Economics

3. Calculate the expected utility of a person who has wealth W = $10000, faces a

3. Calculate the expected utility of a person who has wealth W = $10000, faces a potential loss of C = $5000 with probability and has a utility index u(x) over money: (i) = 0.01 a…

3. Candice and Sally both have a surf lesson company. Each summer season they em

3. Candice and Sally both have a surf lesson company. Each summer season they employ a oertain mimber of suf instructors beawed on their demand for surf lessons. Lets assume it ta…

3. Cartel Consider a remote town in which two restaurants, All-You-Can-Eat Cafe

3. Cartel Consider a remote town in which two restaurants, All-You-Can-Eat Cafe and GoodGrub Diner, are the only restaurants in town. Both restaurants realize that if they form a …

3. Categories of expenditures Dmitri and Frances Cuttner live in Swarthmore, PA.

3. Categories of expenditures Dmitri and Frances Cuttner live in Swarthmore, PA. Their son, Jake, owns his own plumbing business For each of the following transactions that occur …

3. Categories of expenditures Larry and Megan Stein live in Swarthmore, PA. Mega

3. Categories of expenditures Larry and Megan Stein live in Swarthmore, PA. Megan's father, Raphael, lives in Sweden. For each of the following transactions that occur in their li…

3. Categories of expenditures Van and Amy Cho live in Swarthmore, PA. Amy\'s fat

3. Categories of expenditures Van and Amy Cho live in Swarthmore, PA. Amy's father, Carlos, lives in Sweden. For each of the following transactions that occur in their lives, iden…

3. Changes in resource markets due to changes in technology and other inputs The

3. Changes in resource markets due to changes in technology and other inputs The makers of Jazzy Cola have come to you for advice. A just-invented process promises to make one of …

3. China and Japan do a lot of international trade with each other. If both coun

3. China and Japan do a lot of international trade with each other. If both countries begin in general equilibrium and then the Peoples’ Bank of China (the central bank) engages i…

3. Coal industry releases 60 million tons of greenhouse gases into the environme

3. Coal industry releases 60 million tons of greenhouse gases into the environment each year? It is estimated that 1.4 billion in capital will be needed to reduce its annual emiss…

3. Collusive outcome versus Nash equilibrium Consider a remote town in which two

3. Collusive outcome versus Nash equilibrium Consider a remote town in which two restaurants, All-You-Can-Eat Café and GoodGrub Diner, operate in a duopoly. Both restaurants disre…

3. Column 1 Column 2 Column 3 Column 4 Column 5 Dollars Q A MU Q B MU Q C MU Q D

3.        Column 1     Column 2     Column 3     Column 4    Column 5                                                 Dollars QA   MU    QB    MU    QC MU     QD    MU   Saved MU …

3. Columns 1 through 3 in the table below show the marginal utility which a part

3.      Columns 1 through 3 in the table below show the marginal utility which a particular consumer would get by purchasing various quantities of products A, B, and C. Unit of pr…

3. Comparing salaries from different times Consider golfers who led the Professi

3. Comparing salaries from different times Consider golfers who led the Professional Golfers' Association of America (PGA) in winnings at different points in time. Note that the w…

3. Consider a close economy supply and demand model. Y denote GDP, C denotes Con

3. Consider a close economy supply and demand model. Y denote GDP, C denotes Consumption, I denotes Investment, r is the real rate of interest in percent, T denotes Taxes, and G s…

3. Consider a complete market, one period, two-state economy, where states u and

3. Consider a complete market, one period, two-state economy, where states u and d are equiprobable at time 1. The aggregate endowment is Zu in state u and Zd in state d. The repr…

3. Consider a market of four firms with demand given by P = 200 – Q. Each firm h

3. Consider a market of four firms with demand given by P = 200 – Q. Each firm has a constant marginal cost of $20. Competition is currently characterized by making simultaneous p…

3. Consider a risk-averse individual with utility function VW where W denotes we

3. Consider a risk-averse individual with utility function VW where W denotes wealth, owning a lottery ticket with prizes dependent on the tossing of a fair coin (50% chances to f…

3. Consider agricultural land of uniform quality surrounding a city. The possibl

3. Consider agricultural land of uniform quality surrounding a city. The possible crops differ in their level of production per hectare, their value in the city and their transpor…

3. Consider an economy that produces oranges and boomerangs. The prices and quan

3. Consider an economy that produces oranges and boomerangs. The prices and quantities of these a. Using the data in Question 3, calculate the rate of inflation from 2016-2017 bas…

3. Consider an economy where all consumers have the following utility as a funct

3.  Consider an economy where all consumers have the following utility as a function of income:       a)  Find the expected income and expected utility of the following situation:…

3. Consider an economy with the following equations and relationships: Yd =Y-T T

3. Consider an economy with the following equations and relationships: Yd =Y-T T = t0+ t1Y Note: There are two cornponents i-i' this is an interest rate target Co=200 g=0.6 bo -30…

3. Consider an industry with the demand curve (D) and marginal cost curve (MC) s

3. Consider an industry with the demand curve (D) and marginal cost curve (MC) shown in the accompanying diagram. There is no fixed cost. If the industry is a single-price monopol…

3. Consider our simple Supply and Demand model of exchange rate determination. T

3. Consider our simple Supply and Demand model of exchange rate determination. Think of the U.S. as the domestic country and Great Britain (GB) as the foreign country. Let "e" sta…

3. Consider someone who gets utility from consumption in two periods 1 and 2. He

3. Consider someone who gets utility from consumption in two periods 1 and 2. Her utility function is U = (c1)^(1/2) + (?c2)^(1/2) = ?c1 + ??c2 (a) Suppose ? = 1. What is the marg…

3. Consider someone who gets utility from consumption in two periods 1 and 2. He

3. Consider someone who gets utility from consumption in two periods 1 and 2. Her utility function is U = (c1)^(1/2) + (?c2)^(1/2) = ?c1 + ??c2 (a) Suppose ? = 1. What is the marg…

3. Consider that two identical firms (firm 1 and firm 2) in a homogenous-product

3. Consider that two identical firms (firm 1 and firm 2) in a homogenous-product market compete in prices. The capacity of each firm is k. The firms have constant marginal cost eq…

3. Consider the following dynamic game. The monopolist (i.e., incumbent) is asse

3. Consider the following dynamic game. The monopolist (i.e., incumbent) is assessing whether it is more profitable to pay a fee for exclusive rights. Once the fee is paid, no one…

3. Consider the following general 2 × 2 zero-sum game, with the payoff numbers a

3. Consider the following general 2 × 2 zero-sum game, with the payoff numbers a, b, c, d all distinct. L M U a b M c d a) (3 points) Show that if (U, L) are the maxmin strategies…

3. Consider the following information about the contributions of specific GDP it

3. Consider the following information about the contributions of specific GDP items to total change in US GDP in 2018. (5 Points) Table 1: Contributions to Percent Change in Real …

3. Consider the following two-player simultaneous-move game. Player A chooses ei

3. Consider the following two-player simultaneous-move game. Player A chooses either up (u) or 'down' (d). Player B chooses between 'left' () and 'right' (). The table provided be…

3. Consider the folltt played one time and one time only. Two countries Iran and

3. Consider the folltt played one time and one time only. Two countries Iran and Saudi Arabia enter into a collusive agreement to fix the output of oil. Each player can either lim…

3. Consider the labor market represented by the wage-setting and the price-setti

3. Consider the labor market represented by the wage-setting and the price-setting relations, which is shown below. Answer the following three questions Real wage, W/P Price-setti…

3. Consider the market for oil. What do we expect to happen to the equilibrium p

3. Consider the market for oil. What do we expect to happen to the equilibrium price and quantity in each of these situations? (a) New drilling technology makes oil extraction mor…

3. Consider the two-player game given by the following payoff matrix. In each ce

3. Consider the two-player game given by the following payoff matrix. In each cell, the first payoff is the payoff to Player 1, while the second is the payoff to Player 2. Plaver …

3. Consider three alternative bonds that you might invest in, each of which matu

3. Consider three alternative bonds that you might invest in, each of which matures in one year. The following table shows the probability that you will receive each possible retu…

3. Consider two communities. In one community, ten families have incomes of $100

3. Consider two communities. In one community, ten families have incomes of $100,000 each and ten families have incomes of $20,000 each. In the other community, ten families have …

3. Consider two diversified stock portfolios. One contains 500 stocks, the other

3. Consider two diversified stock portfolios. One contains 500 stocks, the other 25 stocks. How would you describe the relative risk (standard deviation) of these two portfolios? …

3. Consider two nelighboring Island countries called Felicidad and Contente. The

3. Consider two nelighboring Island countries called Felicidad and Contente. They each have 4 million løbor hours available per month that they can use to produce com, Jeans, or a…

3. Consider we wanted to know how many trips versus dinners out you could purcha

3. Consider we wanted to know how many trips versus dinners out you could purchase. If you were told that X = number of trips and Y = the number of dinners out and you were given …

3. Conspiracies to fix prices are: A. illegal under the Clayton Act. B. illegal

3. Conspiracies to fix prices are: A. illegal under the Clayton Act. B. illegal under the Celler-Kefauver Act C. per se violations of the antitrust laws. Answer the next question …

3. Constructing a Lorenz curve from personal income data The Smith quintuplets a

3. Constructing a Lorenz curve from personal income data The Smith quintuplets and the Jones quintuplets grew up across the street from each other. Now in their 40s, the men earn …

3. Consumption function and non-income determinants Aa Aa The following graph sh

3. Consumption function and non-income determinants Aa Aa The following graph shows an economy's initial position at point B along its consumption function (CFy) REAL CONSUMPTION …

3. Convex Preferences and optimal solutions. Let > denote the consumer\'s prefer

3. Convex Preferences and optimal solutions. Let > denote the consumer's preference relation on C -RZ. We say a preference relation is convex (re- spectively, strictly convex) …

3. Corporate finance, capital markets and investments Aa Aa Finance professional

3. Corporate finance, capital markets and investments Aa Aa Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and in…

3. Creating an amortization schedule Aa Aa 000 to start a new business. He consi

3. Creating an amortization schedule Aa Aa 000 to start a new business. He considers this loan to be an investment, and therefore requires his friend to pay him an interest raá al…

3. David has utility function U (xy)-minf3K 3yg. He has 13 units of good ? and 9

3. David has utility function U (xy)-minf3K 3yg. He has 13 units of good ? and 9 units of y. Aner's utility function for the same two goods is U(x; y)- 2x 2y. Aner has 6 units of …

3. Definition of economic costs Antonio lives in Philadelphia and runs a busines

3. Definition of economic costs Antonio lives in Philadelphia and runs a business that sells pianos. In an average year, he receives $709,000 from selling pianos. of this sales re…

3. Definition of economic costs Jake lives in Miami and runs a business that sel

3. Definition of economic costs Jake lives in Miami and runs a business that sells pianos. In an average year, he receives $851,000 from selling pianos. Of this sales revenue, he …

3. Describe aggregate production planning, master production planning, material

3. Describe aggregate production planning, master production planning, material requirement planning, and distribution requirements planning. How are these plans related? 4. Descr…

3. Describing the criteria for choosing communication media Select the best resp

3. Describing the criteria for choosing communication media Select the best response to each of the following questions. Which of these are traditional communication channels? Che…