Economics

Suppose that there are only three types of fruit sold in the United States. Annu

Suppose that there are only three types of fruit sold in the United States. Annual sales are 1,000,000 tons of blueberries, 5,000,000 tons of strawberries, and 11,000,000 tons of …

Suppose that there are only three types of fruit sold in the United States. Annu

Suppose that there are only three types of fruit sold in the United States. Annual sales are 1,100,000 tons of blueberries, 5,200,000 tons of strawberries, and 10,000,000 tons of …

Suppose that there are only three types of fruit sold in the United States. Annu

Suppose that there are only three types of fruit sold in the United States. Annual sales are 1,000,000 tons of blueberries, 5,000,000 tons of strawberries, and 10,000,000 tons of …

Suppose that there are only three types of fruit sold in the United States. Annu

Suppose that there are only three types of fruit sold in the United States. Annual sales are 1,000,000 tons of blueberries, 5,000,000 tons of strawberries, and 12,000,000 tons of …

Suppose that there are only three types of fruit sold in the United States. Annu

Suppose that there are only three types of fruit sold in the United States. Annual sales are 1,300,000 tons of blueberries, 5,600,000 tons of strawberries, and 10,000,000 tons of …

Suppose that there are only three types of fruit sold in the United States. Annu

Suppose that there are only three types of fruit sold in the United States. Annual sales are 1,100,000 tons of blueberries, 5,200,000 tons of strawberries, and 10,000,000 tons of …

Suppose that there are only three types of fruit sold in the United States. Annu

Suppose that there are only three types of fruit sold in the United States. Annual sales are 1, 200,000 tons of blueberries. 5, 400,000 tons of strawberries, and 12,000,000 tons o…

Suppose that there are only three types of fruit sold in the United States. Annu

Suppose that there are only three types of fruit sold in the United States. Annual sales are 1,200,000 tons of blueberries, 5,400,000 tons of strawberries, and 12,000,000 tons of …

Suppose that there are only two economies in the world, Green and Red. All numbe

Suppose that there are only two economies in the world, Green and Red. All numbers below are in billions of dollars. Assume that Green’s National Saving is 4000 while Red’s Nation…

Suppose that there are only two firms in the petroleum market Saudi Aramco (SA)

Suppose that there are only two firms in the petroleum market Saudi Aramco (SA) and Kuwait Petroleum Corporation (KPC). They give you some information about the petroleum market a…

Suppose that there are only two firms in the petroleum market Saudi Aramco (SA)

Suppose that there are only two firms in the petroleum market Saudi Aramco (SA) and Kuwait Petroleum Corporation (KPC). They give you some information about the petroleum market a…

Suppose that there are only two firms in the petroleum market Saudi Aramco (SA)

Suppose that there are only two firms in the petroleum market Saudi Aramco (SA) and Kuwait Petroleum Corporation (KPC). They give you some information about the petroleum market a…

Suppose that there are only two firms in the petroleum market They give you some

Suppose that there are only two firms in the petroleum market They give you some information about the petroleum market and you have to answer the questions below. # Demand Equati…

Suppose that there are only two fishermen, Zach and Jacob, who fish along a cert

Suppose that there are only two fishermen, Zach and Jacob, who fish along a certain coast. They would each benefit if lighthouses were built along the coast where they fish. The m…

Suppose that there are only two goods, books and coffee. Wally gets utility from

Suppose that there are only two goods, books and coffee. Wally gets utility from both books and coffee, but his indifference curves between them are concave rather than convex to …

Suppose that there are six foods and their detail are as follows: Food Serving S

Suppose that there are six foods and their detail are as follows: Food Serving Size Energy (kcal) Protein (g) Calcuim (mg) Price (rupees/serving) Limit (servings/day) Oatmeal 28g …

Suppose that there are three beachfront parcels of land avaia Assume that willin

Suppose that there are three beachfront parcels of land avaia Assume that willingness and ablaty to purchase a pancel. ble for sale in Asilomar and six people who would each like …

Suppose that there are three beachfront parcels of land available for sale in Hu

Suppose that there are three beachfront parcels of land available for sale in Huntington and six people who would each like to purchase one parcel Assume that the parcels are esse…

Suppose that there are two cities: Winterfell and King’s Landing. There are also

Suppose that there are two cities: Winterfell and King’s Landing. There are also two goods: grain and swords. In King’s Landing, it takes 2 workers to produce 1 sword, and 3 worke…

Suppose that there are two firms in a duopoly market producing identical product

Suppose that there are two firms in a duopoly market producing identical products. These firms are trying to decide how much to produce given other firm’s decision (Cournot Model)…

Suppose that there are two firms, A and B. Each is considering entering into a n

Suppose that there are two firms, A and B. Each is considering entering into a new market. If neither enters, then both earn zero. If one enters and the other does not, the one wh…

Suppose that there are two goods, apples and oranges, and two individuals, John

Suppose that there are two goods, apples and oranges, and two individuals, John and Mike. John has four apples and two oranges, and Mike also has four apples and two oranges. We w…

Suppose that there are two goods, x 1 and x 2. Suppose that the initial prices a

Suppose that there are two goods, x1 and x2. Suppose that the initial prices are given p1 = 1 and p2 = 2 and the income is given 100. There are two possible policies that the gove…

Suppose that there are two goods, x_1 and x_2. Suppose that the initial prices a

Suppose that there are two goods, x_1 and x_2. Suppose that the initial prices are given p_1 = 1 and p_2 = 2 and the income is given 100. There are two possible policies that the …

Suppose that there are two groups of workers: A-types and B-types. The value of

Suppose that there are two groups of workers: A-types and B-types. The value of the marginal product of labor (VMP_E) of the workers is the same and is depicted below. Suppose tha…

Suppose that there is a decline in the cost of a unit of capital. In the long ru

Suppose that there is a decline in the cost of a unit of capital. In the long run: a.) What will be the substitution effect of this change on use of capital and labor, and why?How…

Suppose that there is a decline in the cost of a unit of capital. In the long ru

Suppose that there is a decline in the cost of a unit of capital. In the long run: a.) What will be the substitution effect of this change on use of capital and labor, and why?How…

Suppose that there is a decline in the cost of a unit of capital. In the long ru

Suppose that there is a decline in the cost of a unit of capital. In the long run: a.) What will be the substitution effect of this change on use of capital and labor, and why?How…

Suppose that there is a decline in the cost of a unit of capital. In the long ru

Suppose that there is a decline in the cost of a unit of capital. In the long run: a.) What will be the substitution effect of this change on use of capital and labor, and why?How…

Suppose that there is a game called “the dollar auction game.” This game involve

Suppose that there is a game called “the dollar auction game.” This game involves auctioning a dollar bill to two individuals. The rules of the game are as follows: Bidding starts…

Suppose that there is a permanent increase in total factor productivity (both z

Suppose that there is a permanent increase in total factor productivity (both z and z’ increase). Using the intertemporal model, what are the impacts on the following: a) Output s…

Suppose that there is a temporary decreases in rho, the risk premium on domestic

Suppose that there is a temporary decreases in rho, the risk premium on domestic assets. Using an AA-DD diagram for a floating exchange rate system, show what happens to national …

Suppose that there is a temporary, but significant, increase in oil prices in th

Suppose that there is a temporary, but significant, increase in oil prices in the economy depicted in the figure to the right Using the 3-point curved line drawing tool, show the …

Suppose that there is a town in which only two of the residents, Dmitri and Kris

Suppose that there is a town in which only two of the residents, Dmitri and Kristen, own wells that produce water safe for drinking, and suppose that Dmitri and Kristen can pump a…

Suppose that there is an economy that produces only one product, corn. The econo

Suppose that there is an economy that produces only one product, corn. The economy has enough labor, capital, and land to produce y = 1,000 bushels of corn (real GDP). Suppose vel…

Suppose that there is asymmetric information in the market for used cars; seller

Suppose that there is asymmetric information in the market for used cars; sellers know the quality of the car that they are selling, but buyers do not. Buyers know that there is a…

Suppose that there is one manufacturer and one retailer. Final inverse demand is

Suppose that there is one manufacturer and one retailer. Final inverse demand is P(q) = 100-2q. Marginal cost of the manufactuer is 10 and the retailer has a marginal retailing co…

Suppose that there is one manufacturer and one retailer. Final inverse demand is

Suppose that there is one manufacturer and one retailer. Final inverse demand is P(q) = 100-2q. Marginal cost of the manufactuer is 10 and the retailer has a marginal retailing co…

Suppose that there is only one seller in the computer industry. If the demand cu

Suppose that there is only one seller in the computer industry.  If the demand curve that the only seller in the industry faces a straight-line, downward sloping curve, at which p…

Suppose that this year\'s money supply is $50 billion, nominal GDP is $1 trillio

Suppose that this year's money supply is $50 billion, nominal GDP is $1 trillion, and real GDP is $500 billion. (20 Marks) What is the price level? What is the velocity of money? …

Suppose that this year\'s money supply is $500 billion , nominal GDP is $10 tril

Suppose that this year's money supply is $500 billion , nominal GDP is $10 trillion, and real GDP is $5 trillion a- What is the price level? what is the velocity of money? b-Suppo…

Suppose that this year\'s money supply is $500 billion, nominal GDP is $10 trill

Suppose that this year's money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5trillion. a. What is the price level? What is the velocity of money? b. Suppo…

Suppose that this year\'s money supply is $500 billion, nominal GDP is $10 trill

Suppose that this year's money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5trillion. a. What is the price level? What is the velocity of money? b. Suppo…

Suppose that this year\'s money supply is $500 billion, nominal GDP is $10 trill

Suppose that this year's money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5 trillion. a. What is the price level? What is the velocity of money? b. Supp…

Suppose that this year\'s money supply is $500 billion, nominal GDP is 10 trilli

Suppose that this year's money supply is $500 billion, nominal GDP is 10 trillion and real GDP is $5 trillion. a) What is the price level? what is the velocity of money? b) Suppos…

Suppose that this year\'s money supply is $500 billion, nominal GDP is 18 trilli

Suppose that this year's money supply is $500 billion, nominal GDP is 18 trillion, and price level is 3. a) What is the real GDP? What is the velocity of money? b)Suppose that vel…

Suppose that this year’s money supply is $500 billion, nominal GDP is $50 trilli

Suppose that this year’s money supply is $500 billion, nominal GDP is $50 trillion and real GDP is $5 trillion. A) What is the price level? What is the velocity of money? B) Suppo…

Suppose that this year’s money supply is $600 billion, nominal GDP is $15 trilli

Suppose that this year’s money supply is $600 billion, nominal GDP is $15 trillion, and price level is 3. (6 pts.) a) Compute the real GDP and the velocity of money? (2 pt.)      …

Suppose that three firms make up the entire bicycle manufacturing industry, and

Suppose that three firms make up the entire bicycle manufacturing industry, and they have been enjoying high profits through a cartel agreement. Which of the following may cause t…

Suppose that three risk-neutral bidders are interested in purchasing a Princess

Suppose that three risk-neutral bidders are interested in purchasing a Princess Beanie Baby. The bidders (numbered 1 through 3) have valuations of $12, $14, and $16, respectively.…