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Consider the three recent policy debates concerning microfinance (on subsidies, nonfinancial activities, and commercialization). What kinds of evidence would you seek to resolve these, at least in a localized context? What lessons can be learned for low-income countries from Botswana's successes?
The market quantity supplied at a price of 15 cents is million pounds. The market quantity supplied at a price of 30 cents is million pounds.
A common marketing tactic among many liquor stores is to offer their clientele quantity (or volume) discounts. For instance, the second-leading brand of wine exported from Chile sells in the United States $8 per bottle if the consumer purchases up..
The firm's production manager claimsthat the firm's average cost of production is minimized at anoutput of 40 units. Furthermore, she claims that 40 units is the firm's profit-maximizing level of output. Explain whether these claims are correct.
Based on the information below about the production structure, explain whether the technology used in each part demonstrates constant returns to scale (CRS) or increasing returns to scale (IRS) property.
A firm called Altobella Vineyard produces Concord grapes in a perfectly competitive market in which monthly demand is given by the equation Q = 1800 - 16P and monthly supply by the equation Q = -660 + 14P, where P is the price per crate of grapes.
How any years will it take to double the balance in the account If, instead, the investor has the alternative to place the deposit in an account that earns 7% interest compounded annually, how many years will it take to double the deposited fund
A small business owner estimates that the heat loss through the exterior walls of her warehouse will cost approximately $4,000 next year. A local company is offering insulation that can reduce the heat loss by 80%,
Suppose that you have highly non convex preferences for ice cream and olives, like those given in the text, and that you face prices p1, p2 and have m dollars to spend. List the choices for the optimal consumption bundles.
You are the manager of a monopolistically competitive firm, and your demand and cost functions are given by Q = 20 - 2P and C(Q) = 104 - 14Q + Q^2. a. Find the inverse demand function for your firm's product. b. Determine the profit-maximizing pric..
For a particular good that is monopolized, the monopolist faces the following demand and cost conditions: P= 12 - 2 qd MR= 12-4qd MC= 2 q a) What price will the firm charge its customers b) Will the firm earn positive economic profits
Inflation affects creditors and debtors. Suppose the Canadian debtors borrowed $100 from the Canadian creditors on December 31, 1992 and promised to pay back $105 on December 31, 1993.
The following table contains information about the revenues and costs for Barry's Baseball Manufacturing. All data are per hour. Complete the first group of columns which correspond to Barry's production if P=$3. (TR=total revenue, TC=total cost, ..
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