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Q1. For each of the determinants of demand in Equation identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles such as the Toyota Prius. After that to do the same for each of the determinants of supply in Equation. In each instance, would equilibrium market price raise or decline? Reflect on substitutes such as plug-in hybrids, the Nissan Leaf and Chevy Volt, as well as complements such as gasoline and lithium ion laptop computer batteries.
Q2. In a particular monopoly, the demand equation is given by: y(p) = 5p
1. What is the price elasticity of demand?
2. What is the total revenue of the monopolist at p = 1 and at p = 30?
Consider the following short-run production function: q = 5L2 - 1/3L3. Illustrate at what level of L do diminishing marginal returns begin. At what level of L do diminishing returns begin.
Elucidate what is the best form of business organization to select based on various considerations, including taxes, liability, capital contributions, sharing of profits adn losses, management and control, and survivorship
If today's production of capital goods exceeds the depreciation of capital.
Suppose we only use labor in a production run. How do we determine the optimal level of labor input in the short run? In other words what condition must be met
Suppose the government decides to increase taxes by $50billion and to increase transfer payments by $50 billion. Illustrate what effect would there be on aggregate demand.
discuss the change in the U.S. unemployment rate and inflation rate over the past year based on the Phillips curve concepts.
what is the return on operating capital that BIDDLE is currently deriving? Then if J.P. Morgan chase is loaning operating capital to the company at 7.5%, what is the cost of capital for the BIDDLE Company and is the company covering opportunity c..
Calculate equilibrium level of income in goods market if i=10 also calculate equilibrium level of income in money market if i=10.
What is the expected value and standard deviation of the safest investment strategy you can make by this means. What is the highest expected value you can achieve.
If it is illegal to sell food stamps, what does your analysis indicate about the potential existence of a black market in food stamps? Indicate graphically an acceptable price that your consumer would accept for his food stamps, and that someone w..
Illustrate what is the marginal income product of hiring one low-skilled worker to clear woodland for one month.
Smoothing techniques are a form of ___________ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast.
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