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Consider an HMO with a demand curve of the following form: Q=100-2P. Suppose that its marginal and average costs were $20. If the firm maximizes profits, determine its price, output, and profits. If the firm must act as a perfect competitor, in the long run what will happen to equilibrium price and equilibrium output?
What is the consumer price index (CPI)? How is it measured? What are the pros and cons of using the CPI as a measure of the cost of living?
in a proposed cost cutting exercise a firm offers its workforce the following deal a cut in regular wages but a
if the policy interest rate is near zero what less conventional monetary policy tools might a central bank ue to
Suppose that the economy is currentlyat potential output. Also suppose that you are an economicpolicy maker and that a college economics student asks youto rank, if possible, your most preferred to least preferred type of shock
(Aggregate Demand and Supply) Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction
graph the long run equilibrium for perfect competition. using a similar average cost curve graph the long run
Create graphs and tables to illustrate costs and revenues for firms in different market structures
develop a list of on-line and text based resources you might use to gather historical economic data as well as economic
Canada, Mexico, and the United States have a free trade zone. What would be some of the advantages of having a common currency as well? The disadvantages? Do you think it would be a good idea? Why or why not?
A 10 % increase in the price of soda leads to a 20 % increase in the quantity of iced tea demanded. It appears that: When economists are sketching examples of a demand or supply curve that is close to horizontal, they refer to that demand or supply c..
Greg and Tanya Ridpath have two children, ages 6 years and 5 months. Their younger child, Ray, was born with a congenital heart defect that will require several major surgeries in the next few years to fully correct. Greg is employed as a salesperson..
the utility function isu u x yif the 2nd derivative for both x and y is greater then 0 does that mean the indifference
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