Economics

. Consider the game below, and assume throughout this question that players can

. Consider the game below, and assume throughout this question that players can only use pure strategies a. What is player I's (pure) maxmin strategy? b. What is player 2's (pure)…

. Consider three alternative policies, each with a different set of outcomes in

. Consider three alternative policies, each with a different set of outcomes in terms of output and inflation, as shown in following table: Output Output Output Inflation Inflatio…

. Consider three alternative policies, each with a different set of outcomes in

. Consider three alternative policies, each with a different set of outcomes in terms of output and inflation, as shown in following table: Output Output Output Inflation Inflatio…

. Continue with the power plant from the previous question, where again coal cur

. Continue with the power plant from the previous question, where again coal currently sells for $60 a ton but will sell for either $54 or $66 next month with equal probability. N…

. Correcting for negative externalities Regulation versus tradable permits Suppo

. Correcting for negative externalities Regulation versus tradable permits Suppose the govenment wants to reduce the total pollution emitted by three local firms Currently, each f…

. Country A has 30,000 units of labor and can produce 2 goods, manufactures and

. Country A has 30,000 units of labor and can produce 2 goods, manufactures and food. A’s producers take 3 units of labor to produce one unit of manufactures and 12 units to produ…

. Dan Unowsky assigns his computer repairers four tasks: customer service, repla

. Dan Unowsky assigns his computer repairers four tasks: customer service, replacement of broken parts, clean-up of equipment, and sale of used equipment to customers. If the comp…

. Describe whether each of the following is an example of adverse selection or m

. Describe whether each of the following is an example of adverse selection or moral hazard, and why. a. When I drive a rental car, I drive much more recklessly than when I drive …

. Digital, Inc., is a manufacturer and distributor of blank computer disks for r

. Digital, Inc., is a manufacturer and distributor of blank computer disks for residential use. Revenue and cost relations are: TR= $4,500Q - $0.1Q2 TC= $2,000,000 + $1,500Q + $0.…

. Discouraged workers Which of the following statements correctly describe disco

. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave hat apply all of the checkboxes blank.) Check …

. Discuss why or why not the Foreign Corrupt Practice Act is sensible to you. is

. Discuss why or why not the Foreign Corrupt Practice Act is sensible to you. is flighting comuption the right thing to do, or does the statue place American companies at an unacc…

. Does school size affect student test scores? Using data from 408 high schools

. Does school size affect student test scores? Using data from 408 high schools from Michigan the following regression is estimated (standard errors are in parenthesis) Model 1 (6…

. Download Records decides to release an album by the group Mary and the Little

. Download Records decides to release an album by the group Mary and the Little Lambs. It produces the album with no fixed costs, but the total cost of downloading an album to a C…

. During the great recession of 2008 in the US, the study indicates that the dem

. During the great recession of 2008 in the US, the study indicates that the demand for unskilled and semi-unskilled workers to hire has declined, but the wage structure paid to t…

. Each of the following changes can be expected to have an effect on the market

. Each of the following changes can be expected to have an effect on the market for newly built houses. Predict which curve will shift (supply or demand), and predict the directio…

. Each salesperson in a large department store chain is rated on their sales abi

. Each salesperson in a large department store chain is rated on their sales ability and their potential for advancement. The data for the 500 sampled salespeople are summarized i…

. Elliot makes $250,000 a year and pays 30% taxes on $150,000 and 35% on his rem

.    Elliot makes $250,000 a year and pays 30% taxes on $150,000 and 35% on his remaining salary. His expenses are $110,000 (per year). He wants to invest a fixed amount EVERY day…

. Eunice is cramming for finals and has only six hours of study time left! Her g

. Eunice is cramming for finals and has only six hours of study time left! Her goal is to get as high an average grade as possible over three subjects: economics, mathematics, and…

. Five members in a family own a farm in rural Mexico. They all work on the farm

. Five members in a family own a farm in rural Mexico. They all work on the farm and there are no other dependents. Their total income per year depends on the number of members wo…

. For each of the following arguments, provide one basic assumption that is inte

. For each of the following arguments, provide one basic assumption that is interesting, important, or significant (not "facile"). Type your answer starting at the point of the ar…

. For each of the following, state whether the individual is included or not inc

. For each of the following, state whether the individual is included or not included in the labor force and, if included, whether that person is counted as employed or unemployed…

. Foreign exchange supply and demand Draw a diagram for the foreign exchange mar

. Foreign exchange supply and demand    Draw a diagram for the foreign exchange market for the dollar vs the euro. Model your diagram on Figure 10.3. Place "euros per dollar" on t…

. Gemini Robotics, Inc. is a monopoly firm in the market for home robots. The ow

. Gemini Robotics, Inc. is a monopoly firm in the market for home robots. The owner-manager of Gemini founded the home robot industry in 2015 on the basis of the following forecas…

. Gertrude, a sandwich shop owner, has the following information: P = MR = $4; A

. Gertrude, a sandwich shop owner, has the following information: P = MR = $4; ATC = $2; AVC = $1; MC = $4; and Q = 500. From these data, Gertrude can determine: a. Her profits ar…

. Given below are the cost schedules for a perfectly competitive firm. Average A

. Given below are the cost schedules for a perfectly competitive firm. Average Average Variable Total Marginal Quantity Cost Cost Cost 1 $ 50 $ 90 $ 50 2 45 65 40 3 40 53 30 4 35 …

. Given below are the cost schedules for a perfectly competitive firm. Average A

. Given below are the cost schedules for a perfectly competitive firm. Average Average Variable Total Marginal Quantity Cost Cost Cost 1 $ 50 $ 90 $ 50 2 45 65 40 3 40 53 30 4 35 …

. Given the products below and the events that affect them, indicate what happen

. Given the products below and the events that affect them, indicate what happens to demand or supply, and the equilibrium price and quantity. Identify the determinant of demand o…

. Grade inflation is widespread; college students receive higher grades on tests

. Grade inflation is widespread; college students receive higher grades on tests and exams today for work that would have received lower grades in the past. One recent study found…

. Hamsung , Inc., a manufacturer of electronic appliances, estimated the unit co

. Hamsung , Inc., a manufacturer of electronic appliances, estimated the unit cost of one of its products as follows: Material costs $ 63 Labor costs $ 24 Overhead $110 $197 The o…

. Harry Mazzola, who consumes only corn chips and french fries. His utility func

. Harry Mazzola, who consumes only corn chips and french fries. His utility function is u(x1, x2) = min{x1 + 2x2, 2x1 + x2} where x1 is his consumption of corn chips and x2 is his…

. Henry, a direct descendant of Jefferson Morgan has inherited $450,000. A finan

.    Henry, a direct descendant of Jefferson Morgan has inherited $450,000. A financial advisor tells her to invest this amount and target an average of at least 8% return over a …

. How do you test for constant returns to scale in a Cobb-Douglas production fun

. How do you test for constant returns to scale in a Cobb-Douglas production function of the form y, = Ax"AXA exp(u), i = 1, , N , where y-output produced and the x's correspond t…

. If some auction participants for crude oil field leases have estimates that th

. If some auction participants for crude oil field leases have estimates that the oil in the ground is worth $1.2 million, $1.3 million, or $1.5 million with certainty; and other …

. If the Marginal Propensity to Consume is 80%, the Marginal Propensity to Save

. If the Marginal Propensity to Consume is 80%, the Marginal Propensity to Save is ______________ and the income multiplier is ________________. . Laissez faire economists asserte…

. If the economy is prosperous and inflation is relatively high, then the discre

. If the economy is prosperous and inflation is relatively high, then the discretionary fiscal policy or policies that would most likely be recommended to correct this macroeconom…

. If the reserve requirement is 10%, then the potential money multiplier is ____

. If the reserve requirement is 10%, then the potential money multiplier is ____ and the actual money multiplier is ____. 100; less than 100 10; less than 10 100; greater than 100…

. If the stock market crashes, then (Points : 2) aggregate demand increases, whi

. If the stock market crashes, then (Points : 2)        aggregate demand increases, which the Fed could offset by increasing the money supply.        aggregate demand increases, w…

. Importing goods produced by low-wage workers abroad decreases the demand for l

. Importing goods produced by low-wage workers abroad decreases the demand for low-skilled U.S. labor that makes competing goods. Supply and demand analysis shows that the equilib…

. In 2012, D&J Components, a manufacturer of truck gear box components, develope

. In 2012, D&J Components, a manufacturer of truck gear box components, developed and installed an expert system to design several types of component, and to feed the design s…

. In Exhibit 2, the shift in the demand curve from Di to D2 could have been caus

. In Exhibit 2, the shift in the demand curve from Di to D2 could have been caused by which of the following? a. Decrease in price b. Increase in expected future prices. c. Increa…

. In Robertsville, Missouri, there is only one newspaper, the Daily Gossip. The

. In Robertsville, Missouri, there is only one newspaper, the Daily Gossip. The demand for the newspaper depends on the price and the amount of scandal reported. The demand functi…

. In a perfectly competitive industry, the market price is $25. A firm is curren

. In a perfectly competitive industry, the market price is $25. A firm is currently producing 10,000 units of output, its average total cost is $28, its marginal cost is $20, and …

. In addition to hiring new employees to manage increasing demand for your compa

. In addition to hiring new employees to manage increasing demand for your company’s mowing services, you also need to purchase some new equipment. You’ve identified a new eco-fri…

. In analyzing a company\'s competitive assets, which of the following questions

. In analyzing a company's competitive assets, which of the following questions is most important to ask? A. Does the company have the industry's most efficient and effective valu…

. In some countries the central bank expands the money supply during presidentia

. In some countries the central bank expands the money supply during presidential elections to stimulate the economy and help the party in power. Assume the central bank of Kubiki…

. In year 2013, the population of island I is 210, 000 people, of which 150,000

. In year 2013, the population of island I is 210, 000 people, of which 150,000 are aged 16 or older. Of this 150,000 people, 100,000 have jobs (50,000 do not). 30,000 are separat…

. Indicate whether each of the following statements is possibly true or certainl

. Indicate whether each of the following statements is possibly true or certainly false. a) The cost-minimizing bundle for y = 50 is l = 10 and K = 40 if labor and capital cost th…

. John Barks owns Barks Computer Screens Inc. and wants to identify the supply a

. John Barks owns Barks Computer Screens Inc. and wants to identify the supply and demand for screens in his market. The company can produce large screens called Wides or small sc…

. John Gardener is the city planner in a medium-sized southeastern city. The cit

. John Gardener is the city planner in a medium-sized southeastern city. The city is considering a proposal to award an exclusive contract to Clear Vision, Inc. a cable television…

. Larry Kraft owns a restaurant that is open 7 days a week. He has 25 full-time

.       Larry Kraft owns a restaurant that is open 7 days a week. He has 25 full-time employees, but he has fairly high employee turnover. He believes that he can stabilize his wo…