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A machine is to be depreciated by units-of-production method. It is purchased for $25,000 and is expected to produce 100,000 units, then be sold at 20% of the purchased cost. If up to the end of the third year, the machine will produce 60.000 units and during the fourth year to produce 10,000 units, find the HV at the end of the fourth year.
Illustrate what do laws of supply and demand predict would be result of an immediate removal of minimum wage in terms of price of labour and quantity available.
The Paradise Shoes Company has estimated its weekly TVC function from data collected over the past several months, as TVC = 3450 + 20Q + 0.008Q2 where TVC represents the total variable cost and Q represents pairs of shoes produced per week. Describe ..
What a man needs to help provide a college education for his young daughter. He can afford to invest $800/yr for the next four years, beginning on the girl's fourth birthday.
Explain how will this affect wages and number of workers in home construction. How will this affect the cost of building a home.
Explain what are the two main efficiency considerations from price discrimination (that is, the effect price discrimination has on welfare depends on which two key things).
Why haven't large nationwide chains been particularly successful dominating upscale consumer markets in areas like restaurants, jewellery and wine, while they have taken over mass production markets such as fast food and beer?
By paying a higher-than-market wage, a firm can avoid the problem of:
The Gauss-Markov theorem states that OLS estimates are BLUE. List what word each letter in the acronym BLUE stands for. Then, give an intuitive definition for each of these words ?
Toro Company is expanding its El Paso plastic molding plant as it continues to transfer work from Juarez, Mexico contractors. The plant bought a $1.1 million precision injection molding machine to make plastic parts for Toro lawn mowers, trimmers, an..
Factor mobility means the ease with which a factor can be moved from one form or area of employment to another. There are two aspects to mobility. Movement from one employment to another is called occupational mobility and movement from one plac..
What are the goals/objectives of judges (what do they maximize)? Filing fees: for the marginal case, the one that may or may not be filed the filing cost should equalt what?
At the equilibrium values, determine the price elasticity of demand. What does this number tell us?
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