Economics

Suppose that Drexenture, a new consulting company, has the following production

Suppose that Drexenture, a new consulting company, has the following production function: q=2c+4e+.5c*e where q is the number of reports produced, c denotes the number of fresh co…

Suppose that Expresso and Beantown are the only two firms that sell coffee. The

Suppose that Expresso and Beantown are the only two firms that sell coffee. The following payoff matrix shows the profit (in millions of dollars) each company will earn depending …

Suppose that Expresso and Beantown are the only two firms that sell coffee. The

Suppose that Expresso and Beantown are the only two firms that sell coffee. The following payoff matrix shows the profit (in millions of dollars) each company will earn depending …

Suppose that Expresso and Beantown are the only two firms that sell coffee. The

Suppose that Expresso and Beantown are the only two firms that sell coffee. The following payoff matrix shows the profit (in millions of dollars) each company will earn depending …

Suppose that First Bank has $34 million in checkable deposits, Second Bank has $

Suppose that First Bank has $34 million in checkable deposits, Second Bank has $47 million in checkable deposits, and the reserve requirements for checkable deposit is 10%. First …

Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The

Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The payoff matrix that follows shows the profit (in millions of dollars) each company will earn depend…

Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The

Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profit (in millions of dollars) each company will earn depending…

Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The

Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profits (in millions of dollars) each company will earn dependin…

Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The

Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profits (in millions of dollars) each company will earn dependin…

Suppose that Fizzy Soda and Townie Soda must choose whether to advertise their s

Suppose that Fizzy Soda and Townie Soda must choose whether to advertise their soft drinks. In a Nash equilibrium, both firms choose to advertise and earn weekly profits of $80,00…

Suppose that Fon and Cartoon from trade with each other at the market clearing p

Suppose that Fon and Cartoon from trade with each other at the market clearing price of $5. The table shows  the minimum amount Cartoon would take to voluntarily give up each unit…

Suppose that Ford and GM are considering enter in the market for automobiles bas

Suppose that Ford and GM are considering enter in the market for automobiles based on hydrogen fuel cell (new power technology) and there are no other companies that can compete w…

Suppose that Ford and GM are considering. entering the market for automobiles ba

Suppose that Ford and GM are considering. entering the market for automobiles based on hydrogen fuel cell (new power technology) and there are no other companies that can compete …

Suppose that France and Denmark both produce oil and olives. Frances’s opportuni

Suppose that France and Denmark both produce oil and olives. Frances’s opportunity cost of producing a crate of olives is 4 barrels of oil, while Denmark’s opportunity cost of pro…

Suppose that France and Germany both produce schnitzel and wine. The following t

Suppose that France and Germany both produce schnitzel and wine. The following table shows combinations of the goods that each country can produce in a day FRANCE WINE (BOTTLES) S…

Suppose that GE is trying to prevent Maytag from entering the market for high ef

Suppose that GE is trying to prevent Maytag from entering the market for high efficiency clothes dryers. Even though high efficiency dryers are more costly to produce, they are al…

Suppose that Gloucester Old Bank\'s customers can complete their transactions at

Suppose that Gloucester Old Bank's customers can complete their transactions at a teller's window (involving labor) or at an ATM (involving capital). The production function for t…

Suppose that Greece and Germany both produce jeans and cheese. Greece\'s opportu

Suppose that Greece and Germany both produce jeans and cheese. Greece's opportunity cost of producing a pound of cheese is 4 pairs of jeans while Germany's opportunity cost of pro…

Suppose that Greece and Sweden both produce oil and cheese. Greece\'s opportunit

Suppose that Greece and Sweden both produce oil and cheese. Greece's opportunity cost of producing a pound of cheese is 5 barrels of oil while Sweden's opportunity cost of produci…

Suppose that Greece and Switzerland both produce oil and olives. Greece\'s oppor

Suppose that Greece and Switzerland both produce oil and olives. Greece's opportunity cost of producing a crate of olives is 5 barrels of ail production of olives and Switzerland …

Suppose that Hal (a high productivity worker) and Lou (a low productivity worker

Suppose that Hal (a high productivity worker) and Lou (a low productivity worker) are deciding whether or not to complete a four-year college degree. Even though Hal and Lou are t…

Suppose that Home has 100 workers, a marginal product of 4 making apples, and a

Suppose that Home has 100 workers, a marginal product of 4 making apples, and a marginal product of labor of 4 making shirts. Foreign has 100 workers, a marginal product of labor …

Suppose that Home is a large exporter of wheat. The domestic inverse supply func

Suppose that Home is a large exporter of wheat. The domestic inverse supply function of Home producers is given by P-40+4Q and the domestic inverse demand function of Home con sum…

Suppose that Home is a large exporter of wheat. The domestic inverse supply func

Suppose that Home is a large exporter of wheat. The domestic inverse supply function of Home producers is given by P-40+4Qs and the domestic inverse demand function ef Home consum…

Suppose that Hubert, an economist from an AM talk radio program, and Kate, an ec

Suppose that Hubert, an economist from an AM talk radio program, and Kate, an economist from a school of industrial relations, are arguing over government intervention. The follow…

Suppose that Indonesia and Australia are the only two countries in the world tha

Suppose that Indonesia and Australia are the only two countries in the world that trade wheat. The following graph shows the world market for wheat, where X is Australia's export …

Suppose that Italy and Sweden both produce fish and shoes. Italy\'s opportunity

Suppose that Italy and Sweden both produce fish and shoes. Italy's opportunity cost of producing a pair of shoes is 4 pounds of fish, while Sweden's opportunity cost of producing …

Suppose that Italy and Sweden both produce jeans and stained glass. Italy\'s opp

Suppose that Italy and Sweden both produce jeans and stained glass. Italy's opportunity cost of producing a pane of stained glass is 4 pairs of jeans while Sweden's opportunity co…

Suppose that Ivy Collegeadministrators propose to increase revenue for the colle

Suppose that Ivy Collegeadministrators propose to increase revenue for the college byraising tuition for all students. The college administrators areassuming that the (absolute va…

Suppose that JPMorgan Chase sells $100 million in Treasury bills to the Fed. a.

Suppose that JPMorgan Chase sells $100 million in Treasury bills to the Fed. a. Use T-accounts to show the immediate impact of this sale on the balance sheets of JPMorgan Chase an…

Suppose that Japan is the home country. If the Japanese inflation rate is 5 perc

Suppose that Japan is the home country. If the Japanese inflation rate is 5 percent while the U.S. inflation rate is 10 percent, then Japanese yen will: appreciate by 15 percent a…

Suppose that Jean is an unskilled worker who is making the market wage of $7 per

Suppose that Jean is an unskilled worker who is making the market wage of $7 per hour and that the market for unskilled labor is competitive. Suppose further that the government i…

Suppose that Joe is trying to determine how many commercial properties in Michig

Suppose that Joe is trying to determine how many commercial properties in Michigan have been for on the market for over one year. He hasn't the time to comb through every single l…

Suppose that Jones and Smith have each decided to allocate $1000 per year to an

Suppose that Jones and Smith have each decided to allocate $1000 per year to an entertainment budget in the form of hockey games or rock concerts. They both like hockey games and …

Suppose that Jones and Smith have each decided to allocate $1000 per year to an

Suppose that Jones and Smith have each decided to allocate $1000 per year to an entertainment budget in the form of hockey games or rock concerts. They both like hockey games and …

Suppose that Karen deposits $500 into her checking account at the bank. The rese

Suppose that Karen deposits $500 into her checking account at the bank. The reserve requirement for Karen's bank is 12%. Assume the bank does not want to hold any excess reserves …

Suppose that Krieger\'s Robots is currently producing 100 units of output. The s

Suppose that Krieger's Robots is currently producing 100 units of output. The slope of his total venue curve is a constant, +10. At 100 units of production, the slope of his total…

Suppose that Larry, an economist from a research institute in Texas, and Megan,

Suppose that Larry, an economist from a research institute in Texas, and Megan, an economist from a public television program, are arguing over saving incentives. The following di…

Suppose that Laylita sells empanadas at a perfectly competitive farmers\' market

Suppose that Laylita sells empanadas at a perfectly competitive farmers' market and that her total cost of producing empanadas is TC(q) = 40 + 0.1q^2 - 1/5q where q is the total n…

Suppose that LilyMac Photography has annual sales of $237,000, cost of goods sol

Suppose that LilyMac Photography has annual sales of $237,000, cost of goods sold of $172,000, average inventories of $5,200, average accounts receivable of $26,400, and an averag…

Suppose that Mark\'s utility function from consuming tuna and Samson is given by

Suppose that Mark's utility function from consuming tuna and Samson is given by U = 2X + 3Y, where X represents the consumption of tuna and Y represent the consumption of salmon. …

Suppose that McDonald\'s hires workers at the minimum wage and that the minimum

Suppose that McDonald's hires workers at the minimum wage and that the minimum wage is increased from $7.50 per hour to $9.00 per hour. Assuming McDonald's is a competitive firm, …

Suppose that McDonalds and Yum Brands are the sole producers of a quadruple-deck

Suppose that McDonalds and Yum Brands are the sole producers of a quadruple-decker chicken and hamburger sandwich. The two firms currently charge the same price for their products…

Suppose that McDonald’s hires workers at the minimum wage and that the minimum w

Suppose that McDonald’s hires workers at the minimum wage and that the minimum wage is increased from $7.50 per hour to $9.00 per hour. Assuming McDonald’s is a competitive firm, …

Suppose that Mozilla and Microsoft each develop their own versions of an amazing

Suppose that Mozilla and Microsoft each develop their own versions of an amazing new Web browser that allows advertisers to target consumers with great precision. Also, the new br…

Suppose that Natasha\'s utility function is given by u = 10, where l represents

Suppose that Natasha's utility function is given by u = 10, where l represents annual income n thousands of dollars. Is Natasha risk loving, risk neutral, or risk averse? Explain.…

Suppose that Norway (country 1) and Russia (country 2) are the only two natural

Suppose that Norway (country 1) and Russia (country 2) are the only two natural gas exporters to Germany. The inverse demand curve is P= 100-Q, where P is price and Q is the total…

Suppose that Omar\'s marginal utility for cups of coffee is constant at 1.5 util

Suppose that Omar's marginal utility for cups of coffee is constant at 1.5 utils per cup no matter how many cups he drinks. On the other hand, his marginal utility per doughnut is…

Suppose that Omar\'s marginal utility for sups of coffee is constant at 5.5 util

Suppose that Omar's marginal utility for sups of coffee is constant at 5.5 utils per cup no matter how many cups he drinks. On the other hand, his marginal utility per doughnut is…

Suppose that Omars marginal utility for cups of coffee is constant at 6.5 utils

Suppose that Omars marginal utility for cups of coffee is constant at 6.5 utils per cup no matter how many cups he drinks. On the other hand, his marginal utility per doughnut is …