Economics

4. Sam and Billy are two young men both interested in dating the fair Courtney w

4. Sam and Billy are two young men both interested in dating the fair Courtney who lives in her own apartment. They are the last two people at a party she has hosted, and they eac…

4. Sam and Billy are two young men both interested in dating the fair Courtney w

4. Sam and Billy are two young men both interested in dating the fair Courtney who lives in her own apartment. They are the last two people at a party she has hosted, and they eac…

4. Say we have a utility function u(x) = rc;for a e (0, 1). (a) Construct the Ma

4. Say we have a utility function u(x) = rc;for a e (0, 1). (a) Construct the Marginal rate of substitution. (b) Discuss how the Marginal rate of substitute in related to the slop…

4. Sectoral shifts, frictional unemployment, and job searches Suppose the world

4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas wil…

4. Sectoral shifts, frictional unemployment, and job searches Suppose the world

4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvani…

4. Sectoral shifts, frictional unemployment, and job searches The Suppose the wo

4. Sectoral shifts, frictional unemployment, and job searches The Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsyl…

4. See if you can come up with any examples from your experience in which you be

4. See if you can come up with any examples from your experience in which you believe "styling" has gotten in the way of function or, at the very least, seems to have been done fo…

4. Select the best answer The real variables __________. a.These are those that

4. Select the best answer The real variables __________. a.These are those that determine the cost of living. b.They are those that determine economic welfare. c.Include variables…

4. Shoes For Less (SFL) hires you to determine the demand for their shoes, and y

4. Shoes For Less (SFL) hires you to determine the demand for their shoes, and you estimate this to be: Qd = 32,000 - 1200P + 600Pc + 1.2Y + 0.06A where the independent variables …

4. Solve the following problem that we discussed in class from the chapter on Ec

4. Solve the following problem that we discussed in class from the chapter on Economic Growth: Assume the following problem is based on 2013 economic data for the following countr…

4. Solve the following problems. Please leave your footprints. (a) Over the year

4. Solve the following problems. Please leave your footprints. (a) Over the year, the Bank of Korea increased its foreign exchange reserves by 5 billion dollars. What would be Kor…

4. Something is a normal good if the demand for that good: A. shifts right as th

4. Something is a normal good if the demand for that good: A. shifts right as the consumer's income decreases B. shifts left as the consumer's income decreases. C. decreases if th…

4. Special-interest groups, lobbying, and rent-seeking behavior The following gr

4. Special-interest groups, lobbying, and rent-seeking behavior The following graph shows the market for orange juice. Use the graph input tool to help you answer the following qu…

4. Specializa Aplia App rade When a country has a comparative advantage in the p

4. Specializa Aplia App rade When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its tr…

4. Specialization and trade Dismiss All Please Wait . . . Please Wait... When a

4. Specialization and trade Dismiss All Please Wait . . . Please Wait... When a country has a comparative advantage in the production of a good, it means that it can produce this …

4. Suppose Eddie\'s demand curve for text messages is T=150-500Pt, where T stand

4. Suppose Eddie's demand curve for text messages is T=150-500Pt, where T stands for the number of text messages and Pt represents the price of text messages. What is Eddie's cons…

4. Suppose Eddie\'s demand curve for text messages is T=150-500Pt, where T stand

4. Suppose Eddie's demand curve for text messages is T=150-500Pt, where T stands for the number of text messages and Pt represents the price of text messages. What is Eddie's cons…

4. Suppose Eddie\'s demand curve for text messages is T=150-500Pt, where T stand

4. Suppose Eddie's demand curve for text messages is T=150-500Pt, where T stands for the number of text messages and Pt represents the price of text messages. What is Eddie's cons…

4. Suppose a competitive firm produces spaghetti dinners. The market price of a

4. Suppose a competitive firm produces spaghetti dinners. The market price of a spaghetti dinner is $20. The cost of making the dinners is given by C(Q) = 10Q + (Q2/160). The marg…

4. Suppose a competitive firm produces spaghetti dinners. The market price of a

4. Suppose a competitive firm produces spaghetti dinners. The market price of a spaghetti dinner is $20. The cost of making the dinners is given by C(Q) = 10Q + (Q2/160). The marg…

4. Suppose a monopolist faces the following demand curve: P = 596 – 6Q. Marginal

4. Suppose a monopolist faces the following demand curve: P = 596 – 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. a) What is the mono…

4. Suppose a monopolist faces the following demand curve: P = 596 – 6Q. Marginal

4. Suppose a monopolist faces the following demand curve: P = 596 – 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. a) (8 points) What …

4. Suppose angioplasty (AGP) and coronary artery bypass graft surgery (CABG) are

4. Suppose angioplasty (AGP) and coronary artery bypass graft surgery (CABG) are substitute treatments for coronary artery disease. What will happen in the market for AGP procedur…

4. Suppose that BMW can produce any quantity of cars at a constant marginal cost

4. Suppose that BMW can produce any quantity of cars at a constant marginal cost equal to $20,000 and a fixed cost of $10 billion. You are asked to advise the CEO as to what price…

4. Suppose that Clint works 8 hours a day for a wage of $15/hour. His utility fu

4. Suppose that Clint works 8 hours a day for a wage of $15/hour. His utility function is given by U(c,w of Clint's wealth currently comes from his working wage. What is the minim…

4. Suppose that South Africa is trying to find the efficient amount of coal to e

4. Suppose that South Africa is trying to find the efficient amount of coal to extract, which is a depletable resource. There are two periods and the inverse demand function is P …

4. Suppose that given your extensive knowledge of Microeconomics, Amy recommends

4. Suppose that given your extensive knowledge of Microeconomics, Amy recommends you to her friend Rachel Ray to study the market of mini pies. She wants to open a shop to sell mi…

4. Suppose that in a given country, the price level over several years looks lik

4. Suppose that in a given country, the price level over several years looks like this. (12 points) Price Index 2011 220 2012 242 2013 254 2014 264 (a) What were the inflation rat…

4. Suppose that the U.S. net foreign debt (liabilities less assets) is equal to

4. Suppose that the U.S. net foreign debt (liabilities less assets) is equal to 25 per cent of the country’s GNP and that foreign assets and liabilities pay an interest rate of 5 …

4. Suppose that the demand for bentonite is given by Q = 40-0.5P, where Q is in

4. Suppose that the demand for bentonite is given by Q = 40-0.5P, where Q is in tons of bentonite per day and P is the price per ton. Bentonite is produced by a monopolist at a co…

4. Suppose that the inflation rate rises.If the Federal Reserve wants to reduce

4.   Suppose that the inflation rate rises.If the Federal Reserve wants to reduce investment to slow the rateof growth in the economy, it is not enough to raise the nominalinteres…

4. Suppose that there is a closed economy with 1= 1 00 A. Calculate the governme

4. Suppose that there is a closed economy with 1= 1 00 A. Calculate the government expenditure multiplier. C-300+0.8Y G-200 B. What is the equilibrium level of output? C. At the e…

4. Suppose that this year the money supply is $ 400 billion, nominal GDP is $12

4. Suppose that this year the money supply is $ 400 billion, nominal GDP is $12 trillion, and Real GDP is $ 6 trillion. Assume that that velocity of money is constant and the econ…

4. Suppose the following table reflects the domestic supply and demand for 4GB f

4. Suppose the following table reflects the domestic supply and demand for 4GB flash drives: Price ($): 15,13,11,9,7,5,3,1 Quantity Supplied (000’s): 8,7,6,5,4,3,2,1 Quantity Dema…

4. Suppose the graph below represents my demand curve for cups of coffee per wee

4. Suppose the graph below represents my demand curve for cups of coffee per week. 4 0 Quantity of cups of coffee purchased per week (a) Given this graph: If I have consumed one c…

4. Suppose the own price elasticity of demand for good X is -2, its income elast

4. Suppose the own price elasticity of demand for good X is -2, its income elasticity is 3, its advertising elasticity is 4, and the cross-price elasticity of demand between it an…

4. Suppose you have just paid a nonrefundable fee on $1000 for your meal plan fo

4. Suppose you have just paid a nonrefundable fee on $1000 for your meal plan for this academic term. This allows you to eat dinner in the cafeteria every evening. a. You are offe…

4. Suppose you own a taxi company in New York City. Assume further the taxi indu

4. Suppose you own a taxi company in New York City. Assume further the taxi industry in Further, the cost structure NYC is described by a perfectly competitive market structure. y…

4. TP L = - L 3 + 8 L 2 + 187 L MP L = - 3 L 2 + 16 L +187 How many units of lab

4. TPL= - L3+ 8 L2+ 187 L      MPL= - 3 L2+ 16 L +187 How many units of labor (L*) or the number of laborers should the firm hire to maximize output (TPL) What is the total amount…

4. Technology Maturation. Green Futures operates a solar panel power generation

4. Technology Maturation. Green Futures operates a solar panel power generation facility in Scottsboro, Alabama. The current field generates 12 million kilowatt-hours per year, bu…

4. The Chocoholic Company produces chocolate cakes, selling its product in a per

4. The Chocoholic Company produces chocolate cakes, selling its product in a perfectly- competitive market. The market price (P) for a chocolate cake is $4. The table below shows …

4. The Federal Reserve chair always looks at the employment number before alteri

4. The Federal Reserve chair always looks at the employment number before altering the federal funds rate. Raising the federal funds rate is equivalent to raising the price of cap…

4. The Laffer curve Governments often place so-called sin taxes on goods or serv

4. The Laffer curve Governments often place so-called sin taxes on goods or services such as cigarettes, alcohol, and pornography. These kinds of taxes are popular with politician…

4. The Law and Difficult Situations Answer 3 of the six parts of the question. S

4. The Law and Difficult Situations Answer 3 of the six parts of the question. Since there are no right answers to this question, the question will be graded according to the qual…

4. The Murphy County Fire Department is consider-ing two options for upgrading i

4. The Murphy County Fire Department is consider-ing two options for upgrading its aging ions on Alameda Avenue and 0 physical fa- cilities. Plan A involves remodeling the fire st…

4. The U.S. Welfare State Programs -1 Aa Aa Which of the following most accurate

4. The U.S. Welfare State Programs -1 Aa Aa Which of the following most accurately describes a non-means-tested program? O A program that guarantees retirement income to older Ame…

4. The average gasoline price of one of the major oil companies in Europe has be

4. The average gasoline price of one of the major oil companies in Europe has been $1.25 per liter. Recently, the company has undertaken several efficiency measures in order to re…

4. The bank rate and the overnight rate The bank rate is the interest rate on lo

4. The bank rate and the overnight rate The bank rate is the interest rate on loans that the Bank of Canada makes to banks. Banks occasionally borrow from the Bank of Canada when …

4. The catch-up effect Consider the economies of Hermes and Gribinez, both of wh

4. The catch-up effect Consider the economies of Hermes and Gribinez, both of which produce gaggles of gop using only tools and workers. Suppose that, during the course of 20 year…

4. The catch-up effect Consider the economies of Sporon and Tralfamadore, both o

4. The catch-up effect Consider the economies of Sporon and Tralfamadore, both of which produce glops of gloop using only tools and workers. Suppose that, during the course of 50 …