Economics

Assume that there is no way to prevent someone from using an interstate highway,

Assume that there is no way to prevent someone from using an interstate highway, regardless of whether or not he or she helps pay for it. This characteristic is associated with:  …

Assume that there is only one Movie theater in Suffolk County. All the informati

Assume that there is only one Movie theater in Suffolk County. All the information you have is summarized in the following graph [you have number of movie displays in the horizont…

Assume that there is only one Movie theater in Suffolk County. All the informati

Assume that there is only one Movie theater in Suffolk County. All the information you have is summarized in the following graph [you have number of movie displays in the horizont…

Assume that total benefit from a continuous decision, involving a control variab

Assume that total benefit from a continuous decision, involving a control variable Q, is: TB = 25Q – 2.5Q2 and the associated total cost is: TC(Q) = 5 + 4Q2. With the total benefi…

Assume that trade credit of 2/10 net 30 will increase sales by 15% because the d

Assume that trade credit of 2/10 net 30 will increase sales by 15% because the discount makes the companies discount price competitive. If a company earns 20% on sales before disc…

Assume that two clothing manufacturers. Lands\' End and L.L. Bean, market their

Assume that two clothing manufacturers. Lands' End and L.L. Bean, market their goods strictly by mail order. Each produces an essentially identical field coat. The cost of produci…

Assume that two companies (C and D) are duopolists that produce identical produc

Assume that two companies (C and D) are duopolists that produce identical products. Demand for the products is given by the following linear demand function: P=500 - Qc - Qd where…

Assume that two companies (C and D) are duopolists that produce identical produc

Assume that two companies (C and D) are duopolists that produce identical products. Demand for the products is given by the following linear demand function: P = 600 - Q^c -Q^d wh…

Assume that two countries, Venezuela and Suriname, can produce Bananas or Cars w

Assume that two countries, Venezuela and Suriname, can produce Bananas or Cars with the resources available in their countries. The maximum amount of each product produced in each…

Assume that two firms operate in a market which has a demand function Q = 12 - 1

Assume that two firms operate in a market which has a demand function Q = 12 - 1P. Firm 1's output is designated by q1 and firm's 2's output is designated by q2. Because there are…

Assume that two firms operate in a market which has a demand function Q = 12 - 1

Assume that two firms operate in a market which has a demand function Q = 12 - 1P. Firm 1's output is designated by q1 and firm's 2's output is designated by q2. Because there are…

Assume that two firms operate in a market which has a demand function Q = 12 - 1

Assume that two firms operate in a market which has a demand function Q = 12 - 1P. Firm 1's output is designated by q1 and firm's 2's output is designated by q2. Because there are…

Assume that two firms, say firm 1 and firm 2, sell differentiated goods and face

Assume that two firms, say firm 1 and firm 2, sell differentiated goods and face the following demand functions: q1 = 4/3 - 2/3a - 4/3 p1 + 2/3 p2 and q2 = 4/3a - 2/3 + 2/3 p1 - 4…

Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urba

Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urban community that exceeds the emissions standard. To meet the standard, 40 units of SO2 must be abat…

Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urba

Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urban community that exceeds the emissions standard. To meet the standard, 40 units of SO2 must be abat…

Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urba

Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urban community that exceeds the emissions standard. To meet the standard, 40 units of SO2 must be abat…

Assume that unskilled workers (no college education) earn $30,000 per year, to b

Assume that unskilled workers (no college education) earn $30,000 per year, to become a skilled worker (college educated) one must invest $200,000; and the return on investments a…

Assume that unskilled workers (no college education) earn $35,000 per year, to b

Assume that unskilled workers (no college education) earn $35,000 per year, to become a skilled worker (college educated) one must invest $150,000; and the return on investments a…

Assume that wages and prices are sticky and that we start at a long-run equilibr

Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this initial point, the growth rate of the money supply is 4%, the growth rate …

Assume that we have a country with the following production: For each of the que

Assume that we have a country with the following production: For each of the questions below, show your calculations: Calculate nominal GDP in 2011 and 2012. Calculate real GDP in…

Assume that we know that the domestic supply function for peanuts in the US is:

Assume that we know that the domestic supply function for peanuts in the US is: P = 4 + 0.001Q where Q is the number of bushels per year and P is the price in dollars per bushel. …

Assume that when the price is exactly equal to the average variable cost the fir

Assume that when the price is exactly equal to the average variable cost the firm is indifferent between producing zero units and the profit maximizing quantity. Also indicate for…

Assume that when the price of cantaloupes is $2.50 the demand for cantaloupes is

Assume that when the price of cantaloupes is $2.50 the demand for cantaloupes is unit-elastic, and that the demand curve for cantaloupes is linear and downward sloping. If firms l…

Assume that when the price of cantaloupes is $2.50 the demand for cantaloupes is

Assume that when the price of cantaloupes is $2.50 the demand for cantaloupes is unit-elastic, and that the demand curve for cantaloupes is linear and downward sloping. If firms l…

Assume that when the price of good X is $10, each, I buy none. When the price is

Assume that when the price of good X is $10, each, I buy none.  When the price is $9 each, I buy 1 per   period.  When the price is $8 each, I   buy 2 per period.  When the price …

Assume that women live longer than men on average. Suppose an employer hires men

Assume that women live longer than men on average. Suppose an employer hires men and women, pays them the same wage for the same job, and contributes an equal amount per person to…

Assume that women live longer than men on average. Suppose an employer hires men

Assume that women live longer than men on average. Suppose an employer hires men and women, pays them the same wage for the same job, and contributes an equal amount per person to…

Assume that workers have perfect information about changes in inflation. Which o

Assume that workers have perfect information about changes in inflation. Which of the following statements is true in this context? a. Wage rates will not adjust immediately to th…

Assume that you are a marketing manager for a supermarket. The accounts departme

Assume that you are a marketing manager for a supermarket. The accounts department provides you with different price elasticites for a variety of goods. Some products (e.g. confec…

Assume that you are a policy analyst. Use elasticity applications in dealing wit

Assume that you are a policy analyst. Use elasticity applications in dealing with drugs and prostitution issues and policies. More specifically: How can we design policies to deal…

Assume that you are an industry consultant. You are called in to consult on two

Assume that you are an industry consultant. You are called in to consult on two different international analyses. For each of the story examples below, show all your calculations …

Assume that you are considering either buying or leasing a new car from a dealer

Assume that you are considering either buying or leasing a new car from a dealership, and the following date have been compiled: Option A: Buying (Financing) the vehicle, for a pr…

Assume that you are given the following information about the South African econ

Assume that you are given the following information about the South African economy at equilibrium with the assumption that there is no foreign sector. Use the information to answ…

Assume that you are going to start a small business of your own. Further, imagin

Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish …

Assume that you are going to start a small business of your own. Further, imagin

Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish …

Assume that you are going to start a small business of your own. Further, imagin

Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish …

Assume that you are going to start a small business of your own. Further, imagin

Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish …

Assume that you are in charge of pricing for a firm that produces pickles. You h

Assume that you are in charge of pricing for a firm that produces pickles. You have fixed costs of 2,000,000. Variable costs are $0.75 per jar of pickles. You are selling your pro…

Assume that you are one of six thousand people who live in the small island of T

Assume that you are one of six thousand people who live in the small island of Tap. This island is small and can only produce maximum of six thousand bags of corn a year. The six …

Assume that you are one of six thousand people who live on the small island of T

Assume that you are one of six thousand people who live on the small island of Tap. This island is small and can only produce a maximum of six thousand bags of corn a year (ignore…

Assume that you are responsible for working with the family of a child with Auti

Assume that you are responsible for working with the family of a child with Autism. write a 2-page letter you would send to the family prior to their first IEP/IFSP meeting. This …

Assume that you feel you have a great idea for a startup web-based business. You

Assume that you feel you have a great idea for a startup web-based business. You’ve done quite a bit of research and with an investment of $50,000 feel that this business could po…

Assume that you have been hired as a managing consultant by a company to offer s

Assume that you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or contin…

Assume that you have been waiting in line for one hour at the Department of Moto

Assume that you have been waiting in line for one hour at the Department of Motor Vehicles to renew your license. You comment to the person next to you that you really have some i…

Assume that you have the following information about an economy: - Population ov

Assume that you have the following information about an economy: - Population over the age of 16: 249.7 Million -Labor Force: 157.2 Million -Not in the Labor Force: 92.5 Million -…

Assume that you manage a risky portfolio with an expected rate of return of 13%

Assume that you manage a risky portfolio with an expected rate of return of 13% and a standard deviation of 45%. The T-bill rate is 6%. Your client chooses to invest 75% of a port…

Assume that you manage a risky portfolio with an expected rate of return of 19%

Assume that you manage a risky portfolio with an expected rate of return of 19% and a standard deviation of 33%. The T-bill rate is 7%.    Your risky portfolio includes the follow…

Assume that you own a dividend-paying stock currently worth $150. You plan to se

Assume that you own a dividend-paying stock currently worth $150. You plan to sell the stock in 250 days. In order to hedge against a possible price decline, you wish to take a sh…

Assume that you own a sandwich shop. In looking over last year\'s income stateme

Assume that you own a sandwich shop. In looking over last year's income statement you see that the annual sales were $250,000 with a gross margin of 50 percent, or $125,000. The f…

Assume that you recently graduated with a major in finance. You just landed a jo

Assume that you recently graduated with a major in finance. You just landed a job as a financial planner with Merrill Finch Inc., a large financial services corporation. Your firs…