Economics

4-The three fundamental economic questions of what, how, and for whom: a-exist b

4-The three fundamental economic questions of what, how, and for whom: a-exist because of scarcity. b-are much more serious in a socialist system. c-are not serious in a capitalis…

4-Use the model of the small open economy to predict what would happen to the tr

4-Use the model of the small open economy to predict what would happen to the trade balance, the real exchange rate, and the nominal exchange rate in response to each of the follo…

4. (10 points) Consider the following 2 x 2 game: Player 2 L R T 1,0 2,9 B 3, 4

4. (10 points) Consider the following 2 x 2 game: Player 2 L R T 1,0 2,9 B 3, 4 2, a (a) (1 point) If player 2 plays L, what is (are) player 1's best response(s)? (b) (2 points) D…

4. (10 points) The problem of public goods provision (discussed earlier in the t

4. (10 points) The problem of public goods provision (discussed earlier in the textbook) can also be thought of as a problem of asymmetric information. Suppose there is a house wi…

4. (12 points) Suppose a firm in a competitive industry faces an equilibrium pro

4. (12 points) Suppose a firm in a competitive industry faces an equilibrium product price of $2 per unit of output. Table A provides information on the output produced by various…

4. (15 points) A city wastewater treatment plant is working on a project to recl

4. (15 points) A city wastewater treatment plant is working on a project to reclaim energy from waste methane generated by the plant's anaerobic digester. The project cost is anti…

4. (15 points) Consider the competitive market where demand is P 20 25Q and supp

4. (15 points) Consider the competitive market where demand is P 20 25Q and supply is P-3 +.5Q. a. Analyze the effects on the equilibrium quantity, producer price Phy and consumer…

4. (15 points) Consider the competitive market where demand is P = 20 .25Q and s

4. (15 points) Consider the competitive market where demand is P = 20 .25Q and supply is P = 3 + .5Q. a. Analyze the effects on the equilibrium quantity, producer price Pn, and co…

4. (15 pts) Your manufacturing company is currently producing just enough of its

4. (15 pts) Your manufacturing company is currently producing just enough of its best-selling wesomeGadgetX to meet this year's demand. The forecast for next year is in, and its d…

4. (15%) Consider the following two mutually exclusive projects, X and Y, and th

4. (15%) Consider the following two mutually exclusive projects, X and Y, and their cash flows information, Project Year 0 ($2,600) (S2,700) Year 1 $1,000 S500 Cash Flows Year 2 $…

4. (24 points) Suppose the utility function of someone who consumes goods a and

4. (24 points) Suppose the utility function of someone who consumes goods a and v is given by U,+2 y. The corresponding marginal utility of z is thus MUs - 1/(2Va) and the margina…

4. (25 points) A monopolistically competitive company assembles and installs sol

4. (25 points) A monopolistically competitive company assembles and installs solar panels it imports at $10 per unit. All remaining costs of the company, denoted RC, is given by t…

4. (25 points) A monopolistically competitive company assembles and installs sol

4. (25 points) A monopolistically competitive company assembles and installs solar panels it imports at $10 per unit. All remaining costs of the company, denoted RC, is given by t…

4. (3 points)- Use the table to answer the questions that follow below. Assume p

4. (3 points)- Use the table to answer the questions that follow below. Assume perfectly competitive labor and product markets. Number of Total MarginalProduct Marginal Product Ma…

4. (3 pts) Jimbob’s Garage is the only auto repair facility in a remote area of

4. (3 pts) Jimbob’s Garage is the only auto repair facility in a remote area of the Nevada desert. The proprietor, Jimbob, does not post his prices for services. Knowing his custo…

4. (30 points) Answer the following Questions for a Monopoly Firm. Price Quantit

4. (30 points) Answer the following Questions for a Monopoly Firm. Price Quantity TR MR MC TC Profit $15,000 0 0 14,000 1 1 |:400011400010000 |s52.0001-330DD $50,000 -50oDD 13,000…

4. (30 points) Say whether the following is true or false. Explain it briefly (F

4. (30 points) Say whether the following is true or false. Explain it briefly (For a true statement, an explanation is not necessary. For a false statement, explain why it is fals…

4. (30 pts) Read the NY Times article \"In the Shopping Cart of a Food Stamp Hou

4. (30 pts) Read the NY Times article "In the Shopping Cart of a Food Stamp House- hold: Lots of Soda" found here: https://www.nytimes. com/2017/01/13/wel1/eat,/ food-stamp- snap-…

4. (40 pts) Using the accompanying figure answer the following questions showing

4. (40 pts) Using the accompanying figure answer the following questions showing how you arrived at every single answer. I. The consumer is optimizing at point A in the accompanyi…

4. (45 points) Assume that Hualien consists of a single circle street that is L

4. (45 points) Assume that Hualien consists of a single circle street that is L mile long and has N residents uniformly located on it. There are 3 independent video rental stores …

4. (5 marks) Answer the questions below based on the data in the following table

4. (5 marks) Answer the questions below based on the data in the following table. (All figures are in $ billions.) Total currency issued by the Bank of Canada Total personal savin…

4. (5 points) Suppose that I make $15 per hour and you make $20 per hour and we

4. (5 points) Suppose that I make $15 per hour and you make $20 per hour and we both like to eat hamburgers that cost $5 each. Compare my real wage (in terms of hamburgers) to you…

4. (5 points). Go to the St. Louis Federal Reserve (FRED) database (https://fred

4. (5 points). Go to the St. Louis Federal Reserve (FRED) database (https://fred stlouisfed.or) and find the most recent values and values from one year earlier, for nominal GDP (…

4. (5 pts) Which one of the following is not how a gasoline tax reduce highway c

4. (5 pts) Which one of the following is not how a gasoline tax reduce highway congestion? (a) It increases the time needed to get to destination through highway (b) It diverts pe…

4. (6 points) Refer to the following payoff matrix, which represents possible pr

4. (6 points) Refer to the following payoff matrix, which represents possible profits for two firms competing in an oligopoly market. X's Possible prices $40 $35 A$57 B$59 $60 $55…

4. (8 points) An economist seeks to calculate a differences-in-differences estim

4. (8 points) An economist seeks to calculate a differences-in-differences estimate for the effect of a training program on earnings. Workers are randomly assigned to a treatment …

4. (8 points) An economist seeks to calculate a differences-in-differences estim

4. (8 points) An economist seeks to calculate a differences-in-differences estimate for the effect of a training program on earnings. Workers are randomly assigned to a treatment …

4. (8 points) An economist seeks to calculate a differences-in-differences estim

4. (8 points) An economist seeks to calculate a differences-in-differences estimate for the effect of a training program on earnings. Workers are randomly assigned to a treatment …

4. (8 points) Assume that a firm has the following production function: q = f(K,

4. (8 points) Assume that a firm has the following production function: q = f(K,L). Further assume that the isoquants for this function are convex. The wage rate is $4/hour, and t…

4. (Mishkin 17.1) Classify each of these transactions as an asset, a liability,

4. (Mishkin 17.1) Classify each of these transactions as an asset, a liability, or neither for each of the "players" in the money supply processthe federal reserve, banks, and dep…

4. (TCO 5) You\'ve just joined the staff of the XYZ Manufacturing Company (XYZ,

4. (TCO 5) You've just joined the staff of the XYZ Manufacturing Company (XYZ, for short). XYZ manufactures only one product, the gizmo. It comes in two sizes, the mini-gizmo and …

4. (TCO 8) Vellus Products is a small company that produces personal care produc

4. (TCO 8) Vellus Products is a small company that produces personal care products for dogs. Vellus Products initially began exporting when a Taiwanese business placed an order fo…

4. (TCO C) Answer the next questions on the basis of the following cost data for

4. (TCO C) Answer the next questions on the basis of the following cost data for a firm in pure competition: OUTPUT ------ TFC ---------- TVC ---------------MC 0 $100.00 0.00 1 10…

4. (a) List the costs and benefits of the following hypothetical policies. (i) T

4. (a) List the costs and benefits of the following hypothetical policies. (i) The U.S. government offers a S5 billion prize to the first drug company that develops a cure for Alz…

4. ) For the following total revenue and total cost functions of a firm: TR=22Q-

4. ) For the following total revenue and total cost functions of a firm: TR=22Q-0.5Q^2 , TC= 1/3Q^3- 8.5Q^2+50Q+90 4a) Determine the level of output at which the firm maximizes it…

4. . Price ( Dollars per admission) Quantity demanded (Thousands of visits per w

4. . Price ( Dollars per admission) Quantity demanded (Thousands of visits per week) The table above represents the demand schedule for visits to a local Zoo. a) If the objective …

4. .Imagine that the economy is at the intersection of LRAS, SRAS and AD curves.

4. .Imagine that the economy is at the intersection of LRAS, SRAS and AD curves. If M is increased what happens to prices? a. They are unchanged in the SR and rise in the LR along…

4. 5 pts) Suppose we made a forward contract with delivery price K on a stock wh

4. 5 pts) Suppose we made a forward contract with delivery price K on a stock whose current price is $100. The maturity date is one year from now, and the compounding factor for a…

4. A 120-metric-ton telescoping crane that cost $320,000 is owned by Upper State

4. A 120-metric-ton telescoping crane that cost $320,000 is owned by Upper State Power. Salvage is estimated at $75,000. (a) (5 points) Calculate book values using standard SL dep…

4. A \"down payment\" is: (2 points) A payment that an investor must make if the

4. A "down payment" is: (2 points) A payment that an investor must make if the value of the securities posted as collateral for a margin loan falls below a certain level. a. b. A …

4. A bank\'s balance sheet Aa Aa A group of citizens of the country of Smal Best

4. A bank's balance sheet Aa Aa A group of citizens of the country of Smal Best National Bank used $135,000 of this to purchase a building and furniture for the bank. lbangistan r…

4. A bond fund manager has a four year time horizon, and is considering two bond

4. A bond fund manager has a four year time horizon, and is considering two bonds. The first is a 15-year to maturity bond with a 6.60% coupon rate, paid annually. The price of th…

4. A business deal in which all publicly owned stock in a firm is replaced with

4. A business deal in which all publicly owned stock in a firm is replaced with complete equity ownership by a private group is called a a. tender offer b. proxy contest. c. going…

4. A cartel is a group of firms who try to work together to behave like a monopo

4. A cartel is a group of firms who try to work together to behave like a monopoly. These firms attempt to share large monopoly profits by reducing output and raising prices. Perh…

4. A cash-starved town decides to impose a the quantity demanded and the quantit

4. A cash-starved town decides to impose a the quantity demanded and the quantity supplied at varu 6 excise tax on T-shirts sold. The following table shows tax Price per T-shirt $…

4. A decision at the margin Beth is a hard-working college freshman. One Thursda

4. A decision at the margin Beth is a hard-working college freshman. One Thursday, she decides to work nonstop until she has answered 200 practice problems for her chemistry cours…

4. A decision at the margin Carlos is a hard-working college senior. One Saturda

4. A decision at the margin Carlos is a hard-working college senior. One Saturday, he decides to work nonstop until he has answered 100 practice problems for his physics course. H…

4. A decision at the margin Gilberto s a hard-working college sophomore. One Thu

4. A decision at the margin Gilberto s a hard-working college sophomore. One Thursday, he decides to work nonstop until he has answered 100 practice problems for his physics cours…

4. A decision at the margin Hilary is a hard-working college senior. One Saturda

4. A decision at the margin Hilary is a hard-working college senior. One Saturday, she decides to work nonstop until she has answered 100 practice problems for her math course. Sh…

4. A decision at the margin Nick is a hard-working college senior. One Saturday,

4. A decision at the margin Nick is a hard-working college senior. One Saturday, he decides to work nonstop until he has answered 50 practice problems for his economics course. He…