Economics

10. Suppose that the following table shows the average retail price of butter (t

10. Suppose that the following table shows the average retail price of butter (the price of salted, grade AA butter per pound) and the Consumer Price Index (CPI) from 1980 to 2010…

10. Suppose the demand and supply curves for eggs in the United States are given

10. Suppose the demand and supply curves for eggs in the United States are given by the following equations: Q100 20P Qs10 40P where Qa millions of dozens of eggs Americans would …

10. Suppose the nominal interest rate for 1-year borrowing and lending in the U.

10. Suppose the nominal interest rate for 1-year borrowing and lending in the U.S. (is) is currently 5%, while the nominal interest rate on 1-year borrowing and lending in the U.K…

10. Suppose you are hired as a new manager of a firm producing 20 units of outpu

10. Suppose you are hired as a new manager of a firm producing 20 units of output with 10 units of labor and 5 units of capital. Assume the price of labor is $100 and the price of…

10. Suppose you own two professional sports franchises, a baseball team and a fo

10. Suppose you own two professional sports franchises, a baseball team and a football team. The market structure for professional sports franchises and the labor market for athle…

10. Suppose you see the unemployment rate rising and the labor force participati

10.   Suppose you see the unemployment rate rising and the labor force participation rate falling. Which of the following could, on its own, explain this data? A.  retired workers…

10. The Fisher effect and the cost of unexpected inflation Suppose the nominal i

10. The Fisher effect and the cost of unexpected inflation Suppose the nominal interest rate on car loans is 11% per year, and both actual and expected inflation are equal to 4% C…

10. The Home market shown in the figure has imposed a _____ tariff. A) $3 B) $16

10. The Home market shown in the figure has imposed a _____ tariff. A) $3 B) $16 C) $6 D) $22 11. What is the deadweight loss because of the tariff? A) $24 B) $12 C) $48 D) $44 17…

10. The US economy is called a \"mixed economy\" because (a) the output of the e

10. The US economy is called a "mixed economy" because (a) the output of the economy is evenly "mixed between public goods and private goods (b) a large percentage of US companies…

10. The accompanying diagram ilustrates a taxi driver\'s Individual supply curve

10. The accompanying diagram ilustrates a taxi driver's Individual supply curve (assume that each taxi ride is the same distance). Price of taxi ride s8 Quantity of taxi rides a. …

10. The accompanying table shows data from the World Bank, World Development Ind

10. The accompanying table shows data from the World Bank, World Development Indicators for real GDP per capita (2010 U.S. dollars) for Argentina, Ghana, South Korea, and the Unit…

10. The balanced budget multiplier Aa Aa Suppose the marginal propensity to cons

10. The balanced budget multiplier Aa Aa Suppose the marginal propensity to consume (MPC) in a hypothetical economy is 0.70 while the marginal propensity to import (MPI) is 0.20. …

10. The figure below depicts the effect of an increase in the unemployment benef

10. The figure below depicts the effect of an increase in the unemployment benefit on the workers' best response curve, when the unemployment rate is 12%. Indicate True or False: …

10. The first sushi restaurant opens in town. Initially, people are very cautiou

10. The first sushi restaurant opens in town. Initially, people are very cautious about eating tiny portions of raw fish, as this is a town where large portions of grilled meat ha…

10. The following are equations for the open economy ofNaboo in billions of repu

10. The following are equations for the open economy ofNaboo in billions of republican credits Consumption: C = 120 + 0.75(Y-T) Taxrevenue: T = 40 + 0.2Y Investments: I = 230 Gove…

10. The following competing firms are currently profitable and have the followin

10. The following competing firms are currently profitable and have the following data. If a Perfect Competition is ultimately reached, which of the firms will survive in the long…

10. The following matrix shows the strategies of At & T and Verizon for charges

10. The following matrix shows the strategies of At & T and Verizon for charges for long distance calls. The payoff matrix shows the profits each makes in millions of dollars.…

10. The inverse demand function for apples is defined by the equation, p=129-12q

10. The inverse demand function for apples is defined by the equation, p=129-12q, where q is the number of crates that are sold. The inverse supply function is defined by p 3+6q. …

10. The legal tender requirement means that are more likely to the dollar as a m

10. The legal tender requirement means that are more likely to the dollar as a medium of must hold not make trades with else Il of the above are correct 11. The agency responsible…

10. The long-run supply curve in different cost industries Aa Aa Consider the ma

10. The long-run supply curve in different cost industries Aa Aa Consider the market for mueslil bars, which is a perfectly competitive market. Imagine that tastes shift away from…

10. The market for apple pies in the city of Ectenia is competitive and has the

10. The market for apple pies in the city of Ectenia is competitive and has the following demand schedule: Price Quantity demanded 1 1200 2 1100 3 1000 4 900 5 800 6 700 7 600 8 5…

10. The market for lemons Consider a market in which there are many potential bu

10. The market for lemons Consider a market in which there are many potential buyers and sellers of used cars. Each potential seller has one car, which is either of high quality (…

10. The table below shows the payoff matrix between Pepsi and Coca Cola in adver

10. The table below shows the payoff matrix between Pepsi and Coca Cola in advertising game between the two firms. Find the solution to this game and explain whether or not the so…

10. The term \"delegation\" refers to the transfer of: rights. duties. duties th

10.The term "delegation" refers to the transfer of: rights. duties. duties that a promisor did not want to perform. duties involving the promisor's personal skills. 11. Who among …

10. Think about the demand for the three game consoles: Xbox One, PlayStation 4,

10. Think about the demand for the three game consoles: Xbox One, PlayStation 4, and Nintendo Switch. Explain the effect of each of the following events on the demand for Xbox One…

10. This question is hard/interesting. Consider a typical monopoly firm, which h

10. This question is hard/interesting. Consider a typical monopoly firm, which has the typical shaped curves (downward sloping demand, MR below D, U-shaped ATC curve, increasing M…

10. To advertise or not to advertise Suppose that Creamland and Dairy King are t

10. To advertise or not to advertise Suppose that Creamland and Dairy King are the only two firms that sell ice cream. The following payoff matrix shows the profit (in millions of…

10. Tomoko receives a lump sum child support payment of $200 per week. She has 8

10. Tomoko receives a lump sum child support payment of $200 per week. She has 80 hours a week to divide between labor and leisure. She earns $5 an hour. The first $100 per week o…

10. Trade and labor mobility Suppose that the U.S. dollars-Mexican pesos exchang

10. Trade and labor mobility Suppose that the U.S. dollars-Mexican pesos exchange rate is fixed by the U.S. and Mexican governments. Assume also that labor is mobile between the U…

10. Trade and labor mobility Suppose that the U.S. dollars-Mexican pesos exchang

10. Trade and labor mobility Suppose that the U.S. dollars-Mexican pesos exchange rate is fixed by the U.S. and Mexican governments. Assume also that labor is mobile between the U…

10. Two firms, Atlantis and Bacchus, compete primarily by price. Each firm choos

10. Two firms, Atlantis and Bacchus, compete primarily by price. Each firm chooses either a high price or a low price simultancously. The following payoff table shows the profit e…

10. Under the right conditions, perfectly competitive markets will lead to (a) A

10. Under the right conditions, perfectly competitive markets will lead to (a) A price set above the equilibrium by a government by law or policy (b) A freely-negotiated price in …

10. Use the three conditions for monopolistic competition discussed in the chapt

10. Use the three conditions for monopolistic competition discussed in the chapter to decide which of the following firms are likely to be operating as monopolistic competitors. I…

10. Using production indifference curves to determine the least-cost combination

10. Using production indifference curves to determine the least-cost combination of inputs You are a department manager in a large web design firm, and you have an assignment to p…

10. Washburn University increased tuition 3o/o in order to have more revenue to

10. Washburn University increased tuition 3o/o in order to have more revenue to cover its increasing costs. Answer the following questions on the impact the tuition increase will …

10. What is meant by the term economic integration? What are the various stages

10. What is meant by the term economic integration? What are the various stages that economic integration can take? 11.      Under the European Union's common agricultural policy,…

10. What would happen to the equilibrium price and quantity of lattes if coffee

10. What would happen to the equilibrium price and quantity of lattes if coffee shops began using a machine that reduced the amount of labor necessary to produce steamed milk, whi…

10. When macroeconomic stabilization policy requires stable prices as a conditio

10. When macroeconomic stabilization policy requires stable prices as a condition of pursuing other goals, it is referred to as mandate When macroeconomic stabilization policy giv…

10. When the unemployment rate falls below the natural rate, real GDP falls belo

10. When the unemployment rate falls below the natural rate, real GDP falls below potential output. A) True B) False 11. Under a passive monetary policy, a rightward shift of the …

10. Which \"dual shift\" scenario results in a rise in equilibrium price with th

10. Which "dual shift" scenario results in a rise in equilibrium price with the effect on equilibrium quantity ambiguous (may increase, decrease or stay the same)? 11. Which "dual…

10. Which of the following best exemplifies the Becker income effect? An increas

10. Which of the following best exemplifies the Becker income effect? An increase in the market wage leads a household to: Select one: a. substitute time for goods in the producti…

10. Which of the following instruments would most likely be utilized in the dire

10. Which of the following instruments would most likely be utilized in the direct finance market?      A) Bank commercial loans.                               B) U.S. Treasury Bi…

10. Which of the following is true? a) b) c) Excess reserves + actual reserves =

10. Which of the following is true? a) b) c) Excess reserves + actual reserves = required reserves Actual reserves+required reserves excess reserve:s Actual reserves-required rese…

10. Which of the following may NOT help avoid a financial crisis? A) Maintaining

10. Which of the following may NOT help avoid a financial crisis? A) Maintaining credible and sustainable fiscal policies B) Regulation and supervision of the financial system C) …

10. Which of the following payment terms should a professional athlete prefer in

10. Which of the following payment terms should a professional athlete prefer in a “ten million dollar” five-year contract if the athlete wants to obtain the greatest present valu…

10. Which of the following represents the nature of a monopolist\'s deadweight l

10. Which of the following represents the nature of a monopolist's deadweight loss? O It is not possible to equate price with marginal cost when demand is inelastic. O It is a fac…

10. Which would provide the most accurate description of events when monetary au

10. Which would provide the most accurate description of events when monetary authorities decrease the size of commercial banks' excess reserves? A. A fall in interest rates decre…

10. With Free Trade, what is the quantity purchased by domestic consumers and th

10. With Free Trade, what is the quantity purchased by domestic consumers and the quantity sold by domestic producers? a) Consumers purchase Q_3 ; producers sell Q_3 b) Consumers …

10. Working through an open-market operation Aa Aa Assume that the following T-a

10. Working through an open-market operation Aa Aa Assume that the following T-account portrays the state of the banking system. The banks currently have no excess reserves Assets…

10.) The U.S. Department of Agriculture guarantees dairy producers that they wil

10.) The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound for butter they supply to the market. Below is the current month…