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Share 1 experiences where you experienced consumer surplus. (you paid less than you otherwise would have been willing to pay). Also share your thoughts on why the surplus happened, in other words why did you think you would pay more than you did.
Imagine that you have been asked to design a GPS product that will have voice recognition and Bluetooth capability. Discuss and conceptualize a user interaction model. Predict two (2) problems that may arise in GPS products with voice recognition ..
Suppose that F is a field of characteristic 0 and E is the splitting field for some polynomial over F. If Gal(E/F ) is isomorphic to D6, prove that there are exactly three fields L such that E subset L subset F and [E:L] 5 6.
Moving Equilibrium. Show the effect of each on the monopoly market equilibrium; you don't need to have exact answers but explain the direction of change in the demand and/or marginal cost curves.
Many would consider the US Postal Service a publically good. Is this assumption valid.
Research unemployment and inflation.Use your course materials and the Internet for your research. Use the following to guide your research:Examine articles discussing unemployment and inflation rates within the last 12 months.
Explain why would you expect inflation rate to increase if the actual unemployment rate refused to a level lower than the "full employment" unemployment rate.
Suppose that every driver faces a 1% probability of an automobile accident every year. An accident will on average cost each driver $10,000. Suppose there are 2 types of individuals:those w/$60,000 in the bank and those with $5000 in the bank.
What is the total welfare (i.e., total surplus) at this outcome? d. What is the optimal level of pollution? What is the optimal level of pollution abatement? e. What is the total welfare (i.e., total surplus) under this optimal outcome?
Illustrate recommendations would you make to Congress and the President for the management of fiscal policy.
The market of laptops is given then take the range of values for the price from $1 to $30 and calculate corresponding demand and supply quantities.
Develop a structure chart for this segment of the Holiday Travel Vehicles system. What type of structure chart have you drawn, a transaction structure or a transform structure? Why?
Globalization and global trade have led to increased competition in world markets and increased allocation of scarce resources. Is it accurate to say that this is contributing to increased consumer surplus and reductions in inflationary pressures?
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