Q & A - Economics

Q & A

• Airline passengers are broadly segmented by purpose of travel. Characterize the two major segments b Airline passengers are broadly segmented by purpose of travel. Characterize the two major segments by price elasticity of demand. What is the implication for the price ea...
• Among the beliefs held by classical economists, one is that:A.prices are sticky.B.aggregate supply s Among the beliefs held by classical economists, one is that:A.prices are sticky.B.aggregate supply should be a bigger focus than aggregate demand.C.the short run should b...
• Two towns, each with three members, are deciding whether to put on a fireworks display to... Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the New Year. Fireworks cost $360. In each town, some people enjoy fir...
• Analysis of Demand Curve You are hired as a consultant to a president of a liberal arts college in t Analysis of Demand CurveYou are hired as a consultant to a president of a liberal arts college in the East You are asked to evaluate a recommendation by the college’s A...
• 1. How much would you pay for a Treasury bill that matures in 182 days and pays $10,000 if you requi 1. How much would you pay for a Treasury bill that matures in 182 days and pays $10,000 if you require a 1.8% discount rate?2. If the Treasury also received $750 million ...
• Ask the user to enter a basketball player’s free throw percentage, eg 70% Your program will simulate Ask the user to enter a basketball player’s free throw percentage, eg 70% Your program will simulate the player playing 5 games, each game making 10 free throws Display t...
• Assume that in a small open economy where full employment always prevails, national saving is 300. I Assume that in a small open economy where full employment always prevails, national saving is 300. If domestic investment is given by I=400-20r, where r is the real inter...
• Assume that Jim is a rational consumer who consumes only two goods, apples (A) and nuts (N). Assume Assume that Jim is a rational consumer who consumes only two goods, apples (A) and nuts (N). Assume that his marginal rate of substitution of apples for nuts is given by ...
• Assume the market for tortillas is perfectly competitive. The market supply and demand curves for to Assume the market for tortillas is perfectly competitive. The market supply and demand curves for tortillas are:Supply: P = 0.000002Q;Demand: P = 11 – 0.00002QSR marginal...
• 1 Market for lemons Assume that a good second-hand car worths $10 to the seller and $12 to the buyer 1 Market for lemonsAssume that a good second-hand car worths $10 to the seller and $12 to the buyer, an ordinary second-hand car worths $7 to the seller and $9 to the buy...
• Briefly describe what happens in each of the five project management process groups (initiating, pla Briefly describe what happens in each of the five project management process groups (initiating, planning, executing, monitoring and controlling, and closing) On which pr...
• (C) If the government imposes a price floor of $90, does a shortage or surplus or neither develop? W (C) If the government imposes a price floor of $90, does a shortage or surplus or neither develop? What are the quantity supplied, quantity demanded, and size of the shor...
• 1 Optimal Import Tariffs This question asks you to work through an example of optimal trade policy w 1 Optimal Import Tariffs This question asks you to work through an example of optimal trade policy when an importing country wants to manipulate its terms of trade Consi...
• Calculating maximum profit made by a coal producer A coal producer has the following total cost func Calculating maximum profit made by a coal producerA coal producer has the following total cost function:TC=$187,500$5Q$00003Q^2where Q is tons of coal produced per month ...
• CHAPTER 1Running CaseYou and your team identified some risks during the first week of the Global Tre CHAPTER 1Running CaseYou and your team identified some risks during the first week of the Global Treps Project. However, you never ranked the risks or developed any respo...
• Consider an economy that produces only four types of fruit: apples, oranges, pineapples and bananas. Consider an economy that produces only four types of fruit: apples, oranges, pineapples and bananas. In the base year (2012), the production and price data were as follow...
• Copy and paste the following data into Excel:PQ$13078$110155$90246$70318$503971. Run OLS to determin Copy and paste the following data into Excel:PQ$13078$110155$90246$70318$503971. Run OLS to determine the inverse demand function (P = f(Q)); how much confidence do you h...
• 1. The population of Coukouville is 10,000. Of that number 2,000 are under 16 or institutionalized, 1. The population of Coukouville is 10,000. Of that number 2,000 are under 16 or institutionalized, 3,000 are not in the labor force, and 250 are currently unemployed. Wh...
• describe how the kinked demand curve of an oligopoly firm is derived and explain why price tends to describe how the kinked demand curve of an oligopoly firm is derived and explain why price tends to be stable in oligopoly markets
• Discuss the resource limitations that affecta. the poorest person on earthb. Bill Gates, the richest Discuss the resource limitations that affecta. the poorest person on earthb. Bill Gates, the richest person on earthc. a farmer in Kansasd. the government of Indonesia
• During a war the government may issue ratio coupons – Meaning the peoples can only buy some goods Th During a war the government may issue ratio coupons – Meaning the peoples can only buy some goods This is an indication that for these goods the government has eliminated...
• Econ and Time Choice in economics is based on scarce resources, such as land, labor, and capital One Econ and TimeChoice in economics is based on scarce resources, such as land, labor, and capital One other scarce resource often cited is time We recognize the choices w...
• Estimates may be relied upon as inputs to certain reports. However, such estimates would not be appr Estimates may be relied upon as inputs to certain reports. However, such estimates would not be appropriate when preparing:A.Internal financial statementsB.BudgetsC.Audit...
• explain how legislated wages in lie of notice are treated for statutory deduction purposes in all ju explain how legislated wages in lie of notice are treated for statutory deduction purposes in all jurisdiction in CANADA?
• When Apple raised the price of iTunes from?$0.990.99to?$1.291.29?,GS? Boyz' "Stanky? Legg" sales... When Apple raised the price of iTunes from?$0.990.99to?$1.291.29?,GS? Boyz "Stanky? Legg" sales dropped from22 comma 68622,686units to 19 comma 69219,692units? (Peoples, ...
• When Apple raised the price of iTunes from?$0.990.99to?$1.291.29?,GS? Boyz' "Stanky? Legg" sales. When Apple raised the price of iTunes from?$0.990.99to?$1.291.29?,GS? Boyz "Stanky? Legg" sales dropped from22 comma 68622,686units to 19 comma 69219,692units? (Peoples, ...
• Supply and demand – Equilibrium Price and Quantity The following relation describes the monthly dema Supply and demand – Equilibrium Price and QuantityThe following relation describes the monthly demand and supply for a computer support service, catering to small busine...
• Suppose a firm is hiring 20 workers at a wage rate of $60 The average product of labor is 30, the la Suppose a firm is hiring 20 workers at a wage rate of $60 The average product of labor is 30, the last worker added 12 units of output, and total fixed cost is $3,600Fill...
• Suppose quantity demanded is given by Qd=100-P, and quantity supplied is given by Qs=20+3P In this c Suppose quantity demanded is given byQd=100-P, and quantity supplied is given by Qs=203P In this case, find equilibrium price, P*, and equilibrium quantity, Q* Draw the m...
• Suppose that the starting nominal salary for a new assistant professor in economics was $14,000 for 1 answer below » Suppose that the starting nominal salary for a new assistant professor in economics was $14,000 for the academic year 1973-74 For the academic year 2015-2016, it was $120...
• QUESTION 1 A good is inelastic if: Atotal revenue decreases as a result of a price increase Bthe qua QUESTION 1A good is inelastic if:Atotal revenue decreases as a result of a price increaseBthe quantity effect outweighs the price effect of a price increaseCthe measured ...
• 1 Explain how competitive privately issued currencies would work automatically to provide consumers 1 Explain how competitive privately issued currencies would work automatically to provide consumers with protection against inflation? >
• ASAP! 2 Which of the following are short-run and which are long run adjustments? a Wendy’s build a n ASAP!2 Which of the following are short-run and which are long run adjustments?a Wendy’s build a new restaurantb Harley-Davidson Corporation hires 200 more production wor...
• assume a competitive firm faces a market price of $125, a cost curve of C=025q^2 + 25q +1600 and a m assume a competitive firm faces a market price of $125, a cost curve ofC=025q^2 25q 1600 and a marginal cost curve of : MC= 005q 25The firm’s profit maximizing output le...
• Assume that price level in the ABC Islands, a US trading partner, increases signaling inflation in t Assume that price level in the ABC Islands, a US trading partner, increases signaling inflation in the ABC Island economyUsing aggregate demand aggregate supply analysis,...
• Assume that the loanable funds market for the United States is currently in equilibrium a) Draw a co Assume that the loanable funds market for the United States is currently in equilibriuma) Draw a correctly labeled graph of the loanable funds market for the United State...
• Case Discussion Question 1 How might (a) US pharmaceutical companies and (b) US consumer benefit fro Case Discussion Question 1 How might (a) US pharmaceutical companies and (b) US consumer benefit from the rise of the Indian pharmaceutical industry? 2 Who might have ...
• CASE STUDY Ending HIV: Sangamo Biosciences and Gene Editing 1 What were the pros and cons of Sangamo CASE STUDY Ending HIV: Sangamo Biosciences and Gene Editing 1 What were the pros and cons of Sangamo pursuing its gene editing programs alone versus working with a pa...
• Consider the following production functions: Y = A(K 05 )(L 05 ) Y = AK + L A Fixing total factor pr Consider the following production functions:Y = A(K05)(L05Y = AK LA Fixing total factor productivity (A) at 10 and capital employment (K) at 4 units, what is the margina...
• Consider the market of pens Suppose the the number of students with an allergy to pencil erasers inc Consider the market of pens Suppose the the number of students with an allergy to pencil erasers increases, causing more students to switch from pencils to pens in school...
• Consider the small Home country with many perfectly competitive firms that produce oil The demand cu Consider the small Home country with many perfectly competitive firms that produce oilThe demand curve for oil is given by P = 400 – 2Q, and the Home supply curve is give...
• Defense Mechanisms Match the example with the appropriate defense mechanism 1 ______A woman is invol Defense MechanismsMatch the example with the appropriate defense mechanism1 ______A woman is involved in a car accident that left her paralyzed from the waist down, but s...
• 1 What is a perfectly competitive market? 2 Why a perfect competitor faces a horizontal demand curve 1 What is a perfectly competitive market?2 Why a perfect competitor faces a horizontal demand curve?3 How can a firm maximize profit in a perfectly competitive market?4 E...
• 1 Which of the following would not cause a shift in long-run aggregate supply ? A) An increase in ag 1 Which of the following would not cause a shift in long-run aggregate supplyA) An increase in aggregate expendituresB) A decrease in capital investmentC) A technological...
• Given an estimated monthly demand function for avocados of Q = 104 – 40p + 20pt + 001Y, show how the Given an estimated monthly demand function for avocados of Q = 104 – 40p 20pt 001Y, show how the demand curve shifts as per capita income, Y, increases from $4,000 to $...
• If the market demand curve is D(p) = 100-5p, what is the inverse demand curve? If D(p) = 12-2p, what If the market demand curve is D(p) = 100-5p, what is the inverse demand curve?If D(p) = 12-2p, what price will maximize revenue?
• Implicit and Explicit costs Should the club cover explicit and implicit costs? Imagine that you are Implicit and Explicit costsShould the club cover explicit and implicit costs? Imagine that you are asked to consult with a drama club that puts on a play every year The c...
• Impressionism is often referred to as the beginning of modern art How are the modern styles you stud Impressionism is often referred to as the beginning of modern art How are the modern styles you studied this week descended from Impressionism? How might these styles als...
• In fact, the elderly consume more healthcare compared to younger people , and healthcare costs have In fact, the elderly consume more healthcare compared to younger people, and healthcare costs have risen faster than overall inflation What would you do to determine whet...
• Let X and Y be random variables with respective means u x and u y , respective variances , and corre Let X and Y be random variables with respective means ux and uy, respective variances , and correlation coefficient, p Fit the line ya bx by the method of least squares ...