Economics

Suppose Firm 1, Firm 2, and Firm 3 are the only three firms interested in a lot

Suppose Firm 1, Firm 2, and Firm 3 are the only three firms interested in a lot at the corner of First Street and Glendon Way. The lot is being auctioned by a second-price sealed-…

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank al

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The ured reserve ratio is 5%. Clancy, a client of First Main Treasury …

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank al

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 5%. The Federal Reserve buys a governmen…

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank al

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 20%. The Federal Reserve buys a governme…

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank al

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 10%. The Federal Reserve buys a governme…

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank al

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 20%. The Federal Reserve buys a governme…

Suppose First Main Street Bank, Second republic bank, and third fedelity bank al

Suppose First Main Street Bank, Second republic bank, and third fedelity bank all have excess reserves. The required ratio is 25%. The Federal Reserve buys a government bond worth…

Suppose First Main Street Bank, Second republic bank, and third fidelity bank al

Suppose First Main Street Bank, Second republic bank, and third fidelity bank all have excess reserves. The required ratio is 25%. The Federal Reserve buys a government bond worth…

Suppose First Main Street bank, Second Republic Bank, and Third Fidelity Bank al

Suppose First Main Street bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 5%. The Federal Reserve buys a governmen…

Suppose First National Bank holds $100 million in assets with an average duratio

Suppose First National Bank holds $100 million in assets with an average duration of 4 years, and it holds $85 million in liabilities with an average duration of 3 years. Further …

Suppose Ford and Honda are considering making electric powered cars. Their payof

Suppose Ford and Honda are considering making electric powered cars. Their payoffs are in the table below and follow the same pattern as the previous problem. A. If Ford and Honda…

Suppose Ford and Honda are considering making electric powered cars. Their payof

Suppose Ford and Honda are considering making electric powered cars. Their payoffs are in the table below and follow the same pattern as the previous problem. A. If Ford and Honda…

Suppose Ford and Honda are considering making electric powered cars. Their payof

Suppose Ford and Honda are considering making electric powered cars. Their payoffs are in the table below and follow the same pattern as the previous problem. Ford Enter Do not en…

Suppose France and Portugal produce only cloth and wine. Assume that each countr

Suppose France and Portugal produce only cloth and wine. Assume that each country uses only labor to produce each good and that the cloth and wine made in France and Portugal are …

Suppose France can produce 9,000 potatoes or 3,000 lemons per day, and that Ital

Suppose France can produce 9,000 potatoes or 3,000 lemons per day, and that Italy can produce 3,000 potatoes or 3,000 lemons per day. Which of the following statements in this con…

Suppose France can produce 9,000 potatoes or 3,000 lemons per day, and that Ital

Suppose France can produce 9,000 potatoes or 3,000 lemons per day, and that Italy can produce 3,000 potatoes or 3,000 lemons per day. Which of the following statements in this con…

Suppose Fred and Barney have different time discount rates. There are two period

Suppose Fred and Barney have different time discount rates. There are two periods of life: “young”, and “old”. Fred’s present value of receiving a dollar next period is given by $…

Suppose GDP can be described by the following process: GDP_t = GDP_t - 1 + epsil

Suppose GDP can be described by the following process: GDP_t = GDP_t - 1 + epsilon_t What is this process called? Is this process covariance covariance stationary? If not, which c…

Suppose GDP grows from $1000 in 1990 to $1100 in 1995 and $1200 in 2000. Then a.

Suppose GDP grows from $1000 in 1990 to $1100 in 1995 and $1200 in 2000. Then a.) The average growth rate is 1.8%, and the rate is steady over the decade. b.) The average growth r…

Suppose GDP in this country is $1,540 million. Enter the amount for consumption

Suppose GDP in this country is $1,540 million. Enter the amount for consumption National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) …

Suppose GDP in this country is $1,540 million. Enter the amount for government p

Suppose GDP in this country is $1,540 million. Enter the amount for government purchases Value National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) C…

Suppose Gail\'s bakery has a short-run, Gail\'s bakery is a price taker and she

Suppose Gail's bakery has a short-run, Gail's bakery is a price taker and she profits. 15)su e of output, labor the firm will hire when it minimizes the cost to producding 50 unit…

Suppose General Motors buys $50 million worth of tires from Goodyear in November

Suppose General Motors buys $50 million worth of tires from Goodyear in November of 2006 for use in its Saturn line of cars. Of these tires, $20 million are put into car that are …

Suppose Ginny is a cinephile and buys only movie tickets. Ginny deposits $2,000

Suppose Ginny is a cinephile and buys only movie tickets. Ginny deposits $2,000 in a bank account that pays an annual nominal interest rate of 15%. Assume this interest rate is fi…

Suppose Haya has 120 of income left each week after Suppose Haya has $120 of inc

Suppose Haya has 120 of income left each week after Suppose Haya has $120 of income left each week after she pays her bills and puts some money away in a savings account, and she …

Suppose Heather has preferences over pizza (good 1) and beer (good 2) represente

Suppose Heather has preferences over pizza (good 1) and beer (good 2) represented by the utility function u = x1 x2. Suppose her husband, Rob, also has preferences which can be re…

Suppose Home and Foreign are engaged in free trade (no tariffs in place). With t

Suppose Home and Foreign are engaged in free trade (no tariffs in place). With the aid of diagrams for the Home, Foreign and World markets, illustrate the free trade equilibrium. …

Suppose Home is a small exporter of wheat, engaged in free trade. Now suppose th

Suppose Home is a small exporter of wheat, engaged in free trade. Now suppose the Home government decides to support its domestic producers with an export subsidy s (and a matchin…

Suppose Hubert and Kate are playing a game in which both must simultaneously cho

Suppose Hubert and Kate 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 earn…

Suppose I have 20 years of monthly data on revenue for my firm. This is the only

Suppose I have 20 years of monthly data on revenue for my firm. This is the only variable I have data for on my firm. It looks like my revenue grows over time. The growth trend do…

Suppose I own a car company that uses both people and robots to produce cars. Re

Suppose I own a car company that uses both people and robots to produce cars. Recently, the cost of robots increased substantially. Using the MES (Math, Explanation, Story) framew…

Suppose I start out with the following regression: Wage = Bo + | Education + 2Ag

Suppose I start out with the following regression: Wage = Bo + | Education + 2Age + 3Agee 1. If I added a dummy variable for female to the regression, how would do you think that …

Suppose Investa Inc. decided to invest 45 billion dollars in developing and laun

Suppose Investa Inc. decided to invest 45 billion dollars in developing and launching a new model of its digital camera, expecting that it will bring additional sales of 60 billio…

Suppose Island Bikes, a profit-maximizing firm, is the only bike rental company

Suppose Island Bikes, a profit-maximizing firm, is the only bike rental company in a small resort town. The marginal cost to Island Bikes of renting out a bike is $3, and Island B…

Suppose Jake would like to invest $3,000 of his savings. One way of investing is

Suppose Jake would like to invest $3,000 of his savings. One way of investing is to purchase stock or bonds from a private company. Suppose RoboTroid, a robotics firm, is selling …

Suppose Jamacia trades in sugar and steel with other countries such as Canada, M

Suppose Jamacia trades in sugar and steel with other countries such as Canada, Mexico, and the U.S. Use the following data for the sugar and steel sector of Jamaica. Sugar: Sales …

Suppose Jan and Tina decide to start a small business selling turquoise belts in

Suppose Jan and Tina decide to start a small business selling turquoise belts in Miami International Airport. To get into the business they need to invest in a fancy push cart. Th…

Suppose Janet is a cinephile and buys only movie tickets. Janet deposits $2,000

Suppose Janet is a cinephile and buys only movie tickets. Janet deposits $2,000 in a bank account that pays an annual nominal interest rate of 15%. Assume this interest rate is fi…

Suppose Jeff’s demand curve for coffee is Q=5 - P, for P 5 . Suppose that the su

Suppose Jeff’s demand curve for coffee is Q=5 - P, for P 5 . Suppose that the supply curve for coffee at Sarbucks is Q= 4P -5, for P $1.25 Price QD QS Surplus/(Shortage) Effect on…

Suppose Jesse is deciding between three different menu items at an Italian resta

Suppose Jesse is deciding between three different menu items at an Italian restaurant: lasagna, pizza, and ravioli. She decides that her favorite choice of the three is ravioli, w…

Suppose John and Wayne are the only two demanders of cowboy movies. Each month,

Suppose John and Wayne are the only two demanders of cowboy movies. Each month, John buys six cowboy movies when the price is $10 each, and he buys four cowboy movies when the pri…

Suppose Juan’s preferences over goods X and Y can be expressed by the utility fu

Suppose Juan’s preferences over goods X and Y can be expressed by the utility function U (X, Y ) = 2X + Y , while Charlie’s preferences can be expressed by the utility function U …

Suppose Kansas had a severe ice storm that caused electrical blackouts The Ficti

Suppose Kansas had a severe ice storm that caused electrical blackouts The Fictitious Portable Generator firm of Lawrence had several portable generators that could be used by hom…

Suppose Kate earns $875 per week working as jewelry appraiser for Classy\'s Jewe

Suppose Kate earns $875 per week working as jewelry appraiser for Classy's Jewelry Store. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Hubert $…

Suppose Kate has an allowance of $36 to spend on sundaes and other goods each mo

Suppose Kate has an allowance of $36 to spend on sundaes and other goods each month (represented by budget constraint BC). The following graph shows her initial utility (U1) at po…

Suppose Katie, Kendra, and Kristen each purchase a particular type of cell phone

Suppose Katie, Kendra, and Kristen each purchase a particular type of cell phone at a price of $80. Kate's willingness to pay was $100, Kendra's willingness to pay was $95, and Kr…

Suppose Ken is a huge lover of chicken fingers, and assume that he stays alive a

Suppose Ken is a huge lover of chicken fingers, and assume that he stays alive after eating 100 fingers. Despite those facts, he would never eat 100 fingers for one meal. What is …

Suppose Kittyville\'s full-employment GDP = $600 billion, and the current equili

Suppose Kittyville's full-employment GDP = $600 billion, and the current equilibrium GDP = $400 billion. The MPC in this economy = 0.90. Identify the type of expenditure gap in Ki…

Suppose Krazy Kokonut is the sole producer of coconut wine on the island of Some

Suppose Krazy Kokonut is the sole producer of coconut wine on the island of Somewhere. The inverse demand function for KK wine is: P = 1000 - 1Q - .2 I, where P is price per bottl…

Suppose Latasha earns $650 per week working as an analyst for A-Plus Accountants

Suppose Latasha earns $650 per week working as an analyst for A-Plus Accountants. She uses $10 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Jake $350 per w…