Suppose you plan on eating 50 potato chips. As you start consuming potato chips, your marginal utility is very high, but it begins to fall slowly until you’ve eaten 10 chips. After you have eaten 10 chips, your marginal utility decreases even faster with each additional chip. Marginal utility continues to decline until you’ve eaten 49 chips. The fiftieth chip does not give you any additional utility. After 50 chips, your mouth gets so salty that it is unpleasant to eat any more, so marginal utility is actually negative for those chips. How many chips should you eat in order to maximize your total utility?

Group of answer choices

A labor market has 50,000 people in the labor force. Each month, a fraction p of employed workers become unemployed (0 < p < 1) and a fraction q of unemployed workers become employed (0 < q < 1).

(a) What is the steady-state unemployment rate?

(b) Under the steady-state, how many of the 50,000 in the labor force are employed and how many are employed each month? How many of the unemployed become employed each month?

(c) Suppose p = 0.08 and q = 0.32. What is the steady-state unemployment rate and how many workers move from employment to unemployment each month?

Energyshot is a new energy drink that is about to be introduced into the global market. You are the executive in charge of marketing it in some of the lesser developed countries such as Honduras and Haiti. You are aware that food and milk in these countries is more expensive than Energyshot. Your boss thinks that one television advertisement campaign should be sufficient for all markets, just changing the translation to suit the language differences.

• Discuss what effect an advertising campaign touting how “the boost of energy from Energyshot will last the whole day!” will impact these lesser developed countries.
• What are the ethical and social responsibility ramifications of a populace too poor to afford much food using this drink instead?
• What would you do as the marketing manager for this drink for these countries?

Be sure your answer is complete and include any relevant diagrams and examples. 3 paragraphs minimum.

Crime rates are higher in certain areas of a city, frequently the central city. How do residents and businesses of these areas respond to these higher crime rates? What impact does this have on the entire city? Be sure to include the effect on tax revenue, city government spending, and any other effects.

Suppose that the first national bank currently holds a total of 45 million dollars in deposits from over 120,000 clients. At the same time, the total amount of loans people owe the bank is 18 million dollars, and the bank cannot legally issue more loans without attracting additional deposits. Assume that the bank currently has 3 million dollars in cash and 2 million dollars worth of securities invested in the financial market. The bank also owns some physical assets, such as its office building.

Suppose now someone saves another $52 into his checking account at the first national bank, what is the maximum amount of deposits that can be generated (including this initial deposit) by the fractional reserve banking system?

Round your answer to 2 digits after the decimal point.

the cost function for a firm with a Cobb-Douglas production function  y = x₁^ax₂^b   can be written as c(y) = Ky^1/(a+b).

a) Demonstrate that if  a+b < 1 the firm’s long-run average and marginal cost functions must be increasing in y.

b) Demonstrate that if  a+b = 1 the firm’s long-run average and marginal cost functions will not be increasing in y but instead will be constant.

Please show work, don't just put it in excel: A firm will choose one of two projects. Both projects have useful lives of 10 years. Project A has an initial cost of $10,000, annual fuel cost of $500 per year, maintenance cost of $100 at the end of year 1 that increases by $25 per year thereafter, a salvage value of $1,000, and annual benefits of $2,300. Project B has an initial cost of $13,000, annual fuel cost of $400 per year, maintenance cost of $100 at the end of year 1 that increases by 10% per year thereafter, a salvage value of $2,000, and annual benefits of $2,500. Evaluate the present worth using an interest rate of 8 percent, compounded annually.

1.What is the present worth of project A ($)?

2.What is the present worth of the annual benefits for Project B ($)?

3.What is the present worth of Project B ($)?

4.Suppose that Project A has a present worth of $1,294 and that project B has a present worth of $1,105 (these are not the correct answers to prior parts of the problem), which project is preferred?

5.Suppose that the interest rate is 6.7 percent. At this interest rate, what is: 1. the net present value of Project A ($)? 2. the net present value of Project B ($)? 3. from an engineering perspective, is there any significant difference in the present value of these two projects (y/n)?

Compare and contrast the approaches of Smith, Ricardo, Marx, Veblen, and Schumpeter to an understanding of “the machine” or capital and its development? How does their approach to the machine support their view of economic society, specifically class structure?

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither.

Choices for each

-(a) Consumer Surplus

-(b) Producer Surplus

-(c) Neither

(1) Even though I was willing to pay up to $43 for a used laptop and even though the seller was willing to go as low as $32 in order to sell it, we couldn't reach a deal because the government imposed a price floor of $49 on the sale of laptops.

(2) I sold a jersey sweater for $34, even though I was willing to go as low as $25 in order to sell it.

(3) Even though I was willing to pay up to $49 for a used textbook, I bought a used textbook for only $43.

Locate a recent article (published within the last year) that includes values for the key economic factors. You can use the Hunt Library, newspapers, new stations, or other credible sources to locate an article. Analyze your selected country's economic well-being. Include the following in your discussion.

• Discuss how nominal and real GDP for your selected country are affected if there is a decrease in taxes and an increase in interest rates.
• Identify and discuss at least six economic indicators for your selected country.
• State the relationship between GDP, net domestic product (NDP), national income (NI), personal income (PI), and disposable income (DI).

Describe the basic types of financial decisions firms have to make? Give an example of each

2. Use the data provided below and calculate:

1. Nominal GNP for 2014 and 2015.
2. Assuming 2014 is the base year, calculate price index for 2015.
3. Real GNP for 2014 and 2015.
4. Inflation rate from 2014 to 2015.
5. Real and nominal rates of economic growth from 2014 to 2015. (Note, rate of change is measured by “absolute change” from one year to another divided by what the GNP was in the previous year.

What is the role of the contemporary partisan think tank in U. S. politics and policy formation today? (250 words please)

Explain with examples (at least 3) of arbitrage in exchange rates.