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Explain the difference between “Short-Run Costs” and “Long-Run Costs.” Please provide an example for a type of business, of your choosing. Please be as specific as possible.
Suppose you are a thirty-year-old worker choosing between an IRA, a ROTH IRA and a regular brokerage account. Your marginal federal tax rate is 15% now and 15% in retirement. Compare after-tax returns on all three forms of investment. Rank the invest..
Compute the price of the machine, which will make purchasing or leasing to be equally costly.
q.pharmaceutical drugs have an inelastic demand as well as computers have an elastic demand. suppose that technological
Assume that equilibrium real GDP is 800 billion, potential gdp is 900 billion, the mpc is .80, and the mpi is .40 . What is the size of the GDP gap.
Samples of human resource executives were asked how their company planned to change their work force over the next 12 months. A categorical response variable showed 3 options: add employees, no change, lay off employees. discuss any differences in th..
The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following
Not too long ago Hurricane Sandy hit the northeast portion of the United States, causing serious and costly damage. Given what you've learned this week, what can we conclude probably happened to the price of portable generators? To the price of food?..
Explain why marginal revenue is less than or equal to the price. How does the difference between price and the marginal revenue depend on the price elasticity of demand?
Consider again the 2 countries in the previous question. Suppose the U.S. and Mexico do not trade goods at all, but workers can move freely between them. Will free movement of labor have a similar effect on real wages as free trade of goods? Explain.
What is the immediate effect of the increase in demand on the price and quantity of yellow corn? Yellow corn and white corn (the key ingredient in corn tortillas) are substitutes in production. As a result of the changes in the market for yellow corn..
uppose that the two years have elapsed since you purchased the security, and you have received the first two payments of $600 each. Now suppose the market interest rate suddenly jumps to 10%. How much would another investor be willing to pay for your..
Explain effect of an open market purchase on interest rates. Make sure you discuss liquidity effect, real income effect, price level effect and inflationary expectations effect.
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