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Question: Define the opportunity cost of getting your degree by analyzing what steps and economic factors a potential student must make when choosing to pursue an education. Given your answer, is getting a formal college education worth your opportunity costs? Why?
It should around 3 pages.
characteristics of factors of production
If regulators want to ensure that LWE doesn't lose money, what is the lowest price they can impose? Calculate output, consumer surplus, and profit. Is there any deadweight loss?
Take a position on whether the health care industry needs more or less government regulation. Support your position with two examples of impact of regulation.
Make a table showing the marginal cost of paper cup productions. What is the minimum price necessary for company to supply one thousand cups?
A firm has a quadratic total cost function given by TC = 6Q2- 12Q + 80- Specify the bounds of output and price for the function.
What are the financial markets and what purposes do they serve - what are financial intermediaries? How do these intermediaries function in the economy?
A firm contemplating replacing a computer (D) it purchased three years ago for 6,000. In two year it will have a salvage value of 800. Operating maintenance costs have been 1,000 per year.
Suppose the market for hospital outpatient treatment is in equilibrium when a price ceiling is set below the equilibrium price. What do you expect to happen?
In the case of a binding price ceiling, why is the price below the equilibrium price? Isn't it possible for suppliers to increase price.
Explain How are your ideas supported by the market structure? How does the data suggest relationships and trends that may point to a course of action?
1. Water is produced and sold by the government. Demand for water is represented by the linear func-tion Q=50-2P. The total cost function for water production is also a linear function: TC(Q) = 100 + 10Q.
Estimate the linear model described in part (a) using Ordinary Least Squares regression and display your regression results.
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