Economics

Suppose we model the electoral conict in 2004 in Ukraine between supporters of Y

Suppose we model the electoral conict in 2004 in Ukraine between supporters of Yushchenko and Yanukovych as a game. Let’s say Yanukovych (who is already in power, and who won the …

Suppose we started out at the steady state capital stock in the basic Solow grow

Suppose we started out at the steady state capital stock in the basic Solow growth model. Ift subsequently were an increase in the demand for loanable funds due to more favorable …

Suppose we started out at the steady state capital stock in the basic Solow grow

Suppose we started out at the steady state capital stock in the basic Solow growth model. If there subsequently were a decrease in the supply of loanable funds due to less favorab…

Suppose we started out at the steady state capital stock in the basic Solow grow

Suppose we started out at the steady state capital stock in the basic Solow growth model. If the government reduced the budget deficit (ceteris paribus) with a tax increase on per…

Suppose we want to choose an optimal level of heating for our classroom. However

Suppose we want to choose an optimal level of heating for our classroom. However, the class is divided. Four people are often cold have an aggregate (cold) marginal benefit, MBC, …

Suppose we want to test whether true population parameter equals a certain numbe

Suppose we want to test whether true population parameter equals a certain number. Consider the following hypothesis test Where Ho is the null hypothesis, H1 is the alternative hy…

Suppose when Russia opens to trade, it imports automobiles, a capital-intensive

Suppose when Russia opens to trade, it imports automobiles, a capital-intensive good. (a)According to the Heckscher-Ohlin Theorem, is Russia capital abundant or labor abundant? Br…

Suppose when a monopolist produces 75 units its average revenue is $10 per unit,

Suppose when a monopolist produces 75 units its average revenue is $10 per unit, its marginal revenue is $5 per unit, its marginal cost is $6 per unit, and its average total cost …

Suppose when a monopolist produces 75 units its average revenue is $10 per unit,

Suppose when a monopolist produces 75 units its average revenue is $10 per unit, its marginal revenue is $5 per unit, its marginal cost is $6 per unit, and its average total cost …

Suppose you analyze the relationship between wages in dollars (wage) and height

Suppose you analyze the relationship between wages in dollars (wage) and height in inches (height), and obtain the following results: wage = 32519 + 532 height You are invited to …

Suppose you and your brother go out for dinner. Your brother orders a cheeseburg

Suppose you and your brother go out for dinner. Your brother orders a cheeseburger and fries. When the food first arrives, you ask your brother if you can have a few fries. He loo…

Suppose you and your brother go out for dinner. Your brother orders a cheeseburg

Suppose you and your brother go out for dinner. Your brother orders a cheeseburger and fries. When the food first arrives, you ask your brother if you can have a few fries. He loo…

Suppose you are a China-based investor who just sold Australian Commonwealth Ban

Suppose you are a China-based investor who just sold Australian Commonwealth Bank (CBA) shares that you had bought six months ago. You had invested Yuan446,000 to buy CBA shares f…

Suppose you are a China-based investor who just sold Australian Commonwealth Ban

Suppose you are a China-based investor who just sold Australian Commonwealth Bank (CBA) shares that you had bought six months ago. You had invested Yuan446,000 to buy CBA shares f…

Suppose you are a bank manager. Interest rates for lending are currently at 4.5%

Suppose you are a bank manager. Interest rates for lending are currently at 4.5% and borrowing at 3.8%. You strongly interest rates will rise in the next six month and the new len…

Suppose you are a currency trader for BRADESCO and you see the following currenc

Suppose you are a currency trader for BRADESCO and you see the following currency quotes from CITI Bank, ITAU, and CAIXA Economica Federal Banks. Bank Quotation Description Quote …

Suppose you are a firm in a duopoly and have to decide whether to produce a high

Suppose you are a firm in a duopoly and have to decide whether to produce a high quantity or a low quantity. Your profit depends not only on what you choose, but also on what your…

Suppose you are a firm in a duopoly and have to decide whether to produce a high

Suppose you are a firm in a duopoly and have to decide whether to produce a high quantity or a low quantity. Your profit depends not only on what you choose, but also on what your…

Suppose you are a freshman in college and you have not declared a major. One rea

Suppose you are a freshman in college and you have not declared a major. One reason you enrolled at your respective college was the school's vibrant social life. At the same time,…

Suppose you are a freshmen in college and you have not declared a major. One rea

Suppose you are a freshmen in college and you have not declared a major. One reason you enrolled at your respective college was the school's vibrant social life. At the same time,…

Suppose you are a lender. The T-bill interest rate is 1.4%. If you do not lend t

Suppose you are a lender. The T-bill interest rate is 1.4%. If you do not lend to a borrower during a round of the experiment, which one of the following would happen in that roun…

Suppose you are a manager of a firm that produces products X, Y and Z. You know

Suppose you are a manager of a firm that produces products X, Y and Z. You know that there are two different types of consumers, type 1 and type 2, who value your products differe…

Suppose you are a member of a local soccer club. The goal of your soccer is to i

Suppose you are a member of a local soccer club. The goal of your soccer is to increase the amount of revenue earned from ticket sales in the local competition. Two executives of …

Suppose you are a monopolist operating two plants at different locations. Both p

Suppose you are a monopolist operating two plants at different locations. Both plants produce the same product; Q1 is the quantity produced at plant 1 and Q2 is the quantity produ…

Suppose you are a painter, and the price of a gallon of paint increases from $3.

Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon. Your usage of paint drops from 35 gallons a month to 20 gallons a mo…

Suppose you are a perfectly competitive farmer producing corn. Your costs are gi

Suppose you are a perfectly competitive farmer producing corn. Your costs are given by: C(q, w) wq2-10q 100, where q refers to the quantity that you alone produce and w is the hou…

Suppose you are a policy maker in the U.S. who wants to provide protection to im

Suppose you are a policy maker in the U.S. who wants to provide protection to import-competing producers. Which of the following policies will you choose? Explain why. (Hint: Whic…

Suppose you are a risk-neutral manager attempting to hire a new sales manager. A

Suppose you are a risk-neutral manager attempting to hire a new sales manager. All of the workers in the market have the same ability to manage and sell, but differ with respect t…

Suppose you are a thirty-year-old worker choosing between an IRA, a ROTH IRA and

Suppose you are a thirty-year-old worker choosing between an IRA, a ROTH IRA and aregular brokerage account. Your marginal federal tax rate is 15% now and 15% inretirement. Your i…

Suppose you are a typical person in the U.S. Economy. You pay 4 percent of your

Suppose you are a typical person in the U.S. Economy. You pay 4 percent of your income in a state income tax and 15.3 percent of your labor earnings in federal payroll taxes (empl…

Suppose you are a wheat farmer. It is September, and you intend to have 50,000 b

Suppose you are a wheat farmer.  It is September, and you intend to have 50,000 bushels of wheat harvested and ready to sell in November.  The current spot market price is $2.50 p…

Suppose you are an analyst for the Coca-Cola company. An individual\'s inverse d

Suppose you are an analyst for the Coca-Cola company. An individual's inverse demand for Coca-Cola is estimated to be P = 98 - 4Q (in cents). If Coca-Cola is produced according to…

Suppose you are an investor with a choice between three securities that are iden

Suppose you are an investor with a choice between three securities that are identical in every way except in terms of their rates of return and risk. Which security has the least …

Suppose you are asked to evaluate a policy that addresses urban smog problem in

Suppose you are asked to evaluate a policy that addresses urban smog problem in the Chicagoland area. This policy is one of the several ozone-reducing policy options evaluated usi…

Suppose you are assessing Firm XYZ’s competitive strategy. The firm is not a per

Suppose you are assessing Firm XYZ’s competitive strategy. The firm is not a perfect competitor and so it has control over its pricing strategy. The firm has sunk costs of $3.4 bi…

Suppose you are considering an investment project that requires $800.000, has a

Suppose you are considering an investment project that requires $800.000, has a six-year life, and has a salvage value of $100,000. Sales volume is projected to be 65,000 units pe…

Suppose you are considering starting your own consulting firm. You estimate if t

Suppose you are considering starting your own consulting firm. You estimate if that if you did not start the firm, your starting salary at a job would be $40,000/yr. The revenues …

Suppose you are consuming two goods, A and B. Your marginal utility of good A is

Suppose you are consuming two goods, A and B. Your marginal utility of good A is 20, and your marginal utility of good B is 4. The price of good A is $10, and the price of good B …

Suppose you are currently earning $15 an hour. If the inflation rate over the cu

Suppose you are currently earning $15 an hour.  If the inflation rate over the current year is 10 percent and your firm provides a cost-of-living raise based on the rate of inflat…

Suppose you are designed a new computer and want to make sure it is optimal for

Suppose you are designed a new computer and want to make sure it is optimal for your needs. Random Access Memory can be added to your computer at a cost of $100 per gigabyte. For …

Suppose you are doing a benefit-cost analysis of three alternative proposals for

Suppose you are doing a benefit-cost analysis of three alternative proposals for a vacant site. Proposal A (petting zoo) would yield net benefits of $30, $35, $40 and $15 in the f…

Suppose you are doing research on whether maternal income affects newborn birth

Suppose you are doing research on whether maternal income affects newborn birth weights. To analyze the question, you have data on 10 observations. The table below shows 8 observa…

Suppose you are earning $12 an hour at the local grocery store. At that wage you

Suppose you are earning $12 an hour at the local grocery store. At that wage you have decided to work 20 hours a week. If your wage were to increase to $19 an hour, thinking like …

Suppose you are earning $22,000 a year working as a sales representative for a T

Suppose you are earning $22,000 a year working as a sales representative for a T- shirt manufacturer. At some point you decide to open a retail store of your own to sell T-shirts.…

Suppose you are eating buffalo wings at a local happy hour. The total utils from

Suppose you are eating buffalo wings at a local happy hour. The total utils from doing so after the fourth, fifth, sixth, and seventh wings are 80, 116, 136, 150, respectively. Th…

Suppose you are given a sample of n observations and the following structure is

Suppose you are given a sample of n observations and the following structure is hypothesized to generate the observed regressions: Yi = 1 + 1 Xi + 1 Wi + 1 Zi + Ui for i = 1,..., …

Suppose you are given the following graph for McGraw Hill which sells in more th

Suppose you are given the following graph for McGraw Hill which sells in more than one market. Based on this graph, answer the following questions: (SHOW ALL CALCULATIONS TO RECEI…

Suppose you are given the following information about a particular industry: QD

Suppose you are given the following information about a particular industry: QD = 6500-100P Market demand QS = 1200P Short run market Supply C(q) = 784 + q2 /400 Firm total cost f…

Suppose you are given the following information about a particular industry: QD

Suppose you are given the following information about a particular industry: QD = 8500-200P Market demand Qs = 1500P Market supply C(q) = 601 + q2/400 Firm total cost function MC(…

Suppose you are given the following information about a particular industry: QP

Suppose you are given the following information about a particular industry: QP -8500-200P Qs= 1500P Market demand Market supply Firm total cost function C(g) = 601 +- 400 MC (q) …