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If the college introduces a strictly enforced minimum wage of $11.50 an hour, how many students are employed, how many are unemployed, and what is the lowest wage at which some students would be willing to work?
Examine externalities and/or unintended consequences of such intervention.
Each firm in the industry is currently earning zero, economic profit. How many firms are in this industry, and what is the market equilibrium price?
Suppose that the production of crayons (q) is conducted at two locations and uses only labor as an input.The production function in location 1 by Q1=10Lx^0.5 and in location 2 by Q2=50Ly^0.5
Raider Inc., an American importing firm anticipates an outflow of ¥893 million in 6 months. Raider's management team is worried about the course of the ¥/$ exchange rate over the next 6 months and decides to hedge.
Suppose demand for widgets is given by the equation P=20-0.5Q. Originally, the price of the good is $10 per unit. When a tax of $2 per unit is imposed, the price of the good rises to $12 per unit. How much total tax revenue is raised by the tax
A producer of hard disk drives for note book computers currently has a factory with two disk-processing machines, which it cannot change in the short run. Each of the machines costs $100 per day (the opportunity cost of the funds used to buy them)
Draw supply and demand diagrams from two different markets, and label the markets A and B. Then use your diagrams to illustrate the impact of the following events. In each case, determine what happens to price and quantity in each market.
Why must a firm have at least some market power to price discriminate?
the company's value in the hands of current management is somewhere between $10 million and $110 million, uniformly distributed over this range. The current management will sell the company to you if, and only if, your bid exceeds the true value k..
Determine the economic advantages or disadvantages, for the United States speaker company Bose, to start a distribution center in the Czech Republic?
Countries are staking out territorial claims to parts of the polar region. Explain how ownership of these mineral resources will influence the amount of damage done to the Arctic Sea and its wildlife.
the demand for personal computers has been estimated to be q 500000 - 700p 200i - 500s. assume that per capita income
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