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It seems that most personal loan rates follow mortgage rates. Is this true? What are the historical mortgage interest rates in the United States for the last 30 years? What happens when rates are high? What happens when rates are low?
Assume that Costa Rica has leakages from its macro economy so that only 80% of every dollar spent there is spent again there. What is the recessionary spending gap, or the pro
A firm starts production of a new product, and forecasts production and sales during the time periods (t1,t2,t3)=(1,2,3). The demand during time period t is estimated to be eq
Suppose you are currently earning $15 an hour. If the inflation rate over the current year is 10 percent and your firm provides a cost-of-living raise based on the raise based
Consider the following production function f(k,l) = k^1/3 + l^1/3. Suppose the government taxes labor at by an amount t per unit of labor. Rewrite the long run cost function i
Describe what observations and decisions might be made based on comparative labor costs. What countries, based on labor costs alone, might seem best to lower labor costs.
The Clean Air Act instituted trades between states for SO2 emissions. Several utility companies across geographic borders have engaged in such trades in recent years. Consider
Should the Federal Government increase social services initiatives to improve the quality of life issues for the less fortunate ones. (For instance: promoting training/educati
Suppose that a new entrant comes late to the bidding process, and plans a super competitive bid of $13,900 per case. This is a new orthopedic institute that is made up of seve
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