Economics

Suppose the savings rates by income quartiles in Indonesia are given by the foll

Suppose the savings rates by income quartiles in Indonesia are given by the following: 1st quartile - 5% savings rate 2nd quartile- 7% savings rate 3rd quartile- 10% savings rate …

Suppose the short run total cost functions for all existing and potential firms

Suppose the short run total cost functions for all existing and potential firms in a competitive industry are given by: TC = 100 + 10q + q 2 , where q is the output level of the f…

Suppose the short run total cost functions for all existing and potential firms

Suppose the short run total cost functions for all existing and potential firms in a competitive industry are given by: TC = 100 + 10q + q 2 , where q is the output level of the f…

Suppose the short-run equilibrium level of real GDP is $4,000 billion and the MP

Suppose the short-run equilibrium level of real GDP is $4,000 billion and the MPC = 0.75. If full employment (natural) real GDP is $5,000 billion, what fiscal policy action could …

Suppose the short-run production function is q = 10 * L. If the wage rate is $10

Suppose the short-run production function is q = 10 * L. If the wage rate is $10 per unit of labor, then MC= A) q. B) q/10. C) 10/q. D) 1. -< Answer Can you please explain how …

Suppose the simplified consolidated balance sheet shown below is for the entire

Suppose the simplified consolidated balance sheet shown below is for the entire commercial banking system and that all figures are in billions of dollars. The reserve ratio is 10 …

Suppose the simplified consolidated balance sheet shown below is for the entire

Suppose the simplified consolidated balance sheet shown below is for the entire commercial banking system and that all figures are in billions of dollars. The reserve ratio is 25 …

Suppose the simplified consolidated balance sheet shown below is for the entire

Suppose the simplified consolidated balance sheet shown below is for the entire commercial banking system and that all figures are in billions of dollars. The reserve ratio is 25 …

Suppose the simplified consolidated balance sheet shown below is for the entire

Suppose the simplified consolidated balance sheet shown below is for the entire commercial banking system. All figures are in billions. The reserve ratio is 10 percent. What is th…

Suppose the simplified consolidated balance sheet shown below is for the entire

Suppose the simplified consolidated balance sheet shown below is for the entire commercial banking system and that all figures are in billions of dollars. The reserve ratio is 10 …

Suppose the simplified consolidated balance sheet shown below is for the entire

Suppose the simplified consolidated balance sheet shown below is for the entire commercial banking system and that all figures are in billions of dollars. The reserve ratio is 25 …

Suppose the simplified consolidated balance sheet shown below is for the entire

Suppose the simplified consolidated balance sheet shown below is for the entire commercial banking system. All figures are in billions. The reserve ratio is 25 percent. A. What am…

Suppose the simplified consolidated balance sheet shown below is for the entire

Suppose the simplified consolidated balance sheet shown below is for the entire commercial banking system and that all figures are in billions of dollars. The reserve ratio is 10 …

Suppose the simplified consolidated balance sheet shown in the right column is f

Suppose the simplified consolidated balance sheet shown in the right column is for the entire commercial banking system and that all figures are in billions of dollars. The reserv…

Suppose the situation is similar to (d), except that player B chooses fast. what

Suppose the situation is similar to (d), except that player B chooses fast. what is the equilibrium outcome? Blackadder and Baldrick are rational, self-interested criminals impris…

Suppose the stage game below is played twice. Find a subgame perfect Nash equili

Suppose the stage game below is played twice. Find a subgame perfect Nash equilibrium in which the outcome of the first round is (A, A). Ignore mixed strategies and assume the pla…

Suppose the state of Louisiana sets up its own flood insurance program. Because

Suppose the state of Louisiana sets up its own flood insurance program. Because the state agency in charge has few staff members, it will pay private insurance carriers to handle …

Suppose the supply and demand curves are given by Find the oquiWnum price and qu

Suppose the supply and demand curves are given by Find the oquiWnum price and quantity b If the current price is $10. what is the quantity demanded and quantity supplied and what …

Suppose the supply and demand schedules for cigarettes are as follow: What is th

Suppose the supply and demand schedules for cigarettes are as follow: What is the equilibrium price? What is the equilibrium quantity? Now, the government levies a $1.25 per carto…

Suppose the supply curve for pizza is given by Q^S = 2P, where Q^S is the quanti

Suppose the supply curve for pizza is given by Q^S = 2P, where Q^S is the quantity offered for sale when the prices is P. Also, suppose the demand curve for pizza is given by Q^D …

Suppose the supply curve of noisy surf-ski rentals on Sandy Bay beach is given b

Suppose the supply curve of noisy surf-ski rentals on Sandy Bay beach is given by p=5+0.1xQ where p is the daily rent per unit in dollars and is the volume of units rented in hund…

Suppose the supply function for product X s given by QxS = -30 + 2P, - 4P. a. Ho

Suppose the supply function for product X s given by QxS = -30 + 2P, - 4P. a. How much of product X is produced when P = $600 and P = $60? b. How much of product X is produced whe…

Suppose the supply-and-demand schedules for cigarettes are as follows: Price per

Suppose the supply-and-demand schedules for cigarettes are as follows: Price per Carton Quantity Demanded Quantity Supplied $3.00 360 160 3.25 330 180 3.50 300 200 3.75 270 220 4.…

Suppose the table below shows the demand curve facing a monopolist who produces

Suppose the table below shows the demand curve facing a monopolist who produces at a constant marginal cost of $8 per unit a. What is the firm’s demand curve and marginal revenue …

Suppose the tax on liquor is increased so that the tax goes from being a \"mediu

Suppose the tax on liquor is increased so that the tax goes from being a "medium" tax to being a "large" tax. As a result, it is likely that: a. tax revenue increases, and the dea…

Suppose the tax rate is 10% on the first $20,000 of taxable income, then 25% on

Suppose the tax rate is 10% on the first $20,000 of taxable income, then 25% on the next $30,000, then 50% on all taxable income above $50,000. The government also provides a $4,0…

Suppose the tax rate on the first $10,000 income is 0; 10 percent on the next $2

Suppose the tax rate on the first $10,000 income is 0; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $30,000; and 40 percent on any income…

Suppose the tax rates for single wage earners are: 00000 - 9999 = 0% 10000 - 199

Suppose the tax rates for single wage earners are: 00000 - 9999 = 0% 10000 - 19999 = 10% 20000 - 29999 = 22% 30000 - 39999 = 35% 40000 and above = 60% 1.)Calculate the marginal ta…

Suppose the the monopoly shown in the graph above sells 20 units at $30 each: Ba

Suppose the the monopoly shown in the graph above sells 20 units at $30 each: Based on the graph calculate the firm's profit per unit ________________ Based on the graph calculate…

Suppose the total benefit derived from a given decision, Q, is B(Q)=25Q-Q^2 and

Suppose the total benefit derived from a given decision, Q, is B(Q)=25Q-Q^2 and the corresponding total cost is C(Q) = 5 + Q^2, so that MB(Q) = 25 -2Q and MC(Q) = 2Q What is the t…

Suppose the total demand for wheat and the total supply of wheat per month in th

Suppose the total demand for wheat and the total supply of wheat per month in the Kansas City grain market are as shown in the nearby table. Suppose that the government establishe…

Suppose the town of Boone has a total population of 50,000 people. Of those, 45,

Suppose the town of Boone has a total population of 50,000 people. Of those, 45,000 people are employed. There are 1,000 full-time students who are not employed or actively seekin…

Suppose the town of Boone has a total population of 60,000 people. Of those, 56,

Suppose the town of Boone has a total population of 60,000 people. Of those, 56,000 people are employed. There are 2,000 full-time students who are not employed or actively seekin…

Suppose the transactions demand for money is equal to 10% of the nominal GDP, th

Suppose the transactions demand for money is equal to 10% of the nominal GDP, the supply of money is $450 billion, and the asset demand for money is that shown in the table. Inter…

Suppose the two industries exhibit the following market shares for firms: Indust

Suppose the two industries exhibit the following market shares for firms:                   Industry A                   Industry B Firm 1         26%                            2…

Suppose the typical Florida resident has wealth of $500,000 of which his or her

Suppose the typical Florida resident has wealth of $500,000 of which his or her home is worth $100,000. Unfortunatly Florida is infamous for its hurricanes, and it is belived ther…

Suppose the typical Florida resident has wealth of $500,000, of which his or her

Suppose the typical Florida resident has wealth of $500,000, of which his or her home is worth $100,000. Unfortunately, Florida is in hurricane alley, and it is believed there is …

Suppose the typical Florida resident has wealth of $500,000, of which his or her

Suppose the typical Florida resident has wealth of $500,000, of which his or her home is worth $100,000. Unfortunately, Florida is in hurricane alley, and it is believed there is …

Suppose the unemployment rate is 7% under one of these two outcomes and 5% under

Suppose the unemployment rate is 7% under one of these two outcomes and 5% under the other. Based on the previous graph, you would expect _______(outcome A/outcome B) to be associ…

Suppose the utility function for goods x and y is given by utility = U(x,y)=xy+y

Suppose the utility function for goods x and y is given by utility = U(x,y)=xy+y a. Calculate the uncompensated (Marshallian) demand functions for x and y and describe how the dem…

Suppose the utility function for goods x and y is given by utility = U(x,y)=xy+y

Suppose the utility function for goods x and y is given by utility = U(x,y)=xy+y a. Calculate the uncompensated (Marshallian) demand functions for x and y and describe how the dem…

Suppose the velocity of money is 10 transactions per year, the price level for 2

Suppose the velocity of money is 10 transactions per year, the price level for 2015 is $5, and real GDP in 2015 is $5,000,000. 3. What is nominal GDP in 2015? 4. What is the money…

Suppose the weekly demand and supply curves for used DVDs in Lincoln, Nebraska,

Suppose the weekly demand and supply curves for used DVDs in Lincoln, Nebraska, are as shown in the diagram: Use the following values for the graph above: Calculate the following …

Suppose the welfare benefit formula is Benefit = $4,800 – 0.67 (Wages > $6,000)

Suppose the welfare benefit formula is Benefit = $4,800 – 0.67 (Wages > $6,000) Instructions: Enter your responses as a percent to the nearest whole number. (a) What is the mar…

Suppose the welfare benefit formula is Benefit = $4,800 – 0.67 (Wages > $6,000)

Suppose the welfare benefit formula is Benefit = $4,800 – 0.67 (Wages > $6,000) Instructions: Enter your responses as a percent to the nearest whole number. (a) What is the mar…

Suppose the wine industry is formed by many small identical firms. A representat

Suppose the wine industry is formed by many small identical firms. A representative firm's long run cost function is C(y_i) = 49.5 - 0.5 y^2_i+ y^3_i if y_i > 0, C(y_i) = 0 oth…

Suppose the working-age population of a fictional economy falls into the followi

Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60 have full-time employment; 20 have part-time employ…

Suppose the world price for a good is 40 and the domestic demand and supply cure

Suppose the world price for a good is 40 and the domestic demand and supply cureves are given as: Demand: P=80-2Q Supply: P=5+3Q A) How much is consumed? B) How much is produced a…

Suppose the world price of cotton falls substantially. The demand for labor amon

Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will.The demand for labor among textile-producing firms in South …

Suppose the world price of cotton rises substantially. The demand for labor amon

Suppose the world price of cotton rises substantially. The demand for labor among cotton-producing firms in Texas will _____. The demand for labor among textile-producing firms in…