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Given two sets S1 and S2 (each of size n), and a number x, depict an O (nlogn) calculation for discovering whether there exists a couple of components, one from S1 and one from S2, that signify x. (For incomplete credit, give a Θ (n2) calculation for this issue.)
Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously. a. Find q..
Suppose the cross price elasticity of demand among peanut butter and grape jelly is negative.
Taxes are related to income
Two construction companies are lobbying to obtain a share of work on repaving city streets. The share of the project going to each firm depends on money contributions to the mayor's reelection fund. The project has value V in total.
What is a government budget surplus and how does it affect the amount of savings that a government does? What happens if the surplus turns into a deficit?
For decr returns to scale, if a firm hires double the amount of managers and also doubles all other input, the managers may not be able to manage their tasks at hand because of how difficult the company has become to handle. Therefore output will ..
Governments routinely alter their spending patterns to impact the economy, particularly as they relate to GDP growth and unemployment levels. Explain what effect an expansionary fiscal policy would have on the price level and real GDP starting fro..
Assume that there are only two inputs (labor and natural resources) producing two goods (movies and gasoline) with no improvement in society's technology over time. Further, assume that natural resources are being rapidly depleted.
In a 1990 article assessing the 1980's, Time reported that: "The good news is that U.S. gross national product doubled during the 1980s, from $2.7 trillion to $5.3 trillion." The GNP number they refer to is nominal GNP. Why might this news not be as ..
Explain why the demand for dollars is inversely related to the real exchange rate
Create a graph of that charts out the Federal Surpluses / Deficits and Real GDP in each year from 1965 to 2011. (Be careful with the Surplus / Deficit data, since there is an additional entry to account for a change in how the data ..
To what degree, if any, are consumers responsible for the way workers are treated in manufacturing plants that produce consumer goods? Would you be less willing to buy an iPad if you learned that it was manufactured in a plant in which workers worked..
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