Economics

Suppose a business firm dumps its used car batteries into the Mississippi River.

Suppose a business firm dumps its used car batteries into the Mississippi River. The company's actions constitute an external cost. The company's actions constitute an external be…

Suppose a business has invested $10 million in computers that can be used to des

Suppose a business has invested $10 million in computers that can be used to design a new product. The computers can be sold and used in an alternative production process for a ma…

Suppose a caffeine-deprived man needs to wake up. Suppose his preferences on a d

Suppose a caffeine-deprived man needs to wake up. Suppose his preferences on a day can be described by U=3*coffee+2*tea. If the price of coffee is $4 and the price of tea is $1. H…

Suppose a certain good (e.g., wheat) can only be sold at a central market place

Suppose a certain good (e.g., wheat) can only be sold at a central market place M. All producers that do not produce it at M need to haul it there and will incur transportation co…

Suppose a certain mutual fund has an annual rate of return that is approximately

Suppose a certain mutual fund has an annual rate of return that is approximately normally distributed with mean 10 percent and standard deviation 4 percent. The probability that t…

Suppose a certain opthalmic trait is associated with eye color. 300 randomly sel

Suppose a certain opthalmic trait is associated with eye color. 300 randomly selected individuals are studied with results as follows: EYE COLOR TRAIT | Blue | Brown | Other | Tot…

Suppose a closed economy. Chili and chili sauce are the only things produced in

Suppose a closed economy. Chili and chili sauce are the only things produced in the economy. The government collects $2,000 of tax from consumers, $5,000 from the chili farm and $…

Suppose a closed economy. Chili and chili sauce are the only things produced in

Suppose a closed economy. Chili and chili sauce are the only things produced in the economy. The government collects $2,000 of tax from consumers, $5,000 from the chili farm and $…

Suppose a closed economy. Chili and chili sauce are the only things produced in

Suppose a closed economy. Chili and chili sauce are the only things produced in the economy. The government collects $2,000 of tax from consumers, $5,000 from the chili farm and $…

Suppose a college increases the wages paid to student employees. Which of the fo

Suppose a college increases the wages paid to student employees. Which of the following options is the best description of the most likely effect of the wage increases on the mark…

Suppose a college increases the wages paid to student employees. Which of the fo

Suppose a college increases the wages paid to student employees. Which of the following options is the best description of the most likely effect of the wage increases on the mark…

Suppose a community could spend $3,000 on a levee that would decrease the probab

Suppose a community could spend $3,000 on a levee that would decrease the probability of flooding in a three-house neighborhood from 3% to 2%. A flood would destroy all three hous…

Suppose a company currently pays an annual dividend of $2.96 on its common stock

Suppose a company currently pays an annual dividend of $2.96 on its common stock in a single installment, and management plans on raising this dividend by 4% per year indefinitely…

Suppose a company has a monopoly on a game called Monopoly and faces a demand cu

Suppose a company has a monopoly on a game called Monopoly and faces a demand curve given by Qt = 100-P and a marginal revenue function given by MR = 100 - 2QT where QT equals the…

Suppose a company incurs the following costs: labor, $600;equipment, $200; and m

Suppose a company incurs the following costs: labor, $600;equipment, $200; and materials, $100. The company owns the building, so it doesn't have to pa theusual $800 in rent. a) W…

Suppose a company owns two plants, plant A and plant B. The total cost functions

Suppose a company owns two plants, plant A and plant B. The total cost functions are as follows: Plant A: TCA = 5qA + 0.1qA2 Plant B: TCB = 5qB + 0.2qB2 1. Suppose that the compan…

Suppose a competitive firm can sell its output for $7 per unit. The following ta

Suppose a competitive firm can sell its output for $7 per unit. The following table gives the firm’s short run production function. Labor Output 0 0 1 15 2 40 3 70 4 86 5 94 6 98 …

Suppose a competitive firm faces a short-run profit maximization problem. Specif

Suppose a competitive firm faces a short-run profit maximization problem. Specifically it has the production function f(x_1,x_2) = x^1/2_1 x^1/2_2 and input 2 is fixed at x_2 = 16…

Suppose a competitive firm has as its total cost function: TC 21 +3q Suppose the

Suppose a competitive firm has as its total cost function: TC 21 +3q Suppose the fim's output can be sold (in integer units) at $71 per unit. Using calculus and formulas (but no t…

Suppose a competitive firm has as its total cost function: TC=25+3q2 Suppose the

Suppose a competitive firm has as its total cost function: TC=25+3q2 Suppose the firm's output can be sold (in integer units) at $54 per unit. Using calculus and formulas (but no …

Suppose a competitive firm previously set its price at $20 per unit to maximize

Suppose a competitive firm previously set its price at $20 per unit to maximize its profit, which had been positive. Then the market price rises to $25 and the firm adjusts in ord…

Suppose a competitive market consists of identical firms with a constant lon-run

Suppose a competitive market consists of identical firms with a constant lon-run marginal cost of $10. (There are no fixed costs in the longrun) The demand curve is given by q=200…

Suppose a competitive market consists of identical firms with a constant lon-run

Suppose a competitive market consists of identical firms with a constant lon-run marginal cost of $10. (There are no fixed costs in the longrun) The demand curve is given by q=200…

Suppose a competitive market consists of identical firms with a constant long-ru

Suppose a competitive market consists of identical firms with a constant long-run marginal cost of $10. There are no fixed costs in the short run or long run. Suppose the demand c…

Suppose a computer virus disables the nations automatic teller machines, making

Suppose a computer virus disables the nations automatic teller machines, making withdrawals from the bank accounts less convenient. As a result people want to keep more cash on ha…

Suppose a consumer chooses between two types of flowers of his garden: tulips an

Suppose a consumer chooses between two types of flowers of his garden: tulips and roses. Graphically (no math needed) show the income and substitution effects for an increase in t…

Suppose a consumer had a budget of $125. The price of Good X is $5 and the price

Suppose a consumer had a budget of $125. The price of Good X is $5 and the price of Good Y is $7.50. Calculate value of the x-intercept of the budget line. (Round to the nearest t…

Suppose a consumer has a utility function over two goods, denoted U(Q1,Q2), whic

Suppose a consumer has a utility function over two goods, denoted U(Q1,Q2), which is increasing in both goods . The consumer has income W and faces prices P1 and P2. State the uti…

Suppose a consumer has preferences over newspapers (x) and books (y) that can be

Suppose a consumer has preferences over newspapers (x) and books (y) that can be represented by the quasilinear utility function U(x, y) = x + 2 . The marginal utilities are MUx =…

Suppose a consumer has preferences over two goods, x and y , which are perfect s

Suppose a consumer has preferences over two goods, x and y, which are perfect substitutes. In particular, two units of x is equivalent to one unit of y. If the price of x is $1, t…

Suppose a consumer has preferences represented by the utility function U(X,Y) =

Suppose a consumer has preferences represented by the utility function U(X,Y) = X2Y Suppose PY = 1, and the consumer has $180 to spend. Draw the Price-Consumption Curve for this c…

Suppose a consumer has wealth w and is considering investing some amount,x,in ri

Suppose a consumer has wealth w and is considering investing some amount,x,in risky asset.This asset can earn a return of Rg(which is positive return and therefore a good outcome …

Suppose a consumer has wealth w and is considering investing some amount,x,in ri

Suppose a consumer has wealth w and is considering investing some amount,x,in risky asset.This asset can earn a return of Rg(which is positive return and therefore a good outcome …

Suppose a consumer has wealth w and is considering investing some amount,x,in ri

Suppose a consumer has wealth w and is considering investing some amount,x,in risky asset.This asset can earn a return of Rg(which is positive return and therefore a good outcome …

Suppose a consumer only buys armadillos (A) and groundhogs (G). Armadillos cost

Suppose a consumer only buys armadillos (A) and groundhogs (G). Armadillos cost $10 each and groundhogs cost $20 each. The consumer has $100 dollars to spend on these two goods. a…

Suppose a consumer purchases only two goods %u2013 food and clothing. Her prefer

Suppose a consumer purchases only two goods %u2013 food and clothing. Her preferences between two goods can be represented by the following utility function where 0 a) Set up the …

Suppose a consumer would be willing to pay S6 for the first cup of coffee of the

Suppose a consumer would be willing to pay S6 for the first cup of coffee of the day, S5 for the second cup, $4 for the third cup and $3 for the fourth cup, $2 for the fifth cup..…

Suppose a consumer\'s utility function is given by U(X,Y) = X*Y. Therefore; MUx=

Suppose a consumer's utility function is given by U(X,Y) = X*Y. Therefore; MUx=Y MUy=X Also, the consumer has $36 to spend, and the price of X, PX = 9, and the price of Y, PY = 2.…

Suppose a consumer’s preferences are monotonic (i.e. we can safely assume monoto

Suppose a consumer’s preferences are monotonic (i.e. we can safely assume monotonicity). The figure below shows several potential bundles graphically. If we assume that a consumer…

Suppose a consumer’s utility function is given by U(X,Y) = X*Y. Also, the consum

Suppose a consumer’s utility function is given by U(X,Y) = X*Y. Also, the consumer has $720 to spend, and the price of X, PX = 9, and the price of Y, PY = 9. a) (4 points) How muc…

Suppose a corporation has two subsidiaries, one of which is unregulated and sell

Suppose a corporation has two subsidiaries, one of which is unregulated and sells all of its output to the other, regulated subsidiary. Permitted profits at the regulated subsidia…

Suppose a country has a money demand function (M/P)^d = kY, where k is a constan

Suppose a country has a money demand function (M/P)^d = kY, where k is a constant parameter. The money supply grows by 12 percent per year, and real income grows by 4 percent per …

Suppose a country has a money demand function (Md/P) = kY where k is a constant

Suppose a country has a money demand function (Md/P) = kY where k is a constant parameter. The money supply grows by 12 percent per year and real income grows by 4 percent per yea…

Suppose a country has a money demand function (Md/P) = kY where k is a constant

Suppose a country has a money demand function (Md/P) = kY where k is a constant parameter. The money supply grows by 12 percent per year and real income grows by 4 percent per yea…

Suppose a country has total GDP ( Y ) = $12 trillion, consumption = $7 trillion,

Suppose a country has total GDP (Y) = $12 trillion, consumption = $7 trillion, government spending = $3 trillion, investment = $2 trillion, and taxes = $1.6 trillion. Instructions…

Suppose a country has total GDP (Y) = $10 trillion, consumption = $7 trillion, g

Suppose a country has total GDP (Y) = $10 trillion, consumption = $7 trillion, government spending = $2 trillion, investment = $2 trillion, and taxes = $1.5 trillion. Instructions…

Suppose a country produces final goods and services with a market value of $100

Suppose a country produces final goods and services with a market value of $100 billion in 2012, but only $90 billion worth of goods and services is sold to domestic and foreign b…

Suppose a country switches from a flexible to a fixed exchange rate. Which of th

Suppose a country switches from a flexible to a fixed exchange rate. Which of the following will occur as a result of this change? A:Monetary policy will become a more effective t…

Suppose a country using the United States\' system of calculating official unemp

Suppose a country using the United States' system of calculating official unemployment statistics has 100 million people, of whom 50 million are working age. Of these 50 million, …

Suppose a country\'s MPC is 0.8, and in this country, government seeks to boost

Suppose a country's MPC is 0.8, and in this country, government seeks to boost real GDP by either increasing government purchases by $50 billion or by reducing taxes by the same a…