Explain whether outsourcing is or is not a major problem for the US economy.
06 Jun 2020What is the labor-force status of each of the following? a. A teenager who sends out resumes in searching for a first job b. An autoworker who has been laid off and would like to work but has given up hope of finding work or being recalled c. A retired person who moved to Florida...
06 Jun 2020A banking crisis usually arises when banks borrow funds in short=term financial markets and lend fund to high-risk borrowers for long periods. there is lax supervision of banking operations by government regulators. bank managers believe that exchange rates are not very likely to...
06 Jun 2020Problem 1: Benefit Estimation Methods Please clearly label each statement True or False and explain your reasoning. a) Revealed preference techniques can be used to estimate non-use value (e.g., existence value). b) Unlike revealed preference techniques, stated preference techniq...
06 Jun 2020Evaluate the “screener” used to qualify the respondents. Are there any changes needed? Why or why not?
06 Jun 2020The demand for a monopolist’s product is: P = 40 -2Q; the monopolist’s total cost function is: TC = 8Q 0.5Q^2.(a)Under free monopoly, what is the numerical value of the dead-weight loss (DWL)? (b) Compute the monopolist’s break-even points and graph in the same diagram, demand (...
06 Jun 2020The demand for a monopolist’s product is: P = 40 -2Q; the monopolist’s total cost function is: TC = 8Q 0.5Q^2.(a)Under free monopoly, what is the numerical value of the dead-weight loss (DWL)? (b) Compute the monopolist’s break-even points and graph in the same diagram, demand (...
06 Jun 2020Research a case involving the Uniform Commercial Codes implied warranty of fitness for human consumption. Briefly comment in a short (2 paragraphs) response on the facts of the case youve selected, the question(s) of law before the court, the courts ruling, and why you either sup...
06 Jun 2020How did free speech impact the scientific revolution and the enlightenment?
06 Jun 2020Which of the following would we expect to see in a typical economy that is experiencing a recession? Check all that apply. Low unemployment High unemployment Low inflation High inflation Low spending High spending QUESTION 2 Which of the following would we expect to see in a typi...
06 Jun 2020Please answer all the questions Determine if the demand curve will increase (shift right) or decrease (shift left) for the specified good given the event that happened. A. Adidas Shoes. Adidas hires Kanye West to design their athletic wear and sports sneakers. B. Big Macs. McDona...
06 Jun 2020Please answer all the questions Determine if the demand curve will increase (shift right) or decrease (shift left) for the specified good given the event that happened. A. Adidas Shoes. Adidas hires Kanye West to design their athletic wear and sports sneakers. B. Big Macs. McDona...
06 Jun 2020Shirley has an endowment of 80 hours per week to divide between leisure and labor, and a consumption endowment of 100 (the price of consumption is normalized to 1). Suppose w is the wage and Shirleys utility is u(R, C) = \sqrt{R} \sqrt{C} a) Compute Shirleys consumer leisure dem...
06 Jun 2020Shirley has an endowment of 80 hours per week to divide between leisure and labor, and a consumption endowment of 100 (the price of consumption is normalized to 1). Suppose w is the wage and Shirleys utility is u(R, C) = \sqrt{R} \sqrt{C} a) Compute Shirleys consumer leisure dem...
06 Jun 2020Consider the following demand curves: 1) P = 130 – 0.005Q, and 2) P = 110 – 0.008Q. Consider also that the marginal cost of an additional fan is constant at 10. The ticket seller looks to price discriminate between these two groups. At equilibrium, is the marginal revenue from an...
06 Jun 2020The makers of Jazzy Cola have come to you for advice. Two of the inputs to their production proce... The makers of Jazzy Cola have come to you for advice. Two of the inputs to their production process, which they have creative
06 Jun 2020The demand for milk is represented by: P = -0.5Qd 8.8 The supply of milk is represented by: P = 1.2Qs 1.9 Calculate the equilibrium price in the market and enter using 1 decimal place.
06 Jun 2020In a month, Carlos can produce a maximum of either 50 bushels of pears or 25 bushels of apples, or any linear combination in between. Similarly, Diane can produce a maximum of either 28 bushels of pears or 7 bushels of apples, or any linear combination in between. 1st attempt Par...
06 Jun 2020How do you find the slope of Q=100-P? for a price elasticity
06 Jun 2020A product can be differentiated through A. marketing. B. physical changes to the product. C. creating barriers to entry. D. Both A and B. A multinational enterprise is defined as a company that A. has board members from a variety of countries. B. exists primarily to avoid taxes. ...
06 Jun 2020Q Demand = 100-P and the Q Supply = P What is the equilibrium price and quantity ? What is the price elasticity of demand at that equilibrium ? What’s the price of elasticity demand at that Q of 50 and the supply at the Q of 50 ?
06 Jun 2020Suppose people buy 100 million bushels of wheat per year at a price of $3 per bushel. Total expenditure on wheat are $300 million. Suppose also that the price elasticity of demand for wheat is -0.5 (demand is inelastic). If the price of wheat rises to $3.60 per bushel (a 20 perce...
06 Jun 2020Evaluate the “Iconic Passion” branding platform and IMC campaign that the Lambesis agency created for Tacori. Why do you think this campaign has been so successful in creating a brand identity for Tacori and increasing sales of its jewelry products?
06 Jun 2020Define the elements of the following equation: P = a0 ? a1 × Qd. 2. Given P = $150 ? 0.005 × Qd as the demand for a professional sports team: a. If P = $60, what is Qd? b. If P = $40, what is Qd? 3. Imagine these two possible changes from the demand curve listed in Question 2: a...
06 Jun 2020Given Y = C I GNX,C = C0 bYd,I = I0,G = G0, and NX = NX0, where Yd = Y -T, and T = T0 tY and C0 = 80, b = 0.5, I0 = 35 and G = 20, NX = 0, T0 = 30 and t = 0.20. Here T is the total amount of taxes the households have to pay with T0 being the fixed amount of taxes (regardless of i...
06 Jun 2020Given Y = C I GNX,C = C0 bYd,I = I0,G = G0, and NX = NX0, where Yd = Y -T, and T = T0 tY and C0 = 80, b = 0.5, I0 = 35 and G = 20, NX = 0, T0 = 30 and t = 0.20. Here T is the total amount of taxes the households have to pay with T0 being the fixed amount of taxes (regardless of i...
06 Jun 2020Follow the steps below for the given function. 8x 7y = 3 (a) Solve the equation for y. y = Differentiate this equation with respect to x. y = (b) Complete the steps below to implicitly take the derivative of the original equation. 8x 7y = 3 (dy)/(dx) = 0 (dy)/(dx) = (dy)/(dx)...
06 Jun 2020A monopoly shuts down when a)the short run price is below its average variable costs. b)the long run price is below its average variable costs. c)the average cost is less than price. d) never, because it can raise its prices as high as necessary to keep operating and maximize pro...
06 Jun 2020Discuss the effects of the tax on suppliers related to the following subjects: Change in resulting price and quantity. Revenue generated by the tax. Effect on consumer surplus compared to consumer surplus without the tax. Effect on producer surplus compared to producer surplus wi...
06 Jun 2020Discuss the effects of the tax on suppliers related to the following subjects: Change in resulting price and quantity. Revenue generated by the tax. Effect on consumer surplus compared to consumer surplus without the tax. Effect on producer surplus compared to producer surplus wi...
06 Jun 2020Describe the shape of the AFC curve when fixed costs are nonzero and explain why it takes this shape. You may also want to draw the AFC. Can AFC ever intersect the x-axis in such cases?
06 Jun 2020Consider a market where supply and demand are given by QXS = -14 PX and QXd = 82 - 2PX. Suppose the government imposes a price floor of $37, and agrees to purchase and discard any and all units consumers do not buy at the floor price of $37 per unit. Instructions: Enter your res...
06 Jun 2020For a perfectly competitive industry, the short-run industry supply curve is determined by a. horizontally summing all the firms profit-maximizing output levels b. horizontally summing all the firms supply curves. c. Vertically summing all the firms profit-maximizing output level...
06 Jun 2020Little Kona is a small coffee company that is considering entering a market dominated by Big Brew operating as an ologopolist. Each companys profit depends on whether Little Kona enters and whether Big Brew sets high price or a low price. If the two firms could collude and agree ...
06 Jun 2020Your work at a brewer, you estimated a linear demand function. The following is a simplified version of your regression results for the linear demand function: Q = 200 - 2600P 1.70A 1.50Y where, once again, Q is quantity demanded (measured in number of 4-packs sold per month), ...
06 Jun 2020Your work at a brewer, you estimated a linear demand function. The following is a simplified version of your regression results for the linear demand function: Q = 200 - 2600P 1.70A 1.50Y where, once again, Q is quantity demanded (measured in number of 4-packs sold per month), ...
06 Jun 2020Contract Law - Insurance Mario has purchased a new kart, and would like to get some insurance on it. The kart is worth $1,000, and there is a 10% chance he will be in an accident and do $500 worth of damage to his kart. Marios utility function is U(V) = ln(V), where V is the valu...
06 Jun 2020Contract Law - Insurance Mario has purchased a new kart, and would like to get some insurance on it. The kart is worth $1,000, and there is a 10% chance he will be in an accident and do $500 worth of damage to his kart. Marios utility function is U(V) = ln(V), where V is the valu...
06 Jun 2020Which was the Gini index, green GDP, stocks of capitals (natural, intellectual, others if possible) of France over the last 20 years?
06 Jun 2020Given the following total cost function facing a perfectly competitive firm: TC = 500 10q2 (a) If price = 100, determine the level of output and profit earned by the firm in the short-run. (b) Based on your answer for part (a), should the firm continue to produce in the short- r...
06 Jun 2020Given the following total cost function facing a perfectly competitive firm: TC = 500 10q2 (a) If price = 100, determine the level of output and profit earned by the firm in the short-run. (b) Based on your answer for part (a), should the firm continue to produce in the short- r...
06 Jun 2020Suppose the quantity of good X demanded by consumer 1 is given by: Q DX1 =62 – 3P X 0.35I 0.3P Y And the quantity of good X demanded by consumer 2 is given by: Q DX2 = 10 – 2.5P X 0.2I 0.6P Y Answer the following questions and ensure that you show ALL calculations. (a) What i...
06 Jun 2020Answer the multiple choice using the graph 1. If the economy is producing at alternative X, the real cost to it of producing at Y is: a. 0 units of consumer goods b. 6 units of consumer goods c. 8 units of consumer goods d. 14 units of consumer goods e. 22 units of consumer goods...
06 Jun 2020Suppose you buy a call option of a firm’s stock. The current price of the stock is $60, but the price will change next period, with a probability 70% of increasing to $120, and with a probability 30% of decreasing to $30. The exercise price for this call option is $70 at expirat...
06 Jun 2020Suppose you buy a call option of a firm’s stock. The current price of the stock is $60, but the price will change next period, with a probability 70% of increasing to $120, and with a probability 30% of decreasing to $30. The exercise price for this call option is $70 at expirat...
06 Jun 2020Suppose you buy a call option of a firm’s stock. The current price of the stock is $60, but the price will change next period, with a probability 70% of increasing to $120, and with a probability 30% of decreasing to $30. The exercise price for this call option is $70 at expirati...
06 Jun 2020Suppose you buy a call option of a firm’s stock. The current price of the stock is $60, but the price will change next period, with a probability 70% of increasing to $120, and with a probability 30% of decreasing to $30. The exercise price for this call option is $70 at expirati...
06 Jun 2020Production Alternatives V W X Y Z Capital Goods 0 1 2 3 4 Consumer Goods 20 18 14 8 0 How do I make a PPC graph using these points (Economics)
06 Jun 2020If gas markets are regional/local, so that the relevant number of gas stations is only 100, what would the residual elasticity of demand for a single station be?
06 Jun 2020
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