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Determine the amount of producer surplus generated in each of the following situations.
(a) Dustin tries to sell his old cathode-ray TV on eBay. If he fails to sell it on eBay, he knows that his friend Raymond, who likes to tinker with electronics, will give him $10 for it. Dustin manages to sell it on eBay for $25.
(b) Al advertises his car for sale in the used-car section of Craigslist for $3,000 or best offer, but he is willing to selling the car for any price above $1,600.
i. The best offer he receives is $1,475, which he declines.
ii. The best offer he receives is $1,750, which he accepts.
serox stock was selling for 20 two years ago. the stock sold for 25 one year ago and it is currently selling for 28.
the demand and supply functions for the world truffle market are given byqd 48 000 - 40pqs -3000 10pwhere p is the
nbspnext year jenkins traders will pay a dividend of 3.00. it expects to increase its dividend by 0.25 in each of the
you are the manager of an accounting department and would like to hire another managerial accountant to focus on
1. compare and contrast direct and indirect costs.2. identify three examples of direct costs.3. identify three examples
tuletime comics is considering a new show that will generate annual cash flows of 100000 into the infinite future. if
teakap inc. has current assets of 1456312 and total assets of 4812369 for the year ending september 30 2006. it also
table shows four consumers willingness to pay for a shirt and in what quantities. for example ginger wants to buy two
ldquousing perceptual maps in marketingrdquo simulation summarycomplete the simulation ldquousing perceptual maps in
turnbull corp. had an ebit of 247 million in the last fiscal year. its depreciation and amortization expenses amounted
A vertical, frictionless piston-cylinder device contains a gas that is in equilibrium with the weight of the piston balanced by the internal pressure for the gas.
Suppose that there is a decline in the cost of a unit of capital. In the long run a.) What will be the substitution effect of this change on use of capital and labor, and why How would this be shown on an isoquant diagram (a diagram isnt needed, j..
imagine that in the market for loanable funds the equilibrium interest rate is equal to 10 and the quantity of loanable
What happens to the student's budget line? Illustrate the change with new books on the vertical axis. Is the student worse off or better off after the price change. Explain.
Project labor authorization for January 2017 and What is the estimated budget for the recruitment exercise if the estimated cost of recruiting one employee during the period would be k1500.
in neoclassical growth models the sources of growth is exogenous usually technology. such theoretical models hence are
Discuss the importance and cost of research and development. Does every drug pay off Is strategic behavior important in this market Is product differentiation important in this market
Ice cream and pie if these are goods that you like, but if you eat too much of either, you get sick of them. If you are sick of a good, eating more of it lowers you utility.
For each of the following state whether you would make an aggregate demand or aggregate supply diagram and forecast what shift each condition would cause in the AS or AD curve and why so.
compare and contrast inflation and deflation. what are some of the damaging effects that each has on an economy? what
your company bright paints is one of a dozen companies manufacturing a special reflective paint used for traffic signs.
Create a log return series from the stock price index (the log return is the change in the logarithm of the stock price). Estimate an appropriate pure AR(p) model and an appropriate pure MA(q) model and compare these to a mixed ARMA(1,1) model.
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