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If 1 seed is 120$, and farmer may earn 2 bushels of wheat from 1 seed, then 5 bushels of wheat from 2 seed and 8 bushels of wheat from 3 seeds then the total cost is increasing in which of the following ways if there are no any fixed cost, a. increasing at an increasing rate, b. increasing at an constant rate, c. increasing at an decreasing rate, d. decreasing
1. what do you mean by quality of capital per worker? how does improvement in quality of capital affect economic
How do market prices differ between perfectly and imperfectly competitive markets?
Assume that someone told you that an increase in price of DVD players caused the decrease in demand for DVDs. Is this what you would predict? Why or why not?
A household allocates its $2,000 monthly income to the purchase of three goods. Prices of these goods are $30, $40, and $20 per unit- Write the household monthly budget constraint.
How do stock prices behave if stock markets are efficient and if investors do not care about risk? Explain the major options available to a bank that is short of reserves. What determines which option a bank is likely to choose? How can the Fed affec..
What is the own price elasticity of demand when Px = $154? Is the demand elastic or inelastic? What would happen to the firm's revenue if it decided to charge a price below $154?
Suppose the market demand function is Qd = 5I + 10P1 - 0.4P2 , where I is income in $1,000 and P1 is price of a related good- What is the relation between these two goods?
Create a hybrid theory/philosophy which combines the common elements found in the thinking of Case, Kouzes, and Drucker. In your philosophy, be sure to include the new definition of entrepreneurial leadership presented in Understanding Entrepreneu..
Describe the process in the money market (demand and supply of/for money) by which the interest rate reaches its equilibrium value if it starts above equilibrium.
What are the equilibrium price and output for systems assuming no diversification by the R monopolist? Suppose that the monopolist ties sale of U to R. The monopolist will sell R only to consumers that purchase U from it.
Retail sales taxes are used at the state and local level to finance general fund expenditures. In other words, the tax revenue collected via the sales tax is not tied directly tied to benefits received by each taxpayer. Retail sales tax fair?
The estate tax attempts to promote equity in the distribution of income and wealth by: A speculative bubble occurs when: A progressive tax is a tax that: Expansionary monetary and fiscal policies are used by policy makers in a recession to: The socia..
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