1.How much should a father invest at the time his daughter is born in order to provide her with $50,000 at age 21? Assume that the interest is 8% compounded semiannually

How much should the father invest?

2.Elasticity is a fundamental economic concept to understand intuitively. If I were to say that a single working mother is an example of labor inelasticity, would that be correct? In business and economics, elasticity is used in demand or supply.

3.The price elasticity of demand for medical devices is about -0.25 to -.30. Suppose you were an economist for the medical device industry. How could you use this information to help forecast medical device sales in the United States?

4.For the demand equation, P = 2,000 - 2Q, answer the following:

a.What is the vertical intercept?

b.What is the horizontal intercept?Must show calculations.

c. What is the slope?

5.calculate;Xa*9.6%+(1-Xa)*7.8%=8.88%

6.What explanation would you give to comparative advantage

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

TC = 5Q² +10Q + 50

8.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?

9.Find 2 current event articles focusing on the issue of pricing. You may choose to use online resources recommended by Prentice Halls Economics Principles in Action.

---one article must focus on a product whose price has increased.

---one article must focus on a product whose price has dropped.

For each article create cause and effect graph or flow chart showing the cause(s) of price change and effects of the changed price.

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