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Utility Maximization: Free Good vs Not Free Perspective
Using consumer theories as a basis, that include marginal utility and income constraints, explains the difference between the consumption of a free good and a good that is not free.
The FCC has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue.
Illustrate what is the present rate of unemployment and the current rate of inflation
Suppose you are reviewing an isocost graph. The axis on the graph shows capital units on the vertical axis, and labor units on the horizontal axis.
Illustrate what is the price elasticity of demand. From the price elasticity elucidate the new rates be for 2009 if the demand increases at the same rate.
Show the weekly relationship among output also number of workers for a factory with a fixed size of plant.
Discuss how each of the following developments would affect the supply of the money, the demand for money, and the interest rate. For each case, describe what happens in closed economy and in small open economy. Describe your answers with diagrams.
Find out the equilibrium market price. Find out the profits of the leader and the follower
Find out more about the airline industry. What is the price elasticity of supply for the airline industry.
Illustrate to what extent is Walmart's financial health affected by fiscal also monetary policy.
Explain how do high inflation rates affect the exchange rate of a country in the short and the long run.
In other situations it would be reasonable for a purely competitive wheat farmer to raise his price per bushel because he could reduce his variable costs by selling less at a higher price. True or false, and why?
Compute the arc cross-price elasticity of demand among beverage sales and appetizer prices.
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