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Assume that the relationship between the growth of a fish population and the population size can be expressed as g = 2P – 0.1P, where g is the growth in tons and P is the size of the population (in thousands of tons). Given a price of $50 ton, the marginal benefit of smaller population sizes can be computed as 10P – 200. (a) Compute the population size that is compatible with the maximum sustainable yield. What would be the size of the annual catch if the population were to be sustained at this level? (b) If the marginal cost of additional catches (expressed in terms of the population size) is MC = 2(80 – P), what is the population size that is compatible with the efficient sustainable yard?
Set up the game and find the equilibrium assuming that Apple and Yahoo move simultaneously, If the firms are Cournot duopolists, how much profit with each firm earn and what will the market price be and how much profit will each firm earn?
What factors explain the high degree of independence of the Fed? 5. What factors limit the independence of the Fed? 6. What is the case in favor of Fed independence? What is the case against Fed independence? 7. What is the theory of bureaucratic beh..
Give two conditions that are important to the efficient market theory. List one implication of the efficient market theory.
describe each of the four properties of indifference curves. explain what is meant by asymmetric information. identify
Explain how each of these activities affects government, households, and businesses. Explain the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.
consider a consumer with utility ux y radicxy . the consumer has 100 to spend and the price of x is 5 and the price of
Presume you buy a share of stock for $20 and sell it for 40. Then your profit is $20. If that happens within a year, your rate of return is an impressive 100%. If it takes 6 years, what would be the average annual rate of return on your investment?
hormone free dairy milk has been found to be potentially more beneficial and healthy. consider the market for this
use stata to analyze the data listed in the file anovadata.xlsx. the data are changes in fat-free mass in women after
The empirical evidence concerning the magnitudes of localization and urbanization economies.
general cereals is using a regression model to estimate the demand for tweetie sweeties a whistle-shaped sugar-coated
Describe how free market features could be introduced to help alleviate the problem
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