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What are some of the larger issues that Microeconomics attempts to address? How is this different than what is examined in Macroeconomics? What can the science of Microeconomics use as examples of why this matters/how it has been successful?
Find recent evidence in the Wall Street Journal and other business publications on how companies are expanding the use of the techniques described in the opening case to understand and impact consumer behavior.
The Washington Wizards basketball team began the 2012 season with 12 losses. Tickets to the game against the Blazers cost $1.69 and against the Heat were $26. Draw on the graph: 1- supply and demand for tickets against the Blazers, with appropriate p..
Esther price of maple syrup increased by $6 per pint - $7 per pint production increase from 250 to 300 pints what is the elasticity of supply over this range is Supply elastic or inelastic over this range
illustrate what price should it charge and how many DVDs should it order from each supplier.
Create a program that simulates a standard Cash Register that meets the following requirements: Stores separate sales tax rates for food and non-food item. The rate for the food items will be 3.5% and non-food items will be 7%. The program will pro..
Consider the market for solar panels. Suppose that technological advancements allow the price of batteries, a compliment to solar panels, to decrease significantly. Draw supply and demand graph showing the initial equilibrium, any supply and/or deman..
What would be the resulting effect on equilibrium price level - explain. What will be the effect of the different tools of fiscal policy to stabilize the economy?
What is the level of the M1 stock of money? Suppose the public’s holding of currency increases to $100 while, at the same time, the level of deposits remain constant at $200. What is the value of the new money multiplier (m’)?
Suppose the production of electricity by a utility generates pollution that harms others. Suppose also that Coase bargaining can occur between the utility and the victims of pollution but that the utility has not been legally liable for the damages f..
What occurs to price and quantity when supply decreases and demand is perfectly elastic. What occurs to price and quantity when supply increases and demand is perfectly inelastic.
Once upon a time there was a sacred temple hidden in the deep mountains, in which believers gathered to exercise meditation to become saints. The believers sat in a circle facing each other while meditating during the day, and retired to their separa..
Graph a hypothetical PPF for a wealthy and developing country. Each country on your graph should have the same degree of concavity, with the two outputs of goods and services labeled "Other Goods and Services" on the X-axis and "Clean Air and Water" ..
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