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The postal service carrier works on Sunday delivering special high-priority letters. She can deliver 15 letters per hour. The hourly fixed costs (vehicle depreciation, insurance, etc.) equal $42, and the hourly variable costs (time and a half wages, etc.) total $0.50 per letter. How much the postal service charge for each letter delivered in order to break even on Sunday deliveries?
Democratic Republic of the Congo grows at a healthy 3% per capita, how long will it take Democratic Republic of the Congo to catch up with Luxembourg.
What is the dollar value of the deadweight loss when output level Q3 is produced? What is the total surplus when output level Q3 is produced?
How large is the bias in the CPI due to not immediately incorporating new goods.
How big should hash table be to ensure a mean hash chain length of less than 1. Assume that hash table size is a power of two.
Explain why is the law of supply and demand in applicable without a ceteris paribus assumptions.
If your employees are self-interested, how much output would you expect each individual worker to produce absent monitoring.
Elucidate using the example of multiple equilibria in the labour market. Illustrate diagrammatically
Using the World Bank classification of countries, select countries from the different categories and examine the data on output growth and education level. Is there a systematic relationship?
It will provide benefits of $4000 at the end of Year 1, $3,500 at the end of Year 2, and $3,500 at the end of Year 3. If the discount rate is 6%, will this project be approved using cost-benefit analysis?
A Los Angeles firm uses a single input to produce a recreational commodity
No one can predict a natural disaster or world crisis. When a hurricane or flood or a pandemic strikes a country, who is most likely to respond first? Which economic system is the best solution to handling a crisis of epic proportion?
If you accept the offer calculate resulting profit. Also, calculate the optimal level of output (meter dug) and the level of labor usage.
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