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A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per ton delivered to the foundry is $145. It costs $92 to place an order and $18 per ton per year for storage. Find the minimum-cost purchase quantity.
A multiplex movie theater estimates the week-end demand for afternoon shows to be D(p) = 1000-80p and the demand for evening shows to be D(p) = 1000-50p. The maximum seating capacity of the theater is 550 and the marginal cost is zero (e.g., variable..
When interest rates (IRs) decrease, how might businesses and consumers change their economic behavior? If there is a decline in the money growth, what might you expect to happen to real GDP (real output) and inflation rate?
Draw a graph with arcade games on the horizontal axis also newspapers on the vertical axis. Joe has $10 every week to allocate between these commodities.
Find the equilibrium price and quantity after the shift of the demand curve.
Elucidate what does this imply about the use of monetary and fiscal policy over the business cycle.
Suppose that a calculator company operates in a perfectly competitive marketplace producing 5,000 Calculators every day.
they both can earn 10$ an hour they both have non-labor income of 300$ per week and they have 110 hours per week of non sleeping time. Who would works the most hours also how much do each of them make per week
q.as an analyst at the treasury department you have been asked to predict the behavior of key macroeconomic variables
How much profit does the monopolist earn? How much consumer surplus is left? (if any) Calculate the social welfare loss.
Suppose that the government of Tonga decided to impose or place a price floor on all imported chicken products. Elucidate what is the advantage and disadvantage of this policy.
Compute nominal GDP, real GDP also the GDP deflator for each year, using 20010 as the base year.
Compute the price elasticity of demand for subway rides. If the transit authority reduces the fare back to 50 cents, what impact would you expect on the ridership? Why?
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