Economics

Suppose that under the Plan of Repayment one should pay off the debt in a number

Suppose that under the Plan of Repayment one should pay off the debt in a number of equal end-of-month installments (principal and interest). This is the customary way to pay off …

Suppose that under the Plan of Repayment one should pay off the debt in a number

Suppose that under the Plan of Repayment one should pay off the debt in a number of equal end-of-month installments (principal and interest). This is the customary way to pay off …

Suppose that under the Plan of Repayment one should pay off the debt in a number

Suppose that under the Plan of Repayment one should pay off the debt in a number of equal end-of-month installments (principal and interest). This is the customary way to pay off …

Suppose that university regulations are proposed requiring all new dorm faciliti

Suppose that university regulations are proposed requiring all new dorm facilities utilize solar energy for water heating. A new dorm facility is being built and two hybrid water …

Suppose that unusually hot weather causes the demand curve for ice cream to shif

Suppose that unusually hot weather causes the demand curve for ice cream to shift to the right. Why will the price of ice cream rise to a new market-clearing level? The hot weathe…

Suppose that utility is a function of two goods: U(X,Y) = XY + 4X a. Find the ge

Suppose that utility is a function of two goods: U(X,Y) = XY + 4X a. Find the generalized demand curve for X            b. Find the generalized demand curve for Y               c.…

Suppose that variable y relates to the variables x1, x2, and x3 as in the follow

Suppose that variable y relates to the variables x1, x2, and x3 as in the following population regression model: y = 0 + 1x1 + 2x2 + 3x3 + u where u is the error term in the model…

Suppose that video game discs are a normal good. If the incomeof video game play

Suppose that video game discs are a normal good. If the incomeof video game players increase, you predict that in the market forvideo games, a) both equilibrium price and quantity…

Suppose that we are looking at a durable good like a car or stove. As the time p

Suppose that we are looking at a durable good like a car or stove. As the time period during which consumers can buy that good increases, the elasticity of demand for this good wi…

Suppose that we are trying to determine the optimal patent length for an inventi

Suppose that we are trying to determine the optimal patent length for an invention that will generate the following each year if the owner is granted a monopoly: $50 million in Co…

Suppose that we have an economy with four workers. Paris H. can teach 3 yoga les

Suppose that we have an economy with four workers. Paris H. can teach 3 yoga lessons or make 20 lattes a shift. Kim K, can teach 2 yoga lessons or make 8 lattes a shift. Mike S. c…

Suppose that we modify the model of the firm\'s investment decision by supposing

Suppose that we modify the model of the firm's investment decision by supposing that any capital the firm has remaining at the end of the future period can be sold at the price p'…

Suppose that when the price of X goes up, you respond by consuming less Y . a) I

Suppose that when the price of X goes up, you respond by consuming less Y . a) Illustrate the substitution and income effects of an increase in the price of X. How does your graph…

Suppose that when the price of corn is $2 per bushel, farmerscan sell 10 million

Suppose that when the price of corn is $2 per bushel, farmerscan sell 10 million bushels. When the price of corn is $3 perbushel, farmers can sell 8 million bushels. Which of the …

Suppose that when the price of milk rises from $4.20 to $4.60 per gallon, the qu

Suppose that when the price of milk rises from $4.20 to $4.60 per gallon, the quantity demanded falls from 760 to 720 gallons. Compute the elasticity of demand for milk below. (2)…

Suppose that with a budget of $160, Deborah spends $96 on sushi and $64 on bagel

Suppose that with a budget of $160, Deborah spends $96 on sushi and $64 on bagels when sushi costs $2 per piece and bagels cost $2 per bagel. But then, after the price of bagels f…

Suppose that workers value their time anywhere between $0/hour and $50/hour, wit

Suppose that workers value their time anywhere between $0/hour and $50/hour, with every value between 0 and 50 being equally likely. A worker will take a job only if the wage is a…

Suppose that workers\' effort in a particular industry can be monitored costless

Suppose that workers' effort in a particular industry can be monitored costlessly and exactly, so that enforceable labor contracts can be written, that specify both the wage (w) a…

Suppose that worried about a recession, the government of theUnited States is th

Suppose that worried about a recession, the government of theUnited States is thinking about increasing government spending ongoods and services to stimulate the economy. 1.1.   W…

Suppose that worried about a recession, the government of theUnited States is th

Suppose that worried about a recession, the government of theUnited States is thinking about increasing government spending ongoods and services to stimulate the economy. .3.   Wh…

Suppose that y =100 (income today) y\' = 150 (income tomorrow) r = 10% (interest

Suppose that y =100 (income today) y' = 150 (income tomorrow) r = 10% (interest rate on bonds) t = 10 (taxes today) t' = 10 (taxes tomorrow) The consumer is choosing optimally (c,…

Suppose that you and a friend play a \"matching pennies\" game in which each of

Suppose that you and a friend play a "matching pennies" game in which each of you uncovers a penny. If both pennies show heads or both show tails, you keep both. If one shows head…

Suppose that you and a friend play a \'matching pennies\" game in which each of

Suppose that you and a friend play a 'matching pennies" game in which each of you uncovers a penny If both pennies show heads or both show tails, you keep both. If one shows heads…

Suppose that you and two other people are competing in a third-price, sealed-bid

Suppose that you and two other people are competing in a third-price, sealed-bid auction. In this auction, player simultaneously and independently submit bids. The highest bidder …

Suppose that you and your friends decide to have a bake sale to earn money for a

Suppose that you and your friends decide to have a bake sale to earn money for a charity. You decide to purchase a table and a sign to advertise your booth for $50. To operate, yo…

Suppose that you are 22 today and that your salary for the year ending today is

Suppose that you are 22 today and that your salary for the year ending today is $61,250. Suppose that you are paid on an annual basis at the end of each year; so you are receiving…

Suppose that you are a manager for a large multinational financing company that

Suppose that you are a manager for a large multinational financing company that provides financing for overseas capital project for both U.S. and foreign firms. Your firm has rece…

Suppose that you are a manager for a large multinational financing company that

Suppose that you are a manager for a large multinational financing company that provides financing for overseas capital project for both U.S. and foreign firms. Your firm has rece…

Suppose that you are a monopolist selling widgets. You face costs of C(Q) = 10 +

Suppose that you are a monopolist selling widgets. You face costs of C(Q) = 10 + 2Q. Suppose that there are two types of consumers that buy your widgets. Group 1 has demand: Q1(p)…

Suppose that you are asked to conduct a CEA of hip replacement surgery for patie

Suppose that you are asked to conduct a CEA of hip replacement surgery for patients with arthritis in their hip joints. Assume: Without surgery, the average patient's life-expecta…

Suppose that you are asked to conduct a study to determine whether smaller class

Suppose that you are asked to conduct a study to determine whether smaller class sizes lead to improved student performance of fourth graders. If you could conduct any experiment …

Suppose that you are considering buying a U.S. Treasury bill with a face value o

Suppose that you are considering buying a U.S. Treasury bill with a face value of $1,000 and maturity of one year. This Treasury bill is a promise from the U.S. government to pay …

Suppose that you are deciding whether to buy a $1 lottery ticket. The jackpot is

Suppose that you are deciding whether to buy a $1 lottery ticket. The jackpot is 1.2 million and there is a 1/1,000,000 chance of winning. You have just learned that the jackpot w…

Suppose that you are given the following information on the components of aggreg

Suppose that you are given the following information on the components of aggregate spending in South Africa. The symbols Y, C,I,G,x and Z represent income; consumption spending i…

Suppose that you are in the short-run and the production function for your firm

Suppose that you are in the short-run and the production function for your firm is given as: F(L,K)=K1/2L1/2 Also, in the short-run capital is fixed at K=16. You also know that th…

Suppose that you are interested in comparing the costs of producing inpatient se

Suppose that you are interested in comparing the costs of producing inpatient services at Saving Grace Hospital with those at ACME Hospital. Further suppose that the two hospitals…

Suppose that you are interested in studying the effect parental involvement has

Suppose that you are interested in studying the effect parental involvement has on children’s grades. You plan to measure parental involvement by asking the students a few survey …

Suppose that you are interested in the relationship between the height of childr

Suppose that you are interested in the relationship between the height of children and that of their parents. To do some research on this problem, you collect data from 110 colleg…

Suppose that you are looking at consumers\' willingness to pay (WTP) for an inte

Suppose that you are looking at consumers' willingness to pay (WTP) for an internet product. Given the following survey data on consumer preferences, you are faced with the follow…

Suppose that you are on a desert island and possess exactly 20 coconuts. Your ne

Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and he is willing to trade 2 fish for every 1 coconut that you are …

Suppose that you are on a desert island and possess exactly 20 coconuts. Your ne

Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and he is willing to trade 2 fish for every 1 coconut that you are …

Suppose that you are on the board of directors of a firm which is the dominant f

Suppose that you are on the board of directors of a firm which is the dominant firm in the industry. That is, it lets all of the other firms, which are much smaller, sell all they…

Suppose that you are responsible for proposing an income redistribution program

Suppose that you are responsible for proposing an income redistribution program to the Ontario Minister of Finance. You have compiled the following analysis on the current divisio…

Suppose that you are running a business and you need some extra space for one ye

Suppose that you are running a business and you need some extra space for one year. You bank offers you a loan of $100,000 at 0% interest. You consider borrowing this amount, buyi…

Suppose that you are selling computers and you can allocate your budget to eithe

Suppose that you are selling computers and you can allocate your budget to either internet or television advertising. You want to maximize new sales generated, which is determined…

Suppose that you are the economic adviser to a local government in Uttarakhand,

Suppose that you are the economic adviser to a local government in Uttarakhand, India that has to deal with a politically embarrassing surplus that was caused by a price floor on …

Suppose that you buy a two-year 8.4% bond at its face value. a-1. What will be y

Suppose that you buy a two-year 8.4% bond at its face value. a-1. What will be your total nominal return over the two years if inflation is 3.4% in the first year and 5.4% in the …

Suppose that you buy a two-year 8.5% bond at its face value. a-1. What will be y

Suppose that you buy a two-year 8.5% bond at its face value. a-1. What will be your total nominal return over the two years if inflation is 3.5% in the first year and 5.5% in the …

Suppose that you can sell as much of a product (in integer units) as you like at

Suppose that you can sell as much of a product (in integer units) as you like at $60 per unit. Your marginal cost (MC) for producing the qth unit is given by: MC=7q This means tha…

Suppose that you can sell as much of a product as you want for$100 per unit. You

Suppose that you can sell as much of a product as you want for$100 per unit. Your marginal cost is: MC=2Q. Your fixedcost is $50. What is the optimal output level? I am looking fo…