Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A plumbing manufacturer makes two lines of bathtubs, model A and model B. Every tub requires blending a certain amount of steel and zinc; the company has available a total of 24,500 pounds of steel and 6,000 pounds of zinc. Each model A bathtub requires a mixture of 120 pounds of steel and 20 pounds of zinc, and each yields a profit of $90. Each model B tub produced can be sold for a profit of $70; it requires 100 pounds of steel and 30 pounds of zinc. To maintain an adequate supply of both models, the manufacturer would like the number of model A tubs made to be no more than 5 times the number of model B tubs. Find the best product mix of bathtubs.
In the short-run, a decrease in the wage rate paid by the firms making up a perfectly competitive industry has no effect in the output market. True or false, and why?
Explain how the aggregate expenditure function shifts in response to changes in each of the following variables:
Draw the AD and AS curves, and assume that equilibrium is at a point where output is below the natural level of output. Suppose that the central bank increases the money stock. What will be the effects on output in the short run and in the medium ..
Suppose Big country can produce 80 units of X by using all its resources to produce X or 60 units of Y devoting all its resources to Y. Comparable figures for small Nation are 60 units of X and 60 units of Y.
Some economists did a study of market for economists in Britain. They discover that the quantity demanded was about 150 per year, and that the quantity supplied was about three hundred per year
The firm is considering a movement of the plant to Shenzen, China where labour is cheaper. The same mathematical relationship between inputs and outputs will hold.
What is a supply shock.Give an example of a current supply shock. which way does this shock move the AS curve.
Scenario: Your system was running fine, but you occasionally notice the sound output was "glitchy" and you decide to add a sound card. As luck would have it, a friend gave you his old sound card from a system he threw away.
A table saw costs $175 at a local store. You may either pay cash for it or pay $35 now and $12.64 a month for 12 months beginning 30 days hence. If you choose the time payment plan, what nominal annual interest rate will you be charged?
Calculate the equilibrium price/output solution and Determine the loss in consumer surplus due imposition of a $4.40 per bushel price support program. Explain your answers well.
However, using these new concrete forms adds 10% to the overall cost of the home. A typical 2,000 sq. ft. home using standard concrete forms costs $120 per square foot to construct and uses $300 per month average to heat and cool. Calculate the IR..
Solve for the price elasticity of demand for the following goods and then determine if the good is elastic or inelastic. Show your work.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd