Economics

Suppose that a chicken farm uses a nearby stream to dispose of the wastes releas

Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream into a lake that has become thick with algae and p…

Suppose that a city in your state is trying to attract a sports tournament, whic

Suppose that a city in your state is trying to attract a sports tournament, which would entail spending a significant amount of money on marketing of the event and other costs tha…

Suppose that a city where rent controls were imposed decides to eliminate this p

Suppose that a city where rent controls were imposed decides to eliminate this policy and instead provide income supplements to low income residents. What will happen to the quant…

Suppose that a class of 20 studentsparticipates in the Interest Rates and Invest

Suppose that a class of 20 studentsparticipates in the Interest Rates and Investment Experiment. Thetable below shows the nominal rates of return on the projectsassigned to the te…

Suppose that a color-blind consumer, has $80 to spend on either pink or lime-gre

Suppose that a color-blind consumer, has $80 to spend on either pink or lime-green sweaters. He does not care what color he weards but deems it very important to buy as many sweat…

Suppose that a company is making zero economic profit. Which one of the followin

Suppose that a company is making zero economic profit. Which one of the following statements must be true? O Its economic profit is greater than its accounting profit. O Its accou…

Suppose that a competitive firm that produces keyboards has short-run AV C = 3 +

Suppose that a competitive firm that produces keyboards has short-run AV C = 3 + q, and F C = 3. Assume that the market price for keyboard is 9 per unit. a What is the short-run t…

Suppose that a competitive firm\'s marginal cost of producing output q (MC) is g

Suppose that a competitive firm's marginal cost of producing output q (MC) is given by MC(a)-6+2q Assume that the market price (P) of the firm's product is $18 What level of outpu…

Suppose that a conservative political alliance succeeds in 2020 to change the cu

Suppose that a conservative political alliance succeeds in 2020 to change the current floating exchange rate regime in the U.S. into a fixed exchange rate regime. Assume that the …

Suppose that a consumer\'s preferences are well behaved in that properties 4-1 t

Suppose that a consumer's preferences are well behaved in that properties 4-1 to 4-4 are satisfied and the initial budget constraint is given by 300 = 2X + 4Y. At the initial budg…

Suppose that a cost minimizing firm with two inputs, capital K and labour L rece

Suppose that a cost minimizing firm with two inputs, capital K and labour L recently increased the quantity of each inputs by 10%. As a result, output has increased from 1,000 to …

Suppose that a country has a local currency known as the dollar, its money suppl

Suppose that a country has a local currency known as the dollar, its money supply is $1,500 million, and its domestic credit is equal to $1,000 million in the year 2015. The count…

Suppose that a country has no public debt in year 1 but experiences a budget def

Suppose that a country has no public debt in year 1 but experiences a budget deficit of $50 billion in year 2, a budget deficit of $30 billion in year 3, a budget surplus of $20 b…

Suppose that a country has no public debt in year 1 but experiences a budget def

Suppose that a country has no public debt in year 1 but experiences a budget deficit of $30 billion in year 2, a budget deficit of $30 billion in year 3, a budget surplus of $10 b…

Suppose that a country has no public debt in year 1 but experiences a budget def

Suppose that a country has no public debt in year 1 but experiences a budget deficit of $50 billion in year 2, a budget deficit of $20 blion in year 3, a budget surplus of $10 bil…

Suppose that a country has no public debt in year 1 but experiences a budget def

Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget deficit of $30 billion in year 3, a budget surplus of $10 b…

Suppose that a country has no public debt in year 1 but experiences a budget def

Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget deficit of $30 billion in year 3, a budget surplus of $10 b…

Suppose that a country is producing on its PPC at a point to the left of the tan

Suppose that a country is producing on its PPC at a point to the left of the tangency between the trade line and the PPC. At the production point, A.the opportunity cost in produc…

Suppose that a country is producing on its PPC at a point to the left of the tan

Suppose that a country is producing on its PPC at a point to the left of the tangency between the trade line and the PPC. At the production point, A.the opportunity cost in produc…

Suppose that a country that has a high level of output per person agrees to trad

Suppose that a country that has a high level of output per person agrees to trade with a country that has a low level of output per person. Which country can benefit? Suppose that…

Suppose that a delivery company current uses one employee per vehicle to deliver

Suppose that a delivery company current uses one employee per vehicle to deliver packages. Each driver delivers 50 packages per day, and the firm charges $20 per package for deliv…