... shift from S1 to S2 in Figure 2. 2.b, resulting in a higher equilibrium price, P2, covering the higher production costs, and a lower equilibrium quantity, Q2 P r ice S2 S1 P2 P1 D Q1 Q2 Qu a n t it ... shift from D1 to D2 This will result in a decline in the equilibrium price from P1 to P2, and a decline in the equilibrium quantity from Q1 to Q2 See Figure 2. 2.c P r ice S P1 P2 D2 Q2 D1 Qu a n t ... demanded at the price of $2. 00 2( 2) +2= 8 Price elasticity of demand = Q=10- P ΔQ = ( 2) = − = −0.5 Q ΔP 8 Cross-price elasticity of demand = P ΔQ s = (1) = 0 .25 Q ΔPs 12 Suppose that rather than...
... cost 32 Chapter 3: Consumer Behavior by altering their consumption bundle Since the base year cost is overstated, the denominator will be larger and the index will be lower, or understated 33 ... trade? Why or why not? 30 Chapter 3: Consumer Behavior No Bill should not make the trade If he gives up the movie tickets then he will save $8 per ticket for a total of $ 32 basketball ticket However, ... two indifference curves cannot intersect 24 Chapter 3: Consumer Behavior The explanation is most easily achieved with the aid of a graph such as Figure 3. 3, which shows two indifference curves...
... forwarded 26 51 packets dropped 47 packets số lost packets • Độ lớn packets lưu thông 40-1040bytes, trung bình 27 8.99 63 • Tổng cộng lượng bytes send: 7 539 90, Node forwarded 733 330 bytes, làm drop 20 660bytes ... biểu đồ 3D cho ta thấy Node drop khoảng 12 packets tổng số packets nhận từ Node 3, Node drop khoảng 30 packets tổng số packets nhận từ Node Thông số giả lập 1 .3. Kết luận: Từ biểu đồ 3D cho biết ... gian bắt đầu 1.3s, kết thúc lúc 4.8s, CBR có thời gian bắt đầu 1.6s, kết thúc lúc 5.1s Chú ý: Các Nodes lại giữ nguyên thông số cũ 2. 1.NS -2: Topology qua NS -2 Lúc packets bị drop 2. 2.Trace Graph...
... người Theo thống kê năm 20 04,dân số Brazil 186.1 12. 794 (hạng Thế Giới) Dân số Brazil chủ yếu tập trung dọc bờ biển, nội địa mật độ dân số thấp, khoảng 22 người/km2 ( năm 20 04) Dân chúng bang miền ... Đào Nha (từ kỉ 16 đến kỉ 18) người dân di cư Bồ Đào Nha (thế kỉ 19 kỉ 20 ), sau người nhập cư Ý Người da đỏ xứ Brazil (khoảng 3- 5 triệu người) phần lớn bị tiêu diệt hay đồng hóa người Bồ Đào Nha ... nước có địa hình chủ yếu lại đồi vùng núi thấp Vùng bờ biển giáp Đại Tây Dương có nhiều dãy núi cao, có độ cao so với mặt nước biển 29 00 m Do có ưu đãi thiên nhiên nên Brasil quốc gia có độ đa...
... they are paid This results in a perfectly inelastic supply curve, or something close to it Given 23 3 Chapter 14: Markets for Factor Inputs the high demand for rock music, the wage will be very high ... football players if the draft system were repealed, and all teams could compete for college players? 23 4 Chapter 14: Markets for Factor Inputs The National Football League draft and reserve clause ... hire the one welfare worker, though they may of course choose to hire more than one welfare worker 23 5 Chapter 14: Markets for Factor Inputs 10 A small specialty cookie company, whose only variable...
... producing good 12 a Do you agree or disagree with each of the following statements? Explain If it is possible to exchange pounds of cheese for bottles of wine, then the price of cheese is 2/ 3 the price ... wine 26 0 Chapter 16: General Equilibrium and Economic Efficiency This is a true statement If pounds of cheese can be exchanged for bottles of wine, then cheese must have a cost that is 2/ 3 that ... requires units of labor to produce good and units of labor to produce good 2, whereas Country B requires units and 12 units respectively Country A can produce both goods more cheaply so has an...
... since they alone capture all of the benefits of preserving the resource 28 3 Chapter 18: Externalities and Public Goods 12 Public television is funded in part by private donations, even though ... their true willingness to pay, then (2) ask consumers to contribute up to this amount, and (3) attempt to make everyone else feel guilty for free-riding 13 Explain why the median voter outcome ... goods are nonrival and nonexclusive Commodities can be (1) exclusive and rival, (2) exclusive and nonrival, (3) nonexclusive and rival, or (4) nonexclusive and nonrival Most of the commodities...
... 1996, we have 40/1 or 40 cents, and for 1999, we have 22 /1.1 or 20 cents The real price therefore fell from 40 to 20 cents, a 50% decline 4. 13 − 4.07 = 0.0147, or about 1.5% 4.07 ... fewer yen The price of long-distance telephone service fell from 40 cents per minute in 1996 to 22 cents per minute in 1999, a 45-percent (18 cents/40 cents) decrease The Consumer Price Index ... that the 20 cents per gallon difference in costs would be high enough to create a profitable opportunity for arbitrage, given both transactions costs and transportation costs In Example 1 .3, what...
... willing to give up fewer units of good in exchange for another unit of good 42 Formatted: Font: Times New Roman, 12 pt Formatted: Bullets and Numbering Chapter 4: Individual and Market Demand ... Suppose the consumer chooses the quantity of goods and such that P1 = MRS As the price of good P2 falls, the price ratio becomes a smaller number and hence the MRS becomes a smaller number This ... elasticity estimates the elasticity over a range of prices.¶ Formatted: Font: Times New Roman, 12 pt Formatted: Bullets and Numbering Formatted: Font: Times New Roman Explain whether the following...
... free 11 Jennifer is shopping and sees an attractive shirt more than she is willing to pay for $25 , and buys it sell it However, the price of $50 is A few weeks later she finds the same shirt...
... with returns to scale, all inputs are increased in the same proportion and no input is held fixed 12 Can a firm have a production function that exhibits increasing returns to scale, constant returns ... Chapter 6: Production will less than double, a situation that can arise from management diseconomies 13 Give an example of a production process in which the short run involves a day or a week and the...
... toward the cheaper input Thus, the expansion path bends toward the axis of the now cheaper input 12 Distinguish between economies of scale and economies of scope Why can one be present without the ... product-specific returns to scale and multiproduct economies of scope Formatted: Bullets and Numbering 13 Is the firm’s expansion path always a straight line? 89 Chapter 7: The Costs of Production No...
... before the foregone wages from running the business are subtracted from these profits If the 1 03 Chapter 8: Profit Maximization and Competitive Supply revenue minus other costs is just equal ... primary assumptions of perfect competition are (1) all firms in the industry are price takers, and (2) there is free entry and exit of firms from the market This chapter discusses how competitive ... downward pressure on price until price is equal to both marginal cost and minimum average cost 12 Suppose a competitive industry faces an increase in demand (i.e., the demand curve shifts upward)...
... small (large) Why does a tax create a deadweight loss? What determines the size of this loss? 120 Chapter 9: The Analysis of Competitive Markets A tax creates deadweight loss by artificially ... of supply decreases, i.e., as supply becomes more inelastic, the deadweight loss becomes larger 121 ...