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Jose rents office space for $20,000 per year. He uses the office to fill out tax returns for 1<000 clients per year. If the office rent increases to $25,000 per year, the marginal cost of filling out tax returns will:
A. Not change
B. Increase by $5000
C. Increase, but we cannot determine the amount of the increase with the information given.
D. Increase by $5
Assuming the ABC bank has excess reserves of %5,000, it could prudently expand its loans by a maximum
What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.
Would Boeing's margin likely rise or fall if the yen then depreciated as well as competitor prices were unchanged.
Name some of the ways firms attempt to control their costs. Explain Name some of the ways firms attempt to control their costs. Explain how does your firm control costs.
What is your bottom line in negotiations with the telecom? Suppose you agree on a price slightly above your bottom line.
Consider a closed economy which can be characterized by the following equations: C = 400 + 0.8YD I = 600 + 0.1y- 1000r G = 300 T = 125 (M/P)d = 0.2Y-6000r (M/P)= 400 a. Solve for the goods market equilibrium and state the equation for the AD and IScu..
Consider a contributions game with 2 players. Each player can either ‘Contribute’ or ‘Not.’ If either (or both) Contribute, a good is provided to both. The good is worth 2 jollies to each player. What is the mixed strategy Nash equilibrium in this ga..
Find the present worth at i = 20% per year for the cash ?ow series listed. (CF0 :$ 0 ,CF1: $ 0 ,CF2: $ -200 ,CF3: $-200 ,CF4: $ -200 ,CF5: $ 0 ,CF6: $ -89 ,CF7: $-89 ,CF8: $ -89 ). Which one is the correct answer?
Explain how does trade affect the production possibilities frontier. Illustrate what other factors can expand the production possibilites frontier.
Bid-ask spreads: Suppose you contact your currency dealer at Credit Agricole and obtain the following quote on US dollars, priced in Swiss franc (SF). How much would it cost to buy SF10,000,000? Suppose you wish to sell SF 10,000,000. How many dollar..
Suppose the average Social Security benefits in the nation are $14,000 per year. The number of Social Security pension recipients is currently 50 million. There are 150 million workers in the workforce this year and the average taxable wage per worke..
Which of the following is not an example of a "lag" that diminishes the potential impact of fiscal policy?
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