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If a country should invest in education which level should get the majority of the funds? Should High Schools and Elementary Schools get the funding or should higher education? Which will have the greatest effect on the PPF? Why?
Please be thorough.
Explain how the strength of the economy as a whole could affect the marginal benefits and the marginal costs associated with a decision to purchase a home.
What is the primary goal of monetary policy and what are the three primary tools available to the Federal Reserve to meet this goal?
An electronics plant's production function is Q = 5LK, where Q is its output rate, L is the amount of labor it uses per period, and K is the amount of capital it uses per period. The price of labor is $1 per unit of labor, and the price of capital is..
The Electrotech Corporation manufactures two industrial-sized electrical devices: generators and alternators. Both of these products require wiring and testing during the assembly process. There are 260 hours of wiring time and 140 hours of testing t..
His uncertainty about total sales of the book can be represented by a random variable with a mean of 30,000 and a standard deviation of 8,000. Find out the mean and standard deviation of the total payments he will receive.
Consider Bertrand competition with homogeneous products. Two firms, 1 and 2, produce an identical product and compete by choosing price. Consumers buy from the firm with the lower price. Assume that the firms can only set integer prices, so if one wa..
A competitive firm’s cost of production is C(Q) = 16Q - Q2 + 4Q3 . Assume that the market price is P=26. Draw the firm’s supply curve. What is the lowest price at which the firm is willing to produce? You should show the exact coordinates of the supp..
Assume the market for ceiling fans is perfectly competitive and is currently in equilibrium.
Suppose that an automobile costs $30,000 in the United States and 25,000 Euros in France. Further suppose that the exchange rate is .8 (one US dollar = .8 Euros) What is the real exchange rate? In which country is the automobile less expensive?
Should college be subsidized? All U.S. states subsidize education for college students, mostly by charging below-cost tuition. Nearly free tuition is available in many European countries and has been proposed in California. Should the government subs..
Elucidate in writing to what market your derivation brings equilibrium and how it accomplishes this. What are the principal differences between flexible and fixed exchange systems.
Discuss the positive aspects of globalization, and contrast these with the negative aspects of globalization from the perspective of a small business.
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