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Explain why Marginal Cost must pass through the minimum point on the Average Total Cost curve.
Explain how political obstacles (lack of skilled officials, instability, corruption, and constaints by special interest groups) and cultural obstacles (cultural attitudes that discourage entrepreneurial activity and and encourage rapid population gro..
Question: What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
A machine was purchased five years ago at a cost of $60,000. It currently has a market value of $10,000. The current book value is $15,000. It can function for another 2 years and will have an annual operating expense of $10,000 next year and $12,000..
Using the national savings and investment identity, explain how each of the following changes (ceteris paribus) will increase or decrease the trade balance:
Graph the estimate of the AD and AS curves clearly showing the equilibrium point indicating the price on the vertical axis and the output on the horizontal axis.
Your employer decides to institute a new compensation scheme next year. They will pay you $25,000 no matter how much you work. However, since they employ nothing but workers who earn at least double the minimum wage, they will cut wages by 50%. Draw ..
Rosco has a utility function over money = log(I) where log is base 10 and I is money. His initial income (I) is $1000. Suppose he must accept one of three bets: Graph each of these of a utility-of-income graph with income on the horizontal and utilit..
Given a fixed level of capital (), and a price of $100 per unit of output, what is the optimal number of employees? You do not need to know Output (Y) for this question. Calculate the profit given the optimal number of employee given the answer in..
All of the net working capital will be recouped at the end of the project. The annual operating cash flow is $71,531 and the cost of capital is 9% What is the project's NPV if the tax rate is 37%?
In most developing countries, the empirical studies show that there is extreme inequality in the distribution of education. A small section of the population is very highly educated and the majority of the population has practically no education at..
Why are some products elastic and some inelastic? What effect does currency depreciation / appreciation have on a appreciation have on a coconut export trade. Define and give an example of the resource curse. State two differences between a tariff an..
Use axiom of transitivity to prove that indifference curves cannot touch each other. Use axiom of non-satiation to prove that indifference curves will always be downward sloping and utility functions will always be upward sloping. Use the axiom of di..
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