Utiity maximization Problem: i have an utility of this form: U(x,y)= (xd/d)(yd/d), with income M.my Prof asks me to derive the Budget shares where: Sx=(pxx)/M, the same for good y, and i have to show that these depend on price ratio: What does it mean? Could you help me?
21 Aug 2021Suppose that the value of equities (stock in companies) is added as a component of consumer wealth to the intertemporal model. Suppose that equity prices are increasing. What are the implications on the following: a) Output supply (increase / decrease / indeterminate / no change)...
21 Aug 2021the professor posted a question with four parts, a through d. Please answer each part with either examples or details. Thanks1a. Do you think that there is a strong relationship among health, labor productivity, and income levels? Explain your answer.1b. How does the concept of â...
21 Aug 2021I am having trouble with this question. This is for Microeconomics. This top half is what I have so far but I cant get the 5th question.Calculate the marginal tax rate (MTR) and average tax rate (ART) for a person earning $15,000 and one earning $35,000. Answer: If the income is...
21 Aug 2021Mark has two job offers when he graduates from college. Mark views the offers as identical, except for the salary terms. The first offer is at a fixed annual salary of $50,000. The second offer is at a fixed salary of $20,000 plus a possible bonus of $60,000. Mark believes that h...
21 Aug 2021Please discuss A, B, C, D according to the question posed in detail. I cant award credit if instructions are not followed.2. You are on a committee that is considering ways to raise tuition fees for your College. You would recommend increasing the price of tuition only if you tho...
21 Aug 2021Sue Holloway was an accountant in 1944 and earned $12,000 that year. Her son, Josh Holloway, is an accountant today and he earned $210,000 in 2013. The price index was 17.6 in 1944 and 218.4 in 2013.Josh Hollowayâs 2013 income in 1944 dollars isQuestion options:1)$11,528.2)$26,...
21 Aug 2021From 2009 to 2010, the CPI for education increased from 279.3 to 281.8. What was the inflation rate for education between 2009 and 2010?Question options:A)0.9%B)9.0%C)2.5%D)90%
21 Aug 2021A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firms total costs are C(Q) = 50 12Q2Q^2. a. How much output should the firm produce in the short run? b. What price should the firm charge in the short run? c. What a...
21 Aug 2021I need this questions answered with detail as well as economic terms please: I need this question answered with complete detail as well as examples:Productivity growth rates in the United States showed steady long-term improvement throughout the 1800s and the first three quarters...
21 Aug 2021your financial advisor recommends buying a 10 year bond with a face value of $1,000 and an annual coupon of $80. the current interest rate is 7%. what might you expect to pay for the bond (aside from the brokerage fees)?$___________
21 Aug 2021The four firm concentration ratio for industries X&Y are 72 percent and 83, percent, respectively, while the corresponding Herfindahl-Hirschman indexes are 2,300 and 3,500. The Dansby-Willing performance index for industry X is 0.65, while that for ordinary Y is 0.81. Based on th...
21 Aug 2021Suppose the marginal product of labor is 8 and the marginal product of capital is 5. If the wage rate is $10 and the price of capital is $2, then in order to minimize costs the firm should use:A. more capital and less labor.B. more labor less capital.C. three times more capital t...
21 Aug 2021The production function for a competitive firm is Q = K^0.5L^0.5. The firm sells its output at a price of $10, and can hire labor at a wage of $5. Capital is fixed at 100 units. The profit-maximizing quantity of labor is:A. 25B. 50C. 100D. None of the answers are correct
21 Aug 2021If a local oligopolistic restaurant industry with 4 restaurants who caters mainly to tourists who visit once (i.e. non-repetitive game) versus an industry that caters mainly to locals (i.e. repetitive game).Describe the differences you would expect to see in terms of advertising,...
21 Aug 2021when the corss elasticity of demand is ______, the goods or services are _______.a. zero; substitutesb. negative; subsitiutesc. postivie; complements
21 Aug 2021Based on the best available econometric estimates, the market elasticity of demand for your firm�s product is -3. The marginal cost of producing the product is constant at $150, while average total cost at current production levels is $215. Determine your optimal per unit price...
21 Aug 2021if demand is _____, and price is _______, total revenue will _______.a. inelastic, raised, increaseb. elastic, raised, increasec. inelastic, lowered, increased. ealstic, lowered, decrease
21 Aug 2021consider a U.S Treasury bill with 270 days to maturity. if the annual yield is 2.6 percent, what is the price?$__________
21 Aug 2021which statement is false.a. the most important determinant of the degree of elasticity is the availability of substitutes.b. An elasticity of less than 1 inelastic.c. The advertiser wants to push her products cure to the left and make is less elastic.d. none of these statements a...
21 Aug 2021your financial advisor recommends buying a 10 year bond with a face value of $1,000 and an annual coupon of$55. the current interest rate is 6% . what might you expect to pay for the bond (aside from brokerage fees)?$_________
21 Aug 2021Suppose the cost function is C(Q) = 1800 Q 10Q^2 2Q^3. What is the average variable cost of producing 15 units?A. $301B. $421C. $6,315D. $4,515
21 Aug 2021consider a coupon bond with a$1,000 face value and a coupon payment equal to 5% of the face value per year.if there is one year to maturity. find the yield to maturity if the price of the bond is $990.________%
21 Aug 2021what is the yield to maturity on these $100 face value one-year bonds?a. a 6 percent coupon bond selling for$85______%b. a 7 percent coupon bond selling for $100_______%c. an 8 percent coupon bond selling for $115______%
21 Aug 2021An industry consists of three firms with sales of $310,000, $725,000, and $405,000. a. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Round to the nearest integer. b. Calculate the four-firm concentration ratio (C4). c. Based on the FTC and DOJ Horizontal Merger Gui...
21 Aug 2021What are the factors of production in the Solow model of economic growth?
21 Aug 2021A firm that is maximizing its profits by producing a certain level of output must also be A) minimizing its cost of producing that output. B) minimizing its variable costs. C) maximizing its output. D) maximizing its sales. E) maximizing its revenue.
21 Aug 2021In the open economy, a rise in real money supply at home leads toA) Fall in real interest rates at homeB) depreciation of the exchange rateC) Rise in demand for real balances at homeD) All of the above30. The MM curve showsA) The negative relationship between the real exchange r...
21 Aug 2021There appear to have been several shifts in the output-inflation relationship over the 1953-2002 period. Explain the nature of these shifts
21 Aug 2021What happens to economic growth and unemployment during a business cycle recession? What is the relationship between the money growth rate and a business cycle recession?
21 Aug 2021How will autonomous cars affect society? (i.e. workforce, economy)Requirements: 800 words
21 Aug 2021The LM curve is drawn witha. Real money supply as fixedb. Y as fixedc. r as fixedd. None of the above17. When the real rate of interest rises,a. Agents wish to hold less money and more assetsb. Agents wish to hold more money and less assetsc. Agents do not change their money dema...
21 Aug 2021If I work for myself and do not pay myself wages, how does this effect economic and accounting costs?
21 Aug 2021Standard Enterprises produces an output that it sells in a highly competitive market at a price of $100 per unit. Its inputs include two machines (which cost the firm $50 each) and workers, who can be hired on an as-needed basis in a labor market at a cost of $3,000 per worker. B...
21 Aug 2021which statement is true?a. if you know a persons demand schedule, you can find his total utility, but not his marginal utility.b. if a good is free, you will consume more and more of it until your marginal utility is zero.c. if a good is freem you will consume more and more of it...
21 Aug 2021person will be maximizing their utility whena. the marginal utility of product A is greater than the price of product Ab. the price of product A is greater than the marginal utility of product A.c. the price of product A = the marginal utility of product A.
21 Aug 2021Consider a consumer who lives for two periods and has income y1=200 when young and y2=150 when old. He pays taxes t1=40 when young and t2=50 when old and faces a market interest rate equal to 5%. He enjoys consumption when young and when old. The utility function U(c1,c2)=log(c1)...
21 Aug 2021Suppose that the inflation rate in Oct is 3.0, the inflation rate in Nov is 9.0, and the inflation rate in Dec is 8.0. The price index was 100 in September. What is the value of the price index in December?
21 Aug 2021Visiting an American green tech startup for the first time, Alexander, who is French, recognizes that the organization is driven by a socially responsible ethos that is marked by language about "human freedom," "human rights," and "Earth is everyones home." Alexanders observat...
21 Aug 2021Federal Employment Discrimination Laws - Go to the EEOC website. Describe the process by which an employee or ex-employee who wants to make a Title VII claim obtains a right-to-sue letter from the EEOC. Again, looking at the EEOC website, find the statistical analysis of Title VI...
21 Aug 2021Indicate whether you are in favor of or against the following programs and policies. Respond to the full ballot and briefly explain your choices. For concepts you do not understand, consult the course text and/or economics dictionaries and encyclopedias that are available at www....
21 Aug 2021In your observation, which two determinants currently have the greatest impact on aggregate demand? Explain your selections
21 Aug 2021Part 1) >If investment spending falls by $400 billion and the MPC=0.90, by how much will GDP ultimately change?Part 2)If government spending rises by $250 billion and the MPC=0.85, by how much will GDP ultimately change?
21 Aug 2021Going Green: Chinas Sustainability Initiatives1. What are some of the problems China has faced due to pollution?2. Why does a rising middle class potentially threaten the environment?3. Describe some of the ways that the Chinese government is tackling the pollution issue.
21 Aug 2021what does effective devaluation have on a nations currency? Can you think of a country that has evaluated or reevaluated currency? What have been the results?
21 Aug 2021Suppose the hourly wage rate is $14 in the United States and $3 in China, and productivity is 20 units per hour in the United States and 5 units per hour in China. What are unit labor costs inInstructions: Enter your responses rounded to two decimal places. (a) The United States...
21 Aug 2021One of the great economic debates - albeit a first world problem - is the cost of technology. Think about (perhaps you dont want to) the cost of television, internet, and cellphones. Think about how much we pay for these now versus in the past. Many families cellphone bills are ...
21 Aug 2021Suppose that two players are playing the following game. Player 1 can choose either Top or Bottom, and Player 2 can choose either Left or Right. The payoffs are given in the following table:Player 1Player 2LeftRightTop1 29 4Bottom6 45 3where the number on the left is the payoff t...
21 Aug 2021Do you think it is a good idea for a government to finance its budget deficit from seignorage? Why or why not? Provide an example to support your arguments.2. Suppose that yesterday, the U.S, dollar was trading on the foreign exchange market at 100 yen per dollar. Today, the U.S...
21 Aug 2021which of the following allows firms to earn economic profits in the long-run? -Prodct differintiation , -inflation , -price ceilings, -barriers to entry
21 Aug 2021