Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 11 pdf

... = 6.3 and MR 2 = -3 .7). Profit is (11. 5)(10.6) - (5 + (3) (11. 5)) = $83.2. Deadweight loss in the first market is DWL 1 = (0.5)(10. 6-3 )(1 2-4 .3) = $29.26. 169 Chapter 11: Pricing with Market ... 650 - 5Q A and MR B = 400 - 3.34Q B B B . To determine the profit-maximizing quantities, set marginal revenue equal to marginal cost in each market: 650 -...

Ngày tải lên: 20/01/2014, 20:20

... σ 2 = (0.5)(0 - 1.025) 2 + (0.25)(1 - 1.025) 2 + (0.2)(2 - 1.025) 2 + (0.05)(7.5 - 1.025) 2 , or σ 2 = $2.812. b. Richard’s nickname is “No-risk Rick.” He is an extremely risk-averse individual. ... probabilities: σ 2 = (0.2)(125 - 80) 2 + (0.3)(100 - 80) 2 + (0.5)(50 - 80) 2 = $975. c. What would a risk-neutral person pay to play the lottery? A risk...

Ngày tải lên: 23/12/2013, 14:15

... must incorporate all historical data into prices. Under the semi-strong form of the hypothesis, the market incorporates all publicly-available information in addition to the historical data. In ... conclusion. On the other hand, during this particular period, large-capitalization growth stocks were the top performers. Value-weighted indexes such as the S&P 500 are naturally concentra...

Ngày tải lên: 20/01/2014, 20:20

... CPI 1980 63.1 Real price of milk 1980 $2.98 1985 82.3 1985 $2.58 1990 100 1990 $1.99 1995 116 .6 1995 $1.38 2000 131.8 2000 $1.91 2001 135.6 2001 $2.43 d. What is the percentage change ... the current minimum wage, go to http://www.bls.gov/cpi/home.htm Click on: Consumer Price Index- All Urban Consumers (Current Series) Select: U.S. All items 5

Ngày tải lên: 23/12/2013, 14:15

... product. Given I=50, the demand curve becomes Q=30 0-2 P+4*50, or Q=50 0-2 P. Setting demand equal to supply we can solve for P and then Q: 50 0-2 P=3P-50 P =110 Q=280. c. Draw a graph to illustrate your ... slope of the demand curve is -8 5.7=-b. To find the coefficient a, use either of the data points from the table above so that a=830+85.7*4 .11= 1172.3 or a=850+85.7*3.76...

Ngày tải lên: 23/12/2013, 14:15

... decreases. When she buys the 8-ounce soft drink she pays $1.50 8 oz = $0.19 per oz. When she buys the 12-ounce size she pays $0.17 per ounce, and when she buys the 1 6- ounce size, she pays $0.14 ... 600 clothing and 600 food would cost ($3)(600)+($2)(600)=$3000. Therefore, the Laspeyres cost-of-living index is: L = 100($3000/$1200) = 250. Ideal Index 35 Chapter 3: Consumer Beha...

Ngày tải lên: 23/12/2013, 14:15

... P 2 Q 2 - P 1 Q 1 Δ TR cc = (1.1P 1 )(0.8Q 1 ) - P 1 Q 1 = -0 .12P 1 Q 1 , or a 12 percent decline. For disk drives: Δ TR dd = P 2 Q 2 - P 1 Q 1 Δ TR dd = (1.1P 1 )(0.9Q 1 ) - P 1 Q 1 ... the increase in the price of the toll from $5 to $7. The lost consumer surplus is ( 7-5 )*16+0.5( 7-5 )(2 0-1 6)=$36. 14. Vera has decided to upgrade the operatin...

Ngày tải lên: 23/12/2013, 14:15

... case? a. A firm can hire only full-time employees to produce its output, or it can hire some combination of full-time and part-time employees. For each full-time worker let go, the firm must ... of Variable Input 0 0 ___ ___ 1 225 225 225 2 600 375 300 3 900 300 300 4 114 0 240 285 5 1365 225 273 6 1350 -1 5 225 4. A political campaign manager has to decide whether to emphasiz...

Ngày tải lên: 23/12/2013, 14:15

... the reverse. For example, let a = 0, b = 1, c = -1 , d = 1. Total cost is Q - Q 2 + Q 3 ; average cost is 1 - Q + Q 2 ; and marginal cost is 1 - 2Q + 3Q 2 . Minimum average cost is Q = 1/2 and ... implying b > c 2 4d . Because c 2 >0 and d > 0, b must be positive. In summary, for U-shaped long-run average cost curves, a must be zero, b and d must be positive,...

Ngày tải lên: 23/12/2013, 14:15

... 0 60 0 100 -1 00 150 -1 50 200 -2 00 1 60 60 150 -9 0 50 200 -1 40 250 -1 90 2 60 120 178 -5 8 28 228 -1 08 278 -1 58 3 60 180 198 -1 8 20 248 -6 8 298 -1 18 4 60 240 212 28 14 262 -2 2 312 -7 2 5 60 300 ... -1 00 0 -1 00 1 60 60 150 -9 0 50 60 50 50 -1 00 2 60 120 178 -5 8 28 60 100 50 -7 8 3 60 180 198 -1 8 20 60 150 50 -4 8...

Ngày tải lên: 23/12/2013, 14:15