Economics

1.Why have economic analyses of clinical and administrative innovations become m

1.Why have economic analyses of clinical and administrative innovations become more important? 2.A clinic finds that by eliminating appointments it can reduce costs. The clinic is…

1.Why is it important that in understanding supply chain we study Industrial Org

1.Why is it important that in understanding supply chain we study Industrial Organization? 2.Suppose that the total cost function of a pumpkin producing farm is TC=18,000+5q+20q2,…

1.Why is the demand for labor more elastic in the long run? A. Output effect B.

1.Why is the demand for labor more elastic in the long run? A. Output effect B. Input-substitution effect C. Both A and B 2. The skills required for gold miners and coal miners ar…

1.Why should the govt monitor money supply? If we are in recession today, which

1.Why should the govt monitor money supply? If we are in recession today, which one of the three tools of monetary policy would you suggest and why (you must select from one of th…

1.Why would suppliers be willing to accept prices that cover variable costs, but

1.Why would suppliers be willing to accept prices that cover variable costs, but do not cover total costs?  How does the answer depend on whether the decision is a short-run or lo…

1.Write down Carlos’s demand for apples and bananas as a function of his income

1.Write down Carlos’s demand for apples and bananas as a function of his income (M), price of apples (pa), and price of bananas (pB). 2. Suppose M = 100 and pa = pb = 1. How many …

1.You are a fleet manager for a metro-area company. You\'ve recently discovered

1.You are a fleet manager for a metro-area company. You've recently discovered that ten of your company's vehicles require repairs which will cost an estimated $2,000 each. In con…

1.You are paying a series of five constant-dollar (or real-dollar) uniform payme

1.You are paying a series of five constant-dollar (or real-dollar) uniform payments of $2374.47 beginning at the end of first year. Assume that the general inflation rate is 18.81…

1.You can tell a firm is operating in a market that is in long-run competitive e

1.You can tell a firm is operating in a market that is in long-run competitive equilibrium if economic profits are negative. 2. A farmers’ market is close to being a perfectly com…

1.You got a job in year 2015 with a salary of $50,000. In 2016, you receive a $2

1.You got a job in year 2015 with a salary of $50,000. In 2016, you receive a $2,000 increase in your salary. CPI in 2016 with base year in 2015 is 105. [4 points] a.Calculate you…

1.You have a small bakery house. Total labor for it is $10,000 per year, annual

1.You have a small bakery house. Total labor for it is $10,000 per year, annual rent $8,000, and material cost $10,000 per year. You have your own fund of $50,000 that could earn …

1.You sell a futures contract at a price of $245. You are required to pay an ini

1.You sell a futures contract at a price of $245.  You are required to pay an initial margin of $100.  On the first day of trading after you sell the contract, the price falls to …

1.Your accountants tell you that it costs $400 to set up an immunization program

1.Your accountants tell you that it costs $400 to set up an immunization program at a preschool and immunize one child against polio. It will cost $460 to immunize 20 more childre…

1.Your club has 20 members. You are in charge of producing a committee of four m

1.Your club has 20 members. You are in charge of producing a committee of four members. How many different committees are possible? 2.At the end of the spring semester, a student …

1.\'P\' is a peasant who has to work three days a week on land that he doesn\'t

1.'P' is a peasant who has to work three days a week on land that he doesn't even own. 'P' is most likely to live in which of the following types of economy? ancient market econom…

1.________ occurs when a firm cuts prices below production costs in a deliberate

1.________ occurs when a firm cuts prices below production costs in a deliberate attempt to drive competitors out of business. Select one: a. Voracious dumping b. Ravaging dumping…

1.a. In Figure 1, below, which curve is a demand curve? Which is a supply EXPLAI

1.a. In Figure 1, below, which curve is a demand curve? Which is a supply EXPLAIN b. Which of the following markets probably has supply and demand curves most like those in Figure…

1.a. Suppose person A has $1,000 and person B has $10,000. If they each have a u

1.a. Suppose person A has $1,000 and person B has $10,000. If they each have a utility function of U($) = ln($), what is the ratio of MUa/MUb (marginal utility of person A divided…

1.an industry experiences a technological advance that improves productivity. th

1.an industry experiences a technological advance that improves productivity. this change will result in a(n) A. Increase in marginal cost for firms in the industry and a decrease…

1.consider the macroeconomic date in the table below and answer the following qu

1.consider the macroeconomic date in the table below and answer the following question a.Compute the output gap for each year. b.Explain how actual GDP can exceed potential GDP c.…

1.deadweight losses occur when the quantity of an output produced is A.less than

1.deadweight losses occur when the quantity of an output produced is A.less than or greater than the competitive equilibrium quantity. B.greater than the competitive equilibrium q…

1.if a stock is expected to pay a dividend of $ 25 for the current year, what is

1.if a stock is expected to pay a dividend of $ 25 for the current year, what is the approximate present value of this stock, given at discount rate of 10 % and a dividend growth …

1.if the quantity demanded of a good is given by Qd = 200 - 8*P and the quantity

1.if the quantity demanded of a good is given by Qd = 200 - 8*P and the quantity supplied of a good is given by Qs = 20 + 4*P then A. the equilibrium price is $15.00 and the equil…

1.many american companies really discovered their ability to push products into

1.many american companies really discovered their ability to push products into consumers's home via advertising and promotion during the___ when supply was greater than Demand wi…

1.the most important income distribution decisions that the government makes inv

1.the most important income distribution decisions that the government makes involve: establishing and protecting property rights. maintaining a progressive income tax structure. …

1.what is the law of supply? how many of the following \" goods\" do you think c

1.what is the law of supply? how many of the following " goods" do you think conform to the general law of supply? explain your answer in each case. a. gasoline b. cheating on exa…

1.which of the following is a sign that an economy is in poor health? a) a prolo

1.which of the following is a sign that an economy is in poor health? a) a prolonged decline in total output b) failure of total output to equal total income c) failure of output …

1/ A carpenter’s union will be an industrial union. 2/ The wage rate is the amou

1/ A carpenter’s union will be an industrial union. 2/ The wage rate is the amount being paid whereas the change in total wages with the addition of one more worker is the _______…

1/ Answer the next question(s) based on the following payoff matrix for a duopol

1/ Answer the next question(s) based on the following payoff matrix for a duopoly in which the numbers indicate the profit in thousands of dollars for a high-price or a low-price …

1/ Assume that the government imposes a 30% tax on your income and deducts $8,00

1/ Assume that the government imposes a 30% tax on your income and deducts $8,000 from the result. Under a negative income tax scheme, if you earn $30,000 a year, you will A/recei…

1/ Define a strong-mayor system. A mayor in a strong-mayor city system wishes to

1/ Define a strong-mayor system. A mayor in a strong-mayor city system wishes to promote walking and bicycling in the city to reduce traffic congestion and carbon emissions. The m…

1/ Define the term “Business Model.” Explain the importance of business models.

1/ Define the term “Business Model.” Explain the importance of business models. 2/ What does it mean to “capture value.” 3/ What is a “supply chain” and how might one uncover (exp…

1/ For a consumer with insurance, the incentive to obtain more medical care is _

1/ For a consumer with insurance, the incentive to obtain more medical care is _____ as the marginal cost of additional care is _____. a/ high; high b/high; low c/ low; high d/ lo…

1/ Identify whether expansionary or contractionary fiscal policy, or no policy i

1/ Identify whether expansionary or contractionary fiscal policy, or no policy intervention at all, would seem to be most appropriate in response to each of the situations below. …

1/ Money that some authority, generally a government, has ordered to be accepted

1/ Money that some authority, generally a government, has ordered to be accepted as a medium of exchange is called _______ money A/fiat B/intrinsic C/commodity D/debt 2/If the ban…

1/ Refer the the corn and oats economy analyzed in your course pack and in class

1/ Refer the the corn and oats economy analyzed in your course pack and in class today (2A). The Production Possibility Frontier boundary should trace out the maximum amount of oa…

1/ Several studies have shown promising links between green tea consumption and

1/ Several studies have shown promising links between green tea consumption and cancer prevention. How does this affect the market for green tea? A) The demand for green tea curve…

1/ The economy that operates above (outside of) its production possibility curve

1/ The economy that operates above (outside of) its production possibility curve is less efficient than it would be if it were operating on its production possibility curve. 2/ Wh…

1/ The existence of banks: A.has no effect on the trade-off between rate of retu

1/ The existence of banks: A.has no effect on the trade-off between rate of return and liquidity. B.increases the severity of the trade-off between rate of return and liquidity C.…

1/ The sticky-price theory of the short-run aggregate supply curve says that whe

1/ The sticky-price theory of the short-run aggregate supply curve says that when the price level is higher than expected, some firms will have higher than desired prices, which l…

1/ The sum of consumer surplus and producer surplus is called ________. 2/The di

1/ The sum of consumer surplus and producer surplus is called ________. 2/The difference between the maximum amount a person is willing to pay for a given quantity of a good and t…

1/ Transfer payments in goods and services in lieu of cash are called __________

1/ Transfer payments in goods and services in lieu of cash are called ________________. 2/ Food stamps are now electronic and are referred to as SNAP, which is an acronym for ____…

1/ What did this game teach you about the trade-off between profit and risk? 2/H

1/ What did this game teach you about the trade-off between profit and risk? 2/How might trade-offs lead to a banking panic? 2/What interventions may prevent a bank run? 3/How mig…

1/ Which of the following is not characteristic of the demand for a commodity th

1/ Which of the following is not characteristic of the demand for a commodity that is elastic? A. The relative change in quantity demanded is greater than the relative change in p…

1/ Which of the following is not true about the race riots during Red Summer, 19

1/ Which of the following is not true about the race riots during Red Summer, 1919? a.Most of the race riots were caused by frustrated African-Americans who expected to be treated…

1/ Why is it critical that entrepreneurs and all businesses innovate? What are t

1/ Why is it critical that entrepreneurs and all businesses innovate? What are the reasons that make it difficult for enterprises to simply stand still and accept the status quo? …

1/ distinguishing feature of monopoly. a. there are no close substitutes for a m

1/ distinguishing feature of monopoly. a. there are no close substitutes for a monopolist's product b. There are many firms in a monopolized industry c. There are no barriers to e…

1//// Use the above figure. The ATC at output 10 is A) $30.00 B) $10.00 C) $2.00

1//// Use the above figure. The ATC at output 10 is A) $30.00 B) $10.00 C) $2.00 D) $3.00 2//// Use the above figure. The AFC at output level 10 is A) $3 B) $2 C) $1 D) $10 3//// …

1/08/18 11 59pm The ability to-pay principle O A. supports zero income taxes and

1/08/18 11 59pm The ability to-pay principle O A. supports zero income taxes and higher consumption taxes OB. isthe proposition that people should pay taxes equal to the benefits …

1/08/18 1:59pm Which of the ollwing is an example of a production quota? 01/08/1

1/08/18 1:59pm Which of the ollwing is an example of a production quota? 01/08/18 OA. The government sets a lower limit on the quantity that each dairy farmer can produce 11.59pm …