Economics

Suppose honey is produced in a beehive using bees and sugar. Each honey producer

Suppose honey is produced in a beehive using bees and sugar. Each honey producer uses one beehive which she rents for $30 per month. Producing q gallons of honey in one month requ…

Suppose honey is produced in a beehive using bees and sugar. Each honey producer

Suppose honey is produced in a beehive using bees and sugar. Each honey producer uses one beehive which she rents for $20/month. Producing q gallons of honey in one month requires…

Suppose honey is produced in a beehive using bees and sugar. Each honey producer

Suppose honey is produced in a beehive using bees and sugar. Each honey producer uses one beehive which she rents for $30 per month. Producing q gallons of honey in one month requ…

Suppose honey is produced in beehive using bees and sugar. Each honey producer u

Suppose honey is produced in beehive using bees and sugar. Each honey producer uses one beehive which she rents for $1/month. Producing q gallons of honey requires spending q doll…

Suppose honey is produced in beehive using bees and sugar. Each honey producer u

Suppose honey is produced in beehive using bees and sugar. Each honey producer uses one beehive which she rents for $1/month. Producing q gallons of honey requires spending q doll…

Suppose households become more future-oriented and decide to save more at each i

Suppose households become more future-oriented and decide to save more at each income level. All other things unchanged, this will shift the aggregate demand curve to the right. s…

Suppose in Fiscalville there is 0 percent tax on the first $10,000 of income, bu

Suppose in Fiscalville there is 0 percent tax on the first $10,000 of income, but a 15 percent tax on earnings between $10,000 and $20,000 and a 30 percent tax on income between $…

Suppose in a small open economy, the money demand is given as: (MP)^d = Y 2000 ·

Suppose in a small open economy, the money demand is given as: (MP)^d = Y 2000 ·r The investment demand, consumption, and net export demand function are given as: I(r) = 100 1000 …

Suppose in a survey of Americans’ education level and their happiness, the amoun

Suppose in a survey of Americans’ education level and their happiness, the amount of education was measured for each individual as following: X = 1 (elementary school completed, X…

Suppose in an election year, the economy entered an economic boom. At the same t

Suppose in an election year, the economy entered an economic boom. At the same time, clear signs of inflationary pressures were apparent. How might the central bank with a primary…

Suppose in the Solow growth model that s = 0.25, n = 0.02, d = 0.08 and f(k) = k

Suppose in the Solow growth model that s = 0.25, n = 0.02, d = 0.08 and f(k) = k^0.3: 1. Suppose that z = 2. What is the steady state level of capital per worker and consumption p…

Suppose in the Solow growth model that s=.25, n=.02, d=.08, and f(k)= K^3 A)Supp

Suppose in the Solow growth model that s=.25, n=.02, d=.08, and f(k)= K^3 A)Suppose that z=2. What is the steady state level of capital per worker and consumption per worker ? B) …

Suppose in the Solow growth model that s=.25, n=.02, d=.08, and f(k)= K^3 A)Supp

Suppose in the Solow growth model that s=.25, n=.02, d=.08, and f(k)= K^3 A)Suppose that z=2. What is the steady state level of capital per worker and consumption per worker ? B) …

Suppose in the Solow growth model that s=.25, n=.02, d=.08, and f(k)= K^3 A)Supp

Suppose in the Solow growth model that s=.25, n=.02, d=.08, and f(k)= K^3 A)Suppose that z=2. What is the steady state level of capital per worker and consumption per worker ? B) …

Suppose in the long run, for a firm, the marginal product of labor is 100, the m

Suppose in the long run, for a firm, the marginal product of labor is 100, the marginal product of capital is 120. The wage rate (per unit of labor) is W = 20, and the rental pric…

Suppose initially that two assets, A and B, will each make a single guaranteed p

Suppose initially that two assets, A and B, will each make a single guaranteed payment of $200 in one year. But asset A has a current price of $170 while asset B has a current pri…

Suppose initially that two assets, A and B, will each make a single guaranteed p

Suppose initially that two assets, A and B, will each make a single guaranteed payment of $200 in one year. But asset A has a current price of $160 while asset B has a current pri…

Suppose initially that two assets, A and B, will each make a single guaranteed p

Suppose initially that two assets, A and B, will each make a single guaranteed payment of $400 in one year. But asset A has a current price of $340 while asset B has a current pri…

Suppose interest rates in several Asian countries are lowered. Then, the U.S. ec

Suppose interest rates in several Asian countries are lowered. Then, the U.S. economy, which was originally at its long-run steady state, will a. initially enter into a boom, and …

Suppose interest rates in the United States, but they don’t rise in other nation

Suppose interest rates in the United States, but they don’t rise in other nations. As a result of this change The U.S. dollar appreciates The U.S. dollar depreciates U.S. exports …

Suppose it costs $15,000 per year (in early 2010 dollars) for tuition, room, boa

Suppose it costs $15,000 per year (in early 2010 dollars) for tuition, room, board, and living expenses to attend a public university in the Southeastern United States. a. If infl…

Suppose it is 1905 and you are a buggy whip manufacturer. You hear a commotion o

Suppose it is 1905 and you are a buggy whip manufacturer. You hear a commotion outside and learn that a gas operated machine (car) had frightened a horse drawn carriage. You then …

Suppose it is decided that rent control in New York City will be abolished and t

Suppose it is decided that rent control in New York City will be abolished and that market rents will now prevail. Assume that all rental units are identical and so are offered at…

Suppose it takes 4 hours of labor time to hang sheetrock in a room and 2 hours t

Suppose it takes 4 hours of labor time to hang sheetrock in a room and 2 hours to tape and plaster a wall. If one person spent an entire 8 hour day hanging sheetrock, (a) In how m…

Suppose it takes a total of 100 hours to produce a car (mathematically speaking,

Suppose it takes a total of 100 hours to produce a car (mathematically speaking, this means one hour of work “produces 0.01 cars”). If the average wage in car making is $50 per ho…

Suppose jackie must decide how to spend $50 on San Pellegrino water and sushi. T

Suppose jackie must decide how to spend $50 on San Pellegrino water and sushi. The rate at which jackie is willing to trade water for sushi is referred to as the: opportunity cost…

Suppose labor and capital are the only two factors used by a firm to produce pen

Suppose labor and capital are the only two factors used by a firm to produce pencils. Which of the following statements is true of the average variable costs of this firm? a. The …

Suppose labor productivity differences are the only determinants of comparative

Suppose labor productivity differences are the only determinants of comparative advantage, and Brazil and Chile both produce only coffee and sugar. In Chile, either 5 units of cof…

Suppose labor supply is given by w=10+2L(s), where w denotes the wage. Labor dem

Suppose labor supply is given by w=10+2L(s), where w denotes the wage. Labor demand is given by w= 100-L(d). (a) Calculate the equilibrium labor quantity and the corresponding wag…

Suppose lenders suddenly think that mortgage loans are more risky than before. T

Suppose lenders suddenly think that mortgage loans are more risky than before. The mortgage interest rate rises very rapidly, and the spread between the mortgage interest rate and…

Suppose mandatory retirement rules are illegal and firms undertake various strat

Suppose mandatory retirement rules are illegal and firms undertake various strategies to induce voluntary retirements of workers at the age of 65. Some of these possible strategie…

Suppose many businesses in Texas feel a need to replace or upgrade their equipme

Suppose many businesses in Texas feel a need to replace or upgrade their equipment. 10.1.   In the short run (compared to the original long run equilibrium), the Texas economy wil…

Suppose market demand and supply are given in a perfectly competitive market for

Suppose market demand and supply are given in a perfectly competitive market for bushels of wheat by: Determine the equilibrium price and quantity. Show the equilibrium graphicall…

Suppose market demand for movie tickets (in millions per year) is given by the e

Suppose market demand for movie tickets (in millions per year) is given by the equation QD = 19-2P, while tickets are supplied according to the market supply equation Qs = P-2. Su…

Suppose market forces outside of the control of the Chinese government are causi

Suppose market forces outside of the control of the Chinese government are causing the price of Chinese yuan in terms of Japanese yen to rise. In order to maintain the current val…

Suppose mountain spring water can be produced at no cost and the inverse demand

Suppose mountain spring water can be produced at no cost and the inverse demand for mountain spring water is P = 1200 – 0.2Q. Answer the following questions. a.   Suppose the mark…

Suppose my supervisor tells me to dispose of some regulated toxic substance by d

Suppose my supervisor tells me to dispose of some regulated toxic substance by dumping it down the drain. In this case part of my problem is that I have been ordered to do somethi…

Suppose n countries with high interest rates such as Australia. Would you expect

Suppose n countries with high interest rates such as Australia. Would you expect thls that you follow the strategy set out in b. for six months. You borrow in to vield high gSuppo…

Suppose nominal 1920 GDP was $5,000. The GDP Deflator Decimal for 1920 using 200

Suppose nominal 1920 GDP was $5,000. The GDP Deflator Decimal for 1920 using 2009 as a base year is 0.10. (Index = 10). What is the real 1920 GDP in chained, 2009 dollars? a) $50,…

Suppose now that there are 100 legislators in a bargaining situation, splitting

Suppose now that there are 100 legislators in a bargaining situation, splitting a pie of size 1. Player 1 proposes a split between the 100 players, including himself (in any conti…

Suppose now that there are 100 legislators in a bargaining situation, splitting

Suppose now that there are 100 legislators in a bargaining situation, splitting a pie of size 1. Player 1 proposes a split between the 100 players, including himself (in any conti…

Suppose now that there are 100 legislators in a bargaining situation, splitting

Suppose now that there are 100 legislators in a bargaining situation, splitting a pie of size 1. Player 1 proposes a split between the 100 players, including himself (in any conti…

Suppose now the economy is in recession and the government wishes to increase Y

Suppose now the economy is in recession and the government wishes to increase Y by $400 billion. This is a close economy with following consumption function C=co+0.75(Y-T) Tis a l…

Suppose our agent\'s income is $240. Only two goods exist for our agent, good X

Suppose our agent's income is $240. Only two goods exist for our agent, good X and good Y. Good X costs $10 per unit and Good Y costs $12 per unit. Assume this agent has indiffere…

Suppose our business plans to take out a 5-year loan for $100,000. The after-tax

Suppose our business plans to take out a 5-year loan for $100,000. The after-tax MARR is 10%, the tax rate is 40%, and the loan interest rate is 15%. Rank the following loan optio…

Suppose output is below potential output in year 0. Prices that year are given b

Suppose output is below potential output in year 0. Prices that year are given by P0. In year 1 (with the level of potential output unchanged) the Fed stimulates the economy by sh…

Suppose output is produced using only labor according to the production function

Suppose output is produced using only labor according to the production function Q = 5L –L^2. If the price of output is $10 and the cost of labor is $10, what is the profit maxi…

Suppose owners in the NFL are considering a lockout. It will last one year. Owne

Suppose owners in the NFL are considering a lockout. It will last one year. Owners usually make $300 million, net, in a given year. If the lockout is successful, owners will make …

Suppose people in our overlapping generations model have the opportunity either

Suppose people in our overlapping generations model have the opportunity either to hold fiat money with complete safety or to lend to someone who may never repay the loan. The cha…

Suppose prices are given by p 1 = 2 and p 2 = 4. Which of the following consumpt

Suppose prices are given by p1 = 2 and p2 = 4. Which of the following consumption patterns are consistent with the assumption that the consumer chooses the consumption bundle that…