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A one-day ticket to visit the Screaming Coasters theme park costs $36, but you can also get a two-consecutive-day ticket for $40. What is the average cost per day for the two-day ticket? What is the marginal cost of the second consecutive day?
Suppose that fixed costs increase by $50 but the prevailing market price remains unchanged. Using algebra determine the effects of this change in cost on the profit maximizing output and the optimal profit. Algebraically calculate the profit maxim..
Execute this statement using the Microsoft SQL Server Management Studio. Run an SQL SELECT query in the Microsoft SQL Server Management Studio GUI tools to demonstrate that the view Popular Shows View was constructed correctly.
The Third National Bank has reserves of $20,000 and checkable depositts of $100,000. The reserve ration is 20%. Households deposit $5,000 in currency into the bank that is added to reserves
Suppose the two countries we considered in the numerical example on pages 166-169 were to integrate their automobile market with a third country, which has an annual market for 3.75 million automobiles. Find the number of firms, the output per fir..
Suppose the ratio of deposits that banks hold in the form of reserves is 7 percent. Suppose further that people want to hold 8 percent of their deposits in the form of cash. Then if the fed wants the money supply to be $6,228 billion
The demand curve for the industry is P=100-Q, where P is the price (in $millions) and Q is the total quantity produced by GE and Westinghouse. Currently, each firm has marginal cost of $40 and no fixed costs. Thanks!
You are given the following information on the bond market: Money available on January 1, 2004: one thousand dollar interest rates on January 1, 2004, on bonds of different maturities: 1 year, 4%; 2 year, 5%; 3 year, 5.5%; 4 year, 6%
Suppose that a holiday bonus raises Josie's income temporarily to $360. Draw Josie's new budget constraint. h. Indicate the new bundles of music and fireworks that are feasible, given Josie's new income.
Check that the relation between these average and marginal products satisfies the properties that we discussed in Section 7.2.
A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 6.00 percent. This firm is earning $15.00 on every $150.00 invested by its founders. What is its percentage rate of return.
Suppose the consumer has $100 to spend on consumptionnow (c1) or consumption next year (c2). Any money not spent now can be deposited in a bank account, accumulating interest at an annual rate of 10%, and then withdrawn for spending next year. The..
Discuss the procedures used to test one of these objectives.
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