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Suppose that the economy improves and the crime rate in West Philadelphia drops, so that the marginal product and average product of a group of 100 police officers is now 55 arrests per hour for any number of police officers. What is the optimal allocation of 500 police officers between the two areas now?
Using present value analysis math, discuss the cost and benefit of paying for 4 years of college. Make any assumptions you want about the market interest rates. Use math and discuss. Is going to college worth it?
Discuss a decision made by your chosen company that involved costs that should have been ignored. why did the company include these costs in their decision process.
Suppose the following were facts relating years of education to average annual income of individuals. Would you use the inductive or deductive method to derive an economic principle from these facts.
Assume the marginal propensity to consume for U.S. households equals .9, and the marginal propensity to import for the united states equals .1. Suppose an increase in investment of $10 million occurs at each level of income. What does the value of th..
Explain why might Industries in industries with high fixed costs be inclined to prevent strikes or end strikes quickly.
q.for the questions below write an explanation of the short-run effect including the determinant of ad or as that is
If the USA experiences an economic boom relative to its trading partners, then: If China , a key trading partner of the USA, expericnes a recession, then. Suppose the Government of the USA decided to increases it's spending over next one year. How wi..
Which of the following possible in-kind transfers do you think raises the true income of recipients the most: free golf lesson, free transportation on public buses, or free food? Why?
q1. thomas schelling and expert on nuclear strategy and arms control observed in his book the strategy of conflict
Suppose the demand for apartment rentals in New York is Q = 1000 - P and the supply of apartment rentals is Q = 4P. What is the equilibrium price and quantity of apartment rentals in New York?
How would you use these cost and revenue estimates to determine whether a sales force increase or possibly a decrease is warranted.
Oligopolies are always bad for society. The beer industry has a few large firms and many small firms; therefore we would not call it an oligopoly.
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