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Intro Economics questions
How do you calculate marginal rate of substitution?
1. What happens to the isoquant line if one cost or budget changes and which way do they move?
2. Long run average cost why it goes up and down
3. Production possibility frontier
4. How do we derive supply in perfect competition?
5. Producer surplus what is it and how do we calculate it
6. What are short run stages of production where does stage one and stage two and stage three begin
7. What are the conditions for maximizing profit?
how much would the original $20,000be worth in three years? What is the present value of the $25,000? Which option should Howard choose?
How does a tax affect an individual’s decision? Consider the case of an individual who consumes two goods: bread and tortillas, both of which are initially free. Also, assume that the price of each good and the individual’s income are given
q1. illustrate what is the meaning of economies of scope and explain how do they differ from economies of
Use the sticky wage theory of aggregate supply to explain what will happen to output and the price level in the long run. What role does expected price level play in the adjustment?
A firm has enough retained earnings to finance an investment project. For this firm, the market interest rate:
What is intra-industry trade and how is it affected by economies of scale, differentiated products, and vertical foreign direct investment? Explain.
Consider a new per-worker employment tax on workers (where previously there was no tax). outline the consequences of this tax on the local labor market. use appropriate, clear and well labeled diagrams.
Lisa plans to retire on her 61st birthday. On her 22nd birthday, Lisa will start savin $A per year for 40 years. Starting on her 62nd birthday, Lisa plans on withdrawing $10000 and will continue these annual with drawls until the account is exhausted..
Illustrate that an increase in government spending can improve consumer welfare.
In the early part of the 21st century the high protein Atkins diet became quite popular in the US. Explain what the popularity of this diet would do for demand for a high protein food like meat and for the marginal utility of meat at former levels of..
On balance, should companies continue to allow personal technological devises on the job or should they disallow them? If they allow them, what policies should be put in place?
The bond, which may be called after five years, has a nominal yield to call of 5.4%. What is the bond's call price?
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