Economics question help?
Depends which glass it is - if first then marginal benefit is huge, if last then marginal benefit is close to zero or even negative.
I need help with this economics question?
The equilibrium should be when the two equations equal the same. Therefore, you can say 800-2QD=200+QS. Simplify it into 800-200=QS+2QD. 600=QS+2QD 200=Q Breakeven is 200. Plug 200 into one formula to get the price and into the other as a check figure. P=800-2(QD) P=800-2(200) P=400 400 cents = $4.00 P=200+QS P=200+200 P=400 The numbers agree.
Economics question -- please help!?
I'm having issues understanding some concepts from economics. It's about realizing the benefits from trade. Here's the scenario of the question: Pat and Kris are roommates. They spend most of their time studying, but they leave some time for their favorite activities: making pizza and brewing root beer. Pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. Kris takes 6 hours to brew a gallon of root beer and 4 hours to make a pizza. The question: The price of pizza can be expressed in terms of gallons of root beer. What is the highest price at which pizza can be traded that would make both roommates better off? What is the lowest price? Explain.
Help with an economics question?
This is a question about "real income", not just monetary values. Assume that the two CPIs have the same base-time and measure the same changes in elements of costs and income. Then real income in Texas is estimated to be $5000/(100/100). This equals $5000 since there has been no change from the base-time. In Maryland, real income is estimated to be $5100/(110/100); this is $5100/1.1 This equals $4636.36 because costs and prices have risen by 10 per cent since the base-time. Therefore, you would be better off financially taking the job in Texas, even though the dollar-value of your earnings would be higher in Maryland. The trick is to convert the CPI into a fractional change instead of an index. So 110 becomes 1.1. Is that helpful?
Economics Question. Help Please!?
When an economy is at potential output, it's going flat-out at the peak. This means that inflation is starting to creep up. As the economic advisor, you want to promote policies that will lower output Q and price P. The worst policy is that which tries to increase both P and Q. Check out investopedia.com and search for demand and supply shock. The graphs and description on how they shift due to different shocks will tell you the impact of each type of shock, and what it does to price and quantity.
Microeconomics question (please help me)?
Depends what her objective is, but I "would" sell at $5.00 each to recover my expenses EXCEPT that then customers would wait until the end of day to get that day's bread at half-price. The ANSWER is to sell the bread as "day old" the next day at a reasonable discount. Said discount is that price at which (at least 9 loaves sell, but if all 10 sell there is no more demand), and all of the fresh bread sells out [or follows the preceding pattern]. {7. 7.50. 8 ....}
I need help on this economics question! Please look and see if you know it!?
The Federal Reserve is called "independent" because: A. Congress and the President cannot override the Fed's decisions. B.The President of the United States designates who will be chairman of the Board of Governors. C. Monetary and fiscal policy are separate policy tools. D. There are 12 different Federal Reserve banks.
Please help with this economics question..?
george loves to eat desserts. he spends entire allowance on puddings and pie. a bowl of pudding costs 1.50 and a piece of pecan pie cost 3 dollars. George's mrs of pudding for pie is 1.5 (he is willing to trade 1.5 bowls of pudding for one piece of pie) 1. Does george's current market basket maximize his utility? 2. How should george's market basket change, if at all?
How can I help others with my profession (Economics)?
Become a development economist. You can do research or work for a development agency (UN, WB, NGOs, think tanks).Research on wealth inequality across developing countries is highly needed and increasingly demanded see Oxfam's work on inequality.There are some other alternative approaches to development you could check out; like doughnut economics - it brings issues like economic growth, social development and climate together for poverty reduction :