Economics

2. Who was the economist who laid the foundations for classical economics? a. Jo

2. Who was the economist who laid the foundations for classical economics? a. John Locke b. David Ricardo c. John Maynard Keynes 3. Classical economists believed I. there could be…

2. Why can the distinction between fixed costs and variable costs be made in the

2. Why can the distinction between fixed costs and variable costs be made in the short run? Classify the following as fixed or variable costs: advertising expenditures, fuel, inte…

2. Why is the retail market for PCs more competitive than a monopoly? In the art

2. Why is the retail market for PCs more competitive than a monopoly? In the article, several people in this industry complain about thinner profit margins. Can the retail market …

2. Winners and losers from free trade Canasder the martet te meers n he my nmy e

2. Winners and losers from free trade Canasder the martet te meers n he my nmy ececrtoen n international trade, the domestic price of meekers is $25. Suppose that the world price …

2. Winners and losers from free trade Consider the market for meekers in the ima

2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers …

2. Winners and losers from free trade Consider the market for meekers in the ima

2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of a meeker…

2. Winners and losers from free trade ertown. In the absence of international tr

2. Winners and losers from free trade ertown. In the absence of international trade, the domestic price of meekers is Consider the market for meekers in the imaginary economy of M…

2. Working with Numbers and Graphs Q2 The following graphs show the aggregate de

2. Working with Numbers and Graphs Q2 The following graphs show the aggregate demand curve and the short-run aggregate supply curve for an economy. Adjust the following graph to s…

2. You are given the following information about the costs of production for a f

2. You are given the following information about the costs of production for a firm. Quantity FC VC TC AFC AVC ATC MC 0 90 0 ------ ------ ------ ------ 1 130 2 35 3 20 4 60 5 240…

2. You are given the following information. The current dollar-pound exchange ra

2. You are given the following information. The current dollar-pound exchange rate is $2 per pound. A U.S. basket that costs $100 would cost $120 in the United Kingdom. For the ne…

2. You are given the following regression results estimating the demand for widg

2. You are given the following regression results estimating the demand for widgets based on time series data for the past 40 months. Qt = 2.5 %u2013 0.3 x Pt + 12 x Mt Where Qt r…

2. You are hired by a prefabricated buildings manufacturer and your first job is

2. You are hired by a prefabricated buildings manufacturer and your first job is to calculate the cost of 100 prefabricated structures. Each structure has 1,000 square feet of flo…

2. You are looking at three different job options, one in Pennsylvania, one in T

2.  You are looking at three different job options, one in Pennsylvania, one in Texas, and one in New York. The offers are as follows: Salary State tax rate Pennsylvania $62,000 3…

2. You are looking for a new apartment in not spend more than 25 percent of your

2. You are looking for a new apartment in not spend more than 25 percent of your income on rent. You have come across apartments on Kijiji. You are indifferent about location, and…

2. You compete against three major rivals in a market where the products are onl

2. You compete against three major rivals in a market where the products are only slightly differentiated. The “Big Four" have historically controlled about 80% of the market, wit…

2. You have worked as a real estate agent for 10 years and are earning about $10

2. You have worked as a real estate agent for 10 years and are earning about $100,000 per year with your current agency. You prepared the following information to use in evaluatin…

2. You own a company that writes financial literacy applications (apps) for cell

2.         You own a company that writes financial literacy applications (apps) for cellular phones. The fixed costs of operating your company are $12,000 per week and the variabl…

2. You own a company that writes financial literacy applications (apps) the vari

2. You own a company that writes financial literacy applications (apps) the variable costs are as follows: Number of Apps Written for cellalar costs of operating your company are …

2. You own the mineral rights to develop oil fields in South Texas. You still ne

2. You own the mineral rights to develop oil fields in South Texas. You still need to prove the opportunity and develop infrastructure to market the production. So. production wil…

2. You pay a marginal rate of 3% on the first $10,000 of income and a marginal r

2. You pay a marginal rate of 3% on the first $10,000 of income and a marginal rate of 5% on the second $10,000 of income. You make $18,000 a year, how much is your income tax? 3.…

2. You want to create a portfolio equally risky as the market, and you have $1,0

2. You want to create a portfolio equally risky as the market, and you have $1,000,000 to invest. Stock A has an expected return 10%. Stock B has an expected return 12%. Other inf…

2. Your firm sells a perfume. The daily demands for your perfume are different b

2. Your firm sells a perfume. The daily demands for your perfume are different between men and women, groups that are identifiable to you. Their daily demands are as follows. Men:…

2. Your sister just invented a process that can turn ordinary dirt into bread. H

2. Your sister just invented a process that can turn ordinary dirt into bread. Her invention can potentially eliminate world hunger, and it was immediately recognized with a paten…

2. Your sister just invented a process that can turn ordinary dirt into bread. H

2. Your sister just invented a process that can turn ordinary dirt into bread. Her invention can potentially climinate world hunger, and it was immediately recognized with a paten…

2. [25] Most textbooks derive breakeven in terms of only linear functions of Tot

2. [25] Most textbooks derive breakeven in terms of only linear functions of Total Cost and Total Revenue. In this case Total Cost is Fixed Cost plus Variable Cost per Unit times …

2. [40 Points] Consider to economies that have the same quantities of labor (L 4

2. [40 Points] Consider to economies that have the same quantities of labor (L 400) and capital (K 400), and the same technology (A 100). The economies of the countries are descri…

2. [Case Study from India\'s Trade Liberalization (30 points)] Please answer the

2. [Case Study from India's Trade Liberalization (30 points)] Please answer the following questions based on the article, Petia Topalova (2010) "Factor Immobility and Regional Imp…

2. \"Name\" and describe the effects on Price (P) and Quantity (Q) of \"two\" ma

2. "Name" and describe the effects on Price (P) and Quantity (Q) of "two" market shifters (or determinants) for each of the 4 panels (a, b, c and d) below. Panel (a) An increase i…

2. a) Explain using a suitable diagram how the exchange rate is detennined under

2. a) Explain using a suitable diagram how the exchange rate is detennined under a flexible exchange rale system. What factors detennine the demand for foreign exchange and what f…

2. a) There are basically three ways governments can finance their spending: tax

2. a) There are basically three ways governments can finance their spending: taxes, selling bonds, or printing money. Rank these three options in terms of how inflationary they sh…

2. a. Complete the table below by stating whether the direction of discretionary

2. a. Complete the table below by stating whether the direction of discretionary fiscal policy was contractionary (C), expansionary (E), or neither (N), given the hypothetical bud…

2. a. \"The firm\'s demand schedule for labour is a negative function of the wag

2. a. "The firm's demand schedule for labour is a negative function of the wage because, as the firm uses more labour, it has to utilize poorer-quality labour, and hence pays a lo…

2. compare to other sources of foreign savings for a developing country, FDI has

2. compare to other sources of foreign savings for a developing country, FDI has the advantage of a. being more quickly adjustable and easily responsive to changing economic situa…

2. contractionary or expansionary 3. tax increase or tax cut 4. inflation, polit

2. contractionary or expansionary 3. tax increase or tax cut 4. inflation, political influence or lags 5.leave the economy unchanged, fall short of potential GDP, push the economy…

2. i) A new movie is being released that you are excited to see. The personal va

2. i) A new movie is being released that you are excited to see. The personal value you receive from seeing the movie is $20. You purchase an advanced ticket for $10. If you lose …

2. shown below are for projects to be considered to ed road intersection in Shar

2. shown below are for projects to be considered to ed road intersection in Sharjah. Using a B/C analysis, at per year and a 10 year study period. You are required prove the traff…

2. value 10.00 points a. How does a market economy solve the what to produce pro

2. value 10.00 points a. How does a market economy solve the what to produce problem? Consumers decide what to produce according to what they need. OBusinesses decide what to prod…

2. value: 10.00 points Consider a mutual fund with $206 million in assets at the

2. value: 10.00 points Consider a mutual fund with $206 million in assets at the start of the year and with 20 million shares outstanding. The fund invests in a portfolio of stock…

2. which of the following would increase the total amount of trade in the world?

2. which of the following would increase the total amount of trade in the world? a. trade diversion b.trade deflection c.rules of origin d.trade retention 3. when the value of exp…

2. “The 2013 budget … included job-creation initiatives for infrastructure, job-

2. “The 2013 budget … included job-creation initiatives for infrastructure, job-training and innovation”. To offset the cost, it “called for raising $1.5 trillion over 10 years fr…

2.(10 points) The current crisis in Venezuela is the worst economic crisis in th

2.(10 points) The current crisis in Venezuela is the worst economic crisis in the nation's history. During the year 2016, consumer prices rose by 800% and the economy contracted b…

2.(8 points) Marriage penalty. Suppose the tax tables are basically Single or Un

2.(8 points) Marriage penalty. Suppose the tax tables are basically Single or Unmarried head of household If vour income is between Your tax is 0 and 60,000 60,000 and infinity 0 …

2.) (30 points) Consider a beekeeper that is deciding how much honey to produce.

2.) (30 points) Consider a beekeeper that is deciding how much honey to produce. The beekeeper gains a benefit from producing honey, represented by the marginal benefit function a…

2.) 1The next three questions describe a scenario in which demand or supply curv

2.) 1The next three questions describe a scenario in which demand or supply curves may be affected. As used here, “scenario” means “event”. The following three questions relate to…

2.) In 2010 the drilling rig Deepwater Horizon experienced a mechanical failure

2.) In 2010 the drilling rig Deepwater Horizon experienced a mechanical failure that caused 49 million barrels o into the Gulf of Mexico. After the oil spill, it took 3 months for…

2.) In a simple economy (assume there are no taxes; thus, Y is disposable income

2.) In a simple economy (assume there are no taxes; thus, Y is disposable income), the consumption is C=50+0.80 Y. The current level of real GDP is $3000. At this level of real GD…

2.) The city of Bugnussle is considering exceeding the runways of its municipal

2.) The city of Bugnussle is considering exceeding the runways of its municipal Airport so that commercial jets can use the facility. The land necessary for the runway extension i…

2.)Assume that the consumer depicted in the figure has an income of $20. The pri

2.)Assume that the consumer depicted in the figure has an income of $20. The price of Skittles is $2 and the price of M&M's is $2. The consumer’s optimal choice is point A. B.…

2.- You are a monopolist with 15 potential buyers for the two video games you se

2.- You are a monopolist with 15 potential buyers for the two video games you sell, VG1 and VG2. You can produce these games at no cost. (You simply make copies.) There are 3 diff…

2.. Navigate to the threaded discussion below page and respond to the following:

2.. Navigate to the threaded discussion below page and respond to the following: Before beginning the assignment, read Chapter 14, “The Aggregate Model of the Macro Economy” in th…