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A new coffee shop opens and to maximize profit it hires 5 workers at the competitive wage rate. The price of a cup of coffee is $4 and the value of marginal product of workers in the coffee shop is $12 an hour.What is the marginal product of the coffee shop workers? How much does a coffee shop worker earn?
The cost of producing x-items is given by the equation C(x) = 2x2 - 200x + 6000 determine the number of items to be produced to minimize the cost as well as giving the minimum cost.
The plan is to make an initial deposit today and then deposit an additional $2,500 a year for the next three years, starting one year from today. The account pays a 3% rate of return. How much does the Bluebird Company need to deposit today.
If the market is rational, would the painting that previously sold in the "hot" market necessarily fetch a higher price at the auction? What biases that were discussed in class may cause the painting that previously sold in the "hot" market indeed..
What data will you use in your empirical work? What is the source of your data? Why is this particular data set appropriate for the study
What is the elasticity of the total cost with respect to output? Explain whether the cost structure displays economies or diseconomies of scale.
Sonic Boom Corporation sells drum sets. At a price of $600 per set, they sold about 500 sets per month. The new general manager for this product, Eli Sticity, decided that the company needed more revenues and increased the price to $700 per set.
How would you describe the pattern of world economic growth over the past 2,000 years? Approximately when did economic growth really take off?
Which changes to fiscal stimulus package of 2009 for $862 billion (under the bill called American Recovery and Reinvestment Act of 2009) would have a larger overall impact on AD. Explain your answer in a paragraph or two with credible logics and a..
why Esakom is not a profitable company Recently
(Money Demand) Suppose that you never carry cash. Your paycheck of $1,000 per month is deposited directly into your checking account, and you spend your money at a constant rate so that at the end of each month your checking account balance is zer..
The rate cut was made because European countries were growing very slowly or were in recession. What effect did the bank hope the action would have on the economy? Be specific. What was the hoped-for result on C, I, and Y?
The third is for the government to distribute income to poor people. Which program is more likely to have a Pareto-efficient outcome? Describe why the other programs are not likely to be Pareto efficient.
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