Economics

Consider an industry which has a total of six firms. We will use this data in th

Consider an industry which has a total of six firms. We will use this data in the next question as well. Output per firm is described by the following table: 1.) Carefully followi…

Consider an industry with a small number of firms with market power. Suppose the

Consider an industry with a small number of firms with market power. Suppose they sell identical products and have identical cost of production. If each firm posts a price without…

Consider an industry with two firms (duopoly) the produce a homogenous product (

Consider an industry with two firms (duopoly) the produce a homogenous product (same product). The two firms strategically choose their price (price is the choice variable, not qu…

Consider an industry with two firms that are simultaneously deciding whether to

Consider an industry with two firms that are simultaneously deciding whether to make costly safety investments such as sprinkler systems in a plant or escape tunnels in a mine. Un…

Consider an industry with two firms: Firm 1 and Firm 2. Each firm initially emit

Consider an industry with two firms: Firm 1 and Firm 2. Each firm initially emits 50 tons of air pollution as part of its production process. The government seeks to reduce emissi…

Consider an industry with two firms: Firm 1 and Firm 2. Each firm initially emit

Consider an industry with two firms: Firm 1 and Firm 2. Each firm initially emits 50 tons of air pollution as part of its production process. The government seeks to reduce emissi…

Consider an intertemporal model in which representative households choose consum

Consider an intertemporal model in which representative households choose consumption ,c (subscript t), money holdings, m(subscript t+1), and bond holdings, b (subscript t+1), to …

Consider an investment of $500,000 at time zero for machinery and equipment to b

Consider an investment of $500,000 at time zero for machinery and equipment to be depreciated using 8 year straight line depreciation starting in year 1 to year 8. Annual revenue …

Consider an investor who, on January 1, 2019, purchases a TIPS bond with an orig

Consider an investor who, on January 1, 2019, purchases a TIPS bond with an original principal of $111,000, an 10 percent annual (or 5 percent semiannual) coupon rate, and 15 year…

Consider an offshoring model in which Home country’s skill premium exceeds the F

Consider an offshoring model in which Home country’s skill premium exceeds the Foreign country’s skill premium. The other assumptions of the model are the same as in the one we di…

Consider an offshoring model in which: • Home’s wages for highly and less skille

Consider an offshoring model in which: • Home’s wages for highly and less skilled labors are higher than Foreign’s. WH > WH and WL > WL, Home’s skilled labor has a higher re…

Consider an open economy in which the real exchange rate is fixed and equal to o

Consider an open economy in which the real exchange rate is fixed and equal to one. Consumption, Investmentnt, and Government spending are given by: C=10+0.8 (Y-T), I=10, G=10, an…

Consider an open economy with a mango producer, many consumers, and a government

Consider an open economy with a mango producer, many consumers, and a government. In a given year, the mango producer grows 100 million boxes of mango and the market price for man…

Consider an overlapping generation set up with pay-as-you-go social security sys

Consider an overlapping generation set up with pay-as-you-go social security system in a hypothetical economy. There are 100 old retirees and 103 young workers at the current peri…

Consider an unemployment insurance program, which is designed as follows. If a p

Consider an unemployment insurance program, which is designed as follows. If a person works, he or she should contribute 0.55% of the earnings as the UI premium. In addition, his …

Consider and share international trade policies which serve yourself interests a

Consider and share international trade policies which serve yourself interests and those whcih best serve the global social interests. As a consumer describe your benefits regardi…

Consider coal as a strategic commodity that the citizens of your country can’t l

Consider coal as a strategic commodity that the citizens of your country can’t live without. The price for coal increases and such causes policy to suggest the need to source for …

Consider coffee produced in US and Mexico. We assume that coffee produced in two

Consider coffee produced in US and Mexico. We assume that coffee produced in two countries are identical, and that in US, coffee sells for $10 per pound. The exchange rate E$/peso…

Consider each of the five statements listed below. Read each statement and deter

Consider each of the five statements listed below. Read each statement and determine if it describes the income effect, the substitution effect, or neither. The price of lobster d…

Consider example 3.4, in the textbook, with the four basic outcomes for the Dow

Consider example 3.4, in the textbook, with the four basic outcomes for the Dow Jones Industrial Average (DJIA) over 2 consecutive days: O1 : The DJIA rises on both days O2 : The …

Consider fines for speeding. Assume that speeders can drive at either 75 mph or

Consider fines for speeding. Assume that speeders can drive at either 75 mph or 90 mph (the speed limit is 65 mph), and that the probability of being caught at either speed is .01…

Consider fines for speeding. Assume that speeders can drive at either 75 mph or

Consider fines for speeding. Assume that speeders can drive at either 75 mph or 90 mph (the speed limit is 65 mph), and that the probability of being caught at either speed is .01…

Consider five depreciation schedules: Year [A] [C] [D] 1 $45.00 $29.00 $58.00 $2

Consider five depreciation schedules: Year [A] [C] [D] 1 $45.00 $29.00 $58.00 $29.00 2 36.00 46.40 34.80 29.00 3 27.00 27.84 20.88 29.00 4 18.00 16.70 12.53 29.00 5 9.00 16.70 7.5…

Consider following information being for a manufacturing company: Revenues = $4,

Consider following information being for a manufacturing company: Revenues = $4,250,000 Labor expenses = $ 1,550,000 Material costs = $ 785,000 Depreciation = $ 332,500 Office sup…

Consider following information being for a manufacturing company: Revenues = $4,

Consider following information being for a manufacturing company: Revenues = $4,250,000 Labor expenses = $ 1,550,000 Material costs = $ 785,000 Depreciation = $ 332,500 Office sup…

Consider following market A. The consumer surplus at equilibrium is ____________

Consider following market A. The consumer surplus at equilibrium is _____________ B. The producer surplus at equilibrium is _______________ C. For the supply and demand curves sho…

Consider following the following situations and answer which of the following is

Consider following the following situations and answer which of the following is most appropriate to use in order to determine absolute advantage of a nation vis-à-vis another nat…

Consider four markets for luxury yachts, Markets A, B, C, and D. The demand for

Consider four markets for luxury yachts, Markets A, B, C, and D. The demand for yachts in Market A is perfectly elastic. In Market B the price elasticity of demand, as an absolute…

Consider golfers who led the PGA in winnings at different points in time. Note t

Consider golfers who led the PGA in winnings at different points in time. Note that the winnings are nominal figures (unadjusted for inflation). Use the formula for converting nom…

Consider golfers who led the Professional Golfers Association of America (PGA) i

Consider golfers who led the Professional Golfers Association of America (PGA) in winnings at different points in time. Note that the winnings are nominal figures (unadjusted for …

Consider golfers who led the Professional Golfers\' Association of America (PGA)

Consider golfers who led the Professional Golfers' Association of America (PGA) in winnings at different points in time. Note that the winnings are nominal figures (unadjusted for…

Consider government spending in Solow growth model. The production function take

Consider government spending in Solow growth model. The production function takes the form as Yt = F(Kt, Gt, Lt) = Kt Gt ,Lt1-- where > 0, > 0. Kt is aggregate capital stock…

Consider how each of the following events is likely to affect real GDP? Do you t

Consider how each of the following events is likely to affect real GDP? Do you think the change in real GDP reflects a similar change in economic well-being? a. A hurricane in Flo…

Consider how health insurance affects the quantity of health care services perfo

Consider how health insurance affects the quantity of health care services performed. Suppose that the typical medical procedure has a cost of $160, yet a person with health insur…

Consider how unemployment would affect the Solow growth model. Suppose that outp

Consider how unemployment would affect the Solow growth model. Suppose that output is produced according to the production function Y = K^a(1-U)L^1-a , where K is capital, L is th…

Consider if market demand is downward sloping ang that all firms in a competitiv

Consider if market demand is downward sloping ang that all firms in a competitive market are initially in long run and the short run equilibrium. All firms have U shaped margianl …

Consider labor supply in the presence of fixed time costs of work. That is, it t

Consider labor supply in the presence of fixed time costs of work. That is, it takes someone t hours to walk to and from work each day. From a worker’s perspective, time spent on …

Consider labor supply in the presence of fixed time costs of work. That is, it t

Consider labor supply in the presence of fixed time costs of work. That is, it takes someone t hours to walk to and from work each day. From a worker’s perspective, time spent on …

Consider ouf grapn of the basic Solow growth model. Fin LF equilibrium) steady s

Consider ouf grapn of the basic Solow growth model. Fin LF equilibrium) steady state On the graph above: y represents real output (or income) per worker; y-FCE ) is the production…

Consider our standard model of the economy, with two goods (wheat and cloth) and

Consider our standard model of the economy, with two goods (wheat and cloth) and two factors (land and labor).  Assume that wheat production is land-intensive. Suppose a decrease …

Consider pepper jack cheese and parmesan cheese markets for the US. The domestic

Consider pepper jack cheese and parmesan cheese markets for the US. The domestic market equilibrium price and quantity for pepper jack is $10 and 100 respectively. On the other ha…

Consider public policy aimed at smoking. Studies indicate that the price elastic

Consider public policy aimed at smoking. Studies indicate that the price elasticity of demand for cigarettes is about 0.5 If a pack of cigarettes currently costs $5 and the govern…

Consider public policy aimed at smoking. a. Studies indicate that the price elas

Consider public policy aimed at smoking. a. Studies indicate that the price elasticity of demand for cigarettes is about 0.4. if a pack of cigarettes currently costs $2 and the go…

Consider senario 4C more closely a) if the $90 million environmental impact is a

Consider senario 4C more closely a) if the $90 million environmental impact is accurate, wahtis the environmental cost per barrel(based on your calculated equilibrium quantity) b)…

Consider separately each of the following hypothetical scenarios about South Afr

Consider separately each of the following hypothetical scenarios about South Africa and answer the included questions. Assume in each case that medical school has a success rate o…

Consider some alternative policies open to governments that want to narrow the w

Consider some alternative policies open to governments that want to narrow the widening wage gap between high-paid and low-paid workers. The government could encourage greater edu…

Consider some determinants of the price elasticity of demand: A good with many c

Consider some determinants of the price elasticity of demand: A good with many close substitutes is likely to have relatively----------------   demand, since consumers can easily …

Consider specific products. a) When should the government regulate specific prod

Consider specific products. a) When should the government regulate specific product markets and when should we let supply & demand do their job? (Don't get bogged down in "big…

Consider that in 2015, the average college student in the US purchased 99 textbo

Consider that in 2015, the average college student in the US purchased 99 textbooks at a price of $90 per book and enrolled in 25 credit hours of classes at a price of $350 per cr…

Consider that the labor market is characterized by the following two equations:

Consider that the labor market is characterized by the following two equations: The wage setting equation: = ! , , where W = nominal wage; Pe = expected price; u = unemployment; z…