Economics

Suppose the market demand and market supply curves are given by the equations: Q

Suppose the market demand and market supply curves are given by the equations: Qd = 200 - P Qs = 3P and a tax of T is placed on buyers so that the demand curve becomes: Qd = 200 -…

Suppose the market demand and supply functions are QD = 180 – 1.5P and QS = 3.5P

Suppose the market demand and supply functions are QD = 180 – 1.5P and QS = 3.5P + 40. You have just graduated and moved to this city; as a new MBA and an entrepreneur, you are co…

Suppose the market demand and supply functions are QD = 180-1.5P and Qs = 3.5P +

Suppose the market demand and supply functions are QD = 180-1.5P and Qs = 3.5P + 40. You have just graduated and moved to this city; as a new MBA and an entrepreneur, you are cons…

Suppose the market demand and supply functions are QD=1801.5PQD=1801.5P and QS=3

Suppose the market demand and supply functions are QD=1801.5PQD=1801.5P   and QS=3.5P+40QS=3.5P+40. You have just graduated and moved to this city; as a new MBA and an entrepreneu…

Suppose the market demand and supply functions are Q_D = 1 70 - 2.5P and Q_S = 5

Suppose the market demand and supply functions are Q_D = 1 70 - 2.5P and Q_S = 5P - 115. You have just graduated and moved to this city, as a new MBA and an entrepreneur; you are …

Suppose the market demand curve for a good passes through thepoint (quantity dem

Suppose the market demand curve for a good passes through thepoint (quantity demanded=100: price=$25). If there are five buyersin the market, then a. the marginal buyer's willingn…

Suppose the market demand for Cashews is as follows: Qc = 500 + (.01)I – 100Pc -

Suppose the market demand for Cashews is as follows: Qc = 500 + (.01)I – 100Pc - 25Pb             Qc = Quantity of Cashews demanded                            I = Income Pc = Pric…

Suppose the market demand for Cashews is as follows: Qc = 500 + (.01)I – 100Pc -

Suppose the market demand for Cashews is as follows: Qc = 500 + (.01)I – 100Pc - 25Pb Qc = Quantity of Cashews demanded I = Income Pc = Price of Cashews Pb = Price of Beer Find th…

Suppose the market demand for honey can be described by P = 100 – 2Q, and that t

Suppose the market demand for honey can be described by P = 100 – 2Q, and that the beekeepers’ aggregate supply is given by P=20+3Q, where Q is the number of hives. Now suppose th…

Suppose the market demand function (expressed in dollars) for a normal product i

Suppose the market demand function (expressed in dollars) for a normal product is P=80-q, and the marginal cost (in dollars) of producing it is MC=1q, where P is the price of the …

Suppose the market demand function (expressed in dollars) for a normal product i

Suppose the market demand function (expressed in dollars) for a normal product is P=80-q, and the marginal cost (in dollars) of producing it is MC=1q, where P is the price of the …

Suppose the market for Android smart phones is perfectly competitive. All rms ar

Suppose the market for Android smart phones is perfectly competitive. All rms are identical with the same cost functions: TC = q2 + 80q + 100, MC = 2q + 80, (q is the quantity pro…

Suppose the market for T-Shirts in the country of Argonia is perfectly competiti

Suppose the market for T-Shirts in the country of Argonia is perfectly competitive, and the price of a T-Shirt is $20. A producer in this market has the following total cost and m…

Suppose the market for a certain dosage of generic cholesterol-lowering statin d

Suppose the market for a certain dosage of generic cholesterol-lowering statin drugs has a supply described by P=15.88+0.19Q (with price measured in cents per capsule and quantity…

Suppose the market for agricultural machinery, including crop sprayers, in a reg

Suppose the market for agricultural machinery, including crop sprayers, in a region is monopolized by one company, Jack ReinDeere. The market demand for sprayers is given by Q = 1…

Suppose the market for apples is perfectly competitive. The short-run average to

Suppose the market for apples is perfectly competitive. The short-run average total cost and marginal cost of growing apples for an individual grower are illustrated in the figure…

Suppose the market for autoworkers is initially in equilibrium, but then the dem

Suppose the market for autoworkers is initially in equilibrium, but then the demand for automobiles increases and simultaneously the automakers allow autoworkers workers less flex…

Suppose the market for car batteries is a perfectly competitive market, but that

Suppose the market for car batteries is a perfectly competitive market, but that the production of car batteries creates external costs from water pollution. Recall that in a perf…

Suppose the market for car batteries is a perfectly competitive market, but that

Suppose the market for car batteries is a perfectly competitive market, but that the production of car batteries creates external costs from water pollution. Recall that in a perf…

Suppose the market for cheesecake is a perfectly competitive market—that is, sel

Suppose the market for cheesecake is a perfectly competitive market—that is, sellers take the market price as given. Sam owns a restaurant where he sells cheesecake. The following…

Suppose the market for cigarettes is characterized by the following information:

Suppose the market for cigarettes is characterized by the following information: Qd=70–5P [Demand] Qs=3P–10 [Supply] [Note: P = price per unit; Qd = thousands of units demanded; Q…

Suppose the market for cigarettes is characterized by the following information:

Suppose the market for cigarettes is characterized by the following information: Suppose the government imposes a sales tax of S2 per unit. Answer questions (i) through (v) below:…

Suppose the market for cigarettes is characterized by the following information:

Suppose the market for cigarettes is characterized by the following information: Qd = 70 – 5P [Demand] Qs = 3P – 10 [Supply] [Note: P = price per unit; Qd = thousands of units dem…

Suppose the market for cigarettes is characterized by the following information:

Suppose the market for cigarettes is characterized by the following information: Qd = 70 – 5P [Demand] Qs = 3P – 10 [Supply] [Note: P = price per unit; Qd = thousands of units dem…

Suppose the market for cigarettes is characterized by the following information:

Suppose the market for cigarettes is characterized by the following information: Qd = 70 – 5P [Demand] Qs = 3P – 10 [Supply] Suppose the government imposes a sales tax of $2 per u…

Suppose the market for euros is initially in equilibrium at $1.00 per euro and 4

Suppose the market for euros is initially in equilibrium at $1.00 per euro and 4 billion euros, as seen on the graph below. Suppose an economic downturn in the United States leads…

Suppose the market for euros is initially in equilibrium at $1.00 per euro and 4

Suppose the market for euros is initially in equilibrium at $1.00 per euro and 4 billion euros, as seen on the graph below. Suppose an economic downturn in the United States leads…

Suppose the market for ice cream cones is made up of three consumers:: Josh,Dais

Suppose the market for ice cream cones is made up of three consumers:: Josh,Daisuke, and Tim. Use the information in the following table, how would I construct the market demand c…

Suppose the market for in-home child-care service (\"baby sitting\") in East Lan

Suppose the market for in-home child-care service ("baby sitting") in East Lansing is shown in below. Child-care service suppliers arc local high school students and MSU undergrad…

Suppose the market for in-home child-care service (“baby sitting”) in East Lansi

Suppose the market for in-home child-care service (“baby sitting”) in East Lansing is shown in below.   Child-care service suppliers are local high school students and MSU undergr…

Suppose the market for laptop computers is perfectly competitive, with the follo

Suppose the market for laptop computers is perfectly competitive, with the following demand and supply equations for quantity per month: Q^S = 10P - 10,000 Q^D = -5P + 20,000 Solv…

Suppose the market for low-skilled labor is in equilibrium, and then two things

Suppose the market for low-skilled labor is in equilibrium, and then two things happen at the same time. First, a large number of low-skill immigrants enters the country, competin…

Suppose the market for physicians was perfectly competitive (though we know it i

Suppose the market for physicians was perfectly competitive (though we know it is not) and was represented by this graph and is currently operating at price of $80 for a visit. An…

Suppose the market for physicians was perfectly competitive (though we know it i

Suppose the market for physicians was perfectly competitive (though we know it is not) and was represented by this graph and is currently operating at price of $80 for a visit. An…

Suppose the market for watermelons can be described by the graph below. a. If Jo

Suppose the market for watermelons can be described by the graph below. a. If Jon is willing to pay as much as $8 for a watermelon, how much surplus would he receive if he pays th…

Suppose the market for widgets can be described by the following equations QD- 1

Suppose the market for widgets can be described by the following equations QD- 10 P and Qs 4 P Where P is price in dollars and Q is the quantity in thousands of units. Then: (a) W…

Suppose the market for widgets can be described by the following equations: Dema

Suppose the market for widgets can be described by the following equations: Demand: P = 14 – 1.00Q Supply: P = 1.00Q – 6, Where P is the price in dollars per unit and Q is the qua…

Suppose the market for widgets can be described by the following equations: Dema

Suppose the market for widgets can be described by the following equations: Demand: P= 10-1.00Q Supply: P= 1.00Q-4, where P is the price in dollars per unit and Q is the quantity …

Suppose the market is perfectly competitive. Equilibrium market price and output

Suppose the market is perfectly competitive. Equilibrium market price and output will be A. P_1,X_2 B. P_2, X_3 C. P_3,X_1 D. P_1, X_4 E. P_3, X_2 3. Now suppose the same market i…

Suppose the market price of corn is $5.50 per bushel. Which of the following is

Suppose the market price of corn is $5.50 per bushel. Which of the following is not one of the three conditions that will need to be satisfied for the corn market to be in equilib…

Suppose the market supply and demand for guitars is given by: Demand: P = 300 -

Suppose the market supply and demand for guitars is given by: Demand: P = 300 - (1/2)Q Supply: P = 100 + (1/3)Q What is the equilibrium price and quantity of the product? What is …

Suppose the mayor’s advisory committee report on the possible economic impacts o

Suppose the mayor’s advisory committee report on the possible economic impacts of hosting the summer olympics proposes that there will be 1.5 million attendees at the olympic even…

Suppose the money demand function is given by Md / P = 640 + 0.1 Y - 5000 ( r +

Suppose the money demand function is given by                                     Md/P = 640 + 0.1Y - 5000 (r + pi^e). Suppose the central bank changes the nominal money supply de…

Suppose the money demand function takes the form (M/P) d =L(i,Y)=Y/(5i) a.) If o

Suppose the money demand function takes the form (M/P)d=L(i,Y)=Y/(5i) a.) If output grows at a rate g, at what rate will the demand for real balances grow (assuming constant nomin…

Suppose the money supply (as measured by checkable deposits) is currently $150 b

Suppose the money supply (as measured by checkable deposits) is currently $150 billion. The required reserve ratio is 10%. Banks hold $15 billion in reserves, so there are no exce…

Suppose the money supply (as measured by checkable deposits) is currently $700 b

Suppose the money supply (as measured by checkable deposits) is currently $700 billion. The required reserve ratio is 25%. Banks hold $175 billion in reserves, so there are no exc…

Suppose the money supply (as measured by checkable deposits) is currently S750 b

Suppose the money supply (as measured by checkable deposits) is currently S750 billion. The required reserve ratio is 30%. Banks hold S225 billion in reserves. Thus, there are no …

Suppose the money supply (as measured by deposits) is currently $250 billion. Th

Suppose the money supply (as measured by deposits) is currently $250 billion. The reserve requirement is 20%. Bank hold $50 billion in reserves, so there are no excess reserves. T…

Suppose the money supply is currently $400, all in the hands of individuals, and

Suppose the money supply is currently $400, all in the hands of individuals, and apples cost $1 apiece. a) How many apples can those individuals buy with the money in their pocket…

Suppose the nation of Guilder has the consumer spending, investment, government

Suppose the nation of Guilder has the consumer spending, investment, government spending, exports, imports, previous year's CPI and population given below. What is its real GDP pe…