Economics

(Do not round intermediate calculations and round your answer to 2 decimal place

(Do not round intermediate calculations and round your answer to 2 decimal places) C.)What break-even resail price in two yeasrs would make you indifferent between buying and leas…

(Dominant Firm) Consider a market in the short-run. The market demand curve is g

(Dominant Firm) Consider a market in the short-run. The market demand curve is given by D(p) = 2000 30p. There is a dominant firm in the market with cost function C(q) = 20q. Ther…

(ECON22358G) TEST 2 (Chapters 6-8) Class/Day of Week PART A (5 marks):ANSWER ALL

(ECON22358G) TEST 2 (Chapters 6-8) Class/Day of Week PART A (5 marks):ANSWER ALL 5 QUESTIONS IN PART A 1. Which of the folowing components of aggregate demand Buchustes the least …

(EXPLAIN IN YOUR OWN WORDS) Explain as completely as you can (IN YOUR OWN WORDS)

(EXPLAIN IN YOUR OWN WORDS) Explain as completely as you can (IN YOUR OWN WORDS) what an economist means by demand (supply) and discuss (this implies that you are able to discuss …

(Engineering Economy Course ) Please solve it in a paper for better understandin

(Engineering Economy Course ) Please solve it in a paper for better understanding,thanks. Q3. The cash flow for the three types of crane is presented below: Model Purchase Cost An…

(Engineering Economy course) Please don\'t use schedule method. I hope to Use th

(Engineering Economy course) Please don't use schedule method. I hope to Use this method like P/A , F/A, A/F F/P , A/P Q3. A company is considering a new bottle-capping machine. T…

(Equilibrium) If a price is not an equilibrium price, there is a tendency for it

(Equilibrium) If a price is not an equilibrium price, there is a tendency for it to move to its equilibrium level. Regardless of whether the price is too high or too low to begin …

(External economies of scale) [week 5] . Consider a situation in which two count

(External economies of scale) [week 5]. Consider a situation in which two countries can produce a good that is subject to external economies of scale. Assume that firms in both co…

(Figure: A Tariff on Imports) Refer to the figure. Suppose the government interv

(Figure: A Tariff on Imports) Refer to the figure. Suppose the government intervenes with a $2 tariff; the total loss of consumer surplus as a result of the tariff is: $550 millio…

(Figure: Demand Curve) Refer to the figure. Which point on the graph represents

(Figure: Demand Curve) Refer to the figure. Which point on the graph represents the value of the good in its next highest valued use? Point A Point B Point C the origin Each of 10…

(Figure: Monetary Policy and the AD-SRAS Model) Refer to the lniauuI result of:

(Figure: Monetary Policy and the AD-SRAS Model) Refer to the lniauuI result of: O buying govenment securities in the open market. a decrease in the money supply. O lowering the di…

(Figure: Production Possibilities and Circular-Flow Diagram) Assume the accompan

(Figure: Production Possibilities and Circular-Flow Diagram) Assume the accompanying figures represent the same economy. Suppose that in the circular-flow diagram there is a signi…

(Figure: Rent Controls) Use Figure: Rent Controls. If rent controls are set at R

(Figure: Rent Controls) Use Figure: Rent Controls. If rent controls are set at Rents Figure: Rent Controls Rent (per period) Rent4 Rents Rent2 Rent1 Rento Qo Q1 Q2 Q3 Q4 Quantity …

(Figure: Traffic Lights in Plymouth) Plymouth has 1,000 residents. The figure Tr

(Figure: Traffic Lights in Plymouth) Plymouth has 1,000 residents. The figure Traffic Lights in Plymouth shows the marginal social benefit and marginal cost of traffic lights in t…

(Figure: Unknown Curve) You are a cabinetmaker who employs several workers to pr

(Figure: Unknown Curve) You are a cabinetmaker who employs several workers to produce kitchen and bathroom cabinets. Your summer intern has created a graph showing a relationship …

(Figure: Wine and Wheat) Using the graph, if this economy is producing at point

(Figure: Wine and Wheat) Using the graph, if this economy is producing at point A, we know the economy is: Choose one answer. using its resources efficiently. using its resources …

(For the blue line you can choose between fisher effect/velocity of money/classi

(For the blue line you can choose between fisher effect/velocity of money/classical dichotomy/inflation tax Consider Tralfamadore, a hypothetical country that produces only burger…

(For this part, you MUST present sufficient solution steps, and MUST apply speci

(For this part, you MUST present sufficient solution steps, and MUST apply specific Excel functions =NPV(…), =IRR(…), =AVERAGE(…), =YIELD(…) whenever applicable). Please show exce…

(Frank 5th ed. Ch. 11 Problems, #12; 4th ed. Ch. 11 Problems, #12) In the short

(Frank 5th ed. Ch. 11 Problems, #12; 4th ed. Ch. 11 Problems, #12) In the short run, a perfectly competitive firm produces output using capital services (a fixed input) and labour…

(Free s10 $10 ate $5 s5 $1 $1 10 100 500 S) The graphs above show the marginal c

(Free s10 $10 ate $5 s5 $1 $1 10 100 500 S) The graphs above show the marginal cost of an individual price-taking firm 1000 industry supply and demand curves. This firm can join a…

(Full Ricardian Model: Basic (30 points)) Consider 2 countries, Holland and Swed

(Full Ricardian Model: Basic (30 points)) Consider 2 countries, Holland and Sweden (H and S). The marginal productivities of one year of labor in the industries Machinery (M) and …

(Future value of an annuity) In 6 years you are planning on retiring and buying

(Future value of an annuity) In 6 years you are planning on retiring and buying a house in Oviedo, Florida. The house you are looking at currently costs $160,000 and is expected t…

(Future value) Selma and Patty Bouvier are twins, and both work at the Springfie

(Future value) Selma and Patty Bouvier are twins, and both work at the Springfield DMV. They decide to save for retirement, which is 40 years away. They'll both receive an annual …

(H Sun N. View History Bookmarks People Window Help Fall 2017-AECO x eco320,1 tp

(H Sun N. View History Bookmarks People Window Help Fall 2017-AECO x eco320,1 tps /blackboard.albany p ).. D eco320-150-mid2yert-S0.DXy D eco320,slide05.pdf pid-2851942-dt-content…

(Hedging commodity price risk) Minelli Enterpises uses large amounts of copper i

(Hedging commodity price risk) Minelli Enterpises uses large amounts of copper in the manufacture of ceiling fans. The firm has been very concerned about the detrimental impact of…

(Hotelling model - 7 points) There is a single restaurant located at the center

(Hotelling model - 7 points) There is a single restaurant located at the center of a street of length 1 km. The restaurant has zero marginal costs. Consumers are uniformly distrib…

(In the experiment on teacher incentives in India (Muralidharan & Sundararaman),

(In the experiment on teacher incentives in India (Muralidharan & Sundararaman), the incentive scheme implemented in the treatment goup can be described in the following figur…

(Indifference Curves) Holly loves dogs, hates cats and is completely indifferent

(Indifference Curves) Holly loves dogs, hates cats and is completely indifferent to rabbits. For each of the following set of goods, draw and label two indifference curves, U1 and…

(Inflation) Here are some recent data on the U.S. consumer price index: Compute

(Inflation) Here are some recent data on the U.S. consumer price index: Compute the inflation rate for each year 1989–2006 and determine which were years of inflation. In which ye…

(Interest rate determination?) ? You\'re looking at some corporate bonds issued

(Interest rate determination?) ? You're looking at some corporate bonds issued by? Ford, and you are trying to determine what the nominal interest rate should be on them. You have…

(Investment/saving) is the source of the demand for loanable funds. As the inter

(Investment/saving) is the source of the demand for loanable funds. As the interest rate falls, the quantity of loanable funds demande ( dincreases/ increases) . Suppose the inter…

(Labor Force ÷ Adult Population) × 100. (Adult Population ÷ Labor Force) x 100.

(Labor Force ÷ Adult Population) × 100. (Adult Population ÷ Labor Force) x 100. d. 20. M1 includes a. currency. b. demand deposits. c. travelers' checks. d All of the above are co…

(Last Word) Frederic Bastiat\'s satirical argument against protectionism called

(Last Word) Frederic Bastiat's satirical argument against protectionism called for protecting domestic producers from: Answer fire. the sun. other European countries. invention of…

(Last Word) Market monetarists advocate that the Fed \"target the forecast\" (of

(Last Word) Market monetarists advocate that the Fed "target the forecast" (of the predicted nominal GDP growth rate), claiming primarily that it will A. prevent real GDP from gro…

(Last Word) the federal reserve policy of “extend and pretend” A. Was praised fo

(Last Word) the federal reserve policy of “extend and pretend” A. Was praised for preventing a financial meltdown in which many solvent and insolvent firms would have failed B. Is…

(MB)? An increase in which of the following increases the Monetary Base discount

(MB)? An increase in which of the following increases the Monetary Base discount and advances. 6) a. b. Treasury deposits at the Fed c. Treasury cash holding. d. Other liabilities…

(Mankiw page 296,Quick Check Multiple Choices,4) If a profit-maximizing, competi

(Mankiw page 296,Quick Check Multiple Choices,4) If a profit-maximizing, competitive firm is pro- ducing a quantity at which marginal cost is between average variable cost and ave…

(Monetary Policy and an Expansionary Gap) Suppose the Fed wishes to use monetary

(Monetary Policy and an Expansionary Gap) Suppose the Fed wishes to use monetary policy to close an expansionary gap. a. Should the Fed increase or decrease the money supply? b. I…

(Monetary Policy and an Expansionary Gap) Suppose the Fed wishes to use monetary

(Monetary Policy and an Expansionary Gap) Suppose the Fed wishes to use monetary policy to close an expansionary gap. a. Should the Fed increase or decrease the money supply? b. I…

(Money Creation) Suppose Bank A, which faces a reserve requirement of 10 percent

(Money Creation) Suppose Bank A, which faces a reserve requirement of 10 percent, receives a $1,000 cash deposit from a customer. 1.Assuming that it wishes to hold no excess reser…

(Monopoly with Multi-plant) suppose that Gillette has a monopoly in the market f

(Monopoly with Multi-plant) suppose that Gillette has a monopoly in the market for razor blades in Mexico. The market demand curve for blades in Mexico is P=1000 - 10Q (in thousan…

(Monopoly) Any firm in the market for tiddlywinks has constant marginal cost, M

(Monopoly) Any firm in the market for tiddlywinks has constant marginal cost, M C = 30, and no fixed costs. The market’s demand curve is given by D(p) = 4000 40p. A) (Perfect Comp…

(NOTE: I solved the majority of the problem up until letter C and it\'s explanat

(NOTE: I solved the majority of the problem up until letter C and it's explanation) Suppose Americans suddenly develop a strong taste for Canadian whiskey. What happens to the dem…

(Nick or Rosa) has an absolute advantage in the production of rye, and (Nick or

(Nick or Rosa) has an absolute advantage in the production of rye, and (Nick or Rosa) has an absolute advantage in the production of corn. Nicks opportunity cost of producing 1 bu…

(PERFECT COMPETITION, ILLEGAL MONOPOLY, OLIGOPOLY, CARTEL AND MONOPOLISTIC COMPE

(PERFECT COMPETITION, ILLEGAL MONOPOLY, OLIGOPOLY, CARTEL AND MONOPOLISTIC COMPETITION. For each statement (19) through (25) you write the name of the market form that fits the st…

(Part 1) Suppose that the natural rate of unemployment during the Great Depressi

(Part 1) Suppose that the natural rate of unemployment during the Great Depression and the Great Recession was 5%. 1. During the worst part of the Great Depression, cyclical unemp…

(Part A) (20 points) Suppose nominal GDP in 2012 was $100 billion and in 2014 it

(Part A) (20 points) Suppose nominal GDP in 2012 was $100 billion and in 2014 it was $220 billion. The general price index in 2012 was 100, and in 2014 it was 140. Between 2012 an…

(Part A) Evaluate the fundamental arguments between Keynesians and Monetarists c

(Part A) Evaluate the fundamental arguments between Keynesians and Monetarists concerning the level of government involvement in our economy to minimize the impact and stabilize t…

(Part A) Suppose nominal GDP in 2012 was $200 billion, and in 2014, it was $210

(Part A) Suppose nominal GDP in 2012 was $200 billion, and in 2014, it was $210 billion. The general price index in 2012 was 100 and in 2014 it was 105. Between 2012 and 2014, the…

(Part A) You know that you are operating in a monopolistically competitive marke

(Part A) You know that you are operating in a monopolistically competitive market, that is, you are a small part of a large market with many competitors in this market. From data …