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Suppose a country has a population of 61 million, of which 37 million are in the working-age population. Of those, 11 million are not in the labor force and 23 million are employed. The labor-force participation rate is
Last week, jorge purchased a $45 ticket to a soccer game scheduled for this Thursday. If he attends the game, he'll miss three hours of work, where he's paid $15per hour. While he can't return the ticket, he can resell it online for $30. Attending th..
You are a sales manager in the electronics industry. Your firm had a salesperson in the far western U.S. who everyone thought was a high performer. List and describe five (5) pipeline analysis evaluation criteria that would have allowed you, the sale..
Explain why would a country (for example China) choose to keep their currency relatively pegged to the U.S. dollar.
Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 tirllion and public saving is $0.2 trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment.
The price elasticity of demand for gasoline is 2. What effect will a 10% reduction in the quantity of gasoline placed on the market have on the price of gasoline?
Illustrate what type of market structure would this behavior likely be prevalent. Illustrate what does this behavior accomplish for the firm.
If you were starting a soap business (laundry soap), what strategy would you use to compete with Procter & Gamble and Clorox? How would you reach your target market? How and where would you advertise? We talk about the power of word of mouth-how do y..
A school is overcrowded and there are three options. The do-nothing alternative corresponds to continuing to use modular classrooms. The school can be expanded, or a new school can be built to "split the load" between schools. What is the incremental..
Suppose you are a researcher for a consumer’s advocate magazine. You want to find a sample of cars whose owners have paid for rebuilt transmissions. So, you randomly select a sample of 40 replacement costs and find the mean to be $2,585. The sample s..
How do government programs that provide benefits for the poor (such as food stamps) change the incentives of people to be classified as "poor"?
What possible effect does investment in excess capacity by incumbents have in determining the extent to which investments by entrants are sunk?
Suppose Mary’s utility function for two goods X and Y is given by: U(X,Y) = 3X1/2 Y1/2. In Addition, Suppose consumption bundle A consists of 10 units of X and 10 units of Y, and consumption bundle B consists of 20 units of X and 5 units of Y.
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