Economics

Assume that a hypothetical economy with an MPC of 0.75 is experiencing asevere r

Assume that a hypothetical economy with an MPC of 0.75 is experiencing asevere recession. By how much would government spending have to rise to shift the aggregate demand curve ri…

Assume that a hypothetical economy with an MPC of 0.75 is experiencing asevere r

Assume that a hypothetical economy with an MPC of 0.75 is experiencing asevere recession. By how much would government spending have to rise to shift the aggregate demand curve ri…

Assume that a hypothetical economy with an MPC of 0.75 is experiencing asevere r

Assume that a hypothetical economy with an MPC of 0.75 is experiencing asevere recession. By how much would government spending have to rise to shift the aggregate demand curve ri…

Assume that a hypothetical economy with an MPC of 0.8 is experiencing a severe r

Assume that a hypothetical economy with an MPC of 0.8 is experiencing a severe recession. By how much would government spending have to rise to shift the aggregate demand curve ri…

Assume that a hypothetical economy with an MPC of 0.8 is experiencing a severe r

Assume that a hypothetical economy with an MPC of 0.8 is experiencing a severe recession. By how much would government spending have to rise to shift the aggregate demand curve ri…

Assume that a hypothetical economy with an MPC of 0.9 is experiencing a severe r

Assume that a hypothetical economy with an MPC of 0.9 is experiencing a severe recession. By how much would government spending have to rise to shift the aggregate demand curve ri…

Assume that a hypothetical economy with an MPC of 0.9 is experiencing severe rec

Assume that a hypothetical economy with an MPC of 0.9 is experiencing severe recession Instructions: In part a, round your answers to 2 decimal places. Enter positive numbers. In …

Assume that a hypothetical economy with an MPC of 0.9 is experiencing severe rec

Assume that a hypothetical economy with an MPC of 0.9 is experiencing severe recession. Instructions: In part a, round your answers to 2 decimal places. Enter positive numbers. In…

Assume that a hypothetical economy with an MPC of 0.9 is experiencing severe rec

Assume that a hypothetical economy with an MPC of 0.9 is experiencing severe recession. Instructions: In part a. round your answers to 2 decimal places. Enter positive numbers. In…

Assume that a large open economy with a floating exchange rate is described in t

Assume that a large open economy with a floating exchange rate is described in the short run by the equations: C 0.50 -T T-1,000 1,500 250r G 1,500 NY 1,000-250e MP- 0.5 -500r M-1…

Assume that a large open economy with a floating exchange rate is described in t

Assume that a large open economy with a floating exchange rate is described in the short run by the equations: C = 0.5(Y- T) T= 1,000 I= 1,500-250r G - 1,500 NX- 1,000 The last tw…

Assume that a local telecommunications company sells high speed internet access

Assume that a local telecommunications company sells high speed internet access and cable television. The company's only two customers are Taylor and Tim. Taylor is willing to pay…

Assume that a monopolist considering to spend 500.000 usd on large campaign to p

Assume that a monopolist considering to spend 500.000 usd on large campaign to promote the their products. The demand curves are defined by p = 150 - 3q, where q is the output-qua…

Assume that a monopolist considering to spend 500.000 usd on large campaign to p

Assume that a monopolist considering to spend 500.000 usd on large campaign to promote the their products. The demand curves are defined by p = 150 - 3q, where q is the output-qua…

Assume that a monopolist faces a demand curve for its product given by: p 80 2q

Assume that a monopolist faces a demand curve for its product given by: p 80 2q Further assume that the firm's cost function is: TC 560 +13q Using calculus and formulas (but no ta…

Assume that a monopolist faces a demand curve for its product given by: p=100?1q

Assume that a monopolist faces a demand curve for its product given by: p=100?1q Further assume that the firm's cost function is: TC=470+9q Using calculus and formulas (but no tab…

Assume that a monopolist faces two groups of consumers. The first group demand f

Assume that a monopolist faces two groups of consumers. The first group demand function is: P1=160-8Q1. The second group demand function is: P2=80-1/2Q2. The monopolist has the to…

Assume that a monopolist produces a good at marginal cost 1. Assume that demand

Assume that a monopolist produces a good at marginal cost 1. Assume that demand is given by P D (q) = 10 2q. (i) What is the optimal quantity and price chosen by the monopolist? A…

Assume that a monopolistically competitive firm faces the following situation: P

Assume that a monopolistically competitive firm faces the following situation: P = $14, output = 9,000 units, MC = $11, ATC = $16, AVC = $7, and MR = $11. Which statement is corre…

Assume that a national restaurant firm called BBQ builds 12 new restaurants at a

Assume that a national restaurant firm called BBQ builds 12 new restaurants at a cost of $1 million per restaurant. It outfits each restaurant with an additional $400,000 of equip…

Assume that a perfectly competitive firm produces widgets and can produce them u

Assume that a perfectly competitive firm produces widgets and can produce them using any of three processes. The following table indicates the amounts of labor and capital require…

Assume that a perfectly competitive firm produces widgets and can produce them u

Assume that a perfectly competitive firm produces widgets and can produce them using any of three processes. The following table indicates the amounts of labor and capital require…

Assume that a police officer is conducting a valid stop and frisk for weapons. I

Assume that a police officer is conducting a valid stop and frisk for weapons. If evidence of drug possession inadvertently becomes known to the officer, probable cause for an arr…

Assume that a profit maximizing monopolist faces an inverse demand function give

Assume that a profit maximizing monopolist faces an inverse demand function given by p(), and a total cost function given by c(y). Suppose the government wishes to combat the unde…

Assume that a profit maximizing monopolist faces an inverse demand function give

Assume that a profit maximizing monopolist faces an inverse demand function given by p(.) where p'(y) < 0, and a total cost function c(.) given by c(y), where c'(y) > 0. Pro…

Assume that a profit-maximizing firm practices price discrimination in two diffe

Assume that a profit-maximizing firm practices price discrimination in two different market segments. If the marginal cost of producing the good is the same, the price: A) will be…

Assume that a pure monopolist and a purely competitive firm have the same unit c

Assume that a pure monopolist and a purely competitive firm have the same unit costs. In this case, resources will be allocated A. efficiently because the pure competitor produces…

Assume that a pure monopolist and a purely competitive firm have the same unit c

Assume that a pure monopolist and a purely competitive firm have the same unit costs. In this case, determine what is true with respect to (a) price, (b) output, and (c) profits. …

Assume that a purely competitive firm has the schedule of the average and margin

Assume that a purely competitive firm has the schedule of the average and marginal costs given in the table below ------------------------------------------------------- OUTPUT AF…

Assume that a purely competitive firm has the schedule of the average and margin

Assume that a purely competitive firm has the schedule of the average and marginal costs given in the table below ------------------------------------------------------- OUTPUT AF…

Assume that a series of inflation rates is 1 percent, 2 percent, and 4 percent,

Assume that a series of inflation rates is 1 percent, 2 percent, and 4 percent, while nominal interest rates in the same three periods are 5 percent, 5 percent, and 6 percent, res…

Assume that a series of inflation rates is 1 percent, 2 percent, and 4 percent,

Assume that a series of inflation rates is 1 percent, 2 percent, and 4 percent, while nominal interest rates in the same three periods are 5 percent, 5 percent, and 6 percent, res…

Assume that a small town uses a referendum to overcome the free-ridership proble

Assume that a small town uses a referendum to overcome the free-ridership problem and determine how its residents might value a new water filtration system for its public water su…

Assume that after you graduate, you move to a simple economy in which only three

Assume that after you graduate, you move to a simple economy in which only three goods are produced and consumed: fish, fruit, and meat. Suppose that on January 1, fish sold for $…

Assume that aggregate supply is determined by the sticky-price model in which th

Assume that aggregate supply is determined by the sticky-price model in which the fraction s (0, 1) of the firms in the economy have sticky prices, and the fraction 1 - s of the f…

Assume that all consumers have identical demand curves for local telephone servi

Assume that all consumers have identical demand curves for local telephone service, and the producer of such service is a monopoly. Compare price, output, profit and consumer surp…

Assume that all costs are constant, and answer the questions below. SHOW YOUR MA

Assume that all costs are constant, and answer the questions below. SHOW YOUR MATH. (Please) Consider two countries: France and Belgium. They both can use workers, to produce beer…

Assume that all cows are homogeneous. Explain how the international monetary sys

Assume that all cows are homogeneous. Explain how the international monetary system would operate if all central banks undertook to fix the price of cows in terms of each country'…

Assume that all expenditure is summarized in the following consumption and inves

Assume that all expenditure is summarized in the following consumption and investment functions: C = $300 billion + 0.8 YD I = $200 billion Use this information to complete this p…

Assume that all production is consumed in each year: Year 1 Good Bread Computers

Assume that all production is consumed in each year: Year 1 Good Bread Computers 10 Year 2 Good Bread Computers 15 Quantity Price $10 $50 30 Quantity Price $15 $60 40 A. B. C. Usi…

Assume that all wages and prices are completely and immediately flexible. If the

              Assume that all wages and prices are completely and immediately flexible.  If the growth rate of the money supply is 5%, the growth rate of the velocity of money is …

Assume that an American worker can produce 7 cars per year or 16 tons of grain p

Assume that an American worker can produce 7 cars per year or 16 tons of grain per year, whereas a Japanese worker can produce 20 cars per year or 8 tons of grain per year. Assume…

Assume that an economy has two firms that use a production function that satisfi

Assume that an economy has two firms that use a production function that satisfies the properties of "our" production model. (1) Assume that the level of TFP is exogenous, and tha…

Assume that an economy is characterized by the following equations: C = 100 + (2

Assume that an economy is characterized by the following equations: C = 100 + (2/3)(Y – T) T = 600 G = 500 I = 800 – (50/3)r Ms/P = Md/P = 0.5Y – 50r a. Write the numerical IS cur…

Assume that an economy is characterized by the following equations: C= 100+ (2/3

Assume that an economy is characterized by the following equations: C= 100+ (2/3)^-7) T= 600 G=500 I= 800-(50/3)r r/P = M/P = 0.5 K- 50r a. Write the numerical IS curve for the ec…

Assume that an economy is governed by the Phillips curve (pi) t = E (pi)t - 0.55

Assume that an economy is governed by the Phillips curve (pi)t = E(pi)t - 0.55(ut 0.065), where 0.065 is the natural rate of unemployment. Further assume that E(pi)t = (pi)t-1: Su…

Assume that an economy is governed by the Phillips curve: pi = E pi - 0.5(u - 0.

Assume that an economy is governed by the Phillips curve: pi = E pi - 0.5(u - 0.06), where pi is the inflation rate, E_pi is the expected inflation rate, and the natural rate of u…

Assume that an economy is initially in a steady state, that population growth an

Assume that an economy is initially in a steady state, that population growth and the rate of technological change are both zero, but that capital depreciates at rate d. Use the a…

Assume that an economy’s production function is Y = 1000L^1/2, so that when the

Assume that an economy’s production function is Y = 1000L^1/2, so that when the marginal product of capital is equated to the real wage the labor demand curve is L = 250,000 (P/W)…

Assume that an electric power plant could be built in the Upper Peninsula using

Assume that an electric power plant could be built in the Upper Peninsula using wood as the fuel and would produce 578 megawatts of electricity. Assume that it would have an effic…