Economics

2. Recall the \"wishful thinking model from Lecture 17. Suppose an investor has

2. Recall the "wishful thinking model from Lecture 17. Suppose an investor has 3 available actions: put everything in the bank (call this the "safe" action), split his investment …

2. Refer to the following figure. The price of capital is $70 per unit 200 1so 1

2. Refer to the following figure. The price of capital is $70 per unit 200 1so 130 Q 1.200 100 Q-800 60 Q-,400 250 Units of labor 0 1 20 375 500 a. What is the price per unit of l…

2. Resolve this ethical dilemma posed by Carl Kaufmann of Du Pont 89; (Carl Kauf

2. Resolve this ethical dilemma posed by Carl Kaufmann of Du Pont 89; (Carl Kaufmann, “A Five-Part Quiz on Corporate Ethics,” Washington Post, July 1, 1979, pp. C-1, C-4.) Assume …

2. Review the following website (http://www.newsweek.com/do-immigrants-drive-dow

2. Review the following website (http://www.newsweek.com/do-immigrants-drive-down-wages-310100 ) for information on the impact of immigration on wages in affected areas of the US.…

2. Robertson Inc. wishes to set aside lump sum money to withdraw from and invest

2. Robertson Inc. wishes to set aside lump sum money to withdraw from and invest in automating parts of its business over the next 5 years. This money is expected to earn compound…

2. Rules versus discretion This question addresses the issue of whether monetary

2. Rules versus discretion This question addresses the issue of whether monetary policy should be made by discretionary policy or be implemented according to a set of rules. Which…

2. S tandard costs are the estimated total costs per unit of output that are est

2. S tandard costs are the estimated total costs per unit of output that are established: A. During actual production or service delivery B. After actual production or service del…

2. Saving and investment in the national income accounts The following table con

2. Saving and investment in the national income accounts The following table contains data for a hypothetical cdlosed economy that uses the dollar as its currency. Suppose GDP in …

2. Saving and investment in the national income accounts The following table con

2. Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in t…

2. Scenario I: Consumers are ready to commit Aa Aa Consider a game with two play

2. Scenario I: Consumers are ready to commit Aa Aa Consider a game with two players: Sony and Microsoft. Each firm can adopt distinct strategies in an attempt to win the latest ep…

2. Second Blank ____. ($12 /$4 /$16 /$8) 3. Third Blank ____. ($160 /$480 /$320

2. Second Blank ____. ($12 /$4 /$16 /$8) 3. Third Blank ____. ($160 /$480 /$320 /$640) GIs This Right?? Please Exp Aplia StudentQuestio x MindTap-Cengage Lea -- Y Economics questi…

2. See page World View article on page 426. What made the prices of Chinese impo

2. See page World View article on page 426. What made the prices of Chinese imported solar panels “unfair”? Answer: Who benefited from the “unfair” price? There are two answers. a…

2. Short-run equilibrium and long-run aggregate supply Aa Aa The following graph

2. Short-run equilibrium and long-run aggregate supply Aa Aa The following graph shows several aggregate demand and aggregate supply curves for an economy whose natural rate of ou…

2. Should I try to get a price higher than $.80 per pound to improve profits? Wh

2. Should I try to get a price higher than $.80 per pound to improve profits? Why or why not? 3. Assume the price is $.80 per pound, should I consider closing down? Why, or why no…

2. Since Summer 2007 when the current great recession started, the Fed has lower

2.         Since Summer 2007 when the current great recession started, the Fed has lowered the discount rate from 6.25 percent to 0.75 percent. During the same period, the Fed als…

2. Smith can produce with or without a filter on his smokestack. Production with

2. Smith can produce with or without a filter on his smokestack. Production without a filter results in greater smoke damage to Jone. The relevant gains and losses are as follows:…

2. Smokey\'s Garage, Inc., provides routine auto diagnostics for customers in th

2. Smokey's Garage, Inc., provides routine auto diagnostics for customers in the Atlanta, Georgia, metropolitan area. Tests are supervised by skilled mechanics using equipment pro…

2. Solow Growth Model & Steady State. Suppose that an economy is in the steady s

2. Solow Growth Model & Steady State. Suppose that an economy is in the steady state. The aggregate production function is Y = zK?N1??, where z = 1 and ? = 1/2. The perworker …

2. Solving for dominant strategies and the Nash equilibrium Suppose Raphael and

2. Solving for dominant strategies and the Nash equilibrium Suppose Raphael and Susan are playing a game in which both must simultaneously choose the action Left or Right. The pay…

2. Solving for dominant strategies and the Nash equilibrium Suppose Raphael and

2. Solving for dominant strategies and the Nash equilibrium Suppose Raphael and Susan are playing a game in which both must simultaneously choose the action Left or Right. The pay…

2. Some Keynesian economists believed that at the cost of some inflation, the go

2. Some Keynesian economists believed that at the cost of some inflation, the government could reduce the unemployment rate to a permanently low rate. T/F 3. The Great Moderation …

2. Straker Industries estimated its short-run costs using a U-shaped average var

2. Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the form AVC= a + bQ + cQ2 and obtained the following results. Total fixed c…

2. Suppose Bernard is the only supplier of both coffee and donuts in Smalltown.

2. Suppose Bernard is the only supplier of both coffee and donuts in Smalltown. The cost of producing the goods is zero. Bernard sells coffee for $3 and donuts for $3. In a typica…

2. Suppose Bob digs up a box in his front yard that contains $1000 . A) Would an

2. Suppose Bob digs up a box in his front yard that contains $1000. A) Would anything happen to the money supply (M1)? Explain B) What would happen to the money supply when Bob de…

2. Suppose Natasha currently makes $50,000.00 per year working as a manager at a

2. Suppose Natasha currently makes $50,000.00 per year working as a manager at a cable TV company. She then develops two possiable entrepreneurial business opportunities. In one, …

2. Suppose TC 500+5q2 for each firm in a perfectly competitive industry a. Deriv

2. Suppose TC 500+5q2 for each firm in a perfectly competitive industry a. Derive MC and ATC b. Derive the typical firm's supply function c. If there are currently 100 firms in th…

2. Suppose TC 5005q2 for each firm in a perfectly competitive industry a. Derive

2. Suppose TC 5005q2 for each firm in a perfectly competitive industry a. Derive MC and ATC b. Derive the typical firm's supply function c. If there are currently 100 firms in the…

2. Suppose a 10% decrease in income of the consumers, has resulted in a 30% incr

2. Suppose a 10% decrease in income of the consumers, has resulted in a 30% increase in the demand for a product (say, product X). Evaluate the Income elasticity of Demand. Is X a…

2. Suppose a bank offers you the following two year, non-cashable GICs (i.e., wi

2. Suppose a bank offers you the following two year, non-cashable GICs (i.e., withdrawals are not allowed). The first one pays a monthly rate of return 0.245%, the second one pays…

2. Suppose a country has the production function Yt = F(Kt,Lt). The depreciation

2. Suppose a country has the production function Yt = F(Kt,Lt). The depreciation rate of capital in this country is d, and the households saving rate is s. Assume that there’s no …

2. Suppose a household\'s preferences were represented by the utility function u

2. Suppose a household's preferences were represented by the utility function u(x,y)- x1/3y2/3 and they faced the following budget constraint: pxx + p,y S M.We discussed constrain…

2. Suppose an industry is characterized by a firm with cost function C,(%)-2y7+1

2. Suppose an industry is characterized by a firm with cost function C,(%)-2y7+100 and a market demand curve D(p) 45-2p (a) If this firm is (naively) behaving as if the market is …

2. Suppose breakfast cereal has just been invented and is sold only by o company

2. Suppose breakfast cereal has just been invented and is sold only by o company, Toast. Suppose: Demand: P=$24 _ (1 /4)Q: Qd =96-4P Toast's total cost function: C-$72 + (1/4Q2. n…

2. Suppose labor earnings for African-American and white workers are given as fo

2. Suppose labor earnings for African-American and white workers are given as follows: NorthSouth African-Americans 30,000 20,000 Whites 50,000 50,000 Suppose half of white worker…

2. Suppose money demand can be described as M/P = 120 – 400i, where i is the nom

2. Suppose money demand can be described as M/P = 120 – 400i, where i is the nominal interest rate. Assume that the expected future exchange rate equals 2 and that the foreign int…

2. Suppose now that the Central Bank follows the interest rate rule discussed in

2. Suppose now that the Central Bank follows the interest rate rule discussed in class. What are the effects of the fiscal shock on short-run output and inflation overtime? Explai…

2. Suppose that a car dealer has a local monopoly in Selling Volvos. It pays the

2. Suppose that a car dealer has a local monopoly in Selling Volvos. It pays the wholesale price w to Volvo for each car that it sells, and charges each consumer the retail price …

2. Suppose that a hypothetical economy has the following relationship between it

2. Suppose that a hypothetical economy has the following relationship between its real output for producing that output: and the input quantities n Input Quantity 150.0 112.5 75.0…

2. Suppose that a monopolist’s product could be either high quality (H) or low q

2. Suppose that a monopolist’s product could be either high quality (H) or low quality (L). There are 10 identical consumers, each of whom values a low-quality product at vL and a…

2. Suppose that actual inflation is 2% which is target inflation rate, output gr

2. Suppose that actual inflation is 2% which is target inflation rate, output growth is 2% which is 1% below potential (Y*), actual federal funds rate is 5%. (5 points) a. Use the…

2. Suppose that actual inflation is 2% which is target inflation rate, output gr

2. Suppose that actual inflation is 2% which is target inflation rate, output growth is 2% which is 1% below potential (Y*), actual federal funds rate is 5%. (5 points) a. Use the…

2. Suppose that in 2013, Global launches an aggressive marketing campaign that b

2. Suppose that in 2013, Global launches an aggressive marketing campaign that boosts sales by 15%. However, their operating margin falls from 5.57% to 4.50%. Suppose that they ha…

2. Suppose that the inverse demand curve for paper is p = 500 – 3Q, the private

2. Suppose that the inverse demand curve for paper is p = 500 – 3Q, the private total cost is Cp = 20Q + Q2 . During the production of paper, pollution is generated and the total …

2. Suppose that the market demand curve for wheat is Qd = 300 - 5P and the marke

2. Suppose that the market demand curve for wheat is Qd = 300 - 5P and the market supply curve is Qs= -150+10P. (i) What is the equilibrium price and equilibrium quantity? (ii) Su…

2. Suppose that the residents of Vegopia spend all of their income on cauliflowe

2. Suppose that the residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2008, they buy 100 heads of cauliflower for $200, 50 bunches of brocco…

2. Suppose that you are asked to conduct a cost-benefit study of a proposed nucl

2. Suppose that you are asked to conduct a cost-benefit study of a proposed nuclear power plant. The plant will be constructed on a major river located 30 miles from New York City…

2. Suppose the Fed reduces the moncy supply by 5 percent.Assume the velocity of

2. Suppose the Fed reduces the moncy supply by 5 percent.Assume the velocity of money is a. What happens to the aggregate demand b. Whar happens to the level of output and the pri…

2. Suppose the demand for a good, Good X, is defined as follows: Assuming that t

2. Suppose the demand for a good, Good X, is defined as follows: Assuming that the consumer has an income of $30,000 to purchase Good X and 2 other goods, Py for $1000 per unit, a…

2. Suppose the demand for a good, Good X, is defined as follows: Assuming that t

2. Suppose the demand for a good, Good X, is defined as follows: Assuming that the consumer has an income of $30,000 to purchase Good X and 2 other goods, Py for $1000 per unit, a…

2. Suppose the following data describe output in two different years: Item Apple

2. Suppose the following data describe output in two different years: Item Apples Exports Bicycles Imports Bicycles Year 2 Year 1 100,000 @ $0.1 each 100 a $100 each 50 @ $50 each…