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How are leakages and injections balanced? Why will demand and supply in the product market be equal if leakages and injections are equal?
One of these is the Standard model, while the other is the Deluxe model. The profit per unit on the Standard model is $60, while the profit per unit on the Deluxe model is $40. The Standard model requires 20 minutes of assembly time
Identify target market and segmentation strategies
monthly payments on a loan is $1000 for the next 10 years. Determine the value of the loan if the nominal rate 6% compounded monthly. if we want to pay the loan in 50 months what is the monthly payment
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.
Suppose that, in addition to a higher price, the government imposes a ration on George that limits his purchase of gasoline to less than some amount within his affordable set. Draw the new effective budget constraint.
Bill Oranges/ Apples 20/ 0 10/ 10 0/ 20 Brian Oranges/ Apples 10/ 0 5 /15 0/ 30 Explain who has a comparative advantage in the production of oranges and who has the advantage in the production of apples.
which way do we shift the demand curve? Why?
TOTAL CIVILIAN POPULATION AGE 16 AND OLDER: 233.8 million NOT IN LABOR FORCE: 79.5 million CIVILIAN FORCE TOTAL: 154.3 million - EMPLOYED: 145.4 million - UNEMPLOYED: 8.9 million CIVILIAN UNEMPLOYMENT RATE: 5.8%
Describe the successive loss of information as the presentation changed from ratio to nominal.
Suppose there are n identical firms in a market in long run. Each firms cost function is given by C=32+.5q^2, where q is the amount that an individual firm produces. This means that an individual firms marginal cost is given by MC=q.
David Ding advertises on a local radio station. For the past sixweeks, the manager has kept records of the number of minutes ofadvertising that were purchased, and the sales for that week. Week1, 2 minutes of advertising with $1.400 in sales.
Industry structure is often measured by computing the Four Firm Concentration Ratio. Assume you have an industry with 20 companies and the CR IS 30 percent.
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