Economics

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 $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 $10 million per year and a variable cost of $…

Suppose you have data that shows people on average are willing to pay $1000 for

Suppose you have data that shows people on average are willing to pay $1000 for one year in order reduce their risk of dying from air pollution from 13-in-10,000 to 9-in-10,000 fo…

Suppose you have data that shows people on average are willing to pay $1000 for

Suppose you have data that shows people on average are willing to pay $1000 for one year in order reduce their risk of dying from air pollution from 13-in-10,000 to 9-in-10,000 fo…

Suppose you have estimated the supply curve for the local labor market as: Qs=W-

Suppose you have estimated the supply curve for the local labor market as: Qs=W-5, where W is the hourly wage and Qs is the quantity of workers willing to work at each wage.  You …

Suppose you have estimated the supply curve for the local labor market as: Qs=W-

Suppose you have estimated the supply curve for the local labor market as: Qs=W-5, where W is the hourly wage and Qs is the quantity of workers willing to work at each wage.  You …

Suppose you have invested in a new computer company whose profitability depends

Suppose you have invested in a new computer company whose profitability depends on two factors: (1) whether the U.S. Congress passes a tariff raising the cost of Japanese computer…

Suppose you have just been appointed to a high level position in the economic an

Suppose you have just been appointed to a high level position in the economic analysis unit of the State Department. The secretary of state has asked you to prepare a memo describ…

Suppose you have just been appointed to a high level position in the economic an

Suppose you have just been appointed to a high level position in the economic analysis unit of the State Department. The secretary of state has asked you to prepare a memo describ…

Suppose you have just been appointed to the Federal Open Market Committee of the

Suppose you have just been appointed to the Federal Open Market Committee of the Federal Reserve. Your advisors report that the economy is growing slowly. Real GDP is at an annual…

Suppose you have just inherited $10,300 and are considering different options fo

Suppose you have just inherited $10,300 and are considering different options for investing the money to maximize your return. If you are risk-neutral (that is, neither seek out o…

Suppose you have just purchased one share of Twitter stock for S50. The stock is

Suppose you have just purchased one share of Twitter stock for S50. The stock is not expected to pay a dividend during the time you plan to hold it. You have forecasted that in on…

Suppose you have the following game Player 1 Player 2 3,6 4,10 5,0 0,8 26 3,3 4,

Suppose you have the following game Player 1 Player 2 3,6 4,10 5,0 0,8 26 3,3 4,10 1 1,5 2,9 3,0 46 Player 1 is the row player and Player 2 is the column player Solve this game by…

Suppose you have the following game Player 1?Player 2 3,6 4,10 50 0,8 2,6 3,3 4,

Suppose you have the following game Player 1?Player 2 3,6 4,10 50 0,8 2,6 3,3 4,10 1,1 1,5 29 30 4,6 Player 1 i the row player and Player 2 is the colunn player Solve this game by…

Suppose you have the following information on the marginal physical product of l

Suppose you have the following information on the marginal physical product of labor in rice production and apparel production in Japan and Thailand: Marginal Physical Product of …

Suppose you have the following information. Current product price equal $5.00 Cu

Suppose you have the following information. Current product price equal $5.00 Current sales level equal 45,000 units The advertising department expects the next $20,000 in ad spen…

Suppose you have the following information: QD = 20 - 10P + 8M (Market Demand) Q

Suppose you have the following information: QD = 20 - 10P + 8M (Market Demand) QS = 120 + 10P - 4PI (Market Supply) Assume M (Income) = 60, PI (Price of an input) = 5 Find P* (Mar…

Suppose you have the following information: QD = 20 - 10P + 8M (Market Demand) Q

Suppose you have the following information: QD = 20 - 10P + 8M (Market Demand) QS = 120 + 10P - 4PI (Market Supply) Assume M (Income) = 60, PI (Price of an input) = 5 Find P* (Mar…

Suppose you have the following utility function U (x,y) = x 2 y 2 and you have $

Suppose you have the following utility function U (x,y) = x2y2 and you have $80 to spend between goods x and y. The prices are the following. Px=2 and Py=4. A) Write down the budg…

Suppose you have the generic demand curve Q = 3000 - 400P – 300P1 + 200P2 + 0.05

Suppose you have the generic demand curve Q = 3000 - 400P – 300P1 + 200P2 + 0.05I Where P is the price of the good, P1 and P2 are prices of related goods and I is income. Currentl…

Suppose you have three indivisible assets, A, B and C with internal rates of ret

Suppose you have three indivisible assets, A, B and C with internal rates of return 2%, 5% and 10% respectively and initial costs of $1, $4, $5. Suppose you have $8.0 at 1% and ca…

Suppose you have three producers of oil A, B, and C, with extractions costs of $

Suppose you have three producers of oil A, B, and C, with extractions costs of $8, $10, and $12 per barrel of oil. Assume there are no user costs. Assume that each well can produc…

Suppose you have three production facilities that are polluting a river. Each em

Suppose you have three production facilities that are polluting a river. Each emits 20 units of pollution. Their marginal cost functions for reducing emissions are, respectively, …

Suppose you have three production facilities that are polluting a river. Each em

Suppose you have three production facilities that are polluting a river. Each emits 10 units of pollution. Their marginal cost functions for reducing emissions are, respectively, …

Suppose you have two countries (A and B) each with one firm (a and b) producing

Suppose you have two countries (A and B) each with one firm (a and b) producing one product (T). Firm "a" produces $50,000 worth of T in Country A with local factors of production…

Suppose you have two exams, Mathematical Economics (M) and Statistics (S). You h

Suppose you have two exams, Mathematical Economics (M) and Statistics (S). You have 12 hours each day in which to study for the two exams. You figured out that your GPA, for you t…

Suppose you have won $1,000,000 in a lottery. Your prize money is paid to you in

Suppose you have won $1,000,000 in a lottery. Your prize money is paid to you in five equal annual installments of $200,000 the first of which is paid right away on the spot. The …

Suppose you hired Janet, a real-estate agent, to help sell your house at the bes

Suppose you hired Janet, a real-estate agent, to help sell your house at the best possible price. As compensation, Janet will receive 3% of the selling price. Suppose Janet can se…

Suppose you inherit $10,000 and decide to use the money to start a lawn-care bus

Suppose you inherit $10,000 and decide to use the money to start a lawn-care business. You purchase a truck and a mower for $10,000 and start mowing lawns. Your annual cost for fu…

Suppose you just graduated from UCR and have 2 offers. The first is a job offer

Suppose you just graduated from UCR and have 2 offers. The first is a job offer at Jobs 'a US with a fixed salary schedule which paid S45,000. You will expect to hold this positio…

Suppose you just spent $1,000 on a bond. Minutes after you did, the central bank

Suppose you just spent $1,000 on a bond. Minutes after you did, the central bank announced that is reducing the required fraction of each deposit that must be kept as reserves by …

Suppose you live in the United States and plan a vacation in London. You want to

Suppose you live in the United States and plan a vacation in London. You want to find the least expensive airfare ticket, so you request quotes from Independence Airline (a U.S. a…

Suppose you manage a convenience mart and are in charge of ordering products but

Suppose you manage a convenience mart and are in charge of ordering products but do not set the price. The home office provides the prices. In your area, the income elasticity of …

Suppose you manage a plant that produces engines by teams of workers using assem

Suppose you manage a plant that produces engines by teams of workers using assembly machines. The technology is summarized by the production function Q = 4KL where Q is the number…

Suppose you need a car, and you are considering the following two options: Optio

Suppose you need a car, and you are considering the following two options: Option A: Buy an old car for $1,000 now. However, old cars only last for 1 year each, so you’ll have to …

Suppose you now own a taxi company in Aberdeen and you are the sole producer of

Suppose you now own a taxi company in Aberdeen and you are the sole producer of this service. You have a taxi monopoly in Aberdeen. Yes, you%u2019ve cornered the market in the Abe…

Suppose you observe that the price of coffee has gone down. Which of the followi

Suppose you observe that the price of coffee has gone down.  Which of the following would not be a valid explanation of the decline in the price of coffee? A. Starbuck Suppose you…

Suppose you own 56,000 shares of common stock in a firm with 2.8 million total s

Suppose you own 56,000 shares of common stock in a firm with 2.8 million total shares outstanding. The firm announces a plan to sell an additional 1.4 million shares through a rig…

Suppose you own a price-taking firm and your product sells for $5 per unit. Your

Suppose you own a price-taking firm and your product sells for $5 per unit. Your total cost function is given by: C(q) 2q2+q+4. a. What are your firms' variable costs? What are th…

Suppose you own and operate a coffee shop in your hometown. Each year, you recei

Suppose you own and operate a coffee shop in your hometown. Each year, you receive revenue of $200,000 from coffee sales, and it costs you $100,000 to obtain your raw materials. I…

Suppose you own the only company which provides monthly interest subscription in

Suppose you own the only company which provides monthly interest subscription in a certain town. Fill out the table below. If you want to maximize profits, what price should you c…

Suppose you own two factories that produce widgets. Factory 2 is suitably locate

Suppose you own two factories that produce widgets. Factory 2 is suitably located near a firm that sells raw materials needed to make widgets, whereas Factory 1 is in a more remot…

Suppose you paid $500,000 for an asset. You hold the asset for five years. The i

Suppose you paid $500,000 for an asset. You hold the asset for five years. The interest rate that you get for the asset is 10% per year. Assume the tax rate on capital gains is 20…

Suppose you paid $500,000 for an asset. You hold the asset for five years. The i

Suppose you paid $500,000 for an asset. You hold the asset for five years. The interest rate that you get for the asset is 10% per year. Assume the tax rate on capital gains is 20…

Suppose you plan to go to school this summer. The cost of tuition and textbooks

Suppose you plan to go to school this summer. The cost of tuition and textbooks is $1,000 and housing, board, and entertainment will cost you $550. If you didn't go to school, you…

Suppose you plan to go to school this summer. The cost of tuition and textbooks

Suppose you plan to go to school this summer. The cost of tuition and textbooks is $1,400 and housing, board, and entertainment will cost you $500. If you didn't go to school, you…

Suppose you purchase a 30-year, zero-coupon bond with a yield to maturity of 6%.

Suppose you purchase a 30-year, zero-coupon bond with a yield to maturity of 6%. You hold the bond for five years before selling it. a. If the bond's yield to maturity is 6% when …