Economics

1.Output is produced according to Q = 4 L + 6 K , where L is the quantity of lab

1.Output is produced according to Q = 4L + 6K, where L is the quantity of labor input and K is the quantity of capital input. If the price of K is $12 and the price of L is $6, th…

1.Over the past 50 years, consumer price index and inflation rate trends have be

1.Over the past 50 years, consumer price index and inflation rate trends have been characterized by: a consumer price index that has continuously decreased and an inflation rate t…

1.Platz company makes chairs . the budgeted selling price is $45 per chair, the

1.Platz company makes chairs . the budgeted selling price is $45 per chair, the variable rate is $15 per chair and budgetd fixed costs are $40,000 per month. what is the budgeted …

1.Please uses excel to create two tables show the top ten most developed nations

1.Please uses excel to create two tables show the top ten most developed nations and bottom ten least developer countries from the Human Development Index 2016 data set. 2. Create…

1.Production efficiency. A)state the condition for production in terms of which

1.Production efficiency. A)state the condition for production in terms of which slopes are equal. use terms such as MRS,MRTS,MRT,and/or - P horizontal/P vertical P horizontal refe…

1.Project K costs $60,000, its expected cash inflows are $13,000 per year for 7

1.Project K costs $60,000, its expected cash inflows are $13,000 per year for 7 years, and its WACC is 9%. What is the project's NPV? Round your answer to the nearest cent. 2.Proj…

1.Purchasing power parity implies that a. the real exchange rate is equal to 1.

1.Purchasing power parity implies that a. the real exchange rate is equal to 1.                b. the law of one price does not hold. c. inflation rates are equal across countries…

1.Refer to Graph A. The difference between the SRATC curves and the LRAC curve i

1.Refer to Graph A. The difference between the SRATC curves and the LRAC curve is that A) the SRATC curves show the optimal plant size when all factors of production are variable,…

1.Refer to the diagram above. At output level Q 2 : 2.An unregulated pure monopo

1.Refer to the diagram above. At output level Q2: 2.An unregulated pure monopolist will maximize profits by producing that output at which: 3.The kinked-demand curve of an oligopo…

1.Refer to the table above. If the firm is hiring workers under purely competiti

1.Refer to the table above. If the firm is hiring workers under purely competitive conditions at a wage rate of $22, it will employ: 2.A farmer who has fixed amounts of land and c…

1.Refer to the table above. Suppose that the union that provides labor to firms

1.Refer to the table above. Suppose that the union that provides labor to firms in this market successfully negotiates an increase in the wage rate from $8 to $10. As a result of …

1.Relative to corporations, sole proprietorships are: a. more numerous and small

1.Relative to corporations, sole proprietorships are: a. more numerous and smaller in size. b. less numerous and smaller in size. c. more numerous and larger in size. d. less nume…

1.Rent control is typically imposed ostensibly for the purpose of helping the po

1.Rent control is typically imposed ostensibly for the purpose of helping the poor. Why might you be able to argue that few poor people will actually be the beneficiaries of such …

1.Ron consumes $55 and saves $15 additional dollars as a result of his income in

1.Ron consumes $55 and saves $15 additional dollars as a result of his income increasing. What approximately is Ron's Marginal Propensity to Consume? Select one: a. .65 b. .68 c. …

1.Select two trade theories that best explain why GEH expanded its operations of

1.Select two trade theories that best explain why GEH expanded its operations of developing new drugs to India, and manufacturing X-ray business to China. 2.Explain the selected t…

1.Stating that the appliance was the best bet available, Elmo, a door-to-door sa

1.Stating that the appliance was the best bet available, Elmo, a door-to-door salesman, entered into a contract to sell the Walton family home freezer unit on credit. The total pr…

1.Steel mill wage costs increase by 18 percent over a year. What is the likely e

1.Steel mill wage costs increase by 18 percent over a year. What is the likely economic effect on the market for steel? a There is an increase in the cost of producing steel, whic…

1.Steel mill wage costs increase by 18 percent over a year. What is the likely e

1.Steel mill wage costs increase by 18 percent over a year. What is the likely economic effect on the market for steel? a There is an increase in the cost of producing steel, whic…

1.Suggest how an economist would approach the problem of alcohol abuse. Provide

1.Suggest how an economist would approach the problem of alcohol abuse. Provide two (2) possible solutions to this problem. Include the four (4) elements of the economic way of th…

1.Supply curves follow the law of supply. Positively related Indirectly related

1.Supply curves follow the law of supply. Positively related Indirectly related Unrelated Negatively related 2.Scarcity means? Resources are limited but consumption goods are not.…

1.Supply curves follow the law of supply. a.Positively related b.Indirectly rela

1.Supply curves follow the law of supply. a.Positively related b.Indirectly related c.Unrelated d.Negatively related 2.Scarcity means? a.Resources are limited but consumption good…

1.Suppose M1 is given by currency plus deposits: , and the base is given by curr

1.Suppose M1 is given by currency plus deposits: , and the base is given by currency plus reserves: . Recall that the base and the money supply are connected by the multiplier, m,…

1.Suppose a basket of goods and services costs 1,200 pesos in Mexico and 400 dol

1.Suppose a basket of goods and services costs 1,200 pesos in Mexico and 400 dollars in the United States. In this case, what is the purchasing power parity? 12 pesos per dollar 1…

1.Suppose a monopolist faces the demand curve P = 153 - 1Q. The monopolist\'s ma

1.Suppose a monopolist faces the demand curve P = 153 - 1Q. The monopolist's marginal costs are a constant $16 and they have fixed costs equal to $146. Given this information, wha…

1.Suppose in the perfectly competitive market for flavored yogurt, the demand is

1.Suppose in the perfectly competitive market for flavored yogurt, the demand is given by Q=80-4p and the supply is given byQ=25+2p . The government imposes a $2 per unit tax on f…

1.Suppose oil prices increase. Which of the following is true? a. Equilibrium wa

1.Suppose oil prices increase. Which of the following is true? a. Equilibrium wages are lower. b. Employment is lower. c. Both of these choices are correct. d. None of these choic…

1.Suppose that optimal deterrence of a particular crime requires setting the exp

1.Suppose that optimal deterrence of a particular crime requires setting the expected punishment equal to $2,000. Assume the probability of apprehension is fixed at .20. (a)Suppos…

1.Suppose that the Price level = 120, Supply of Money = $20 billion, and Real GD

1.Suppose that the Price level = 120, Supply of Money = $20 billion, and Real GDP = $4 billion. If the velocity of money stays the same but Real GDP increases by 20%, what will ha…

1.Suppose that the total benefit depends on the level Q of a particular activity

1.Suppose that the total benefit depends on the level Q of a particular activity with total benefits given by B(Q) = 40Q - Q 2 and total costs given by C(Q) = 300 + 20Q a. Write o…

1.Suppose the income of buyers in a market for an inferior good decreases and a

1.Suppose the income of buyers in a market for an inferior good decreases and a technological advancement occurs also. What would we expect to happen in the market? A.Equilibrium …

1.Suppose the market for used cameras in Athabasca includes both high quality (e

   1.Suppose the market for used cameras in Athabasca includes both high quality (expensive) cameras as well as low quality (inexpensive) cameras. The markets for high quality and…

1.Suppose the price of corn is about to rise, identify the group of market parti

1.Suppose the price of corn is about to rise, identify the group of market participants that will initiate the adjustment process and why they do so. 2. Identify the possible mark…

1.Suppose the production function of the fishing industry is q = 60L 0.4 K 0.7 F

1.Suppose the production function of the fishing industry is q = 60L0.4 K0.7 Find the marginal product of capital. Show how capital is subject to the law of diminishing marginal r…

1.Suppose there is an decrease in the price of wood. We would expect the supply

1.Suppose there is an decrease in the price of wood. We would expect the supply curve for pencils to shift leftward. remained unchanged as the price of pencils and the quantity su…

1.Suppose you have an offer of $200,000 to sell your house this year. The market

1.Suppose you have an offer of $200,000 to sell your house this year. The market rate of interest is 10%. You expect to be able to sell your house next year for $230,000. In parti…

1.Susan is a promoter for a proposed corporation, Acme Corp. As promoter, she si

1.Susan is a promoter for a proposed corporation, Acme Corp. As promoter, she signed a three-year lease to rent office space in an office park. She signed her name and indicated b…

1.The Cross-price-elasticity of demand for Tylenol and Aleve is likely to be (Po

1.The Cross-price-elasticity of demand for Tylenol and Aleve is likely to be (Points : 2)         A. Greater than zero         B. Less than zero         C. Zero         D. Infinit…

1.The Depository Institutions Deregulation and Monetary Control Act of 1980 did

1.The Depository Institutions Deregulation and Monetary Control Act of 1980 did not a.require all commercial banks to join the Federal Reserve System b.expand the use of Fed servi…

1.The FED increased the monetary base by $2 to $3 trillion dollars in the Great

1.The FED increased the monetary base by $2 to $3 trillion dollars in the Great Recession (2007-2009). True False 2.President Trump's Council of Economic Advisors Chairman is: Kev…

1.The Heuser Company\'s currently outstanding bonds have a 10% coupon and a 13%

1.The Heuser Company's currently outstanding bonds have a 10% coupon and a 13% yield to maturity. Heuser believes it could issue new bonds at par that would provide a similar yiel…

1.The Johnsville Co. produces pipe insulation at a cost of $10 per ton. It is al

1.The Johnsville Co. produces pipe insulation at a cost of $10 per ton. It is also known that for every ton of insulation it produces it also vents into the air one ounce of asbes…

1.The Keynesian analysis differs from classical analysis in its short-run analys

1.The Keynesian analysis differs from classical analysis in its short-run analysis of the economy. True or False 2.In the simplest Keynesian model, planned investment is assumed t…

1.The Scopes Trial was about________________ The Jim Crow South Immigration Proh

1.The Scopes Trial was about________________ The Jim Crow South Immigration Prohibition 2. The Klan did not: Have several members who served as state level congressmen Focus on mo…

1.The U6 measure of unemployment is approximately 1/2 the U3 official rate. True

1.The U6 measure of unemployment is approximately 1/2 the U3 official rate. True False 2.Market failure is the focus of the Keynesian School. True False 3.The monetary base is com…

1.The United States of America (USA) is an example of which of the following? A.

1.The United States of America (USA) is an example of which of the following? A. free trade area B. political union C. economic union D. common market 2.The European Union (EU) is…

1.The United States of America (USA) is an example of which of the following? A.

1.The United States of America (USA) is an example of which of the following? A. free trade area B. political union C. economic union D. common market 2.The European Union (EU) is…

1.The change in total producer surplus, the total producers surplus 2.is 140, is

1.The change in total producer surplus, the total producers surplus 2.is 140, is 100, 100 to 140, 160 to 140 The following graph shows the supply curve for a group of students loo…

1.The concept of limited liability says a stockholder of a corporation: a.Is lia

1.The concept of limited liability says a stockholder of a corporation: a.Is liable for the corporation's liabilities, but nothing more. b.Cannot receive dividends that exceed the…

1.The decline in the value of the dollar from 1985 to 1988 was beneficial to a.

1.The decline in the value of the dollar from 1985 to 1988 was beneficial to a. American tourists travelling to Europe. b. firms importing goods into America.///////////////// c. …

1.The definition of a hyperinflation is having an inflation rate of 50 percent a

1.The definition of a hyperinflation is having an inflation rate of 50 percent a year (or more). Ture or False 2.Suppose that union leaders negotiate a significant increase in nom…