Economics

(TCO B) The supply and demand schedules for tickets to basketball games in town

(TCO B) The supply and demand schedules for tickets to basketball games in town of Oakwood are given in the table below. (20 points) Price Quantity Demanded Quantity Supplied $6 3…

(TCO C) Answer the next questions (Parts A and B) on the basis of the following

(TCO C) Answer the next questions (Parts A and B) on the basis of the following cost data for a firm operating in pure competition: OUTPUT ------ TFC -------- TVC 0               …

(TCO C) You have been hired to manage a small manufacturing facility which has c

(TCO C) You have been hired to manage a small manufacturing facility which has cost and production data given in the table below. No. of workers--------Total Labor Cost------Outpu…

(TCO C) You have been hired to manage a small manufacturing facility whose cost

(TCO C)  You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below.                           Total                 …

(TCO C) You have been hired to manage a small manufacturing facility whose cost

(TCO C) You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below. Total Total Workers Labor Cost Output Revenue 1 $…

(TCO D) A software producer has fixed costs of $30,000 per month and her Total V

(TCO D)   A software producer has fixed costs of $30,000 per month and her Total Variable Costs (TVC) as a function of output Q are given below:   Q                        TVC    …

(TCO D) Identify the three primary methods of funding (direct pay and reimbursem

(TCO D) Identify the three primary methods of funding (direct pay and reimbursement) healthcare in the United States. Describe (in detail) the projected impact a government-operat…

(Table 12.17) The payoffs represent profits in millions of dollars. In this infi

(Table 12.17) The payoffs represent profits in millions of dollars. In this infinitely repeated game, Firm A and Firm B agree to cooperate and not offer warranty coverage. Each fi…

(Table: Bundles of X and Y) A consumer can choose between combinations of Goods

(Table: Bundles of X and Y) A consumer can choose between combinations of Goods X and Y. The table provided gives several bundles of X and Y and the utility produced by those comb…

(Table: Monopoly) The monopolist represented in the table has a marginal cost of

(Table: Monopoly) The monopolist represented in the table has a marginal cost of $4 times the quantity produced. The profit-maximizing level of production for this monopolist woul…

(Table: Peanut Butter and Jelly) Look at the table Peanut Butter and Jelly. Supp

(Table: Peanut Butter and Jelly) Look at the table Peanut Butter and Jelly. Suppose a market basket consists of 20 jars of peanut bufter and 10 jars of jelly. If 2012 is the base …

(Table: Production Possibilities Schedule II) Look at the table Production Possi

(Table: Production Possibilities Schedule II) Look at the table Production Possibilities Schedule II. If the economy is producing at alternative X, the opportunity cost to it of p…

(Table: Tutoring) Look at the table Tutoring. If the college requires all tutors

(Table:   Tutoring) Look at the table Tutoring. If the college requires all tutors to   register with the dean and charges each tutor $10 to register, Sigmund's   total net gain f…

(Tadelis 2.11). You\'re a sprinter, and in practice today you fell and hurt your

(Tadelis 2.11). You're a sprinter, and in practice today you fell and hurt your leg. An x-ray suggests that it's broken with probability 0.2. Your problem is whether you should pa…

(Tadelis 2.11). You\'re a sprinter, and in practice today you fell and hurt your

(Tadelis 2.11). You're a sprinter, and in practice today you fell and hurt your leg. An x-ray suggests that it's broken with probability 0.2. Your problem is whether you should pa…

(Tax Rates) Suppose taxes are related to income as follows Income Taxes $1,000 $

(Tax Rates) Suppose taxes are related to income as follows Income           Taxes $1,000             $200 $2,000             $350 $3,000             $450 a. What percentage of inc…

(The level of Good X is on the horizontal axis for this question.) If the price

(The level of Good X is on the horizontal axis for this question.) If the price consumption curve of good X slopes downward, we can be sure that as the price of good X falls: a) c…

(Theater Subject) Genre Title of Play/T.V. Program/Movie Example #1 Title of Pla

(Theater Subject) Genre Title of Play/T.V. Program/Movie Example #1 Title of Play/T.V. Program/Movie Example #2 Title of Play/T.V. Program/Movie Example #3 Tragedy Melodrama Drama…

(Theory of the Firm) Profits University produces student credit hours (y) with t

(Theory of the Firm) Profits University produces student credit hours (y) with two inputs: Professors' hours of work (X1) and TAs' hours of work (x2) according to the production f…

(There is no error in this question. Even though MR is not equal MC anywhere, th

(There is no error in this question. Even though MR is not equal MC anywhere, there is a correct answer.) A firm has the above marginal revenue and marginal cost schedule. To maxi…

(This problem is somewhat advanced.) Using symbols, we can write that the margin

(This problem is somewhat advanced.) Using symbols, we can write that the marginal product of labor is equal to Q/L. Marginal cost is equal to TC/Q. Because fixed costs by definit…

(U7CP) BUSINESS CASE A healthy lifestyle advocacy group is aiming to build a bik

(U7CP) BUSINESS CASE A healthy lifestyle advocacy group is aiming to build a bike sharing system within a medium-size metropolitan area. The group has signed a contract with a com…

(Use the attached graph) Assume that the economy initially is operating at price

(Use the attached graph) Assume that the economy initially is operating at price level 120 and real output level is $870. This output level is the economy's potential (or full-emp…

(Weighted average cost of capital) Crawford Enterprises is a publicly held compa

(Weighted average cost of capital) Crawford Enterprises is a publicly held company located in Arnold, Kansas. The firm began as a small tool and die shop but grew over its 35-year…

(a) (10 pts) Calculate the social trip cost at each traffic volume and fill in t

(a) (10 pts) Calculate the social trip cost at each traffic volume and fill in the blanks in the table. (b) (5 pts) What is the equilibrium traffic volume? (c) (5 pts) What is the…

(a) A consumer buys 20 pounds of good X when her income is $29,000 per year and

(a) A consumer buys 20 pounds of good X when her income is $29,000 per year and she buys 28 pounds when her income increases to $34,000. Using the midpoint formula, what is the in…

(a) A firm faces the following Marginal Rate of Technical Substitution and relat

(a) A firm faces the following Marginal Rate of Technical Substitution and relative input prices: MRTS-3 and w/r -4. Explain whether the firm is minimising its costs. What can the…

(a) Assume a competitive labor market. Draw the demand of labor curve for an ind

(a) Assume a competitive labor market. Draw the demand of labor curve for an individual firm. Assume that the firm faces a labor supply curve that is neither perfectly inelastic n…

(a) Assume a two-country world with two factors of production (capital and labor

(a) Assume a two-country world with two factors of production (capital and labor) and two goods. In this context, state the Heckscher-Ohlin theorem. Then indicate the two definiti…

(a) Assume the following equations ( in millions of dollars) describe an hypothe

(a) Assume the following equations ( in millions of dollars) describe an hypothetical economy where both the price level and interest rates are fixed. C = 100 + 0.8 (YD) YD = Y - …

(a) Briefly outline the economic reasoning behind the Taylor principle, and comm

(a) Briefly outline the economic reasoning behind the Taylor principle, and comment on the influence of this principle in monetary policy formation. (b) Based on your readings, do…

(a) Combine the period-1 and period-2 resource constraints into a lifetime resou

(a) Combine the period-1 and period-2 resource constraints into a lifetime resource constraint for the economy. (b) Using lifetime resource constraint you derived in (a), set up a…

(a) Complete the following cost schedule by computing average fixed cost and ave

(a) Complete the following cost schedule by computing average fixed cost and average variable cost. Instructions: Enter your responses rounded to the nearest whole number. Output …

(a) Complete the following table which summarizes the weekly sales and cost situ

(a) Complete the following table which summarizes the weekly sales and cost situation confronting a monopolist: Average TotalCost (c) At what rate of output is total revenue maxim…

(a) Complete the following table: Instructions: Enter your responses rounded to

(a) Complete the following table: Instructions: Enter your responses rounded to the nearest whole number. Indicate a negative response with a (-) negative sign. Price $26 $23 $20 …

(a) Complete the following table: Instructions: Enter your responses rounded to

(a) Complete the following table: Instructions: Enter your responses rounded to the nearest whole number. Indicate a negative response with a (-) negative sign. (b) At what rate o…

(a) Construct a choice table for interest rates from (b) If the minimum attracti

(a) Construct a choice table for interest rates from (b) If the minimum attractive rate of return is 8%, ree mutually exclusive alternatives are being 0% to 100%. which alternativ…

(a) Corey has a mountain bike worth $300, a credit card debt of $150, $200 in ca

(a) Corey has a mountain bike worth $300, a credit card debt of $150, $200 in cash, a Sandy Koufax baseball card worth $400, $1,200 in a checking account, and an electric due for …

(a) Corey has a mountain bike worth $300, a credit card debt of $150, $200 in ca

(a) Corey has a mountain bike worth $300, a credit card debt of $150, $200 in cash, a Sandy Koufax baseball card worth $400, $1,200 in a checking account, and an electric due for …

(a) Define the five types of “production effects” of economic growth in a countr

(a) Define the five types of “production effects” of economic growth in a country and the five types of “consumption effects” of the economic growth. Then define the types of poss…

(a) Describe how this ratio has changed from the 1950s to the 1990s. What might

(a) Describe how this ratio has changed from the 1950s to the 1990s. What might have caused this apparent shift in fundamental economic behavior in the United States? (b) This rat…

(a) Discuss some examples of ways in which government interference with market f

(a) Discuss some examples of ways in which government interference with market forces can lead to less efficient use of resources and to lower rates of economic growth. (b)How doe…

(a) Discuss various measures of capital market efficiency and how efficient capi

(a)    Discuss various measures of capital market efficiency and how efficient capital markets contribute to the efficiency in the market for goods and services (including product…

(a) Explain carefully what is meant by the wealth. Branwell is worried that his

(a) Explain carefully what is meant by the wealth. Branwell is worried that his precaces the prospe and destroyed by fire. He works out that he faces the pent wealth 0.95, 0.05]. …

(a) Explain the difference between adverse selection and moral hazard in insuran

(a) Explain the difference between adverse selection and moral hazard in insurance markets. Can one exist without the other? (b) An insurance company is considering issuing three …

(a) Explain this followving concept: (i) Intra-Industry Trade (ii) External econ

(a) Explain this followving concept: (i) Intra-Industry Trade (ii) External economies of scale 2 marks] [2 marks 12 marks) [2 marks] (ii) Internal economies of scale (iv) The over…

(a) Explain using a suitable diagram how the exchange rate is detennined under a

(a) Explain using a suitable diagram how the exchange rate is detennined under a flexible exchange rale system. What factors detennine the demand for foreign exchange and what fac…

(a) Explain using a suitable diagram how the exchange rate is detennined under a

(a) Explain using a suitable diagram how the exchange rate is detennined under a flexible exchange rale system. What factors detennine the demand for foreign exchange and what fac…

(a) Explain what is the income multiplier and why is it greater than one? (b) Dr

(a) Explain what is the income multiplier and why is it greater than one? (b) Draw a diagram of the money market and explain how equilibrium is achieved in the money market. Expla…

(a) Find a subgame perfect equilibrium of this game. What is player 1’s equilibr

(a) Find a subgame perfect equilibrium of this game. What is player 1’s equilibrium payoff in this subgame perfect equilibrium? (b) Find a pure strategy Nash equilibrium of this g…