Economics

Suppose an airline is losing money because they cannot fill enough seats in thei

Suppose an airline is losing money because they cannot fill enough seats in their flights with passengers. The airline would offer a flight only if at least 70% of the seats could…

Suppose an airline is losing money because they cannot fill enough seats in thei

Suppose an airline is losing money because they cannot fill enough seats in their flights with passengers. The airline would offer a flight only if at least 70% of the seats could…

Suppose an economic agent has a utility function U = Ln (R). Assume R is the ret

Suppose an economic agent has a utility function U = Ln (R). Assume R is the return on investment and utility is the natural log of investment. If the investment is highly success…

Suppose an economic downturn in South Korea causes South Korean incomes to decre

Suppose an economic downturn in South Korea causes South Korean incomes to decrease, while Russian incomes remain unchanged. Shift the appropriate curve or curves on the following…

Suppose an economics professor receives a $10,000 royalty check from a foreign p

Suppose an economics professor receives a $10,000 royalty check from a foreign publishing company and deposits the amount in a local bank. This transaction would be recorded as: A…

Suppose an economist observes the following monthly data on the market price and

Suppose an economist observes the following monthly data on the market price and quantity of potatoes purchased in Geelong during the year 2015: Month    Jan. Feb. Mar. Apr. May J…

Suppose an economy consist of 500 million individuals 16 years and older 280.5 m

Suppose an economy consist of 500 million individuals 16 years and older 280.5 million are employed and 19.5 million are unemployed but actively seeking work . A. How many people …

Suppose an economy grows by 2.5 percent, the labor force rises by 3 percent, and

Suppose an economy grows by 2.5 percent, the labor force rises by 3 percent, and capital rises by 1 percent. If capital takes 50 percent of real GDP, then the growth in total fact…

Suppose an economy has an upward-sloping aggregate supply curve and a recessiona

Suppose an economy has an upward-sloping aggregate supply curve and a recessionary GDP gap equal to $50 billion. If aggregate demand increases by a total of $50 billion: The reces…

Suppose an economy is experiencing a deep recession due to a drop in aggregate d

Suppose an economy is experiencing a deep recession due to a drop in aggregate demand. The unemployment rate has claimbed but to nearly 10% and has plummeted into the range of def…

Suppose an economy is experiencing a recessionary gap, !. Describe the state of

Suppose an economy is experiencing a recessionary gap, !. Describe the state of the economy (what is a recessionary gap; describe the unemployment rate in relation to actual and p…

Suppose an economy is in long-run equilibrium. The central bank raises the money

Suppose an economy is in long-run equilibrium. The central bank raises the money supply by 5 percent. 1. What happens to output and the price level as the economy moves from the i…

Suppose an economy produced only video games. The annual prices and quantities a

Suppose an economy produced only video games. The annual prices and quantities are given in this table. 2017 2018 Quantity of pistachios 1,000 1,100 Quantity of video games 500 50…

Suppose an economy produces two goods, food and machines. This economy always op

Suppose an economy produces two goods, food and machines. This economy always operates on its production possibilities frontier. Last year, it produced 50 units of food and 30 mac…

Suppose an economy\'s aggregate demand function is given by (in billions): Y = 1

Suppose an economy's aggregate demand function is given by (in billions): Y = 19,000 - 25,000pi Where Y is output and it is inflation. The initial inflation rate is 0.05 (5%). Pot…

Suppose an economy’s Central Bank decides to purchase short term securities wort

Suppose an economy’s Central Bank decides to purchase short term securities worth $20 billion from commercial bank dealers that it trades with in the open market. The monetary aut…

Suppose an extremely simple economy produces only two goods, pillows and rugs. I

Suppose an extremely simple economy produces only two goods, pillows and rugs. In the first year, 50 pillows are produced, and sold at $5 each; 11 rugs are produced, and sold at $…

Suppose an imaginary economy is represented by the following equations: GDP= C +

Suppose an imaginary economy is represented by the following equations: GDP= C + I C= $100 + 0.8 Y D I = I Planned + I Unplanned Iplanned = $200 AEplanned = C+IPlanned (1)    Calc…

Suppose an imaginary economy is represented by the following equations: GDP= C +

Suppose an imaginary economy is represented by the following equations: GDP= C + I C= $100 + 0.8 Y D I = I Planned + I Unplanned Iplanned = $200 AEplanned = C+IPlanned (1) Calcula…

Suppose an income tax is imposed that takes $1,000 from someone with an income o

Suppose an income tax is imposed that takes $1,000 from someone with an income of $20,000; $4,000 from someone with an income of $30,000; and $12,000 from someone with an income o…

Suppose an increase in the market demand for widgets pushes up their price to $7

Suppose an increase in the market demand for widgets pushes up their price to $7. If this firm continues to buy labor in a competitive labor market at a wage of $20 per unit; 1. H…

Suppose an indifference curve is given by the equation U=2*C*T. Assume that init

Suppose an indifference curve is given by the equation U=2*C*T. Assume that initially the consumer owns the bundle C = 25, T = 2. What is the Utility value along this indifference…

Suppose an industry has 4 firms each with 15% of sales, and 8 firms each with 5%

Suppose an industry has 4 firms each with 15% of sales, and 8 firms each with 5% of sales. The HHI for this industry is Quantity of the public good Willingness to pay of person 1 …

Suppose an industry is composed of six firms. Four firms have sales of $100,000

Suppose an industry is composed of six firms. Four firms have sales of $100,000 each, and two firms have sales of $50,000 each. a. Explain how concentration ratios are calculated.…

Suppose an industry is composed of six firms. Four firms have sales of $100,000

Suppose an industry is composed of six firms. Four firms have sales of $100,000 each, and two firms have sales of $50,000 each. a. Explain how concentration ratios are calculated.…

Suppose an industry that has 10 firms. Below are the market shares for 2008 and

Suppose an industry that has 10 firms. Below are the market shares for 2008 and 2013 of the 10 firms. Market Share Firms 2008 2013 A B C D E F G H I G 26% 21% 16% 10% 9% 7% 4% 3% …

Suppose an industry that has 10 firms. Below are the market shares for 2008 and

Suppose an industry that has 10 firms. Below are the market shares for 2008 and 2013 of the 10 firms. Market Share Firms 2008 2013 A B C D E F G H I G 26% 21% 16% 10% 9% 7% 4% 3% …

Suppose an industry that has 10 firms. Below are the market shares for 2008 and

Suppose an industry that has 10 firms. Below are the market shares for 2008 and 2013 of the 10 firms. Market Share Firms 2008 2013 A B C D E F G H I G 26% 21% 16% 10% 9% 7% 4% 3% …

Suppose an investor has 3 available actions: put everything in the bank (call th

Suppose an investor has 3 available actions: put everything in the bank (call this the "safe" action), split his investment between the bank and the stock market (call this the "m…

Suppose an ocean-front hotel rents rooms. In the winter, demand is: P1 110-20, M

Suppose an ocean-front hotel rents rooms. In the winter, demand is: P1 110-20, MR1 110-401 P2 140-202 MR2 140-402 with marginal revenue of: However, in the summer, demand is: with…

Suppose an ocean-front hotel rents rooms. In the winter, demand is: with margina

Suppose an ocean-front hotel rents rooms. In the winter, demand is: with marginal revenue of However, in the summer, demand is: with marginal revenue of P1-110-1Q1 MR1 110-2Q P2-2…

Suppose an office supply store increased its price of file folders from $.79/box

Suppose an office supply store increased its price of file folders from $.79/box to $.99/box and the quantity demanded decreased from 85 boxes/month to 83 boxes/month. What is the…

Suppose analysts agree that the losses resulting from climate change will reach

Suppose analysts agree that the losses resulting from climate change will reach x dollars 100 years from now. Use the concept of present value to explain why estimates of what nee…

Suppose annual salaries for sales associates from a particular store have a mean

Suppose annual salaries for sales associates from a particular store have a mean of $32,500 and a standard deviation of $2,500. a. Calculate the number of standard deviations a sa…

Suppose anyone with a driver\'s license is capable of supplying only one trip fr

Suppose anyone with a driver's license is capable of supplying only one trip from the airport to the downtown business center on any given day. The long-run supply curve of such t…

Suppose apartments are in four locations: Location A, Location B, Location C, an

Suppose apartments are in four locations: Location A, Location B, Location C, and Location D. Location A is in the city, where your job is. Location B is 10 minutes farther from y…

Suppose apartments are in four locations: Location A, Location B, Location C, an

Suppose apartments are in four locations: Location A, Location B, Location C, and Location D. Location A is in the city, where your job is. Location B is 10 minutes farther from y…

Suppose as a manager of a profitable department store you are confronted with a

Suppose as a manager of a profitable department store you are confronted with a pricing problem. You have two types of customers: a high-end type that are willing to pay a price o…

Suppose as a manager of a profitable department store you are confronted with a

Suppose as a manager of a profitable department store you are confronted with a pricing problem. You have two types of customers : a high-end type that are willing to pay a price …

Suppose as a manager of a profitable department store you are confronted with a

Suppose as a manager of a profitable department store you are confronted with a pricing problem. You have two types of customers: a high-end type that willing to pay a price of $ …

Suppose as a manager of a profitable department store you are confronted with a

Suppose as a manager of a profitable department store you are confronted with a pricing problem. You have two types of customers : a high-end type that are willing to pay a price …

Suppose as a manager of a profitable department store you are confronted with a

Suppose as a manager of a profitable department store you are confronted with a pricing problem. You have two types of customers: a high-end type that willing to pay a price of $ …

Suppose as a manager of a profitable department store you are confronted with a

Suppose as a manager of a profitable department store you are confronted with a pricing problem. You have two types of customers: a high-end type that willing to pay a price of $ …

Suppose as a manager of a profitable department store you are confronted with a

Suppose as a manager of a profitable department store you are confronted with a pricing problem. You have two types of customers a high-end type that are willing to pay a price of…

Suppose as before that average income increases from US$5,000 to US$5,500 and th

Suppose as before that average income increases from US$5,000 to US$5,500 and the cost of catching fish decreases from US$2,500 per ton to US$2,000 per ton. If governments imposed…

Suppose at a bundle (e,d), in the interior of the choice set, your MU for each g

Suppose at a bundle (e,d), in the interior of the choice set, your MU for each good is zero. You are rational. You will consume some bundle on the budget line. True or False? Just…

Suppose autonomous consumption is $500, government spending $1,000, panned inves

Suppose autonomous consumption is $500, government spending $1,000, panned investment is $1,250, and net exports are -$250 and the MPC is 0.8. What is the equilibrium value GDP? S…

Suppose banks are required by law to hold 5% of their deposits in reserves and t

Suppose banks are required by law to hold 5% of their deposits in reserves and total deposits are $100 million, but banks choose to hold a total of 20% of their deposits in reserv…

Suppose banks hold no customary reserves and every time a loan is made, it is ta

Suppose banks hold no customary reserves and every time a loan is made, it is taken in cash and not redeposited in the banking system. Under these circumstances, the: A) M2 multip…

Suppose both countries are producing at their production possibility frontier. I

Suppose both countries are producing at their production possibility frontier. In self sufficiency (pre-trade) equilibrium the US produces 10 units of corn and Japan produces 18 u…