Economics

12 1 Calculating Markup Percent 3 Cost 4 Markup % 5 Retail In the above spreadsh

12 1 Calculating Markup Percent 3 Cost 4 Markup % 5 Retail In the above spreadsheet, enter the formula that will perform the calculation to find the markup percentage. Use the spr…

12 Give one method the philosophers Rawls and Nozick would use to select from a

12 Give one method the philosophers Rawls and Nozick would use to select from a large set of Pareto Optimal allocations a unique candidate as a target for policy implementation. […

12 I1 6el 602 20 In the figure above O A decrease in the price of Good X will ca

12 I1 6el 602 20 In the figure above O A decrease in the price of Good X will cause the budget constraint to move from BC1 to BC2. O Assuming BC1, if the price of X is $3 then the…

12 JI John is trying to decide how to divide his time between his job as a stock

12 JI John is trying to decide how to divide his time between his job as a stocker in the local grocery store, which pays $7 per hour for as many hours as he chooses to work, and …

12 Rock, Paper, Scissors is a game in which two players simultaneously display o

12 Rock, Paper, Scissors is a game in which two players simultaneously display one of three hand symbols. The following table presents the payoffs. Player 2 Rock Paper Scissors 0,…

12 The term totalitarianism can best be defined as the (1) belief that change an

12 The term totalitarianism can best be defined as the (1) belief that change and progress are benefici (2) practice of using faith and religious doctrine (3) idea that all aspect…

12 of 13 sose the one alternative that best completes the statement or answers t

12 of 13 sose the one alternative that best completes the statement or answers the question M Figure - Price of dollars per ton) Figure 4-6 shows the demand and supply curves for …

12 of 14 Settings inthenew shortnnequilitnum, theunemploymentrate,the .. A unemp

12 of 14 Settings inthenew shortnnequilitnum, theunemploymentrate,the .. A unemployment rate in the initial equibrium prior to the increase in the price of oil. BAg SP485, LRAS SR…

12 of 28 (9 complete) The monthly market basket for consumers consists of pizza,

12 of 28 (9 complete) The monthly market basket for consumers consists of pizza, t-shirts, and rent The table below shows market basket quantities and prices for the base year (Ye…

12 of 45 (10 complete) This Test: 45 pts possible This Question: 1 pt Assume tha

12 of 45 (10 complete) This Test: 45 pts possible This Question: 1 pt Assume that a firm wants to set up a factory. It has four different options. The rent of the factory in the f…

12) A new machine comes with 100 free service hours over the first year. Additio

12) A new machine comes with 100 free service hours over the first year. Additional time costs $75 per hour. What is the average cost per hour for 175 hours? 13) A realtor sold a …

12) A new machine comes with 100 free service hours over the first year. Additio

12) A new machine comes with 100 free service hours over the first year. Additional time costs $75 per hour. What is the average cost per hour for 175 hours? 13) A realtor sold a …

12) An exponential reserve index assumes... a) That economically recoverable res

12) An exponential reserve index assumes... a) That economically recoverable reserves will increase exponentially b) That consumption will increase exponentially c) That the resou…

12) Bal has graduated with his degree in economics Through Career Services he su

12) Bal has graduated with his degree in economics Through Career Services he submitted tis resume to w and he will visit them A) not in the labor force. B) D) cyclically E) 13) S…

12) Bubba, an accountant earns $50,000 a year. He spends $40,000 and saves $10,0

12) Bubba, an accountant earns $50,000 a year. He spends $40,000 and saves $10,00. what is Bubba's average propensity to consume ? A) .9 B) .8 C) .75 D) .5 E) none of the above 11…

12) If a firm operating in a perfectly competitive industry maximizes short-run

12) If a firm operating in a perfectly competitive industry maximizes short-run profits by producing some quantity of output q* > 0, which of the following must be true at that…

12) In the short run when prices don\'t have enough time to change, the Federal

12) In the short run when prices don't have enough time to change, the Federal Reserve 1) can influence the level of interest rates in the economy 2) cannot influence the level of…

12) Suppose firms are currently producing output at a level beyond their normal

12) Suppose firms are currently producing output at a level beyond their normal capacity by using factors o production at abnormally high intensity of use. We would expect a negat…

12) Tariffs and import quotas are the backbone of our international economic pol

12) Tariffs and import quotas are the backbone of our international economic policies and are designed to help developing countries grow faster. lead to large-scale lobbying effor…

12) The Law of Large Numbers says that, under fairly general conditions, ... the

12) The Law of Large Numbers says that, under fairly general conditions, ... the distribution of the sample mean converges to a normal distribution. the sample mean will go to inf…

12) The federal funds rate is the interest rate the Fed charges com mercial bank

12) The federal funds rate is the interest rate the Fed charges com mercial banks. a) True b) False 13) A decrease in interest rates a) decreases investment spending and increases…

12) The table below shows the aggregate demand and short run aggregate supply cu

12) The table below shows the aggregate demand and short run aggregate supply curves for an economy. The potential level of output is $7.6 trillion. If policymakers adopt a nonint…

12) When Maria deposits $100 in currency in her checkable deposit at Bank of Ame

12) When Maria deposits $100 in currency in her checkable deposit at Bank of Ameríca, the immediate effect is that the quantity of M1 B) does not change. C) increases. D) changes,…

12) You have some estimates of national accounts numbers for a closed economy fo

12) You have some estimates of national accounts numbers for a closed economy for the coming year. Under one set of expectations, government purchases will be $30 billion, transfe…

12) if the Fed buys $1 million of bonds from the First National Bank, but an add

12) if the Fed buys $1 million of bonds from the First National Bank, but an additional 10% of any from deposit is held as excess reserves, what is the total Increase in checkable…

12)Black markets emerge during times of -price floors. -neither price floors nor

12)Black markets emerge during times of -price floors. -neither price floors nor price ceilings. -both price floors and price ceilings. -price ceilings. 13)A socialist economy is …

12, & 13 Exam- Requires Respondus LockDown Browser me Left:0:49:18 Karis Morriso

12, & 13 Exam- Requires Respondus LockDown Browser me Left:0:49:18 Karis Morrison: Attempt 1 OC) has high barriers to entry but is "competitive' because it has many firms D) h…

12, Sam makes a deal to pay $400 a month for 3 years on a car loan at 4.2% annua

12, Sam makes a deal to pay $400 a month for 3 years on a car loan at 4.2% annual interest compounded monthly to pay for a car. To calculate the present value of an ordinary annui…

12,13 5. Economic profit is equal to services. a. total revenue minus the explic

12,13 5. Economic profit is equal to services. a. total revenue minus the explicit t of producing goods and cing goods and c. total revenue minus the accounting cost of producing …

12- An increase in the wages paid to fishermen will have what effect on the fish

12- An increase in the wages paid to fishermen will have what effect on the fish market equilibrium? Question 25 options: a- Price will decrease, and quantity will decrease. b- Pr…

12- Opportunity cost: Question 12 options: a- represents the best alternative sa

12- Opportunity cost: Question 12 options: a- represents the best alternative sacrificed for a chosen alternative. b- has no relationship to the various alternatives that must be …

12-2 Parking at Cowboys Stadium What would efficient revenue management imply fo

12-2 Parking at Cowboys Stadium What would efficient revenue management imply for the pricing of the Cowboys Stadium parking lot on typical game days? How about for the Super Bowl…

12-2. Consider the table below when answering the following questions. For this

12-2. Consider the table below when answering the following questions. For this hypothetical economy, the marginal propensity to save is constant at all levels of real GDP, and in…

12-38 Specialty Machining, Inc. bought a new multi turer $80,000 per year. Opera

12-38 Specialty Machining, Inc. bought a new multi turer $80,000 per year. Operating costs year. Follow turning center for $250,000. The machine generate new revenue of for the ma…

12-Suppose that a jewelry store found that when it increased prices by 10 percen

12-Suppose that a jewelry store found that when it increased prices by 10 percent, sales revenue increased by 3 percent. Which of the following is true about the price elasticity …

12. (20 points) Javier loves snacks and spends $100/week on them (so IS100 for t

12. (20 points) Javier loves snacks and spends $100/week on them (so IS100 for this problem) Candy costs $10/pound and nuts cost $10/pound, and Javier can buy fractions of pounds …

12. A free rider is a person who a. will only purchase a product on sale b. rece

12. A free rider is a person who a. will only purchase a product on sale b. receives the benefit of a good but avoids paying for it. e. can produce a good at no cost. d. rides pub…

12. A job description should include (a) Summary paragraph of job goals (b) Duti

12. A job description should include (a) Summary paragraph of job goals (b) Duties and responsibilities (c) Description of job performance evaluation procedures (d) All of the abo…

12. A natural monopoly: a. Is needed to make a profit in the long run. b. Is an

12. A natural monopoly: a. Is needed to make a profit in the long run. b. Is an example of a government-created barrier. c. Exists when a firm has sole ownership of a natural reso…

12. A newly issued bond pays its coupons once annually. Its coupon rate is 5 per

12. A newly issued bond pays its coupons once annually. Its coupon rate is 5 percent, its maturity is a. Find the holding-period return for a one-year investment period if the bon…

12. According to the optimal output rule, if marginal benefit: A. exceeds margin

12. According to the optimal output rule, if marginal benefit: A. exceeds marginal cost, net benefit is maximized. B. exceeds marginal cost, production should be increased. C. is …

12. According to the optimal output rule, if marginal benefit: A. exceeds margin

12. According to the optimal output rule, if marginal benefit: A. exceeds marginal cost, net benefit is maximized. B. exceeds marginal cost, production should be increased. C. is …

12. All else the same, the value of a call option decreases _______________. A)

12. All else the same, the value of a call option decreases _______________. A) with increases in the underlying asset price B) with decreases in the exercise price C) with decrea…

12. An example of a positive externality is a. freeway congestion. b. pollution

12. An example of a positive externality is a. freeway congestion. b. pollution in a resort lake. c. airport noise. d. beautiful trees on property along a parkway. 13. When negati…

12. An increase in the expected inflation rate will a. shift the short run Phill

12. An increase in the expected inflation rate will a. shift the short run Phillips curve upward b. shift the short-run Phillips curve downward aund to the left c. cause no shift …

12. An organization is attempting to apply concepts of minimum costs in its prev

12. An organization is attempting to apply concepts of minimum costs in its preventive maintenance pro- gram. Currently, equipment requires major repairs every year at a cost of $…

12. Arbitraging price differences between two markets is generally not possible

12. Arbitraging price differences between two markets is generally not possible if: A) there are positive costs of transporting the products from one market to the other. B) the t…

12. Aristotle argues that whatever is the good in itself, it must be something s

12. Aristotle argues that whatever is the good in itself, it must be something sought which meets three criteria, namely that it must be ___________. (a) pure, final, based on goo…

12. As a result of the Brexit vote (the United Kingdom\'s vote to leave the Euro

12. As a result of the Brexit vote (the United Kingdom's vote to leave the European Union), the pound sterling has weakened. It reached a 31-year low against the US dollar. From 2…

12. At the equilibrium price of $10, the elasticity of demand and supply are –0.

12. At the equilibrium price of $10, the elasticity of demand and supply are –0.9 and 1.10. If the government institutes a $1-per-unit tax, what price will sellers receive and con…