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If revenues from selling quantities x and y of jointly produced goods X and Y were TRX = 300 - xy + 50x and TRY = 1000 - xy + 2y, and 10 units of y were produced, what would be marginal revenue with respect to X? What is the answer for this problem?
The Australian government administers two programs that affect the market for cigarettes
If we know the exchange rate between Country A’s currency and Country B’s currency, and we know the exchange rate between Country B’s currency and Country C’s currency, then we can compute the exchange rate between Country A’s currency and Country C’..
Use the midpoint method to compute your price elastcityof demand as the price of compact discs increases. Compute your income elasticity of demand as your income increases.
An engineering firm estimates that its cost for employer sponsored health insurance will be $750,000 next year and increase at 9% per year for the next 8 years. The company CFO wants to budget a uniform amount each year to cover these costs.
What is the equilibrium quantity and equilibrium price for the following demand and supply curves:
A geothermal heat pum can save up to 84% of the annual heating and cooling bills of a certain home in the norotheaster US. In this region, the yearly cost of conventionally heating and cooling a 2,000 square foot house is about $2,900. The maximum am..
Two weeks ago, you signed an employment contract and accepted the responsibility of a Branch Manager with the First Econ Bank in Dallas, TX. Calculate the actual dollar amount the First ECON Bank has to place aside to meet legal Reserve Requirements...
Consider a 30 year $10,000 (risk-free) bond with annual coupon rate of 4.25%. What is the annual coupon payment? If the yield to maturity on the bond is 4%, what must be the market price for the bond? Is the bond selling at a discount of (below) or ..
a. Having $500 today is equivalent to having what amount in one? year? b. Having $ 500 in one year is equivalent to having what amount? today?
What is the value of the price index in 2014? What is inflation from 2013 to 2014?
Graph the demand curve, and give some verbal interpretation. Compute the intercept and slope of the demand curve. Use the calculus formula to calculate the point elasticity at the price of $4.00. Give a verbal interpretation of this elasticity. Is th..
What is the meaning of 'income inequality'? ( what does 'income' mean; that is, how does 'income' differ from 'compensation', 'earnings', or 'wages'?)
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