Economics

2. Consider a market with 100 identical individuals, each with the demand schedu

2. Consider a market with 100 identical individuals, each with the demand schedule for electricity of P = 10 - Q. The electricity utility server operates with a fixed cost 1,200 a…

2. Consider a monopolist facing the demand curve p = 10 Q. The monopolist can ch

2. Consider a monopolist facing the demand curve p = 10 Q. The monopolist can choose either of the following cost functions: c1(q) = 3q or c2(q) = 10 + q. a) Which cost function d…

2. Consider a monopolist facing the demand curve p = 10 Q. The monopolist can ch

2. Consider a monopolist facing the demand curve p = 10 Q. The monopolist can choose either of the following cost functions: c1(q) = 3q or c2(q) = 10 + q. a) Which cost function d…

2. Consider a monopolist that faces the following equations: Market demand for m

2. Consider a monopolist that faces the following equations: Market demand for monopolist’s product: Q = 100 – P TC for monopolist: TC = 20Q + (3/10) Q2 a. Write the demand equati…

2. Consider a perfectly competitive market in the short run. Market de- mand is

2. Consider a perfectly competitive market in the short run. Market de- mand is given by P 10 - Q. Let n be the number of firms in the short run. Find the short run equilibrium pr…

2. Consider a problem where a monopolistic airline chooses between a fully-conne

2. Consider a problem where a monopolistic airline chooses between a fully-connected (FC) network and a hub-and-spoke (HS) network for its operations. There are three cities in th…

2. Consider a small island nation. Assume the economy is following the Solow Gro

2. Consider a small island nation. Assume the economy is following the Solow Growth Model, Let K = $100 Billion dollars and L =100 million persons. The production function is Y -K…

2. Consider an economy that produces only chocolate bars. In year 1, the quantit

2. Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 3 bars and the price is $4. In year 2, the quantity produced is 4 bars and the price …

2. Consider an equation to explain salaries of CEOs (Chief Economic Of- ficer) i

2. Consider an equation to explain salaries of CEOs (Chief Economic Of- ficer) in terms of annual firm sales, return on equity (roe, in percentage form), and return on the firm's …

2. Consider an industry with two firms each selling a homogeneous good and produ

2. Consider an industry with two firms each selling a homogeneous good and producing at MC1 = 10 and MC2 = 40. Industry demand is given by P = 100 – Q. Competition in the market p…

2. Consider an online game that is popular in China. Besides having good skills,

2. Consider an online game that is popular in China. Besides having good skills, players' performance also depends on the value of the virtual weapons they have in the game. There…

2. Consider data resulting from a regression of security returns on to market in

2. Consider data resulting from a regression of security returns on to market index reflecting the market or single index model. Security Alpha Beta A 2.5 1.6 B 3.5 0.8 2.A. Calcu…

2. Consider the United States and the countries it trades with the most (measure

2. Consider the United States and the countries it trades with the most (measured in trade volume): Canada, Mexico, China, and Japan. For simplicity, assume these are the only fou…

2. Consider the case of a simple one-period framework. If i = 12.50%, k = 14.85%

2. Consider the case of a simple one-period framework. If i = 12.50%, k = 14.85%, p = 0.98, and g = 0.85 what is the required risk premium (round to two decimals)? 3. Assume that …

2. Consider the case of two students, 1 and 2, with preferences represented by u

2. Consider the case of two students, 1 and 2, with preferences represented by utility functions U W and U2 - W2, respectively, where W denotes wealth. Shortly after graduation, e…

2. Consider the case where the US has adopted the spectrum property rights schem

2. Consider the case where the US has adopted the spectrum property rights scheme proposed by DeVany (A Property System for Market Allocation of Electromagnetic Spectrum: a legal …

2. Consider the following Solow Growth Model. An economy has the per-worker prod

2. Consider the following Solow Growth Model. An economy has the per-worker production function yt here ye is output per worker in period t and k is capital per worker in period t…

2. Consider the following economy with two agents and two consumption goods, one

2. Consider the following economy with two agents and two consumption goods, one of which is used to produce the other. Let Household h's consumption of the two goods be denoted z…

2. Consider the following entry or exit game. Recall that, if X is a random vari

2. Consider the following entry or exit game. Recall that, if X is a random variable as payouts are here, then the expected value of X is just the sum of the possible outcomes whe…

2. Consider the following payoff matrix in which the numbers indicate the profit

2. Consider the following payoff matrix in which the numbers indicate the profit in millions of dollars for a duopoly based either on a high-price or a low-price strategy. (2 poin…

2. Consider the following payoff matrix in which the numbers indicate the profit

2. Consider the following payoff matrix in which the numbers indicate the profit in millions of dollars for a duopoly based either on a high-price or a low-price strategy. (2 poin…

2. Consider the following production function: (a) (10 points) Solve the cost mi

2. Consider the following production function: (a) (10 points) Solve the cost minimization problem for the firm given the pro- duction function. (b) (5 points) Show that for a-1/2…

2. Consider the following table: Country B 200 80 64 Output per worker, 100 Phys

2. Consider the following table: Country B 200 80 64 Output per worker, 100 Physical capital per worker, k 100 Human capital per worker, h 25 Both countries A and B have per worke…

2. Consider the following three variants, A, B, and C,of the grade game Column C

2. Consider the following three variants, A, B, and C,of the grade game Column Column !Row a 8,8 12,3 6,1210,10 Row a 8,8 5,3 10,10 Column 1 Row a 8,8 5,5 | b 1 312 | 10,10 l ). D…

2. Consider the labor market for accountants. As more people earn accounting deg

2. Consider the labor market for accountants. As more people earn accounting degrees, we should expect to see: A. the labor supply curve increase. B. the labor demand curve increa…

2. Consider the labor market for accountants. As more people earn accounting deg

2. Consider the labor market for accountants. As more people earn accounting degrees, we should expect to see: A. the labor supply curve increase. B. the labor demand curve increa…

2. Consider the labor market illustrated by the figure below. Suppose there is a

2. Consider the labor market illustrated by the figure below. Suppose there is a native supply of labor and a potential supply of immigrant labor. a. Find the market clearing wage…

2. Consider the market for DVD movie rentals, which is perfectly competitive. Th

2. Consider the market for DVD movie rentals, which is perfectly competitive. The market supply curve slopes upward, the market demand curve sloped downward, and the equilibrium r…

2. Consider the market for DVD movie rentals, which is perfectly competitive. Th

2. Consider the market for DVD movie rentals, which is perfectly competitive. The market supply curve slopes upward, the market demand curve sloped downward, and the equilibrium r…

2. Consider the market for DVD movie rentals, which is perfectly competitive. Th

2. Consider the market for DVD movie rentals, which is perfectly competitive. The market supply curve slopes upward, the market demand curve sloped downward, and the equilibrium r…

2. Consider the market for DVD movie rentals, which is perfectly competitive. Th

2. Consider the market for DVD movie rentals, which is perfectly competitive. The market supply curve slopes upward, the market demand curve sloped downward, and the equilibrium r…

2. Consider the market for cigarettes. For each of the following events, indicat

2. Consider the market for cigarettes. For each of the following events, indicate whether supply or demand is impacted. State which variable in supply or demand is changing. Also,…

2. Consider the problem of a manufacturer of sunglasses (firm M) and a retailer

2. Consider the problem of a manufacturer of sunglasses (firm M) and a retailer (firm R). The manufac- turer produces sunglasses at an unit cost of S30, and sells them to the reta…

2. Constructing a Lorenz curve from income shares data The following table shows

2. Constructing a Lorenz curve from income shares data The following table shows the approximate income distribution for Cambodia, Brazil, and Pakistan in 2011. In particular, it …

2. Consumers benefit from advertising: (1 pt., CHOOSE I) L by gaining product in

2. Consumers benefit from advertising: (1 pt., CHOOSE I) L by gaining product information II. by being persuaded to try a new product they might like III. when the ad provides a s…

2. Copy and paste the following data into Excel 4.80 1170 $4.531235 3.98 1337 S3

2. Copy and paste the following data into Excel 4.80 1170 $4.531235 3.98 1337 S3.72 1442 $3.49 1548 a. Run OLS to determine the inverse demand function (P-fQ; how much confidence …

2. Corporate finance, capital markets and investments a Aa Finance professionals

2. Corporate finance, capital markets and investments a Aa Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and inv…

2. Corporations often spend more money on advertising than they do on environmen

2. Corporations often spend more money on advertising than they do on environmental control. Environmentalists believes this fuels a "culture of waste" leading to heavy use of ene…

2. Cost Minimization The production function for a product is given by q - K1/21

2. Cost Minimization The production function for a product is given by q - K1/211/4 where K is capital, L is labor and q is output. a) Find the marginal products of labor and capi…

2. Cynda inherits a house that is divided into two apartments. She will live in

2. Cynda inherits a house that is divided into two apartments. She will live in the west apartment and rent out the east apartment for $700 per month. There are two separate heat …

2. Decide whether an increase in government spending financed by a budget defici

2. Decide whether an increase in government spending financed by a budget deficit (borrowing) would increase (+), decrease (), or have no effect (0) on each of the following econo…

2. Define the real interest rate,r. Why does it differ from the nominal interest

2. Define the real interest rate,r. Why does it differ from the nominal interest rate, i, in the presence of inflation? 3. Why does the actual real interest rate, r, generally dif…

2. Del Boy has discovered a new venture where he reckons that he can make high p

2. Del Boy has discovered a new venture where he reckons that he can make high profits. He has discovered a secret pure mountain spring water source, which he reckons can be bottl…

2. Demand Shifts. Review the determinants of demand and then predict how each of

2. Demand Shifts. Review the determinants of demand and then predict how each of the following events would likely affect the demand for breakfast burritos in Albuquerque. Careful…

2. Demand terminology Complete the following table by selecting the term that ma

2. Demand terminology Complete the following table by selecting the term that matches each definition. Quantity Demand Demand Law of Demanded Curve Schedule Demand Definition A gr…

2. Deriving aggregate demand from the income-expenditure model Aa Aa The blue li

2. Deriving aggregate demand from the income-expenditure model Aa Aa The blue line (with a positive intercept) on the following graph shows an economy's planned aggregate spending…

2. Describe whether the following statements are true or false. Justify your ans

2. Describe whether the following statements are true or false. Justify your answer. (a) Suppose there is a decrease in the price level. Given the stock of nominal money, M, this …

2. Describe whether the following statements are true or false. Justify your ans

2. Describe whether the following statements are true or false. Justify your answer. (a) Suppose there is a decrease in the price level. Given the stock of nominal money, M, this …

2. Determine the labor market classification for each of the following. E.g. emp

2. Determine the labor market classification for each of the following. E.g. employed, cyclically unemployed, out of the labor force, frictionally unemployed, or structurally unem…

2. Determine the likely effects of the following hypothetical news items on outp

2. Determine the likely effects of the following hypothetical news items on output, interest rates, output, stock prices, and bond prices (for each: up/down/unchanged/ambiguous). …