Economics
58545 questions • Page 343 / 1171
Assume Adia and Zardia can switch between producing wheat and producing beef at
Assume Adia and Zardia can switch between producing wheat and producing beef at a constant rate: In one hour, Andia can produce 3 Bushels of wheat and 5 pounds of beef. In one hou…
Assume Firm Y\'s production function is given by the following Cobb Douglas equa
Assume Firm Y's production function is given by the following Cobb Douglas equation: Q = 0.5 x L0.6 x K0.5 where L denotes labor and K denotes capital. a. Does the production func…
Assume Firm Y\'s production function is given by the following Cobb Douglas equa
Assume Firm Y's production function is given by the following Cobb Douglas equation: Q = 0.5 x L0.6 x K0.5 where L denotes labor and K denotes capital. a. Does the production func…
Assume Firm Y\'s production function is given by the following Cobb Douglas equa
Assume Firm Y's production function is given by the following Cobb Douglas equation: Q = 0.5 x L0.6 x K0.5 where L denotes labor and K denotes capital. a. Does the production func…
Assume Firm Y\'s production function is given by the following Cobb Douglas equa
Assume Firm Y's production function is given by the following Cobb Douglas equation: Q = 0.5 x L0.6 x K0.5 where L denotes labor and K denotes capital. a. Does the production func…
Assume Firm Y\'s production function is given by the following Cobb Douglas equa
Assume Firm Y's production function is given by the following Cobb Douglas equation: Q = 0.5 x L0.6 x K0.5 where L denotes labor and K denotes capital. a. Does the production func…
Assume France and Mali can both produce grain and dates, and that the only limit
Assume France and Mali can both produce grain and dates, and that the only limited resource is the farming labor force, meaning that land, water, and all other resources are plent…
Assume GM produces cars following the production function q = K^3/4 L^1/4. This
Assume GM produces cars following the production function q = K^3/4 L^1/4. This quarter GM has promised stockholders that it will increase production to 240 cars. a.) If GM wants …
Assume GM produces cars following the production function q = K^3/4 L^1/4. This
Assume GM produces cars following the production function q = K^3/4 L^1/4. This quarter GM has promised stockholders that it will increase production to 240 cars. a.) If GM wants …
Assume Groupon has two divisions, mobile technology and a sales force division.
Assume Groupon has two divisions, mobile technology and a sales force division. The sales force division is worth about $6B and has a beta of 1.5. Also assume that Groupon has 1 b…
Assume Jessica consumes both pretzels and Eskimo Bars. Quantity of Pretzels Tota
Assume Jessica consumes both pretzels and Eskimo Bars. Quantity of Pretzels Total Utility (Pretzels) Marginal Utility from Pretzels (in Utils) MU per Dollar (Pretzels) Quantity of…
Assume Kim has a utility function u(c) = c. Is he risk averse, risk loving or ri
Assume Kim has a utility function u(c) = c. Is he risk averse, risk loving or risk neutral? Plot his utility function on a graph. Would he accept the following bet: We flip a fair…
Assume Nebraska and Virginia each have 100 acres of farmland. The following tabl
Assume Nebraska and Virginia each have 100 acres of farmland. The following table gives hypothetical figures for yield per acre in the two states Who has the absolute advantage in…
Assume Nebraska and Virginia each have 100 acres of farmland. The following tabl
Assume Nebraska and Virginia each have 100 acres of farmland. The following table gives hypothetical figures for yield per acre in the two states: 1) Who has the absolute advantag…
Assume Nebraska and Virginia each have 100 acres of farmland. The following tabl
Assume Nebraska and Virginia each have 100 acres of farmland. The following table gives hypothetical figures for yield per acre in the two states: Nebraska Virginia Wheat 8 4 Cott…
Assume Nebraska and Virginia each have 100 acres of farmland. The following tabl
Assume Nebraska and Virginia each have 100 acres of farmland. The following table gives hypothetical figures for yield per acre in the two states: Nebraska Virginia Wheat 5 2 Cott…
Assume PG Is the fair insurance price for Good drivers and Pb is the fair insura
Assume PG Is the fair insurance price for Good drivers and Pb is the fair insurance price for Bad drivers, where PG = 200, PB = 400 and 30% of the drivers are Good drivers, insure…
Assume Pyrotex Inc. estimates the demand for its fireworks to be linear. If the
Assume Pyrotex Inc. estimates the demand for its fireworks to be linear. If the current price charged by Pyrotex is such that the elasticity of demand is equal to 2.5, which of th…
Assume SeatComfy Inc. estimates the demand for its table chairs to be Q = 5,000
Assume SeatComfy Inc. estimates the demand for its table chairs to be Q = 5,000 - 25P + 4I +10PA - 15 PT, where P = the price of SeatComfy's chairs; PA = average price of competit…
Assume U.S. GAAP (generally accepted accounting principles) applies unless other
Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. During late December 2008 Company A acquires a small competitor, Company B. During the …
Assume X = income and Y=consumption X Y 8 7 10 6.5 12 9 14 9.5 16 11 18 11.5 20
Assume X = income and Y=consumption X Y 8 7 10 6.5 12 9 14 9.5 16 11 18 11.5 20 12 22 14 24 15.5 26 10 The question is following: suppose heteroscedasticity is believed to be an i…
Assume X and Y are random variables and they have a correlation coefficient of O
Assume X and Y are random variables and they have a correlation coefficient of O, then we can say X and Y are? a. related 1. b. positively correlated c. negatively correlated d. i…
Assume Yon gave up a $44,000 per year job at an accounting firm to start your ow
Assume Yon gave up a $44,000 per year job at an accounting firm to start your own tax preparation business. To simplify, assume you paid die same income taxes when you worked for …
Assume a 5% desired reserve ratio, zero excess reserves, no currency leakage, a
Assume a 5% desired reserve ratio, zero excess reserves, no currency leakage, a demand. The Bank of Canada purchases a $250,000 worth of Cana from a bond dealer who deposits the p…
Assume a Canadian company owns a manufacturing facility in an Asian country and
Assume a Canadian company owns a manufacturing facility in an Asian country and that the Asian country is considering membership in a ten-member free-trade area within Asian. What…
Assume a DVC and an IAC currently have real per capita outputs of $2,000 and $20
Assume a DVC and an IAC currently have real per capita outputs of $2,000 and $20,000, respectively. Furthur assume that both nations have a 2 percent increase in their real per ca…
Assume a banking system with many banks. The reserve ratio in all banks is 16 pe
Assume a banking system with many banks. The reserve ratio in all banks is 16 percent and excess reserve is held in the banking system (i.e. banks are all "loaned up"). Now consid…
Assume a binding price floor in a market with many buyers and sellers. In this c
Assume a binding price floor in a market with many buyers and sellers. In this case, which of the follwoing is most likely to be true? A. at the level of output produced marginal …
Assume a certain firm is producing Q = 1,000 units of output. At Q = 1,000, the
Assume a certain firm is producing Q = 1,000 units of output. At Q = 1,000, the firm's marginal cost equals $15 and its average total cost equals $11. The firm sells its output fo…
Assume a certain firm is producingQ=1,000 units ofoutput . At Q=1,000, the firm\
Assume a certain firm is producingQ=1,000 units ofoutput . At Q=1,000, the firm's marginal cost equals $15 and itsaverage total cost equals$11. the firm sells its output for $12 p…
Assume a change in price causes the price elasticity of demand for a good (in ab
Assume a change in price causes the price elasticity of demand for a good (in absolute value) and marginal revenue to decrease. In this case we can conclude that the price of the …
Assume a closed economy modeled by the following relations: (1) C = 0.75(Y - T)
Assume a closed economy modeled by the following relations: (1) C = 0.75(Y - T) + 50 (2) T = 0.20Y (3) I = -5,000r + 300 (4) M(DEMAND)/P = 0.2Y - 2,500r + 100 (5) M(SUPPLY) = M* =…
Assume a closed economy modeled by the following relations: (1) C = 0.75(Y - T)
Assume a closed economy modeled by the following relations: (1) C = 0.75(Y - T) + 50 (2) T = 0.20Y (3) I = -5,000r + 300 (4) ^{}M(DEMAND)/P = 0.2Y - 2,500r + 100 (5) M(SUPPLY) = M…
Assume a competitive firm faces a market price of ?$60?, a cost curve? of: C? =
Assume a competitive firm faces a market price of ?$60?, a cost curve? of: C? = 0.003q3+ 50q ?+ 500?, and a marginal cost? of: MC? = 0.009q22 + 50. The? firm's profit maximizing o…
Assume a competitive firm faces a market price of ?$80?, a cost curve? of: C? =
Assume a competitive firm faces a market price of ?$80?, a cost curve? of: C? = 0.003q3 ?+ 25q ?+ 750?, and a marginal cost curve ? of: MC? = 0.009q2 + 25. If a specific tax of ?$…
Assume a consumer is currently purchasing a combination of goods, X and Y, that
Assume a consumer is currently purchasing a combination of goods, X and Y, that maximizes her utility given her budget constraint, i.e., MUx/MUy = PX/PY. Now assume that there is …
Assume a consumer living for two periods, Period 1 and Period 2 earns income Y1
Assume a consumer living for two periods, Period 1 and Period 2 earns income Y1 and Y2 in each period. What happens to his consumption path if his/her subjective discount factor (…
Assume a consumer with the utility function U= U (X, Y) = (X + 2) (Y + 1) And th
Assume a consumer with the utility function U= U (X, Y) = (X + 2) (Y + 1) And the budget constraint (M = 95, Px =10 and Px =5) 95 = 10x + 5Y a. Set up the constrained maximization…
Assume a country’s personal annual income is estimated by the following regressi
Assume a country’s personal annual income is estimated by the following regression equation: Y= 33,000 + 1,200X 4,000DG , where X = Working Experience (Years); DG=1, if male; DG=0…
Assume a decrease in product (output) demand. As a result, in the short run, ass
Assume a decrease in product (output) demand. As a result, in the short run, assuming that the firm continues to produce, the firm will A. produce more since the price of the vari…
Assume a drought in Texas reduces the supply of cotton. Noting that cotton is a
Assume a drought in Texas reduces the supply of cotton. Noting that cotton is a basic ingredient in the production of underwear and that silk underwear is a consumer substitute fo…
Assume a drought in the Great Plains reduces the supply of wheat. Noting that wh
Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of bread and that potatoes are a consumer substitute fo…
Assume a economy has 2 companies. Company A produces flour and Company B produce
Assume a economy has 2 companies. Company A produces flour and Company B produces white bread. In a given year, Company A produces 50,000 bushels of grain, sells 20,000 bushels of…
Assume a firm faces these costs: total cost of capital $4,000; price paid for la
Assume a firm faces these costs: total cost of capital $4,000; price paid for labor = $20 per labor unit; and price paid for raw materials = $8 per raw-material unit. …
Assume a firm has the following production function: \\(F(K,L)=L+\\sqrt{1+K}\\)
Assume a firm has the following production function: (F(K,L)=L+sqrt{1+K}) where L and K represent the inputs for Labor and Capital. a) Show a derivation for the …
Assume a firm is a monopsonist that can hire its first worker for $6 but must in
Assume a firm is a monopsonist that can hire its first worker for $6 but must increase the wage rate by $3 to attract each successive worker (so that the second worker must be pai…
Assume a firm is a monopsonist that can hire its first worker for $6 but must in
Assume a firm is a monopsonist that can hire its first worker for $6 but must increase the wage rate by $3 to attract each successive worker (so that the second worker must be pai…
Assume a firm is a monopsonist that can hire its first worker for $6 but must in
Assume a firm is a monopsonist that can hire its first worker for $6 but must increase the wage rate by $3 to attract each successive worker (so that the second worker must be pai…
Assume a firm is a monopsonist that can hire its first worker for $6 but must in
Assume a firm is a monopsonist that can hire its first worker for $6 but must increase the wage rate by $3 to attract each successive worker (so that the second worker must be pai…
Assume a firm is a monopsonist that can hire its first worker for $6 but must in
Assume a firm is a monopsonist that can hire its first worker for $6 but must increase the wage rate by $3 to attract each successive worker (so that the second worker must be pai…
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