Economics

Suppose you are the production manager for Widgets, Inc. Your job is to produce

Suppose you are the production manager for Widgets, Inc. Your job is to produce a fixed amount of output at the lowest cost possible. When you take over the position, you find tha…

Suppose you are the production manager for Widgets, Inc. Your job is to produce

Suppose you are the production manager for Widgets, Inc. Your job is to produce a fixed amount of output at the lowest cost possible. When you take over the position, you find tha…

Suppose you are the sole provider of water in a small town. The demand function

Suppose you are the sole provider of water in a small town. The demand function for the town's water supply is given by the function: Q = 650 - 4P. Your cost function is: TC = 200…

Suppose you are the world’s only consumer of oil, which you buy in a competitive

Suppose you are the world’s only consumer of oil, which you buy in a competitive market (Note: we want you to assume that you are a price-taker despite being the market’s only con…

Suppose you are told that average heigh of a person at your school is 57 inches

Suppose you are told that average heigh of a person at your school is 57 inches from a sample with a population standard deviation of 3 inches. If you take a sample of 49 students…

Suppose you are told that average heigh of a person at your school is 57 inches

Suppose you are told that average heigh of a person at your school is 57 inches from a sample with a population standard deviation of 3 inches. If you take a sample of 49 students…

Suppose you are visiting the local Big Y supermarket to purchase groceries. At t

Suppose you are visiting the local Big Y supermarket to purchase groceries. At the grocery, you see an advertisement for a store rewards card. The card offers gasoline discounts t…

Suppose you believe that the income elasticity of demand for state government se

Suppose you believe that the income elasticity of demand for state government services (measured by expenditures) is 0.80. If state per-capita income is expected to increase by 20…

Suppose you bought a $1 million dollar house with the down payment of 20%. You b

Suppose you bought a $1 million dollar house with the down payment of 20%. You borrowed the remaining 80% with some xed interest rate. (a) (5 points) What is your equity? (b) (6 p…

Suppose you bought a 10-year bond, which pays $50 at the end of each of the 10 c

Suppose you bought a 10-year bond, which pays $50 at the end of each of the 10 consecutive years and, after the tenth year, additional pays you $1000. You just collected your seve…

Suppose you bought a bond on October 1, 2015 for $1,000 that pays you interest a

Suppose you bought a bond on October 1, 2015 for $1,000 that pays you interest at 10% annually ($100 per year). The bond you purchased matures on October 1, 2025. Next year, on Oc…

Suppose you build and sell houses in a perfectly competitive market, and the mar

Suppose you build and sell houses in a perfectly competitive market, and the market price is $120,000. Your total costs are shown in the table below. (Note the cost figures reflec…

Suppose you buy your uncle\'s childhood house for $300,000 and rent it out to a

Suppose you buy your uncle's childhood house for $300,000 and rent it out to a friend for a yearly rent of $15,000. What should be added to GDP for the year? $300,000 should be ad…

Suppose you can hire a mechanic to work on your car for up to six hours. The tot

Suppose you can hire a mechanic to work on your car for up to six hours. The total benefit of repair work is B(H) = 654H 40H2 and the total cost is C(H) = 110H + 24H2 , where H is…

Suppose you can hire your mechanic in quarter-hour increments. For repair work u

Suppose you can hire your mechanic in quarter-hour increments. For repair work up to two hours, the total benefit (in dollars) is B(0) = 0, B(0.25) = 30, B(0.5) = 60, B(0.75) = 90…

Suppose you cannot buy information that completely removes the uncertainty from

Suppose you cannot buy information that completely removes the uncertainty from a business decision that you face, but you could reduces the degree of uncertainty Based on the dis…

Suppose you could quantify the amount of satisfaction you receive from consuming

Suppose you could quantify the amount of satisfaction you receive from consuming ice cream in money terms. You might say, "I expect to get $3 worth of satisfaction from this ice c…

Suppose you currently earn $30.000 a year. You are considering a job that will i

Suppose you currently earn $30.000 a year. You are considering a job that will increase your lifetime earnings by $300.000 but trial requires on MBA The job WB mean also attending…

Suppose you decide each month how much of your disposable income to spend on hea

Suppose you decide each month how much of your disposable income to spend on health insurance and on other goods. Suppose that both “health insurance” and “other goods” are normal…

Suppose you decide to hire a clerk to help you with completing a project you hav

Suppose you decide to hire a clerk to help you with completing a project you have been assigned to complete. The total benefit function you expect to derive expressed as a functio…

Suppose you decided to open a copy store.You rent store (signing a one year leas

Suppose you decided to open a copy store.You rent store (signing a one year lease),and you take out a loan at the local bank and use the money to purchase 10 copiers. Six month la…

Suppose you deposit $4,000 in currency into your checking account at Bank of Ame

Suppose you deposit $4,000 in currency into your checking account at Bank of America. Assume that Bank of America has no excess reserves at the time you make your deposit and that…

Suppose you enjoy watching television on PBS, a broadcast station which you can

Suppose you enjoy watching television on PBS, a broadcast station which you can receive on your TV with your antenna. In fact, your willingness-to-pay for a year’s worth of progra…

Suppose you estimate a model obtaining, wage=0.620+0.506 x educ + 2.27 x female

Suppose you estimate a model obtaining, wage=0.620+0.506 x educ + 2.27 x female were wage is measured in dollars/hours and female is binary variable that is equal to one if the pe…

Suppose you go shopping for a gift for a friend and also find a sweater that you

Suppose you go shopping for a gift for a friend and also find a sweater that you want for yourself. You pay cash for the gift and write a check for the sweater. Your purchases are…

Suppose you had the following information regarding the economy: Year Nominal Wa

Suppose you had the following information regarding the economy: Year Nominal Wage CPI 1997 $15.00 100 1998 $16.50 110 1999 $25.00 150 Choose one: Which of the following best desc…

Suppose you have $100,000 to place in a bank deposit in either the United States

Suppose you have $100,000 to place in a bank deposit in either the United States of Great Britain. The annual interest rate on bank deposits in the United States is = 6% and in Br…

Suppose you have $200 with which you can buy shares of stock from two companies:

Suppose you have $200 with which you can buy shares of stock from two companies: ABC Hot Chocolate Company and XYZ Lemonade. Each company's stock currently sells for $100 per shar…

Suppose you have 24 hours per day that you can allocate between leisure and work

Suppose you have 24 hours per day that you can allocate between leisure and working at a wage of $2 per hour. a.Draw your budget constraint between “leisure hours” on the horizont…

Suppose you have a 2 polluting sources in a region. With the objective to mitiga

Suppose you have a 2 polluting sources in a region.  With the objective to mitigate pollution the government sets emissions limits as 10 units per company (Ast).  As a market orie…

Suppose you have a clothes made in Qatar and Saudi Arabia as these countries are

Suppose you have a clothes made in Qatar and Saudi Arabia as these countries are listed as a top ten poorest country for the workers to work . Write an article about what you thin…

Suppose you have a fixed monthly budget for audio tapes and CDs, the price of CD

Suppose you have a fixed monthly budget for audio tapes and CDs, the price of CDs is $10 and tapes is $5. Further assume that your marginal utility of CD is 60, and your Marginal …

Suppose you have a mutually exclusive investment choice to make: you can choose

Suppose you have a mutually exclusive investment choice to make: you can choose A or B. If you choose to invest in A, your income, m, will be 5 with certainty. If you choose B, yo…

Suppose you have a mutually exclusive investment choice to make: you can choose

Suppose you have a mutually exclusive investment choice to make: you can choose A or B. If you choose to invest in A, your income, m, will be 5 with certainty. If you choose B, yo…

Suppose you have a negotiation between management an labor concerning labor wage

Suppose you have a negotiation between management an labor concerning labor wages. Management and labor do well when they each do the opposite of what the other does i.e the best …

Suppose you have a negotiation situation between Management and Labor concerning

Suppose you have a negotiation situation between Management and Labor concerning Labor wages. Management and Labor do well when they each do the opposite of what the other does i.…

Suppose you have a negotiation situation between management and labor do well wh

Suppose you have a negotiation situation between management and labor do well when they each do the opposite of what the other does I.e the best situations for both are : (I) for …

Suppose you have a production technology that can be characterized by a learning

Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit, your marginal cost decreases by $6. There a…

Suppose you have an offer of $200,000 to sell your house this year. The market r

Suppose you have an offer of $200,000 to sell your house this year. The market rate of interest is 10%. You expect to be able to sell your house next year for $230,000. 1. Should …

Suppose you have an offer of $200,000 to sell your house this year. The market r

Suppose you have an offer of $200,000 to sell your house this year. The market rate of interest is 10%. You expect to be able to sell your house next year for $230,000. How does t…

Suppose you have an offer of $200,000 to sell your house this year. The market r

Suppose you have an offer of $200,000 to sell your house this year. The market rate of interest is 10%. You expect to be able to sell your house next year for $230,000. In particu…

Suppose you have been hired as a financial consultant, and your job is to price

Suppose you have been hired as a financial consultant, and your job is to price two bonds, A and B. The bonds are identical in every way (e.g. they have the same coupon payment, m…

Suppose you have been hired as a management consultant by a major oil company to

Suppose you have been hired as a management consultant by a major oil company to help it optimally price gasoline at its service stations. You have assigned your staff member, Tro…

Suppose you have been hired as an independent contractor for a company to help w

Suppose you have been hired as an independent contractor for a company to help with implementation of a new software system. You have been asked to layout the timeline for the del…

Suppose you have been hired as an independent contractor for a company to help w

Suppose you have been hired as an independent contractor for a company to help with implantation of a new software system. You have been asked to layout the timeline for the deliv…

Suppose you have been hired as an independent contractor for a company to help w

Suppose you have been hired as an independent contractor for a company to help with implementation of a new software system. You have been asked to layout the timeline for the del…

Suppose you have been tasked with regulating a single monopoly firm that sells 5

Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete. The firm has fixed costs of $10 million per year and a variable cost of $…

Suppose you have been tasked with regulating a single monopoly firm that sells 5

Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete. The firm has fixed costs of $10 million per year and a variable cost of $…

Suppose you have been tasked with regulating a single monopoly firm that sells 5

Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete. The firm has fixed costs of $30 million per year and a variable cost of $…

Suppose you have been tasked with regulating a single monopoly firm that sells 5

Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete. The firm has fixed costs of $30 million per year and a variable cost of $…