Economics

Suppose Latasha is an avid reader and buys only mystery novels. Latasha deposits

Suppose Latasha is an avid reader and buys only mystery novels. Latasha deposits $2,000 in a bank account that pays an annual interest rate of 20%. You can assume that this intere…

Suppose Liz and Scott are writing a report together. They have 24 hours to do ba

Suppose Liz and Scott are writing a report together. They have 24 hours to do background research. The quality of their research will affect their prospects for raises and promoti…

Suppose Lucia is a sports fan and buys only baseball caps. Lucia deposits $3,000

Suppose Lucia is a sports fan and buys only baseball caps. Lucia deposits $3,000 in a bank account that pays an annual nominal interest rate of 5%. Assume this interest rate is fi…

Suppose M_1 is given by currency plus deposits: M_1 = C + D, and the base is giv

Suppose M_1 is given by currency plus deposits: M_1 = C + D, and the base is given by currency plus reserves: B = C + R. Recall that the base and the money supply are connected by…

Suppose Madeline is an avid reader and buys only mystery novels. Madeline deposi

Suppose Madeline is an avid reader and buys only mystery novels. Madeline deposits $2,000 in a bank account that pays an annual interest rate of 20%. You can assume that this inte…

Suppose Marcy\'s Medical Machines operates in a perfectly competitive market and

Suppose Marcy's Medical Machines operates in a perfectly competitive market and is producing its profit maximizing level of output. Suppose further that at this level of productio…

Suppose Maria\'s preferences for eggs and milk can be described by the following

Suppose Maria's preferences for eggs and milk can be described by the following marginal utility schedules. Both eggs and milk cost $4; Maria has allocated $16 to the purchase of …

Suppose Martin is a risk-averse expected utility maximizer. In contrast, Roberto

Suppose Martin is a risk-averse expected utility maximizer. In contrast, Roberto evaluates gambles according to prosspect theory with (p) = p and a value function that has the thr…

Suppose Mary\'s utility function for two goods X and Y is given by: U(X, Y) = 2X

Suppose Mary's utility function for two goods X and Y is given by: U(X, Y) = 2X1/2Y1/2 Suppose consumption bundle A consists of 10 units of X and 10 units of Y, and consumption bu…

Suppose Megan is a sports fan and buys only baseball caps. Megan deposits $2,000

Suppose Megan is a sports fan and buys only baseball caps. Megan deposits $2,000 in a bank account that pays an annual interest rate of 20%. You can assume that this Interest rate…

Suppose Megan is an avid reader and buys only comic books. Megan deposits $4,000

Suppose Megan is an avid reader and buys only comic books. Megan deposits $4,000 in a bank account that pays an annual nominal interest rate of 10%. Assume this interest rate is f…

Suppose Megan is an avid reader and buys only comic books. Megan deposits $4,000

Suppose Megan is an avid reader and buys only comic books. Megan deposits $4,000 in a bank account that pays an annual nominal interest rate of 10%. Assume this interest rate is f…

Suppose Michael purchases only two goods, hamburgers (H) and Cokes (C). a) What

Suppose Michael purchases only two goods, hamburgers (H) and Cokes (C). a) What is the relationship between MRS H,C and the marginal utilities MU H and MU C ? b) What is a typical…

Suppose Microsoft and Celera are considering a joint venture to use con- sumers\

Suppose Microsoft and Celera are considering a joint venture to use con- sumers' genetic fingerprints as license keys for software registration. How ever, in a joint venture there…

Suppose Mike is earning (period 1) $100 per week as he is working part time . He

Suppose Mike is earning (period 1) $100 per week as he is working part time . He will earn $154 per week after he graduates and work full-time (period2). He can borrow and lend at…

Suppose Mona runs a small cake business from her kitchen (using a small electric

Suppose Mona runs a small cake business from her kitchen (using a small electric oven). She faces an inverse demand of P = 100 Q/2 for her cakes. Her cost of baking Q cakes is C(Q…

Suppose Natasha consumes two goods: good 1 and good 2. Last year, the price of g

Suppose Natasha consumes two goods: good 1 and good 2. Last year, the price of good 1 was $2.00 and the price of good 2 was $3.20. Given these prices, Natasha maximized satisfacti…

Suppose Natasha currently makes $60,000 per year working as a manager at a cable

Suppose Natasha currently makes $60,000 per year working as a manager at a cable TV company. She then develops two possible entrepreneurial business opportunities. In one, she wil…

Suppose Natasha currently makes $80,000 per year working as a manager at a cable

Suppose Natasha currently makes $80,000 per year working as a manager at a cable TV company. She then develops two possible entrepreneurial business opportunities. In one, she wil…

Suppose Nation A imposes a 100% tariff on oranges. c)How much is the tariff reve

Suppose Nation A imposes a 100% tariff on oranges. c)How much is the tariff revenue (in dollars)? Suppose instead that Nation A decides to impose an import quota of 30 oranges. d)…

Suppose News Corporation shares have a beta of 1 .67, whereas CBA shares have a

Suppose News Corporation shares have a beta of 1 .67, whereas CBA shares have a beta of 0.79. If the risk-free interest rate is 3.8% and the expected return of the market portfoli…

Suppose News Corporation shares have a beta of 1.77,whereas CBA shares have a be

Suppose News Corporation shares have a beta of 1.77,whereas CBA shares have a beta of 0.88.If the? risk-free interest rate is 3.7 % and the expected return of the market portfolio…

Suppose Nike and Adidas spend enormous sums of money every year to promote their

Suppose Nike and Adidas spend enormous sums of money every year to promote their athletic wear, hoping to steal customers from each other. Furthermore, assume each year they have …

Suppose Noah and Naomi have just acquired a second garden bench production plant

Suppose Noah and Naomi have just acquired a second garden bench production plant. Production costs are C1(Q1) = 6(Q1)2 at plant 1 and C2(Q2) = 2(Q2)2 at plant 2, where Q1 and Q2 a…

Suppose OPEC has only two producers, Saudi Arabia and Nigeria. Saudi Arabia has

Suppose OPEC has only two producers, Saudi Arabia and Nigeria. Saudi Arabia has far more oil reserves and is the lower cost producer compared to Nigeria. The payoff matrix in the …

Suppose OPEC has only two producers, Saudi.Arabia and Nigeria. Saudi.Arabia has

Suppose OPEC has only two producers, Saudi.Arabia and Nigeria. Saudi.Arabia has far more oil reserves and is the lower cost producer compared to Nigeria. The payoff matrix in the …

Suppose OPEC members met and decided to their oil production (and thus lower pri

Suppose OPEC members met and decided to their oil production (and thus lower prices) for six months This change writ cause many firms prices in the U.S. to This change in input pr…

Suppose OS software market is monopoly and Microsoft is the only one OS seller.

Suppose OS software market is monopoly and Microsoft is the only one OS seller. On the other hand, the software retailing market is perfectly competitive market and Best Buy is on…

Suppose P = 20 ? 2Q is the market demand function for a local monopoly. The marg

Suppose P = 20 ? 2Q is the market demand function for a local monopoly. The marginal cost is 2Q. The firm currently uses a standard pricing strategy. Which of the following will a…

Suppose Paolo and Sharon are playing a game in which both must simultaneously ch

Suppose Paolo and Sharon 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 ear…

Suppose Paul\'s utility depends on the amount of time spent playing on the Inter

Suppose Paul's utility depends on the amount of time spent playing on the Internet (x) and the amount of time playing video games (y), and his utility function is U(x,y)= 3x0.2y0.…

Suppose Peuzo produced 400 of its popular new city car in the fourth quarter of

Suppose Peuzo produced 400 of its popular new city car in the fourth quarter of 2014. Peuzo has two production costs: labor and intermediate goods. Peuzo pays its workers S30 per …

Suppose Philips and Toshiba are the first companies to introduce digital versati

Suppose Philips and Toshiba are the first companies to introduce digital versatile disk (DVD) machines to the market. Studies by the firms suggest that consumers who purchase cons…

Suppose Poland produces only camcorders and trucks. The resources that are used

Suppose Poland produces only camcorders and trucks. The resources that are used in the production of these two goods are specialized-that is, some inputs are more suitable for pro…

Suppose Poornima earns $850 per week working as a jewelry appraiser for Classy\'

Suppose Poornima earns $850 per week working as a jewelry appraiser for Classy's Jewelry Store. She uses $9 to order a mojito cocktail at Little Havana. Little Havana pays Manuel …

Suppose Powers Ltd. just issued a dividend of $1.20 per share on its common stoc

Suppose Powers Ltd. just issued a dividend of $1.20 per share on its common stock. The company paid dividends of $.85, $.92, $.99, and $1.09 per share in the last four years. If t…

Suppose Proctor? & Gamble? (P&G) is considering purchasing $15 million in new ma

Suppose Proctor? & Gamble? (P&G) is considering purchasing $15 million in new manufacturing equipment. If it purchases the? equipment, it will depreciate it for tax purpos…

Suppose Proctor? & Gamble? (P&G) is considering purchasing $15 million in new ma

Suppose Proctor? & Gamble? (P&G) is considering purchasing $15 million in new manufacturing equipment. If it purchases the? equipment, it will depreciate it for tax purpos…

Suppose Proctor? & Gamble? (P&G) is considering purchasing $17million in new man

Suppose Proctor? & Gamble? (P&G) is considering purchasing $17million in new manufacturing equipment. If it purchases the? equipment, it will depreciate it for tax purpose…

Suppose Puerto Rico and Hawaii currently have the same production possibilities

Suppose Puerto Rico and Hawaii currently have the same production possibilities so that the figure is the PPF for hotels and consumption goods in the two areas. Hotels are a capit…

Suppose Ralph has a chicken processing plant with the total cost function shown

Suppose Ralph has a chicken processing plant with the total cost function shown in the accopmanying table uantity of Chickens 800 1,000 1,200 1,400 1,500 1600 1,800 2,000 2,400 Wh…

Suppose Ralph runs a small business that manufactures shirts. Assume that the ma

Suppose Ralph runs a small business that manufactures shirts. Assume that the market for shirts is a perfectly competitive market and the market price is $25 per shirt. The follow…

Suppose Rupert can specialize and produce either 50 fish and 0 bottles of w ater

Suppose Rupert can specialize and produce either 50 fish and 0 bottles of w ater , or 0 fish and 25 bottles of w ater ; and Russell can produce 15 fish and 0 bottles of w ater , o…

Suppose Ryan is a firm owner, who has 4 potential projects with the cash flow la

Suppose Ryan is a firm owner, who has 4 potential projects with the cash flow layout in the following table. A negative cash flow represents the cost he has to pay out of pocket, …

Suppose Sam has the opportunity for a treatment that will extend his life by one

Suppose Sam has the opportunity for a treatment that will extend his life by one year with a probability of 0.62 by two years with a probability of 0.53, and three years with a pr…

Suppose Scotland goes from being an isolated country to beingan exporter of wool

Suppose Scotland goes from being an isolated country to beingan exporter of wool. As a result, a. consumer suplus of Scottish consumers of woolincreases. b. producer surplus of Sc…

Suppose Senator Big Government seizes control of the federal government and nati

Suppose Senator Big Government seizes control of the federal government and nationalizes the health care market. As one of his signature proposals to improve the quality of medica…

Suppose Senator Johnson is a major supporter of customer\'s rights. He feels str

Suppose Senator Johnson is a major supporter of customer's rights. He feels strongly that monopolies exploit customers. Because of this, he argues that they should be punished. As…

Suppose Shiva has preferences, as indicated by the following: If he consumes mor

Suppose Shiva has preferences, as indicated by the following: If he consumes more milk (M) than bread (B), then he will always be willing to give up 2 units of milk for 1 addition…

Suppose Silverado Golf Club in the previous problem also has a second group of 1

Suppose Silverado Golf Club in the previous problem also has a second group of 140 identical golfers, weekend players, who wish to play at the club. The demand for rounds of golf …