Economics

Suppose there are two types of people, Healthy and Unhealthy. It\'s expensive to

Suppose there are two types of people, Healthy and Unhealthy. It's expensive to insure unhealthy people for obvious reasons. It's relatively inexpensive to insure healthy people b…

Suppose there are two types of people. Healthy and Unhealthy. It\'s expensive to

Suppose there are two types of people. Healthy and Unhealthy. It's expensive to insure unhealthy people for obvious reasons. It's relatively inexpensive to insure healthy people b…

Suppose there are two types of people. Healthy and Unhealthy. It\'s expensive to

Suppose there are two types of people. Healthy and Unhealthy. It's expensive to insure unhealthy people for obvious reasons. It's relatively inexpensive to insure healthy people b…

Suppose there are two types of workers. Type 1 workers have a marginal product o

Suppose there are two types of workers. Type 1 workers have a marginal product of labor (MPL) = 1. That is, if a firm hires an extra Type I worker, that worker will produce 1 extr…

Suppose there are two uses of land. Beef is produced from cattle according to th

Suppose there are two uses of land. Beef is produced from cattle according to the production function b-min(A,L) and wool is p where L is labor and A is land. Suppose that the pri…

Suppose there are two very similar countries (call them Countries A and B). Both

Suppose there are two very similar countries (call them Countries A and B). Both countries have thesame population and neither is experiencing population growth (that is, N is ide…

Suppose there are two very similar countries (call them Countries A and B). Both

Suppose there are two very similar countries (call them Countries A and B). Both countries have the same population and neither is experiencing population growth (that is, N is id…

Suppose there are two very similar countries (call them Countries C and D). Both

Suppose there are two very similar countries (call them Countries C and D). Both countries have the same population, and they are both experiencing the same population growth (tha…

Suppose there are two very similar countries (call them Countries C and D). Both

Suppose there are two very similar countries (call them Countries C and D). Both countries have the same population, and they are both experiencing the same population growth (tha…

Suppose there are two very similar countries (call them E and F). Both countries

Suppose there are two very similar countries (call them E and F). Both countries have the same population and neither is experiencing population growth (that is, N is identical an…

Suppose there are two very similar countries (call them G and H). Both countries

Suppose there are two very similar countries (call them G and H). Both countries have the same population and both are experiencing population growth at the same rate (that is, N …

Suppose there are two very similar countries (call them G and H). Both countries

Suppose there are two very similar countries (call them G and H). Both countries have the same population and both are experiencing population growth at the same rate (that is, N …

Suppose there is a $1 trillion increase in the money supply that causes the aggr

Suppose there is a $1 trillion increase in the money supply that causes the aggregate demand curve to shift rightward If people do not anticipate the increase in the money supply,…

Suppose there is a bill to increase tax on cigarettes by $1 per pack coupled wit

Suppose there is a bill to increase tax on cigarettes by $1 per pack coupled with an income tax cut of $500. suppose a person smokes an average of 500 packs of cigarettes per year…

Suppose there is a competitive market for red wine in which there are many buyer

Suppose there is a competitive market for red wine in which there are many buyers and producers. An influential study is released providing evidence that drinking red wine lowers …

Suppose there is a decrease in the global supply of coffee, resulting in an incr

Suppose there is a decrease in the global supply of coffee, resulting in an increase in the global price of coffee. All other things held constant, the likely impact on the global…

Suppose there is a direct relationship between the quantity demanded of a consum

Suppose there is a direct relationship between the quantity demanded of a consumer good and the price of a related service. Circle the letter or letters corresponding to statement…

Suppose there is a family farm with l acres of land. The output from the farm is

Suppose there is a family farm with l acres of land. The output from the farm is y = zf(l) = zl^a for a element of (0,1). The family can choose to have a certain number of childre…

Suppose there is a monopolistically competitive market with n identical firms, s

Suppose there is a monopolistically competitive market with n identical firms, such that each firm produces the same quantity,q. Further, the market is in the monopolistically com…

Suppose there is a policy debate regarding the United States imposing trade rest

Suppose there is a policy debate regarding the United States imposing trade restrictions on imported tires: Domestic producers of tires send a lobbyist to the U.S. government to r…

Suppose there is a policy debate regarding the United States\' imposing trade re

Suppose there is a policy debate regarding the United States' imposing trade restrictions on imported tires: Domestic producers of tires send a lobbyist to the U.S. government to …

Suppose there is a simultaneous fiscal expansion and monetary expansion. We know

Suppose there is a simultaneous fiscal expansion and monetary expansion. We know with certainty that the interest rate will increase. output will increase. both output and the int…

Suppose there is a widespread improvement in management practices across an indu

Suppose there is a widespread improvement in management practices across an industry that employs skilled labour. If the labour supply of skilled workers is upward sloping, what h…

Suppose there is an increase in the saving rate. This increase in the saving rat

Suppose there is an increase in the saving rate. This increase in the saving rate must cause an increase in consumption per capita in the long run when 1.capital per worker approa…

Suppose there is an options market in SO2 permits, where each permit entitles on

Suppose there is an options market in SO2 permits, where each permit entitles one ton of SO2 emissions. Suppose that running a scrubber costs $65 per year per ton of SO2 removed, …

Suppose there is an unexpected slowdown in the rate of productivity growth in th

Suppose there is an unexpected slowdown in the rate of productivity growth in the economy so that forecasters consistently overestimate the growth rate of GDP. If the central bank…

Suppose there is currently a tax of $50 per ticket on airline tickets. Sellers o

Suppose there is currently a tax of $50 per ticket on airline tickets. Sellers of airline tickets are required to pay the tax to the government. If the tax is reduced from $50 per…

Suppose there is only one kind of deposit in the banking industry, a checking de

Suppose there is only one kind of deposit in the banking industry, a checking deposit. Suppose Bank A (one of many banks in the economy) holds deposits of $160,000 and total reser…

Suppose there is only one producer of frames, a necessary component in manufactu

Suppose there is only one producer of frames, a necessary component in manufacturing computer monitors. Because of the threat of entry, this firm charges its customers a price equ…

Suppose there\'s an increase in the demand for nursing services, coupled with a

Suppose there's an increase in the demand for nursing services, coupled with a decrease in the supply of nurses. If there's no change in the wages paid to nurses, a. there will be…

Suppose therequired reserve ratios 20%. What is the maximum amount oftotal money

Suppose therequired reserve ratios 20%. What is the maximum amount oftotal money supply that can be created from an initial deposit of $200? In general, why might the actual amoun…

Suppose three firms confront the following costs for pollution control: Total Co

Suppose three firms confront the following costs for pollution control: Total Costs of Control Instructions: Enter your responses as a whole number. (a) If each firm must reduce e…

Suppose three firms confront the following costs for pollution control: Total Co

Suppose three firms confront the following costs for pollution control: Total Costs of Control Emissions Reduction (tons per year) Firm A Firm B Firm C 1 $30 $40 $50 2 $70 $100 $1…

Suppose three firms face the same total market demand for their product. This de

Suppose three firms face the same total market demand for their product. This demand is         P                                               Q $80                              …

Suppose three firms face the same total market demand for their product. This de

Suppose three firms face the same total market demand for their product. This demand is: Suppose further that all three firms are selling their product for dollar60 and each has a…

Suppose today is Oct 23, 2013. A bond with a 10% coupon paid semiannually every

Suppose today is Oct 23, 2013. A bond with a 10% coupon paid semiannually every February 15 and August15 is listed as selling at an ask price of 102:11. If you buy the bond from a…

Suppose total quantity supplied is 100 units and total quantity demanded is 150

Suppose total quantity supplied is 100 units and total quantity demanded is 150 units at the current market price. (Assume an upward sloping supply curve and downward sloping dema…

Suppose two Cournot competitors, called A & B, each have total cost of 20 + 10x,

Suppose two Cournot competitors, called A & B, each have total cost of 20 + 10x, where x is a firm's output choice. Say demand is X = 1400 - P, where P is price. If firm B pro…

Suppose two cell phone providers (Horizon and Runfast) are trying to decide whet

Suppose two cell phone providers (Horizon and Runfast) are trying to decide whether to advertise. The firms may each either advertise or not advertise. The corresponding payoffs (…

Suppose two companies, A and B, are the only two airlines operating in the same

Suppose two companies, A and B, are the only two airlines operating in the same market. Each airline decides whether to charge a high price (H) or a low price (L) for a ticket. In…

Suppose two companies, A and B, are the only two airlines operating in the same

Suppose two companies, A and B, are the only two airlines operating in the same market. Each airline decides whether to charge a high price (H) or a low price (L) for a ticket. In…

Suppose two companies, Sony and Magnavox, are competing in a duopoly. If both co

Suppose two companies, Sony and Magnavox, are competing in a duopoly. If both companies charge a high price, they each earn $700 million in economic profit. If both companies char…

Suppose two countries Mexico and Canada both produce two goods wheat and coffee,

Suppose two countries Mexico and Canada both produce two goods wheat and coffee, suppose the relative price of wheat in Mexico is 2.5 but in Canada it is 0.5. If they both special…

Suppose two countries have 4 and 9 years of average schooling respectively. Prim

Suppose two countries have 4 and 9 years of average schooling respectively. Primary schooling makes up the first four years, secondary schooling makes up the next four and the rem…

Suppose two countries, H and F, are in international general equilibrium at some

Suppose two countries, H and F, are in international general equilibrium at some price ratio P*-Px/Py. They produce two goods, X and Y, using two factors of production, L and K. Y…

Suppose two firms ( Firm 1 and Firm 2) are competing against each other in a ( d

Suppose two firms ( Firm 1 and Firm 2) are competing against each other in a ( duopoly) market. Suppose further that the demand is given by the equation P= 700-30(q1+q2), where P …

Suppose two firms compete by selecting quantities q1 and q2, respectively, with

Suppose two firms compete by selecting quantities q1 and q2, respectively, with the market price given by p = 1000 – 3q1 -3q2. Firm 1 (the incumbent) is already in the market. Fir…

Suppose two friends are going out to lunch to eat pizza and have the following i

Suppose two friends are going out to lunch to eat pizza and have the following identical utilities over pizza (P) and other goods (M): U Toby(M, P) = U Josh(M, P) = M + P . Both p…

Suppose two goods (X and Y) are being produced efficiently and that the producti

Suppose two goods (X and Y) are being produced efficiently and that the production of X is always more labor intensive than the production of Y. Production depends only on two fac…

Suppose two goods are produced: capital goods (on the y-axis) and consumer goods

Suppose two goods are produced: capital goods (on the y-axis) and consumer goods (on the x-axis) Consider the following events and identify how the PPF will change Event A new com…