1.Draw graphs shifts and movement along the demand curve

2.How do I work out the total cost curve from the equation

TC = 5Q² +10Q + 50

3.Compare the pricing models for three different types of service businesses: 1) A legal firm 2) A restaurant 3) A college

4.The price of a typical laptop computer has fallen from $2,000 in 1985 to $800 today. At the same time the consumer price index has risen from 100 to 250.

Adjusting for inflation, how much did the price of laptops change?

5. you graduate from college and accept a job in 2018. You decide to compare your starting salary with your grandfather's and mother's starting salaries.

The salaries you compare are: You: $80,000 per year beginning in 2018

Your mother: $50,000 per year beginning in 1983

Your grandfather: $20,000 per year beginning in 1965

To compare these salaries, you decide to use the CPI using 1983 as the base year. b

Year

CPI

1965 30

1983 ?????

2015 238

2018 240

Would the CPI for 1983 be 100 or what is the calculation?

6.Does binge eating lead to economic hardship

7.What is the deadweight loss of a firm with the demand function p=100000-2q and a constant marginal cost of $2.

8.How does quantitative easing work? What is the difference between QE and open market operations? What are the limitations of QE?

9.Your company holds $2 million in cash and $5 million worth of ten-year government bonds at the interest rate of 1.5 percent. This portfolio has been carefully arranged based on the assumption that the Fed will not raise the interest rates this year. Now, while the financial market participants continue to act on the assumption of no rise in interest rates, you come to believe that the trends in the economy will soon change and the Fed will have to adopt a tighter monetary policy in next couple of months, raising the interest rates on one-year government bonds to 3 percent. Assume that the Fed's decision will not affect the future prospects of your company's input or output markets. If your company does not need to use any part of its cash and bond portfolio mentioned above, which one of the following strategies will yield a higher value for the portfolio if indeed the Fed raises the interest rates in the next couple of months?

a.

Keep the portfolio unchanged.

b.

Sell some of the bonds and hold more cash.

10.There are three kinds of boxes. The first kind costs $2 each, the second, $3 each, the third, $2 each; the first weighs 1 lb. each, the second, 3 lb. each, the third, 3 lb. each. The first has a volume of 1 cubic feet, the second, 4 cubic feet, the third, 5 cubic feet. If the total cost of the boxes is $18, the total weight of the boxes is 19 pounds, and the total volume of the boxes is 27 cubic feet, how many of each of the three kinds of boxes are there?