Economics

2. The expected value of illegal parking Aa Aa Tim has difficulty finding parkin

2. The expected value of illegal parking Aa Aa Tim has difficulty finding parking in his neighborhood and, thus, is considering the gamble of illegally parking on the sidewalk bec…

2. The figure below illustrates a series of short-run cost curves numbered ACi t

2. The figure below illustrates a series of short-run cost curves numbered ACi through AC4, which correspond to the only four different plant sizes possible. 2000 1600 1200 800 40…

2. The following consists of 2 Related questions, 2A and 2B. Please answer both

2. The following consists of 2 Related questions, 2A and 2B. Please answer both 2A and 2B 2A: On January 22, 2015, the European Central Bank (ECB) put out the following Press Rele…

2. The following data represent the economy of Mayberry: C=100+0.5Yd, T=2000, G=

2. The following data represent the economy of Mayberry: C=100+0.5Yd, T=2000, G=2000, I=200 (a) Calculate the equilibrium level of output. Graph your solution. (b) If the governme…

2. The following demand and supply (MC) diagram represents the market for routin

2. The following demand and supply (MC) diagram represents the market for routine outpatient appointments with a primary care physician. Di shows the annual demand for a typical p…

2. The following diagram depicts the production function of the farmers, where d

2. The following diagram depicts the production function of the farmers, where diminishing average product of labor is assumed. At A the average product of labor is 500,000/800 62…

2. The following equation represents the daily market demand for crude oil. Q =

2. The following equation represents the daily market demand for crude oil. Q = 10, 000,000 - 500,000 P Suppose there are four oil producers in the crude oil market, A, B , C and …

2. The following equation represents the daily market demand for crude oil. Q =

2. The following equation represents the daily market demand for crude oil. Q = 10, 000,000 - 500,000 P Suppose there are four oil producers in the crude oil market, A, B , C and …

2. The following is a full-blown demand equation for Pizza. This problem is loos

2. The following is a full-blown demand equation for Pizza. This problem is loosely based on problem #6 of Joy’s Frozen Yogurt of chapter 3. QD = - 200P + 1.5Phd - 5Psd + 20A + 15…

2. The following linear demand specification is estimated for Conlan Enterprises

2. The following linear demand specification is estimated for Conlan Enterprises, a price-setting firm wbere Q is the quantity demanded of the product Conlan Enterprises sells, P …

2. The following question is inspired by the Baker and Bernstein reading. Use th

2. The following question is inspired by the Baker and Bernstein reading. Use the accompanying dataset to answer it. The data come from the Federal Reserve Economic Database. a) C…

2. The following statements are either true or false. State which, and justify y

2. The following statements are either true or false. State which, and justify your choice in no more than one page, double-spaced for each. a) Consider a 4 person economy, and as…

2. The functions of money Consider the following scenario: Kim has saved $30 per

2. The functions of money Consider the following scenario: Kim has saved $30 per week to buy a new DVD player. She compares two different models: a Panaview that is price Aa Aa at…

2. The government of Legoland is thinking of building a (Lego) bridge to Furbyvi

2. The government of Legoland is thinking of building a (Lego) bridge to Furbyville. a)Suppose that the bridge costs $2,000 to build in year zero, and they expect to get $3,000 in…

2. The graph below represents the average total cost and marginal cost curves (A

2. The graph below represents the average total cost and marginal cost curves (ATC &MC;), and the marginal revenue and demand curves(MR & D), for a monopoly. First, fill i…

2. The kinds of money Aa Aa Personal possession of currency is prohibited in U.S

2. The kinds of money Aa Aa Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners still exchange goods and services. Until 2003, the year…

2. The labor force and the unemployment rate Consider the following dialog betwe

2. The labor force and the unemployment rate Consider the following dialog between Rina, an economics student who currently studies macroeconomics, and Yvette, her teaching assist…

2. The marginal benefits of activities A and B are represented as follows: MB A

2. The marginal benefits of activities A and B are represented as follows:             MBA = z = 10 - x and MBB = z = 21 - 2y Where z is marginal benefit per dollar, x is the amou…

2. The market for capital The following graph shows the supply of and demand for

2. The market for capital The following graph shows the supply of and demand for capital in a market over the last year. You can see that the demand for capital has increased over…

2. The market for lemons Consider a market in which there are many potential buy

2. The market for lemons Consider a market in which there are many potential buyers and sellers of used cars. Each potential seller has one car, which is either of high quality (a…

2. The market for lemons Consider a market in which there are many potential buy

2. The market for lemons Consider a market in which there are many potential buyers and sellers of used cars. Each potential seller has one car, which is either of high quality (a…

2. The multiplier effect of a change in government purchases Consider a hypothet

2. The multiplier effect of a change in government purchases Consider a hypothetical closed economy in which households spend $0.75 of each additional dollar they earn and save th…

2. The only two countries in the world, Alpha and Omega, face the following prod

2. The only two countries in the world, Alpha and Omega, face the following production Alpha's Production Possibilities Frontier Omeza's Production Possiblitics Frontler 275 250 2…

2. The population of Tattoonia is very small. Luis works for pay, full time. Rob

2. The population of Tattoonia is very small. Luis works for pay, full time. Robin works one shift a week as counter help at a fast food restaurant. Sheila is retired. Shawna does…

2. The primary source of estimates of the value of statistical life are from stu

2. The primary source of estimates of the value of statistical life are from studies that trade off wages with mortality risk. Greenstone, Ryan and Yankovich (2012 study how bonus…

2. The purchase price of Manhattan Island, where much of the city of New York is

2. The purchase price of Manhattan Island, where much of the city of New York is concentrated, in the year 1626 was $24. After 391 years in 2017, you wonder what the value of the …

2. The sale department of Company A has found that selling price per uni has the

2. The sale department of Company A has found that selling price per uni has the following relationship with number of units sold per year: P $55.00 0.05Q where P-selling price pe…

2. The supply curve for orchard workers in the Annapolis Valley is given by Tota

2. The supply curve for orchard workers in the Annapolis Valley is given by Total Workers- 10 w where w is the wage (S/day). One hundred(100) orchards in the area rely upon hired …

2. The supply of Canadian dollars to the foreign exchange market will increase i

2.   The supply of Canadian dollars to the foreign exchange market will increase if: A.  tourism to Canada increases B.  imports into Canada increase C.  foreign demand for Canadi…

2. The supply of saving Suppose that Susan receives a pay raise of $1,050 per ye

2. The supply of saving Suppose that Susan receives a pay raise of $1,050 per year. She can either use the extra money to consume goods and services, or she can save it by deposit…

2. The table above gives the supply and demand schedules for scooterns. Quantity

2. The table above gives the supply and demand schedules for scooterns. Quantity demanded Quantity supplied (scooters per week) (scooters Price scooter) 70 80 90 100 110 120 110 1…

2. The table below shows how total donations, average donations, total labor cos

2. The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees GW hires for its fundraising a…

2. The table below shows the total cost and total revenue figures for Pizzaiolo,

2. The table below shows the total cost and total revenue figures for Pizzaiolo, a perfectly- e tirm producing pizza. Use this information to answer the following questions Assume…

2. The table below shows the total production of a firm as the quantity of labor

2. The table below shows the total production of a firm as the quantity of labor employed increases. The quantities of all other resources employed are constant. Compute the margi…

2. The theory of liquidity preference and the downward-slopingaggregate demand c

2. The theory of liquidity preference and the downward-slopingaggregate demand curve The following graph shows the money market in a hypothetical economy. The central bank in this…

2. The three primary forms of business are sole proprietorships, partnerships, a

2. The three primary forms of business are sole proprietorships, partnerships, and corporations. You are contemplating starting a business. For each of the following proposals, ex…

2. The tradeoff faced by a central bank Aa Aa Policymakers and economists use sp

2. The tradeoff faced by a central bank Aa Aa Policymakers and economists use specific terms to describe central bank decisions. They say that monetary policy is accommodative, or…

2. The unemployment system in the United States operates through state governmen

2.         The unemployment system in the United States operates through state governments and allows laid off workers who were ‘permanently’ attached to the labor force to collec…

2. The value of an apartment to prospective tenants depends upon the level of ma

2. The value of an apartment to prospective tenants depends upon the level of maintenance: V-600+400VM), where V is the maximum monthly rental an individual would pay for an apart…

2. The velocity equation Aa Aa Consider a simple economy that produces only latk

2. The velocity equation Aa Aa Consider a simple economy that produces only latkes. The following table contains information on the economy's output, money supply, velocity of mon…

2. The wage distributions for three occupations in the Pennsylvania food service

2. The wage distributions for three occupations in the Pennsylvania food services industry are provided below. Percentile 10% 25% 50%(Median) 75% 90% Chefs and Head Cooks Hourly W…

2. The war in Iraq comes to an end. Iran and Afghanistan lay pipes to generate m

2. The war in Iraq comes to an end. Iran and Afghanistan lay pipes to generate more oil. The United States and Venezuela enter into an era of friendship. Which of the following co…

2. There are 72,922 seats in Lambeau field where the green bay packers play foot

2. There are 72,922 seats in Lambeau field where the green bay packers play football. The Packers have sold out their season tickets since 1960. There are about 80,000 people on t…

2. There are a number of statistics computed to measure the price level, such as

2. There are a number of statistics computed to measure the price level, such as the GDP deflator and the CPI. The choice of the measures to use depends in many cases on the speci…

2. There are a number of statistics computed to measure the price level, such as

2. There are a number of statistics computed to measure the price level, such as the GDP deflator and the CPI. The choice of the measures to use depends in many cases on the speci…

2. There are three alternatives available to meet the demand of a particular pro

2. There are three alternatives available to meet the demand of a particular product. They are as follows: (a) Manufacturing the product by using process A (b) Manufacturing the p…

2. To maximize profits, this firm will produce at what output level (one letter)

     2. To maximize profits, this firm will produce at what output level (one letter)?     3. Explain why this MR=MC position is the profit-maximizing position for any firm.      …

2. To protect U.S. jobs in the agricultural equipment industry, Congress could i

2. To protect U.S. jobs in the agricultural equipment industry, Congress could impose a specific tariff or persuade foreign producers of agricultural equipment to agree to a volun…

2. Tom Associates is building a new office complex. To pay for the construction

2. Tom Associates is building a new office complex. To pay for the construction Tom Associates is selling a security that will pay the investor the lump sum of $6750 in five years…

2. Two firms, say Kmart and Target, have to make a pricing following pricing mat

2. Two firms, say Kmart and Target, have to make a pricing following pricing matrix: Price farget Pric S600 $400 Kma S600 KS10K K S5K rt TS10k TS15k $400 KS15K K$7.5K TS5K TS7.5k …