Economics

1. Consider the AD/AS model built from the IS/LM, with an upward sloping SRAS. T

1. Consider the AD/AS model built from the IS/LM, with an upward sloping SRAS. The economy was operating at full employment, but it is suddenly hit by unfavorable weather conditio…

1. Consider the following 2x2 game: Player 2 Left Right 54, 15 Down 21,53 35,78

1. Consider the following 2x2 game: Player 2 Left Right 54, 15 Down 21,53 35,78 Player 1 Up 23, 12 If players have the optional it signal their action before taking it (they are a…

1. Consider the following Table extracted from MacManus(2007) where P represents

1. Consider the following Table extracted from MacManus(2007) where P represents the increase in price and C represents the increase in cost. Product Line Average Price Average P-…

1. Consider the following competitive market: Inverse of demand function: P^D(Q)

1. Consider the following competitive market: Inverse of demand function: P^D(Q)=A^D-B^DQ Production cost of each firm: TCfirm(q)=(1/2)Mq^2 + F Free entry but exist cost of %u03C6…

1. Consider the following data detailing the iThing market for Myland, the high-

1. Consider the following data detailing the iThing market for Myland, the high-cost producer, before and after it forms a trade agreement with Ourland. It imposes a tariff of two…

1. Consider the following data, which applies to Avataria and Twilightia in the

1. Consider the following data, which applies to Avataria and Twilightia in the years 1990 and 2010. In both countries the production function in per worker terms is: y = A(k)^1/2…

1. Consider the following demand and supply curves for the automobile industry:

1. Consider the following demand and supply curves for the automobile industry: QD= 200P^1.2 QS = 1.3P, where P is measured in thousands of dollars and Q in millions of automobile…

1. Consider the following demand and supply curves: a. What is the equation of t

1. Consider the following demand and supply curves: a. What is the equation of this demand function? b. What is the equation of this supply function? c. Solve for equilibrium pric…

1. Consider the following demand curve for apples. Price (in dollars),10,9,8,7,6

1. Consider the following demand curve for apples. Price (in dollars),10,9,8,7,6,5,4 Quantity (in Bushels), 1,2,3,4,5,6,7 a) Find the price elasticity of demand between the prices…

1. Consider the following experiment: Three fair coins are flipped one after the

1. Consider the following experiment: Three fair coins are flipped one after the other attaching a value of 1 to tails and a value of 2 for heads. The values from all three flips …

1. Consider the following four debt securities, which are identical in every cha

1. Consider the following four debt securities, which are identical in every characteristic except as noted: W: A corporate bond rated AAA X: A corporate bond rate BBB Y: A corpor…

1. Consider the following four debt securities, which are identical in every cha

1. Consider the following four debt securities, which are identical in every characteristic except as noted: W: A corporate bond rated AAA X: A corporate bond rate BBB Y: A corpor…

1. Consider the following game between you and your opponent. Your payoffs are l

1. Consider the following game between you and your opponent. Your payoffs are listed first, and your opponent’s payoffs second. At each decision node, you can either take the pay…

1. Consider the following game. There are 21 pennies on a table. You and your op

1. Consider the following game. There are 21 pennies on a table. You and your opponent alternatively rebove the pennies from the table. At each turn, one, two, or three pennies mu…

1. Consider the following information for a simultaneous move game: If you adver

1. Consider the following information for a simultaneous move game: If you advertise and your rival advertises, you each will earn $5 million in profits. If neither of you adverti…

1. Consider the following information for country X: Population 400 million Empl

1. Consider the following information for country X: Population 400 million Employed 240 million Unemployed 12 million Not in the labor force 108 million (a) Calculate the size of…

1. Consider the following information: Marginal Product of Labor Maple Syrup Avo

1. Consider the following information: Marginal Product of Labor Maple Syrup Avocados Canada 12 oz 4 pc Mexico 10 oz 5 pc Which country has absolute advantage in which good? 2. Co…

1. Consider the following innovation game. Firm A must decide whether or not to

1. Consider the following innovation game. Firm A must decide whether or not to introduce a new product. Firm B must decide whether or not to clone firm A's product. If firm A int…

1. Consider the following interest rate swap scenario: notional =$10MM, actual d

1. Consider the following interest rate swap scenario: notional =$10MM, actual days in quarter=92, annualized floating rate = 2.5400%, and annualized fixed rate = 2.5400%. What is…

1. Consider the following normal-form game. 1.Does P1 (player 1) has any dominat

1. Consider the following normal-form game. 1.Does P1 (player 1) has any dominated strategies? 2.Does P2 (player 2) has any dominated strategies? 3.Suppose P2 believes that P1 is …

1. Consider the following optimization problem consisting of two individuals Ann

1. Consider the following optimization problem consisting of two individuals Ann and Bill A and B, two goods commodity X and commodity Y, and two factor inputs labor and capital, …

1. Consider the following potential events that might have taken place at Global

1. Consider the following potential events that might have taken place at Global Con- glomerate on December 27, 2012. For each one, indicate which line items in Global's balance s…

1. Consider the following production functions: ? Y = 10K1/2L1/2 ? Y = 2K + 3L a

1. Consider the following production functions: ? Y = 10K1/2L1/2 ? Y = 2K + 3L a. Fixing labor employment (L) at 16 units, what is the marginal product of capital when capital emp…

1. Consider the following simultaneous move game, where Players 1 and 2 choose b

1. Consider the following simultaneous move game, where Players 1 and 2 choose between actions X or Y Player 2 Player X c.d a,a b.b a. Suppose that the payoffs to the two players …

1. Consider the following statements, based on a positive economic analysis that

1. Consider the following statements, based on a positive economic analysis that assumes that all other things remain constant. For each, list one other thing that might change an…

1. Consider the following table for neighboring nations of Quahog and Pawnee. As

1. Consider the following table for neighboring nations of Quahog and Pawnee. Assume that the opportunity cost of producing each good is constant. Product Quahog Pawnee Meatballs …

1. Consider the following tables for the small country of Westeros. Citizens of

1. Consider the following tables for the small country of Westeros. Citizens of Westeros Name Income Savings Sansa Stark 12750 750 Jon Snow 32250 2250 Jaime Lannister 250000 10000…

1. Consider the following three supply curves. Decide which one represents Smith

1. Consider the following three supply curves. Decide which one represents Smith’s idea of how output evolves in the market for pins and explain why in the box next to the diagram…

1. Consider the following transactions involving the nation of Foxystan. For eac

1. Consider the following transactions involving the nation of Foxystan. For each of the following, determine which transaction would be added to the current GDP of Foxystan. Expl…

1. Consider the following two mutually exclusive investment alternatives: Net Ca

1.       Consider the following two mutually exclusive investment alternatives: Net Cash   Flow End of Year Option A Option B 0 -$4000 -$2000 1 -$500 -$600 2 -$600 -300 3 -$800 -$…

1. Consider the following two projects Project A: Costs $10,000 today. Increases

1. Consider the following two projects Project A: Costs $10,000 today. Increases profit by $4000 next year and $7,200 the year after that Project B: Costs $6000 today. Increases p…

1. Consider the following two projects Project A: Costs $10,000 today. Increases

1. Consider the following two projects Project A: Costs $10,000 today. Increases profit by $4000 next year and $7,200 the year after that Project B: Costs $6000 today. Increases p…

1. Consider the following two projects Project A: Costs $10,000 today. Increases

1. Consider the following two projects Project A: Costs $10,000 today. Increases profit by $4000 next year and $7,200 the year after that Project B: Costs $6000 today. Increases p…

1. Consider the following two projects Project A: Costs $10,000 today. Increases

1. Consider the following two projects Project A: Costs $10,000 today. Increases profit by $4000 next year and $7,200 the year after that Project B: Costs $6000 today. Increases p…

1. Consider the following weekly supply and demand tables for product X: P Qd Qs

1. Consider the following weekly supply and demand tables for product X: P Qd Qs 16 0 35 14 5 30 12 10 25 10 15 20 8 20 15 6 25 10 4 30 5 2 35 0 A. Draw the supply and demand curv…

1. Consider the invention and adoption of the mechanical tomato harvester on the

1. Consider the invention and adoption of the mechanical tomato harvester on the farm labor market. a. Illustrate the expected impact of the invention of the mechanical tomato har…

1. Consider the marginal physical product of labour function. In the area of dim

1. Consider the marginal physical product of labour function. In the area of diminishing returns in production: a) Total output declines with each additional unit of labour input.…

1. Consider the market for SUVs. If the price of gasoline increases by 150% we w

1.         Consider the market for SUVs. If the price of gasoline increases by 150% we would expect the equilibrium price of SUVs to _____ and the equilibrium quantity to _____. a…

1. Consider the market for coffee beans. Suppose that the prices of all other ca

1. Consider the market for coffee beans. Suppose that the prices of all other caffeinated beverages go up 30% while, at the same time, a new fertilizer boosts production at coffee…

1. Consider the market for yachts. The market price of each yacht is $225,000, a

1. Consider the market for yachts. The market price of each yacht is $225,000, and each buyer demands no more than one yacht. Suppose that Rajiv is the only consumer in the yacht …

1. Consider the market of personal computers, what effect could increasing cost

1. Consider the market of personal computers, what effect could increasing cost of electricity have? Quantity supplied decreases. Quantity supplied increases. Supply curve shifts …

1. Consider the model we studied in the lectures. Analyze the effects of the fol

1. Consider the model we studied in the lectures. Analyze the effects of the following events on () interest rate of US, (i) interest rate of EZ and (ii) S/ exchange rate. a. Ther…

1. Consider the problem of a discotheque that operates as a platform monopoly. T

1. Consider the problem of a discotheque that operates as a platform monopoly. This discotheque works as a match maker between men and women. This is, men go to the disco to meet …

1. Consider the simple exchange economy that we talked about in class with only

1. Consider the simple exchange economy that we talked about in class with only two people, Liz and Jack, and only two goods, cupcakes (our "x" good) and microwaves (our "y" good)…

1. Consider the stage game below and suppose it is repeated twice The following

1. Consider the stage game below and suppose it is repeated twice The following strategy profiles are stage Nash equilibria (select all that apply) a. (C,D) b. (B,E) c. (A,D) d. (…

1. Consider the table below showing return and risk for two funds. Mutual Funds

1. Consider the table below showing return and risk for two funds. Mutual Funds Returns Standard Deviation Fund A : Well diversified value fund 9% 17% Fund B: A risk less Fund 3.5…

1. Consider the variant of the collective decision-making described in class in

1. Consider the variant of the collective decision-making described in class in which the chosen policy is the mean of the named policies. Does a player's strategy of naming his/h…

1. Consider the world market for rice, which is characterized by the following s

1. Consider the world market for rice, which is characterized by the following supply and demand curves: Quantity Supplied - Qs = 1.773P - 470 Quantity Demanded - QD = 940 - 0.887…

1. Considering 2 countries, each producing 2 goods, which of the following state

1. Considering 2 countries, each producing 2 goods, which of the following statements about trade is false? a) Countries should specialize in producing the good for which they hav…

1. Considering the value of a financial instrument, the bigger the size of the p

1. Considering the value of a financial instrument, the bigger the size of the promised payment? A. The less valuable the financial instrument because risk must be greater B. The …