Microeconomics analysis 1 Convex-concave costs Consider the 1-input, 1-output technology defined by the cost function f (z) = {(z+1)2— 1, z<1 8-V.Z — 5, z> 1 1. Fix the price of the input good at w = 1. 1. Find the total cost function. Plot it for quantities up to 10. 2. Find the average […]
Some organizations set up a long and complex selection process. In some people’s opinion, not only is this kind of selection process more valid, it also has symbolic value. What can the use of a long, complex selection process symbolize to job seekers? How do you think this would affect the organization’s ability to attract […]
In Money We Trust? Documentary and Money Book Analysis Prior to beginning work on this assignment, Watch the 1-hour documentary, In Money We Trust? Read Chapters 1 through 6 of Money: How the Destruction of the Dollar Threatens the Global Economy—And What We Can Do About It. Steve Forbes is an expert on the global […]
International trade 3.1 Suppose the lumber market described in 2.1 was closed to the rest of the world. Now it opens to trade and the world price of lumber is 20. Compute the equilibrium price, quantity supplied by domestic producers, and quantity demanded by domestic consumers. 3.2 Use a demand and supply graph to show […]
The lumber market in Australia Suppose the demand and the supply for lumber used for construction in Australia are given by QD =100 – 2P QS = 1 2P Assume also that the market is perfectly competitive. 2.1. Compute the equilibrium price P* and quantity Q *. 2.2. Plot on a graph: the demand curve, […]
Gains from trade Suppose Amy and Penny are housemates and there are two chores that need to be completed: cooking meals and laundry. Assume the hours needed to cook a meal or finish a basket of laundry are different for Amy and Penny and are described in the table below. 1 MEAL 1 BASKET AMY […]
City Council Scenario: Your local community is experiencing high prices for water usage. Identify one supply or demand shifting factor that the community could have some control over or do something about. Which curve would this shift and in which direction? Explain how this can achieve the goal of decreasing the price of the water.
Calculate the calculate the Modern Portfolio Theory for 4 stocks over the last 20 years.
Financial economics Value of the house 500,000. You are using a 30-year mortgage. Also, you are putting down 20%. You have two options: a. Mortgage rate of 4.5% with no points. b. Mortgage rate of 4.35% and 1.5 points. Which option should you choose?
ECON 456 San Diego State University Abman Spring 2023 Econ 456 – Problem Set 2 Instructions Answer the following practice questions. For full credit, you must show your work when asked. Partial credit may be given for incorrect answers with sensible work. You must upload your files to Canvas. Late assignments will receive no credit. […]
