Economics

1). College Textbooks wants to increase the quantity of textbooks that it sells

1). College Textbooks wants to increase the quantity of textbooks that it sells by 3 percent. The price elasticity of demand for textbooks sold by College Textbooks is 0.6. What i…

1). How would you define a risk –neutral person in the context of making decisio

1). How would you define a risk –neutral person in the context of making decisions south the health insurances? 2).What is meant by a loading fee when considering the price of an …

1). If four mechanics can fix 20 cars a day and five mechanics can fix 24 cars a

1). If four mechanics can fix 20 cars a day and five mechanics can fix 24 cars a day, what is the marginal product of the fifth worker? 2). If you give up a $40,000/year salary to…

1). List three businesses that can exist today, because of the World Wide Web th

1). List three businesses that can exist today, because of the World Wide Web that could not have existed before the advent of this technological communication system. 2). How has…

1). The Consumer Price Index (CPI) Which of the following does the consumer pric

1). The Consumer Price Index (CPI) Which of the following does the consumer price index (CPI) include?    U.S. exports,    Military equipment purchases by the government,    House…

1). What is difference between a company\'s returns to labor and returns to scal

1). What is difference between a company's returns to labor and returns to scale? (Please confirm that it is "A") a. Returns to labor looks at the change in output when only the l…

1). Which of the following is true? a) The negative relationship between the FFR

1). Which of the following is true? a) The negative relationship between the FFR and the price of treasury bills is a result of a change in the demand of treasury bills. b) The pr…

1). when it comes to validating tests, what type of predictors that we studied i

1). when it comes to validating tests, what type of predictors that we studied in chapter 6 ( human resource management: gaining a competitive advantage 8 edition) may be overesti…

1).Distinguish between three different viewpoints of the quality of health care

1).Distinguish between three different viewpoints of the quality of health care and provide examples of the types of care that would be considered indicators of quality for each v…

1)A cut in government spending, a decrease in income abroad, an increase in taxe

1)A cut in government spending, a decrease in income abroad, an increase in taxes, or an expectation that future consumer income will fall will all cause aggregate: A) demand to s…

1)A firm is more likely to have a natural monopoly when: Select one: a. the size

1)A firm is more likely to have a natural monopoly when: Select one: a. the size of the market is small relative to the efficient scale of the firm. b. the size of the market is l…

1)A market in which there are neither external benefits nor external costs is: S

1)A market in which there are neither external benefits nor external costs is: Select one: a. efficient. b. inefficient. Incorrect c. efficient and equitable. d. impossible. 2)Rec…

1)A recessionary gap can theoretically close on its own because. a)Aggregate sup

1)A recessionary gap can theoretically close on its own because. a)Aggregate supply will gradually shift to the right as input prices decrease in the time of recession. b)Aggregat…

1)A recessionary gap can theoretically close on its own because. a)Aggregate sup

1)A recessionary gap can theoretically close on its own because. a)Aggregate supply will gradually shift to the right as input prices decrease in the time of recession. b)Aggregat…

1)A survey conducted by the Wall Street Journal indicates that _____ have a more

1)A survey conducted by the Wall Street Journal indicates that _____ have a more satisfying business experience. top-level executives small business owners franchise owners team m…

1)A trade deficit for the United States is generally financed by: a)Lending to t

1)A trade deficit for the United States is generally financed by: a)Lending to the Federal government b)Borrowing from the Federal government c)Buying securities or assets from ot…

1)A trade deficit for the United States is generally financed by: a)Lending to t

1)A trade deficit for the United States is generally financed by: a)Lending to the Federal government b)Borrowing from the Federal government c)Buying securities or assets from ot…

1)Although the split between those working in small companies and those working

1)Although the split between those working in small companies and those working in big companies is about even, large companies: hire less frequently and fire less frequently than…

1)As actual output falls below the potential level in the short run, which of th

1)As actual output falls below the potential level in the short run, which of the following is most likely to occur? A. More resources will become unemployed. B. Nominal GDP will …

1)As reported by the Bureau of Labor Statistics, the CPI for Airfare in 2263 was

1)As reported by the Bureau of Labor Statistics, the CPI for Airfare in 2263 was 579.6 (using a base year of 1914 = 100). The CPI for Airfare in 2264 was 617.9. Based on this data…

1)As reported by the Bureau of Labor Statistics, the CPI for Airfare in 2263 was

1)As reported by the Bureau of Labor Statistics, the CPI for Airfare in 2263 was 579.6 (using a base year of 1914 = 100). The CPI for Airfare in 2264 was 617.9. Based on this data…

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

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.Determi…

1)Assume that two firms (Firm A and Firm B) operate in the U.S. steel industry.

1)Assume that two firms (Firm A and Firm B) operate in the U.S. steel industry. The owner of Firm A writes the following letter to the owner of Firm B: Dear Owner of Firm B, I hav…

1)At a price of $10, quantity demanded is 30 units while at a price of $11, quan

1)At a price of $10, quantity demanded is 30 units while at a price of $11, quantity demanded is 24 units. What is the price elasticity of demand? A) 0.5 B) 0.43 C) 2.33 D) 6.0 Pl…

1)Because the demand curve for a monopolist is downward sloping: a)There is no l

1)Because the demand curve for a monopolist is downward sloping: a)There is no limit on the monopolist’s ability to make a profit. b)The monopolist can sell as many units of its p…

1)Calculate the annual total fixed costs for a combine that has an initial price

1)Calculate the annual total fixed costs for a combine that has an initial price of $300,000, a useful life of 7 years, a salvage value of $50,000, and was financed at an interest…

1)Changes in aggregate demand_______ A)could be caused by changes in the spendin

1)Changes in aggregate demand_______ A)could be caused by changes in the spending decisions of the households, businesses, the government, and foreigners. B)are not affected by ch…

1)Country A and Country B are two countries that both produce Coffee and sugar.

1)Country A and Country B are two countries that both produce Coffee and sugar. In Country A each worker in a one-hour period can produce either 13.11 pounds of Coffee or 7.3 poun…

1)Create your own ranking (from 1 to 17) of the UN sustainable development goals

1)Create your own ranking (from 1 to 17) of the UN sustainable development goals based on your own personal perception of their importance. http://www.undp.org/content/undp/en/hom…

1)D01 Financial Statement Analysis Discuss you approach to a sound and meaningfu

1)D01 Financial Statement Analysis Discuss you approach to a sound and meaningful financial statement analysis. Be detailed and specific as to what you would do and what data you …

1)Describe the cost function and explain the difference between a short-run and

1)Describe the cost function and explain the difference between a short-run and a long-run cost function. 2) Describe the elements of a cost schedule which can be derived total, f…

1)Does an increase in Gross Domestic Product mean that the nation\'s citizens ar

1)Does an increase in Gross Domestic Product mean that the nation's citizens are happier with greater well-being? 2)What if your country was taken over by Dictator Diana, who requ…

1)Explain how a \"rising\" American dollar will affect (a) an American company w

1)Explain how a "rising" American dollar will affect (a) an American company which imports cashews; and (b) an American company which exports apples. True/False 2. Since the “melt…

1)Federal antitrust laws in the U.S. serve to a)promote competition by prohibiti

1)Federal antitrust laws in the U.S. serve to a)promote competition by prohibiting monopolies. b)make large corporations richer. c)create new monopolies. d)create only government-…

1)Fiscal policy is concerned with _____. A. government spending and changes in m

1)Fiscal policy is concerned with _____. A. government spending and changes in money supply B. money supply and taxation C. government spending and taxation D. government spending…

1)Full employment: A. exists when, on average, nearly two out of three adults in

1)Full employment: A. exists when, on average, nearly two out of three adults in the labor force are employed. B. exists when everyone in the labor force has a job. C. exists when…

1)Given: Total fixed cost = $420. Variable cost/unit = $20. Revenue/unit = $30.

1)Given: Total fixed cost = $420. Variable cost/unit = $20. Revenue/unit = $30. The breakeven volume is most nearly? 2)Two new rides are being compared by a local amusement park i…

1)Given: Total fixed cost = $420. Variable cost/unit = $20. Revenue/unit = $30.

1)Given: Total fixed cost = $420. Variable cost/unit = $20. Revenue/unit = $30. The breakeven volume is most nearly? 2)Two new rides are being compared by a local amusement park i…

1)Given: Total fixed cost = $420. Variable cost/unit = $20. Revenue/unit = $30.

1)Given: Total fixed cost = $420. Variable cost/unit = $20. Revenue/unit = $30. The breakeven volume is most nearly? 2)Two new rides are being compared by a local amusement park i…

1)If the conditions for perfect competition are generally not met, why do econom

1)If the conditions for perfect competition are generally not met, why do economists use the model? D) To explain how the Internet has impacted firms' buying practices. 2) Why is …

1)If the demand curve shifts outward and the supply curveremains constant (assum

1)If the demand curve shifts outward and the supply curveremains constant (assume a typical downward sloping demandcurve): 2) When OPEC nations reduced their output of oil to worl…

1)Imagine that the economy begins in long-run equilibrium. Then, perhaps because

1)Imagine that the economy begins in long-run equilibrium. Then, perhaps because of damaged international relations and diminished confidence in policy makers, people become more …

1)Imagine the congress is voting for a bill that will eliminate the individual m

1)Imagine the congress is voting for a bill that will eliminate the individual mandate of the ACA (which require individuals either to have health insurance coverage or pay a fine…

1)In 2009 the electronics retailer Circuit City closed its stores. If we assume

1)In 2009 the electronics retailer Circuit City closed its stores. If we assume this was a short-run decision, the most likely explanation for it is that the price of a typical pr…

1)In 2009 the electronics retailer Circuit City closed its stores. If we assume

1)In 2009 the electronics retailer Circuit City closed its stores. If we assume this was a short-run decision, the most likely explanation for it is that the price of a typical pr…

1)In 2009 the electronics retailer Circuit City closed its stores. If we assume

1)In 2009 the electronics retailer Circuit City closed its stores. If we assume this was a short-run decision, the most likely explanation for it is that the price of a typical pr…

1)In the short-run production function, we assume that: A) Capital and technolog

1)In the short-run production function, we assume that: A) Capital and technology are fixed, but firms can add labor to increase output. B) Capital and labor are fixed, but firms …

1)Is the cost data in the attached spreadsheet related to a long run or a short

1)Is the cost data in the attached spreadsheet related to a long run or a short run cost analysis? a)Trick question, those are the same thing Long run Short run It is impossible t…

1)Jack, a manager with Tiny Tots Toy Company, has just participated in a meeting

1)Jack, a manager with Tiny Tots Toy Company, has just participated in a meeting that looked at future trends in the toy industry, and identified new challenges and opportunities …

1)Marginal measurements provide a numerical value to the responsiveness of a fun

1)Marginal measurements provide a numerical value to the responsiveness of a function to changes in one of the variables in the function. (True/False) 2)The profit function only i…