oligopoloy is charcterized by having a few firms in the industry, what is the best explanaton for wh… Show more oligopoloy is charcterized by having a few firms in the industry, what is the best explanaton for why these indrusties only have a few firms? • Show less
is an indefinite fut… Show more The replacement of a planning machine is being considered by a company. ( There is an indefinite future need for this type of machine.) The best challenger will cost $30,000 for installation and will have an estimated economic life of 12 years and a $2,000 MV at that time. It is estimated that annual expenses will average $16,000 per year. The defender has a present BV of $6,000 per year. The defender has a present BV of $6,000 and a present MV of $4,000. Data for the defender for the next three years are as follows: Year MV at EOY BV at EOY Expenses 1 $3,000 $4,500 $20,000 2 2,500 3,000 25,000 3 2,000 1,500 30,000 • Show less
if the supply of investment funds is horizontal and the government increases spending by $200 billio… Show more if the supply of investment funds is horizontal and the government increases spending by $200 billion, the change in real GDP will be (assuming a marginal propensity to consume of 0.8) • Show less
What are some advantages and what are some concerns about using project management software. Do adv… Show more What are some advantages and what are some concerns about using project management software. Do advantages outweigh the concerns? Explain your answer. • Show less
at what interest rate would the loanable funds market among these three students be in equilibrium… Show more at what interest rate would the loanable funds market among these three students be in equilibrium? • Show less
Suppose the government is thinking about imposing higher taxes on fast-food restau- rants. As a ne… Show more Suppose the government is thinking about imposing higher taxes on fast-food restau- rants. As a newly minted economist/policy analyst, you have been hired to analyze the impact of this policy on low-income consumers. Suppose the supply curve for fast-food has the typical upward slope. (a) suppose low-income consumers are able to easily substitute away from fast-food when prices change. Graphically depict the amount of the fast-food tax that is paid by the low-income consumer. (b)suppose that in contrast to part a, consumers are not easily able to substitute away from fast food when prices change. Graphically depict the amount of the fast-food tax that is paid by the low-income consumer. • Show less
For each event given below, respond to the following points using the det… Show more Type your question here For each event given below, respond to the following points using the determinants of demand and supply: A. Determine whether demand or supply changes or if the event instead causes a change in quantity demanded or quantity supplied. B. State whether the change is an increase or decrease. C. List the determinant that led you to that conclusion. Events 1. The price of oil increases because OPEC reduces oil production. 2. The tax on gasoline consumption increases. 3. Firms start producing more fuel efficient vehicles and produce fewer vehicles that use fuel inefficiently. 4. Summer arrives and more people choose to take vacations. 5. The price of gasoline increases. 6. The price of ethanol, a complement good, increases. 7. There is a large oil spill in the Gulf of Mexico. 8. Incomes fall because a recession begins and gasoline is a normal good. 9. Consumers desire more electric powered vehicles instead of gasoline powered vehicles. 10. A new production method allows for twice as much gasoline to be refined per day. • Show less
