For each pair of goods, decide which would have greater price elastic demand:
1. Cheerios or breakfast cereal?
2. Milk or soda?
3. Salt or rent for your house?
In: Economics
Answer in 7-10 sentences.
What are the assumptions underlying the different growth models? How do these assumptions lead to different policy prescriptions for promoting economic growth from the Harrod-Domar, Solow and endogenous growth models?
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Please I need today answer for This question and it is very important and I need solution for this issue with all the details , and help me with all the details.Please write your answer to me by typing, not by handwriting, so that I can read and understand your answer clearly.
This is an essay question . Write no more than 2 pages (maximum). Only legible answers will be considered.
Question. State two features of the Swedish Fiscal framework and explain what they entail.
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I only spend time hiking (H) and sleeping (S). For every hour I hike I need three hours of sleep or that time hiking gives me no pleasure. Extra sleep (additional to that) doesn’t make me any happier.
1) Graph 2+ indifference curves
2) Write an equation that could represent the utility function
3) For that utility function, what is the marginal utility for each good?
4) What is the MRS? Do these preferences represent diminishing MRS?
In: Economics
Adjustment Letter: Ben & Jerry’s
In an exciting inside look, you see managers discussing six factors that determine Ben & Jerry’s continuing success. Toward the end of the video, you hear staffers discuss a new packaging material made with unbleached paper. As a socially responsible company, Ben & Jerry’s wanted to move away from ice cream packages made from bleached papers. Bleaching requires chlorine, a substance that contains dioxin, which is known to cause cancer, genetic and reproductive defects, and learning disabilities. In producing paper pulp mills using chlorine are also adding to dioxin contamination of waterways. After much research, Ben & Jerry’s found a chlorine-free, unbleached paper board for its packages, That was the good news. The bad news is that the inside of the package is now brown.
Assume you have been hired at Ben & Jerry’s to help answer incoming letters. Although you are fairly new, your boss gives you a letter from an unhappy customer. This customer opened a pint of Ben & Jerry’s “World’s Best Vanilla” and then threw it out. After seeing the brown inner lid, he decided that his pint must have been used for chocolate before it was used for vanilla. Or, he said, “The entire pint has gone bad and somehow turned the sides brown.” Whatever the reason, he wasn’t’ taking any changes. He wanted his money back.
TASK: Write a letter that explains the brown carton, justifies the reason for using it, and retains the customer’s business.
In: Economics
The demand curve for Widgets is given by QD = 125 + 1.5y - 25p + 30pG, where QD is the quantity of widgets demanded, y is the per capita income and pG is the price of Gizmos. An increase in the price of Widget itself will cause Group of answer choices:
movement along the demand curve.
demand increases.
demand shifts right.
demand shifts left.
In: Economics
Suppose that a firm had a production function given by: q=L0.25K0.75. The wage rate (w) is $10 and the rental rate (r) is $10. Calculate the amount of labor the firm would hire when it produces 300 units of output in a cost-minimizing way. (Round to the nearest 2 decimal places if necessary.)
When you simplify, show steps please. I'm very confused
In: Economics
At minimum, answer the following questions Administrative Services
*FOR ADMINISTRATIVE SERVICES*
In: Economics
In: Economics
In: Economics
In: Economics
2015 Tax Rates | ||||
Tax Rate | Single | Married Filing Jointly | ||
Ordinary Income | Taxable Income over | To | Taxable Income over | To |
10% | $0 | $9,225 | $0 | $18,450 |
15% | 9,225 | 37,450 | 18,450 | 74,900 |
25% | 37,450 | 90,750 | 74,900 | 151,200 |
28% | 90,750 | 189,300 | 151,200 | 230,450 |
Instructions: Round your final answer and all intermediate calculations to the nearest whole number.
Use the tax table to compute the taxes of someone who has a spouse and three children, has income of $135,000, and takes the standard deduction. The standard deduction is $6,300 for a single person and $12,600 for a married couple. Exemptions are $4,000 for each person in the household.
Taxes =
In: Economics
In: Economics
A sales employee generates sales revenue of either $1250 or $750, each with equal probability. A manager is paying the sales employee 25% of sales revenue, and the sales person has a utility function u(x) = x0.5. What is the lowest fixed salary (ie., independent of sales outcome) the manager can pay the employee instead, so that the sales person is not worse off? (a.)$887 (b.)$667.7 (c.)$453.5 (d.)$246.1
In: Economics
In: Economics