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1. Draw a depensated growth function that is not critically depensated. Label any stable or unstable equilibria. Discuss whether this function might apply to the growth of some animal stocks.
2. Wild morel mushrooms are a delicacy in soups and salads. The following table shows the number of mushrooms that can be harvested per picker per hour in a fictional forest, depending on the number of pickers.
(a) Assuming that each mushroom sells for $1, graph the average and marginal revenue for society at each level of effort (number of pickers).
(b) Given that the opportunity cost of each picker's time is $10 per hour, label the socially optimal number of pickers and the number of pickers that will enter if the forest is an open-access resource. Explain why the pickers will dissipate the economic rent.
what are the real after-tax costs of funds to the business? Similarly, if an investor receives a nominal return of 8 percent on a savings deposit, the tax rate is 30 percent, and the inflation rate is 6 percent, what is the after-tax rate of retur..
Is the promise to match any lower price a substantive promise or an empty promise?
The mean annual income for people in a certain city (in thousands of dollars) is 38, with a standard deviation of 31. A pollster draws a sample of 43 people to interview. Find the 68th percentile of the sample mean.A certain car model has a mean..
Evaluate the merit or otherwise of the above statement by commenting on the R2 values of the estimated CAPM regressions above.
a producer produces good y using a single input x according to the production function yxa where 0ltalt1. the producer
Five years ago, a company invested in equipment having a 10-year technological life and before-tax cash flows (gross income less expenses) given below. Sales were not as good as projected, and the company is considering terminating the project.
Use at least three (3) quality resources as references for the assignment and document your sources using APA Style for in-text citations and references. Note: Wikipedia and similar Websites do not qualify as quality resources.
What is the expected value of earnings in the middle period of life? Given this number, what is the present discounted value of expected lifetime labor earnings? If the consumer wishes to maintain constant expected consumption over her lifetime, h..
Use the firm s short-run cost curves to evaluate this approach. Draw the firm s short-run supply curve and compare it to the supply curve of a firm that maximizes its profit.
man wants to help provide college education for his daughter. He can afford to invest $600/yr for the next 4 years, beginning on the girl's 4th birthday, he wishes to give his daughter $4000 on her 18th 19th 20th and 21th birthdays, for a total of..
The staff economist at the utilities commission estimates the demand and supply curves for pay telephone service as follows: D: Q = 1600 - 2400P S: Q = 200 + 3200P where P is the price of a pay telephone call, and Q is the number of pay telephone ..
How far above the ground was the ball when it was first thrown?
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