Suppose that after the fee was imposed, the time of the average trip in central London fell from 40 minutes to 30 minutes. (Note: The travel time will not change by as much as the average speed because the average speed may not account for time spent waiting at traffic signals.)

Under these assumptions, now that the city has imposed the fee, what is the total cost per trip for someone who drives in central London?

## Determine necessary full-employment real outputUse the data above to graph the aggregate demand and aggregate supply curves. What is the equilibrium price level and the equilibrium level of real output in this hypothetical economy Is the equilibrium real output also necessarily the full-employ.. |

## What is domain of profitable demand during a monthA large wood products company is negotiating a contract to sell plywood overseas. The fixed cost that can be allocated to the production of plywood is $900,000 per month. The variable cost per thousand board feet is$131.50. The price charged will .. |

## What is the average and marginal cost of gumball productionSuppose that the Acme Gumball Company has a fixed proportions production function that requires it to use two gumball presses and one worker to produce 1000 gumballs per hour. The cost function is TC = q(2v+w), where q is the output of gumballs per.. |

## What is the size of the labor force in the usSuppose nominal GDP in 1999 was $100 billion and in 2001 it was $260 billion. The general price index in 1999 was 100, and in 2001 it was 180. Between 1999 and 2001, the real GDP rose by what percent.What is the unemployment rate in the United Stat.. |

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## What is the variance of one throw of the diceyour playing dungeon and dragons an old-school pen and paper role playing game. the game uses an 8 sided dice, with numbers 1-8 on each face. the probability of rolling each number is 1/8. let y equal the sum of values from two independent rolls, t.. |

## Which economy did real gdp per person growit also gives each economy's average annual growth rate over this period. for example, real GDP per persion in senegal was $1,776 in 1960 and actually declined to $1,571 by 2000. Senegal's average annual growth rate during this period was -0.31% |

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## What is the optimal short run outputThe short run optimal cost of Ohio Bag Company is 2Q. Price is $100. The company operates in a competitive industry. Currently, the company is producing 40 units per period. What is the optimal short run output. |

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