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In early 2008, many predicted that in a relatively short period of time, unleaded regular gasoline at the pump would be selling for over $4. Do some research on the price of gasoline. Have those dire predictions materialized? What is the price of unleaded regular today in your city or town? If it is below $4 per gallon, what are the reasons? Similarly, if it is higher than $4, what has happened to drive up the price? Illustrate with supply and demand curves.
The marginal cost of the public good is $180. What is the economically efficient level of production of the good? Illustrate your answer on a clearly labeled graph.
Suppose a firm is considering taking out a loan for $10,000. The length of the loan is 5 years and the loan interest rate is 15% annual compound interest. The firm's real MARR is 8% and the inflation rate is 4%. The firm is considering two options..
An oil company contemplates investing 100 million dollars per year (in constant dollars) for five years in exploratory work to confirm the existence of new exploitable reserves.
The theoretical background and hypothesis and the methodology section and What is the theoretical basis for answering the research question? That is, what are the arguments, given the existing theories, about how you key independent variable "X" i..
a road improvement project requires an initial investment of $9 million. Annual maintenance and repairs will be $50,000 for the first 10 years, and $75,000 for the final 15 years. In addition, the road will require $250,000 worth of resurfacing
Now assume that intermediaries come from a competitive market with and equilibrium price of $8 per unit for their services, that is, any buyer or seller who wants an intermediary's services must pay $8 for them. What is the maximum per unit that s..
Illustrate how a shift of aggregate demand could decrease the equilibrium level of real GDP to $9.5 trillion. Identify the price level for this new equilibrium.
Table 1 shows the distribution of money income in Australia. Calculate the cumulative distribution of income for Australia and draw the Lorenz curve for Australian income.
Retail electrical energy in Michigan costs $0.12/kwh. Your laptop battery fully charged stores 40 watt hours. On avergae a battery can sustain 500 full charge/discharge cycles. The cost of the battery is $100. What is the cost of electrical energy..
Use the diagram with the helping line to draw a level of aggregate expenditure that would lead to an economy at an equilibrium with a real GDP of $9 trillion. Illustrate the effect of a decrease in autonomous net taxes of $200 billion when the mar..
You are starting your own Internet business. You decide to form a company that will sell cookbooks online. Justcookbooks.com is scheduled to launch 6 months from today. You estimate that the annual cost of this business will be as follows: Technol..
Provide statistical results by using STATA and interpretations - Topic is Demand for Automobiles: Foreign vs Domestic.
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