Economics

Suppose Ann is working on a project with John. Both must decide whether to put i

Suppose Ann is working on a project with John. Both must decide whether to put into a decent amount of effort into the project. Since Ann is the leader of the project, her contrib…

Suppose Ann is working on a project with John. Both must decide whether to put i

Suppose Ann is working on a project with John. Both must decide whether to put into a decent amount of effort into the project. Since Ann is the leader of the project, her contrib…

Suppose Apple plans to launch a brand new “iPhone 7X” soon, and you are the pers

Suppose Apple plans to launch a brand new “iPhone 7X” soon, and you are the person chosen to arrange auctions to sell the first 100 iPhones 1 week before they go on sale in shops …

Suppose Argentina joins Chile in a free trade agreement. Before the agreement, A

Suppose Argentina joins Chile in a free trade agreement. Before the agreement, Argentina imports 10 million pounds of salmon from Japan at $10 and adds a tariff of $4 on each poun…

Suppose Atlas Publishing, a perfectly competitive firm, currently produces 2,000

Suppose Atlas Publishing, a perfectly competitive firm, currently produces 2,000 maps per day at a total cost of $1,600. At its current level of output, Atlas is producing where t…

Suppose Australia and New Zealand each have 100 acres of land available for farm

Suppose Australia and New Zealand each have 100 acres of land available for farming wheat and cotton. Yields per acre are listed in the following table. a) Which country has compa…

Suppose Australia and New Zealand each have 100 acres of land available for farm

Suppose Australia and New Zealand each have 100 acres of land available for farming wheat and cotton. Yields per acre are listed in the following table. a) Which country has compa…

Suppose Australia is a capital (K)-abundant country, and Sri-Lanka is a labor (L

Suppose Australia is a capital (K)-abundant country, and Sri-Lanka is a labor (L)-abundant country. Both produce labor and capital intensive goods with the same technology. The pr…

Suppose Bank A, which faces a reserve requirement of 10 percent, receives a $1,0

Suppose Bank A, which faces a reserve requirement of 10 percent, receives a $1,000 deposit from a customer. a.Assuming that it wishes to hold no excess reserves, determine how muc…

Suppose Bank A, which faces a reserve requirement of 10 percent, receives a $1,0

Suppose Bank A, which faces a reserve requirement of 10 percent, receives a $1,000 deposit from a customer. a. Assuming that it wishes to hold no excess reserves, determine how mu…

Suppose Bank reserves are 150, the Currency held by the non-bank public is 300,

Suppose Bank reserves are 150, the Currency held by the non-bank public is 300, and banks' desired reserve ratio is 10%. What is M, the Money supply? What is the monetary base? No…

Suppose Best Buy is the only electronics store in a particular market but RadioS

Suppose Best Buy is the only electronics store in a particular market but RadioShack is thinking about entering the market. Best Buy chooses how much to produce first and then Rad…

Suppose Beth earns $500 per week working as work as a flight attendant for Flyaw

Suppose Beth earns $500 per week working as work as a flight attendant for Flyaway Airlines. She uses $10 to have breakfast at Dinah's Diner. Dinah's Diner pays Andrew $375 per we…

Suppose Bill is on a low-carbohydrate diet. He can eat only three foods: Rice Kr

Suppose Bill is on a low-carbohydrate diet. He can eat only three foods: Rice Krispies, cottage cheese, and popcorn. The marginal utilities for each food are tabulated below. Bill…

Suppose Bill is on a low-carbohydrate diet. He can eat only three foods: Rice Kr

Suppose Bill is on a low-carbohydrate diet. He can eat only three foods: Rice Krispies, cottage cheese, and popcorn. The marginal utilities for each food are tabulated below. Bill…

Suppose Bill is on a low-carbohydrate diet. He can eat only three foods: Rice Kr

Suppose Bill is on a low-carbohydrate diet. He can eat only three foods: Rice Krispies, cottage cheese, and popcorn. The marginal utilities for each food are tabulated below. Bill…

Suppose Bob owns and operates a farm, and his utility of wealth function is U(w)

Suppose Bob owns and operates a farm, and his utility of wealth function is U(w) = 15 w. He is concerned that a natural disaster may destroy his crops. If there is no disaster, Bo…

Suppose Bob owns two factories that are located several hundred miles apart. Bob

Suppose Bob owns two factories that are located several hundred miles apart. Bob decides to manage one of the plants himself, and he hires another person to manage the second plan…

Suppose Bobby, the owner-manager of Bobby’s Red Hot BBQ restaurant, projects the

Suppose Bobby, the owner-manager of Bobby’s Red Hot BBQ restaurant, projects the following demand for his Baby Back Rib platter: Price $ Quantity Purchased (per night) 9 110 11 10…

Suppose Bulgaria produces both agricultural and capital goods. The following dia

Suppose Bulgaria produces both agricultural and capital goods. The following diagram shows its current production possibilities frontier (PPF) for corn, an agricultural good, and …

Suppose California has many apple trees, and the price of apples is low. Nevada

Suppose California has many apple trees, and the price of apples is low. Nevada has few apple trees, and pike of apples is high. Abner buss low-priced California apples and ships …

Suppose California has many apple trees, and the price of apples is low. Nevada

Suppose California has many apple trees, and the price of apples is low. Nevada has few apple trees, and pike of apples is high. Abner buss low-priced California apples and ships …

Suppose Cameron earns $80,000 per year but must pay income taxes according to th

Suppose Cameron earns $80,000 per year but must pay income taxes according to the tax schedule given in the table to the right. According to the? chart, the income tax Cameron fac…

Suppose Campus Books, a profit-maximizing firm, is the only supplier of the text

Suppose Campus Books, a profit-maximizing firm, is the only supplier of the textbook for a given class. The marginal cost of supplying each book is constant and equal to $10, and …

Suppose Chen has demand Q = 40 – 2P for streetlights and Abby has the demand Q =

Suppose Chen has demand Q = 40 – 2P for streetlights and Abby has the demand Q = 10 – (1/2)P for streetlights. The cost of building each streetlight is $19. How many streetlights …

Suppose China exports TVs and uses the yeah as its currency, whereas Russia expo

Suppose China exports TVs and uses the yeah as its currency, whereas Russia exports vodka and uses the ruble. China has a stable money supply and slow, steady technological progre…

Suppose China exports TVs and uses the yuan as its currency, whereas Russia expo

Suppose China exports TVs and uses the yuan as its currency, whereas Russia exports vodka and uses the ruble. China has a stable money supply and slow, steady technological progre…

Suppose China exports TVs and uses the yuan as its currency, whereas Russia expo

Suppose China exports TVs and uses the yuan as its currency, whereas Russia exports vodka and uses the ruble. China has a stable money supply and slow, steady technological progre…

Suppose Clifford recently discovers oil in his fields, which greatly excites him

Suppose Clifford recently discovers oil in his fields, which greatly excites him because he can earn a profit of $45.00 per barrel based on present market conditions. Because prod…

Suppose Clive spends all his money on running shoes and (cups of) tea. Clive’s b

Suppose Clive spends all his money on running shoes and (cups of) tea. Clive’s budget is $50 and the price of shoes is $10. The optimal bundle for Clive varies with the price of t…

Suppose Coase\'s Theorem holds in a particular context. The allocation of proper

Suppose Coase's Theorem holds in a particular context. The allocation of property rights with respect to the resulting privately negotiated outcome is analogous to: O The allocati…

Suppose Coase\'s Theorem holds in a particular context. The allocation of proper

Suppose Coase's Theorem holds in a particular context. The allocation of property rights with respect to the resulting privately negotiated outcome is analogous to The allocation …

Suppose Country X\'s production function is given by where Kt is the capital and

Suppose Country X's production function is given by where Kt is the capital and N is the labour which is constant. The evolution of the capital stock is given by KH-(1-5)K. + It w…

Suppose D 0 and S 0 are the initial demand and supply curves for solar electric

Suppose D0 and S0 are the initial demand and supply curves for solar electric panels. P0* and Q0* are respectively the initial equilibrium price and initial equilibrium quantity i…

Suppose D 0 and S 0 are the initial demand and supply curves for tablets. P 0 *

Suppose D0 and S0 are the initial demand and supply curves for tablets. P0* and Q0* are respectively the initial equilibrium price and initial equilibrium quantity in the market f…

Suppose Dave has a certain amount of money to spend on pizza and soda. The graph

Suppose Dave has a certain amount of money to spend on pizza and soda. The graph below shows the amount of pizza and soda he can afford with that amount of money. (Economists call…

Suppose Dennis deposits $750 that he found floating down to the earth from the s

Suppose Dennis deposits $750 that he found floating down to the earth from the sky into the financial system. Assuming a 25% reserve ratio, that all banks lend all excess reserves…

Suppose Dina is an avid reader and buys only comic books. Dina deposits $3,000 i

Suppose Dina is an avid reader and buys only comic books. Dina deposits $3,000 in a bank account that pays an annual nominal interest rate of 10% Assume this interest rate is fixe…

Suppose Disneyland is considering how to price entry into their theme park. They

Suppose Disneyland is considering how to price entry into their theme park. They've decided that in addition to charging an entry fee, they will also charge for rides. That is, Di…

Suppose Dmitri and Frances are playing a game in which both must simultaneously

Suppose Dmitri and Frances are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will e…

Suppose Ecuador and Hongkong negotiate a voluntary export agreement in which Hon

Suppose Ecuador and Hongkong negotiate a voluntary export agreement in which Hongkong imposes on its exporters a quota that limits shipments to Ecuador to 40 computers Assume Taiw…

Suppose Eileen is a cinephile and buys only movie tickets. Eileen deposits $2,00

Suppose Eileen is a cinephile and buys only movie tickets. Eileen deposits $2,000 in a bank account that pays an annual interest rate of 20%. You can assume that this interest rat…

Suppose El Centro California decides to tackle the problem of nitrates in the wa

Suppose El Centro California decides to tackle the problem of nitrates in the water. Nitrates are compounds derived from synthetic fertilizers that are not assimilated by plants a…

Suppose Elon Musk has an existing business making electric bicycles. Sales are s

Suppose Elon Musk has an existing business making electric bicycles. Sales are so strong that he is considering selling his existing factory and replacing it with a new factory.  …

Suppose England uses land, capital, and labor to produce alfalfa and sweaters. L

Suppose England uses land, capital, and labor to produce alfalfa and sweaters. Land is specific to the production of alfalfa, capital is specific to the production of sweaters, an…

Suppose Esmerelda consumes only burlap and doorknobs. Given her income and the o

Suppose Esmerelda consumes only burlap and doorknobs. Given her income and the original prices, pB = $25.99 and pD = $313, she consumed 11 doorknobs and 14 square feet of burlap. …

Suppose Ezra has chosen a combination of two goods, A and B, such that the margi

Suppose Ezra has chosen a combination of two goods, A and B, such that the marginal utility per dollar spent of good A is 2 and the marginal utility per dollar spent of good ? is …

Suppose Fiat recently enetered into an Agreement and Plan of Merger with Case fo

Suppose Fiat recently enetered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five fir…

Suppose Fiberboard Inc. has estimated its log-linear demand function for cardboa

Suppose Fiberboard Inc. has estimated its log-linear demand function for cardboard boxes as: [ln(Boxes)] = 90 – 2.4[ln P] + 1.5[ ln(M)] + 0.3 [ln(Advt)] Where: Boxes is the quanti…

Suppose Fiberboard Inc. has estimated its log-linear demand function for cardboa

Suppose Fiberboard Inc. has estimated its log-linear demand function for cardboard boxes as: [ln(Boxes)] = 90 – 2.4[ln P] + 1.5[ ln(M)] + 0.3 [ln(Advt)] Where:         Boxes is th…