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You run a game day shuttle service for parking services for the local ball club. Your costs for different customer loads are 1: $30, 2: $32, 3: $35, 4:$38, 5: $42, 6: $48, 7: $57 and 8: $68. What are your marginal costs for each customer load level? If you are compensated $10 per ride, what customer load would you want?
You can sell 100 pet chias per week if they are marked at $1 each, but only 40 each week if they are marked at $2/chia. Your chia supplier is prepared to sell you 30 chias each week if they are marked at $1/chia, and 70 each week if they are marked a..
Individuals A and B are the only consumers of good X. Individual A demand for good X is given by: Q = 4 – P and individual B demand for good X is given by: Q = 8 – 2P. The supply for good X is given by MC = 3. Assume good X is a (pure) public good. G..
Efficiency wages are
A stock is expected to pay a dividend of $1 per share in two months and in five months. The stock price is $50, and the risk-free rate of interest is 8% per annum with continuous compounding for all maturities. An investor has just taken a short posi..
Consider a consumer who has utility function u(x, y) = min{2x, 3y} where x, y are amounts of goods X, Y consumed respectively. If px = 1, py = 1, consumer has total budget w = 10. What’s the optimal consumption bundle of this consumer? If there is an..
Examine how the Federal Reserve controls the money supply. In a paper, formulate how the independence of the Federal Reserve should or should not be modified in any way.
A commuter drives 10 miles on a highway at 60 miles/hour, and then drives 10 miles on local streets at 15 miles/hour. Use the harmonic mean to find the average speed of the trip.
Discuss the differences that exist between social insurance programs and public assistance programs. What is your opinion regarding how far the government should go in providing assistance to those who need these programs?
Please complete a research project and presentation of a commodity, its global implications and all other relevant information. Collect information and data on all relevant aspects of the commodity. That information should include but not be limited ..
A plant superintendent has arranged to purchase an additive through a 6-year contract at $5,000 per year, starting 1 year from now. Afterwards, he expects the annual price to increase by 3% per year thereafter for the next 12 years. Additionally, an ..
Discuss the differences between integrative and distributive bargaining and the conditions in which either or both are used in the negotiation process. Describe Thompson’s Pyramid Model and its relationship to parties in bargaining situations, and wh..
According to the Bureau of Labor Statistics, the distribution of consumer expenditures. If the negative income tax rate is set at 50 percent and the income floor is set at $5,000, a family that earns $3,000 would have a total income (including the in..
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