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If a Japanese citizen in Japan receives dividends from the shares of stock she or he owns in General Electric, an American firm, the transaction would be recorded on the U.S. balance of payments as a:
a. financial account debit
b. financial account credit
c. current account debit
d. current account credit
Explain and derive the relationship between Demand, Elasticity of Demand, Total Revenue (TR), and Marginal Revenue (MR).
what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?
In signalling games, it seems that the Cho Kreps refinement (intuitive criterion) is the go to refinement for eliminating bad sequential equilibrium. Divine equilibrium and perfect sequential equilibrium are also interesting refinements though. Are t..
Alchemy allows the other firms to sell as much as they wish at the established price and supplies the remainder of the demand itself.
A movie monopolist sells to college students and other adults. The demand function for students is QdS = 800 100P and the demand function for other adults is QdA = 1800 100P. Marginal cost is $2 per ticket. What prices will the monopolist set when sh..
Assume that you borrow $15,000 for five years (annual payments) at a market rate of 5%. Assuming that inflation is 3.5%, what would the equivalent equal annual payment be in constant dollars?
You are asked to conduct a five-year (Year 0 to Year 4) economic feasibility study. Based on project schedule, you conclude that the system will not be in operation during the current year (Year 0). New computer costs $11,000 and the development cost..
Illustrate what price should the owners of blue skies set for engines in order to avoid this problem and maximize overall profits.
Beat To A Pulp, Inc. sells paper and uses paper machines and labor in production. It pays $800 per employee and $400 per paper machine. Its marginal product of labor (MPL) is 1600 reams of paper per worker and marginal product of capital (MPK) is 200..
The German philosopher Immanuel Kant condemned Utilitarianism as an immoral ethical theory mainly because:
After reading Psalm 55:21, discuss the freedom of speech section of the First Amendment to the U.S. Constitution and its protection and permitted regulation, of commercial and political speech engaged in by business, including justifications for such..
Show how the IS curve and the LM curve can be shifted to get an increase in output without a change in interest rates. What kind of mix of monetary and fiscal policy is needed to do this? Will a reduction in interest rates, while holding output const..
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