Economics

4. Brunner and coauthors (2001) studied home ownership and median incomes in dif

4. Brunner and coauthors (2001) studied home ownership and median incomes in different California communities and their connection with voting on a proposal to promote school choi…

4. By the time Paul Volcker took office as the new Federal Reserve chairman in 1

4. By the time Paul Volcker took office as the new Federal Reserve chairman in 1979, both inflation and unemployment were much higher that during the 1950s, the 1960s, and the ear…

4. Calculate the combined marginal tax rate for ordinary income and the combined

4. Calculate the combined marginal tax rate for ordinary income and the combined rate for capital gains Federal Corporate Marginal Tax Rate (Ordinary Income): 34.00 % State Corpor…

4. Capture the following in a Fisher Model Intertemporal Budget Constraint Equat

4. Capture the following in a Fisher Model Intertemporal Budget Constraint Equation. Write the equation and define the terms you use. A consumer faces the following .Use a 5-year …

4. Choice between direct exporting and FDI Aa Aa Giocattolo is a profit-maximizi

4. Choice between direct exporting and FDI Aa Aa Giocattolo is a profit-maximizing firm producing toy cars, which it can produce and sell in Italy, its home country, and in Spain.…

4. Choice between direct exporting and FDI Aa Aa Igrushka is a profit-maximizing

4. Choice between direct exporting and FDI Aa Aa Igrushka is a profit-maximizing firm producing wooden dolls, which it can produce and sell in Russia, its home country, and in Fra…

4. Classify each of the following as more likely to be on the demand side or the

4. Classify each of the following as more likely to be on the demand side or the supply side of the exchange rate market for Canadian dollars: a. a U.S. firm selling in Canada b. …

4. Clever Mutants. (20 points) Consider the symmetric two-player game: 0 3 0 0 (

4. Clever Mutants. (20 points) Consider the symmetric two-player game: 0 3 0 0 (a) (10 points) Find all the evolutionarily stable strategies, including any mixed- strategy (i.e., …

4. Columns 1 through 4 in the table at the top of the page show the marginal uti

4. Columns 1 through 4 in the table at the top of the page show the marginal utility, measured in utils, that Ricardo would get by purchasing various amounts of products A, B, C, …

4. Commercial banks\' assets include A. bank deposits of individuals and busines

4. Commercial banks' assets include A. bank deposits of individuals and businesses and bank reserves B. loans to individuals and businesses and government securities C. bank reser…

4. Common resources versus private goods Spring is here, and Becky and her dad w

4. Common resources versus private goods Spring is here, and Becky and her dad would like to go fishing for the weekend in Washington. Becky could either go to the river in town w…

4. Common resources versus private goods Spring is here, and Nick and his uncle

4. Common resources versus private goods Spring is here, and Nick and his uncle would like to go fishing for the weekend in Florida. Nick could either go to the river in town wher…

4. Common resources versus private goods Spring is here, and Yvette and her brot

4. Common resources versus private goods Spring is here, and Yvette and her brother would like to go fishing for the weekend in New Hampshire. Yvette could either go to the river …

4. Company X is a monopolist in the doorstop industry. Its cost function is TC 1

4. Company X is a monopolist in the doorstop industry. Its cost function is TC 100-5Q+ o' and demand is P = 55-20. What price should Company X set to maximize profit? What output …

4. Consider a duopoly with firms that offer homogeneous products where each has

4. Consider a duopoly with firms that offer homogeneous products where each has constant mar- Letting P and p2 be the prices of firms 1 and 2, respectively, the demand function of…

4. Consider a monopolist with the following long run costs: TC=Q -SQ + 100 The i

4. Consider a monopolist with the following long run costs: TC=Q -SQ + 100 The inverse demand curve is given by Use the twice as steep rule to find the equation of the marginal re…

4. Consider a simplified model of preventive care. Suppose that there is only on

4. Consider a simplified model of preventive care. Suppose that there is only one disease, flu, which can be eliminated by taking a flu shot, with a cost of $100. The probability …

4. Consider an economy with the following labor force characteristics: Number of

4. Consider an economy with the following labor force characteristics: Number of people employed E =135 million Number of people unemployed U= 15 million Number of people official…

4. Consider an income guarantee program with an income guarantee of $3,000 and a

4. Consider an income guarantee program with an income guarantee of $3,000 and a benefit reduction rate of 50%. A person can work up to 2,000 hours per year at $6 per hour. Alice,…

4. Consider the college that has two prices for its services. It charges list pr

4. Consider the college that has two prices for its services. It charges list price (full tuition) a small portion of their students. Everyone else gets a discount (scholarship). …

4. Consider the following 3 X 5 game between players R (Row) and C Column). The

4. Consider the following 3 X 5 game between players R (Row) and C Column). The first element in any square represents the payoff of R and the second element, the payoff to C L1 |…

4. Consider the following Cobb-Douglas production function: Y = 60K 1/3L2/3 a. C

4. Consider the following Cobb-Douglas production function: Y = 60K 1/3L2/3 a. Complete the following table, for which you will need a calculator Y- 60KL 64 128 192 16 24 Explain …

4. Consider the following financial data for Xerox Corp. Projected Sales per mon

4. Consider the following financial data for Xerox Corp. Projected Sales per month Selling Price Raw Material Assembly labor 150,000 Units $19.95 per unit S7.50 per unit $6.00 per…

4. Consider the following four cases: a. A man speeds and wipes out a fence of y

4. Consider the following four cases: a. A man speeds and wipes out a fence of yours worth $100. The man gets fined. b. A man steals $100 from your house, is caught, and thrown in…

4. Consider the following situation for Firm A: Firm A is a monopolist and has M

4. Consider the following situation for Firm A: Firm A is a monopolist and has MC=30. Demand for Firm A’s product is given by P = 50 - Q. a) If the monopolist does not price discr…

4. Consider the following two economies, each of which has three people, Je, Wal

4.   Consider the following two economies, each of which has three people, Je, Walter, and Maude. Below is a description of each economy, including the current resources and prefe…

4. Consider the following two games, Game 1 and Game 2, illustrated below: Game

4. Consider the following two games, Game 1 and Game 2, illustrated below: Game 1: Column Left 1,1 0, 1 Right 1,0 4, 4 Top Bottom Row Game 2 Column Right Left 1,1 0, 5 5, 0 Top Bo…

4. Consider the location game (in Chapter 8) with nine pos- sible regions at whi

4. Consider the location game (in Chapter 8) with nine pos- sible regions at which vendors may locate. Suppose that rather than th and inde- pendently, they move sequentially. Fir…

4. Consider the specific (or fixed) factors model of trade. In sector A (for agr

4. Consider the specific (or fixed) factors model of trade. In sector A (for agriculture) nufacturing) capital is the fixed factor. Both sectors use labor which is free to move be…

4. Consider the total cost and total revenues of Hermione\'s Healthy Hamburger H

4.         Consider the total cost and total revenues of Hermione's Healthy Hamburger          Haven (HHHH for short) from making and selling various quantities of             ham…

4. Consider the total cost and total revenues of Hermione\'s Healthy Hamburger H

4. Consider the total cost and total revenues of Hermione's Healthy Hamburger Haven (HHHH for short) from making and selling various quantities of hamburgers. Number of Hamburgers…

4. Consider two Cournot duopolists A and B who faces the demand function, and fo

4. Consider two Cournot duopolists A and B who faces the demand function, and for firm 2 the cost function is (a) (5 points) Write down the best response functions for both firms …

4. Consider two alternative transportation projects for the KW area to improve p

4. Consider two alternative transportation projects for the KW area to improve public transportation and reduce congestion– an expanded bus system and a light rail transit system.…

4. Cost-benefit analysis A local college is deciding whether to conduct a campus

4. Cost-benefit analysis A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeli…

4. Cost-benefit analysis A local college is deciding whether to conduct a campus

4. Cost-benefit analysis A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeli…

4. Cost-benefit analysis A local college is deciding whether to conduct a campus

4. Cost-benefit analysis A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeli…

4. Cost-benefit analysis A local college is deciding whether to conduct a campus

4. Cost-benefit analysis A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeli…

4. Cost-benefit analysis is deciding whether to conduct a campus beautification

4. Cost-benefit analysis is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and A local college remodeli…

4. Countries A and B are engaged in a high stakes game of chicken. Both have two

4. Countries A and B are engaged in a high stakes game of chicken. Both have two pure strategies: act tough or back down. They will make their decisions simultaneously. The payoff…

4. Critical Thinking: Think about this statement from a wheat farmer to the work

4. Critical Thinking: Think about this statement from a wheat farmer to the workers. “The price of wheat is low this year, and the most I can get for the crop is $35,000. If I pay…

4. Decision making at the margin means a. Focusing only upon how to spend money

4. Decision making at the margin means a. Focusing only upon how to spend money b. Considering the choice between a little more of this and a little less of that c. That alternati…

4. Decisions made “at the margin” entail a choice based upon _____________ of a

4. Decisions made “at the margin” entail a choice based upon _____________ of a decision. a. the additional benefits b. the total costs c. comparing the total benefits and costs d…

4. Define the following concepts. a. opportunity cost f. economic profit b. norm

4. Define the following concepts.      a. opportunity cost                                                                     f. economic profit      b. normative economics g. pr…

4. Demand function is given as: Qd = 100/P Where: Qd = quantity demanded in unit

4. Demand function is given as: Qd = 100/P Where: Qd = quantity demanded in units/month P = price in dollars/unit a. Does this demand function have constant price elasticity? If s…

4. Demand shifters Aa Aa The following graph shows the market demand for new hom

4. Demand shifters Aa Aa The following graph shows the market demand for new homes in a local community. Suppose that the town recently made it onto the "top places to live" categ…

4. Demand shocks Aa Aa E The following graph shows the economy in long-run equil

4. Demand shocks Aa Aa E The following graph shows the economy in long-run equilibrium at a price level of 120 and potential output of $300 billion. Suppose the Fed decreases the …

4. Determinants of aggregate demand The following graph shows a decrease in aggr

4. Determinants of aggregate demand The following graph shows a decrease in aggregate demand (AD) in a hypothetical country. Specifically, aggregate demand shifts to the left from…

4. Determinants of demand Aa Aa The following calculator shows the demand for se

4. Determinants of demand Aa Aa The following calculator shows the demand for sedans (for example, Toyota Camrys or Honda Accords) in New York City. For simplicity, we'll assume t…

4. Determining the optimal capital structure Understanding the optimal capital s

4. Determining the optimal capital structure Understanding the optimal capital structure capital structure. Universal Exports Inc. has gathered the following financial information…

4. Diagram 4 depicts a different price ceiling set by the regulators for the mon

4. Diagram 4 depicts a different price ceiling set by the regulators for the monopoly in Question 2. Answer each of the following with complete explanations:           a. What is …