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You are giving the following amounts: $190,258.50; $152,698.00; $122,753.00; $220,523.00; $231,951.00. What is the average of these five amounts?
Etisalat and Du are duopolists. If they form a cartel between themselves, then what will happen to price and output in the market. Discuss your answer with a relevant diagram.
| 2009 | 2010 | Quantity of money | $400 | $408 | Velocity of money | 20 | 20 | Price level | $10.00 | $10.20 | Quantity of output | 800 | 800 | In 2009, the nominal GDP was $8,000, where as in 2010, nominal GDP is $8,160.
What assumption about X guarantees the existence of β'? Give an example where this assumption fails - Define the OLS residuals - non-stochastic stochastic explanatory variables and ut is a random disturbance
The financial market looks like the following. 1. People decide not to hold currency. 2. The required reserve ratio on deposits is 10 percent 3. The money demand function looks like Md = $Y*( 0.9 - 3*i ) 4. Nominal income is $5 Trillion 5. The Moneta..
The St. Thomas Winery plans to open a new production facility in the Napa Valley of California. Based on information provided by the accounting department, the company estimates fixed costs of $250,000 per year
Firm XYZ measured its MP of labor curve. XYZ produces gadgets that are sold for $20 each and is able to hire workers for $10 per hour. How many hours of labor should XYZ hire each day to maximize its profits.
A monopolist faces a demand curve given by: P=220-3Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $40. There are no fixed costs of productions.
A particular firm must pay $10 per unit of labor and $250 per of capital. the firms marginal product of labor is 80 and its marginal product of capital is 270. is this currently cost minimizing is not how should the firms adjust its input mix
Recall that the Lerner formula or condition states that (p-MC)/p = 1/E. Write down the profit maximization conditions for pj j=X,Y. Can you write down the Lerner conditions for the two products? Why is the formula different in this case from the u..
Picabo borrows $1000. To repay the amount, she makes 12 equal monthly payments of $90.30. Determine the effective monthly interest rate, the nominal annual interest rate, and the effective annual interest rate
In December, the price of Christmas trees rises and the quantity of trees sold rises. Is this a violation of the law of demand? Explain your answer.
The market for widgets is perfectly competitive with a market demand curve of: Q =200-(.5)P There is a single production technology available to firms that choose to operate in the market. The long run total cost function associated with this tech..
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