Economics

a. Explain the concept of the multiplier, and explain the role of the marginal p

a.   Explain the concept of the multiplier, and explain the role of the marginal propensity to consume in determining the size of the multiplier. Explain how the size of the multi…

a. Explain the difference between production and reproduction and the way ?in wh

a.   Explain the difference between production and reproduction and the way ?in which the two are related. ? b.  Explain what the surplus and necessary products are in a capitalis…

a. Explain utility, total utility and marginal utility and the differences betwe

a. Explain utility, total utility and marginal utility and the differences between them. Include examples.           1. Explain with examples the law of demand and the demand curv…

a. Figure 12.la shows demand, marginal revenue, and marginal cost curves for an

a. Figure 12.la shows demand, marginal revenue, and marginal cost curves for an industry composed of 100 identical small firms. Assume that the industry is organized as a cartel. …

a. Fill in the formula for AFC, AVC, ATC, MC, TR, MR, and Total Profit at the to

a. Fill in the formula for AFC, AVC, ATC, MC, TR, MR, and Total Profit at the top of the column in the gray section within the table. b. Fill in the missing values for TFC, TVC, A…

a. For each good, identify which country has an absolute advantage. b. For each

a. For each good, identify which country has an absolute advantage. b. For each country, calculate the opportunity cost of producing one more unit of cars. c. For each good, ident…

a. Generally speaking, the dollar price of euros is determined in a currency exc

a. Generally speaking, the dollar price of euros is determined in a currency exchange market that equates the supply of euros with the demand for euros. by the World Trade Organiz…

a. Given these values, what is the equilibrium GDP? $ billion. What is the margi

a. Given these values, what is the equilibrium GDP?  $ billion.      What is the marginal propensity to consume?     Instructions: Round your answer to 1 decimal place.     MPC = …

a. Gizmos, Inc. produces gizmos at an average total cost (ATC) of $15 and an ave

a. Gizmos, Inc. produces gizmos at an average total cost (ATC) of $15 and an average variable cost (AVC) of $10. THe only fixed input used in th eproduction of gizmos costs $200. …

a. Goods can be grouped into four categories (i.e. public goods, private goods,

a. Goods can be grouped into four categories (i.e. public goods, private goods, common resources and club goods) according to two characteristics: whether is it excludable or riva…

a. Government spendinge b. Investment spending c. Spending on importse d. Consum

a. Government spendinge b. Investment spending c. Spending on importse d. Consumption spending e. Spending on exportsed ed A business has invested $10 million in research that can…

a. How do the changes in monetary and fiscal policy instruments affect you perso

a. How do the changes in monetary and fiscal policy instruments affect you personally or work wise? Policymakers who want to stabilize the economy must decide how much to change t…

a. If price is $3 per unit of output, the manager should produce _____________ u

a. If price is $3 per unit of output, the manager should produce _____________ units. b. Since average total cost is $________ for this output, total cost is $___________. c. The …

a. If the capacity of each Örm is 16 units, what are the equilibrium prices? b.

a. If the capacity of each Örm is 16 units, what are the equilibrium prices? b. If the capacity of each Örm is 4 units, what are the equilibrium prices? c. Show there is no equili…

a. If the inflation rate in Australia is higher than the inflation rate in the U

a. If the inflation rate in Australia is higher than the inflation rate in the United States. Using the purchasing power parity theory determine the expected impact on the domesti…

a. In diagram 2., the government does not regulate this monopolist. Which price

a. In diagram 2., the government does not regulate this monopolist. Which price will it charge, and how much will it produce? What does the red triangle represent? Why? b. In diag…

a. In the short run, when the price level increases, the quantity of real GDP su

a. In the short run, when the price level increases, the quantity of real GDP supplied will  (Click to select)  remain the same  decrease  increase  and the aggregate supply curve…

a. In the special case of 100-percent-reserve banking, the reserve ratio is 1, t

a. In the special case of 100-percent-reserve banking, the reserve ratio is 1, the money multiplier is 2, and banks create money. b. In the special case of 100-percent-reserve ban…

a. Many citizens who believe that the rich should pay more in taxes argue that t

a. Many citizens who believe that the rich should pay more in taxes argue that the taxes levied on corporations should increase. Is it likely that increased taxes on corporations …

a. Marginal abatement costs rise with the level of pollution reduction. b. Margi

a. Marginal abatement costs rise with the level of pollution reduction. b. Marginal abatement costs decline with the level of pollution reduction. c. Marginal abatement costs do n…

a. Nonrival b. Nonexcludability, i.e., t is difficult or impossible to ex consum

a. Nonrival b. Nonexcludability, i.e., t is difficult or impossible to ex consumption, i.e., many people can enjoy the good at the same time. pay c. Inelastic demand. d. All of th…

a. On Isoquant level 1 (in red), the total cost (TC) is: ________________. (3 pt

a. On Isoquant level 1 (in red), the total cost (TC) is: ________________. (3 pts) The amount of L used in production is: _______________. (3 pts) b. On Isoquant level 3 (in red),…

a. On the basis of the three individual demand schedules below, and assuming the

a. On the basis of the three individual demand schedules below, and assuming these three people are the only ones in the society, determine the collective demand schedule on the a…

a. On the basis of the three individual demand schedules below, and assuming the

a. On the basis of the three individual demand schedules below, and assuming these three people are the only ones in the society, determine the collective demand schedule on the a…

a. Run a regression to determine the inverse demand function (P = f(Q)) and the

a. Run a regression to determine the inverse demand function (P = f(Q)) and the direct demand function (Q = f(P)). How much confidence do you have in this estimated equation? b. W…

a. Second Mover As MC becomes more aggressive by setting a lower price, do you b

a. Second Mover As MC becomes more aggressive by setting a lower price, do you become more or less aggressive, i.e. do you lower or raise your price? How does that compare to your…

a. Show (with a time line, for example) that the perpetuity in 4.3a. is exactly

a.    Show (with a time line, for example) that the perpetuity in 4.3a. is exactly the same as the sum of the annuities and perpetuities in 4.3b. to 4.3d. 4.3 a. present value of …

a. Sketch an industry supply-and-demand graph for a hypothetical farm product (e

a. Sketch an industry supply-and-demand graph for a hypothetical farm product (e.g. rice or wheat) that faces relatively price-inelastic demand because it has few substitutes. Cle…

a. Suppose that I receive a payment of $20,000 in three years. If interest rates

a. Suppose that I receive a payment of $20,000 in three years. If interest rates are 2%, then what is the present value today of the future payment? b. A simple discount bond pays…

a. Suppose that I receive a payment of $20,000 in three years. If interest rates

a. Suppose that I receive a payment of $20,000 in three years. If interest rates are 2%, then what is the present value today of the future payment? b. A simple discount bond pays…

a. Suppose that each of the economy’ s 600 young agents has deposits worth 100 g

a. Suppose that each of the economy’ s 600 young agents has deposits worth 100 goods with a bank no matter what the rate of return. Assume that the reserve requirement is 10 perce…

a. Suppose that in a closed economy GDP is equal to 11,000, taxes are equal to 2

a. Suppose that in a closed economy GDP is equal to 11,000, taxes are equal to 2,500 consumption equals 7,500 and government purchases equal 2,000. What are private saving, public…

a. Suppose the Federal Reserve raises the federal funds rate in the United State

a. Suppose the Federal Reserve raises the federal funds rate in the United States but people believe that the inflation rate will rise by more than the Fed raised the federal fund…

a. Suppose the government spends more on building new infrastructure. Assume tha

a. Suppose the government spends more on building new infrastructure. Assume that the new infrastructure projects are useful and make the economy more efficient. What is the effec…

a. Suppose the market price is P = $300. Verify that the firm will enter the mar

a. Suppose the market price is P = $300. Verify that the firm will enter the market and produce approximately 72 units. b. Suppose that, after entering the market, the market pric…

a. Suppose there is an increase in foreign output. Show the effect on the domest

a. Suppose there is an increase in foreign output. Show the effect on the domestic economy. What is the effect on domestic output? On domestic net exports? b. If the interest rate…

a. Suppose you want to remove ten fish of an exotic species that have illegally

a. Suppose you want to remove ten fish of an exotic species that have illegally been introduced to a lake. You have three possible removal methods. Assume that q1, q2 and q3 are, …

a. The average-fixed-cost curve must eventually ri b. c. The marginal-cost curve

a. The average-fixed-cost curve must eventually ri b. c. The marginal-cost curve eventually rises as output rises, curve when margin The average-total-cost curve intersects the ma…

a. The bureau of labor statistics (BLS) announced in April 2015, of all adult Am

a. The bureau of labor statistics (BLS) announced in April 2015, of all adult Americans, 139, 455, 000 were employed, 15,260,000 were unemployed, and 82,614,000 were not in the la…

a. The consumption function is C = 1.5 + 0.75( Y – T ). What is the marginal pro

a. The consumption function is C = 1.5 + 0.75(Y – T). What is the marginal propensity to consume, MPC? What is the marginal propensity to save, MPS? b. The trade balance is TB = 5…

a. The discount rate is the: interest rate at which banks can borrow reserves fr

a. The discount rate is the: interest rate at which banks can borrow reserves from the Federal Reserve. interest rate at which banks can borrow reserves from other banks. lowest i…

a. The equilibrium price of a tucn ujul ul Bach truck, what can Weu decrease by

a. The equilibrium price of a tucn ujul ul Bach truck, what can Weu decrease by exactly sshPrice c. The equilibrium price of a true will decrease by less than 5500 d. The equilibr…

a. The exporters of this country receive which price after subsidy? Explain b. W

a. The exporters of this country receive which price after subsidy? Explain b. What is the amount of export after subsidy? c. What is the effect on consumers in the home country? …

a. The exporters of this country receive which price after subsidy? Explain b. W

a. The exporters of this country receive which price after subsidy? Explain b. What is the amount of export after subsidy? c. What is the effect on consumers in the home country? …

a. The file named Four Markets shows all your favorite macroeconomic markets in

a. The file named Four Markets shows all your favorite macroeconomic markets in one place: The labor market, loanable funds market, money market, and the goods market. All four ma…

a. The firm\'s capacity increases excessively, which causes an increase in costs

a. The firm's capacity increases excessively, which causes an increase in costs. b. Economies of scale arise when the firm expands its output due to specialization. c. The firm ma…

a. The following table summarizes the price indices in May 2015 and in May 2016.

a. The following table summarizes the price indices in May 2015 and in May 2016. The household expenditure weights of different sub-indices of the CPI are as follows Price indices…

a. The law of demand states there is a(n) ________________________relationship b

a. The law of demand states there is a(n) ________________________relationship between the ________________ of X and the _________________________ of X, ceteris paribus Indicate w…

a. The left-hand diagram says that if GDP were equal to 0E, consumption spending

a.      The left-hand diagram says that if GDP were equal to 0E, consumption spending would be ____ (hint: what line?).  With GDP at 0E, saving would equal to ____ (hint: what lin…

a. The marginal product of what the anicte prouc n The marginal revenue associat

a. The marginal product of what the anicte prouc n The marginal revenue associated with the output the athlete produces th "a" and "b The marginal revenue product of the athlete e…