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Many gyms offer a mixed two-part tariff pricing scheme. One can join the gym and then have daily access at a very low cost (often, free); alternatively, one can choose not to join and pay a higher daily fee (perhaps $10 or $15). Explain the rationale for this dual pricing scheme. What must be true of the gym's customers' demands?
Suppose the world price of crude oil is $15. What would be the equilibrium price and quantity under free trade? Find the price of oil, the total quantity traded, and the domestic quantity supplied. Assume you can treat foreign supply of oil as inf..
Assume I sell rubber garden hoses. I sell my hoses for $10 each and expect to sell 100,000/year for the next three years. My fixed costs are $185,000 and my variable costs are expected to be $650,000, 690,000 and 750,000
Cameron is an investor trying to decide among the following three different investment options. Option A:Price today: $1000 One year from today Cameron will receive one of the following payments: $1,250 with a probability of 90%
Shaw, Barry, Issa and Catley (2013) state society attitudes such as the tendency to view the natural world as ‘free and unlimited good' has led to or increased our environmental problems.
What role do expectations play in an inflationary environment and in determining the economic consequences of inflation?
How many types of voids are present in a hydrated cement paste? What are their typical dimensions? Discuss the significance of the C-S-H interlayer space with respect to properties of the hydrated cement paste.
For the electrical connection and insulation desired, more layers may be deposited and followed by etching. Draw a flowchart of the surface micromachining.
consider the maximization problem u(c,l) subject to pc + wl = wT + Y, where c is consumption, l is leisure time, T is total time endowment, and Y is non-wage income. prove that if leisure is an inferior good then the labor supply function is upwar..
A fully equipped facility can be leased at a cost of $35,000 for the year. Additional projected costs are $15,000 for overhead, and $5 per automobile for materials and supplies. Full detail automobile cleaning would be priced at $25.
A group of enterprising engineering students has developed a process for extracting combustible methane gas from cow manure (don't worry the exhaust is odorless). With a specially adapted internal combustion engine, the students claim that an auto..
An oil company contemplates investing 100 million dollars per year (in constant dollars) for five years in exploratory work to confirm the existence of new exploitable reserves.
Determine the effects of this on current aggregate output, current employment, the current real wage, current consumption, and current investment.
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