Economics

4. A demand Deposit is not a part of the Money supply (M1 M2) a. True--; b. Fals

4. A demand Deposit is not a part of the Money supply (M1 M2) a. True--; b. False - Q5. CPI (Consumer Price Index) is a measure of a. b. c. d. Purchasing power of households the V…

4. A fall in the value of the dollar againstother currencies makes U.S. final go

4. A fall in the value of the dollar againstother currencies makes U.S. final goods and services cheaper toforeigners even though the U.S. aggregate price level stays thesame. As …

4. A firm faces a market demand curve P = 50 – 5 Q . It has a constant marginal

4. A firm faces a market demand curve P = 50 – 5Q. It has a constant marginal cost of $10. Relative to standard monopoly pricing, how would a block pricing strategy where the firs…

4. A highway needs to be reconstructed. Two alternatives are being considered, a

4. A highway needs to be reconstructed. Two alternatives are being considered, a concrete pavement and an asphalt pavement. Both options have a service life of 45 years. The treat…

4. A jury finds that Leigh, the defendant, is liable in a tort case. It determin

4. A jury finds that Leigh, the defendant, is liable in a tort case. It determines that José, the plaintiff, has suffered $200,000 in damages. The jury also finds that José’s own …

4. A local convenience store chain is running a promotion on the purchase of a s

4. A local convenience store chain is running a promotion on the purchase of a six-pack of soda. When a customer purchases a six-pack of soda, they receive a $0.50 instant rebate.…

4. A major impediment to economic integration is the loss of sovereignty it enta

4. A major impediment to economic integration is the loss of sovereignty it entails. 6. Porter explains the United States' loss of competitiveness in engineering-based industries …

4. A manufacturer of microwaves has discovered that male shoppers have little va

4. A manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no extra value to an auto-defrost feature. Female shoppers …

4. A minor league baseball team is trying to predict ticket sales for the upcomi

4. A minor league baseball team is trying to predict ticket sales for the upcoming season and is considering changing ticket prices. a. The elasticity of ticket sales with respect…

4. A new method of Trans-urethral resection of the prostate will be tested on di

4. A new method of Trans-urethral resection of the prostate will be tested on different patients prostate cancer stages: Stage 1 (100 patients), Stage 2 (90 patients), Stage 8 (10…

4. A pharmaceutical ?rm is marketing a patented drug it has developed (the ?rm t

4. A pharmaceutical ?rm is marketing a patented drug it has developed (the ?rm therefore has monopoly rights over the drug). The demand for the drug is given by Q = 8000 ?? 8P (MR…

4. A pharmaceutical ?rm is marketing a patented drug it has developed (the ?rm t

4. A pharmaceutical ?rm is marketing a patented drug it has developed (the ?rm therefore has monopoly rights over the drug). The demand for the drug is given by Q = 8000 ?? 8P (MR…

4. A politician in Portugal promises prosperity! Specifically, she claims to be

4. A politician in Portugal promises prosperity! Specifically, she claims to be able to provide a stable exchange rate, allow free movement of capital and maintain independent mon…

4. A project with fixed costs of 320,000 and operating cash flow of 160,000 was

4. A project with fixed costs of 320,000 and operating cash flow of 160,000 was expected to sell 11,000 units.  The final results for the year were that 9,800 units were sold inst…

4. A retired couple supplement their income by making fruit pies, which they sal

4. A retired couple supplement their income by making fruit pies, which they sale to a local grocery store. During the month of September, they produce apple and grape pies. The a…

4. A status product may be given a premium price, made with certain features tha

4. A status product may be given a premium price, made with certain features that are appropriate only for the targeted buyers, and distributed only in outlets that have a status …

4. A steel factory has the right to discharge waste into a river. The waste redu

4. A steel factory has the right to discharge waste into a river. The waste reduces the number of fish, causing damage for fisheries. Suppose that the factory initially discharges…

4. ATCF Replacement Analysis. Machine A was purchased three years ago for $16,00

4. ATCF Replacement Analysis. Machine A was purchased three years ago for $16,000 and had an estimated market value of $4,000 at the end of its 8-year life. Annual operating and m…

4. According to the Canadian international merchandise trade data base from Stat

4. According to the Canadian international merchandise trade data base from Statistics Canada, in the 3rd quarter of 2016, Canada sold aircraft and space craft worth 113.94 millio…

4. Adverse selection in pictures (14 points) (a) What is the relationship betwee

4. Adverse selection in pictures (14 points) (a) What is the relationship between cost curves and the demand curves for a typical good? What about for health insurance? (b) Draw t…

4. After considering the situation of market power for my software and how it ch

4.   After considering the situation of market power for my software and how it changed after the introduction of competitors, consider situations of natural disasters and how gov…

4. Although GDP per capita is the most commonly used measure of a country’s succ

4. Although GDP per capita is the most commonly used measure of a country’s success, many economists believe it does not give an accurate measure of a nation’s economic well-being…

4. Among the four economics shocks listed below, you must comment on each shock

4. Among the four economics shocks listed below, you must comment on each shock by stating which shock is the most preferred and the least preferred from the point of views of the…

4. An alternative has the following cash flows: benefits $50,000 per year; dis-b

4. An alternative has the following cash flows: benefits $50,000 per year; dis-benefits- $27,000 per year; Initial cost $250,000; O&M; costs of $10,000 per year. If the altern…

4. An economist estimated that the cost function of a single-product firm is C(Q

4. An economist estimated that the cost function of a single-product firm is C(Q) = 100 + 20Q + 15Q^2 +10Q^3 Based on this information, determine: The fixed cost of producing 10 u…

4. An economy consists of two people: John and Mary. Each of them has 2,000 hour

4. An economy consists of two people: John and Mary. Each of them has 2,000 hours available for work per year. The economy can only produce skateboards and computers. John needs 5…

4. An island economy produces only lamps and books. The table gives the quantiti

4. An island economy produces only lamps and books. The table gives the quantities produced and the prices in 2001, and the quantities produced and the prices in 2002 2001 2002 It…

4. An oil company has some land that is reported to possibly contain oil. The co

4. An oil company has some land that is reported to possibly contain oil. The company classifies such land into four categories by the total number of barrels that are expected to…

4. An upward shift in the Reserve Bank of Australia\'s policy reaction function

4. An upward shift in the Reserve Bank of Australia's policy reaction function at a time when the United States Federal Reserve did not shift its policy reaction function is likel…

4. Answer the follow questions, assuming for each that their preference follow t

4. Answer the follow questions, assuming for each that their preference follow the assumptions laid out in class.. (a) Peter prefers vanilla ice cream to apple pie. Peter prefers …

4. Answer the next questions on the basis of the following cost data for a firm

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

4. AppsAlot is a small company that develops a variety of apps for smart phones.

4. AppsAlot is a small company that develops a variety of apps for smart phones. Management desires to raise $10 million in funds to initiate and continue various projects. With t…

4. Are the following statements true or false? If marginal product is greater th

4. Are the following statements true or false? If marginal product is greater than average product, average product is falling. Marginal cos In the short run, as output increases,…

4. As consumer incomes rise, the demand curve for good X shifts to the right. Gi

4. As consumer incomes rise, the demand curve for good X shifts to the right. Given this, good X must be a _____________ produced by a competitive firm. b. a high quality product.…

4. Assume a monopolist is operating in two markets. The inverse demand functions

4. Assume a monopolist is operating in two markets. The inverse demand functions in the two markets are given by P-P1(Q1) and P2-P2(Q2 The good is produced in one factory, so the …

4. Assume an economy has a real money demand function as discussed in class thus

4. Assume an economy has a real money demand function as discussed in class thus far (see your book , pp. 108-109). You can assume V is constant. a. If this econom y's central ban…

4. Assume that a monopolist sells a product with a total cost function TC = 1200

4. Assume that a monopolist sells a product with a total cost function TC = 1200 + 0.50 2 and a corresponding marginal cost function MC = Q. The market demand curve is given by P=…

4. Assume that the Good Tire company needs outside legal help and that the expec

4. Assume that the Good Tire company needs outside legal help and that the expected marginal benefit of this help is given by MB=$200- 2-L, where L equals hours per week of legal …

4. Assume that the aggregate production function for an economy is described by:

4. Assume that the aggregate production function for an economy is described by: where 0 < < 1. a. Show the production function has the property of constant returns to scale…

4. Assume that the cost data in the table below are for a purely competitive pro

4. Assume that the cost data in the table below are for a purely competitive producer: LO3 a. At a product price of $56, will this firm produce in the short run? If it is preferab…

4. Assume that the cost data in the table below are for a purely competitive pro

4. Assume that the cost data in the table below are for a purely competitive producer: Lo3 a. At a product price of $56, will this firm produce in the short run? If it is preferab…

4. Assume that the market for computers is dictated by monopolistic competition

4. Assume that the market for computers is dictated by monopolistic competition with symmetric firms. The total market demand is comprised of 5,000 computers, while the costs of b…

4. Assume the economy is in a recession. The government is weighing possible fis

4.             Assume the economy is in a recession. The government is weighing possible fiscal policy options. It knows that the recessionary gap equals $500 billion. It also kno…

4. At price level $30, firm’s profit is: $________ IC AC AVC 40 31 20 10 4 10 20

4. At price level $30, firm’s profit is: $________ IC AC AVC 40 31 20 10 4 10 20 30A 40 50 60 70 80 5 OUTPUT 34 79 the point whene 1. What is the competitive firm's profit maximiz…

4. At the profit-maximizing output for the firm in Exhibit 9.-3, the single pric

4. At the profit-maximizing output for the firm in Exhibit 9.-3, the single price monopolist will charge a. $30 per unit of output. $24 c. $22 d. $20 e. $10 5. The total revenue f…

4. BEHAVIOURIAL ECONOMICS AND ASYMMETRIC INFORMATION [16 marks] a. Assumptions m

4. BEHAVIOURIAL ECONOMICS AND ASYMMETRIC INFORMATION [16 marks] a. Assumptions made about people must be realistic. Compare and contrast traditional economics with behavioural eco…

4. Below are the cost curves for Viking Inc. It operates in a perfectly competit

4. Below are the cost curves for Viking Inc. It operates in a perfectly competitive market. $90.00 $80.00 $70.00 t $60.00 o $50.00 t $40.00 S $30.00 $20.00 $10.00 MC ..AVC ATO 200…

4. Bob will earn $80,000 this year for certain. However, Doug\'s income depends

4. Bob will earn $80,000 this year for certain. However, Doug's income depends on whether he gets a big consulting contract - his income is will be $20,000 without the contract bu…

4. Bob’s Underground, a limited liability corporation specializing in new rap ar

4.   Bob’s Underground, a limited liability corporation specializing in new rap artists (B.U. LLC, rap) has the following demand function:   Q= a + bP + cM + dPR where Q is the qu…

4. Brandon and his family often rent movies from the new Internet movie streamin

4. Brandon and his family often rent movies from the new Internet movie streaming service, Xanadu®. The table below shows Brandon’s demand schedule for eight movie rentals that Br…