Economics

2. Suppose the price of an apartment (1) in a house depends on number of rooms (

2. Suppose the price of an apartment (1) in a house depends on number of rooms (X) and the size of an apartment (X). Let's assume the price is measured in $1000 and the size is me…

2. Suppose the state is trying to decide how many miles of a very scenic river i

2. Suppose the state is trying to decide how many miles of a very scenic river it should preserve There are 100 people in the community, each of whom has an identical inverse dema…

2. Suppose the tax code includes the followingtax brackets: Taxable income Margi

2. Suppose the tax code includes the followingtax brackets: Taxable income Marginal Tax Rate 0 - $15,000 15% $15,001 - $40,000 20% $40,001 - $60,000 25% Suppose John Green has tot…

2. Suppose the world consists of 15 countries, all of which would benefit from a

2. Suppose the world consists of 15 countries, all of which would benefit from a reduction in global CO2 emissions. There are 5 island countries, which have high marginal benefits…

2. Suppose years of schooling, s, is the only variable that affects earnings. Th

2. Suppose years of schooling, s, is the only variable that affects earnings. The equations for the weekly salaries of male and female workers are given by: Wm = 500 + 100s Wf = 3…

2. Suppose you are interested in learning if there are seasonal patterns in part

2. Suppose you are interested in learning if there are seasonal patterns in party supply sales in OC, that is, you would like to know if sales in a particular season are significa…

2. Suppose you are managing a bookstore. When the price of the latest Dan Brown

2. Suppose you are managing a bookstore. When the price of the latest Dan Brown novel is $20 you can sell 100 copies a month. The estimated elasticity of demand for Dan Brown nove…

2. Suppose you are the only currency holder in an economy, and you have $100 in

2. Suppose you are the only currency holder in an economy, and you have $100 in currency. What would M1 be in the following scenarios? a.You put your $100 under your pillow b. You…

2. Suppose you have a house worth $900,000. There are 25% chance that a burglar

2. Suppose you have a house worth $900,000. There are 25% chance that a burglar will vandalize your house so that your house only worth $640,000 if it gets vandalized. To prevent …

2. Sweetgrass Radiology Labs has a fixed amount of radiology equipment. The labo

2. Sweetgrass Radiology Labs has a fixed amount of radiology equipment. The laboratory can hire any number of radiology technicians per hour to produce radiographs, which are disp…

2. Sweetgrass Radiology Labs has a fixed amount of radiology equipment. The labo

2. Sweetgrass Radiology Labs has a fixed amount of radiology equipment. The laboratory can hire any number of radiology technicians per hour to produce radiographs, which are disp…

2. Taxes paid for a given income level Juanita is getting ready to do her taxes.

2. Taxes paid for a given income level Juanita is getting ready to do her taxes. She is single and lives in Denver. Juanita earned $90,000 in 2011. She reviews the following table…

2. Taxes paid for a given income level Musashi is getting ready to do his taxes.

2. Taxes paid for a given income level Musashi is getting ready to do his taxes. He is single and lives in Chicago. Musashi earned $200,000 in 2011. He reviews the following table…

2. Test the money demand function for Saudi Arabia or any other Gulf country by

2. Test the money demand function for Saudi Arabia or any other Gulf country by estimating the following equation: which states that (the natural log of) real money balance (M/P) …

2. The 2002 World Development Report provides the following information for Colo

2. The 2002 World Development Report provides the following information for Colombia and Thailand: Per Capita GDP ($) Per Capita GDP (PPP $) Population below National Poverty Line…

2. The ABC company is considering purchasing a machine that costs $300,000 and e

2. The ABC company is considering purchasing a machine that costs $300,000 and expected to yield $280,000 per year before taxes. The company had to borrow $80,000 which have to be…

2. The ABC company is considering purchasing a machine that costs $300,000 and e

2. The ABC company is considering purchasing a machine that costs $300,000 and expected to yield $280,000 per year before taxes. The company had to borrow $80,000 which have to be…

2. The Burger Hut has sales of $29 million, total assets of $43 million, and tot

2. The Burger Hut has sales of $29 million, total assets of $43 million, and total debt of $13 million. The profit margin is 11 percent. What is the return on equity? 3. Gladstone…

2. The Citiville Town Council is considering constructing a new waste management

2. The Citiville Town Council is considering constructing a new waste management following data are associated with facility. The with the three top bids that have been received f…

2. The EarthCom Company prices its wireless service differently in the two marke

2. The EarthCom Company prices its wireless service differently in the two market segments it serves even though the cost of adding a new customer is the same in each segment. Mar…

2. The Enlightenment was: (a) Grounded in the idea that God ordained the rules o

2. The Enlightenment was: (a) Grounded in the idea that God ordained the rules of nature, science, and government (b) Grounded in the idea that there was no "divine right to rule,…

2. The Fed plays a number of important roles in the U.S. economy. Among the thin

2. The Fed plays a number of important roles in the U.S. economy. Among the things it does is conduct research on the nation's economy and regulate banks. A. The Fed also acts as …

2. The Market research department at a nursery determines that demand for garden

2. The Market research department at a nursery determines that demand for garden shrubs is given by: Q= 1,000 - 5Ps +0.051 - 50Pt where Ps is the price of shrubs, I is income, and…

2. The Market research department at a nursery determines that demand for garden

2. The Market research department at a nursery determines that demand for garden shrubs is given by: Q= 1,000 - 5Ps +0.051 - 50Pt where Ps is the price of shrubs, I is income, and…

2. The Phillips curve in the short run and long run Suppose that in the year 202

2. The Phillips curve in the short run and long run Suppose that in the year 2020, the price level in the fictional country of Gurder is 100, and the government is considering whe…

2. The Snow City ski resort caters to both out-of-town skiers and local skiers.

2. The Snow City ski resort caters to both out-of-town skiers and local skiers. The demand for ski tickets for each market segment is independent of the other market segment. The …

2. The Varian Company\'s next expected dividend, Di , is $3.18, its growth rate

2. The Varian Company's next expected dividend, Di , is $3.18, its growth rate is 6%; and the stock now sells for $36. New stock can be sold to net the firm $32.40 per share What …

2. The accompanying diagram shows Canadian-owned assets abroad and foreign-owned

2. The accompanying diagram shows Canadian-owned assets abroad and foreign-owned assets in Canada, both as a percentage of Canada's GDP. As you can see from the diagram, both have…

2. The average export price of cotton during December 2017 was 60 cents per poun

2. The average export price of cotton during December 2017 was 60 cents per pound. Suppose the supply of cotton during the fall of 2018 is expected to decrease by 10% while the de…

2. The bicycle industry consists of seven firms. Firms 1, 2, 3, each has 20% of

2. The bicycle industry consists of seven firms. Firms 1, 2, 3, each has 20% of market share, and Firms 4, 5, 6, 7, each has 10% market share. Answer the following questions. 2.a.…

2. The circular flow of income and expenditure The income and expenditure approa

2. The circular flow of income and expenditure The income and expenditure approaches to measuring a nation's GDP can be combined using the circular flow model Categorize each of t…

2. The circular-flow model The following diagram presents a circular-flow model

2. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the in…

2. The circular-flow model The following diagram presents a circular-flow model

2. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the in…

2. The circular-flow model The following diagram presents a oroaan now model of·

2. The circular-flow model The following diagram presents a oroaan now model of·simpie economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner s…

2. The classical dichotomy and the neutrality of money The classical dichotomy i

2. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of …

2. The classical dichotomy and the neutrality of money The classical dichotomy i

2. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of …

2. The consumption function Consider a country with the national income of $12 b

2. The consumption function Consider a country with the national income of $12 billion, the amount of taxes paid by households of $4 billion, and household consumption of $6 billi…

2. The demand curve facing a competitive firm The following graph shows the dail

2. The demand curve facing a competitive firm The following graph shows the daily market for large cardboard boxes in San Diego Supply QUANTITY Mlos are baes Suppose that Falero i…

2. The demand curve facing a competitive firm The following graph shows the dail

2. The demand curve facing a competitive firm The following graph shows the daily market for medium cardboard boxes in Denver 20 Demand 18 Supply 16 14 12 0_ 0 1 2 3 45 6 7 89 10 …

2. The demand curve facing a competitive firm The following graph shows the dail

2. The demand curve facing a competitive firm The following graph shows the daily market for small cardboard boxes in Detroit 10 Demand Supply 0 123 4 5 6 7 89 10 QUANTITY (Millio…

2. The demand for smartphones is given by D(p) 400, where p is the price of a sm

2. The demand for smartphones is given by D(p) 400, where p is the price of a smartphone and p is the price of a tablet (a substitute for smartphones). The supply is given by S(p …

2. The demand function for Einstein Bagels has been estimated as follows: Qx = -

2. The demand function for Einstein Bagels has been estimated as follows: Qx = -15.87 %u2013 40.73Px + 84.17Py + 0.55Ax where Qx represents thousands of bagels; Px is the price pe…

2. The demand function for Fritz Reinhart premium energy drinks has been estimat

2. The demand function for Fritz Reinhart premium energy drinks has been estimated as x 37,986.5- 4,476.9P 2,994.2P, 668.2A 849.7Ay where Qx is the demand for the Reinhart drink (…

2. The demand function for a firm’s product is Q = P!3 . The firm’s marginal cos

2. The demand function for a firm’s product is Q = P!3 . The firm’s marginal cost of production is constant at MC(Q) = 12. (a) Calculate the elasticity of demand, as a function of…

2. The determinants of productivity Consider a simple economy whose only industr

2. The determinants of productivity Consider a simple economy whose only industry is printing. In this industry, productivity-the amount of goods and services a worker can produce…

2. The economic staff of the U.S. Department of the Treasury has been asked to r

2. The economic staff of the U.S. Department of the Treasury has been asked to recommend a new tax policy concerning the treatment of the foreign earnings of U.S. firms. Currently…

2. The economics of risk aversion Aa Aa Zach is a martial arts expert who chose

2. The economics of risk aversion Aa Aa Zach is a martial arts expert who chose a career as a stunt double in action movies. If he remains healthy and is able to work in enough mo…

2. The economy of Delphinia is characterized by the following: Indicator Private

2. The economy of Delphinia is characterized by the following: Indicator Private consumption spending Government spending Tax revenue Transfers Size $400 billion $176 billion $206…

2. The exercises from class the class on June 26, Thu: Are the following BNE of

2. The exercises from class the class on June 26, Thu: Are the following BNE of the Gunfight game? a. All players wait regardless of their type. b. Only a slow player draws. As a …

2. The expected value of Illegal parking Aa Aa H Sam has difficulty finding park

2. The expected value of Illegal parking Aa Aa H Sam has difficulty finding parking in his neighborhood and, thus, is considering the gamble of illegally parking on the sidewalk b…