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Q1. Professional sports players are generally paid much more than farmers, factory workers, engineers also teachers. The marketplaces for the professional sports players, farmers, factory workers and engineers also teachers are generally competitive. Even among professional sports players and salaries of players in some sports are generally significantly higher than the salaries of players in some other sports. Elucidate how does this make sense using supply also demand in a marketplace in equilibrium?
Q2. Illustrate what is the marginal benefit from consuming a 3rd burrito at $1.50 as opposed to 1 burrito at $2.50.
The setup cost is $100 per order up to 99. For orders of less than a pallet, the setup cost is $200. The setup cost for pallet loads is $1000. The holding cost is 1% of the purchasing cost per item per week.
What does it mean to have an imperfectly competitive market. Clarify with examples.
If the actual price in this market were below the equilibrium price, what would drive the market toward the equilibrium.
What is the impact of the trade surplus or trade deficit upon the interest rates and currency exchange rates.
If Jason produces 250 kilograms of food per month, Explain how more liquor must he produce to achieve production efficiency.
One feature of a financial crisis is that there is a high demand for safe assets and a low demand for risky assets.
The market demand and supply function for VCR movie rentals are: QD= 10 - 0.04p and QS 3.8P = 4. Calculate the equilibrium quantity and price.
What would happen to the amount of economic investment made today if firms expected the future returns to such investment to be very low.
Calculate the purchasing power parity exchange rate between the Swiss franc and the dollar. Based on your calculation, is the SF overvalued or undervalued.
Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
What were there reason why IMB lost it advange over the computer world.
Challenge of any merger that raises the HHI by 100+ points in a market where the HHI is above 1800 before the merger.
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