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1. Identify the four basic inputs to an economic system.
2. What is an entrepreneur?
3. What is an alternative term for private enterprise system?
4. What is the most basic freedom under the private enterprise system?
5. What feature or features do you think Google has identified as its basis for competitive differentiation?
When should this item be reordered. What could be the risk of stockout would result from a decision not to have any safety stock.
q1. your cousin zenzo owns a painting company with fixed costs of p200 and the following schedule for variable
Fed's policies both in terms of the positive also negative consequences of such policies also in relation to the Keynesian also classical theories.
Quality in medical care may be defined as achieving the greatest benefit at the lowest risk. How have the priorities of our health care system and the allocation of resources addressed this goal?
You are trying to determine how much your family needs to set aside for the four years you plan to attend college for your tuition. You expect your tuition to increase your sophomore year by 11%, 12% your junior year, and 9% your senior year. How muc..
Which of the following products and services are likely to encounter adverse selection problems: golf shirts at traveling pro tournaments, certified gemstones from Tiffany's graduation gift travel packages, or mail-order auto parts? Why or why not?
Jane lives in a dormitory that offers soft drinks and chips for sale in vending machines. Her marginal utility for soft drinks (Good X) is equal to 3Yand her marginal utility of chips (Good Y) is equal to 3X. MUx = 3Y MUY = 3X Soft drinks are priced ..
Write down the profit maximization problem and optimality conditions. What is the technical rate of substitution? What is the rate of transformation? What is my demand for L? What is my demand for K? (d) Write down the cost function as a function of ..
Suppose government spending increases. Would the effect on aggregate demand be larger if the Fed took no action in response or if the Fed were committed to maintaining a fixed interest rate? Explain why and give an example
Alice maximizes expected utility with an index u(x) = √ x where x is the total annual income. Her annual wage is $90000 and she gets an extra bonus of $70000 with probability 0.5. Alice’s certainty equivalent of this gamble is
Suppose that the economy improves and the crime rate in West Philadelphia drops, so that the marginal product and average product of a group of 100 police offers is now 55 arrests per hour for any number of police officers. What is the optimal alloca..
If undergraduate universities changed from a letter grading system (A,B,C,D,F) to a pass-fail system, what impact would this most likely have on the usefulness of education as an effective employee screening device? Analyze what effect this may have ..
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