Economics

You are in charge of selling advertising minutes for a major television broadcas

You are in charge of selling advertising minutes for a major television broadcast on your network, say the Superbowl. Minutes are sold at a constant price per minute that you set.…

You are in charge of setting the optimal price for tickets for a local hockey te

You are in charge of setting the optimal price for tickets for a local hockey team. The demand schedule for hockey tickets is below: Price Quantity $10 6,000 11 5,900 …

You are in charge of the economy of a small country undergoing an economic downt

You are in charge of the economy of a small country undergoing an economic downturn. Your only choices to impact the economy are to change the tax rate or change the money supply …

You are in charge of the employee training program at the Nordhaus department st

You are in charge of the employee training program at the Nordhaus department store An untrained employee at Nordhaus produces exactly 100 units of net revenue for the firm every …

You are in charge of the local city-owned aquatic center. You need to increase t

You are in charge of the local city-owned aquatic center. You need to increase the revenue generated by the aquatic center in order to meet expenses. The mayor advises you to decr…

You are in need of a new air conditioner. Some new air conditioners cost less bu

You are in need of a new air conditioner. Some new air conditioners cost less but are less efficient. That is, they consume a lot of electricity per unit of cooling power. Others …

You are in the Oval Office trying to convince the President to increase governme

You are in the Oval Office trying to convince the President to increase government spending in order to reduce unemployment. The president remembers the AD/ AS model, but can’t re…

You are in the market for a new car and have decided to buy a new compact in the

You are in the market for a new car and have decided to buy a new compact in the market. There are two models that you are considering. One is with a gasoline engine and the other…

You are in the market for a used 2006 Honda Accord. You know that half of the 20

You are in the market for a used 2006 Honda Accord. You know that half of the 2006 Accords are lemons and half are peaches. If you could be assured that the Accord you were buying…

You are in the market for a used 2006 Honda Accord. You know that half of the 20

You are in the market for a used 2006 Honda Accord. You know that half of the 2006 Accords are lemons and half are peaches. If you could be assured that the Accord you were buying…

You are in the middle of a one year rental contract for your factory that requer

You are in the middle of a one year rental contract for your factory that requeres you to pay 500,000 per month, and you have contractural labor obligations of $1 millon per month…

You are interested in saving money for your first house. Your plan is to make re

You are interested in saving money for your first house. Your plan is to make regular deposits into a brokerage account which will earn 14 percent. Your first deposit of $5,000 wi…

You are interested in starting to know your costs. Here is your information: in

You are interested in starting to know your costs. Here is your information: in starting your own business, but need 10 15 20 25 7.8 7.6 7.4 7.2 TC 50 78 109 124 141 160 13. What …

You are interested in starting your own business, but need to know your costs. H

You are interested in starting your own business, but need to know your costs. Here is your information: What is your average fixed cost at 20 quantities? 10 5 2.5 2 What is your …

You are leading a business and you are told that you can sell a new product and

You are leading a business and you are told that you can sell a new product and increase the revenue of the business by $100,000/yr. The operating costs will increase by $50,000/y…

You are locked inside a room with 6 doors - A, B, C, D, E, F. Out of which 3 are

You are locked inside a room with 6 doors - A, B, C, D, E, F. Out of which 3 are Entrances only and 3 are Exits only. One person came in through door F and two minutes later secon…

You are logged in 88 Fadhyah Fache The term market failure refers to Select one

You are logged in 88 Fadhyah Fache The term market failure refers to Select one O a a situation in which the market on its own fails to allocate resources efficiently b, an unsucc…

You are looking to buy a new car and do not know whether tobuy conventional or h

You are looking to buy a new car and do not know whether tobuy conventional or hybrid. The facts are as follows: Conventional Hybrid Cost 22,000 …

You are made better off in which of the following situations? A) you borrow 10,0

You are made better off in which of the following situations? A) you borrow 10,000 pesos, you earn income in dollars, the dollar depreciates against the peso, you must pay back th…

You are making a movie with a 20% chance of making a ton-load of money, and 80%

You are making a movie with a 20% chance of making a ton-load of money, and 80% chance of earning nothing. Your utility is the square root of income (Utility = Y1/2); you will hav…

You are manager of a small pharmaceutical company that received a patent on a dr

You are manager of a small pharmaceutical company that received a patent on a drug three years ago.Despite stronges sales(125milion last year) and a low marginal cost of producing…

You are more likely to notice a car like your own due to A) halo effect B) C) co

You are more likely to notice a car like your own due to A) halo effect B) C) contrast effect D) self-serving bias E) selective perception 44) offers him a promotion, but the new …

You are offered a 5 year contract for a position at a large factory. They offere

You are offered a 5 year contract for a position at a large factory. They offered three different payment terms and asked you to decide your preferred option. Option 1 (Fixed Sala…

You are offered a choice between two payment streams over time. Option 1 is $100

You are offered a choice between two payment streams over time. Option 1 is $100/year for 5 years (first payment is today, final payment is 4 years from now). Option 2 is $100/yea…

You are on a committee that is considering ways to raise money for your city’s s

You are on a committee that is considering ways to raise money for your city’s symphony program. You would recommend decreasing the price of symphony tickets only if you thought t…

You are one of five risk-neutral bidders participating in an independent private

You are one of five risk-neutral bidders participating in an independent private values auction. Each bidder perceives that all other bidders’ valuations for the item are evenly d…

You are organizing a group of people to visit a state park for a day trip. You h

You are organizing a group of people to visit a state park for a day trip. You have to rent cars and hire drivers for the transportation. If you rent C cars, and hire D drivers, y…

You are organizing a rock concert to benefit Amnesty International. The concert

You are organizing a rock concert to benefit Amnesty International. The concert is to be held in a football stadium that has a seating capacity of 56,000. There are two types of s…

You are organizing a rock concert to benefit Amnesty International. The concert

You are organizing a rock concert to benefit Amnesty International. The concert is to be held in a football stadium that has a seating capacity of 56,000. There are two types of s…

You are part of a local community theater group. It is the goal of the group to

You are part of a local community theater group. It is the goal of the group to increase the amount of revenue earned through ticket sales. Mary says the obvious solution is to in…

You are part of a local community theater group. It is the goal of the group to

You are part of a local community theater group. It is the goal of the group to increase the amount of revenue earned through ticket sales. Mary says the obvious solution is to in…

You are part of a team preparing a bid for a civil engineering project. The proj

You are part of a team preparing a bid for a civil engineering project. The project requires that a roadcut be completed for which approximately 1,000,000 tons of rock and soil mu…

You are planning to build a new home with approximately 2 comma 100?-2 comma 600

You are planning to build a new home with approximately 2 comma 100?-2 comma 600 gross square feet of living space on one floor. In? addition, you are planning an attached? two-ca…

You are planning to buy a new house. You currently have $40,000 and your bank to

You are planning to buy a new house. You currently have $40,000 and your bank told you that you would need a 20% down payment plus an additional 5% in closing costs. If the house …

You are planning to estimate a short - run production function for your firm, an

You are planning to estimate a short - run production function for your firm, and you have collected the f ollowing data on labor usage ( L ) and output ( Q ): a. Please key in th…

You are planning to save for retirement over the next 30 years. To do this, you

You are planning to save for retirement over the next 30 years. To do this, you will invest $750 per month in a stock account and $250 per month in a bond account. The return of t…

You are planning to study eight hours this week for your economics final and are

You are planning to study eight hours this week for your economics final and are considering studying a ninth hour. You should: -Compare the benefits of one more hour of study wit…

You are playing a card game with two people, East and West. There is (i) a 25% p

You are playing a card game with two people, East and West. There is (i) a 25% probability that East has the king of spades and West has the queen of spades, (ii) a 25% probabilit…

You are presented with the two machine alternatives below. The annual expenses a

You are presented with the two machine alternatives below. The annual expenses and revenue are end-of-period amounts. Based solely on the information here, which should you choose…

You are reading a report that contains a hypothesis test you are interested in.

You are reading a report that contains a hypothesis test you are interested in. The writer of the report writes that the p-value for the test you are interested in is 0.091, but d…

You are reading a report that contains a hypothesis test you are interested in.

You are reading a report that contains a hypothesis test you are interested in. The writer of the report writes that the p-value for the test you are interested in is 0.091, but d…

You are responsible for economic policymaking in your country. Your desire is to