Economics

Consider a perfectly competitive market in which each firm\'s short-run total co

Consider a perfectly competitive market in which each firm's short-run total cost function is C = 36 + 9q + q, where q is the number of units of output produced. The associated ma…

Consider a perfectly competitive market in which each firm\'s short-run total co

Consider a perfectly competitive market in which each firm's short-run total cost function is C = 64 + 15q + q2, where q is the number of units of output produced. The associated …

Consider a perfectly competitive market in which each firm\'s short-run total co

Consider a perfectly competitive market in which each firm's short-run total cost function is C = 64 - 15q + q2 where q is the number of units of output produced. The associated m…

Consider a person who has to decide how spend their weekend. The person would li

Consider a person who has to decide how spend their weekend. The person would like to `consume' leisure, but would also like to consume goods over the weekend, which would require…

Consider a police department trying to decide how to allocate its crime preventi

Consider a police department trying to decide how to allocate its crime prevention resources between motor vehicle thefts and burglaries. The marginal benefit of one less motor ve…

Consider a policy that pays firms $100 per unit of pollution that they abate. Wh

Consider a policy that pays firms $100 per unit of pollution that they abate. Which one of the following statements is true? a. Firms will prefer this policy to a uniform standard…

Consider a pollution problem involving a paper mill located on a river and a com

Consider a pollution problem involving a paper mill located on a river and a commercial salmon fishery operating on the same river. The fishery can operate at one of two locations…

Consider a potential, voluntary exchange between two people. Assume that both pe

Consider a potential, voluntary exchange between two people. Assume that both people have complete information about each other's preferences and that there are no transaction cos…

Consider a product market with two competitors. Air Lion (A) and Beta Air (B). A

Consider a product market with two competitors. Air Lion (A) and Beta Air (B). Assume that the demand curve is linear: P =667 - .333Q,where Q =qA+qB so that the Marginal Revenue: …

Consider a product that you have purchased recently. If the price of this item i

Consider a product that you have purchased recently. If the price of this item increases, how would you adjust your purchases? Is the Demand for this product Price Elastic or Pric…

Consider a product that you have purchased recently. If the price of this item i

Consider a product that you have purchased recently. If the price of this item increases, how would you adjust your purchases? Is the Demand for this product Price Elastic or Pric…

Consider a production cooperative with just two farmers. Each farmer chooses I i

Consider a production cooperative with just two farmers. Each farmer chooses I independently how much labor to supply to the cooperative. Each unit of labor is I supplied at an op…

Consider a production function for an economy: Y = 20(L.5K.4N.1) where L is labo

Consider a production function for an economy: Y = 20(L.5K.4N.1) where L is labor, K is capital, and N is land. In this economy the factors of production are in fixed supply with …

Consider a project that costs $380,000 today, provides an income of $120,000 per

Consider a project that costs $380,000 today, provides an income of $120,000 per year for four years, and costs $50,000 to dispose of in four years Hello, I would really appreciat…

Consider a project with an initial outflow at time 0 and positive cash flows in

Consider a project with an initial outflow at time 0 and positive cash flows in all subsequent years. As the discount rate increases, the _____________. A.  IRR remains constant w…

Consider a project with the following cash flows: $3,500 at t=1, $12,500 at t=2,

Consider a project with the following cash flows: $3,500 at t=1, $12,500 at t=2, $15,000 at t=3, $15,000 at t=4. The Discounted Payback Period of this project is 3.3 years. The ap…

Consider a public project to build a bridge. The government is deciding whether

Consider a public project to build a bridge. The government is deciding whether to undertake it or not. Let k = 1 if the bridge is built and k = 0 if the bridge is not built. The …

Consider a pure-exchange economy with four individuals i = 1,2,3,4 and two pri­v

Consider a pure-exchange economy with four individuals i = 1,2,3,4 and two pri­vate goods X and Y. The utility functions are U1 = min{x1,y1}, U2 = {x2,y2,}, U3=x3 and U4 = x4 + y4…

Consider a railroad is next to a farm.Each time the train passes by the farm,spa

Consider a railroad is next to a farm.Each time the train passes by the farm,sparks from the train fly into the farm and destroy some of the crop.The following gives the marginal …

Consider a reform that changed welfare benefits in New Jersey and suppose that a

Consider a reform that changed welfare benefits in New Jersey and suppose that at the same time there was no change in New York. The data for an average welfare recipients (per mo…

Consider a region with 2 export products (saxophones and soccer balls) and 2 loc

Consider a region with 2 export products (saxophones and soccer balls) and 2 local goods (haircuts and music concerts). The production of each export good is subject to localizati…

Consider a remote town in which two restaurants, All You Can-Eat Café and GoodGr

Consider a remote town in which two restaurants, All You Can-Eat Café and GoodGrub Dine operate in a duopoly. Both restaurants disregard health and safety regulations, but they co…

Consider a remote town in which two restaurants, All-You-Can-Eat Cafe and GoodGr

Consider a remote town in which two restaurants, All-You-Can-Eat Cafe and GoodGrub Bistro, operate in a duopoly. Both restaurants ignore the health code, but they continue to have…

Consider a remote town in which two restaurants, All-You-Can-Eat Café and GoodGr

Consider a remote town in which two restaurants, All-You-Can-Eat Café and GoodGrub Diner, operate in a duopoly. Both restaurants ignore the health code, but they continue to have …

Consider a repeated game in which the stage game above is repeated twice and the

Consider a repeated game in which the stage game above is repeated twice and there is no discounting. The following are SPNE outcomes in the repeated game (select all that apply) …

Consider a risky portfolio. The end-of-year cash flow derived from the portfollo

Consider a risky portfolio. The end-of-year cash flow derived from the portfollo will be elther $130,000 or $250,000 with equal probabilities of .5. The alternative risk-free inve…

Consider a river found in the city of Philadelphia, and then answer the question

Consider a river found in the city of Philadelphia, and then answer the questions that follow The city has a resort whose visitors use the river for recreation. The city also has …

Consider a river found in the city of Whitehorse, and then answer the questions

Consider a river found in the city of Whitehorse, and then answer the questions that follow The city has a resort whose visitors use the river for recreation. The industrial waste…

Consider a sales business, in which customers are much more likely to buy, and b

Consider a sales business, in which customers are much more likely to buy, and buy in large volume, from salespeople with whom they have long-standing relationships. Suppose that …

Consider a sandwich shop at the center of a college campus. It serves two kinds

Consider a sandwich shop at the center of a college campus. It serves two kinds of customers--students and faculty. Because it's a far walk to other sandwich shops, and because it…

Consider a scenario where an oil company is operating a refinery in a developing

Consider a scenario where an oil company is operating a refinery in a developing country. For simplicity’s sake assume that the refinery’s output is consumed entirely within the c…

Consider a scenario where the demand is estimated to be represented by the follo

Consider a scenario where the demand is estimated to be represented by the following equation: a=1000-10+0.11+10R, Where Px is the price of X, I represents the income of the consu…

Consider a scenario where the demand is estimated to be represented by the follo

Consider a scenario where the demand is estimated to be represented by the following equation: Qx= 1000-10Px+0.1I+10Py, Where Px is the price of X, I represents the income of the …

Consider a scenario where two local restaurants are considering the adoption of

Consider a scenario where two local restaurants are considering the adoption of a new third party delivery service. The delivery service will allow the restaurants to reach a larg…

Consider a second price auction with 2 bidders, 1 and 2, who have values for the

Consider a second price auction with 2 bidders, 1 and 2, who have values for the good of 20 and 80, respectively. Each knows what the other bidder’s valuation is so there is no un…

Consider a second price auction with 2 bidders, 1 and 2, who have values for the

Consider a second price auction with 2 bidders, 1 and 2, who have values for the good of 20 and 80, respectively. Each knows what the other bidder’s valuation is so there is no un…

Consider a second-price sealed-bid auction. Suppose bidders\' valuations are v1=

Consider a second-price sealed-bid auction. Suppose bidders' valuations are v1=10 and v2=10. Select all that apply. (PLEASE EXPLAIN CHOICES COMPLETEY) One bidder submitting a bid …

Consider a set of commuters N, with N a very large number. Each commuter has the

Consider a set of commuters N, with N a very large number. Each commuter has the choice between commuting by train or by car. Commuting by train takes 40 minutes regardless of the…

Consider a set of commuters N, with N a very large number. Each commuter has the

Consider a set of commuters N, with N a very large number. Each commuter has the choice between commuting by train or by car. Commuting by train takes 40 minutes regardless of the…

Consider a simple bank that has assets of $120, short-term credit of $100, and c

Consider a simple bank that has assets of $120, short-term credit of $100, and capital of $20. Short-term credit must be repaid or rolled over (borrowed again) when it comes due. …

Consider a simple bank that has assets of $90, checking deposits of $70, and cap

Consider a simple bank that has assets of $90, checking deposits of $70, and capital of $20. Recall from chapter 4 that checking deposits are liabilites of a bank. Complete the ba…

Consider a simple economy consisting of only four firms. Firm A, a mining enterp

Consider a simple economy consisting of only four firms. Firm A, a mining enterprise, extracts iron ore. Firm B, a steelmaker, produces steel sheets. Firm C, a carmaker, makes aut…

Consider a simple economy consisting of only four firms. Firm A, a mining enterp

Consider a simple economy consisting of only four firms. Firm A, a mining enterprise, extracts iron ore. Firm B, a steelmaker, produces steel sheets. Firm C, a carmaker, makes aut…

Consider a simple economy consisting of three sectors: food, clothing, and shelt

Consider a simple economy consisting of three sectors: food, clothing, and shelter. The production of 1 unit of food requires the consumption of .4 unit of food, .2 unit of clothi…

Consider a simple economy producing only three goods beer, pretzels, and tomatoe

Consider a simple economy producing only three goods beer, pretzels, and tomatoes. The price and output data are presented below. Use the date to answer the next two questions. Pr…

Consider a simple economy that produces only croquettes. The following table con

Consider a simple economy that produces only croquettes. The following table contains Information on the economy's output, money supply, velocity of money, and price level. For ex…

Consider a simple economy that produces only latkes. The following table contain

Consider a simple economy that produces only latkes. The following table contains information on the economy's output, money supply, velocity of money, and price level. For exampl…

Consider a simple economy that produces only latkes. The following table contain

Consider a simple economy that produces only latkes. The following table contains information on the economy's output, money supply, velocity of money, and price level. For exampl…

Consider a simple economy that produces only pies The following table contains i

Consider a simple economy that produces only pies The following table contains information on the economy's money supply, velocity of money. price level, and output. For example 2…

Consider a simple economy that produces only pizzas. The following table contain

Consider a simple economy that produces only pizzas. The following table contains information on the economy's money supply, velocity of money, price level, and real GDP. Year: 20…