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Question - Ivan owns a small boat and catches shrimps off the Redondo Beach. His weekly cost function is TC(q) = 10 + 5q + q^2. He sells shrimps to the local wholesaler at the market price p (in dollars). (a) Find Ivan's ...
Question: The United States of America's national minimum wage is currently at $7.25 per hour for most occupations in the private sector. Over the past several years, support for an increase in the minimum wage has come ...
Question - A $1000 utility bond with 14 years remaining before maturity can now be purchased for $760. It pays interest of $20 each 6-month period. What rate of return is earned by purchasing the bond at the current mark ...
Question - Suppose that Coca-Cola is currently paying a dividend of $2.74 per share, the dividend is expected to grow at a rate of 4% per year, and the rate of return investors require to buy Coca-Cola's stock is 10%. Ca ...
Question: Suppose US college students, studying in France during the summer term, wish to remain in the country an extra two weeks and purchase train on the Indian Pacific rail line tickets in order to travel from Sydney ...
Question - Sitting on an airplane, you are chatting with the person sitting next to you. That person asks you some questions about time series and macroeconometrics. What do you say? Here are some questions: 1. What is t ...
Question: Again, demand is QD = 32 - 1.5P and supply is QS = -20 + 2.5P. Now, however, buyers and sellers have transaction costs of $2 and $3 per unit, respectively. Compare the equilibrium values with those you calculat ...
Question - Consider firms in the market for get-rich-quick schemes. For this problem, assume get-rich-quick schemes are indivisible (so there can only be 1, 2, 3, etc.). Now, the more schemes there are in the market the ...
Question: Consider the technology represented by y = (x_1)^0.4 (x_2)^0.6. The marginal products are MP_1 = 0.4/x_1 and MP_2 = 0.6/x_2. We now consider the problem of cost minimization. Write the problem of cost minimizat ...
Assignment 2: Global Economy, National Economies, and Competition In the first part of the twenty-first century a great recession struck most of the countries in the world. The next decade has been severally impacted wit ...
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