Economics

Scenarie 17-3 Updates R Some apps Consider two countrics, Kinglandia and Rovinas

Scenarie 17-3 Updates R Some apps Consider two countrics, Kinglandia and Rovinastan, that are engagod in an arms race Each country must decide whether to build new weapons or to d…

Scenario 1 (length: as needed) A cupcake store is located in a mall and is the o

Scenario 1 (length: as needed)A cupcake store is located in a mall and is the only cupcake store in that mall.  The demand schedule for cupcakes (per dozen) is given in the table …

Scenario 1 (length: as needed) Suppose the market for a certain pharmaceutical d

Scenario 1 (length: as needed) Suppose the market for a certain pharmaceutical drug consists of domestic (United States) consumers and foreign consumers. The drug's marginal cost …

Scenario 1 Acid Whey: The Less Delicious By product of The Greek Yogurt Boom Gre

Scenario 1 Acid Whey: The Less Delicious By product of The Greek Yogurt Boom Greek yogurt is a delicious dairy product that’s produced by taking regular yogurt and straining it to…

Scenario 1 In a marketing research project, a major supermarket wants to study t

Scenario 1 In a marketing research project, a major supermarket wants to study the relationship between the annual consumption of ramen noodles (Y , in number of packs) and the an…

Scenario 1 Suppose you and a friend are stranded on an island and must gather fi

Scenario 1 Suppose you and a friend are stranded on an island and must gather firewood and catch fish to survive. Through experience, you know that if each of you spends an entire…

Scenario 1 The United States can produce 20 planes. France can produce 12 planes

Scenario 1 The United States can produce 20 planes. France can produce 12 planes. Scenario 2 Koreans can produce 3 cars or 9 motorcycles. Germany can produce 4 cars or 8 Motorcycl…

Scenario 10-2 The demand curve for restored historic buildings slopes downward a

Scenario 10-2 The demand curve for restored historic buildings slopes downward and the supply curve for restored historic buildings slopes upward. The production of the 50th resto…

Scenario 11-1 CANOES-R-US makes canoes. It buys the shell of the canoe from anot

Scenario 11-1 CANOES-R-US makes canoes. It buys the shell of the canoe from another firm for $300 and uses its labor and intermediate goods to make the canoe. It sells the finishe…

Scenario 14-1 As part of an estate settlement Mary received $1 mi llion. She dec

Scenario 14-1 As part of an estate settlement Mary received $1 mi llion. She decided to use the money to purchase a small business in Anywhere, USA. If Mary would have invested th…

Scenario 14-1 As part of an estate settlement Mary received $1 million. She deci

Scenario 14-1 As part of an estate settlement Mary received $1 million. She decided to use the money to purchase a small business in Anywhere, USA. If Mary would have invested the…

Scenario 17-2 Imagine that hwo oll cong any dills one well each sil get har of t

Scenario 17-2 Imagine that hwo oll cong any dills one well each sil get har of the oil and earn a S20 milion peent S4 milion e:n enue X percent of the total revenue $4 milion in c…

Scenario 17-2 Imagine that two oil companies, BQ and Exxoff, own adjacent oil fi

Scenario 17-2 Imagine that two oil companies, BQ and Exxoff, own adjacent oil fields. Under the fields is a common pool of oil worth $144 million Drilling a well to recover oil co…

Scenario 17-4. Consider two cigarette companies, PM Inc. and Brown Inc. If neith

Scenario 17-4. Consider two cigarette companies, PM Inc. and Brown Inc. If neither company advertises, the two companies split the market and earn S50 million each. If they both a…

Scenario 19-2 Travis, a student at a community college, is considering what hesh

Scenario 19-2 Travis, a student at a community college, is considering what heshould do for summer employment. Two recruiters show up at hisschool in search of summer workers. Rec…

Scenario 1: Assume that demand increases as projected by the FAO. This would lea

Scenario 1: Assume that demand increases as projected by the FAO. This would lead to a 60% increase in demand from 2010 to 2050. Another conventional assumption is that land area …

Scenario 1: Assume that the government imposed a price ceiling on gasoline in or

Scenario 1: Assume that the government imposed a price ceiling on gasoline in order to prevent prices from getting too high. What are the economic implications of this action in t…

Scenario 1: Assume that the government imposed a price ceiling on gasoline in or

Scenario 1: Assume that the government imposed a price ceiling on gasoline in order to prevent prices from getting too high. What are the economic implications of this action in t…

Scenario 1: Some agencies authorize companies to test products, provide the data

Scenario 1: Some agencies authorize companies to test products, provide the data to the agency, and ship the product bearing the agency mark. The company's capability has been eva…

Scenario 1: Suppose savers either buy bonds or make deposits in savings accounts

Scenario 1: Suppose savers either buy bonds or make deposits in savings accounts at banks. Initially, the interest income earned on bonds or deposits is taxed at a rate of 20%. No…

Scenario 2 (3 points): Let\'s consider a country\'s market for solar panels. Con

Scenario 2 (3 points): Let's consider a country's market for solar panels. Consider two different possible demand curves P) Price (8) Quantity Quantity 1. Which of the demand curv…

Scenario 2 (length: as needed) Apple (relatively) recently introduced different

Scenario 2 (length: as needed) Apple (relatively) recently introduced different "versions" of the iPhone and iPad-in particular, currently Apple sells four versions of the iPad (i…

Scenario 2 (length: as needed)? Assume that the drug company can negotiate with

Scenario 2 (length: as needed)?Assume that the drug company can negotiate with the US and foreign government(s) and thus tries to implement the two-tier pricing scheme that was de…

Scenario 2 A monopoly firm maximizes its profit by producing Q = 500 units of ou

Scenario 2 A monopoly firm maximizes its profit by producing Q = 500 units of output. At that level of output, its marginal revenue is $30, its average revenue is $60, and its ave…

Scenario 2.2 Suppose the domestic supply(Qs) and demand(Qd) for MP3 players in t

Scenario 2.2 Suppose the domestic supply(Qs) and demand(Qd) for MP3 players in the UNited States are given by the folowing set of equations. Qs= -25 + 10p Qd= 875 -5p 1. Refer to …

Scenario 20.1 Suppose labor productivity differences are the only determinants o

Scenario 20.1 Suppose labor productivity differences are the only determinants of comparative advantage, and Brazil and Chile both produce only coffee and sugar. In Chile, either …

Scenario 20.1 Suppose labor productivity differences are the only determinants o

Scenario 20.1 Suppose labor productivity differences are the only determinants of comparative advantage, and Brazil and Chile both produce only coffee and sugar. In Chile, either …

Scenario 20.1 Suppose labor productivity differences are the only determinants o

Scenario 20.1 Suppose labor productivity differences are the only determinants of comparative advantage, and Brazil and Chile both produce only coffee and sugar. In Chile, either …

Scenario 29-2. The Monetary Policy of Tazi is controlled by the country’s centra

Scenario 29-2. The Monetary Policy of Tazi is controlled by the country’s central bank known as the Bank of Tazi. The local unit of currency is the taz. Aggregate banking statisti…

Scenario 3 (length: 0.5 - 1 page) Suppose you are the main negotiator between yo

Scenario 3 (length: 0.5 - 1 page) Suppose you are the main negotiator between your company and retailers carrying your company's line of dairy products. Your company is attempting…

Scenario 3 (length: as needed) Suppose the hotel in the lecture example raised i

Scenario 3 (length: as needed) Suppose the hotel in the lecture example raised its price from $30 to $30.50. With the new price, the hotel expects 96 guests to arrive 5% of the ti…

Scenario 34-2. The following facts apply to a small, imaginary economy. Consumpt

Scenario 34-2. The following facts apply to a small, imaginary economy. Consumption spending is S6,720 when income is $8,000. Consumption spending is S7,040 when income is $8,500.…

Scenario 3a The Perfectly Competitive Market In a perfectly competitive market,

Scenario 3a The Perfectly Competitive Market In a perfectly competitive market, market demand is given by PE 81-20 and market supply is P 6Q + 1. Each firm has short run marginal …

Scenario 4 (length: as needed) You are in charge of setting the optimal price fo

Scenario 4 (length: as needed) You are in charge of setting the optimal price for tickets for a local hockey team. The demand schedule for hockey tickets is below: Price Quantity …

Scenario 4-2: Production of Wheat and Toys Below is information regarding Countr

Scenario 4-2: Production of Wheat and Toys Below is information regarding Countries A and B's production of two goods, wheat and toys. Wheat Toys Country A 50 100 Country B 25 75 …

Scenario 4: The following table contains data for a hypothetical open economy. T

Scenario 4: The following table contains data for a hypothetical open economy. The amount of investment spending is unknown. GDP $8,000 Consumption (C) $4,000 Government spending …

Scenario 4: The following table contains data for a hypothetical open economy. T

Scenario 4: The following table contains data for a hypothetical open economy. The amount of investment spending is unknown.     GDP $8,000                         Consumption (C)…

Scenario 4: The following table contains data for a hypothetical open economy. T

Scenario 4: The following table contains data for a hypothetical open economy. The amount of investment spending is unknown. GDP $8,000 Consumption (C) $4,000 Government spending …

Scenario 4: The following table contains data for a hypothetical open economy. T

Scenario 4: The following table contains data for a hypothetical open economy. The amount of investment spending is unknown. GDP $8,000 Consumption (C) $4,000 Government spending …

Scenario 5 Bad Luck S5000 $7000 Good Luck $7000 $13000 Low Effort (e-0) High Eff

Scenario 5 Bad Luck S5000 $7000 Good Luck $7000 $13000 Low Effort (e-0) High Effort (e-1) 17. Scenario 5, above, describes the income that can be achieved by workers selling a pro…

Scenario 8.1: Ana used to work for a Advertising agency where she earned a yearl

Scenario 8.1: Ana used to work for a Advertising agency where she earned a yearly salary of $60,000. She got tired of working for another company so she opened his own Advertising…

Scenario B: So you decide to inject $100 billion in reserves via open market pur

Scenario B: So you decide to inject $100 billion in reserves via open market purchases with phone in hand. Recall, the Chair said to watch that multiplier and so you start making …

Scenario Bundling 1 : Konon Company produces both digital camera and photo print

Scenario Bundling 1 : Konon Company produces both digital camera and photo printers. The marginal cost for a digital camera is 120 and the marginal cost for a photo printer is 80.…

Scenario Currency. $1000 Checking Account balance. $2000 Savings Account Balance

Scenario Currency. $1000 Checking Account balance. $2000 Savings Account Balance. $5000 Small Denomination Time Deposits. $6000 Non Institutional Money Market Fund Shares. $7000 M…

Scenario Imagine that a group of advisors to the president has suggested providi

Scenario Imagine that a group of advisors to the president has suggested providing a tax cut for the middle class in order to stimulate the economy and reduce unemployment. The pr…

Scenario Summary Please Just Turn This Thing Off! A nursing assistant wheels Mar

Scenario Summary Please Just Turn This Thing Off! A nursing assistant wheels Margie Whitson back to her room at Golden Oaks Rehabilitation Center and helps her back into bed. Gold…

Scenario or background: Different macroeconomic indicators will affect different

Scenario or background: Different macroeconomic indicators will affect different industries in various ways. For example, lower interest rates will likely help the auto and housin…

Scenario or background: You are a manufacturing company based in the U.S. Your c

Scenario or background: You are a manufacturing company based in the U.S. Your customer base is located domestically, as is your entire supply and distribution chain. While workin…

Scenario: A monopolist can sell 14,000 units at a price of $100perunit Lowering

Scenario: A monopolist can sell 14,000 units at a price of $100perunit Lowering priceby $1 raises the quantity -10. How do oligopolies differ from all oth industry suuAWes? demand…

Scenario: A purchase of IBM stock. Instructions: A) Does the scenario provided c

Scenario: A purchase of IBM stock. Instructions: A) Does the scenario provided count toward the GDP (yes or no)? B) If you answered “YES” for part A: Under which component or comp…