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If the price of the electric train is $43, find the demand for it if...
Supply: p=3/2q
Demand: p =51 -4/3q
What is the equilibrium quantity?
What is the equilibrium price?
What docs Pareto efficiency tell you about the equilibrium price ratio? Calculate the competitive equilibrium, and graph in the budget line and indicate the equilibrium allocation in your sketch.
Eight friends ate at a restaurant and agreed to share the bill equally. Because Judi forgot her money, each of her seven friends paid an extra $2.50 to cover her portion of the total bill. What was the total bill?
The following are examples of benefits except: To convert inflated dollars into constant-value dollars, it is necessary to take inflated dollars and: Which is NOT true about Public Sector projects?
Consider two consumers, John and Maria, each with an quantity of two goods: corn and sugar. a. John has 30 gallons of gasoline (G) and 20 bags of sugar (S); for that basket of goods, his MRS(GS) is 1G/5S. Maria has 30 gallons of gasoline (G) and 50 b..
Suppose that you are in the short-run and the production function for your firm is given as: F(L,K)=K1/2L1/2 Also, in the short-run capital is fixed at K=16. You also know that the wage rate for workers is w=10, the price of capital r=20 and that the..
Describe the relationship of race, class, and gender and its effect on health and mental care delivery in the United States. What steps could be taken to guarantee that all have the same access to the appropriate health care? Should funds be made ava..
Suppose that the price per unit of input A is 2 euros, the price per unit of input C is 10 euros and the price per unit of input K is 24 euros. What is the minimum cost of producing 40 units of output y for the firm if the firm’s production function ..
Derive the IS-LM model by considering the expectation into the model. You need to explain which factors affect each of the curve, and how the changes of these factors will shift the corresponding curve of the model.
Under a system of floating exchange rates, is monetary policy or fiscal policy better suited for promoting internal balance? Why?
Would you expect trade with Germany would be more inter-industry or intra-industry (factor endowments)? Why? Please find the data of imports and exports to Germany and include it with your assignment. Do the data support or contradict your hypothesis..
Consider the invention and adoption of the mechanical tomato harvester on the farm labor market. Illustrate the expected impact of the invention of the mechanical tomato harvester on the farm labor equilibrium when farmers believed that the end of th..
You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 80-Q, where Q = Q1 + Q2. The marginal cost associated with producing in the two plants are MC1 = Q1 and MC2 = 8. How much output should be pro..
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