At present, u.s. railroads own about

Assignment Help Microeconomics
Reference no: EM13154069

This is for Microeconomics

Question 1.How would a gradual increase in the percentage of fathers who stay home to care for young children while their wives continue working ultimately alter the male-female wage gap?
What Is likely to eventually happen to the male-female wage gap if a higher percentage of college graduates continue to e women in future years? 

Question 2. Today when a composer wishes to record a six-minute musical composition written for an ensemble of 18 string instruments, one option is to pay about $50,000 for 18 musicians to product a professional recording. Another option is to pay $800 to firms such as Fauxharmonic Orchestra to create a recording using a computer program that re-creates the tones of the required 18 instruments. For most composers, this is an easy decision to make. As the price of computer-generated musical recordings has decreased, the demand for human musicians has declined.
What do you suppose has happened to the demand for string instruments used by performing musicians as a result of the decrease in demand for musicians' services?

Question 3. 
At present, U.S. railroads own about 595,000 railcars and lease an additional 717,000. The demand for rail freight services has increased markedly in recent years as the booming ethanol industry has sought rail transport of raw ingredients, by-products, and finished ethanol. The resulting rise in the price of rail freight services has increased railroads' marginal revenue product, so demand for railcars has also increased. Manufacturers' average annual product of railcars has been more than doubled since the early 2000s, to in excel of 60,000 railcars per year.
What would likely happen to the demand for railcars if the ethanol boom were to go bust?

Reference no: EM13154069

Questions Cloud

The proposal lead to an income tax base : Under current law, if your capital losses exceed your capital gains, you can deduct as much as $3,000 of losses against other forms of income. In the wake of massive declines in the stock market, in 2009 Senator Orrin Hatch suggested that figure be i..
The best articles are about changes : The best articles are about changes in the price and/or sales of a particular product. Or about the changes in the costs of production or of inputs that impact the supply curve.
What amount can kevin exclude from gross income : Kevin is a candidate for an undergraduate degree at a local university. During 2010, he was granted a fellowship that provided the following: What amount can Kevin exclude from gross income in 2010?
How confident for selling four houses within available time : If the agent has enough time to contact only 15 customers, how confident can she be of selling all four houses within the available time?
At present, u.s. railroads own about : At present, U.S. railroads own about 595,000 railcars and lease an additional 717,000. The demand for rail freight services has increased markedly in recent years as the booming ethanol industry has sought rail transport of raw ingredients, by-produc..
Operating part of the cash statement : If the ending balance in Accounts Receivable amounted to $400, and uncollectible accounts of $200 were written off, the amount of cash inflow from customers that would appear in the operating section of the cash statement would be:
Calculate ninety nine percent confidence intervals : Calculate 95 percent and 99 percent confidence intervals for m. Using the 95 percent confidence interval, can we be 95 confident that m is at least 50 pounds? Explain.
What mass of o2 is required : What mass of O2 is required for the complete combustion of 68.9 g of pentane, C5H12, to CO2 and H2O?
Six abbreviated bulleted items : Include no more than six abbreviated bulleted items for each slide in approximately 24-point font. The title slide content should include the title of the assignment, your name, your professor's name, the course title, and the date.

Reviews

Write a Review

 

Microeconomics Questions & Answers

  What determinants affect supply

what determinants affect supply and what affect demand. Once you have drawn in your change, write a short explanation for each question discussing what would be the new equilibrium price and quantity levels because of this change.

  Analyse a range of current economic issues

Analyse a range of current economic issues and problems and develop and communicate economic arguments in a variety of forms.

  Computing economic profit

HoneyBee Farms, a medium size manufacturer of honey, operates in market that fits competitive market definition relatively well.

  Find out all pareto optimal allocations and graph

Give a definition of Pareto Optimal Allocation in this economy. Find out all Pareto optimal allocations and graph them in the Edge worth Box and also describe what is the theory of Second Best? Prove the theorem by using a diagram.

  Characteristics of market leaders and monopolies

IBM Company has a reputation for not necessarily making new technology, but acquiring relatively new firms with innovations and successful technology.

  Interest parity concept using formal methods

Discuss and explain the interest parity idea using formal methods Describe IS and LM curve behavior and nominal interest rate in the domestic economy,

  Improve the ceos decision-making process

Provide a brief critique of the CEO's use of your analysis to arrive at her decision to keep the tuition reimbursement program. Assume that she has no additional information on the relationship between employee happiness and participation in the t..

  Supply and demand schedule for pizza

Graph the supply and demand schedule for pizza using $5 through $15 as the value of p. In equilibrium, how many pizzas would be sold at what price?

  Short run production function

You manage the plant the mass produces engines by teams of workers using assembly machines. The technology is summarized by production: Find out the short run production function? Find out the total cost function for your plant to produce q engines ..

  What is the average salary that they would pay

Given the asymmetric information situation a prospective employer faces in hiring from this labor pool, what is the average salary that they would pay without a signal?

  Question related to aggregate demand curve

Determine the effect of an raise in the quantity of money and find the difference between real variables and nominal variables? Are these variables affected through the quantity of money?

  Do pa and la have dominant strategies

Draw up the payoffmatrix for game and do PA and LA have dominant strategies? Explain your answer.iii. What is the Nash equilibrium? Explain your answer.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd