Economics
58545 questions • Page 862 / 1171
Suppose the demand for pizza in a small town where there are only two firms, A a
Suppose the demand for pizza in a small town where there are only two firms, A and B, is p = 10 - Q, with Q = q_a + q_b middot where q_i is the quantity produced by firms i=A, B E…
Suppose the demand for the firm’s product decreases and the market price falls t
Suppose the demand for the firm’s product decreases and the market price falls to $14 and we have the following table. Should the firm shut down? If not, how much output should th…
Suppose the demand for the product in question increases, which leads to a new d
Suppose the demand for the product in question increases, which leads to a new demand equation given below (i.e. an upward shift in demand) Qd = = 35…
Suppose the demand function for a firm?s product is given by In Qxd = 7-1.5 In P
Suppose the demand function for a firm?s product is given by In Qxd = 7-1.5 In Px + 2 In Py- 0.5 In M + In A where: P= $15 P=$6 M = $40,000, and A=$350 a. Determine the own price …
Suppose the demand function for a firm’s product is given by ln QXd = 7 - 1.5 ln
Suppose the demand function for a firm’s product is given by ln QXd = 7 - 1.5 ln PX + 2 ln PY - 0.5 ln M + ln A where: Px = $15 Py = $6 M = $40,000, and A = $350 a. Determine the …
Suppose the demand function for a profit maximizing monopolists good is P = 160
Suppose the demand function for a profit maximizing monopolists good is P = 160 - 0.5Q, its total cost function is TC = 20 + 10Q + 0.3Q2, and its marginal cost function is MC = 10…
Suppose the demand function for corn is Qd= 15 –2 Pcorn and the supply function
Suppose the demand function for corn is Qd= 15 –2 Pcorn and the supply function is Qs = 5 Pcorn–6. Suppose the government needs to buy 3.5 billion bushels of corn for a third-worl…
Suppose the demand function for good X is given by: Q_dx = 15-0 5P_x - 0.8 P y w
Suppose the demand function for good X is given by: Q_dx = 15-0 5P_x - 0.8 P y where Q_dx is the quantity demanded of good X, P_x is the price of good X, and P_y is the price of g…
Suppose the demand in any given month for a commodity is represented by the foll
Suppose the demand in any given month for a commodity is represented by the following equation: QD = 40,000 - 4.0 P, where P represents the price per unit and QD is quantity deman…
Suppose the domestic supply (Qs) and demand (Qd) for MP3 players in the U.S. are
Suppose the domestic supply (Qs) and demand (Qd) for MP3 players in the U.S. are given by the set of equations that follows: P = 2.5 + 0.1Qs P = …
Suppose the domestic supply (Qs) and demand (Qd) for MP3 players in the U.S. are
Suppose the domestic supply (Qs) and demand (Qd) for MP3 players in the U.S. are given by the set of equations that follows: P = 2.5 + 0.1Qs P = …
Suppose the economy consists of three households. The income of the richest hous
Suppose the economy consists of three households. The income of the richest household is 10,000, the income of the second household is 6,400, and the income of the poorest househo…
Suppose the economy had been producing at natural real GDP but is now experienci
Suppose the economy had been producing at natural real GDP but is now experiencing a recession. Which of the following are discretionary fiscal policies that could bring the econo…
Suppose the economy has been experiencing zero inflation and five percent unempl
Suppose the economy has been experiencing zero inflation and five percent unemployment for several years. The government decides to lower the unemployment percentage by generating…
Suppose the economy includes only consumers and business (no government or inter
Suppose the economy includes only consumers and business (no government or interantional trade) and that consumer saving is the only source of leakage (so y=Yd) in this private se…
Suppose the economy includes only consumers and business (no government or inter
Suppose the economy includes only consumers and business (no government or interantional trade) and that consumer saving is the only source of leakage (so y=Yd) in this private se…
Suppose the economy is currently in long-run equilibrium and then a wave of busi
Suppose the economy is currently in long-run equilibrium and then a wave of business pessimism reduces aggregate demand. Which of the following diagrams correctly shows the short-…
Suppose the economy is determined by the tollowing consumption and investment eq
Suppose the economy is determined by the tollowing consumption and investment equations. C-125 +0.8Y Lp 125 Suppose GDP (i.e. production) was not in equilibrium, but instead at 17…
Suppose the economy is in a deflationary gap. Which of the following public poli
Suppose the economy is in a deflationary gap. Which of the following public policies would help bring the economy towards potential GDP? A) decrease transfer payment B) lower the …
Suppose the economy is in a recession and the unemployment rate is exceptionally
Suppose the economy is in a recession and the unemployment rate is exceptionally high. 1. Explain why Keynes felt “deficit spending” was an appropriate action for government if th…
Suppose the economy is in a short-run equilibrium where Y < Yf, where Y is the r
Suppose the economy is in a short-run equilibrium where Y < Yf, where Y is the real GDP and Yf is the full-employment real GDP. According to the Keynesian theory, which of the …
Suppose the economy is in long-run equilibrium when GDP declines by $50 billion.
Suppose the economy is in long-run equilibrium when GDP declines by $50 billion. The government wants to increase its spending in order to stimulate the economy and avoid a recess…
Suppose the economy is in long-run equilibrium. If the government increases its
Suppose the economy is in long-run equilibrium. If the government increases its expenditures, eventually the increase in aggregate demand causes price expectations to A. rise. Thi…
Suppose the economy is initially in long-run equilibrium The Fed decides to incr
Suppose the economy is initially in long-run equilibrium The Fed decides to increase the required reserve ratio In the short-run, this contractionary monetary policy will cause: P…
Suppose the economy is initially in long-run equilibrium The Fed enacts a policy
Suppose the economy is initially in long-run equilibrium The Fed enacts a policy to decrease the discount rate. In the short-run, this expansionary monetary policy will cause: Pri…
Suppose the economy is initially in long-run equilibrium at a potential output o
Suppose the economy is initially in long-run equilibrium at a potential output of 12.5 trillion. Now suppose that aggregate demand shifts back to AD’. How much of a gap has opened…
Suppose the economy is initially in long-run equilibrium. Due to decline in hous
Suppose the economy is initially in long-run equilibrium. Due to decline in house prices, suppose that consumers reduce their consumption spending. (a) Explain how the decline in …
Suppose the economy is initially in long-run equilibrium. The Fed decides to sel
Suppose the economy is initially in long-run equilibrium. The Fed decides to sell bonds. In the short-run, this contractionary monetary policy will cause: A shift from SRAS_1 to S…
Suppose the economy is initially in long-run equilibrium. The Fed enacts a poKcy
Suppose the economy is initially in long-run equilibrium. The Fed enacts a poKcy to decrease the discount rate. In the short-run this expansionary monetary policy will cause: A. A…
Suppose the economy is initially in long-run equilibrium. The Fed enacts a polic
Suppose the economy is initially in long-run equilibrium. The Fed enacts a policy to decrease the discount rate. In the short-run, this expansionary monetary policy will cause: Pr…
Suppose the economy is initially m long-run equilibrium. The Fed decides to incr
Suppose the economy is initially m long-run equilibrium. The Fed decides to increase the required reserve ratio. In the short-run this contractionary monetary policy will cause: A…
Suppose the economy is represented by the following equations: M d /P = 6Y %u201
Suppose the economy is represented by the following equations: Md/P = 6Y %u2013 120r Ms/P = 5,400 C = 180 + 0.7(Y-T) I = …
Suppose the economy is represented by the following equations: M d /P = 6Y %u201
Suppose the economy is represented by the following equations: Md/P = 6Y %u2013 120r Ms/P = 5,400 C = 180 + 0.7(Y-T) I = …
Suppose the economy is self-regulating and the (actual) unemployment rate is les
Suppose the economy is self-regulating and the (actual) unemployment rate is less than the natural unemployment rate. This means that the economy is producing a level of output a.…
Suppose the economy is thought to be 1 percent above potential (i.e., the output
Suppose the economy is thought to be 1 percent above potential (i.e., the output gap is 1 percent), when potential output grows 3 percent per year. Suppose the Fed is following th…
Suppose the economy slips into a recession and the Fed takes action to stimulate
Suppose the economy slips into a recession and the Fed takes action to stimulate the economy. a. What would specifically would the Fed normally do if they took an active approach …
Suppose the economy whose PPF is shown on the right experiences economic growth.
Suppose the economy whose PPF is shown on the right experiences economic growth. Production Possibilities 1.) Use the 3-point curved line drawing tool to show how growth affects t…
Suppose the elderly as a group manage to lobby Congress successfully for a one-t
Suppose the elderly as a group manage to lobby Congress successfully for a one-time wealth transfer, “paid for” by a tax on younger workers. Assume the elderly have a remaining li…
Suppose the equation for the demand curve for some product X is: P = 8 - 0.6Q Th
Suppose the equation for the demand curve for some product X is: P = 8 - 0.6Q The equation for the supply curve is: P = 2 + 0.4Q What are the equilibrium price and quantity? Equil…
Suppose the equilibrium price of copper is P*= $2.00 per pound and the equilibri
Suppose the equilibrium price of copper is P*= $2.00 per pound and the equilibrium quantity of copper is Q*= 12 million metric tons per year (mmt/yr). Furthermore, suppose the slo…
Suppose the equilibriumwage rate for apricot pickers is $6.00 per hour and at th
Suppose the equilibriumwage rate for apricot pickers is $6.00 per hour and at that wagerate the equilibrium quantity of apricot pickers employed is14,000. If the minimum wage is s…
Suppose the estimated demand function for a public water utility (for which ther
Suppose the estimated demand function for a public water utility (for which there is no substitute) is given by: w = 7510P where w is the number of units per period and P is the p…
Suppose the estimated demand function for a public water utility (for which ther
Suppose the estimated demand function for a public water utility (for which there is no substitute) is given by: w = 7510P where w is the number of units per period and P is the p…
Suppose the estimated demand function for a public water utility (for which ther
Suppose the estimated demand function for a public water utility (for which there is no substitute) is given by: w = 7510P where w is the number of units per period and P is the p…
Suppose the estimated demand function for a public water utility (for which ther
Suppose the estimated demand function for a public water utility (for which there is no substitute) is given by: w = 7510P where w is the number of units per period and P is the p…
Suppose the estimated market demand for a computer is P=1000-0.04Q and the marke
Suppose the estimated market demand for a computer is P=1000-0.04Q and the market supply is P=0.06Q. (a) What would the market price and output of computer that clears the market …
Suppose the exchange rate between euros and dollars is quoted as EUR/USD=X If yi
Suppose the exchange rate between euros and dollars is quoted as EUR/USD=X If yields on financial assets in the U.S. were expected to increase relative to yields on assets in the …
Suppose the exchange rate for Singapore (dollar (SGD) is currently SGD1.36 per U
Suppose the exchange rate for Singapore (dollar (SGD) is currently SGD1.36 per USD. If the interest rate in the US is 3%, and the interest rate in Singapore is 6%, then what must …
Suppose the factory Afro-Puffs Inc. produces wigs. As a by-product of this wig p
Suppose the factory Afro-Puffs Inc. produces wigs. As a by-product of this wig production, they also produce dangerous emissions of toxic gases (as a result of the strong glue use…
Suppose the federal Reserve shifts to a contractionary monetary policy by shilli
Suppose the federal Reserve shifts to a contractionary monetary policy by shilling bords through open-market operations. Assume that this policy is unanticipated. This problem wil…
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