Economics

Assume we have an economy with 10 million Labor Force, 9 Million employed and 10

Assume we have an economy with 10 million Labor Force, 9 Million employed and 10 million unemployed. a) What is the unemployment rate (in decimals out to 2 decimal places)? b) Now…

Assume we have monotonicity. To determine whether preferences are consistent wit

Assume we have monotonicity. To determine whether preferences are consistent with the hypothesis of diminishing marginal rates of substitution (MRS), we examine what happens to th…

Assume we have two identical houses. For instance, each is a 3 bedroom, 3 bath,

Assume we have two identical houses. For instance, each is a 3 bedroom, 3 bath, 2000 square feet white house on a 1 acre lot and both were built in 1996. The single difference is …

Assume we have two stocks, A and B. Stock A has expected return 12% and stock B

Assume we have two stocks, A and B. Stock A has expected return 12% and stock B has expected return 15%. The beta for stock A is 0.8 and the beta for B is 1.2. The expected return…

Assume wheat is produced in the Sacramento Valley using irrigation water and nit

Assume wheat is produced in the Sacramento Valley using irrigation water and nitrogen fertilizer (together with land, labor, machinery, seed and other inputs.) Assume for this que…

Assume wheat is produced in the Sacramento Valley using irrigation water and nit

Assume wheat is produced in the Sacramento Valley using irrigation water and nitrogen fertilizer (together with land, labor, machinery, seed and other inputs.) Assume for this que…

Assume wheat is produced in the Sacramento Valley using irrigation water and nit

Assume wheat is produced in the Sacramento Valley using irrigation water and nitrogen fertilizer (together with land, labor, machinery, seed and other inputs.) Assume for this que…

Assume wheat is produced in the Sacramento Valley using irrigation water and nit

Assume wheat is produced in the Sacramento Valley using irrigation water and nitrogen fertilizer (together with land, labor, machinery, seed and other inputs.) Assume for this que…

Assume you are a business person with an opportunity to make more money by meeti

Assume you are a business person with an opportunity to make more money by meeting with competitors and fixing prices, conduct which is illegal. The authorities will not discover …

Assume you are a livestock producer wanting to hedge the risk related to the pri

Assume you are a livestock producer wanting to hedge the risk related to the price of feed and the price of livestock.Which of the following combined strategy is consistent with h…

Assume you are a mediator whose job is to the hotel\'s maintenance staff. The Hu

Assume you are a mediator whose job is to the hotel's maintenance staff. The Hunters are also suing the fran- help opposing parties limit the expense and chise company because a m…

Assume you are a policymaker in Washington DC. Lobbyists for the preschoolers of

Assume you are a policymaker in Washington DC. Lobbyists for the preschoolers of America have put pressure on their representatives to cap prices on graham crackers. You have been…

Assume you are an American exporter and expect to receive 50 pounds sterling at

Assume you are an American exporter and expect to receive 50 pounds sterling at the end of 60 days. You can remove the risk of loss due to a devaluation of the pound sterling by? …

Assume you are an analyst assessing national costs of mercury abatement. Your st

Assume you are an analyst assessing national costs of mercury abatement. Your staff has estimated the marginal social costs to be MSC = 0.8Q and the marginal abatement cost across…

Assume you are an analyst with an online university say UOP. The Admissions Dire

Assume you are an analyst with an online university say UOP. The Admissions Director (AD) wants to determine the optimum number of students for each ECO561 class. You are provided…

Assume you are an economist working for Wal-Mart in Chicago. You are considering

Assume you are an economist working for Wal-Mart in Chicago. You are considering locations to open the newest stores. In order to identify optimal locations, you have estimated a …

Assume you are an instructor of a college macroeconomics course. Using the Mitra

Assume you are an instructor of a college macroeconomics course. Using the Mitra Kalita (2011) article as a basis, compare and contrast the concepts of consumption, investment, an…

Assume you are director of industrial relations for GMFC. The company and the un

Assume you are director of industrial relations for GMFC. The company and the union have failed to agree on a new contract, and the old contract expired last week. Two issues are …

Assume you are hired by the United Nations Development Program as an economist.

Assume you are hired by the United Nations Development Program as an economist. Your mission is to travel to Malaysia, formerly a major producer and exporter of rubber and cocoa. …

Assume you are in a store looking at a shirt you want. You expect to buy the shi

Assume you are in a store looking at a shirt you want. You expect to buy the shirt until you look at the price, then you decide the shirt is not a good buy. How can your decision …

Assume you are part of a Strategic planning team for a U.S Company. Your company

Assume you are part of a Strategic planning team for a U.S Company. Your company is considering strategic opportunities abroad and your task is to assess the possibilities of ente…

Assume you are the CEO of an U.S.-based e-commerce company that wants to expand

Assume you are the CEO of an U.S.-based e-commerce company that wants to expand internationally by exporting a product or service to one of the BRICS countries: Brazil, Russia, In…

Assume you are the CFO of a factory that supplies product to a large well-known

Assume you are the CFO of a factory that supplies product to a large well-known retail chain. It is your company's policy, and the general policy of your competitors, to offer pro…

Assume you are the consultant for Gambill Jewelrs, and aim to provide strategies

Assume you are the consultant for Gambill Jewelrs, and aim to provide strategies/ suggestions on helping the store deal with its problems and meeting its needs. But first you need…

Assume you are the hotel manager of Miramar Hotel. The air conditioning has stop

Assume you are the hotel manager of Miramar Hotel. The air conditioning has stopped functioning on one of the busiest and hottest weekends of the year. You need to explain the sit…

Assume you are the manager of Abba Cable Company, which provides commercial comm

Assume you are the manager of Abba Cable Company, which provides commercial communication services to the town of Canyon Lake, Texas. Because of licensing restrictions in the mark…

Assume you are the manager of Abba Cable Company, which provides commercial comm

Assume you are the manager of Abba Cable Company, which provides commercial communication services to the town of Canyon Lake, Texas. Because of licensing restrictions in the mark…

Assume you are the manager of Abba Cable Company, which provides commercial comm

Assume you are the manager of Abba Cable Company, which provides commercial communication services to the town of Canyon Lake, Texas. Because of licensing restrictions in the mark…

Assume you are the plant manager for Crossroads Sign Company, which produces roa

Assume you are the plant manager for Crossroads Sign Company, which produces road signs in a market that approximates perfect competition. Due to a slow economy, business has been…

Assume you are the plant manager for Crossroads Sign Company, which produces roa

Assume you are the plant manager for Crossroads Sign Company, which produces road signs in a market that approximates perfect competition. Due to a slow economy, business has been…

Assume you direct market your pumpkins at a roadside farm stand called The Park-

Assume you direct market your pumpkins at a roadside farm stand called The Park-n-Pick Pumpkin Patch during the month of October. Based on your marketing plan, you expect to sell …

Assume you had been buying gasoline for $2.50 per gallon and it went up to $2.60

Assume you had been buying gasoline for $2.50 per gallon and it went up to $2.60 per gallon at the station you usually go. As the price of gasoline goes up, some people are willin…

Assume you have $80,000 available for investment and it is currently earning int

Assume you have $80,000 available for investment and it is currently earning interest at an annual compound rate of 10%. Two investment alternatives have become available. One req…

Assume you have Sirius XM in your car and pay Sirius each month END. You are off

Assume you have Sirius XM in your car and pay Sirius each month END. You are offered the following deal: 1)  A two year contract (24 months) with payments fixed at $12/month (i.e.…

Assume you have a fixed amount of pasture. The table below shows the relationshi

Assume you have a fixed amount of pasture. The table below shows the relationship between the number of cows run on the pasture and the amount of beef produced. Complete the table…

Assume you have been hired to advise two different firms, A and B, regarding the

Assume you have been hired to advise two different firms, A and B, regarding the price each firm should charge for its product, focusing on the amount each firm should mark up pri…

Assume you have been hired to advise two different firms, A and B, regarding the

Assume you have been hired to advise two different firms, A and B, regarding the price each firm should charge for its product, focusing on the amount each firm should mark up pri…

Assume you have the following income distribution data for the residents of Disn

Assume you have the following income distribution data for the residents of Disneyland: Pluto $15,000 Donald Duck $20,000 Ticket Taker $5,000 Minnie Mouse $25,000 Mickey Mouse $35…

Assume you have the following income distribution data for the residents of Disn

Assume you have the following income distribution data for the residents of Disneyland: Pluto $15,000 Donald Duck $20,000 Ticket Taker $5,000 Minnie Mouse $25,000 Mickey Mouse $35…

Assume you have the following income distribution data for the residents of Disn

Assume you have the following income distribution data for the residents of Disneyland: Pluto $15,000 Donald Duck $20,000 Ticket Taker $5,000 Minnie Mouse $25,000 Mickey Mouse $35…

Assume you have two students who are roommates. One of the students is pretty sm

Assume you have two students who are roommates. One of the students is pretty smart, but the other one is not exactly the sharpest tack in the bag (a nice way of saying "dumb"). T…

Assume you hold a $10,000 government bond in your safe at home. How much, if any

Assume you hold a $10,000 government bond in your safe at home. How much, if any, of this bond is counted in the determination of the M1 definition of money in the economy? Assume…

Assume you live in a hypothetical developed economy. Last year, the CPI was repo

Assume you live in a hypothetical developed economy. Last year, the CPI was reported to be 172 and this year it is reported to be 178. Which of the following might you most reason…

Assume you ordered two Bose speakers for your home theater system from Sound Tec

Assume you ordered two Bose speakers for your home theater system from Sound Technologies, Inc. in New York. Sound Technologies shipped the speakers to you via UPS, C.O.D. (collec…

Assume you own a movie theater, and you would like to have senior discounts, but

           Assume you own a movie theater, and you would like to have senior discounts, but still maximize profits for your company. Assume that you have constant marginal costs o…

Assume you own a movie theater, and you would like to have senior discounts, but

Assume you own a movie theater, and you would like to have senior discounts, but still maximize profits for your company. Assume that you have constant marginal costs of $6. The t…

Assume you own a movie theater, and you would like to have senior discounts, but

Assume you own a movie theater, and you would like to have senior discounts, but still maximize profits for your company. Assume that you have constant marginal costs of $6. The t…

Assume you work for a U.S. company that markets its products throughout the worl

Assume you work for a U.S. company that markets its products throughout the world. The company's current online presence outside the United States is limited. Outline steps the co…

Assume your US firm currently exports to mexico on a monthly basis. The goods ar

Assume your US firm currently exports to mexico on a monthly basis. The goods are priced in Mexican Pesos (MXN). Once material is received from a supplier, is used to produce good…

Assume your business sells its products in a Perfectly Competitive Market. Let’s

Assume your business sells its products in a Perfectly Competitive Market. Let’s say that fixed costs (FC) are $50. Q Labor Q Output FC VC TC MC AFC AVC ATC 0 0 50 $0.00 50 1 20 5…