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elizabeth M. suburbs makes $200 a week at her summer job and spends her entire weekly income on running shoes and designer jeans, because these are the only two items that provide utility to her. Furthermore, Elizabeth insists that for every pair of jeans she buys, she must also buy a pair of shoes (without the shoes, the new jeans are worthless). Therefore, she buys the same number of shoes and jeans in any given week.
A. If jeans cost $20 and shoes cost $20, how many will Elizabeth buy of each?
B. Suppose that the pair of jeans rises to $30 a pair. How many shoes and jeans will she buy?
The average revenue schedule of a simple monopolist is: Pmkt = 5000-20Q The total cost schedule of the monopolist is: TC = 50Q2 + 100Q; and marginal cost is: MC = 100Q + 100 a) What is the market-clearing price for the monopolist b) How much will t..
The industry demand function for bulk plastics is represented by the following equation: P=800-20Q Where Q represents millions of pounds of plastic. The total cost function for the industry, exclusive of a required return on invested capital, is TC=3..
You are given an asset with a 5 year life and salvage values and annual costs given below: Year 0: SV: $100,000 A.C:$ - Year 1: SV: $75,000 A.C:$ 30,000 Year 2: SV: $41,000 A.C:$ 40,000 Year 3: SV: $30,000 A.C:$ 60,000 Year 4: SV: $22,000 A.C:$ 90..
We have three variables, Information is 2000-2005. I use OLS to Determine the model and get a standard result.
Susanna Nanna is the production manager for a furniture manufacturing company. The company produces tables (X) and chairs (Y). Each table generates a profit of $80 and requires 3 hours of assembly time and 4 hours of finishing time. Each chair gen..
A company is considering building a bridge across a river. The bridge would cost $2 million to build and nothing to maintain. The following table shows the company's anticipated demand over the lifetime of the bridge.If the company were to build t..
A Whoey option pays the difference between the final price and the maximum price of a stock over the period of the option. For example, if the price of a stock is 200, 220, and 234 in the previous periods (here periods 0, 1, and 2), the maximum pr..
a hospital emergency room needs the following numbers of nurses: Day Mon. Tue. Wed. Thur. Fri. Sat. Sun. Min no. 4 3 2 4 8 6 4Each nurse should have two consecutive days off.
Which auction should you choose to maximize your profit? The first-price bidders shade their bids by 20% of their evaluation of its value. The second-price bidders all utilize the optimal strategy for second price auctions stated in the textbook.
A five-year-old defender has a current market value of $4,000 and expected O&M cost of $3,000 this year, increasing by $1,500 per year. Future market values are expected to decline by $1,000 per year.
(1) eliminate the deficit by cutting government spending and (2) eliminate the deficit but raising taxes. Which program has the least damaging effect on GDP. Just tell me how much GDP falls in each program and draw the correct conclusion.
Suppose 90-day investments in Britain have a 6% annualized return and a 1.5% quarterly (90-day) return. In the U.S., 90-day investments of similar risk have a 4% annualized return and a 1% quarterly (90-day) return. In the 90-day forward market.
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