Nexus is an auto manufacturer who builds their luxury sedan, the BS300, at two different plant locations. You have decided that total production will be 80 (thousand) units and you are now deciding how many cars to produce at each of plant 1 and 2. In the table, MC refers to the change from 0 to 20, 20 to 40, etc.

Nexus is an auto manufacturer who builds their luxury sedan, the BS300, at two different plant locations. You have decided that total production will be 80 (thousand) units and you are now deciding how many cars to produce at each of plant 1 and 2. In the table, MC refers to the change from 0 to 20, 20 to 40, etc. See attac ...continues

There are many markets in which a “hardware-software” linkage is important. This problem examines supply and demand forces for an emerging market, namely, digital video disks or DVDs. The DVDs are the software and DVD players are the associated hardware. The dynamic evolution of the DVD market has attracted a great deal of attention in the popular press and from market analysts.

Problem I: European market for DVDs (All parts count for 5 points each) There are many markets in which a “hardware-software” linkage is important. This problem examines supply and demand forces for an emerging market, namely, digital video disks or DVDs. The DVDs are the software and DVD players are the associated hardware. ...continues

What would be the results of a nationwide expansion of a program offering financial incentives to hospitals to train fewer doctors?

Problem II (parts a and b are 8 points each and c and d are 7 points each) Read the following New York Times (8/25/97) article and then answer the questions that follow. 1,000 Hospitals Will Be Paid To Reduce Supply of Doctors, New York Times, 8/25/97, Warren Leary The Government has agreed to the nationwide expansion o ...continues

Finding most efficient combinations of labor and capital as their prices vary.

a. Problem III: (each part counts for 5 points) Semiconductor integrated circuits (ICs or “chips”) are manufactured by building up layers of circuitry on silicon wafers. To fabricate chips, each layer must line up precisely with the patterns of other layers. To align layers, firms employ a combination of capital equipment and ...continues

Economics Output Maximization and Profit Maximization

What you are solving for in these problems is the optimal input combination based either on what I call Solution #1 and Solution #2; Solution #1 guarantees output maximization and Solution #2 guarantees profit maximization. Use them where appropriate. Use the optimization procedure to get answers not an Excel result. 1. T ...continues

net present value and IRR

Here is the data to my problem: Revenue 360000 Less: Material Cost 60000 Labor 140000 Depreciation 70000 Other 5000 Income Before Taxes 85000 Taxes at 40% 34000 Net Income 51000 Using this data, I need to calculate the npv, and irr.

Economics Theory Questions

1. What is more beneficial to an economy a surplus or a deficit relative to budget expenditures? Why? 2. If you were chief economic advisor to the President today, what are the three recommendations you would make to him to improve the overall effectiveness of the economy?

Applying concepts of managerial economics.

I need help understanding and applying concepts of managerial economics. 1. The manager of American Box Company conducts a study and notes his 10 workers produce approximately 2,000 boxes per week. He assumes that if he can employ 20 workers, the number of boxes will increase to 4,000 per week, and if he can employ 30 worker ...continues

Advice from Doctoral Candidates

So I'm wondering if any of you over-achievers have any advice for me. Specifically I'm wondering - what else can I be doing to make my resume' more attractive? I'm hoping to enter an Econ PhD program and eventually work at a social experimentation firm (probably). Do you know of any sort of certifications or something which I co ...continues

How the Internet can change markets and industries which have grown because of the long-tail effect.

See attached file for full problem description.