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Economics Questions
During a recession, a government decides to use fiscal policy to provide incentives for companies to...
Which of the following is true about scarcity? a. Scarcity forces us to make choices. b....
What is an appropriate government response to shift aggregate demand back to ADf? Select all that...
Suppose the market demand function is Q = 120 – 2P, and the marginal cost (in...
Use the business developed below. Explain the 10 assumptions that you used in developing this business.(...
Which of the following will cause the supply curve to shift to the left?
After drugs are legalized, the US government should tax their producers, which will result in huge...
For each of the following production functions, determine if the technology exhibits increasing, decreasing, or constant...
1. Is it a coincidence that both liberation theology and dependencia theory originated in this realm?...
why might measuring ampolicy change's welfare impact using consumer surplus result in a different amount if...
1) A common function in different financial markets is to A) determine the level of interest...
Suppose an individual utility function is (i) U = min (X1, X2) and (ii) U =...
How can a nation increase its stock of human capital if the population remains constant? Why...
What are the three major types of Foreign Exchange exposure that an MNE must deal with...
Citizen engagement in public administration is important. During the budget process what techniques/questions would you use...
Explain the derivation of the Short-Run Supply Curve for a firm in perfect competition.
Following table shows information about the demand for apples in the wholesale mar- ket. Price, P...
In the long run, the rate of return will tend toward normal. Economic profits will tend...
1. What is job rationing and how does it relate to unemployment? Explain what factors can lead...
What myths regarding Paleolithic societies and our own is Sahlins trying to debunk? What evidence does...
in a small open economy with full employment, consumption depends only on disposable income. National saving...
. Suppose utility is given by the following function: u(x, y) = min(2x, 3y) Suppose Px...
An economy is described by the following equations: Y = C + I + G C...
Suppose John has an income of $300 and spends his income to purchase two goods (X...
How does Sahlins’ analysis of Paleolithic society challenge the assumptions of neoclassical economic theory?
It's quite possible that there are many people in business who do not consider their implicit...
Consider the following three types of government failure discussed in chapter 11: a. rent seeking behavior...
Suppose that: 1) The interest rate on a one-year bond today is 3%; 2) The interest...
Suppose you manage a firm whose marginal product of capital is currently 16 and whose marginal...
In France and Spain, a Big Mac costs 1 euro. Yet the standard of living is...
explain the concept of a buyer's right to cover.
The South African Reserve Bank is the central bank of the Republic of South Africa. The...
Diagrammatically show how the privately efficient production differs from the socially optimal production due to the...
Given the total cost equation: TC=144 + 2Q + Q^2 what is the average cost when...
b) The consumers utility function is given by U(X,Y) = MIN(2X, 3Y), and the given bundle...
Ace Appliances, an appliance store, orders 100 toasters from Consolidated Electric (CE). The toasters CE ships...
When traffic gets congested, there are negative externalities. For big cities, this creates inefficiency. Could the...
Suppose a hypothetical country known as the “Penguin Island” has a civilian working age population of...
why minimum wage increases employment? not unemployment.
Find an example of a real-world situation which demonstrates the relationship between human relations and employee...
Show whether the following production functions exhibit increasing, constant, or decreasing returns to scale in K...
Major league baseball is exempt from laws designed to limit market power and it operates as...
The following factors influence a consumer decision making during purchase decisions. Psychological factors, 4P's, situational factors,...
Upon coming to office, President Obama has called for a review of U.S. policy in Afghanistan....
Explain two reasons why you should take the natural log of macroeconomic time series before you...
Discuss the impact of unemployment benefit on productivity and economic growth
By virtue of a contract, since 2014 Pfizer has held exclusive rights - in the U.S.,...
What do you think is the likelihood that Wendell Berry’s ideas for local economies would be...
What are the main operations of the organization?
How much must you deposit each year into your retirement account starting now and continuing through...
microeconomics Bob goes to the supermarket to buy milk and cereal. He has $20 to spend....
Consider a pure monopolist who faces demand Q= 205 - 2P and has a cost function...
What type of fiscal and monetary policy could be used during a recession period to stimulate...
Suppose there are two goods, good X and good Y . Both goods are available in...
4) In the perfectly competitive gadget industry there are 10 firms with identical costs given by...
Suppose that a dominant firm faces fringe competition with capacity K=12 units, and market demand Q=2096-4P....
Question 1. Relate to the following maximization problem: maximize z(x,y)=10x^0.5y^0.5 subject to the constraint 10x+5y=40. A) What...
An investor has $50,000 in a bank account at a 7% interest compounded annually. She can...
a) Suppose that Virgin enters the market with a pre-paid plan, charges $0.25 per minute and...
Over the course of 10 years, a country's population doubles. During this time, its GDP increases...
The airfreight market is best modelled as Cournot competition. This is because competing firms must hire...
A new production system for a factory is to be purchased and installed for $148,907. This...
The Bureau of Labor Statistics has found that the base-year expenditures of the typical consumer break...
For the below ME alternatives , which machine should be selected based on the PW analysis....
baseline duration baseline complete Actual cost to date EV PV Door 3 days 9600 70% 5000...
Problem 3. A price-taking firm produces an output Q which sells for a price of $20...
Problem 1. A perfectly competitive painted necktie industry has a large number of potential entrants. Each...
For th below two machines and based on CC analysis which machine we should select? MARR=10%...
Assume the the real GDP for 2018 was $18 Trillion and that for 2019 it was...
Draw a balance sheet for New Bank, which started its first day of operations with $6...
Economic growth is shown on a PPF curve by a. The curve moving to the left...
The situation in which unlimited wants exceed the limited resources available to fulfill those wants (Type...
(i) Describe the prescription of rationality for the inter-temporal choices. (ii) Which are the theoretical models...
Consider a Cournot duopoly of two identical cigarette producing firms, Warlboro and Cramel. They produce tobacco...
Sarah and David both have linear demand curves for lemonade. Sarah's demand curve for lemonade intersects...
8. Discuss why the Real GDP is a good measure of a countries economic well being...
If a tax on soda for buyers is eliminates and replaced with a $0.50 tax on...
Government Purchases 1500; Corporate Income Tax 400; Social Security Tax 1100; SalesTax, Excise Tax & Tariffs...
an economic estimate the elasticty of demand for baseball tickets to be 0.23 using this information...
1. Consider the following scenario. Wages for skilled and unskilled labor in the US are WS...
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