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Suppose that the business is visible and important member of the community. Would government encourage decision to expand? How would it affect reputation of the business?
explain why relatively flat as opposite relatively steep labor demand curves are more consistent with the empirical
Most of us participate in the economy every day. As households, we can provide labor to companies or government in the input market and we are also consumers of goods and services in product market.
The average 15-year old purchases 12 CDs and 15 cheese pizzas in the typical year. If cheese pizzas are inferior goods, would the average 15-year old be indifferent between receiving the $30 gift certificate at local music store and $30 in cash?
For many corporations, a major portion of the cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions?
problem 1 in a study relating college grade point average to time spent in various activities students are asked how
Find the comparative statics for an increase in the sales tax, namely y^s/s and p^s/s , and provide an economic interpretation of them. What is the economic interpretation of an increase in the parameter a? You might want to plot the demand functi..
a monopolist has two types of customers. there are 100 of type a who will each pay up tp 10 for a single unit of the
exchange economy 1. suppose that in a simple two-good exchange economy the two individuals a and b have the following
Write down a short memo to Ralph Sampson describing the analysis that the company should do before it makes this decision and any other considerations that would affect decision.
In developing nations, young women have lower enrollment rates in secondary school than do young men. Describe several ways in which greater educational opportunities for young women could lead to faster economic growth in these countries.
How many additional watches can be produced by an extra hr of labor? As a profit maximizer what price and output should the firm set? Is production capacity fully utilized? What contribution does this product line provide?
suppose the market for a certain pharmaceutical drug consists of domestic united states consumers and foreign
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