Economics

5. Real options Aa Aa Carlos and Beth are going to see a play this weekend and w

5. Real options Aa Aa Carlos and Beth are going to see a play this weekend and want to buy tickets before they sell out. They want to go the same night that their friends are goin…

5. Real versus nominal GDP Consider a simple economy that produces two goods: ap

5. Real versus nominal GDP Consider a simple economy that produces two goods: apples and erasers. The following table shows the prices and quantities of the goods over a three-yea…

5. Real versus nominal GDP Consider a simple economy that produces two goods: cu

5. Real versus nominal GDP Consider a simple economy that produces two goods: cupcakes and envelopes. The following table shows the prices and quantities of the goods over a three…

5. Real versus nominal GDP Consider a simple economy that produces two goods: cu

5. Real versus nominal GDP Consider a simple economy that produces two goods: cupcakes and oranges. The following table shows the prices and quantities of the goods over a three-y…

5. Real versus nominal GDP Consider a simple economy that produces two goods: pe

5. Real versus nominal GDP Consider a simple economy that produces two goods: pencils and muffins. The following table shows the prices and quantities of the goods over a three-ye…

5. Redistributive philosophies and incentives Consider a society comprised of tw

5. Redistributive philosophies and incentives Consider a society comprised of two people. Yakov earns an income of $90,000 per year and Ana earns an income of $35,000 per year. Th…

5. Redistributive philosophies and incentives Consider a society comprised of tw

5. Redistributive philosophies and incentives Consider a society comprised of two people. Kevin earns an income of $85,000 per year and Maria earns an income of $25,000 per year. …

5. Redistributive philosophies and incentives Consider a society comprised of tw

5. Redistributive philosophies and incentives Consider a society comprised of two people. Hubert earns an income of $85,000 per year and Kate earns an income of $25,000 per year. …

5. Refer to the accompanying table for Waxwania. Government Expenditures,G $160

5. Refer to the accompanying table for Waxwania. Government Expenditures,G $160 160 160 160 160 Tax Real GDP $500 600 700 800 900 evenues, T 100 120 140 160 180 a. Given the table…

5. Refer to the information provided in the figure below, which shows the cost a

5. Refer to the information provided in the figure below, which shows the cost and demand (6 points) curves for a single-price monopolist, to answer the questions that follow 10 M…

5. Referring to the figure US Macroeconomic Equilibrium : Which of the following

5. Referring to the figure US Macroeconomic Equilibrium: Which of the following order of equilibrium points best represent how a contractionary fiscal policy is used in order to r…

5. Regulating a natural monopoly Aa Aa Consider the local cable company, a natur

5. Regulating a natural monopoly Aa Aa Consider the local cable company, a natural monopoly. The following graph shows the demand curve for cable services, the company's marginal …

5. Saving and net flows of capital and goods In a closed economy, saving and inv

5. Saving and net flows of capital and goods In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem, you w…

5. Scenario: Two rival firms are considering sponsoring an event. Each firm beli

5. Scenario: Two rival firms are considering sponsoring an event. Each firm believes that sponsoring the event will increase its sales by a certain percentage. The payoff matrix s…

5. Sheila and Bruce are having a party. Sheila has brought with her 18 cans of b

5. Sheila and Bruce are having a party. Sheila has brought with her 18 cans of beer (x) and 12 bags of nuts (y). Bruce has brought 10 cans of beer and 20 bags of nuts. Sheila and …

5. Short-run supply and long-run equilibrium Consider the competitive market for

5. Short-run supply and long-run equilibrium Consider the competitive market for steel. Assume that, regardless of how many firms are in the industry, every firm in the industry i…

5. Solving for dominant strategles and the Nash equilibrlum As Aa Suppose Jim an

5. Solving for dominant strategles and the Nash equilibrlum As Aa Suppose Jim and Susan are playing a game in which both must simultaneously choose the strategy Heads or Talils. T…

5. State another way in this model equilbrium occurs if: a. ae are greater than

5. State another way in this model equilbrium occurs if: a. ae are greater than GDP b. ae are less than GDP c. there is no unplanned inventory depletion or accumulation d. consump…

5. Steady state in the Solow model implies that a. aggregate output is not growi

5. Steady state in the Solow model implies that a. aggregate output is not growing. b. capital is not growing. c. labor is not growing. d. output per effective worker is not growi…

5. Stock R has a beta of 1.5, stock S has a beta of 0.75, the required return on

5. Stock R has a beta of 1.5, stock S has a beta of 0.75, the required return on an average stock is 13%, and the risk free rate of return is 7%. By how much does the required ret…

5. Supply: Basic concepts Complete the following table by selecting the term tha

5. Supply: Basic concepts Complete the following table by selecting the term that matches each definition Quantity Supply Supply Law of Supplied Curve Schedule Supply Definition A…

5. Suppose a chemical factory discharges waste products into a river resulting i

5. Suppose a chemical factory discharges waste products into a river resulting in significant damages to a local fishery. The marginal damage to the fishery (measured in terms of …

5. Suppose a company has a monopoly on a game called Monopoly and faces a demand

5. Suppose a company has a monopoly on a game called Monopoly and faces a demand curve given by QT = 100??P and a marginal revenue function given by MR = 100 ?? 2QT where QT equal…

5. Suppose after a 3% decrease in the price of a good, the quantity demanded for

5.   Suppose after a 3% decrease in the price of a good, the quantity demanded for the good increases by 2%. Then which of the following is true? A.  The price elasticity of deman…

5. Suppose an accounting firm has revenues of $60,000. Below is a list of costs

5. Suppose an accounting firm has revenues of $60,000. Below is a list of costs that firm incurred. (These are ALL costs.) 1. Raw materials $20,000 2. Rent that could have been ea…

5. Suppose that Bridget and Erin spend their incomes on two goods, food (F) and

5. Suppose that Bridget and Erin spend their incomes on two goods, food (F) and clothing (C). Bridget’s preferences are represented by the utility function U(F,C) = 10FC, while Er…

5. Suppose that a country has no public debt in year 1 but experiences a budget

5. Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget deficit of $20 billion in year 3, a budget surplus of $1…

5. Suppose that a typical basket of goods costs 400 pesos in Mexico and 25 pound

5. Suppose that a typical basket of goods costs 400 pesos in Mexico and 25 pounds in Britain and that the market exchange rate is 25 pesos per pound. Using purchasing power parity…

5. Suppose that an economy’s production function is cobb-douglass with CRS(Y=AK^

5. Suppose that an economy’s production function is cobb-douglass with CRS(Y=AK^ * L^1- ) and =.3 a. What fractions of income do capital and labor receive? b. Suppose that labor f…

5. Suppose that government cuts personal tax rates (but it does not cut governme

5. Suppose that government cuts personal tax rates (but it does not cut government spending). On the AD & AS model, this will cause a) The AS curve to shift right b) The AS cu…

5. Suppose that money demand depends on disposable income, so that the equation

5. Suppose that money demand depends on disposable income, so that the equation for the money market becomes M/ P = L( r, Y - T). Analyze the short- run impact of a tax cut in a s…

5. Suppose that real GDP is currently $17.1 trillion, potential GDP is $17.4 tri

5. Suppose that real GDP is currently $17.1 trillion, potential GDP is $17.4 trillion, the government purchases multiplier is 2, and the tax multiplier is-1.6. .Holding other fact…

5. Suppose that the major television producers collude and form a television car

5. Suppose that the major television producers collude and form a television cartel. Cartels are typically short-lived and subject to cheating because: A) the U.S. Justice Departm…

5. Suppose that the market for painting services is perfectly competitive. Paint

5. Suppose that the market for painting services is perfectly competitive. Painting companies are identical; their long-run cost functions are given by TCC)603 a) Find the long-ru…

5. Suppose that the nominal exchange rate between the U.S. dollar and the Mexica

5. Suppose that the nominal exchange rate between the U.S. dollar and the Mexican peso is 0.10 dollars per peso. If Mexico's inflation is 10 percent and the United States' inflati…

5. Suppose that this year the money supply is $500 billion, nominal GDP is $10 t

5. Suppose that this year the money supply is $500 billion, nominal GDP is $10 trillion, and Real GDP is $5trillion. All underlying work must be shown to receive full credit      …

5. Suppose that you believe the fundamental value of Wal-Grey stock is about to

5. Suppose that you believe the fundamental value of Wal-Grey stock is about to rise from $50 to $100 because of its new management team. You have $20,000 that you can risk in the…

5. Suppose the Government of Georgia determines that a reduction in overall gaso

5. Suppose the Government of Georgia determines that a reduction in overall gasoline consumption is desirable, for both environmental and energy-conservation reasons. One method o…

5. Suppose the demand and supply curves for a product are given by QD = 500 2P Q

5. Suppose the demand and supply curves for a product are given by QD = 500 2P QS = 100 + 3P a. Graph the supply and demand curves. b. Find the equilibrium price and quantity. c. …

5. Suppose the following wage regression is run on a sample of black and Hispani

5.         Suppose the following wage regression is run on a sample of black and Hispanic workers (whites are not included in the data set or in the wage regression): Wage = b0 + …

5. Suppose the following wage regression is run where the results are presented

5.         Suppose the following wage regression is run where the results are presented in a table below: Wage = b0 + b1*Male + b2*Age + b3*Grade + b4*Married + b5*Experience wher…

5. Suppose the gross population density function for an urban area is estimated

5. Suppose the gross population density function for an urban area is estimated to be: D(x) = 7500*e^(-0.2x), where e is the base of the natural logarithms and x is distance to do…

5. Suppose the quantity of good X demanded by individual 1 is given by X1 = 10 ?

5. Suppose the quantity of good X demanded by individual 1 is given by X1 = 10 ?? 2PX + 0:01I1 + 0:4PY and the quantity of X demanded by individual 2 is X2 = 5 ?? PX + 0:02I2 + 0:…

5. Suppose we have monthly data on the CPI and quarterly data on the GDP. We hav

5. Suppose we have monthly data on the CPI and quarterly data on the GDP. We have information only on the first two periods. We are given that the CPI increased by 0.5% from Janua…

5. Suppose you are a manager of a firm that produces products X, Y and Z. You kn

5. Suppose you are a manager of a firm that produces products X, Y and Z. You know that there are two different types of consumers, type 1 and type 2, who value your products diff…

5. Susie is at the grocery store buying milk. She has a choice between milk from

5. Susie is at the grocery store buying milk. She has a choice between milk from Dairy A or milk from Dairy B. She doesn’t actually care at all which dairy her milk comes from. (a…

5. Taxes and the impact on relative price In her school\'s food court, Sandi not

5. Taxes and the impact on relative price In her school's food court, Sandi notices that a cup of yogurt costs $3.00 and a bag of chips costs $2.00. Since Sandi just finished stud…

5. Terms of trade Dismiss All Please Wait . . . Please Wait... Suppose that Spai

5. Terms of trade Dismiss All Please Wait . . . Please Wait... Suppose that Spain and Sweden both produce jeans and cheese. Spain's opportunity cost of producing a pound of cheese…

5. Terms of trade Suppose that France and Denmark both produce oil and wine. Fra

5. Terms of trade Suppose that France and Denmark both produce oil and wine. France's opportunity cost of producing a bottle of wine is 5 barrels of oil while Denmark's opportunit…

5. Text ch 4 Prob 17 adapted. The demand curve for product “a” is given as Q = 2

5. Text ch 4 Prob 17 adapted. The demand curve for product “a” is given as Q = 2000 -20P and the price is currently P = $70. How many units will be sold at $70? At $80? What is th…