Economics

3. Indifference curves and preferences Aa Aa Sam likes both chocolate and ice cr

3. Indifference curves and preferences Aa Aa Sam likes both chocolate and ice cream. Assume that the "more is better" principle applies to Sam; that is, he would always prefer to …

3. Indifference curves and preferences Caroline likes both soda and ice more of

3. Indifference curves and preferences Caroline likes both soda and ice more of either good, holding the consumption of the other good constant. cream. Assume that the "more is be…

3. Indifference curves and utility: Consider the utility function U (Q1.42)241 t

3. Indifference curves and utility: Consider the utility function U (Q1.42)241 that describes Robert's preferences. For the following, think of qi as the variable you would graph …

3. Interest on debt Aa Aa Suppose that the debt to GDP ratio in a hypothetical c

3. Interest on debt Aa Aa Suppose that the debt to GDP ratio in a hypothetical country reaches 200%. For many years, investors had been willing to lend to the government at very l…

3. Is institutional change possible? Some countries have histories of powerful,

3. Is institutional change possible? Some countries have histories of powerful, broad-based governments, in part because colonizers had (long/short) term interests in those countr…

3. Is monopollstic competition efficient? Suppose tha t a firm produces wooden t

3. Is monopollstic competition efficient? Suppose tha t a firm produces wooden train engines in a monopolstically competitive market. The following graph shows its demand curve, m…

3. Is monopollstic competition efficlent? Suppose that a firm produces wooden tr

3. Is monopollstic competition efficlent? Suppose that a firm produces wooden train engines in a monopolistically competitive market. The following graph shows Its demand curve, m…

3. Jane quit her job at IBM where she earned $50,000 a year. She cashed in $50,0

3. Jane quit her job at IBM where she earned $50,000 a year. She cashed in $50,000 in corporate bonds that earned 10% interest annually to buy a mini-bus. Jane has decided to buy …

3. Joe enjoys fishing and goes out about 20 times per year. One day, his wife, S

3. Joe enjoys fishing and goes out about 20 times per year. One day, his wife, Sarah, told him that fishing is simply too expensive a hobby. “I think that you should stop going fi…

3. Joe tells of the following story: \"I bought a couple of rare compact discs f

3. Joe tells of the following story: "I bought a couple of rare compact discs for $5 each from a local flea market. The guy obviously didn't know what they were worth as it was pr…

3. Judge Baylor, a profit maximizer, has just invented a new way to produce Osog

3. Judge Baylor, a profit maximizer, has just invented a new way to produce Osogazwidzoes. His cost using the new production technique is Clal q(34 + (1/2)(a-12)2). (a) What is hi…

3. Kanesha is an entrepreneur and has recently opened her first coffee shop, The

3. Kanesha is an entrepreneur and has recently opened her first coffee shop, The Coffee Cat. Kanesha pays $5000 rent each month, $4800 for employee payroll, and $1200 for supplies…

3. Karen runs a print shop that makes posters for large compa nies. It is a very

3. Karen runs a print shop that makes posters for large compa nies. It is a very competitive business. The market price is currently SI per poster. She has fixed costs of $250. He…

3. Karen runs a print shop that makes posters for large compa nies. It is a very

3. Karen runs a print shop that makes posters for large compa nies. It is a very competitive business. The market price is currently SI per poster. She has fixed costs of $250. He…

3. Large companies across the country have moved toward two-tiered wage structur

3. Large companies across the country have moved toward two-tiered wage structures for their union employees. The following website documents what has happened with a prominent co…

3. Last week, your friend Jeremy borrowed $200 from a pawn shop operator because

3. Last week, your friend Jeremy borrowed $200 from a pawn shop operator because he was totally broke. He was to pay the operator $230 after 1 week, but missed the payment. At fir…

3. Leagues evolved as the best way for teams to maximize profits because they: A

3. Leagues evolved as the best way for teams to maximize profits because they: A. allowed more teams to participate. B. negotiated nationwide media contracts. C. always shared rev…

3. Let us consider more carefully the determinants of wages. As an initial attem

3. Let us consider more carefully the determinants of wages. As an initial attempt to analyze the effects of education on wages, you estimate the univariate model: However, then s…

3. Let’s take a look at financial intermediation and the financial crisis of 200

3. Let’s take a look at financial intermediation and the financial crisis of 2007–2009. Using the FRED economic database (https://fred.stlouisfed.org/), search for “all sectors to…

3. Look over your previous monthly income and spending habits. Pick a good that

3. Look over your previous monthly income and spending habits. Pick a good that you can determine your income elasticity. Hint: Pick two different months where your income was dif…

3. Lump-sum versus excise taxes Aa Aa Laura loves eating bananas and eating appl

3. Lump-sum versus excise taxes Aa Aa Laura loves eating bananas and eating apples. Both cost $1 each, and she allocates $100 to spend on these two things alone each month. The fo…

3. Lump-sum versus excise taxes Aa Aa Sunita loves eating donuts and eating bage

3. Lump-sum versus excise taxes Aa Aa Sunita loves eating donuts and eating bagels. Both cost $1 each, and she allocates $150 to spend on these two things alone each month. The fo…

3. MOVING AVERAGES Let\'s look at moving averages as they are the most popular a

3. MOVING AVERAGES Let's look at moving averages as they are the most popular and well known technical analysis tool. Click on http://stockcharts.com/education/IndicatorAnalysis/i…

3. MSC = MPC + MEC MPC Output of Crude Oil Qi Qo Using the diagram above, answer

3. MSC = MPC + MEC MPC Output of Crude Oil Qi Qo Using the diagram above, answer the following questions: a. Assuming no form of government intervention, what price and quantity o…

3. Marginal analysis and profit maximization Suppose Ana gives haircuts on Satur

3. Marginal analysis and profit maximization Suppose Ana gives haircuts on Saturdays to make extra money. She is the only person in town cutting hair on Saturdays and therefore ha…

3. Market solutions to correct for negative externalities This problem asks you

3. Market solutions to correct for negative externalities This problem asks you to examine the costs in the market for gasoline The cost of consuming gasoline comes in two parts 1…

3. Micro marketing strategies a. are concerned with directing the forward flow o

3. Micro marketing strategies a. are concerned with directing the forward flow of a firm's goods and/or service to customers in order to accomplish the firm's objectives b. are mo…

3. Mike is considering buying a luxury car and is interested in calculating the

3. Mike is considering buying a luxury car and is interested in calculating the incremental costs of an imported car over a domestic car. The costs are summarized as shown in the …

3. Milky Moo and Mega Cow are the only sellers of milk. Milky Moo\'s supply func

3. Milky Moo and Mega Cow are the only sellers of milk. Milky Moo's supply function is QsMMoo =12P-6 at prices above $0.50 and zero at prices below $0.50. Mega Cow's supply functi…

3. Milton Friedman, a leading monetarist, believes the Fed should not manage the

3. Milton Friedman, a leading monetarist, believes the Fed should not manage the money supply in a discretionary manner. Which of the following statements is NOT a reason for Frie…

3. Minimum wage and unskilled labor AaAa This graph shows the labor demand and l

3. Minimum wage and unskilled labor AaAa This graph shows the labor demand and labor supply curves for unskilled labor that is covered by the federal minimum wage law WAGE CALCULA…

3. Minimum wage legislation The following graph shows the labor market in the fa

3. Minimum wage legislation The following graph shows the labor market in the fast-food industry in the fictional town of Supersize City. Use the graph input tool to help you answ…

3. Monopolist sets price a $12 and sells 250 units. The marginal revenue cost co

3. Monopolist sets price a $12 and sells 250 units. The marginal revenue cost corresponding to this level of output is $6 and $8 respectively. What recommendation would you give t…

3. Monopoly in the market for intellectual property Fluxtron is launching some n

3. Monopoly in the market for intellectual property Fluxtron is launching some new software. Developing the new software involves a relatively high fixed cost of roughly $6 millio…

3. More than one resource Aa Aa Kenji Kitano runs a surfing school on the North

3. More than one resource Aa Aa Kenji Kitano runs a surfing school on the North Shore of Oahu. He has two inputs: surfboards, which he rents from a local shop for $15 per day, and…

3. More than one resource Aa Aa im Cuttner runs a surfing school on the North Sh

3. More than one resource Aa Aa im Cuttner runs a surfing school on the North Shore of Oahu. He has two inputs: surfboards, which he rents from a local shop for $15 per day, and s…

3. Movements along versus shifts of demand and supply curves Aa Aa Consider the

3. Movements along versus shifts of demand and supply curves Aa Aa Consider the demand for donuts. Which of the following would cause a movement along the demand curve (that is, a…

3. Mr. Johnson would like to open a new business for which he needs a license fr

3. Mr. Johnson would like to open a new business for which he needs a license from the city of Atlanta for $25,000. The license is refundable, but only $5,000 is refundable in the…

3. Multiple choice questions. Please choose only one answer clearly. (a) At her

3. Multiple choice questions. Please choose only one answer clearly. (a) At her current consumption level, Lisa gets 4 times more marginal utility from an additional bottle of wat…

3. Narrowing your topic Imagine that you are giving an informative speech about

3. Narrowing your topic Imagine that you are giving an informative speech about a topic. You will be speaking after a relaxed, evening dinner involving 15-20 colleagues from work.…

3. New growth theory Select the appropriate growth theory used to model each of

3. New growth theory Select the appropriate growth theory used to model each of the following views. **********FULL POINTS/THUMBS UP FOR CORRECT ANSWERS AND AN EXCELLENT EXPLANATI…

3. Not all regression coefficients have positive expected signs. For example, a

3. Not all regression coefficients have positive expected signs. For example, a Sports Illustrated article by Jaime Diaz reported on a study of golfing putts of various lengths on…

3. Now consider what has happened in the market for illegal downloads. As the ar

3. Now consider what has happened in the market for illegal downloads. As the article suggests, lawsuits brought by the Recording Industry Association of America (RIAA) seem to ha…

3. On The Federal Reserve -Monetary Policy a. Provide a brief historical overvie

3. On The Federal Reserve -Monetary Policy a. Provide a brief historical overview of the Fed-consider highlighting the following: i. Key dates and details that trace how the insti…

3. On The Federal Reserve -Monetary Policy a. Provide a brief historical overvie

3. On The Federal Reserve -Monetary Policy a. Provide a brief historical overview of the Fed-consider highlighting the following: i. Key dates and details that trace how the insti…

3. One component of learning about another country or region is to understand th

3. One component of learning about another country or region is to understand the relationship of its currency with others on the world currency market. As such, you are assigned …

3. One of the major principles used in calculating GDP is to value goods at thei

3. One of the major principles used in calculating GDP is to value goods at their market prices. But the "outputs" of governmental offices are not sold, so they have no market pri…

3. One year ago, you bought a bond for $10,000. You received interest of $400 at

3. One year ago, you bought a bond for $10,000. You received interest of $400 at the end of the year, as well as your $10,000 principal. If the inflation rate over the last year w…

3. Online Tutors offers monthly access to students for either or both math or sc

3. Online Tutors offers monthly access to students for either or both math or science tutors. A market study found that the served by Online Tutors can be divided into two types o…

3. Online Tutors offers monthly access to students for either or both math or sc

3. Online Tutors offers monthly access to students for either or both math or science tutors. A market study found that the served by Online Tutors can be divided into two types o…