 13. In February 2005, the US Federal Trade Commission (FTC) went to court to undo the January 2000 takeover of Highland Park Hospital by...
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20-3 AIDS Insurance Suppose your company is considering three health insurance policies. The first policy requires no tests and covers all...
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qd=60-2p and qs-3p use the information provided to answer the ff questions calculate the quantity demaned and supply at the ff price
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A U.S. chemical firm has a production function of q=10(L^.32)*(K^.56). It faces factor prices of w=10 and r=20. What are its short-run marginal and
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Shoe Repair is C(q)=100+10q-q^2+(1/3)q^3, what is the firm's marginal cost function? What is its profit-maximizing condition if the market price is p?...
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Question 8. If the expected gains on stocks rise, while the expected returns on bonds do not change, then (Points : 1) the demand curve for bonds...
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Refer to the table below. China has a comparative advantage in?
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Submit a 250- to 300-word response addressing one of the following historical events in terms of labor supply and demand:
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A Treasury bond that matures in 10 years has a yield of 6%. A 10-year corporate bond has a yield of 8%. Assume that the liquidity premium on the...
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According to the Census Bureau, 3.34 people reside in the typical American household.
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You are the manager of College Computers, a manufacturer of customized computers that meet the specifications requied by the local university.
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If at an interest rate of 7 percent, planned investment is $2 trillion, government spending is $3 trillion, net taxes are $2.8 trillion, and...
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Assuming you are a college student, which of the following are opportunity costs involved in attending college?
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Assume there are no investment projects in the economy that yield an expected rate of return of 25 percent or more.
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Suppose that there are two firms competing in the market for taxi services. Big Ben Taxis has the marginal cost MC B = $9 per trip, and the fixed...
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You just accepted a campus job helping to raise money for your school's athletic program. You are told to draft a fundraising letter.
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Suppose that the Little Varmint Undergarment Corporation is a dominant firm in the market for children's underwear. The firm is currently earning...
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Readthe article "The efficient market hypothesis and its critics" by Burton Malkiel (2003). Answerthefollowingquestions: 1.
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We said that an uncrowded country club golf course has aspects of a public good. Why? Is it still a public good if it becomes crowded and people's
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After report in newspapers that savings are at an all time low, households begin to save more Using a correctly labeled loanable funds graph, show
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which of these refers to the proportion of variation in the dependent variable (y) that is explained by the estimate regression?
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I know the actual formulas but I also know you need to use the first total cost output for some of the functions.
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What would happen to Roger"s budget line if his income increased by 10 percent, holding prices constant?
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Examine the statistics for New Zealand and Yemen's Human Development Index in greater detail. Write an ESSAY about this week's subject.
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Read all the chapters carefully starting week 1 as the information will be very important in writing this essay.
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Ted is trying to decide how much to consume during the next two periods: (c1, c2).He will get no money in period 1 and $1000 in period 2.
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Suppose Pat's demand for ounces of soda in a month is q= D(p) = 600 -30p, where p is the price of an ounce of soda in pennies.
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QUESTION 11 A local store noticed that when it increased the price of milk from $2.50 to $3.50 it sold exactly the same amount. Which statement below...
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According to the text (page 33), GDP per capita in the U.S. was $49,000 dollars in 2009. What will it be in 2019 given the following three
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The Fed can decrease the equilbrium interest rate from 6 percent to 2 percent by A) Increasing the reserve requirement B) Buying bonds C) Increasing
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RussCo manufactures a proprietary pesticide that can is made at a plant in the United States and a plant in South Korea: South Korean Cost Function:
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Choose a local market based on the location of one member of your team. You should try and choose a market where pricing plans are readily available...
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Predict changes in the equilibrium price and quantity if there is a bad heat wave in Texas and if the price of coffee must be raised 10% to...
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The imposition by government of a minimum wage (above the existing wage level) will a) reduce employment in a competitive labor market.
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6. OPEC is the economist's favorite cartel to study, partly because it had such a spectacular short-run success and partly because oligopoly theory
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Assignment 3 1. Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn matter which side it is...
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Read the scenario presented in Chapter 6 Problem #2 (at the end of the chapter): While you were visiting London, you purchased a Jaguar for 35,000,...
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The majority of the world's diamonds comes from Country A and Country B.
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Meckena Enterprise is a commercial real estate developer. You recently joined Meckena and your position reports directly to Lina Cole, the CEO.
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When comparing two alternatives X and Y, a consumer either prefers X to Y, prefers Y to X, or is indifferent between them. This property is called:...
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write a 5 pages report illustrating the diversity at work places and how they affecting organizations economically
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What are some of the limitations of the national income accounts in how they represent our standard of living?
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in 1 page . read http://www.nytimes.com/2015/05/23/us/politics/obama-set-to-strengthen-federal-role-in-clean-water-regulation.html?
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