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Maria can read 20 pages of economics in a hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying.
a. Draw Maria's production possibilities frontier for reading economics and sociology.
b. What is Maria's opportunity cost of reading 100 pages of sociology?
The expected annual net savings in operating costs will be $25,000 during the first year and $40,000 during the second year. If your interest rate is 10%, what would be the equivalent net savings per machine-hour?
11.assume you are the director of design for a cell phone manufacturing company. you work closely with the new product
All costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold.
What could be the full increase in real GDP from the change in government spending assuming that the aggregate supply curve is horizontal across the range of GDP being considered.
Why would your company have bid with a zero mark-up on some past tenders? Why didn’t it win all of those contracts?
Consider following claim: price of gasoline has doubled and corresponding change in demand gravely hurt those who have long commutes to work. As a student of economics what do you find correct and what incorrect in this claim.
What is the effective rate of protection for the automobile industry in country A, if there is a tariff of 25 percent on imported automobiles and a tariff of 50 percent on imported inputs used in this industry.
What describe the distribution of national salary among labor and capital in a competitive, profit-maximizing economy with constant returns to scale.
q1. tetrangle manufacturing has fixed costs of 2160 per day. the firm manufactures bicycle component upgrade kits. the
Illustrate what ways do health care expenses affect economy. Illustrate what are economic advantages to government involvement in healthcare.
q1. used music cds rise in price from 7 to 8 and total revenue falls from 700 to 640.bull a. is the demand curve over
Advantages and disadvantages of a company using price discrimination in order to increase demand for its product or service.
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