Economics

1. Complete the following schedule of data for a perfectly competitive firm. Q T

1. Complete the following schedule of data for a perfectly competitive firm. Q TC ATC MC PRICE TR MR PROFIT 0$ 20.00 ______ $26.50 ______ ______ _______ ______ 131.50 ______ _____…

1. Complete the following schedule of data for a perfectly competitive firm. Q T

1. Complete the following schedule of data for a perfectly competitive firm. Q TC ATC MC PRICE TR MR PROFIT 0$ 20.00 ______ $26.50 ______ ______ _______ ______ 131.50 ______ _____…

1. Complete the following table of cost figures and then graph the information.

1. Complete the following table of cost figures and then graph the information. Output            Total   Total               Total               Average         Average         M…

1. Compute the short-term solvency ratios: current ratio, quick ratio 2. Compute

1. Compute the short-term solvency ratios: current ratio, quick ratio 2. Compute the long-term solvency ratios: total-debt-to-total-invested-capital ratio, total-debt-to-total-equ…

1. Conditions for monopolistic competition Consider the monopolistically competi

1. Conditions for monopolistic competition Consider the monopolistically competitive market structure, which has some features of a competitive market and some features of a monop…

1. Conditions for monopolistic competition Consider the monopolistically competi

1. Conditions for monopolistic competition Consider the monopolistically competitive market structure, which has some features of a competitive market and some features of a monop…

1. Conditions for monopolistic competition Consider the monopolistically competi

1. Conditions for monopolistic competition Consider the monopolistically competitive market structure, which has some features of a perfectly competitive market and some features …

1. Conduct an Internet search on the \"national debt to the penny.\" How much is

1. Conduct an Internet search on the "national debt to the penny." How much is the current national debt? Once you find out the size of the debt, determine if the federal governme…

1. Consider 2 countries, Avataria and Twilightia, which can be described by the

1. Consider 2 countries, Avataria and Twilightia, which can be described by the Solow model. Avataria has a capital-labor ratio that is initially twice as big as that of Twilighti…

1. Consider 2 policies: A) The government requires everyone to buy a standard he

1. Consider 2 policies: A) The government requires everyone to buy a standard health insurance package that costs $5000; B) The government taxes everybody $5000 but cuts taxes by …

1. Consider a bond paying a coupon rate of 12.25% per year semiannually when the

1. Consider a bond paying a coupon rate of 12.25% per year semiannually when the market interest rate is only 4.9% per half-year. The bond has six years until maturity. a. Find th…

1. Consider a community of 3 households. The marginal benefit/inverse demand for

1. Consider a community of 3 households. The marginal benefit/inverse demand for police protection services (denoted as S) for each household is given below: MB1 = 210 – S MB2 = 1…

1. Consider a country in which Y = 200 K2/5N 3/5. Assume in this country they sa

1. Consider a country in which Y = 200 K2/5N 3/5. Assume in this country they save 20% of their income, population grows at 3% per year, and depreciation of capital occurs at 10% …

1. Consider a country that produces only two products: computers and motorcycles

1. Consider a country that produces only two products: computers and motorcycles. Sales and price data for these two products for two different years are as follows: Number of Com…

1. Consider a country that produces only two products: computers and motorcycles

1. Consider a country that produces only two products: computers and motorcycles. Sales and price data for these two products for two different years are as follows Number of Comp…

1. Consider a firm that produces dog beds. Suppose all of the workers in the fir

1. Consider a firm that produces dog beds. Suppose all of the workers in the firm get together and form a union. (Assume that the firm cannot hire non-union workers.) Given your k…

1. Consider a firm that produces output from capital and labor according to the

1. Consider a firm that produces output from capital and labor according to the production function q = 10LK. The price of capital (r) is $120 per unit. The price of labor (w) is …

1. Consider a firm using labor and capital as its only inputs. The price of capi

1. Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capita…

1. Consider a firm with the following production schedule and a fixed cost in th

1. Consider a firm with the following production schedule and a fixed cost in the short run of 19. This fixed cost comes from using the unique quantity of the fixed input that min…

1. Consider a game in which Player 1 first selects between L and R. If Player 1

1. Consider a game in which Player 1 first selects between L and R. If Player 1 selects L, then players 1 and 2 play a prisoner’s dilemma game represented in the strategic form ab…

1. Consider a game played between an athlete (player 1) and a drug testing offic

1. Consider a game played between an athlete (player 1) and a drug testing officer (player 2). The athlete has two strategies: not use illegal drugs (N) or use illegal drugs (U). …

1. Consider a hedonic pricing model of education attainment. It is expected that

1. Consider a hedonic pricing model of education attainment. It is expected that indifference curves would be: downward sloping because the quality of education has declined over …

1. Consider a labor market under the assumption of perfect competition. Let the

1. Consider a labor market under the assumption of perfect competition. Let the labor demand and supply curves be given by Ld =-100w + 900 and Ls = 100w, respectively, where w den…

1. Consider a labor market under the assumption of perfect competition. Let the

1. Consider a labor market under the assumption of perfect competition. Let the labor demand and supply curves be given by Ld--100w + 900 and Ls = 100w, respectively, where w deno…

1. Consider a market of two small breweries located across the street from each

1. Consider a market of two small breweries located across the street from each other. Market demand is P = 20 – 0.5Q where Q is the number of beer pints per day. Both firms have …

1. Consider a monolopy where the inverse demand for its product is given by P =

1. Consider a monolopy where the inverse demand for its product is given by P = 50-2Q. Total costs for this monopolist are estimnated to be C(Q) = 100 + 2Q + Q^2. At the Profit-ma…

1. Consider a monopolist with no production costs. For each of the de- mand func

1. Consider a monopolist with no production costs. For each of the de- mand functions below find the marginal revenue functions. (a) P 10-Q (b) F-10- (c) P 20-Q (d) P= 20-5Q (e) P…

1. Consider a monopolistic market with market demand function q = 8 2p. Also sup

1. Consider a monopolistic market with market demand function q = 8 2p. Also suppose marginal cost of production is constant and equal to 2. Part I In this part we examine the fac…

1. Consider a monopolistic team that chooses attendance, Q (measured in millions

1. Consider a monopolistic team that chooses attendance, Q (measured in millions), to maximize profit. Let its demand be   P = 100 – 20Q which results in marginal revenue of   MR …

1. Consider a pollutant for which the damages are well understood, but the costs

1. Consider a pollutant for which the damages are well understood, but the costs of abatement are uncertain. Initial emissions in the industry are 2400 units. The Marginal Abateme…

1. Consider a price-taking producer of a certain service. She requires two input

1. Consider a price-taking producer of a certain service. She requires two inputs to produce this service: input A and input B. She can adjust the quantity of input A immediately,…

1. Consider a relatively competitive market, as we have studied in class, for a

1. Consider a relatively competitive market, as we have studied in class, for a for a conventional market good or service. a. Draw a picture of this market in equilibrium. b. Star…

1. Consider a representative consumer who has preferences over an aggregate cons

1. Consider a representative consumer who has preferences over an aggregate consumption good c and leisure l. Her preferences are described by the utility function: U (c, l) = ln(…

1. Consider a simple two period model of production of a depletable resource. Th

1. Consider a simple two period model of production of a depletable resource. The sum of production in each period is equal to the total resource endowment, or O q, +q Assume the …

1. Consider a single firm facing inverse demand function p=100-10q where q is th

1. Consider a single firm facing inverse demand function p=100-10q where q is the quantity of the good produced and p is the price for the good. The firm has linear cost function …

1. Consider a version of the open economy version of the IS-LM framework. Y = C

1. Consider a version of the open economy version of the IS-LM framework. Y = Cd + Id + G + X - Q ; let = 1 Cd = c0 + c1 (Y - T) Id = i0 - i1 * r + i2Y X = x0 + x1Y* Q = q0 + q1Y …

1. Consider an economy in which C = 1000 + 0.75 Y D , I = 200, G = 300, T = 300,

1. Consider an economy in which C = 1000 + 0.75YD, I = 200, G = 300, T = 300, and (X-M) = 0. A. Calculate equilibrium GDP. (3 points) B. Calculate saving at this level of GDP. Hin…

1. Consider an economy in which autonomous consumption is 800, the marginal prop

1. Consider an economy in which autonomous consumption is 800, the marginal propensity to consume is 0.8, investment is 400, government spending is 500, taxation is 400, and net e…

1. Consider an economy that produces only three types of fruit: apples, oranges,

1. Consider an economy that produces only three types of fruit: apples, oranges, and bananas. Production and price data of year 1 are as follows: Fruit Apples Bananas Oranges Quan…

1. Consider an economy with a reserve requirement m = 0.25, and assume that bank

1.   Consider an economy with a reserve requirement m = 0.25, and assume that banks, on average, keep some excess reserves. The value of the money multiplier will be (a)   equal t…

1. Consider an economy without production in which there are two goods and two c

1. Consider an economy without production in which there are two goods and two consumers. The endowment of good l is 1-10 and the endowment of good 2 is 2-20. The preferences of i…

1. Consider an entrepreneur who has decided to follow through on a business vent

1. Consider an entrepreneur who has decided to follow through on a business venture. He has quit his job where he was employed as a Medical Assistant earning $2,500 a month, and h…

1. Consider an income support program (similar to AFDC before 1967) in which a f

1. Consider an income support program (similar to AFDC before 1967) in which a family of four is guaranteed an income of $1500 per month, so that if their income Y is greater than…

1. Consider an industry that is made up of nine firms each with a market share (

1. Consider an industry that is made up of nine firms each with a market share (percent of sales) as follows: Firm A: 30% Firm B: 20% Firm C, D, and E: 10% each Firms F, G, H, and…

1. Consider an insurance model a la Mossin, in which an agent with weath W can e

1. Consider an insurance model a la Mossin, in which an agent with weath W can experience a loss L with some probability . The agent’s VNM utility is CARA with coefficient of abso…

1. Consider an offshoring model in which Home’s high-skilled labor has a higher

1. Consider an offshoring model in which Home’s high-skilled labor has a higher relative wage than Foreign’s high-skilled labor and in which the costs of capital and trade are uni…

1. Consider congestion tolls in the context of airport traffic. We will repeat s

1. Consider congestion tolls in the context of airport traffic. We will repeat some math presented in class (and available on the class website) to further focus attention to some…

1. Consider congestion tolls in the context of airport traffic. We will repeat s

1. Consider congestion tolls in the context of airport traffic. We will repeat some math presented in class (and available on the class website) to further focus attention to some…

1. Consider congestion tolls in the context of airport traffic. We will repeat s

1. Consider congestion tolls in the context of airport traffic. We will repeat some math presented in class (and available on the class website) to further focus attention to some…

1. Consider congestion tolls in the context of airport traffic. We will repeat s

1. Consider congestion tolls in the context of airport traffic. We will repeat some math presented in class (and available on the class website) to further focus attention to some…