Economics

(a) Give the equation for total revenue for z units per Problem 10 year (b) Give

(a) Give the equation for total revenue for z units per Problem 10 year (b) Give the equation for total costs for x units per year (c) What is the "breakeven" level of x? (d) If y…

(a) Harket (b) Firn LRMC 2 MC1 ATC, ATC3 1 3 2 l P TC 2 H HR Quantity Quantity B

(a) Harket (b) Firn LRMC 2 MC1 ATC, ATC3 1 3 2 l P TC 2 H HR Quantity Quantity Based on the figure above, which of the following statements is true about this compctitive industry…

(a) How many subtrees does this game have? How many regular subtrees? (b) Use ba

(a) How many subtrees does this game have? How many regular subtrees? (b) Use backwards induction and find the SPNE for the game. (c) Now consider a situation in which the three p…

(a) If banks operate a 20 per cent liquidity ratio, by how much will credit expa

(a)        If banks operate a 20 per cent liquidity ratio, by how much will credit expand if new deposits of £100 million are made by the customers of banks. (b)        Show the c…

(a) If price of pork increases by 10 percent, by how much does demand for beef c

(a) If price of pork increases by 10 percent, by how much does demand for beef change? (b) If price of pork increases by 10 percent, by how much does demand for food change? (hint…

(a) If the consumption of a resource is increasing at a constant rate of 10%, th

(a) If the consumption of a resource is increasing at a constant rate of 10%, then how many years will it take for this consumption to double? Please show how you got your answer.…

(a) If we are only concerned about physical energy efficiency, the most energy e

(a) If we are only concerned about physical energy efficiency, the most energy efficient way for a person to travel from one place to another? 1. Walk. 2. Drive alone in a typical…

(a) In the United States, _______ was the single most important form of energy f

(a) In the United States, _______ was the single most important form of energy from about 1890 until World War II, but ________ has been the most important since then. (Choose fro…

(a) In the country of Wiknam, real GDP is fixed by factor endowments and technol

(a) In the country of Wiknam, real GDP is fixed by factor endowments and technology and the velocity of money is constant. The money stock grows by 14% per year and the nominal in…

(a) Is it possible that diminishing marginal returns will set in after the first

(a) Is it possible that diminishing marginal returns will set in after the first unit of labour is employed? What do total and marginal product curves look like in this case? (b) …

(a) It has been observed that the inflation rates of the member countries of the

(a) It has been observed that the inflation rates of the member countries of the Exchange Rate Mechanism (ERM) of the European Monetary System tended to converge since the system …

(a) List and briefly explain, in your own words, the determinants of the price e

(a) List and briefly explain, in your own words, the determinants of the price elasticity of demand. (b) Choose one of the goods from exhibit 6 on page 163 in your text. Explain w…

(a) Moving diagonally toward Hyperinflation (from Point A to Point F in Figure 1

(a) Moving diagonally toward Hyperinflation (from Point A to Point F in Figure 1), the CPI, the nominal GDP, and the real GDP would all increase. (b) Moving diagonally toward Stag…

(a) Q(P) = 80-2P (b) Q(P)=2p-5 (c) Q(P)=a-bP 3. Suppose the supply curve for piz

(a) Q(P) = 80-2P (b) Q(P)=2p-5 (c) Q(P)=a-bP 3. Suppose the supply curve for pizza is given by QS 6P, where QS is the quantity offered for sale when the prices is P. Also, suppose…

(a) Select the correct statements. Select one or more: a. In a labor market wher

(a) Select the correct statements. Select one or more: a. In a labor market where there is unemployment, the workers are on the short side of the market. b. My friends and I were …

(a) Should the government impose regulations on Facebook and similar firms, or d

(a) Should the government impose regulations on Facebook and similar firms, or do you think Mark Zuckerberg and company can protect the public's privacy. (b) Explain what you thin…

(a) State whether you agree or disagree with the following statement Explain wha

(a) State whether you agree or disagree with the following statement Explain what happens to (ii) MS and (iii) interest rates When the real economy expands (Y rises), the demand f…

(a) Suppose Fiat recently entered into an Agreement and Plan of Merger with Case

(a) Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five …

(a) Suppose that country A wishes to restrict its imports of good X to 900 units

(a) Suppose that country A wishes to restrict its imports of good X to 900 units per month, which is a reduction from the current quantity of imports. Assume that A also produces …

(a) Suppose the quantity of fish purchased by Mr. Singh’s family is 21 kilos per

(a) Suppose the quantity of fish purchased by Mr. Singh’s family is 21 kilos per year when the price is $11.50 per kilo, and 17 kilos per year when the price is $20.50 per kilo. C…

(a) Tandem Industries purchased a patent on January 1, 2014, for $2,000,000. The

(a)   Tandem Industries purchased a patent on January 1, 2014, for $2,000,000. The patent's legal life is 20 years but the company estimates that the patent's useful life will onl…

(a) The Cenozoic Era began 1. some 65 million years ago once mamals killed off t

(a) The Cenozoic Era began 1. some 65 million years ago once mamals killed off the dinosaurs. 2. 3 to 4 million years ago when pre-human mamals began to walk on two legs. 3. 40,00…

(a) The covariance of two variables has been calculated to be 150: What does the

(a) The covariance of two variables has been calculated to be 150: What does the statistic tell you about the relationship between the two variables? (b) You've now learned that t…

(a) The local utility company applies a declining block rate structure for its i

(a) The local utility company applies a declining block rate structure for its industrial consumers, that lower unit price is charged for higher quantity blocks of electricity and…

(a) Two of the most important developments that greatly increased the survival s

(a) Two of the most important developments that greatly increased the survival success of early humanoids, was 1. the ability to make and use primitive tools for hunting, and 2. t…

(a) What do you believe should be the top spending priorities of the federal gov

(a) What do you believe should be the top spending priorities of the federal government? (b) Do you believe the federal government has a responsibility in regard to health needs o…

(a) What is a dividend and why is it taxed at a lower rate than regular income?

(a) What is a dividend and why is it taxed at a lower rate than regular income? (b) Give an example of a service unit of depreciation and an example of a company that might use th…

(a) What is a natural monopoly? What price yields the largest possible output co

(a) What is a natural monopoly? What price yields the largest possible output consistent (b) How does a car salesperson practice price discrimination? How does the ability (c) Con…

(a) What is each firm\'s strategic variable and what is firm A\'s profit maximiz

(a) What is each firm's strategic variable and what is firm A's profit maximization problem as a function of each firm's strategic variable? (b) What is each firm's best response …

(a) What is meant by production technologies, and how does it relates to produci

(a) What is meant by production technologies, and how does it relates to producing a particular amount of output in the long-run? How do firms decide which production technology t…

(a) What is the steady-state value of the capital-labor ratio? ( b) What is the

(a) What is the steady-state value of the capital-labor ratio? (b) What is the steady-state value of output per worker? (c) What is the steady-state value of consumption per worke…

(a) What percentage of U.S. debt do foreigners hold? Instructions: Enter your re

(a) What percentage of U.S. debt do foreigners hold? Instructions: Enter your response as a whole percentage. = 31% (b) If the interest rate on U.S. Treasury debt is 4 percent, ho…

(a) Which of these is a good example of a cartel? Select one or more: a. Organiz

(a) Which of these is a good example of a cartel? Select one or more: a. Organization of the Petroleum Exporting Countries b. European Union c. Microsoft Inc. d. National Rifle As…

(a) Why is the marginal product of labour likely to increase initially in the sh

(a) Why is the marginal product of labour likely to increase initially in the short run as more labour is hired? Why does production eventually experience diminishing marginal pro…

(a) [Hint: you do not need to write down a payoff matrix to answer these questio

(a) [Hint: you do not need to write down a payoff matrix to answer these questions] (i) Define the meaning of the term "Dominant Strategy (3 marks) (ii) You are out of town at a c…

(a) “Given the choice between skiing, snowboarding, and iceskating this Saturday

(a) “Given the choice between skiing, snowboarding, and iceskating this Saturday I can rank my options: 1. Snowboarding, 2. Skiing, 3. Iceskating.” (b) “I will take two scoops of …

(a). What is the equilibrium price of corn? (b). What is the amount of corn boug

(a). What is the equilibrium price of corn? (b). What is the amount of corn bought and sold in equilibrium? 3·T!e graph below shows the effects of hurricanes Charley, Frances, and…

(a)Explain the four steps of Box-Jenkin’s methods of forecasting. (b)Using Box-J

(a)Explain the four steps of Box-Jenkin’s methods of forecasting. (b)Using Box-Jenkin’s four-step method, forecast the US quarterly GDP for the second quarter of 2015. observation…

(a)The most economical, practical method for transporting coal that is in genera

(a)The most economical, practical method for transporting coal that is in general use is by 1. ship or barge. 2. unit trains. 3. trucks. 4. coal slurry pipeline. 5. converting the…

(a)You wish to obtain an annual rate of return of 12% from a bond Investment. Yo

(a)You wish to obtain an annual rate of return of 12% from a bond Investment. You will buy a bond with PAR value 10.000 and bond rate of return of 6% compounded semiannually. You …

(a.) (20 points) Suppose nominal GDP in 1999 was $100 billion and in 2001 it was

(a.) (20 points) Suppose nominal GDP in 1999 was $100 billion and in 2001 it was $260 billion. The general price index in 1999 was 100, and in 2001 it was 180. Between 1999 and 20…

(a.) (20 points) Suppose nominal GDP in 1999 was $200 billion, and in 2001, it w

(a.) (20 points) Suppose nominal GDP in 1999 was $200 billion, and in 2001, it was $270 billion. The general price index in 1999 was 100 and in 2001 it was 150. Between 1999 and 2…

(a.) (20 points) Third National Bank is fully loaned up with reserves of $20,000

(a.) (20 points) Third National Bank is fully loaned up with reserves of $20,000 and demand deposits equal to $100,000. The reserve ratio is 20%. Households deposit $5,000 in curr…

(a.) Reserve requirement for banks is set at 5%. Your firm deposits its profits

(a.) Reserve requirement for banks is set at 5%. Your firm deposits its profits of $28,000 into the Third National Bank. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-…

(a.) Reserve requirement for banks is set at 5%. Your firm deposits its profits

(a.) Reserve requirement for banks is set at 5%. Your firm deposits its profits of $28,000 into the Third National Bank. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-…

(a.) Third National Bank is fully loaned up with reserves of $30,000 and demand

(a.) Third National Bank is fully loaned up with reserves of $30,000 and demand deposits equal to $100,000. The reserve ratio is 5%. Households deposit $20,000 in currency into th…

(b) According to the Houthakker and Taylor, the price elasticity of shoes in the

(b) According to the Houthakker and Taylor, the price elasticity of shoes in the United States is 0.7, and the income elasticity is 0.9. i. Would you suggest that the Brown Shoe C…

(b) Apple Ltd., a profit-maximizing company owned by John, is the only apple pro

(b) Apple Ltd., a profit-maximizing company owned by John, is the only apple producer in town. Today, John has 8 apples and the marginal cost of each apple is $10. There is no fix…

(b) Firn LRMC P. AT LRAC A firm using adverising differs from a firm not using a

(b) Firn LRMC P. AT LRAC A firm using adverising differs from a firm not using advenising in that the firm using adverising will give complete and accurate information to consumer…

(b) Telecom Namibia is considering the purchase of a machine at the of cost 100

(b) Telecom Namibia is considering the purchase of a machine at the of cost 100 thousand dollars, and which has a lifespan of only two years, after which it has a zero scrap vale.…