Economics

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087591,18tcourse id -1405646 1&con; ttps/bbhosted.cuny.edu/webapps/assessment/take/launch,jsp?course assessment id 1 Remaining Time: 1 hour, 31 minutes, 38 seconds. Question C…

09/10/18 The figure below depicts the effect of an increase in the supply of gas

09/10/18 The figure below depicts the effect of an increase in the supply of gasoline on equilibrium price and equilibrium quantity Use the diagram to answer the questions below t…

09/18/18 32% Question (2 points) For the following questions, you need to determ

09/18/18 32% Question (2 points) For the following questions, you need to determine whether each of the four factors given creates a positive demand shock, a negative demand shock…

09/18/18 32% U.S. Gasoline Use Rising to Record This Summer on Low Prices by Mar

09/18/18 32% U.S. Gasoline Use Rising to Record This Summer on Low Prices by Mark Shenk U.S. Gasoline Use Rising to Record This Summer on Low Prices by Mark Shenk June 7, 2016, 12…

09: (15Marks) A valve manufacturing company incurs AED 30 manufacturing the valv

09: (15Marks) A valve manufacturing company incurs AED 30 manufacturing the valve is AED 4000. These costs are considered as the only relevant manufacturing costs. The selling pri…

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09:00 PM Available From: Due Date Points Possible: Grade Category: Description Policies: 10/8/2015 Question 4 of 14 10/22/2015 07:00 PM 100 Graded HW Mapd sapling leaming Noah pro…

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0? ??g" dll 35% [01:31 PM Week 5 Exam-EC02 https://myclasses.southuniver , Week 5 Exam v Week 5 Exam Est. Length: 2:00:00 Angela Campbell: Attempt 1 Mrs. Smith operates a business…

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0BB2&eis8N 97813370965468id-3449453418sna From Cengage Q Search th Homework (Ch 05) 1. Determinants of the price elasticity of demand Consider some determinants of the price e…

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0N/A -50 150 50 2 40 90 3 30 120 4 20140 10 150 5 15 125 4 20 110 3 25 90 2 30 65 1 3535 0 N/A 0 1) Suppose in Autarky economy, both goods have the same price: Pi = P.-3. Solve th…

0bA Final: Open book Total points: 10 Duration: 120 minutes ate : -2018/1/1. lec

0bA Final: Open book Total points: 10 Duration: 120 minutes ate : -2018/1/1. lecturer: Yucan Liu Authorizer: Edit d Section 1. (30 points) Subsection 1(8 points) 040008 040008 040…

0scar consumes two goods, wine and cheese. His weekly income is $500. a. Describ

0scar consumes two goods, wine and cheese. His weekly income is $500. a. Describes Oscar's budget constraint under the following conditions: i. Wine cost $10/bottle, cheese costs …

1 (1 point) Question 1 UnsavedWhich of the following were factors exacerbating t

1 (1 point) Question 1 UnsavedWhich of the following were factors exacerbating the Great Depression? Question 1 options: higher interest rates falling productivity all of the abov…

1 (A). An operations manager in a high tech company located in Bemidji MN is loo

1 (A). An operations manager in a high tech company located in Bemidji MN is looking to buy a machine that is worth $100,000. The company decided to get a loan with a $40,000 down…

1 (a,c ,d ) and 2 MORE PROBLEMS A ND A PPLICATIONS . If a war broke out abroad,

1 (a,c ,d ) and 2 MORE PROBLEMS A ND A PPLICATIONS . If a war broke out abroad, it would affect d·The war makes US consumers uncertain the U.S. economy in many ways. Use the model…

1 ) In the table Quatity of labor hired ( thousands of workes) the options are (

1) In the table Quatity of labor hired ( thousands of workes) the options are (5, 2.5 & 7.5). $6 are (5, 2.5 & 7.5). $10 are (5, 2.5 & 7.5). $14 are (5, 2.5 & 7.5)…

1 ) Krugman, Solow, and Asia’s “Miracle” (30 points) “Popular enthusiasm about A

1)   Krugman, Solow, and Asia’s “Miracle” (30 points) “Popular enthusiasm about Asia’s boom deserves to have some cold water thrown on it. Rapid Asian growth is less of a model fo…

1 ) Ten years ago a machine cost $800,000. Now, the same machine costs $1,200,00

1 ) Ten years ago a machine cost $800,000. Now, the same machine costs $1,200,000. Calculate the average rate of inflation per year. 3.7%,   5.0%,   4.1% , 4.6% 2) An investor bou…

1 ) Which of the following statements are correct? A)China has the comparative a

1 ) Which of the following statements are correct? A)China has the comparative advantage for both TVs and cameras B)China has the comparative advantage for TVs because it has a lo…

1 )Assume that the market for bread is perfectly competitive. The demand for bre

1 )Assume that the market for bread is perfectly competitive. The demand for bread is given by the equation: D 25 P and the market supply for bread is given by: S -20 4P. a.Determ…

1 )Assume that the market for bread is perfectly competitive. The demand for bre

1 )Assume that the market for bread is perfectly competitive. The demand for bread is given by the equation: D= 25 - P and the market supply for bread is given by: S= -20+ 4P. a.D…

1 )Assume that the market for bread is perfectly competitive. The demand for bre

1 )Assume that the market for bread is perfectly competitive. The demand for bread is given by the equation: D= 25 - P and the market supply for bread is given by: S= -20+ 4P. a.D…

1 )If Theil\'s U is less than 1 for some forecasting method M , Forecasting meth

1 )If Theil's U is less than 1 for some forecasting method M, Forecasting method M is more accurate than the simple moving average forecasting method. Forecasting method M is less…

1 )Why, historically, has the soft drink industry been so profitable? Soft drink

1 )Why, historically, has the soft drink industry been so profitable? Soft drink plays an important role in the people’s daily life. There is no doubt that this industry is profit…

1 - Explain the effects of inflation, interest rates, exchanges rates and consum

1 - Explain the effects of inflation, interest rates, exchanges rates and consumer demand on international trade and the economy in terms of trade deficits and surpluses. Include …

1 - One way in which monopolistic competition differs from oligopoly is that A -

1 - One way in which monopolistic competition differs from oligopoly is that A - there are no barriers to entry in oligopolies. B - in oligopoly markets there are only a few selle…

1 - Ray buys a new tractor for $118,000. He receives consumer surplus of $13,000

1 - Ray buys a new tractor for $118,000. He receives consumer surplus of $13,000 on his purchase. Ray's willingness to pay isA - $13,000B - $105,000C - $118,000D - $131,000 2 - Wh…

1 - What are your recommendations for U.S.A education policy to increase economi

1 - What are your recommendations for U.S.A education policy to increase economic growth? 2 - Can foreign aid improve economic growth in low-income countries by targeting educatio…

1 - “During 2013, the price of personal computers (PCs) fell drastically, but th

1 - “During 2013, the price of personal computers (PCs) fell drastically, but the quantity supplied increased.” This statement … suggests that the supply of PCs decreased during 2…

1 . A competitive firm’stotal cost function is given by TC = .25Q 2 + 25 (with M

1.    A competitive firm’stotal cost function is given by                   TC = .25Q2 + 25                   (with MC = .5Q). The firm faces a market price of $15. Algebraicallyc…

1 . A firm that is a pure competitor has P > ATC and P > MC on the output (Q) it

1. A firm that is a pure competitor has P > ATC and P > MC on the output (Q) it is presently producing and selling. Is this firm maximizing its profits? If not, which direct…

1 . Explain the relationship between the price elasticity of demand and total re

1. Explain the relationship between the price elasticity of demand and total revenue. 2.    Is the price elasticity of gasoline more elastic over a shorter or a longer period of t…

1 . How does elasticity affect the pricing structure of products and services? 2

1. How does elasticity affect the pricing structure of products and services? 2. If the government increases regulation, how does that affect the elements of price, supply, and de…

1 . How does elasticity affect the pricing structure of products and services? 2

1. How does elasticity affect the pricing structure of products and services? 2. If the government increases regulation, how does that affect the elements of price, supply, and de…

1 . In both competitive and monopolistically competitive markets, firms earn nor

1. In both competitive and monopolistically competitive markets, firms earn normal profits in the long run. What enables oligopoly firms to have the opportunity to earn economic p…

1 . Intuit, the maker of TurboTax tax filing software, produces software that pr

1. Intuit, the maker of TurboTax tax filing software, produces software that prepares federal income tax returns. In addition, it also produces software that prepares various stat…

1 . Label each of the following goods as private, public, club, or common. a. Wa

1. Label each of the following goods as private, public, club, or common. a. Wall clock b. Wristwatch c. Cat d. Cat video e. Public restroom 2. John is a car salesman working for …

1 . List and describe six primary functions of the central bank 2. What is the e

1. List and describe six primary functions of the central bank 2.  What is the equation of exchange? What are the variables, which are in it, and how do they relate to each other?…

1 . List and explain the conditions of democracy. 2. Which system works best for

1. List and explain the conditions of democracy. 2. Which system works best for Texas—a majoritarian democracy or a pluralist democracy? Explain why you think it works best. 3. Ex…

1 . Prairie Cabinets produces and sells custom kitchen cabinets. The firm has de

1. Prairie Cabinets produces and sells custom kitchen cabinets. The firm has determined that if it hires 10 workers, it can produce 10 sets of cabinets per day. If it hires 11 wor…

1 . Suppose the year-to-year price increases from 2008 to 2014 are as shown in t

1. Suppose the year-to-year price increases from 2008 to 2014 are as shown in the following chart: Year 2008 .    2009 2010 2011    2012 2013 2014 % increase in prices over previo…

1 . What would happen in the market for loanable funds if the government were to

1 . What would happen in the market for loanable funds if the government were to increase the tax on interest income? 2 . Banks 3. Retained earnings are 4 . A stock index is 5 . Y…

1 . Why is marginal revenue always less than the price for a monopolist but equa

1. Why is marginal revenue always less than the price for a monopolist but equal to the price for a perfectly competitive firm? 2. Explain how a monopolist can use price discrimin…

1 . Why was it a mistake for Warner Brothers to wait until the filming of Analyz

1. Why was it a mistake for Warner Brothers to wait until the filming of Analyze This was almost finished before negotiating with Tony Bennett to perform in the final scene? 2. Bl…

1 . You are in charge decision making for a firm that is a pure monopoly. You kn

1. You are in charge decision making for a firm that is a pure monopoly. You know that P > ATC, and that MC > MR on the amount of output you are presently producing. a) The …

1 . a) In the long run, prices are áexible. According to the quantity theory of

1 . a) In the long run, prices are áexible. According to the quantity theory of money, what are the e§ects of a 12% increase in the money supply in the long run? b) You are told t…

1 .(7 points) Consider the production function Q = 5 K.3 L.6 This firm faces a w

1 .(7 points) Consider the production function Q = 5 K.3 L.6 This firm faces a wage of $10/unit and a rental price of capital of $30/unit. a. Derive the total cost function, the m…

1 .) Bob Davies must decide whether to invest $100,000 in his own business or in

1.) Bob Davies must decide whether to invest $100,000 in his own business or in another local business. Both investment projects have an expected life of five years. The cash flow…

1 .3 A mandatory health insurance plan costs $4,000. One worker earns $24,500 in

1 .3 A mandatory health insurance plan costs $4,000. One worker earns $24,500 in employment income and $500 in investment income. Another worker earns $48,000 in employment income…

1 .An example of a social (as opposed to private) cost of smoking is _____ a) ta

1.An example of a social (as opposed to private) cost of smoking is                  _____ a) taxes on cigarettes, b) the price of cigarettes, c) second-hand smoke, d) positive ex…

1 .Social welfare (or surplus) = consumer surplus + producer surplus. A) True B)

1 .Social welfare (or surplus) = consumer surplus + producer surplus. A) True B) False 2. Patents can serve as a legal barrier to entry into an industry. A) True B) False 3. The f…