Economics

a) In the medical care sector, the decisions of what services should be produced

a) In the medical care sector, the decisions of what services should be produced, how they should be produced, how they should be distributed, and how to allow for growth and inno…

a) Jamal\'s budget is $12. In order for Jamal to maximize his utility, how many

a) Jamal's budget is $12. In order for Jamal to maximize his utility, how many eclairs and cream puffsshould he buy? b) Suppose the price of an eclair increase to $6. Jamal's inco…

a) Jodie earns $25,000 at the end of year 1, when the CPI was 460. If the CPI at

a) Jodie earns $25,000 at the end of year 1, when the CPI was 460. If the CPI at the end of year 2 is 504, what would Jodie have to earn at the end of year 2 to maintain a constan…

a) Let\'s use the model of intertemporal consumption choice to consider the beha

a) Let's use the model of intertemporal consumption choice to consider the behaviour of a hypothetical individual. This person is not liquidity constrained and is endowed with an …

a) Mehnaz has already made arrangements for her birthday celebration: she is inv

a) Mehnaz has already made arrangements for her birthday celebration: she is inviting her 7 friends to a dinner party at a famous Montreal restaurant (Mehnaz will pay for everythi…

a) Odi currently works 40 hours per week at his job. Odi is considered to be (ch

a) Odi currently works 40 hours per week at his job. Odi is considered to be (check all that apply) a marginally attached worker unemployed a discouraged worker employed full time…

a) Research information about the U.S. Government\'s bailouts. Locate an article

a) Research information about the U.S. Government's bailouts. Locate an article about this topic. b) Write a one to two page paper. c) In your paper, answer the following question…

a) Shirley Sixpack is in the habit of drinking beer each evening while watching

a) Shirley Sixpack is in the habit of drinking beer each evening while watching “The Best of Bowlerama” on TV. She has a strong thumb and a big refrigerator, so she doesn't care a…

a) Should the household buy this insurance policy? Explain briefly. b) Should it

a) Should the household buy this insurance policy? Explain briefly. b) Should it buy the insurance policy if it costs $1,500? $3,000? Explain briefly. c) What is the most the hous…

a) Show AFC , ATC , AVC , and MC in a table. b) Graph the AFC , ATC , AVC, and M

a) Show AFC, ATC, AVC, and MC in a table. b) Graph the AFC , ATC , AVC, and MC curves. Instructions: On the graph above, Before plotting any points, be sure to round your calculat…

a) Show the tangency points of producing some output Q in two countries with ide

a) Show the tangency points of producing some output Q in two countries with identical technology and cost. Country A has higher wage rate compared to Country B. but country B has…

a) Starting with a supply side growth rate of 3%, assume that due to the severit

a) Starting with a supply side growth rate of 3%, assume that due to the severity of the recession, annual supply side growth rate decreases to 2% beginning in 2009q1. Potential G…

a) State, compare and contrast policy suggestions by the Keynesian School and th

a) State, compare and contrast policy suggestions by the Keynesian School and the Monetarist School to reduce problem of macroeconomic instability and unemployment in a market cap…

a) Suppose Fiat recently entered into an Agreement and Plan of Merger with Case

a) Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five f…

a) Suppose a freeze in Florida wipes out 20% of the apple crop. How will this af

a) Suppose a freeze in Florida wipes out 20% of the apple crop. How will this affect the equilibrium price and quantity of pear? Assume that the apple and pear are substitute to e…

a) Suppose in autarchy that Midland and Zeeland have the following price ratios

a) Suppose in autarchy that Midland and Zeeland have the following price ratios for Chicken (C) and Noodles (N). Midland: PC/PN=4/1 Zeeland: PC/PN=1/2. b) What is the range of rel…

a) Suppose that GDP is $200 billion below its potential level. It is expected th

a) Suppose that GDP is $200 billion below its potential level. It is expected that next-period GDP will be back at its potential level. You are told that the multiplier for govern…

a) Suppose that the market for 2% milk is competitive with a unit price of $5.00

a) Suppose that the market for 2% milk is competitive with a unit price of $5.00. and the table below characterizes an individual firm. Fill in the blanks. (12.5 points) Quantity …

a) Suppose the marginal utility of good A is 20 and its price is$4, and the marg

a) Suppose the marginal utility of good A is 20 and its price is$4, and the marginal utility of good B is 50 and its price is $5. Theindividual to whom this information applies is…

a) Tarrington contracts to sell her house and lot to Rainier. Then, on finding a

a) Tarrington contracts to sell her house and lot to Rainier. Then, on finding another buyer willing to pay a higher purchase price, she refuses to deed the property to Rainier. b…

a) The Bureau of Labor Statistics announced that in October 1996, of all adult A

a) The Bureau of Labor Statistics announced that in October 1996, of all adult Americans, 127,587,000 were employed, 7,221,000 were unemployed, and 66,645,000 were not in the labo…

a) The ahove tahle shows the future operating ed at the end of each of the respe

a) The ahove tahle shows the future operating ed at the end of each of the respective years. Reterat is the net present from an investment. The future operating profits are heInve…

a) The marginal cost of providing a certain quantity of a pure public good to an

a) The marginal cost of providing a certain quantity of a pure public good to an additional consumer after it is provided to any one consumer is:<?xml:namespace prefix = o ns =…

a) The net decline in a country\'s stock of international reserves over a year i

a) The net decline in a country's stock of international reserves over a year is called what ? b) Foreign currency assets held by a government for the purpose of purchasing the do…

a) True, False, Uncertain: The figure below of the growth in income per capita o

a) True, False, Uncertain: The figure below of the growth in income per capita over time as a function of initial real GDP per capita shows good evidence of an income-based “pover…

a) Use the data given to calculate annual returns for Stock A, Stock B, and the

a) Use the data given to calculate annual returns for Stock A, Stock B, and the Market Index, and then calculate average annual returns for the two stocks and the index. (Hint: Re…

a) Using Disney World in Orlando as an example, explain the multiplier. What are

a) Using Disney World in Orlando as an example, explain the multiplier. What are the three things that influence the multiplier and explain how they impact the number? b) If the M…

a) Using accounting costs, your friend says that he is earning an accounting pro

a) Using accounting costs, your friend says that he is earning an accounting profit of $12,000 per year and he works full time for his company as a manager. Your friend has a coll…

a) What is Quick Mart\'s dominant strategy? O A. To Collude O B. To Compete O C.

a) What is Quick Mart's dominant strategy? O A. To Collude O B. To Compete O C. Quick Mart does not have a dominant strategy. Quick Mart's Strategies Collude Compete $50 M $80 M $…

a) What is each project’s IRR? b) If each project’s cost of capital were 10%, wh

a) What is each project’s IRR? b) If each project’s cost of capital were 10%, which project, if either, should be selected? If the cost of capital were 17%, what would be the prop…

a) What is the Fixed Cost of production (recall that it does not vary with outpu

a) What is the Fixed Cost of production (recall that it does not vary with output) b) Calculate and graph (on the next page) Average Variable Cost, Average Fixed Cost, Average Tot…

a) What is the definition of nominal GDP? b) How is nominal GDP converted to rea

a) What is the definition of nominal GDP? b) How is nominal GDP converted to real GDP? (Hint – consider the formula you used in part (a)). c) Why is GDP a good measure of society'…

a) What is the present worth on September 6th, 2013 of $10,000 on September 6th,

a) What is the present worth on September 6th, 2013 of $10,000 on September 6th, 2020 given an interest rate of 7%? b) How much would you need to deposit at 6% on January 1, 2017 …

a) What was country A’s GDP in 2010? 1. $6359 2. $7136 3. $7253 4. $8147 b) What

a) What was country A’s GDP in 2010? 1. $6359 2. $7136 3. $7253 4. $8147 b) What was country A’s consumption in 2010? 1. $2018 2. $3010 3. $3311 4. $4015 C) What was country A’s i…

a) What was the official name of the U.S. military operation that defeated Sadda

a) What was the official name of the U.S. military operation that defeated Saddam Hussein's invasion of Kuwait? b)Explain the difference in message between Martin Luther King Jr. …

a) What would happen to the market demand for beer if the price of wine increase

a) What would happen to the market demand for beer if the price of wine increased by 20%? You might want to distinguish between different types of beer. (Your answer should show y…

a) What would you advise the firm to do? A. It should close in both the short an

a) What would you advise the firm to do? A. It should close in both the short and long run. B. The firm is producing where MC=MR, so it should stay in business in both the short a…

a) When price exceeds average variable cost for a firm, it is possible that: a.

a) When price exceeds average variable cost for a firm, it is possible that: a. it is earning an economic profit. b. it is breaking even. c. it is suffering an economic loss. d. a…

a) While market-based hedging instruments can be used to offset or counter uncer

a) While market-based hedging instruments can be used to offset or counter uncertainties in interest rates and exchange rates as they impact the income statement, balance sheet he…

a) Who gets the revenue in the case of a tax? (Click to select)SupplierConsumerG

a) Who gets the revenue in the case of a tax? (Click to select)SupplierConsumerGovernment Label the area that illustrates the tax. Instructions: On the graph above, click and drag…

a) Who gets the revenue in the case of a tax? (Click to select)SupplierConsumerG

a) Who gets the revenue in the case of a tax? (Click to select)SupplierConsumerGovernment Label the area that illustrates the tax. Instructions: On the graph above, click and drag…

a) Who gets the revenue in the case of a tax? (Click to select)SupplierConsumerG

a) Who gets the revenue in the case of a tax? (Click to select)SupplierConsumerGovernment Label the area that illustrates the tax. Instructions: On the graph above, click and drag…

a) Why do barriers to entry create market power ? 5mqarks b) Michelle\'s busines

a) Why do barriers to entry create market power ? 5mqarks b) Michelle's business produces ceramic cups using labor,clay and kiln. she produces cups using a fixed propotion of labo…

a) Why is GDP referred to as both the total output and the total income of the e

a) Why is GDP referred to as both the total output and the total income of the economy? b) Why do we distinguish between Nominal GDP and Real GDP? Which is more important in terms…

a) a consumer likes sugar in her coffe, but she simply cannot taste the differen

a) a consumer likes sugar in her coffe, but she simply cannot taste the difference between a cup of coffe with n grams of sugra in it and a cup of coffee with n+1 grams. Suppose a…

a) a consumer likes sugar in her coffe, but she simply cannot taste the differen

a) a consumer likes sugar in her coffe, but she simply cannot taste the difference between a cup of coffe with n grams of sugra in it and a cup of coffee with n+1 grams. Suppose a…

a) b) c) is the estimated marginal effect of x ony is the estimated valee of y w

a) b) c) is the estimated marginal effect of x ony is the estimated valee of y when x equals o is eqaal to the population intercept 5. The residual is a) the difference between th…

a) in this game firm 1 moves first b) in this game firm 2 moves first c) in this

a) in this game firm 1 moves first b) in this game firm 2 moves first c) in this game the two firms move simultaneously d) you cannot determine from the information given which, i…

a) shifts out shifts in c) shifts down d) no effect 21. What is the term for the

a) shifts out shifts in c) shifts down d) no effect 21. What is the term for the institution of mutual gift-giving in traditional societiés? a) elasticity 6) reciprocity c) mutual…

a) what lessons do you think politicians and government officials should take aw

a) what lessons do you think politicians and government officials should take away from the AE model? b) is all government expenditure good for the economy? What is an example of …