production possibility frontier

Please sell the attached file.

Monetary Policy

1. Describe three ways in which the Federal Reserve can change the money supply. 2. If the Federal Reserve is going to adjust all of these tools during an economy that is growing too quickly, what changes would they make? 3. If the Federal Reserve is going to adjust all of these tools during an economic recession, what cha ...continues

Demand Equation

The price p and the quanity x sold of a product obey the demand equation x = -20p + 500, 0

Principles of microeconomics

We make choices as consumers every day.Opportunity cost is defined as a person's ''next best alternative'' or the best of what you give up when you make a choice. Think of a recent decision you made regarding your career. What was your opportunity cost for making that choice? What was your best alternative?

Opportunity Cost and Alternative Choices

We make choices as consumers every day. Opportunity cost is defined as a person's ''next best alternative'' or ''the cost of what you give up" when you make a choice. Think of a recent decision you made regarding your career. What was your opportunity cost for making that choice? What was your best alternative?

Principles of microeconomics

You have been hired by an unprofitable firm to determine wheter it should shut down its unprofitable operation.The daily wage(per worker)is 100$and the price of the firm's output is 30$.The cost of other variable input is 500$per day.Although you don't know the firm fixed cost, you know thatit is high enough that the firm's tota ...continues

Principles of microeconomics

You have been hired by an unprofitable firm to determine wheter it should shut down its unprofitable operation.The firm currently uses 70 workers to produce 300 units of output per day.The daily wage( per worker) is $100 and the price of the firm's output $30.The cost of other variable input is $500 per day. Although you don ...continues

Principles of microeconomics

Suppose the price of apples rises from $3 a pound to $3.45 and your consumption of apples drops from 30 pounds of apples a month to 21 pounds of apples.Calculate your price elasticity of demand of apples.What can you say about your price elasticity of demand of apples? Is it elastic, inelastic, or unitary elastic?

Microeconomics consumer choice problem: linear utility function, perfect substitutes

Jennifer's utility function is given by U = x + y, where x = food and y = clothing. If her income = $100, price of x = $10 and price of y= $5, find (graphically) her utility maximizing bundle of x and y. If her utility changes to U = 3x + y, how will her utility-maximizing bundle be affected?

production function question: calculate MPL and MPK (marginal productivity of labor and capital)

The production function for the personal computers of DISK Inc. is given by Q= 10 (K *L)^0.5. DISK's competitor FLOPPY Inc's production function is Q = 10K^0.6 L^0.4. (a) If K is limited to 9 units, in which company MP of labor greater? (b) What can you say about the MP of labor for a given K?