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A produced 7 cups of coffee($4 a cup) and 4 cups of decaf ($3 a cap) during 2013, During 2014 , A produced 9 cups of coffee($5 a cup) and 5 cups of decaf( $3 a cup)
Calculate the CPI for 2014 assuming 2013 is the base year.
What price should the leader charge to drive all the small firms out of the market? Write the marginal revenue function of the dominant firm.
China has begun to allow gradual changes in the RMB/dollar rate since 2005. There are still observers believed the RMB is undervalued. Which of the following statement is true holding other things constant?
When more people buy the more expensive brand name drugs rather than the cheaper generic drugs, how does this affect the cost for health insurance companies? Hint: We are now looking at the health insurance market, not the health care market.
Some say: “It’s not true there are substitutes for anything. If you want omelets, you need eggs. There are no substitutes for eggs in an omelet.” Analyze this argument critically. Use relevant economic concept(s) to justify your answer. (The assertio..
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Suppose you have a perfectly elastic supply curve represented by P=5, and a demand curve represented by the equation P = 20 - Q . Draw a supply-and-demand diagram representing this situation, and find the equilibrium price and quantity.
Suppose that Erin spend her incomes on two goods, food (X) and clothing (Y), and that her utility function is given by U(X,Y)=.20X2Y2 (The marginal utility for X is .40XY2 and that for Y is .40X2Y ). The prices of food and clothing are $10 and $20 fo..
Kaufmann's offers only an hourly wage. Do you expect Kaufmann's hourly wage to be higher or lower than Farleigh's.
56.a californian college student consumes internet services i and books b. her preferences are represented by a
It has been estimated that private prisons are about 10 percent cheaper, on a every prisoner basis, than public prisons.
Suppose that you were a dictator. Describe a law that you could decree that would eliminate or reduce frictional unemployment but would likely reduce productivity, and explain why. Describe a law you could decree that would increase frictional unempl..
Jen grows corn on her farm and uses it only for her family and to feed her farm animals. Assume the US Department of Agriculture passed an administrative rule that limited the amount of corn that Jen can grow, and set of financial penalty if she exce..
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