Economics

Suppose that you can work anywhere from 0 to 24 hours per day at a wage of $1 pe

Suppose that you can work anywhere from 0 to 24 hours per day at a wage of $1 per hour. You are subject to a tax of 50% on all income over $5 per day (the first $5 is untaxed). Yo…

Suppose that you can work anywhere from 0 to 24 hours per day at a wage of $1 pe

Suppose that you can work anywhere from 0 to 24 hours per day at a wage of $1 per hour. You are subject to a tax of 50% on all income over $5 per day (the first $5 is untaxed). Yo…

Suppose that you go on vacation to Canada every summer. Last year, the hotel roo

Suppose that you go on vacation to Canada every summer. Last year, the hotel room where you stayed cost C$120 per night, and it costs the same this year. The exchange rate was 1.1…

Suppose that you had savings deposited in an account at an interest rate of 5 pe

Suppose that you had savings deposited in an account at an interest rate of 5 percent and your father told you that he earned 10 percent interest 20 years ago. Which of you is get…

Suppose that you have a chance to buy some new computer equipment and software t

Suppose that you have a chance to buy some new computer equipment and software that will add to your future profits. It will take a year to have the package designed to your needs…

Suppose that you have a chance to buy some new computer equipment and software t

Suppose that you have a chance to buy some new computer equipment and software that will add to your future profits. It will take a year to have the package designed to your needs…

Suppose that you have a chance to buy some new computer equipment and software t

Suppose that you have a chance to buy some new computer equipment and software that will add to your future profits. It will take a year to have the package designed to your needs…

Suppose that you have a money market certificate earning an annual rate of inter

Suppose that you have a money market certificate earning an annual rate of interest, which varies over time as follows: Year k 2 3 4 5 696 4% 3% 3% 596 If you invest $10,000 in th…

Suppose that you have a three-year holding period. Your investment earns the fol

Suppose that you have a three-year holding period. Your investment earns the following annual returns: year 1: -4% year 2: -3% year 3: 2% Suppose that you had invested $1,000 init…

Suppose that you have an annual income of $55,000, and that you always save 22%

Suppose that you have an annual income of $55,000, and that you always save 22% whenever you got paid (via an EFT that automatically buys bonds). But, you only get paid seven time…

Suppose that you have been hired as an economic consultant by OPEC and given the

Suppose that you have been hired as an economic consultant by OPEC and given the following schedule showing the world demand and supply for oil:                                 (6…

Suppose that you have just completed the mechanical design of a high-speed autom

Suppose that you have just completed the mechanical design of a high-speed automated palletizer that has an investment cost of $3,000,000. The existing palletizer is quite old and…

Suppose that you have saved $10,000 for retirement and are currently 20 years ol

Suppose that you have saved $10,000 for retirement and are currently 20 years old. Moreover, assume that you will earn the historical return of about 6% on your portfolio of stock…

Suppose that you have the following information on the supply and demand curves

Suppose that you have the following information on the supply and demand curves for imported sugar in the US: -2.67 + 0.041-0.17P and Qs=-3.33 +0.83P, where QD ls quantity demande…

Suppose that you invest in a two-year Treasury bond with a coupon rate of 7% and

Suppose that you invest in a two-year Treasury bond with a coupon rate of 7% and $1,000 par. Suppose that you buy this bond at a price of exactly $1,000. You intend to hold this b…

Suppose that you invested $2,000 using the dollar-cost-averaging aproach. Assume

Suppose that you invested $2,000 using the dollar-cost-averaging aproach. Assume that on Feb-1-09, and on Feb-1-10, you purchased $1,000 worth of stock. You then held the shares u…

Suppose that you just purchased a used car worth $14,000 in today\'s dollars. As

Suppose that you just purchased a used car worth $14,000 in today's dollars. Assume also that, to finance the purchase, you borrowed $12,000 from a local bank at 8% compounded mon…

Suppose that you lend $10,500 to a friend who pays you back $11,340 the next yea

Suppose that you lend $10,500 to a friend who pays you back $11,340 the next year. Assume that prices that year rose by 7% and the real rate of return in the stock market was 3%. …

Suppose that you manage a grocery store and you are thinking about stocking a ce

Suppose that you manage a grocery store and you are thinking about stocking a certain type of nutritional supplement. You obtain some data from your purchasing department concerni…

Suppose that you operate a purely competitive firm that buys and sells foreign c

Suppose that you operate a purely competitive firm that buys and sells foreign currencies. Also suppose that yesterday your business activity consisted of buying 100,000 Swiss fra…

Suppose that you operate a purely competitive firm that buys and sells foreign c

Suppose that you operate a purely competitive firm that buys and sells foreign currencies. Also suppose that yesterday your business activity consisted of buying 100,000 Swiss fra…

Suppose that you own a 10-acre plot of land that you would like to rent out to f

Suppose that you own a 10-acre plot of land that you would like to rent out to farmers. For them, bringing in harvest involves $30 per acre for seed, $80 per acre for fertilizer, …

Suppose that you own a 10-acre plot of land that you would like to rent out to w

Suppose that you own a 10-acre plot of land that you would like to rent out to wheat farmers. For them, bringing in a harvest involves $35 per acre for seed, $80 per acre for fert…

Suppose that you own a 10-acre plot of land that you would like to rent out to w

Suppose that you own a 10-acre plot of land that you would like to rent out to wheat farmers. For them, bringing in a harvest involves $30 per acre for seed, $80 per acre for fert…

Suppose that you own a 20-acre plot of land that you would like to rent out to w

Suppose that you own a 20-acre plot of land that you would like to rent out to wheat farmers. For them, bringing in a harvest involves $35 per acre for seed, $80 per acre for fert…

Suppose that you own a 20-acre plot of land that you would like to rent out to w

Suppose that you own a 20-acre plot of land that you would like to rent out to wheat farmers. For them, bringing in a harvest involves $35 per acre for seed, $80 per acre for fert…

Suppose that you own a 25 year old movie theater in Micropolis. It has 6 screens

Suppose that you own a 25 year old movie theater in Micropolis. It has 6 screens and a concession stand. Across town there is a 7 year old movie theater with 4 IMAX screens and 20…

Suppose that you own a 25 year old movie theater in Micropolis. It has 6 screens

Suppose that you own a 25 year old movie theater in Micropolis. It has 6 screens and a concession stand. Across town there is a 7 year old movie theater with 4 IMAX screens and 20…

Suppose that you own a company and that the aggregate demand for your product ca

Suppose that you own a company and that the aggregate demand for your product can be written as: Q^D= 8,000-P + 10P_1 - 50P_2 + 0.02I where P is the price of your product, P_1 and…

Suppose that you put $100,000 in cash in a coffee can and hidit in your apartmen

Suppose that you put $100,000 in cash in a coffee can and hidit in your apartment for one year, during which time inflation was5 percent. What has happened to the purchasing power…

Suppose that you run a house-painting company and currently have 2 workers paint

Suppose that you run a house-painting company and currently have 2 workers painting a total of 4 houses per month. If you hire a third worker, 6 houses can be painted per month. I…

Suppose that you want to measure the causal effect of hours spent studying on th

Suppose that you want to measure the causal effect of hours spent studying on the performance on a mioroeconomics exam for a class of 30 students Which of the following could be a…

Suppose that you were a car company’s production planner. The unit wholesale pri

Suppose that you were a car company’s production planner. The unit wholesale price per unit of the company’s branded car is Sedan $16,000, Van $35,000, and SUV $49,000. The variab…

Suppose that you were a forecaster of the real wage rate, output, the real inter

Suppose that you were a forecaster of the real wage rate, output, the real interest rate, the price level and investment. A shock hits the economy, which you interpret as people e…

Suppose that your business or organization has obtained a reliable growth foreca

Suppose that your business or organization has obtained a reliable growth forecast of the U.S. and local economies for calendar year 2013. Nature of my Business: I run an Automoti…

Suppose that your colleague has accidentally spilled coffee on his laptop and th

Suppose that your colleague has accidentally spilled coffee on his laptop and the file containing your firm's cost data has been damaged. Use your knowledge of cost functions to s…

Suppose that your colleague has accidentally spilled coffee on his laptop and th

Suppose that your colleague has accidentally spilled coffee on his laptop and the file containing your firm's cost data has been damaged. Use your knowledge of cost functions to s…

Suppose that your colleague has accidentally spilled coffee on his laptop and th

Suppose that your colleague has accidentally spilled coffee on his laptop and the file containing your firm's cost data has been damaged. Use your knowledge of cost functions to s…

Suppose that your colleague has accidentally spilled coffee on his laptop and th

Suppose that your colleague has accidentally spilled coffee on his laptop and the file containing your firm's cost data has been damaged. Use your knowledge of cost functions to s…

Suppose that your colleague has accidentally spilled coffee on his laptop and th

Suppose that your colleague has accidentally spilled coffee on his laptop and the file containing your firm's cost data has been damaged. Use your knowledge of cost functions to s…

Suppose that your colleague has accidentally spilled coffee on his laptop and th

Suppose that your colleague has accidentally spilled coffee on his laptop and the file containing your firm rsquo s cost data has been damaged. Use your knowledge of cost function…

Suppose that your firm has only 2 types of customers: those with a high willingn

Suppose that your firm has only 2 types of customers: those with a high willingness-to-pay and those with a low willingness-to-pay. A coworker from the marketing department claims…

Suppose that your firm is the only producer of a high-tech sports utility vehicl

Suppose that your firm is the only producer of a high-tech sports utility vehicle for North American markets. Assume a constant marginal cost of $25,000 to produce each vehicle an…

Suppose that your firm is trying to decide between two machines that will do the

Suppose that your firm is trying to decide between two machines that will do the same job. Machine A costs $50,000, will last for ten years and will require operating costs of $5,…

Suppose that your firm is trying to decide between two machines that will do the

Suppose that your firm is trying to decide between two machines that will do the same job. Machine A costs $50,000, will last for ten years and will require operating costs of $5,…

Suppose that your public library charges a fixed monthly membership fee of $12.

Suppose that your public library charges a fixed monthly membership fee of $12. Members are allowed to check out as many books as they want under this plan. The average member che…

Suppose that your retirement benefits during your first year of retirement are $

Suppose that your retirement benefits during your first year of retirement are $70,000 per year which is just enough to meet your cost of living during the first year. However, yo…

Suppose that your rich uncle has $1,000,000 that he wishes to distribute to his

Suppose that your rich uncle has $1,000,000 that he wishes to distribute to his heirs at the rate of $100,000 per year. If the $1,000,000 is deposited in a bank account that earns…

Suppose that your utility function for X and Y is U = X 1/3 Y 2/3 = . The price

Suppose that your utility function for X and Y is U = X 1/3 Y 2/3 = . The price of X and Y will be gcncrically Px and PY, and your income is I, so your budget constraint is PxX + …

Suppose that your utility function is given by = ?????(4??) , where ln (x) stand

Suppose that your utility function is given by = ?????(4??) , where ln (x) stands for the natural logarithm of x, and I is the amount of income you make in a given year. Suppose t…