Economics
58545 questions • Page 267 / 1171
A famous dictum from economist Adam Smith is that “theextent of the market” limi
A famous dictum from economist Adam Smith is that “theextent of the market” limits thedivision of labor.In the Wealth of Nations, he put it this way (Book 1, Chp. 3): “As it is th…
A farm grows wheat and produces pork. The marginal cost of producing each of the
A farm grows wheat and produces pork. The marginal cost of producing each of these products increases as more is produced. Draw the firm's PPF. Label it PPF1. The farm adopts a ne…
A farm household in rural Mexico consists of five adult brothers and no other de
A farm household in rural Mexico consists of five adult brothers and no other dependents. Total annual income depends on the number of brothers working on the farm through the yea…
A farm owner is considering replacing his obsolete tractor with one of two new s
A farm owner is considering replacing his obsolete tractor with one of two new state-of-the-tractors. This new machine would cost $125,000 and would have a ten-year useful life. U…
A farmer grows wheat, which he sells to a miller for $100. The miller turns the
A farmer grows wheat, which he sells to a miller for $100. The miller turns the wheat into flour, which he sells to a baker for $150. The baker turns the wheat into bread, which h…
A farmer has a given amount of land, denoted by cnax and can allocate it between
A farmer has a given amount of land, denoted by cnax and can allocate it between two crops where & i-1,2, is the amount of land allocated to crop i. The production function fo…
A farmer has the utility function U=C0.5 and faces a choice between planting a r
A farmer has the utility function U=C0.5 and faces a choice between planting a risky high yield variety of maize or planting the traditional variety. The outcomes and probabilitie…
A farmer has the utility function U=C^0.5 and faces a choice between planting a
A farmer has the utility function U=C^0.5 and faces a choice between planting a risky high yield variety of maize or planting the traditional variety. The outcomes and probabiliti…
A farmer has the utility function U=C^0.5 and faces a choice between planting a
A farmer has the utility function U=C^0.5 and faces a choice between planting a risky high yield variety of maize or planting the traditional variety. The outcomes and probabiliti…
A farmer has the utility function U=C^0.5 and faces a choice between planting a
A farmer has the utility function U=C^0.5 and faces a choice between planting a risky high yield variety of maize or planting the traditional variety. The outcomes and probabiliti…
A farmer has the utility function U=C^0.5 and faces a choice between planting a
A farmer has the utility function U=C^0.5 and faces a choice between planting a risky high yield variety of maize or planting the traditional variety. The outcomes and probabiliti…
A farmer has the utility function U=C^0.5 and faces a choice between planting a
A farmer has the utility function U=C^0.5 and faces a choice between planting a risky high yield variety of maize or planting the traditional variety. The outcomes and probabiliti…
A farmer is producing where MC = MR. Say that half of the cost of producing whea
A farmer is producing where MC = MR. Say that half of the cost of producing wheat is the rental cost of land (a fixed cost) and half is the cost of labor and machines (a variable …
A farmer is producing where MC = MR. Say that half of the cost of producing whea
A farmer is producing where MC = MR. Say that half of the cost of producing wheat is the rental cost of land (a fixed cost) and half is the cost of labor and machines (a variable …
A farmer may choose to plant one of the following crops. The profit of the crops
A farmer may choose to plant one of the following crops. The profit of the crops depends on the amount of rainfall according to the following: Rainfall Crop A Crop B Normal 8,968 …
A farmer may choose to plant one of the following crops. The profit of the crops
A farmer may choose to plant one of the following crops. The profit of the crops depends on the amount of rainfall according to the following: Rainfall Crop A Crop B Normal 9,541 …
A farmer needs a worker (called harvest hand) to help her bring in the harvest.
A farmer needs a worker (called harvest hand) to help her bring in the harvest. A great harvest hand adds £5000 to the farmer’s revenue. A good harvest hand adds £4000, a decent h…
A farmer produces goods with the production function x 10e, where e is the amoun
A farmer produces goods with the production function x 10e, where e is the amount of time the farmer works and x is the amount of output. The farmer values goods and finds work on…
A farmer produces wheat. Wheat is a homogeneous product so that the wheat indust
A farmer produces wheat. Wheat is a homogeneous product so that the wheat industry behaves very close to a perfect competitive industry. Now this farmer can sell any wheat he grow…
A farmer uses a piece of land with the following accounting costs to grow a crop
A farmer uses a piece of land with the following accounting costs to grow a crop worth $1800. If a normal rate of return is $100 on such an investment, what will the value of the …
A farming family owns some land. Suppose that in any year the equivalent of two
A farming family owns some land. Suppose that in any year the equivalent of two people are needed to farm each acre of land that they own. The following information is given to yo…
A fashion clothing retail company venturing into online sales for the first time
A fashion clothing retail company venturing into online sales for the first time hopes to increase sales revenues overall, but are also concerned that their online sales maybe at …
A fast food chain is interested in measuring the population variance in the numb
A fast food chain is interested in measuring the population variance in the number of customers it has on a daily basis in all its stores in the U.S. However, it is limited in its…
A fast-food company spends millions of dollars to develop and promote a new hamb
A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won't buy it because they don't like the taste. From …
A father set aside money for his 8 year old daughter\'s future education, by mak
A father set aside money for his 8 year old daughter's future education, by making monthly deposits to bank account that pays 6% per year compounded annually. What equal monthly d…
A father set aside money for his 8 year old daughter\'s future education, by mak
A father set aside money for his 8 year old daughter's future education, by making monthly deposits to bank account that pays 6% per year compounded annually. What equal monthly d…
A father wants to save for his 8-year-old son\'s college expenses. The son will
A father wants to save for his 8-year-old son's college expenses. The son will enter college 10 years from now. An annual amount of $40,000 in today's constant dollars will be req…
A father wants to save for his 8-year-old son\'s college expenses. The son will
A father wants to save for his 8-year-old son's college expenses. The son will enter college 10 years from now. An annual amount of $40,000 in constant dollars will be required in…
A fee schedule based on diagnosis-related groups sets up an incentive to overtre
A fee schedule based on diagnosis-related groups sets up an incentive to overtreat patients by recommending more care than is not desired. try expensive, experimental procedures o…
A few case study questions to the above case. A paragraph on each question would
A few case study questions to the above case. A paragraph on each question would be great 1. Desserts are often very localized in taste. Beyond the United States and Mexico, where…
A few factors that would affect my decision would be if I\'m traveling long dist
A few factors that would affect my decision would be if I'm traveling long distances or short term. What I mean by this is that ifI was driving out of town I would decide to stop …
A few industries in the United States have convinced the political system to all
A few industries in the United States have convinced the political system to allow large firms to work together legally. In particular collegigate and professional sports teams ha…
A few large companies, and a few small companies. The competition still exists a
A few large companies, and a few small companies. The competition still exists amongst these firms in terms of product/ service, etc. What one firm does will impact the others. En…
A few microeconomics questions. 1. All of the following are human capitol EXCEPT
A few microeconomics questions. 1. All of the following are human capitol EXCEPT: A. Working in a factory B. Obtaining a college degree C. Receiving training for another area in a…
A few months from now, Jackson Corporation is planning to borrow $20 million for
A few months from now, Jackson Corporation is planning to borrow $20 million for 8 months (240 days) at the prime interest rate. To hedge their exposure, Jackson and Wells Fargo e…
A few publicly listed home appliance manufacturing companies have the following
A few publicly listed home appliance manufacturing companies have the following beta, debt, and equity: Company Beta Debt Equity Usha 1.4 ? 2,500 ? 3,000 Sumeet 1.2 ? 5 ? 200 Butt…
A few years ago Netflix (N) pioneered an online DVD rental service. Blockbuster
A few years ago Netflix (N) pioneered an online DVD rental service. Blockbuster (B), a brick and mortar DVD/video rental company, waited until Netflix had been in business for ove…
A few years ago in England, two activists were sued by McDonald’s for handing ou
A few years ago in England, two activists were sued by McDonald’s for handing out leaflets accusing the company of paying low wages, cruelty to animals used in its products, and o…
A few years ago we had a speaker on campus who talked about good tactics for can
A few years ago we had a speaker on campus who talked about good tactics for candidates when interviewing for jobs. A young man had a question for the speaker. He had interviewed …
A few years ago, a construction manager earning $70,000 per year working for a r
A few years ago, a construction manager earning $70,000 per year working for a regional home builder decided to open his own home building company. He took $100,000 out of one of …
A few years ago, a construction manager earning $70,000 per year working for a r
A few years ago, a construction manager earning $70,000 per year working for a regional home builder decided to open his own home building company. He took $100,000 out of one of …
A few years ago, a construction manager earning $70,000 per year working for a r
A few years ago, a construction manager earning $70,000 per year working for a regional home builder decided to open his own home building company. He took $100,000 out of one of …
A few years ago, a construction manager earning $70,000 per year working for a r
A few years ago, a construction manager earning $70,000 per year working for a regional home builder decided to open his own home building company. He took $100,000 out of one of …
A few years ago, a construction manager earning $70,000 per year working for a r
A few years ago, a construction manager earning $70,000 per year working for a regional home builder decided to open his own home building company. He took $100,000 out of one of …
A few years ago, the government enacted regulations that restrict pharmaceutical
A few years ago, the government enacted regulations that restrict pharmaceutical companies ability to supply doctors with marketing materials. As an example, sales reps are no lon…
A fi the rm can invest in one of two projects: the purchase of new delivery vans
A fi the rm can invest in one of two projects: the purchase of new delivery vans or the training of its sales staff in use of new sales techniques. Both projects cost the same amo…
A fi?rm produces a product with labor and capital. Its production function is de
A fi?rm produces a product with labor and capital. Its production function is described by Q = 2L + 3K: Let w and r be the prices of labor and capital, respectively. (a) Find the …
A file is stored on a storage device in one continuous sequence of bytes. True F
A file is stored on a storage device in one continuous sequence of bytes. True False How many hard drives can you fit in a computer tower? Why? All of the following are examples o…
A film studio in Hollywood produces movies according to the function (yes, they
A film studio in Hollywood produces movies according to the function (yes, they can also produce fractions of movies... Think of half a movie as a B-movie or so.) q = F(K, L) = K0…
A film studio in Hollywood produces movies according to the function (yes, they
A film studio in Hollywood produces movies according to the function (yes, they can also produce fractions of movies... Think of half a movie as a B-movie or so.) q = F(K, L) = K0…
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