Other Economics Answers

Suppose a monopolist is producing a level of output such that MR>MC. What should the firm do to maximize its profits?

A) The firm should increase output.

B) The firm should do nothing it wants to maximize the difference between MR and MC in order to maximize its profits.

C) The firm should increase price.

D) The firm should hire less labor.

the price of both goods X and Y increase by 8%. this change in price result in a 4% decrease in the quantity demanded of good X , and a 25% decrease in the quantity demanded of good Y. this difference may be because

Is true or false that the basket that is used to measure the producer price index includes services and excludes capital goods

KSU Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on jobs that it currently isn't equipped to do. Estimates regarding each machine are provided below.

                       Machine A,Machine B

Original cost $106,000 $ 175,000

Estimated life  8 years 8 years

Salvage value$3,000 -0-

Estimated annual cash inflows $30,000 $45,000

Estimated annual cash outflows $10,000 $15,000

(A) Calculate the following for each machine. (i). Net present value assuming a 9% discount rate. (ii). Profitability index(B) Which machine should be purchased? Why?

suppose the government puts a tax of 10cent on a liter of diesel and then later decides to put a subsidy at rate of 5 cents a liter.What net tax is this combination equivalent to?

Why is the price discrimination not positive under perfect market conditions

explain the implications of risk and uncertainity at covid 19 time for theory of firm

Calculate the elasticities of the defense budget for all of the variables except for X5? Use mean

values where required.

"From Jan 2006 to Jul 2016, the Consumer Price Index for college tuition and fees increased 63 percent, compared with an increase of 21% for all items. Over that period, consumer prices for college textbooks increased 88% and housing at school (excluding board) increased 51%."

It's no secret that college is expensive and, while community college is less expensive than two years at a university, this isn't much comfort for those who have to take out loans or pay out of pocket.

1) According to multiple sources, "Americans owe over $1.4 trillion in student loan debt...that's about $620 billion more than the total U.S. credit card debt...the average class of 2016 graduate has $37,172 in student loan debt" (SLH). What potential problems does this pose? What, if anything, should be done about this and by whom? 200 words

2) What motivated you to go to college and do you think that it will be worth the investment? 200 words

3) What should Americans consider before applying to college? 200 words

Given that P is the unit price of a good, Ep is the price elasticity of demand, and MR is the marginal revenue. Show that the relationship that connects MR,P, and Ep is MR=P(1-1/Ep)