Economics

2.00000 points Save Answ A company owns a milling machine that it is considering

2.00000 points Save Answ A company owns a milling machine that it is considering replacing. Its current market value is $25,000, but it can be productively used for four more year…

2.1 Adam Smith is often called the father of economics. His famous book, The Wea

2.1     Adam Smith is often called the father of economics. His famous book, The Wealth of Nations, talks about an “invisible hand” which automatically allocates goods to the pers…

2.1 My wife dragged me to a party, where I did not know many people. I was intro

2.1 My wife dragged me to a party, where I did not know many people. I was introduced to a small group gathered by the refreshments, and somebody asked what I did for a living. I …

2.1.1-1.-1.1. 1.2-1., 3-1\'4-1.56: 1 2,ModifyingAbove and below Start 2 By 2 Mat

2.1.1-1.-1.1. 1.2-1., 3-1'4-1.56: 1 2,ModifyingAbove and below Start 2 By 2 Matrix 1st Row 1st Column Bold tem 2nd Column Bold Billions of dollars 2nd Row 1st Column Start 6 By 1 …

2.19 Billy Bob wants to gain some weight so that he can play football. Billy eat

2.19 Billy Bob wants to gain some weight so that he can play football. Billy eats only milkshakes and spinach. Milkshakes cost him $1 each and spinach costs $2 per serving. A milk…

2.2 A manufacturer has been ordered by the City of Jersey City to stop dischargi

2.2 A manufacturer has been ordered by the City of Jersey City to stop discharging waste liquids into the city sewer system. You are the engineer responsible to make a decision to…

2.2 Allamuchy Township needs more water from Ahote Creek. The town engineer has

2.2 Allamuchy Township needs more water from Ahote Creek. The town engineer has selected two plans for comparison: a gravity plan (divert water at a point 10 miles up Ahote Creek …

2.2 The inverse demand function of a group of consumers for a given type of widg

2.2 The inverse demand function of a group of consumers for a given type of widgets is given by the following expression: =-10q+2000[S] where q is the demand and is the unit price…

2.2 WHAT ARE THE CONSEQUENCES? Economics is a method of considering decisions, a

2.2 WHAT ARE THE CONSEQUENCES? Economics is a method of considering decisions, actions and their consequences. For example, some people assert that war is good for business and th…

2.21 Some have dubbed the World Wide Web the \"World Wide Wait\" due to the dela

2.21 Some have dubbed the World Wide Web the "World Wide Wait" due to the delays that may be encountered in searching for information on the Internet. Explain why the delay may be…

2.27 The Chuzzlewits have an income of $m per week. Let x be food and let y be a

2.27 The Chuzzlewits have an income of $m per week. Let x be food and let y be all other goods. Let px be the price of food and py be the price of other goods. They can use food s…

2.3 For this problem, assume that Kendrick has $144 to spend on cigars and brand

2.3 For this problem, assume that Kendrick has $144 to spend on cigars and brandy each month and that goods must be purchased whole (no fractional units). Cigars cost $6 each, and…

2.3 In each of the following situations, moral hazard or adverse selection may b

2.3     In each of the following situations, moral hazard or adverse selection may be present. Indicate which you think is present, if any, and explain your choice. a. An insuranc…

2.3. DeMAND ELASTICITY. Based on the values in Table 2.1, provide an estimate of

2.3. DeMAND ELASTICITY. Based on the values in Table 2.1, provide an estimate of the impact on sales revenues of a 10% increase in each product's price. TABLE 2.1 Price elasticity…

2.4 Suppose that a local radio station has decided to give away 100 tickets to t

2.4 Suppose that a local radio station has decided to give away 100 tickets to the LMFAO [[Editorial note: this will likely have to be updated before going to press]] performance …

2.41 In the economy of Mungo, discussed in your workbook, there is a third perso

2.41 In the economy of Mungo, discussed in your workbook, there is a third person called Ike. Ike has a red income of 40 and a blue income of 10. (Recall that blue prices are 1 bc…

2.42 points ratio is 25 percent Suppose the simplied consoldated balance sheet s

2.42 points ratio is 25 percent Suppose the simplied consoldated balance sheet shown below is Of e entre com ercial banking system and that all fgures are n bilions of dollars. Th…

2.5 US national health expenditure was $7,026 per person in 2006 and $4,790 in 2

2.5     US national health expenditure was $7,026 per person in 2006 and $4,790 in 2000. The Consumer Price Index had a value of 201.6 in 2006 and a value of 172.2 in 2000. Adjust…

2.5 pts Question 39 Informational asymmetry is a difference in efficiency equali

2.5 pts Question 39 Informational asymmetry is a difference in efficiency equality relevant knowledge. O signaling. DI Question 40 2.5 pts A college professor hires a student to b…

2.5. CArs. Table 2.2 gives the \"own\" and cross-price elasticities for selected

2.5. CArs. Table 2.2 gives the "own" and cross-price elasticities for selected auto- mobile models.8 Specifically, each cell corresponds to the demand elasticity of the car model …

2.7 Construct a production possibilities curve (PPC) for a nation facing increas

2.7 Construct a production possibilities curve (PPC) for a nation facing increasing opportunity costs for producing food and video games. Show how the PPC changes given the follow…

2.7 Construct a production possibilities curve (PPC) for a nation facing increas

2.7 Construct a production possibilities curve (PPC) for a nation facing increasing opportunity costs for producing food and video games. Show how the PPC changes given the follow…

2.8 The Market Effect of a Carbon Tax. Consider the market for gasoline. In the

2.8 The Market Effect of a Carbon Tax. Consider the market for gasoline. In the initial equilibrium, the price is $2.00 per gallon and the quantity is 100 million gallons. The pri…

2.8 Vitamin Market Areas. Beta and Gamma produce vitamin A at a constant average

2.8 Vitamin Market Areas. Beta and Gamma produce vitamin A at a constant average cost of $5 per unit, Assume that low-price guarantees are illegal. Here are the possible outcomes:…

2.According to Rosenberg and Birdzell: • “The system that generated Western econ

2.According to Rosenberg and Birdzell: • “The system that generated Western economic growth evolved before it was recognized as a system or advocated as an ideology.” (p. xi) • “T…

2.According to Rosenberg and Birdzell: • “The system that generated Western econ

2.According to Rosenberg and Birdzell: • “The system that generated Western economic growth evolved before it was recognized as a system or advocated as an ideology.” (p. xi) • “T…

2.Alice is very skilled at fixing computers. Would you expect her high productiv

2.Alice is very skilled at fixing computers. Would you expect her high productivity to result in a high real wage for her? Why or why not? 3.What are the two major factors contrib…

2.Consider the Tragedy of the Commons game with two shepherds, A and B. Let s A

2.Consider the Tragedy of the Commons game with two shepherds, A and B. LetsA and sB denote the number of sheep each shepherd grazes on the common pasture. Assume the benefit per …

2.Empirical studies have found that countries with low labor standards generally

2.Empirical studies have found that countries with low labor standards generally attract less foreign investment due to the fact that Select one: a. low labor standards are highly…

2.Explain how a change in the following factors would alter the shape of the tot

2.Explain how a change in the following factors would alter the shape of the total product curve for medical care. Would it shift up or down? Would it get steeper or flatter? a. (…

2.Suppose the price of IBM computers falls from $2500 to 2000 and the quantity d

2.Suppose the price of IBM computers falls from $2500 to 2000 and the quantity demanded increases from 10,000 to 20,000. Calculate the price elasticity of demand. a.1 b. -3 c. 0 d…

2.The minimum possible average variable cost of production for a video rental st

2.The minimum possible average variable cost of production for a video rental store is $1 per tape rental. If the equilibrium price of tape rentals falls to $1, a. the firm will e…

2.The relationship between output and the quantity of labor employed for one fir

2.The relationship between output and the quantity of labor employed for one firm is shown below (given an amount of the fixed inputs and a production technology). No. of Workers …

2.True or False: The sit-down strike helped the CIO to obtain union membership i

2.True or False: The sit-down strike helped the CIO to obtain union membership in the 1930s, and it was soon approved by the Supreme Court. 3.True or False: The merger of the AFL …

2.a) Define the terms potential output, expansionary gap, and recessionary gap.

2.a) Define the terms potential output, expansionary gap, and recessionary gap. Hints: See the section of our course text called The Natural Rate of Unemployment in Chapter 7 and …

2.a) Given the following income statement, calculate the values for Buildings (C

2.a) Given the following income statement, calculate the values for Buildings (CCA Class 1) and Office Equipment (CCA Class 8) that would be listed on the Balance Sheet as assets …

2.a) The following table was adapted from the 2007 Economic Report of the Presid

2.a) The following table was adapted from the 2007 Economic Report of the President. Please use data from the table to answer the following questions. Year Interest Rate on 10-yea…

2.a. Give two examples of externalities connected with consumption and saving th

2.a. Give two examples of externalities connected with consumption and saving that can be used in arguing for policies aimed at increasing U.S. personal saving. Explain why they c…

2.a. Give two examples of externalities connected with consumption and saving th

2.a. Give two examples of externalities connected with consumption and saving that can be used in arguing for policies aimed at increasing U.S. personal saving. Explain why they c…

2.according to milton friedman, aany divergence in unemployment from its natural

2.according to milton friedman, aany divergence in unemployment from its natural rate is temporary because... a.anticipated price changes affect nominal wages in the short run but…

2.market structures 2.market structures 2.market structures 2.market structures

2.market structures 2.market structures 2.market structures 2.market structures 2.market structures 2.market structures 6. Solving for dominant strategies and the Nash equilibrium…

2.one reason some oppose free trade and the reduction of trade barriers in prote

2.one reason some oppose free trade and the reduction of trade barriers in protectionism, What does old-fashioned protectionism seek to protect? Protectionism traditionally seeks …

20 . ( 5 pts) Explain the marginal revenue and marginal cost approach to profit

20. ( 5 pts) Explain the marginal revenue and marginal cost approach to profit maximization and use it to describe profit, loss, and shut down situations for the purely competitiv…

20 17 14 0 40 50 55 80 A) What is the profit maximizing output level for this pe

20 17 14 0 40 50 55 80 A) What is the profit maximizing output level for this perfectly competitive firm? B) What is the profit maximizing price this perfectly competitive firm wi…

20 If the reserve requirement is 20 percent, and banks keep no excess reserves,

20 If the reserve requirement is 20 percent, and banks keep no excess reserves, an increase in an initial inflow of $100 into the banking system will cause an increase in the mone…

20 POINTS In this class, we have seen that lump-sum taxes do not distort economi

20 POINTS In this class, we have seen that lump-sum taxes do not distort economic choices as proportional tax rates do. Nevertheless, in reality, we often see proportional taxes, …

20 Refer to the graph above. A complete business cycle is represented by: A) A t

20 Refer to the graph above. A complete business cycle is represented by: A) A to G B) O to C C) A to F D) C to F 21. Refer to the graph above. A movement from points A to D repre…

20 The Mission of CVs. Corporate Social Res CASE 2O The Mission of CVS: Corporat

20 The Mission of CVs. Corporate Social Res CASE 2O The Mission of CVS: Corporate Social Responsibility and Pharmacy Innovation INTRODUCTION In 1963 brothers Stanley and Sidney Go…

20 To economists the B $500 C $50 D $50 27 Output 0 In the above diagram curves

20 To economists the B $500 C $50 D $50 27 Output 0 In the above diagram curves 1,2, and 3 represent A. average variable cost, marginal cost, and average fixed cost respectively B…

20 economists were sampled and asked to predict if the national economy would im

20 economists were sampled and asked to predict if the national economy would improve during the next twelve months. Eleven of the economists predicted an increase, two economists…