... xu/pao. Điều này tác độngđến lợi ích của mọi thành vi n ra sao? So sánh với trường hợp hạn ngạch, theobạn chính phủ nên áp dụng biện pháp gì? Bài giải Qs = 11,4 tỷ paoQd = 17,8 tỷ paoP = 22 ... 1,541. Phương trình đường cung, đường cầu? Pcb?Ta có: phương trình đường cung, đường cầu có dạng như sau:QS = aP + bQD = cP + dTa lại có công thức tính độ co dãn cung, cầu:ES = (P/QS).(∆Q/∆P) ... Bài 1: Trong những năm 2005, sản xuất đường ở Mỹ: 11,4 tỷ pao; tiêu dùng 17,8 tỷpao; giá cả ở Mỹ 22 xu/pao; giá cả thế giới 8,5 xu/pao…Ở những giá cả và số lượngấy có hệ số co dãn...
... Lan cólợi thế tuyệt đối về vải Vi t Nam cólợi thế tương đối về gạo, Thái Lan có lợi thế tương đối về vảic. Thái Lan cólợi thế tuyệt đối về cả vải và gạo Vi t nam cólợi thế tương đối về ... biệt kinhtế học vimô và kinhtế học vĩ mô, kinh tế học thực chứng và kinhtế học chuẩn tắc? Cho các ví dụ minh hoạ.2. TTại sao người ta nói : sự khác nhau giữa các nền kinhtế ngày nay chỉ ... hơn.Hướng dẫn bài tập 1. a. Thái Lan cólợi thế tuyệt đối về cả vải và gạo- Không nước nào cólợi thế tương đối- Không có thương mại quốc tế giữa hai nướcb. Vi t Nam cólợi thế tuyệt đối về gạo,...
... 100 and determine the real price of butter in 1990 dollars. To convert the CPI into 1990=100, divide the CPI for each year by the CPI for 1990. Use the formula from part (a) and the new CPI numbers ... that results in a great opportunity for arbitrage, such as the market for blue jeans in the old Soviet Union. ...
... drastically affect demand because people must have this good. Many people, on the other hand, may view instant coffee, as a convenient, though imperfect, substitute for roasted coffee. For example, ... 5PG, and Supply: QS = 14 + 2PG + (0.25)(16) = 18 + 2PG. Equating supply and demand and solving for the equilibrium price, 18 + 2PG = 60 - 5PG, or PG = $6. The price of natural gas ... equilibrium price and quantity. We know that = $8 and Q = 20 trillion cubic feet (Tcf). Solving for e, PO*G*PO*G*13 Chapter 2: The Basics of Supply and Demand 5 CHAPTER 2...
... Chapter 3: Consumer Behavior 3. If Jane is currently willing to trade 4 movie tickets for 1 basketball ticket then she must like basketball better than movies. True or false? Explain. ... always willing to trade 4 movie tickets for 1 basketball ticket then yes she likes basketball better because she will always gain the same satisfaction from 4 movie tickets as she does from ... substitution) and is at a bundle where she has a lot of movie tickets relative to basketball tickets. This would make her willing to give up more movie tickets to get another basketball ticket. It would...
... will fall when price is increased. Chapter 4: Individual and Market Demand 41 CHAPTER 4 INDIVIDUAL AND MARKET DEMAND EXERCISES 1. An individual sets aside a certain amount of his income ... quantities and prices of the products to determine total sales revenue. 10. By observing an individual’s behavior in the situations outlined below, determine the relevant income elasticities ... you charged a price of $30 and sold 1800 units. Formatted: Bullets and NumberingChapter 4: Individual and Market Demand 42 Price Clothing Price Food Quantity Clothing Quantity Food...
... out with the same accumulation of savings at some future date. Chapter 5: Uncertainty and Consumer Behavior 77 If drivers are risk neutral, their behavior is only influenced by the expected ... insurance would be based on each driver’s probability of receiving a parking ticket and on the opportunity cost of providing service. (Note: full insurance leads to moral hazard problems, to ... increases, but the standard deviation of the stock market remains the same. 79 Chapter 5: Uncertainty and Consumer Behavior 64 CHAPTER 5 UNCERTAINTY AND CONSUMER BEHAVIOR EXERCISES 1. Consider...
... increasing, constant, or decreasing returns to scale? What happens to the marginal product of each individual factor as that factor is increased, and the other factor is held constant? a. q = 3L + ... and q2 = 37.372L0.4. To determine the production function with the highest marginal productivity of labor, consider the following table: L q Firm 1 MPL Firm 1 q Firm 2 MPL Firm ... 9.53 58.00 8.69 4 60.00 8.04 65.07 7.07 For each unit of labor above 1, the marginal productivity of labor is greater for the first firm, DISK, Inc. 10. In Example 6.3, wheat is produced...
... $50,000 per year to start his own computer software business in a building that he owns and was previously renting out for $24,000 per year. In his first year of business he has the following expenses: ... marginal cost has a U shape and that its minimum is positive, using the same procedure, i.e., solving for Q at minimum marginal cost − , and substituting into the expression for marginal cost ... customer (the middle two flights) or the rush-hour customer (the first and last flights). What advice would you offer? The average cost per passenger is $50,000/240 for the full flights and $50,000/120...
... PS=0.5*(115-15)*25=1250. 12. A number of stores offer film developing as a service to their customers. Suppose that each store that offers this service has a cost function C(q) = 50 + 0.5q + 0.08q2 and a marginal ... maximize profit because this is the point closest to where price equals marginal cost without having marginal cost exceed price. At a price of $50, the firm should produce nine units to maximize ... units of output because this is the point closest to where price equals marginal cost without having marginal cost exceed price. Fixed costs do not influence the optimal quantity, because they...
... the tariff. To analyze the influence of a tariff on the domestic hula bean market, start by solving for domestic equilibrium price and quantity. First, equate supply and demand to determine ... equilibrium wage rate be? Let w denote the wage received by the employee. Then the employer receiving the $1 subsidy per worker hour only pays w-1 for each worker hour. As shown in Figure 9.1.b, ... per pound. However, jelly bean producers feel that their incomes are too low, and they have convinced the government that price supports are in order. The government will therefore buy up as...
... in solving the regulator’s problem is to determine the market demand for electricity in Lake Wobegon. The quantity demanded in the market is the sum of the quantity demanded by each individual ... and should consider the entire demand curve when choosing prices for its products. As their advisor, you should focus on the determination of the elasticity of demand for each product. There ... is increasing thereafter (this is not shown in the graph below). The profit that is lost by having the firm produce at the 142 Chapter 10: Market Power: Monopoly and Monopsony Total revenue...
... its basic service, two products: a Sports Channel (Product 1) and a Movie Channel (Product 2). Subscribers to the basic service can subscribe to these additional services individually at the ... + P2. (They can also forego the additional services and simply buy the basic service.) The company’s marginal cost for these additional services is zero. Through market research, the cable ... company has estimated the reservation prices for these two services for a representative group of consumers in the company’s service area. These reservation prices are plotted (as x’s) in Figure...
... profits. 208 Chapter 12: Monopolistic Competition and Oligopoly supply curve is five times the individual fringe supply curve, which is just the marginal cost curve: Qf=52P − 50. The new ... Q12−Q1Q2−60Q1=240Q1−Q12−Q1Q2. Therefore, ∂1π∂1Q= 240 − 21Q −2Q. Setting this equal to zero and solving for Q1 in terms of Q2: Q1 = 120 - 0.5Q2. This is Firm 1’s reaction function. Because ... function is Q2 = 120 - 0.5Q1 . Substituting for Q2 in the reaction function for Firm 1, and solving for Q1, we find Q1 = 120 - (0.5)(120 - 0.5Q1), or Q1 = 80. By symmetry, Q2 = 80....
... made by trading on publicly-available information. Although illegal, the lead engineer of the device can profit from purchasing the firm’s stock before the news release on the implementation...