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a. Distinguish between explicit and implicit costs of your college education giving examples of each.
b. What are your fixed costs? Variable Costs?
c. Use a real-world example to explain the law of diminishing marginal productivity in your college life or your work life.
Use the inverse matrix method to solve for equilibrium level of national income and the equlibrium rate of interest in this economy.
Each demand curve must eventually hit the quantity axis because with limited incomes there is always a value so high that there is no demand for the good.
Due to a slow economy, business has been slow and you are losing money every month. The owners have asked you whether to continue operations or to shut down at least until the economy improves.
Make a paper analyzing the current market situations of Airline industry including a supply and demand analysis that answers following questions:
What is the component cost of the equity raised by selling new common stock? What is the maximum amount of new capital that can be raised at the lowest component cost of equity?
In this scenario the fixed loan was made prior to the unexpected inflation sodebtors will gain at the expense of creditors. Creditors, on the one hand, will lose because inflation will erode the amount of money they planned to earn on the loans. S..
Write a brief report describing what shift factors of supply and/or demand might be at work and how you would label those factors. Conclude the report with your forecast of what would likely result one month after the publication of the article.
Suppose the government imposes the following kind of sales tax: there is no tax for selling the first 35 units, but for selling every unit beyond the thirty-fifth unit, the seller has to pay the government an additional $12. What is the new optimal p..
Find the marginal rate of substitution for both individuals and is the initial allocation pareto efficient
Describe some healthcare situations in which an agent has taken advantage of a principal. Now describe some healthcare transactions that have not taken place because of fears about asymmetric information. What are some strategies for reducing adve..
Determine the price elasticity, and income elasticity of demand and where Q denotes passengers in thousands per year, P the (average) ticket price, and I US national income.
LA Market p = 50 - Q The company estimates its total cost function to be: TC = 40Q. Calculate the following: a. quantity, total revenue and profit when the company maximizes its profit and charges the same price in both markets. b. quantity, total re..
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