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Q1. Assume that a doctor who lives alone hires the services of a maid also pays her $15,000 a year to clean his house. Assume that he marries her the subsequent year. Other things equal, which of the following would be true concerning the reported official GDP the following year?
Q2. The current price, paid by businesses, for your widget is 3.00. The current quantity you sell to various businesses is 150,000 per month. You decide to cut the price of your widget from 3.00 to 2.70. You expect (based on internal forecasts) that the quantity you will be willing and able to provide to your customers will decrease from 150,000 to 138,750 per month. What is the effect on total revenue?
If the two firms could collude and agree on Explain how to split the total profits, Illustrate what outcome would they pick.
If Robinson Crusoe can, either shoot 5-wild geese or catch 15-fish, on average, for every hour of labour effort. i.e. opportunity cost of shooting one wild goose is three fish.
in managerial economics applications strategy and tactics if contract promises were not excused because of acts of war
Once issued by the parent, It stays which way also all transfer benefits (tax breaks) are lost forever.
China has continued to lag well behind the rest of the world in information technologies
An industry's marginal abatement cost is MAC=2000-e. regulator controls emissions by selling 500 permits. Though, industries are also given option of paying a fee of $1000 per unit of emissions for which y do not hold a permit. Draw a diagram illu..
At the equilibrium values, determine the price elasticity of demand. What does this number tell us?
If other people exploit the same opportunity, what will happen to the cost in Thailand as well as in Malaysia.
The constant or intercept term in a statistical demand study represents the quantity demanded when all independent variables are equal to:
Elucidate how marketable permits can be used to tackle pollution problems. illustrate your answer with examples from the real world. what problems might a permit face? again use real life problemswere possible.
Suppose that Lorena consumes only three different goods: steak knives, butter knives, and butcher knives. If, according to Lorena’s preferences, butter and butcher knives are inferior god, must steak knives be a normal good?
Suppose the USA and Canada are considering to trade. Assume there are only two goods in the economy: wheat and corn. The table below illustrates what each nation can produce in a given year.
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