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Economics *Micro

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Writing Skills Part 4
1.When creating a writing plan,which of the following should come first? *A.Material that will capture the reader's interest B.The first section of the body of the essay C.A brief summary of the conclusion 2.Which two things must be accomplished by the introduction if the ...

Managerial Economics
I am completely lost in working this problem. 1. The total operating avenues of a public transportation authority are$100 million while its operating costs are $120 million. The price of a ride is $1, and the price of elasticity of demand has been estimated to be -0.4. By law...

economics
You have been hired by a local used car dealer to help in their pricing of used cars. (Hey, it’s temporary thing, just to help you earn some extra cash.) They want to know whether the prices of the cars they sell are more influenced by the age of the car or by the mileage on...

Managerial Economics
I'm not sure I see the light here....Can the economyst help me super size this?!?!?! Thanks! 2) When McDonald’s Corporation reduced its price of the Big Mac by 75% if customers also purchased french fries and a soft drink, the Wall Street Journal reported that the company ...

Economics
1. Why is it difficult for the fed to prevent recessions by lowering interest rates A. The Fed can change the rate only once each year. B. It can take years for local banks to change their rates. C. The Fed's rate does not affect business loans. D. It can take businesses years...

Economics
When Burton Cummings graduated with honors from the Canadian Trucking Academy, his father gave him a $350,000 tractor-trailer rig. Recently, Burton was boasting to some fellow truckers that his revenues were typically $25,000 per month, while his operating costs (fuel, ...

Economics
When Burton Cummings graduated with honors from the Canadian Trucking Academy, his father gave him a $350,000 tractor-trailer rig. Recently, Burton was boasting to some fellow truckers that his revenues were typically $25,000 per month, while his operating costs (fuel, ...

Economics
Which of the following events would unambigously cause a decrease in the equilibrium price of cotton shirts? a. an increase in the price of wool shirts and a decrease in the price of raw cotton b. a decrease in the price of wool shirts and a decrease in the price of raw cotton...

economics
can someone give me an example of an industry that has positive and negative externality affected on the economy Lawyers. Pharmacecutial companies. Fast Food Industries (consider the long term health car costs of eating that stuff) Tobacco Gambling in fact, most of the Sin ...

Economics
I have the following question in my assignment: The cost of producing stero systems has fallen over the past several decades. A:Use the supply-and-demand diagram to show the effects of fallaing production costs on the price and quantity of steros sold. B:In you diagram, show ...

economics
Mexico produce only two goods, fish and coconuts. They only consume goods produced within their own country and do not trade with anyone. However Mexico needs more fish now.if they produce more fish they have to give up more coconuts. In the neighbor country, Canada has lower ...

managerial economics
Twenty first century electronics has discovered a theft problem at its warehouse and decided to hire security guards. The firm wants to hire the optimal number of security guards. The following table shows how the number of security guards affects the number of radios stolen ...

Economics
a. If total expenditures (Social security) were frozen, what would happen to benefits per retiree? To tax payments per worker? (Assume that social security taxes and receipts are balanced in each year) b. If benefits per retiree were frozen, what would happen to total ...

English
I had to rewrite sentences so that there were no longer fragments are they correct? 1. The idea of a credit card first appeared in 1887, according to Lawrence M. Ausbel, author of “Credit Cards,” in the McGraw- Hill Encyclopedia of Economics. 2. Originally an imaginary ...

Economics
1) In which of the following situations would someone have to pay a gift tax? A. A relative dies and leaves you $13,000 in the will. B. Your cousin gives you a car worth $1,700. C. Your grandmother gives you $13,000 toward college. <<--- 2)Which of the following has ...

Economics
The production engineers at Impact industries have derived the expansion path shown in the following figure. The price of labor is $100 per unit. a. What prices does an impact industry pay for capital? b. If the manager at impact decides to produce 180 units of output, how ...

Economics
Can you tell me please if my answer is right to the following question? The question: present Adam Smith's theory of value and limitations. 1. Labor cost: he supported that everyone must produce his own goods using own labor and exchange the surplus with other goods. In this ...

economics
(2 points) Suppose that the following equations describe an economy (C, I, G, T, and Y are measured in billions of dollars and r is measured in percent; for example, r = 10 means r = 10%) 􀜥􀵌170􀵅0.6...

Economics
Help The answer i got is : GDP grew 10% GDP for 2006 using 2005 as the base year increase by 20% real GDP grow? 10% If i'm right, let me know, if not, please show Calculation Thank You Use the following data to answer questions 1-3 (be sure to provide all calculations). ...

Economics
adam smith supported three different views of theory of value (are the followings correct, i will add them to my essay) 1. Labor cost: he supported that everyone must produce his own goods using own labor and exchange the surplus with other goods. In this model of society no ...

finance/math
A group of economics students gathered to study for a test on the money and banking system in the U.S. During a fast and furious brainstorm session, Jill scribbled down several key phrases she will use to study tomorrow. Unfortunately, in her haste, all the statements in her ...

economics
ugh my book gives us the easy stuff and then our homework makes no sense. if someone could help me out by directing me to any other sites or just explaining how it works and any formulas it would be great. i want to understand what i'm doing but when my teacher doesn't really ...

Economics
3. Starting from short-run equilibrium, the following occurs: Labor productivity rises, and individuals expect higher (future) incomes. What will be the effects on the price level, Real GDP, and the unemployment rate in the short run? a.Real GDP will fall, the unemployment ...

Economics
3. Starting from short-run equilibrium, the following occurs: Labor productivity rises, and individuals expect higher (future) incomes. What will be the effects on the price level, Real GDP, and the unemployment rate in the short run? a.Real GDP will fall, the unemployment ...

Economics/ Interest Rate
Let's consider a three-month U.S. government bond. The interest rate on these loans is very low because it includes only two of the five components. Which two components of the interest rate are most important for a three-month T-bond?? -Positive rate of time preference -...

economics
Suppose that the demand curve for wheat is Q= 100-10P and the supply curve is Q=10P. The government imposes a price support at Ps= 6 using a deficiency program. 1.What is the quantity supplied and the priced cleared by the market, and the deficiency payment? 2.Graph you ...

Economics
The chapter is on Production and costs in thelong run, we are given a long run expansion path graph, all through out the book we are given labor cost and capital cost, ie. price of labor $5 dollars per unit(w), price of capital $10 per unit (r). Then I get the following ...

economics
since the AC curve in the problem is upward-sloping everywhere, it is not possible to construct a zero-profit equilibrium given the assumptions of the problem (this outcome requires a U-shaped AC curve). this problem will consider an alternative example where a long-run ...

Economics
Suppose that there are 1,000 hot-pretzel stands operating in Toronto. Each stand has the usual U-shaped average total cost curve. Both the market demand curve and the supply curve for pretzels are linear, and the market for pretzels is in long-run competitive equilibrium. a) ...

physical education/sport
explain the view that physical education is a process of educating the whole person Chloe, this is just my opinion, but it is supported by both physiology and psychology. Just as a brain needs age and experience to mature to its potential, the body needs the same thing. Think ...

managerial economics
A golf-course operator must decide what greens fees (prices) to set on rounds of golf. Daily demand during the week is Pd = 36 –Qd/10 where Qd is the number of 18 hole rounds and Pd is the price per round. Daily demand on the weekend is Pw = 50 – Qw/12. As a practical ...

Economics
The economy consists of the following: - working-age population: 20M - full time employment: 8M - part-time employment: 2M (1M of whom wish they had full-time jobs) - unemployment: 1M If 0.6M of those unemployed are frictionally, structurally, and seasonally unemployed, what ...

Algebra
How would I complete this problem? Geometry. The area of a rectangle of length x is given by 3x^2 + 5x. Find the width of the rectangle. I think the width is 3x+5 but not sure. Subjects Art Business Computers English Foreign Languages Health Home Economics Mathematics Music ...

Managerial Economics
Dr. Jeraisy, a well-known plastic surgeon, has a reputation for being one of the best surgeons for reconstructive nose surgery. Dr. Jeraisy enjoys a rather substantial degree of market power in this market. She has estimated demand for her work to be: Q = 480 – 0.2P Where Q ...

Managerial Economics
Dr. Jeraisy, a well-known plastic surgeon, has a reputation for being one of the best surgeons for reconstructive nose surgery. Dr. Jeraisy enjoys a rather substantial degree of market power in this market. She has estimated demand for her work to be: Q = 480 – 0.2P Where Q ...

Economics
The Fed conducts an open market purchase of securities. Explain the effects of this action in the short run and the long run on: a)The quantity of money b)The quantity of money demanded c)The nominal interest rate d)The real interest rate e)Real GDP f)The price level Take a ...

International Economics
Please use one graph per country and show both the autarky and the free trade equilibrium on each graph. Consider the following data on the factor endowments of two countries A and B: Countries Factor Endowments A B Labor force: L 100 workers 50 workers Capital Stock: K 60 ...

Advanced Economics
I know that equilibrium is a static status in model in which relevant constraints are enough so that it is restrictive to ylied testable implications (From Proffesor N.S.Cheung) while disequilibrium is the opposed. HOWEVER, STILL I have questions that are important in ...

economics
I answered some questions. pls check if they are correct and pls help in questions e and f. Production Possibilities Possibility Maximum Units of Good A Maximum Units of Good B a 200 0 b 180 60 c 160 100 d 100 160 e 40 200 f 0 220 a. Plot these production possibilities, label ...

To: Economyst
Hi there. You helped me with a couple of questions regarding Econ. I appreciate the help but my issue is I don't understand how you calculate the minimum average variable cost or the output that maximizes profit. I do understand that the price is more than the AVC so they ...

Economics
Budweiser (now owned by a Belgium based beer company), Miller and Coors who together produce 85% of all beer consumed in the US, each spend well over $250 million a year on television advertising campaigns, promoting their beer brands. Obviously, if one firm is advertising its...

micro
On one society A the price of an apple is $3 and the price of an orange is $7, while on socity B the apple and orange are the same price, $4. society A people consume 10 apples and 8 oranges while societyB people consume 8 apples and 12 oranges. Which society is better off? ...

economics
Part 1 A firm has the current liabilities and equity financing on its balance sheet. The firm has taxable income that puts it in a 38% federal tax bracket, and the state in which it operates levies a 6.5% income tax. Compute the firm’s weighted average cost of capital. ...

Economics
5. (Ch. 17 # 5) Sparkle is one firm of many in the market for toothpaste, which is in long-run equilibrium. a. Draw a diagram showing Sparkle’s demand curve, marginal revenue curve, average cost curve, and marginal cost curve. Label Sparkle’s profit-maximizing output and ...

Economics
6. The chapter uses the analogy of a "leaky bucket" to explain one constraint on the redistribution of income. a. What elements of the U.S. system for redistributing income create the leaks in the bucket? Be specific. b. Do you think that Republicans or Democrats generally ...

Economics
Assume that you are considering a 7-night vacation to Fort Walton Beach, Florida, in March. You estimate the total cost of the trip to Fort Walton Beach at $1,250, including discounted airfare. However, a resort at Myrtle Beach, South Carolina, is offering 3 free nights with a...

economics
When the price of X is $1 and the price of Y is $1 and income is I, Joe Panther spends $100 on good X. One day Joe is walking down Downer street and is dismayed to discover that the price of good X has increased to $2. However, moments later Joe is delighted to find a $100 ...

Economics
A tract of land is found to contain a plant from which drug companies can extract a newly discovered cancer-fighting medicine. This variety of plant does not grow anywhere else in the world. Initially, the many owners of lots within this trtact, who had not planned to use the ...

Economics
. A bumper crop of farm products causes: A. only a slight decline in the price of farm products because the demand for farm products is income inelastic. B. a large decline in the price of farm products because the demand for farm products is price inelastic. C. only a slight ...

ECON 4346
4-The three fundamental economic questions of what, how, and for whom: a-exist because of scarcity. b-are much more serious in a socialist system. c-are not serious in a capitalistic system. d-are not relevant in the industrialized world of today. 5-When the market price is ...

economics
why do governments provide certain goods instead of leaving the provision of those goods to the free market? Plenty of reasons. 1) the good could be a public good, like national defense. (look up the characteristics of a public good). 2) it could be a merit good, something ...

Economics
Upper Slobbovians smoke 10 million cigarettes per year, so do Lower Slobbovians. To discourage smoking, each country imposes an excise tax of 50 cents per pack. As a result, the price of cigarettes rises by 35 cents in upper Slobbovia, but only by 15 cents in lower Slobbovia ...

Economics
The assessed value of Patty's residential property was $200,000 in 2004. In 2006, the assessed value increased to $225,000. The property tax rate in both years was 1.2 percent. Patty earned $60,000 each year. Determine Patty’s property taxes for 2004 by calculating 1.2 ...

Economics
From reading a paragraph, I gathered following facts. Bills and coins outside the bank: 175 Checkable deposits 418 savings and time deposits 1782 currency inside bank 28 central bank deposit 186. so.. the banks reserve is 186+28=214 monetary base: 186 + 175 = 361 M1: 418 + 175...

economics
Okay might be a studpid question, but I am asking anyway: the question goes like: A US dollar costs 7.5 Norweigian kr, but at the same dollar can be purchased for 1.25 Swiss francs. What is the Norweigian Kr/Swiss franc exchange? My answer would be: Først to calculate what 1 ...

economics-to Ms Sue OR ANYONE
I HAVE TO PREPARE A PROJECT ON 'CONSUMER AWARENESS'(CLASS 10TH). SO CAN YOU PLZZZ TELL ME THAT WHAT IS TH NEED OF CONSUMER AWARENESS IN TODAY'S WORLD?& HOW CONSUMERS ARE EXPLOITED? &SOME MORE INFORMATION ABOUT 'CONSUMER AWARENESS'. ALSO PLZZZ GIVE SOME TIPS ON PREPARING A ...

Economics
Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film: Film Orson Alfred Woody Ingmar 1st. $7 $5 $3 $2 2nd. 6 4 2 1 3rd. 5 3 1 0 4th. 4 2 0 0 5th. 3 1 0 0...

economics
A firm that sells e-books – books in digital form downloadable from the Internet – sells all e-books relating to do-it-yourself topics (home plumbing, gardening, and so on) at the same price. At present, the company can earn a maximum annual profit of $25,000 when it sells...

Biochem
Computers English Foreign Languages Health Home Economics Math Music Physical Education Science Social Studies GRADE LEVELS Preschool Kindergarten Elementary School 1st Grade 2nd Grade 3rd Grade 4th Grade 5th Grade 6th Grade 7th Grade 8th Grade High School 9th Grade 10th Grade...

Economics
There are two groups of individuals of equal size, each with a utility function given by U(M) = sq. root(M), where M = 100 is the initial wealth level for every individual. Each member of group 1 faces a loss of 36 with probability 0.5. Each member of group 2 faces the same ...

7th grade Literature help
Hi, I need to pick one of the options below, but they are hard. Option One seems like it will take forever because I need to turn this in today and it takes me forever to research things. Option Two seems hard because I don't know what the main character (Tayla) would take ...

Economics
ARBOC ARBEZ WHEAT COFFEE WHEAT COFFEE 120 0 120 0 0 30 0 20 8. The terms of trade are 2 units of wheat per unit of coffee, Arboc should produce which good? Arbez should produce which good? 9. The terms of trade are 5 units of wheat per unit of coffee, Arboc should produce ...

Economics
There are three industrial firms in Happy Vally. Initial Cost of Reducing Firm Pollution Level Pollution by 1 unit A 70 units $20 B 80 units $25 C 50 units $10 The government wants to reduce pollution to 120 units, so it gives each firm 40 tradable pollution permits. Basically...

Economics
There are three industrial firms in Happy Vally. Initial Cost of Reducing Firm Pollution Level Pollution by 1 unit A 70 units $20 B 80 units $25 C 50 units $10 The government wants to reduce pollution to 120 units, so it gives each firm 40 tradable pollution permits. Basically...

International Trade-Economics
The demand and supply curves for an import-competing industry in a country are given by: D = 500 – 10P, S = 100 + 10P. Similarly, the respective demand and supply curves of foreign country for this industry are given by D* = 400 – 10P, S* = 200 + 10P. a. What will be the ...

General Economics
• Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes manual labor for production will have low fixed costs and high variable costs. How would you ...

Economics
The market demand and supply curves for an agricultural product are as follows: Qd = 4,500 - 250P; Qs = 200P where quantities are in thousands of bushels per annum and price is in dollars per bushel. The government wishes to achieve a higher point on the supply curve than the ...

Government/Economics Check
Out of 48 questions I struggled with these. Could someone please check? These are multiple choice questions, so if I'm incorrect I can re evaluate my other choices. 1.) A system of social control under which a particular group has the power to make and enforce laws=Democracy 2...

economics
i have some questions please help Transportation equipment that was purchased in 2004 for $200,000 must be replaced at the end of 2009. what is the estimated cost of the replacement, based on, the following equipment cost index: Year INDEX YEAR INDEX 2004 223 2007 257 2005 238...

Economics-please
Getting back in time, when Nancy wa just about to open her account, and assuming she could choose among credit sources that offered differednt monthly balance determinations, and assunming further that Nancy would increase her outstanding balance over time, whcih credit source...

economics
Samantha Jones has a job as a pharmacist earning $30,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $40,000 per year or to purchase a pharmacy that generates revenue of $200,000 per year. To purchase the pharmacy, Samantha ...

Expansion Path Economics
I've been trying to find a solution to this without much success. I am given the following....The production engineers at Impact Industries have derived the expansion path shown in the following figure. The price of labor is $100 per unit. There is a graph showing the ...

Economics
This problem is based on the specific factors model. Consider the economy of the Shire that produces cereals and swords. Each industry employs Hobbits, but land is specific to the production of cereals, and metal is a specific factor in the sword industry. The amounts of land...

Economics- please check
Please check to see if my answers are correct. Complete each sentence by choosing the correct answer from the list of terms below. You will not use all of the terms. *normal good *complements *income effect *demand curve *ineleastic *inferior good *law of demand *unitary ...

Home Economics
What are some advertising techniques? http://www.google.com/search?as_q=&hl=en&num=10&btnG=Google+Search&as_epq=advertising+techniques&as_oq=&as_eq=&lr=&as_ft=i&as_filetype=&as_qdr=all&as_nlo=&as_nhi=&as_occt=title&as_dt=i&as_sitesearch=&as_rights=&safe=active

Physics
Home Economics Math Music Physical Education Science Social Studies GRADE LEVELS Preschool Kindergarten Elementary School 1st Grade 2nd Grade 3rd Grade 4th Grade 5th Grade 6th Grade 7th Grade 8th Grade High School 9th Grade 10th Grade 11th Grade 12th Grade College Adult ...

Managerial Economics
Suppose Bill is on a low-carbohydrate diet. He can eat only three foods: Rice Krispies, cottage cheese, and popcorn. The marginal utilities for each food are tabulated below. Bill is allowed only 167 grams of carbohydrates daily. Rice Krispies, cottage cheese, and popcorn ...

Economics
50. In both monopolistic competition and non-price-discriminating monopoly, isn't the marginal revenue curve lies below the demand curve? 51. A monopolistically competitive firm is producing an output level where marginal revenue is greater than marginal cost. This firm should...

managerial economics
The MorTex Company assembles garments entirely by hand even though a textile machine exists that can assemble garments faster than a human can. Workers cost $50 per day, and each additional laborer can produce 200 more units per day (i.e., marginal product is constant and ...

managerial economics
The MorTex Company assembles garments entirely by hand even though a textile machine exists that can assemble garments faster than a human can. Workers cost $50 per day, and each additional laborer can produce 200 more units per day (i.e./ marginal product is constant and ...

Populists
Are the populists liberal, reactionary or radical? Are there any websites that can view the different perspectives on populists during the late 1800's? -thanks The term liberal, reactionary, and radical are not very useful for describing views. example:What is the philosophy ...

Math (trigonometry)
MONDAY  December 3, 2012 SCHOOL SUBJECTS Art Business Computers English Foreign Languages Health Home Economics Math Music Physical Education Science Social Studies GRADE LEVELS Preschool Kindergarten Elementary School 1st Grade 2nd Grade 3rd Grade 4th Grade 5th Grade 6th ...

economics
give all answers in detail what is consumer awareness Need of consumer awareness Consumer law in india forms of consumer exploitation consumer protections-i)some perspectives ii)case study role of producers in protecting consumers advice to consumers,their duties conclusions ...

Economics
2) Earl’s production function is f(x1, x2) = x1^(1/2) * x2^(1/3), where x1 is the number of pounds of lemons he uses and x2 is the number of hours he spends squeezing them. His cost function is c(w1, w2, y) = 2w1^(1/2) * w2^(1/2) * y^(3/2), where w1 is the cost per pound, w2...

Economics
Earl’s production function is f(x1, x2) = x1^(1/2) * x2^(1/3), where x1 is the number of pounds of lemons he uses and x2 is the number of hours he spends squeezing them. His cost function is c(w1, w2, y) = 2w1^(1/2) * w2^(1/2) * y^(3/2), where w1 is the cost per pound, w2 is...

Economics
Production Possibilities Curve (PPC) Worksheet All PPC’s Reflect Increasing Opportunity Costs For Numbers 1-10, think the change affects all markets. On all graphs, place “Consumer Goods” on the X Axis and place “Capital Goods” on the Y. 1) Hurricane Katrina does ...

Economics
3. (i) Sleak Teak builds yard furniture using hardwoods and (in a smaller shop) handcrafted knick-knacks from the same sort of wood. The hardwood usage in the two lines of product are Yard Furniture: Y = 2 Ty - .001Ty2 Knick-knacks: Z = 20Tz - .01 Tz 2 where Y and Z are units ...

Economics
21. The EU is an example of a trading bloc, or _______, that has a common external tariff and no internal tariffs, and that coordinates laws to facilitate trade between member countries. A. strategic alliance B. joint venture C. common market D. multinational export assistance...

Economics Questions.
I am not quite sure about the following questions, is it True or False for each of the following? 1) The exchange rate (under PPP) between the dollar and the British pound would be 0.5 dollars per British pound if a pair of American jeans costs 50 dollars in New York and 100 ...

geography
What is the significance of this and what are the consquences. I don't understand the world of economics. Maybe a little help to get started. Thank you. Canacol Energy, an oil firm listed in Toronto and Bogota has a goal to increase its output to 35,000 barrels of crude oil ...

Economics
You have opened your own word processing service. You have already bought a special computer needed for word processing and paid $5,000 for it. However, due to the cost changes in the computer industry, the current price of an equivalent machine is $2,500. You could sell any ...

Economics
The answer i got is : GDP grew 10% GDP for 2006 using 2005 as the base year increase by 20% real GDP grow? 10% If i'm right, let me know, if not, please show Calculation Thank You Use the following data to answer questions 1-3 (be sure to provide all calculations). Quantity ...

Economics
five final goods and services that are not included on the GNP GNP is the sum of the market value of all final goods and services produced in a country over one year. So, to be excluded from GNP, the good or service a) generally cannot have a "market value", and b) is not one ...

U.S. and Global Economics
I'm in need of help really bad. I been sitting here( I got a serious butt ache) trying to figure out this answers and I only got question one. Plz at least explain these questions to me. I would highly appreciate it. :) you don't need to explain # 1 I got the answer. 1. Give ...

science
If the country is not increasing in population growth rate, what are some socio/economic problems that might occur? In such a situation, the average age of the population increases and, unless there is an actuarily sound retirement funding program (instead of "pay as you go", ...

ECONOMICS/ACCOUNTING/BUSINESS
PLS HELP, BEEN STUCK FOREVER ON TWO QUESTIONS, THIS IS ONE : There are usually no costs for the first 3 years, but thereafter maintenance is re- quired for restriping, weed control, light replacement, shoulder repairs, etc. For one section of a particular highway, these costs ...

Economics
Suppose that 20 workers were required in 2010 to produce 120,000 bushels of wheat on a 1,000-acre farm. a. What is the average output per acre? (?) bushels per acre What is the average output per worker? (?) bushels per worker b. If in 2020 only 16 workers produce 132,000 ...

economics 7
An electronics company advertises that the battery life of its new smart phone with normal usage averages 72 hours. The company says this is one of the desirable characteristics of the phone which makes the phone a better choice compared to competitor phones. Recently, the ...

economics
An electronics company advertises that the battery life of its new smart phone with normal usage averages 72 hours. The company says this is one of the desirable characteristics of the phone which makes the phone a better choice compared to competitor phones. Recently, the ...

economics (7)
An electronics company advertises that the battery life of its new smart phone with normal usage averages 72 hours. The company says this is one of the desirable characteristics of the phone which makes the phone a better choice compared to competitor phones. Recently, the ...

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