Economics

2. Assume you are hired by the United Nations Development Program as an economis

2. Assume you are hired by the United Nations Development Program as an economist. Your mission is to travel to Malaysia, formerly a major producer and exporter of rubber and coco…

2. At the beginning of the school year, used couches are in high demand among St

2. At the beginning of the school year, used couches are in high demand among State University freshman living on the sixth floor of Beta Dormitory. Fortunately for the freshman, …

2. BLANK: real GDP/price level/both the real GDP and price level 3. BLANK: less

2. BLANK: real GDP/price level/both the real GDP and price level 3. BLANK: less than/greater than 4. BLANK: fall/rise 5. BLANK: aggregate demand/short-run aggregate supply/long-ru…

2. Back in 1950, a town is worried about lead poisoning due to exposure of lead

2. Back in 1950, a town is worried about lead poisoning due to exposure of lead from paint, which is widely used in all buildings. The town council knows that lead exposure is har…

2. Banks manage their assets in a variety of ways. a. Explain the importance of

2. Banks manage their assets in a variety of ways. a. Explain the importance of “liquidity management”? b. What is the concern of the bank in regard to the liquidity of its assets…

2. Barriers to entry guarantee that a firm will always earn positive economic pr

2. Barriers to entry guarantee that a firm will always earn positive economic profit. cannot be maintained in the long run because other firms will always find a way to enter a pr…

2. Based on the following model: Endogenous variables: M,, , P,,\'; The quantity

2. Based on the following model: Endogenous variables: M,, , P,,'; The quantity equation Real GDP from growth model (classical dichotomy) Y-Y Exogenous and constant velocity Exoge…

2. Bell Manufacturing is attempting to choose the better of two mutually exclusi

2. Bell Manufacturing is attempting to choose the better of two mutually exclusive projects for expanding the firm's warehouse capacity. The relevant cash flows for the projects a…

2. Below is a table with total data for a firm in a perfectly competitive indust

2. Below is a table with total data for a firm in a perfectly competitive industry. Quantity Total Cost 0 100 10 220 15 300 20 360 25 450 30 600 35 770 40 960 a. What is the margi…

2. Betsy McGee launched the Thai Ice Cream (TIC) shop in an area where with 35 p

2. Betsy McGee launched the Thai Ice Cream (TIC) shop in an area where with 35 potential customers per square mile. Demand for cones is given by   cones per year = 3.25 - 0.05 (Pr…

2. Bigfoot Corp. manufactures shoes in the small town of Here. It is the only em

2. Bigfoot Corp. manufactures shoes in the small town of Here. It is the only employer in town, and Here is too far from anywhere else for townspeople to work elsewhere. Men and w…

2. Bill gets utility from consuming food (F) and clothing (C) represented by the

2. Bill gets utility from consuming food (F) and clothing (C) represented by the following utility function: U(F,C) = FC + F. The price of food is $1 per unit and the price of clo…

2. Bob, Bill, Ben, and Brad Baxter have just made a documentary movie about thei

2. Bob, Bill, Ben, and Brad Baxter have just made a documentary movie about their basketball team. They are thinking about making the movie available for download on the Internet,…

2. Bond maturity, yield curve, and consumer choice AaAa The Fed\'s open-market o

2. Bond maturity, yield curve, and consumer choice AaAa The Fed's open-market operations can be used to not only influence the money supply, but also alter the composition of the …

2. Breakdown of a cartel agreement Consider a town in which only two residents,

2. Breakdown of a cartel agreement Consider a town in which only two residents, Clancy and Eileen, own wells that produce water safe for drinking. Clancy and Eileen can pump and s…

2. Briefly describe the evolution of the Federal Reserve System from its incepti

2. Briefly describe the evolution of the Federal Reserve System from its inception to the current era. 3. Explain what we would expect to happen to the money supply if the Federal…

2. Burger King (BK) starts hiring workers at $7/hr. Workers at Taco Bell (TB) ar

2. Burger King (BK) starts hiring workers at $7/hr. Workers at Taco Bell (TB) are earning $6/hr, current market wage rate. What is the likely scenario? (Hint: Be careful of shift …

2. C entral bankers work to reduce the volatility of the economic and financial

2.     Central bankers work to reduce the volatility of the economic and financial system by pursuing five specific objectives (other than price stability):   a.     high employme…

2. CTL (Concrete Testing Lab) borrowed $100,000 for new equipment at 12% per yea

2. CTL (Concrete Testing Lab) borrowed $100,000 for new equipment at 12% per year, compounded quarterly. It is to be paid back over three years in equal quarterly payments. a. b. …

2. CTL (Concrete Testing Lab) borrowed $100,000 for new equipment at 12% per yea

2. CTL (Concrete Testing Lab) borrowed $100,000 for new equipment at 12% per year, compounded quarterly. It is to be paid back over three years in equal quarterly payments. How mu…

2. Calculate the Yield-to-Maturity (Annual Percentage Rate-APR) on a proposal to

2. Calculate the Yield-to-Maturity (Annual Percentage Rate-APR) on a proposal to purchase a bond for $1,020 today, which promises to provide interest payments of $60 every quarter…

2. Calculating GDP using national income account data Aa Aa The following table

2. Calculating GDP using national income account data Aa Aa The following table shows data on consumption, investment, exports, imports, and government expenditures for the United…

2. Calculating GDP using national income account data Aa Aa The following table

2. Calculating GDP using national income account data Aa Aa The following table shows data on consumption, investment, exports, imports, and government expenditures for the United…

2. Calculating marginal revenue from a linear demand curve The blue curve on the

2. Calculating marginal revenue from a linear demand curve The blue curve on the following graph represents the demand curve facing a firm that can set its own prices Use the grap…

2. Calculating tax incidence Suppose that the U.S. government decides to charge

2. Calculating tax incidence Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 45,000 bottles of wine were sold every week at a price of $4 …

2. Calculating the price elasticity of demand - A step-by-stepguide Suppose that

2. Calculating the price elasticity of demand - A step-by-stepguide Suppose that during the past year, the price of a laptop computer fell from $2,350 to $1,930. During the same t…

2. Cascade Enterprises has a patent on a water purifying device that is used mos

2. Cascade Enterprises has a patent on a water purifying device that is used mostly by restaurants to soften and purify tap water used in cooking food and cleaning dishes. Cascade…

2. China Product A B C D E F Toys (thousands) 30 24 18 12 6 0 Chemicals (tons) 0

     2. China Product                      A         B         C         D         E         F Toys (thousands)       30        24        18        12        6          0         …

2. Choose a company you work for or are familiar with and complete the following

2. Choose a company you work for or are familiar with and complete the following: o Describe in detail the predictive marketing campaign your selected company has in place. o Anal…

2. Classical economists believed I. there could be temporary periods of unemploy

2. Classical economists believed I. there could be temporary periods of unemployment. II. emphasis should be placed on the long run, and in the long run all would be set right bec…

2. Classify each of the following as debits or credits in the U.S. balance of pa

2. Classify each of the following as debits or credits in the U.S. balance of payments. A. Americans buy chocolate from the Swiss. B. U.S. gives foreign aid to Bosnia. C. British …

2. Collusive outcome vs. Nash equilibrium Aa Aa Consider a remote town in which

2. Collusive outcome vs. Nash equilibrium Aa Aa Consider a remote town in which two restaurants, All-You-Can-Eat Cafe and GoodGrub Diner, operate in a duopoly. Both restaurants di…

2. Comment on or explain: a. Endowing everyone with equal income will make for v

2. Comment on or explain: a. Endowing everyone with equal income will make for very unequal enjoyment and satisfaction. b. Equality is a "superior good"; the richer we become, the…

2. Comment on the following statements: Given the work life cycle of the \"tradi

2. Comment on the following statements: Given the work life cycle of the "traditional" woman, it may be rational for women to invest less in human capital than men Older workers a…

2. Comment on the following statements: a. Given the work life cycle of the \"tr

2. Comment on the following statements: a. Given the work life cycle of the "traditional" woman, it may be rational for women to invest less in human capital than men Older worker…

2. Company E, Canada\'s largest ebook company, wants to increase its total reven

2. Company E, Canada's largest ebook company, wants to increase its total revenue. One strategy is to offer a 15 percent discount on every ebook it sells. Company E knows that its…

2. Company Firm A Firm B Firm C Firm D Firm D Firm F Sales 29.50 36.90 47.20 58.

2. Company Firm A Firm B Firm C Firm D Firm D Firm F Sales 29.50 36.90 47.20 58.10 42.93 12.34 Looking at the data, what type of market structure would you assume for these firms?…

2. Comparing developed and less-developed countries Identify whether each of the

2. Comparing developed and less-developed countries Identify whether each of the following factors is more likely to be a characteristic of a less-developed country (LDC) or an in…

2. Complete the following schedule of data. Q TFC TVC TC AFC AVC ATC MC 7 $100 _

2. Complete the following schedule of data. Q TFC TVC TC AFC AVC ATC MC 7 $100 ______ $150 ______ ______ ______ 8 ______ ______ 156 ______ ______ ______ 9 ______ ______ 163 ______…

2. Compute the price index for each year. Use the first year as the base year. W

2. Compute the price index for each year. Use the first year as the base year. What was the inflation rate between the two years. Item Coffee Tuition Quantity 20 pounds 1 year 100…

2. Concerning the Purpose of the Corporation, recall that Ed Freeman’s stakehold

2. Concerning the Purpose of the Corporation, recall that Ed Freeman’s stakeholder theory accused Milton Friedman’s stockholder theory of neglecting the interests of employees, ve…

2. Consider 2 firms selling fertilizer competing as Cournot duopolists. The inve

2. Consider 2 firms selling fertilizer competing as Cournot duopolists. The inverse demand function facing the fertilizer market is P = 1-Q, where Q = qA + qB. For simplicity, ass…

2. Consider Jack has a property that worths $10,000. With probability 0.05 there

2. Consider Jack has a property that worths $10,000. With probability 0.05 there will be a damage of $6,000 next month (hence afterthe damage the property's value is $4,000); with…

2. Consider Masterpiece Cakeshop Ltd. v. Colorado Civil Rights Commission. a) Ca

2. Consider Masterpiece Cakeshop Ltd. v. Colorado Civil Rights Commission. a) Can General Mills agree with its retailers to not sell "Breakfast of Champions" Wheaties cereal to ho…

2. Consider a bond that promises to pay $100 in one year. a. What is the interes

2. Consider a bond that promises to pay $100 in one year. a. What is the interest rate on the bond if its price today is $75? $85? $95? b. What do your results show to be the rela…

2. Consider a city that has a number of hot dog stands operating throughout the

2. Consider a city that has a number of hot dog stands operating throughout the downtown area. Suppose that each vendor has a marginal cost of $1.50 per hot dog sold and no fixed …

2. Consider a firm that sells output and buys labor in a competitive market. The

2. Consider a firm that sells output and buys labor in a competitive market. The firm’s production function is given by q=K1/2L1/2 where q is the quantity of output, K is the amou…

2. Consider a firm with the following short-run total cost curve: STC(q) = 0.1q2

2. Consider a firm with the following short-run total cost curve: STC(q) = 0.1q2 + 10q + 50. a. Identify SMC, SVC, SFC, SAC and SAVC. b. If the selling price is S20, what is the f…

2. Consider a homogeneous product duopoly in which the (inverse) market demand i

2. Consider a homogeneous product duopoly in which the (inverse) market demand is given by P = 20 – Q, where q1 + q2 = Q, and q1, q2 are the outputs produced by firms 1 and 2 resp…

2. Consider a market for a certain prescription drug where demand is Q2500 50P a

2. Consider a market for a certain prescription drug where demand is Q2500 50P and supply is Qs-150P - 500. a. Calculate the equilibrium price and quantity. b. i, Calculate the ow…