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What are the factors that affect price elasticity of demand and price elasticity of supply? What are some applications of each?
A very small economy has a population of 1,000 people who work. Of these , 800 have jobs and 100 are looking for work. The rest are willing to work but have given up looking because they haven't been able to find work for a long time. What is the siz..
A person starts her own business after quitting her job in which she made $75,000 a year. Expenses include $100,000 for wages and salaries, $15,000 for utilities, $150,000 for materials and supplies, and $5000 for gasoline. She uses her car in her wo..
Economic theory suggests that a union's bargaining power is stronger or weaker during a recession?
This might be interpreted as an upward shift in the consumption function. Explain how does this shift affect investment and the interest rate.
Draw below a illustration of marginal cost and average total cost curves for a small firm that is in long run equilibrium. a. locate the long run equilibrium price and quantity if the firm is perfectly competitive. b. Label the price and quantity P1 ..
You decide today that given the current price level (i.e. cost of living) you would be willing to accept any job that pays at least $50, 000. You will not accept any o?er below this. Currently, the CPI is 238 (recall, the base year for the CPI is 198..
Citibank is arranging a classic interest swap between two companies: Alpha Inc. & Beta Corp.
What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $15,000 is made at the end of year 11 and subsequent withdrawals increase at the rate of 8% per year over the previous years withdrawa..
Recommend which company you consider as the better investment for your client and how you will present your recommendation. Support your recommendation with data from your analysis.
Illustrate would be the effect on D' of decreasing the variable cost per unit by 25% if the fixed costs thereby increased by 10%.
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
You have been chosen to create an e-commerce program to the board of directors. Present your argument on why senior management should buy into your e-commerce program.
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