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Q1. The supply is Nerf balls Qs = -100,000 + 8,000p and the demand is Qd = 140,000 + 2Y - 7000p, where Q = Nerf balls per month, p is the price (in cents) of one Nerf ball, and Y is income in dollars. Initially, Y is $30,000. The government imposes a tax of 10 cents per Nerf ball. What percent of the tax is borne by buyers? If income rises to $40,000, how much will tax revenue rise?
Q2. Suppose you read in the newspaper that all last week the Fed conducted purchases in open market, and that on Tuesday of last week it lowered the discount rate. Illustrate what would you say the Fed was up to?
In general, how would a capital budgeting constraint on the available amount of investment funds influence these decisions? How would differing levels of project risk influence these decisions?
Illustrate what might you call an outward shift of a nation's production possibilities frontier.
Explain how you might use this survey data to predict the difference in the probability of marijuana use between married and single people.
Elucidate the most likely reason the city council in New York City consistently denies licenses to independent van drivers selling rides to the public.
Identify 3 types of competition that most firms encounter other than competition from other firms in their industry in their home nation.
Describe the impact of effective communications to the internal public's of the company. Utilize the communications procedure to make an effective internal public relations action plan.
The sales director for an industrial supplies firm has collected information describing the performance also personal characteristics of 80 members of her sales force.
Derive the short run total cost, short run average cost also short run marginal cost as functions of output q.
Elucidate how can you derive an equation describing labor demand in this economy as a function of the real wage also capital stock.
Assume Microsoft chooses to produce 80 million copies of the software per year and sells copies of the software to retailers at $199 per copy.
A current database in education is whether teachers should be paid on a standard pay scale based solely upon their years of training and teaching experience, or whether part of their salary should be based upon their performance
Evalute with 95% confidence the decrease in percentage support between now and 6 months ago.
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