Economics

A and B are painters and have the exact same cost structures except that A paint

A and B are painters and have the exact same cost structures except that A paints in a house he owns but that he could rent out for $4,000/year, while B paints in a house that he …

A backward-bending labor supply curve implies that a) workers are irrational. b)

A backward-bending labor supply curve implies that a) workers are irrational. b) leisure is an inferior good. c) the substitution effect dominates the income effect atlower wage r…

A bakery is a monopolist in a certain village. For simplicity suppose the bakery

A bakery is a monopolist in a certain village. For simplicity suppose the bakery has only one product. A croissant. Further suppose there are only two customers. Angel and Belen. …

A bakery is a monopolist in a certain village. For simplicity suppose the bakery

A bakery is a monopolist in a certain village. For simplicity suppose the bakery has only one product. A croissant. Further suppose there are only two customers. Angel and Belen. …

A bakery produces bread. The production function of bread is q(e)=24e, where is

A bakery produces bread. The production function of bread is q(e)=24e, where is e is the baker’s effort. The baker can sell each loaf of bread (i.e. each q) for 2. Baking bread cr…

A balanced budget amendment From time to time it has been proposed that a law or

A balanced budget amendment From time to time it has been proposed that a law or constitutional amendment be passed that will force the federal government to balance its budget…

A balanced budget amendment From time to time it has been proposed that a law or

A balanced budget amendment From time to time it has been proposed that a law or constitutional amendment be passed that will force the federal government to balance its budget…

A ban has the effect of ____ the ____ for/of the product. Equilibrium price will

A ban has the effect of ____ the ____ for/of the product. Equilibrium price will ____. Answer increasing; demand; increase increasing; supply; decrease decreasing; supply; increas…

A bank account currently pays interest at a rate of 3% per year. The current inf

A bank account currently pays interest at a rate of 3% per year. The current inflation rate is 2% per year. a) (8 points) If I invest some money in the bank account, then what is …

A bank account currently pays interest at a rate of 3% per year. The current inf

A bank account currently pays interest at a rate of 3% per year. The current inflation rate is 2% per year. DO NOT USE EXCEL a) If I invest some money in the bank account, then wh…

A bank agrees to pay an eair interest of 5.25 % annually. Thebank across the str

A bank agrees to pay an eair interest of 5.25 % annually. Thebank across the street agrees to pay 5.15% annually compoundedquarterly. I deposit 10,000 in each bank. When I go back…

A bank borrows money from another bank on an overnight basis to meet reserve req

A bank borrows money from another bank on an overnight basis to meet reserve requirements. This money would be borrowed in the: A) Stock Market B)Bond Market C) Federal Funds Mark…

A bank can issue a $200 loan to a borrower. The buyer can be two different types

A bank can issue a $200 loan to a borrower. The buyer can be two different types, and the bank cannot observe this. If the borrower is type x, she will repay with probability 0.96…

A bank can issue a $200 loan to a borrower. The buyer can be two different types

A bank can issue a $200 loan to a borrower. The buyer can be two different types, and the bank cannot observe this. If the borrower is type x, she will repay with probability 0.96…

A bank currently has $700,000 in deposits, of which $60,000 is in cash in the va

A bank currently has $700,000 in deposits, of which $60,000 is in cash in the vault, $120,000 is on deposit with the Fed, $70,000 is held in government securities, and the rest ha…

A bank currently has $700,000 in deposits, of which $60,000 is in cash in the va

A bank currently has $700,000 in deposits, of which $60,000 is in cash in the vault, $120,000 is on deposit with the Fed, $70,000 is held in government securities, and the rest ha…

A bank has $ 1000 to lend and is choosing whether to lend to a safe borrower or

A bank has $ 1000 to lend and is choosing whether to lend to a safe borrower or a risky borrower. If it lends to the safe borrower, the bank will be paid back the full amount plus…

A bank has $252 million in total reserves, of which $12 million are excess reser

A bank has $252 million in total reserves, of which $12 million are excess reserves. The bank currently has $3.617 billion in loans, $1.032 bilion in securities, and $145 million …

A bank has $260 million in total reserves, of which $11 million are excess reser

A bank has $260 million in total reserves, of which $11 million are excess reserves. The bank currently has $3.582 billion in loans, $0.918 billion in securities, and $136 million…

A bank has $261 million in total reserves, of which $12 million are excess reser

A bank has $261 million in total reserves, of which $12 million are excess reserves. The bank currently has $3.519 billion in loans, $0.938 billion in securities, and $139 million…

A bank has decided to extend a $1 million loan to a commercial client. The bank

A bank has decided to extend a $1 million loan to a commercial client. The bank has a listed prime rate of 7%. The bank has estimated that the marginal cost of raising funds is 4.…

A bank is in the process of renegotiating a loan. The principal outstanding is $

A bank is in the process of renegotiating a loan. The principal outstanding is $50 million and is to be paid back in two installments of $25 million each, plus interest of 8 perce…

A bank is offering to sell certificates of deposit valued at $2,000.00.At the tn

A bank is offering to sell certificates of deposit valued at $2,000.00.At the tnu 01 4 years, the bank will pay $2,860.00 to the certificate owner. Based on a two-month interest p…

A bank recently announced an “instant cash” plan for holders of its bank credit

A bank recently announced an “instant cash” plan for holders of its bank credit cards. A cardholder may receive cash from the bank up to a preset limit of $500. There is a special…

A bank spent several thousand dollars to learn how customers were satisfied with

A bank spent several thousand dollars to learn how customers were satisfied with the readiness of the bank's ATM's. ATM record, up to 4 decimal places, the time they are down. Thi…

A bank with $200 million in transaction deposits keeps $20 million in cash in th

A bank with $200 million in transaction deposits keeps $20 million in cash in the bank vault, $10 million in deposits at the Fed, and $5 million in government securities in the ba…

A banks liabilities are A. Things owned by or owed to the bank B. Included as pa

A banks liabilities are A. Things owned by or owed to the bank B. Included as part of the banks reserves C. A measure of the bank's net losses D. Things the bank owes to someone e…

A bar offers female patrons a lower price for a drink than male patrons. The bar

A bar offers female patrons a lower price for a drink than male patrons. The bar will maximize profits by selling a total of 200 drinks (a night). At the current prices, male cust…

A bar offers female patrons a lower price for a drink than male patrons. The bar

A bar offers female patrons a lower price for a drink than male patrons. The bar will maximize profits by selling a total of 200 drinks (a night). At the current prices, male cust…

A barter system is inefficient for which of the following reason? Because of inf

A barter system is inefficient for which of the following reason? Because of inflation in the money system. Because in hatter transactions the gains from trade for buyers come at …

A base year is a year against which other years are measured. True False The ide

A base year is a year against which other years are measured. True False The idea that total expenditures equal total income earned is illustrated in the circular flow diagram. in…

A baseball manufacturer is currently producing 10,000 baseballs. At this level o

A baseball manufacturer is currently producing 10,000 baseballs. At this level of production, MC is estimated at $2.50 and average cost at $2.00. Baseballs sell for $3.00 at this …

A basic precondition necessary to achieve economic growth is A. well-functioning

A basic precondition necessary to achieve economic growth is A. well-functioning factories. B. a well-organized work force C. a well-functioning legal system. D. a strong cent…

A battery manufacturing plant has been ordered to cease discharging acidic liqui

A battery manufacturing plant has been ordered to cease discharging acidic liquid waste containing mercury into the city sewer system. As a result, the firm must now adjust the pH…

A battery manufacturing plant has been ordered to cease discharging acidic waste

A battery manufacturing plant has been ordered to cease discharging acidic waste liquids containing mercury into the city sewer system. As a result, the firm must now adjust the p…

A beauty contest game, each player (more than 2) simultaneously choose an intege

A beauty contest game, each player (more than 2) simultaneously choose an integer between 0 and 20. Whoever chose the number that is closest to the mean (average) of all players w…

A bee keeper raises bees next to a strawberry farm. The bee keeper sells honey a

A bee keeper raises bees next to a strawberry farm. The bee keeper sells honey at pB=¥100 a liter and has cost function cB=B^2 , where B is the number of liters of honey. The stra…

A beekeeper lives adjacent to an apple orchard. The orchard owner benefits from

A beekeeper lives adjacent to an apple orchard. The orchard owner benefits from the bees because each hive pollinates about one acre of apple trees. The orchard owner pays nothing…

A bicycle repair shop has the cost structure shown in the table below. The firm\

A bicycle repair shop has the cost structure shown in the table below. The firm's fixed costs are $250 per day. Complete the table below by filling in the various cost measures (p…

A bicycle shop finds that the cost of staying open an extra hour is $20 in labor

A bicycle shop finds that the cost of staying open an extra hour is $20 in labor and energy costs and that sales during that hour are $25. Should the shop stay open for the extra …

A bidding game: Consider the following game: Two people are asked to select an i

A bidding game: Consider the following game: Two people are asked to select an integer between 2 and 100 (inclusive). If the two numbers are the same, each receives that dollar am…

A big monkey and a small monkey eat coconuts which dangle high above the ground

A big monkey and a small monkey eat coconuts which dangle high above the ground on a coconut palm. One of them (at least) must climb the tree to shake a coconut fruit down. Then b…

A bilateral monopoly is A. a market in which a firm is the single buyer of input

A bilateral monopoly is A. a market in which a firm is the single buyer of inputs and a monopoly seller of its product. B. a market in which a firm is the single buyer of inputs a…

A bill pending before the Kansas State Legislature would prohibit private compan