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Suppose you amke an annual contribution of $3000 to your savings account at the end of each month for 10 years. If the account earns 7% interest annually, how much can be withdrawn at the end of 10 years?
How is it possible for some people to pay negative taxes? Why is it important to distinguish between deficits and debt? Why may a budget surplus be considered undesirable?
A game everyone knows is coin flipping. Suppose that Player 1 flips the coin (and is so skilled that he is able to flip it whichever way he wants) and Player 2 calls heads or tails. Does either player have a dominant strategy? If so, which player and..
Consider an initial stock of 5000 tons of high grade ore. The demand function for this ore is P = 2400 – 0.2Q (Q is measured in tons/year), and the cost of extraction is constant at c = $200/ton. The discount rate is r = 0.10. Recalculate Q0, Q1, p0,..
A firm uses labor and capital to produce output according to the production function q= 100KL, where L is the number of units of labor used and K is the number of machines. Suppose the price of capital is $120 per day and the price of labor $30 per d..
What are some of the ways that the ease and simplicity of our current technological devices also lead us at times to surrogate our daily responsibilities onto these devices?
Search Engines today use Search Engine Optimization and Pay per click advertising. Explain the positives and the negatives for using each Search engine optimization or pay per clicking? Explain which one that you would choose or would you use both in..
What actions have been taken by the government to deal with the ups and downs of the business cycle in the United States? Please look back in history to round out your answer.
a friend of yours is considering two cell phone service providers. provider a costing 120 month for the services
You are the manager of a firm that receives revenues of $60,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1, and the cross-price elasticity of demand between product Y and X is 1..
What are price indexes design to measure? Out-line how they are constructed. When GDP and other income figures are compared across time periods?
Consumers are not able to resell good 1. For p
Utilize the information from the completed table also the graphs to identify the three stages of production also explain why the industry's short run production has only one ‘rational' stage of production.
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