Economics

24.) If the economy were producing at 12 units of outboard motors and 8 units of

24.) If the economy were producing at 12 units of outboard motors and 8 units of robots w A. C. D. the economy would be at a point inside its production possibilities curve. the e…

24.. High-end retailers spend a lot on architecture, displays, and packaging in

24.. High-end retailers spend a lot on architecture, displays, and packaging in order to take advantage of the: A. Hindsight bias B. Confirmation bias C. Availability heuristic ra…

24It is frequently observed that when a city is located next to a major highway,

24It is frequently observed that when a city is located next to a major highway, gas stations located close to the highway charge higher prices than gas stations located farther a…

24Long-run macroeconomic policies concentrate on: minimizing fluctuations around

24Long-run macroeconomic policies concentrate on: minimizing fluctuations around potential GDP. maximizing fluctuations around potential GDP. incentives for increasing productivit…

25 Imagine a free market in equilibrium. After a sudden decrease in demand (but

25 Imagine a free market in equilibrium. After a sudden decrease in demand (but before the price can adjust), the market experiences a: Select one: a. new equilibrium. b. no chang…

25 points Save Answer Industry structure. Ch. 23 and 24 Find below two tables be

25 points Save Answer Industry structure. Ch. 23 and 24 Find below two tables below depicting two possibilities for the structure of a new industry. The top table depicts informat…

25) Lectures in microeconomics can be delivered either by an instructor (labor)

25) Lectures in microeconomics can be delivered either by an instructor (labor) or a movie (capital) or 25) any combination of both. Each minute of the instructor's time delivers …

25) Suppose C = 10 + 0.1Q2 . If p*=10 and there are 100 identical firms in a com

25) Suppose C = 10 + 0.1Q2 . If p*=10 and there are 100 identical firms in a competitive market, the market supply will be A) 2400. B) 2500. C) 24000. D) None of the above. 26) Su…

25) Suppose that at Jones & Smith Shoe Factory, the marginal cost of making a pa

25) Suppose that at Jones & Smith Shoe Factory, the marginal cost of making a pair of shoes is $15 and average variable cost is $15. For the next pair of shoes produced margin…

25) Suppose the government allows imports of rice into the United States. If the

25) Suppose the government allows imports of rice into the United States. If the world price is $2 per pound, what happens to the price that domestic sellers charge and what is th…

25) Suppose the government allows imports of rice into the United States. If the

25) Suppose the government allows imports of rice into the United States. If the world price is $2 per pound, what happens to the price that domestic sellers charge and what is th…

25) Suppose, at a given federal funds rate, there is an excess supply of reserve

25) Suppose, at a given federal funds rate, there is an excess supply of reserves in the federal funds market. If the Fed wants the federal funds rate to stay at that level, then …

25) The marginal product of labor curve shows the change in total product result

25) The marginal product of labor curve shows the change in total product resulting from a: a) one-unit increase in the quantity of a particular resource used, letting other resou…

25) the first step of Quantitative Easing? 1 Graph E 2) Graph F 3) Graph G 4) Gr

25) the first step of Quantitative Easing? 1 Graph E 2) Graph F 3) Graph G 4) Graph H 5) [not enough information to answer] 26) a credit crunch? Graph E 2) Graph F 3Graph G 4) Gra…

25- Suppose prices for new homes have risen, yet sales of new homes have also ri

25- Suppose prices for new homes have risen, yet sales of new homes have also risen. We can conclude that: Question 25 options: a- the demand for new homes has risen. b- the law o…

25-16. A firm that sells e-books-books in digital form downloadable from the Int

25-16. A firm that sells e-books-books in digital form downloadable from the Internet-sells all e-books relating to do-it-yourself topics (home plumbing, gardening, and the like) …

25-30 25. Refer to Figure 14-5. When market price is Pi, a profit-maximizing fir

25-30 25. Refer to Figure 14-5. When market price is Pi, a profit-maximizing firm's total revenue can be represented by the area a. Pl × Q2. d. Pix Q3 26. Refer to Figure 14-5. Wh…

25-According to the law of demand, if: Question 25 options: a- product price inc

25-According to the law of demand, if: Question 25 options: a- product price increases, quantity demanded will decrease. b- consumer income increases, quantity demanded will incre…

25. (2 points) Jonny is risk averse. Jonny is given three options: • $50 for cer

25. (2 points) Jonny is risk averse. Jonny is given three options: • $50 for certain • Gamble A: $100 with probability 0.5 and $0 with probability 0.5 • Gamble B: $200 with probab…

25. According to the efficient markets hypothesis, stocks follow a random walk s

25. According to the efficient markets hypothesis, stocks follow a random walk so that stocks that increase in price one year are more likely to increase than decrease in the next…

25. According to the efficient markets hypothesis, stocks follow a random walk s

25. According to the efficient markets hypothesis, stocks follow a random walk so that stocks that increase in price one year are more likely to increase than decrease in the next…

25. An economic profit of zero is _______ the firm. A) not acceptable to B) acce

25. An economic profit of zero is _______ the firm. A) not acceptable to B) acceptable to C) disastrous to D) sought after by 27. Economic profit in long-run equilibrium in perfec…

25. By definition, a contestable market is an imperfectly competitive situation

25. By definition, a contestable market is an imperfectly competitive situation that is subject to entry. Even if there is only one producer of a particular good, the market may N…

25. Chapter mank07t, Section .18, Problem 085 Table 3-23 Assume that the farmer

25. Chapter mank07t, Section .18, Problem 085 Table 3-23 Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate. Labor …

25. Commodity money A) has no inherent valoc as a commodity or asset. B) tends t

25. Commodity money A) has no inherent valoc as a commodity or asset. B) tends to have listie durability C) has an intrinsic use value in itself D) has rarely been used in the pas…

25. ECO1050 u05q1 Question 25 (Points: 2) The U-shaped average total cost curve

25. ECO1050 u05q1 Question 25 (Points: 2) The U-shaped average total cost curve is which of the following? (2 points). 1. The result of average fixed cost falling and decreasing m…

25. ECO1050 u09q1 Question 25 (Points: 3) One of the reasons interest rates do n

25. ECO1050 u09q1 Question 25 (Points: 3) One of the reasons interest rates do not persistently increase or decrease over time is because of this. (3 points). 1. The demand for ca…

25. ECO1050 u09q1 Question 25 (Points: 3) One of the reasons interest rates do n

25. ECO1050 u09q1 Question 25 (Points: 3) One of the reasons interest rates do not persistently increase or decrease over time is because of this. (3 points). 1. The demand for ca…

25. In a labor market, the supply side represents a. jobs b. workers c. househol

25. In a labor market, the supply side represents a. jobs b. workers c. households d firms e. both b and c The following graph represents the market for widgets. Use it to answer …

25. In order for real wages to grow A) productivity must grow B) productivity mu

25. In order for real wages to grow A) productivity must grow B) productivity must fall. C) money wages must grow. D) money wages must fall. 26, A minimum wage law creates a price…

25. In the short run, a reduction in the price of oil will cause A) a reduction

25. In the short run, a reduction in the price of oil will cause A) a reduction in output. B) an increase in the price level. C) a reduction in the interest rate D) all of the abo…

25. In which case below does a person’s returns on saving is lowest? the nominal

25. In which case below does a person’s returns on saving is lowest? the nominal interest rate = 7% and inflation = 2% the nominal interest rate = 8% and inflation = 4% the nomina…

25. Let r denote the one year interest rate and assume that it is constant. The

25. Let r denote the one year interest rate and assume that it is constant. The present value of a payment of Sz in t years is equal to: c) (Sz)*(1-r) d) (Sz) r) 26. Bonds J and K…

25. Out of disposable income, households a. consume and save b. consume and inve

25. Out of disposable income, households a. consume and save b. consume and invest c. save and invest d. consume, save, and pay taxes e. consume, save, pay taxes, and make transfe…

25. Suppose a monopoly sells to two identifiably different types of customers, A

25. Suppose a monopoly sells to two identifiably different types of customers, A and B, who are unable to practice arbitrage. The inverse demand curve for group A is PA 19 - QA, a…

25. Suppose males and females are respectively paid $1,000 and $800 a week for i

25. Suppose males and females are respectively paid $1,000 and $800 a week for identical qualification and experience. The wage disparity will most likely suggest that there is ge…

25. Suppose that Andy sells basketballs in the perfectly competitive basketball

25. Suppose that Andy sells basketballs in the perfectly competitive basketball market. His output per day and his costs are as follows Output Per Day Tota Variable Average Cost $…

25. Suppose that there is no marginal tax rate. Assume that the marginal propens

25. Suppose that there is no marginal tax rate. Assume that the marginal propensity to consume is equal to 0.8. The spending multiplier: is equal to 0.2 is equal to 1.25 is equal …

25. The government decides to impose a priceceiling on a good, because it thinks

25. The government decides to impose a priceceiling on a good, because it thinks the market determined price is“too high.” If it imposes the price ceiling above theequilibrium pri…

25. Transatlantic air travel in business class has an estimated elasticity of de

25. Transatlantic air travel in business class has an estimated elasticity of demand of 0.40 less than transatlantic air travel in economy class, with an estimated price elasticit…

25. What is the monopolist\'s profit under the following conditions? The profit-

25. What is the monopolist's profit under the following conditions? The profit-maximizing price charged for goods produced is $12. The intersection of the marginal revenue and mar…

25. When the Fed lowers the discount rate, it b. raises the cost of borrowing fr

25. When the Fed lowers the discount rate, it b. raises the cost of borrowing from the Fed, discouraging banks from making loans to the general public. increases the amount of exc…

25. Which best describes the incentives that expected inflation provides to dema

25. Which best describes the incentives that expected inflation provides to demanders (consumers) in the economy? A) Consumers will want to purchase now before prices rise further…

25. Which best describes the incentives that expected inflation provides to dema

25. Which best describes the incentives that expected inflation provides to demanders (consumens) in the economy? A) Consumers will want to purchase now before prices rise further…

25. Which of the following is an explanation of the capture theory? a. regulator

25. Which of the following is an explanation of the capture theory? a. regulators who are interested in keeping their jobs must please both the industry and consumers. b. when pro…

25. Which of the following statements is correct? A. Cost push inflation occurs

25. Which of the following statements is correct? A. Cost push inflation occurs when producers face ever higher increases in their costs resulting in a decrease in Supply that pus…

25. Which of the following statements is/are TRUE regarding Hedge Funds? CIRCLE

25. Which of the following statements is/are TRUE regarding Hedge Funds? CIRCLE ALL THAT APPLY (2 points) Hedge Fund managers are required to engage in transactions which are "mar…

25. trade balances on goods and services includes which of the following: export

25. trade balances on goods and services includes which of the following: exports of goods, net unilateral transfers, imports of services, official transactions, capital inflows, …

25.) Let T equal tons of sulfur dioxide (SO 2 ) emissions. Suppose two power pla

25.) Let T equal tons of sulfur dioxide (SO2) emissions. Suppose two power plants have marginal abatement costs given by MAC1=20-T1 and MAC2=10-T2. Suppose that emitting SO2 costs…

25.Krugman and obstfeld suggest that national borders by themselves ? A. have ve

25.Krugman and obstfeld suggest that national borders by themselves ? A. have very little impact on trade B. do have an impact on trade C. usually results in countries favoring th…