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The hybrid model of a car averages 40 miles per gallon as compared to the regular model that gives only 28 miles per gallon. If you drive 20,000 miles per year and the average cost of gas is expected to be $5.00 per gallon over the 5 years that you plan to keep the car, how much extra would you be willing to pay for the Hybrid model? Assume that the resale value of the Hybrid model would be $500 more at the end of five years as compared to the regular model. Assume that the interest rate is 12% per year compounded yearly.
If there are no fixed costs of production, the q that solves the firm’s first-order condition is
Assume that labor demand is inelastic enough such that there are two equilibria. Explain how a complete and perfectly enforced ban on child labor might improve conditions for families according to this model.
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.
q. market structure problem the widget industrythe widget industry is perfectly competitive. the lowest point on the
q1. price fixing is a per se violation of the clayton antitrust act. from the materials in the library and the internet
Consider the case of a poor country that receives foreign aid. The aid consists on donations to consumers which represent an increase in their lifetime income of 5%. One of your economist friend is against this foreign aid program. He says that it do..
Which of the following transactions would be recorded as a credit in the U.S. current account?
A hospital bought digital imaging equipment annual payments of $243,000 per year over 8 years. if the interest rate is 13% what will the total amount paid for the equipment be at the end of the eighth year?
You are being given data on supply also demand for the whole marketplace also are being asked illustrate what effect that has on you as a small part of that marketplace.
According to data provided by British Rail to the Mergers and Monopolies Commission, the 1988 costs of a Sprinter (Class 150/2) train were: Capital Cost 525,000, Annual costs (per unit): Depreciation 26,300, Overhaul and maintenance 32,600, Stabling ..
Suppose, Worker 1 has a reservation price of 41 cents; worker 2’s reservation price is 42 cents; worker 3’s reservation price is 43 cents, and so on. There are 150 jobs in firms without air purification systems, and this number is fixed. Thus, the de..
Jim’s utility function is U(x, y) = xy. Jerry’s utility function is U(x, y) = 1, 000xy + 2, 000. Tammy’s utility function is U(x, y) = xy(1 − xy). Oral’s utility function is U(x, y) = −1/(10+ 2xy). Who has the same preferences as Jim? Who has the sam..
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