Economics

1 .Which statement is TRUE? A) If the monopolist\'s marginal revenue is greater

1 .Which statement is TRUE? A) If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling more units at a lower price pe…

1 1 . Nonmonetary incentives are A) unimportant and unused. B) important but unu

1 1 . Nonmonetary incentives are A) unimportant and unused. B) important but unused C) unimportant but used. D) important and used 12. Which of the following best illustrates the …

1 1. What are the eight basic facts about the financial structure in the U.S. ec

1 1. What are the eight basic facts about the financial structure in the U.S. economy? How do some of these facts compare with other developed economies such as Germany, Japan, an…

1 14. Use the following economy for the next 15 questions. Use 2009 as your base

1 14. Use the following economy for the next 15 questions. Use 2009 as your base year for any calculations where a base year is needed. 2007: 4000 hamburgers, $2.00 each; 30 refri…

1 2. please, thank you! This table shows some information on a private closed ec

1 2. please, thank you! This table shows some information on a private closed economy. A private closed economy is one that does not have a government and does no trade with the r…

1 3 4 5 6 pls Size Colour Colour Edit Open colours Paint 3D Shapes Colours The a

1 3 4 5 6 pls Size Colour Colour Edit Open colours Paint 3D Shapes Colours The analysis presented here and in Chapter 6 should give you a good basis for understanding the economic…

1 4 7 8 14 19 Which one of the following is a primary difference between a publi

1 4 7 8 14 19 Which one of the following is a primary difference between a public good and a private good? A. Private goods are purchased by money transfers while public goods are…

1 A) 2 percent. B) Negative 2 percent. C) 6 percent. D) 14 percent. 2. A) It sen

1 A) 2 percent. B) Negative 2 percent. C) 6 percent. D) 14 percent. 2. A) It sends a signal that it is moving toward a faster growth rate for the money supply. B) The cost of borr…

1 A) Explain, briefly and clearly, why a country that chooses to fix its exchang

1 A) Explain, briefly and clearly, why a country that chooses to fix its exchange rate forgoes domestic monetary policy. Use any combination of illustrations or explanation that c…

1 According to Hayek, _________ creates most of our desires. government producti

1 According to Hayek, _________ creates most of our desires. government production education civilization 2. In the Sunstein article, what is paternalism? Influencing an individua…

1 Answer the following questions and briefly explain: (a) What assumptions are n

1 Answer the following questions and briefly explain: (a) What assumptions are necessary for a market to be perfectly competitive? In light of what you have learned in this chapte…

1 April\'. Cid, who was morried to an enploet o ythl thath oe ot its coputer pro

1 April'. Cid, who was morried to an enploet o ythl thath oe ot its coputer products - the Brag: saw the advert and decided to work n the Jarinry edition of its Ltd. design a solu…

1 Assignment 8 ENGR 3315 Fall 2017 Submitted by: Lee Hinkle (key) 2 3$33,560.00

1 Assignment 8 ENGR 3315 Fall 2017 Submitted by: Lee Hinkle (key) 2 3$33,560.00 Car Price 4 $2,500.00 Trade-In for current car -$1,000.00 Down Payment 6 $30,060.00 Amount Financed…

1 Assume that there is a 25 percent reserve ratio and that the Federal Reserve b

1 Assume that there is a 25 percent reserve ratio and that the Federal Reserve buys $200 million worth of government securities. If the securities are purchased from the public, t…

1 Assuming a bank only keeps enough of its reserves to meet its reserve requirem

1 Assuming a bank only keeps enough of its reserves to meet its reserve requirement, how much money is created when a bank receives a deposit from an individual of $100,000 and th…

1 Calculating GDP (30 Points) n economy with two firms. Firm A produces wheat an

1 Calculating GDP (30 Points) n economy with two firms. Firm A produces wheat and firm B produces bread. In a , firm A produces 50,000 bushels of wheat, sells 20,000 bushels of wh…

1 Car Makers The table below shows the profits to Toyota (player 1) and to GM (p

1 Car Makers The table below shows the profits to Toyota (player 1) and to GM (player 2) depending upon whether each enters or does not enter the market for electric automobiles. …

1 Caterpillar has spent $5 million to date on a new plant, and another $2 millio

1 Caterpillar has spent $5 million to date on a new plant, and another $2 million is needed to complete the plant. When construction was started, it was projected that production …

1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs 6 Cost of goods sold

1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs 10 Fixed selling 11 Fixed administrativ…

1 Cocoa Trade (20 points) 1. (10 points) For these questions you can rely on any

1 Cocoa Trade (20 points) 1. (10 points) For these questions you can rely on any of the following data sources (or on some other source that you find online from an international …

1 Consider the U.S almond market which of the folowing will cause a decrease in

1 Consider the U.S almond market which of the folowing will cause a decrease in the uandiy of ailmondis demanded, holding everything else constant? A Almond mik is increasingly pa…

1 Consider three coupon bonds that are identical in terms of their risk of defau

1 Consider three coupon bonds that are identical in terms of their risk of default, tax treatments, and liquidity; each has a face value of $100 and promises a yield to maturity o…

1 Diminishing returns does NOT imply which of the following a) the short run b)

1 Diminishing returns does NOT imply which of the following a) the short run b) a fixed factor of production c) it becomes progressively more diffcult to increase output as a firm…

1 During the banking history of the USA, a tax was put on money issued by state

1 During the banking history of the USA, a tax was put on money issued by state banks, with some goal in mind. What item on banks' balance sheets today was created so that goal wa…

1 ECON 290V Canadian Microeconomic Policy Spring 2018 Homework 3 Due on Friday,

1 ECON 290V Canadian Microeconomic Policy Spring 2018 Homework 3 Due on Friday, June 15, 11:59 PM. Late submissions will not be accepted. 1. The market demand for a good is given …

1 Edgeworth Box Corners Peters and Walters are prisoners. Peters received a ship

1 Edgeworth Box Corners Peters and Walters are prisoners. Peters received a shipment containing only chocolates, whereas Walters received a shipment containing only cigarettes 1. …

1 Electricity Use According to the “Energy Conservation” article in the course p

1 Electricity Use According to the “Energy Conservation” article in the course pack, will consumers use more or less electricity on lighting when energy efficiency increases with …

1 Fall 2017-251-Micro: Fall 2017-251-86 Gomez runs a small pottery firm. He hire

1 Fall 2017-251-Micro: Fall 2017-251-86 Gomez runs a small pottery firm. He hires one helper at $15,000 per year, pays invested in equipme estimates to eatrepreneural talents are …

1 Farmer Brown grows peaches in Georgia. Suppose the market for peaches is perfe

1 Farmer Brown grows peaches in Georgia. Suppose the market for peaches is perfectly competitive and that the market price for a box of peaches is $74 per box. Farmer Brown's marg…

1 For a common resource such as fish, the marginal private benefit of an additio

1 For a common resource such as fish, the marginal private benefit of an additional boat is the ________ and the marginal social benefit is the ________. A) quantity of fish that …

1 High barries to entry is at highest level, marginal utility is: A.) Equal to z

1 High barries to entry is at highest level, marginal utility is: A.) Equal to zero B.) Falling C.) Equal to one D.) Rising 2 What is the cause of scarcity? A.) OPEC limiting the …

1 How do monopolstic market structures determine prices to charge for good and s

1 How do monopolstic market structures determine prices to charge for good and services? A.) Price is read from the demand curve from the intersection of the profit to charge for …

1 How does monopolistic competition differ from pure competition in its basic ch

1 How does monopolistic competition differ from pure competition in its basic characteristics? From pure monopoly? Explain fully what product differentiation may involve. Explain …

1 If elasticity of demand is equal to one, the good or services would be A.) Ine

1 If elasticity of demand is equal to one, the good or services would be A.) Inelastic B.) Unitarily elastic C.) Elastic D.) Consumers willingness to purchase goods or services ^ …

1 If labor becomes more productive, the demand curve will: a) Remain stationary.

1 If labor becomes more productive, the demand curve will: a) Remain stationary. b) Shift outward. c)Be indeterminate. d) Shift inward. 2 If an individual does not have a strong w…

1 If the monopolist is operating in the inelastic range of demand, (a) it could

1 If the monopolist is operating in the inelastic range of demand, (a) it could raise total revenue by lowering price. (b) it would be maximizing total revenue rather than profit.…

1 In Akerlof\'s \'lemons\' study, which of the following complete(s) the sentenc

1 In Akerlof's 'lemons' study, which of the following complete(s) the sentence shown below? Because all used cars in the market are priced based on average quality -i- owners of h…

1 In Ecomomics What is the 2Narne the most important-onent of our nation\'s Mono

1 In Ecomomics What is the 2Narne the most important-onent of our nation's Monoluutna, the Asset-d -90% of the tula-of- abwe .sane mathenatkal statement. use that statene" ation p…

1 Managerial economics is the 2 Economic models are 3 According to the theory of

1 Managerial economics is the 2 Economic models are 3 According to the theory of the firm, management's ultimate objective is to maximize revenue. 4 According to the law of demand…

1 Marks: 1 Decreasing the reserve requirement ratio is Choose one answer. a. a c

1 Marks: 1 Decreasing the reserve requirement ratio is Choose one answer. a. a contractionary policy because it lowers the amount of total reserves in the banking system. b. a con…

1 Marx felt that religion is a social institution that is supposed to support th

1 Marx felt that religion is a social institution that is supposed to support the status quo, which also reflects the economics of society. Marx thought that capitalism creates in…

1 Money Multiplier Suppose the reserve requirement, R, is 0.1. 1. If the Federal

1 Money Multiplier Suppose the reserve requirement, R, is 0.1. 1. If the Federal reserve prints $323 million worth of paper currency and mails a dollar bill to every resident of t…

1 Money Multiplier Suppose the reserve requirement, R¯, is 0.1. a. If the Federa

1 Money Multiplier Suppose the reserve requirement, R¯, is 0.1. a. If the Federal reserve prints $323 million worth of paper currency and mails a dollar bill to every resident of …

1 Money Multiplier Suppose the reserve requirement, R¯, is 0.1. a. If the Federa

1 Money Multiplier Suppose the reserve requirement, R¯, is 0.1. a. If the Federal reserve prints $323 million worth of paper currency and mails a dollar bill to every resident of …

1 Multiple Choices 1.(Mankiw,page 324,Quick Check Multiple Choice,1) A firm is a

1 Multiple Choices 1.(Mankiw,page 324,Quick Check Multiple Choice,1) A firm is a natural monopoly if it exhibits the following as its output increases: A. decreasing marginal reve…

1 Of the four market industries, which leads to the best outcome for society in

1 Of the four market industries, which leads to the best outcome for society in terms of efficiency? A. Perfect Competition B. Monopolistic Competition C. Monopoly D. Oligopoly 2 …

1 Opportunity and sunk costs (4 points) (a) What is the opportunity cost of an e

1 Opportunity and sunk costs (4 points) (a) What is the opportunity cost of an extra 10h shift at work, if your alternatives are to spend a maximum of 4h with friends at a bar (va…

1 Opportunity and sunk costs (4 points) (a) What is the opportunity cost of an e

1 Opportunity and sunk costs (4 points) (a) What is the opportunity cost of an extra 8h shift at work, if your alternatives are to spend a maximum of 4h with friends at a bar (val…

1 Opportunity cost The last week of winter break, Michael faced with a difficult

1 Opportunity cost The last week of winter break, Michael faced with a difficult decision in order to make it to his first Econ 202 lecture. Michael lives in New York City. In ord…

1 Point each for each of the rest: 2) Eddie owns a small farm. According to the

1 Point each for each of the rest: 2) Eddie owns a small farm. According to the figure below, what is Eddie's opportunity cost, in terms of bushels of potatoes, of growing one mor…