Economics

6) The total product curve shows the relationship between total product (output)

6) The total product curve shows the relationship between total product (output) and cost curve shows the relationship between total cost and A) the quantity of labour, the quanti…

6) Those who advocate that the Fed target monetary aggregates, usually argue tha

6) Those who advocate that the Fed target monetary aggregates, usually argue that the Fed should not alter its monetary targets in response to temporary changes in macroeconomic c…

6) Those who advocate that the Fed target monetary aggregates, usually argue tha

6) Those who advocate that the Fed target monetary aggregates, usually argue that the Fed should not alter its monetary targets in response to temporary changes in macroeconomic c…

6) Tradable allowances: A) are typically hard to pass through the Environmental

6) Tradable allowances: A) are typically hard to pass through the Environmental Protection Agency (EPA) since they allow firms to legally pollute. B) decrease the profitability of…

6) Two incinerators are being considered by a waste management company. Design A

6) Two incinerators are being considered by a waste management company. Design A has an initial cost of $2,325,000, has annual operating and maintenance costs of $800,000, and req…

6) When the price of oranges increases, A) the supply of oranges decreases. B) t

6) When the price of oranges increases, A) the supply of oranges decreases. B) the quantity of oranges demanded increases. C) the quantity of oranges supplied increases. D) the su…

6) When we put a price tag on goods and services, we are using money as a A) sto

6) When we put a price tag on goods and services, we are using money as a A) store of value. B) medium of exchange. C) barter token. D) unit of account. E means of payment 7 When …

6) Which best describes Consumer Surplus? ( CLO: AR1) a. The price consumers are

6) Which best describes Consumer Surplus? ( CLO: AR1) a. The price consumers are willing to pay for a unit b. The difference between the price a consumer pays for an item and the …

6) Which of the following fiscal policy changes would have a larger overall nega

6) Which of the following fiscal policy changes would have a larger overall negative impact on AD and RGDP? Explain your answer in a paragraph or two with credible logics and anal…

6) Which of the following is an example of an investment? 1) A firm builds a new

6) Which of the following is an example of an investment? 1) A firm builds a new plant 2) A student attends college 3) The government builds a dam to have a source of hydroelectri…

6) Which of the following is found ONLY in oligopoly? A) One firm\'s actions aff

6) Which of the following is found ONLY in oligopoly? A) One firm's actions affect another firm's profit. B) Sellers face a downward-sloping demand curve for their product. C) The…

6) You are tasked with allocating funds towards malaria eradication for the Worl

6) You are tasked with allocating funds towards malaria eradication for the World Health Organization for the next year. Your colleague recommends that spending on bed nets be a l…

6)According to the concept of decisions are made solely on the basis of their ou

6)According to the concept of decisions are made solely on the basis of their outcomes, 6) ideally to provide the greatest good for the greatest number A) halo effect B) contrast …

6)Name one factor that has caused a shift in the demand curve for American autom

6)Name one factor that has caused a shift in the demand curve for American automobile workers 30 years ago and explain which way this has caused the demand curve to shift (increas…

6)Which of the following is false? The U.S. has not had a depression since the 1

6)Which of the following is false? The U.S. has not had a depression since the 1930s. The U.S. has had a great deal of stagflation in the 1970s. The U.S. has had twelve recessions…

6- A rightward shift of a demand curve is called a(n): Question 16 options: a- i

6- A rightward shift of a demand curve is called a(n): Question 16 options: a- increase in demand. b- decrease in demand. c- increase in quantity demanded. d- decrease in quantity…

6- If a percentage decrease in money supply is followed by a proportional percen

6- If a percentage decrease in money supply is followed by a proportional percentage decrease in prices and output, this means that: a. the velocity of money is constant. b. the e…

6- If demand is price elastic, a decrease in price causes: Question 6 options: a

6- If demand is price elastic, a decrease in price causes: Question 6 options: a- an increase in total revenue. b- a decrease in total revenue. c- no change in total revenue. d- a…

6-) Identify a feature, an advantage, and a benefit for each of the following pr

6-) Identify a feature, an advantage, and a benefit for each of the following products: a camera, a backpack, fat-free ice cream, lawn care service. 7-) What are the advantages an…

6-10: An electronics firm invested S60,000 in a precision inspection device. It

6-10: An electronics firm invested S60,000 in a precision inspection device. It cost $4000 to operate and maintain in the first year and S3000 in each of the subsequent years. At …

6-23. Environmentally conscious companies looking for ways to be less damaging t

6-23. Environmentally conscious companies looking for ways to be less damaging to the environment while saving money with innovative in- vestments in capital equipment. DuPont is …

6-29. Two electric motors are being considered to drive a centrifugal pump. One

6-29. Two electric motors are being considered to drive a centrifugal pump. One of the motors delivering 60 horsepower (output) to the pumping operation. It is expected that the m…

6-41: The town of Dry Gulch needs more water from Pine Creek. The town engineer

6-41: The town of Dry Gulch needs more water from Pine Creek. The town engineer has selected two plans for comparison: a gravity plan (divert water at a point 10 miles up Pine Cre…

6-45: Bill Anderson buys a car every 2 years as follows: initially he makes a do

6-45: Bill Anderson buys a car every 2 years as follows: initially he makes a down payment of $6,000 on a $15,000 car. The balance is paid in 24 equal monthly payments with annual…

6-If a price of a textbook rises and then students purchase fewer economic model

6-If a price of a textbook rises and then students purchase fewer economic model can show a cause-and-effect relationship only if which of the following conditions hold: Question …

6-Opportunity cost is: a.The variable cost a firm incurs by increasing output on

6-Opportunity cost is: a.The variable cost a firm incurs by increasing output one unit. b.The value of the best alternative use of a firm’s resources. c.The output opportunities a…

6. (1.1 pt) Consider the total cost and total revenue given in the following tab

6. (1.1 pt) Consider the total cost and total revenue given in the following table: Output Total Costs Marginal   Costs Total Revenue Marginal Revenue 0     $8     $0 1 $9     $8 …

6. (12 pts.) The last two Presidents from the Republican Party to serve two term

6. (12 pts.) The last two Presidents from the Republican Party to serve two terms in office were Ronald Reagan and George W. Bush. Ronald Reagan was President from January 1981 Ja…

6. (14 points total) One of the businesses in Smalltown, IN is Debbie’s Greenhou

6. (14 points total) One of the businesses in Smalltown, IN is Debbie’s Greenhouse specializing in growing irises and tulips. Debbie sells them to flower shops all across Indiana.…

6. (20 points) The following model is a simplified version of the multiple regre

6. (20 points) The following model is a simplified version of the multiple regression model used by Biddle and Hamermesh (1990) to study the tradeoff between time spent sleeping a…

6. (5 points) Country real GDP per real GDP per Average capita 1970capita 7616.8

6. (5 points) Country real GDP per real GDP per Average capita 1970capita 7616.80 1480.77 17726.41 360.63 Years to dou- ble growth 12340.33 1748.11 37103.56 7129.56 1283.67 33705.…

6. (First-Best Allocation) Consider an exchange economy with two consumers (1 an

6. (First-Best Allocation) Consider an exchange economy with two consumers (1 and 2) and two /4 goods (A and B). The preference of both consumers are given as ul(ZIA 2:18) = Z143 …

6. (Mishkin 17.18) If the Fed lends five banks a total of $100 million but depos

6. (Mishkin 17.18) If the Fed lends five banks a total of $100 million but depositors withdraw $50 million and hold it as currency, what happens to reserves and the monetary base?…

6. (Points: 2) Which of the following is a likely reason for a country toremain

6. (Points: 2) Which of the following is a likely reason for a country toremain less-developed a. the country has few naturalresources b. thecountry has limited human capital c. t…

6. (Points: 2) Which of the following statements is false? a. In the long run, t

6. (Points: 2) Which of the following statements is false? a. In the long run, there are no fixedcosts. b. Marginal cost isindependent of fixed costs. c. Economies of scale is ash…

6. (Requires calculus.) A monopolist produces a product whose demand price and p

6. (Requires calculus.) A monopolist produces a product whose demand price and production costs vary with quality s and quantity q according to P(s, q) = s(1 q) C(s, q) = s2q. (a)…

6. (TCO 3) characteristics of the job market and employment placement include al

6. (TCO 3) characteristics of the job market and employment placement include all the following except (points 5) its very stable unbalanced supply and demand career portals on co…

6. (a) Consider the following consumption function tested for the U.K. economy u

6. (a) Consider the following consumption function tested for the U.K. economy using quarterly data over the period 195501-19870: c, = 1.78 + 0.8 l y, + 0.023s + 0.03%; + 0.077s, …

6. -6 points My Notes Ask Your Teacher A company has a fixed cost of 30,000 and

6. -6 points My Notes Ask Your Teacher A company has a fixed cost of 30,000 and a production cost of $8 for each disposable camera it manufactures. A unit sells for $12. (a) What …

6. A Burger King franchise owner notes that the sales per store has fallen below

6. A Burger King franchise owner notes that the sales per store has fallen below the stated national Burger King outlet average of $1,258,000. He asserts a change has occurred tha…

6. A compamy is considering buying a computer: ComputerA $3,900 $1,800 Initial c

6. A compamy is considering buying a computer: ComputerA $3,900 $1,800 Initial co Salvage value Useful lif Annual maintenance $ 390 0 years 6% Interest ate MUST ANSWER ALL OF THE …

6. A drug is injected into a patient\'s blood stream. The concentration of the d

6. A drug is injected into a patient's blood stream. The concentration of the drug in the blood stream t hours after the drug is injected is modeled by the formula C(t) 0.12t t2+t…

6. A firm divides its market into two submarkets to practice price discriminatio

6. A firm divides its market into two submarkets to practice price discrimination. The elasticity of demand (measured in absolute value) in market A is smaller than the elasticity…

6. A firm in a competitive market is a price taker (recall that this is true for

6. A firm in a competitive market is a price taker (recall that this is true for every firm and every customer in a perfectly competitive market). For this example, the market equ…

6. A firm operates with a technology that is characterized by a diminishing marg

6. A firm operates with a technology that is characterized by a diminishing marginal rate of technical substitution of labor for capital. It is currently producing 32 units of out…

6. A firm reports net sales equal $985,250; gross profit equals $652,475, intere

6. A firm reports net sales equal $985,250; gross profit equals $652,475, interest addition to retained eamings equal $132,500; dividends paid to preferred and common stockholders…

6. A firm, which is operating in the conditions of perfect competition, produces

6. A firm, which is operating in the conditions of perfect competition, produces good Y. The production function of this firm is y(x) = 16 x1/2 , where y denotes the quantity of o…

6. A firm\'s supply curve is equal to its marginal cost curve in the short-run A

6. A firm's supply curve is equal to its marginal cost curve in the short-run A. This is true across all quantities B. This is true depending on the average fixed cost curve C. Th…

6. A firm\'s supply curve is equal to its marginal cost curve in the short-run.

6. A firm's supply curve is equal to its marginal cost curve in the short-run. A. This is true across all quantities B. This is true depending on the average fixed cost curve C. T…

6. A lake has three commercial resorts along with a public access area. All user

6. A lake has three commercial resorts along with a public access area. All users of the lake benefit from improvements to water quality of the lake (still polluted from earlier i…