Recent Homework Questions About Economics
Suppose you earned $50,000 last year, and inflation is at 5%. You receive a salary increase of $2,000. Explain your increase salary in nominal and real terms. Did you receive an increase?
Monday, November 26, 2012 at 11:20pm
Derive the profit level at this profit maximizing levels of p and q (p = 55) and q = 50. Where the demand curve for a monopoly is p=105-q. Its cost function is C= 100+5q?
Monday, November 26, 2012 at 5:02pm
Secondhand Smoke Kills 600,000 People a Year: Study Secondhand smoke globally kills more than 600,000 people each year, accounting for 1 percent of all deaths worldwide, according to a new study. . . . Researchers estimated that annually secondhand smoke causes about 379,000 ...
Saturday, November 24, 2012 at 6:32pm
Saturday, November 24, 2012 at 7:16am
Sorry, which page...I can't see the news
Friday, November 23, 2012 at 4:40pm
5. If the average adult produces $90,000 of output per year, how much output is lost as a result of adult deaths from secondhand smoke, according to the News on page 74? $
Friday, November 23, 2012 at 4:39pm
Friday, November 23, 2012 at 7:45am
Economics, General Program Section 2
I'll be glad to check your answer.
Friday, November 16, 2012 at 5:47pm
Economics, General Program Section 2
A day trader tries to make a profit by A. investing only in blue chip stocks. B. speculating with borrowed money. C. reducing risky investments. D. taking advantage of minute-by-minute changes in stock prices.
Friday, November 16, 2012 at 5:46pm
The price of a wideget increases by 90%. What effect would we expect this to have on the equilibrium wage rate of workers who make widgets? Would this increase, decrease, or keep the wage rate the same?
Friday, November 16, 2012 at 11:57am
Which of the following will not produce an outward shift of the production possibilities curve? Reduction in unemployment rate. How? Wouldn't more employment produce more goods??
Friday, November 16, 2012 at 10:19am
The story that I read for school (At Her Father's And Her Mother's Place) takes place in 1923 in Russia. What was life like during that time in terms of the politics and economics in Russia? Can you give me links to find these answers?
Thursday, November 15, 2012 at 9:46pm
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...
Thursday, November 15, 2012 at 9:30pm
Answer the next three questions on the basis of the following production possibilities data for Francia and Galacia. All data are in tons. (3 marks) Francia production possibilities: A B C D E Soup 60 45 30 15 0 Nuts 0 15 30 45 60 Galacia production possibilities: A B C D E ...
Tuesday, November 13, 2012 at 8:47am
Total cost function of a firm is TC= 200+4Q+2Q squared If the firm is perfectly competitive and the price of its product is $24, what is its optimal output rate?
Tuesday, November 13, 2012 at 4:38am
For each of the following products, write a few sentences answering the following questions: Is price discrimination of any sort feasible? If price discrimination is feasible, which of these pricing approaches would you consider using: market segmentation by ...
Monday, November 12, 2012 at 11:25pm
You are the manager of a firm that sells CD players and DVD players. You work in Buffalo, New York and this is the middle of winter. So the people that live within walking distance are the only customers you might get, and there are no other stores nearby. (FedEx and UPS can...
Monday, November 12, 2012 at 11:24pm
Two-Part Tariff Problem Suppose that each of a firms customers has the following demand curve: P = 20 2Q. Suppose also that the firms total cost function is TC = 8Q. The firm is considering three pricing strategies. Strategy 1: A single per unit fee. (No ...
Monday, November 12, 2012 at 11:24pm
Monday, November 12, 2012 at 4:35pm
What type of labor occurs in Kenya? What percentage of it is physical labor, mental, other? Thanks
Monday, November 12, 2012 at 3:23pm
What are three ways teens are preserving and cleaning the environment?
Monday, November 12, 2012 at 2:30pm
What is a supply shock? Give an example of a current supply shock. Which way does this shock move the AS curve? What is the resulting impact on potential GDP and the price level?
Sunday, November 11, 2012 at 8:23pm
Given the economic situation today, outline the discretionary fiscal policy you would promote if you were president. In terms of the AD-AS model, explain how your policies would affect the economy.
Sunday, November 11, 2012 at 8:19pm
Sunday, November 11, 2012 at 7:36pm
Do you know where i could find a list of the exact crops used for arable, permament, and other?
Sunday, November 11, 2012 at 7:28pm
Sunday, November 11, 2012 at 7:22pm
What is kenyas factor of production for their land and labor? Which means what percentage do they use their land for what. For te labor it means what labor occurs their, whether it be physical or mental labor. I need details as well as percentages for both. I would really ...
Sunday, November 11, 2012 at 7:16pm
6)Assume the graph below represents the market demand for a patented prescription drug together with the firm-level marginal cost and average cost functions for producing the drug. Assume these cost curves do not reflect R&D costs of developing this drug, but only reflect ...
Friday, November 9, 2012 at 4:21pm
I want the answer why do you think im on this sight i don't want to answer the F****** question
Friday, November 9, 2012 at 2:39pm
The slope of the consumption function equals: A. 1-MPS B. 1/(1-MPS) C. 1-MPC D. MPC/MPS E. MPS
Friday, November 9, 2012 at 2:15am
Consider the simple economy of Behr, whose government does not tax its citizens. The consumption function of Behr is given by: C=500+.8Y, where Y is income. the autonomous consumer spending in this economy is: A. $1000 B. $800 C. $500 D. $.80 E. $1800
Friday, November 9, 2012 at 2:13am
If an economy produces its most wanted goods but uses outdated production methods, it is --the answer is "it is not achieving productive efficiency. But doesn't productive efficiency mean using the "least cost method of production"? So if you use outdated ...
Thursday, November 8, 2012 at 6:20pm
The graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry. The graph on the right shows current industry demand and supply. a. What is the marginal revenue that this perfectly competitive firm will earn on its ...
Thursday, November 8, 2012 at 2:17pm
The relationship between consumer expectations and economic performance: Worsening expectations of changes in income might lead to a reduction in confidence and a fall in spending at each level of income. Conversely an improvement in consumer expectations about the health of ...
Wednesday, November 7, 2012 at 9:32pm
So how would i explain this deficit? Just say what the imports are?
Wednesday, November 7, 2012 at 7:06pm
Kenya mainly exports raw materials and agricultural products, but imports the much more expensive manufactured items. http://www.tradingeconomics.com/kenya/balance-of-trade http://www.bloomberg.com/news/2012-09-24/kenya-s-trade-gap-widens-as-exports-dec...
Wednesday, November 7, 2012 at 6:49pm
Can someone please help me know why Kenya is currently in a trade deficit? I dont know which imports exceed the value of exports. Thanks
Wednesday, November 7, 2012 at 6:44pm
The answer is A because the other choices have requirements you have to meet before you are considered. Most organizations have to invite you to join
Wednesday, November 7, 2012 at 12:52pm
Could someone check my work? Please When the government attempts to cover large deficits by creating more money, what is the probable result called? government borrowing hyperinflation (my choice) excess currency full employment 2. What is one of the major problems caused by a...
Tuesday, November 6, 2012 at 9:21pm
3.Determine if the demand for the following products is price elastic or price inelastic, and explain your answer. In your explanation, be sure to include how the necessity of a good and the availability of substitutes affect the price elasticity of demand in each of these ...
Tuesday, November 6, 2012 at 6:15pm
Tuesday, November 6, 2012 at 1:21am
it's not staples
Monday, November 5, 2012 at 11:46am
Which of these products or services is likely to have an inelastic supply in the short run? A. cargo ships B. haircuts C. newspapers D. staples I chose D and got it wrong so would it be C instead?
Monday, November 5, 2012 at 11:43am
(This homework question was removed due to a copyright claim submitted by K12 Inc.)
Sunday, November 4, 2012 at 7:37pm
Economics are these correct
assume that hamburgers and french fries are complements. if the price of french fries falls, what will happen in the market for hamburgers? a.there will be a movement from one point to another along the demand curve for hamburgers b.there will be a movement from one point to ...
Sunday, November 4, 2012 at 6:35pm
Sunday, November 4, 2012 at 5:28pm
Graph A New Equilibrium: Y axis represents Quantity (hours per semester) 0, 25, 50, 75, 100, 125, 150 X axis represents Price of Tutoring (per hour) 0, 5, 10, 15, 20, 25, 30, 35, 40, 45, $50 Question: Determine the approximately size of market surplus or shortage that would ...
Sunday, November 4, 2012 at 5:18pm
Assume that demand for product A can be expressed as QA = 500 ¨C 5PA + 3PB and demand for product B can be expressed as QB = 300 ¨C 2PB + PA. Currently, market prices and quantities for these goods are PA, = 5, PB = 2, QA = 481, and QB = 301. a. Suppose the price of ...
Friday, November 2, 2012 at 10:54pm
a firm produces 20 units of output at a market price of #5, a marginal cost of $5, and an average cost of $3. what is the firms economic profit and is the firm maiximizing its economic profit. Is the formula market price-average cost x quantity 20?
Friday, November 2, 2012 at 7:54pm
Suppose a persona quits a job paying $40,000 per year and starts a business with $100,000 withdrawn from a money-market account earning 8 percent per year. The implicit cost of the business is ____ for the entrepreneurs time plus _____ for the entrepreneurs funds. Can someone ...
Friday, November 2, 2012 at 7:08pm
I am having a hard time with economics - we just started in my social studies class. Can I have help with my homework, please? 1. What phrase best defines competition? (1 point) just one main buyer of a good or service just one main seller of a good or service many different ...
Friday, November 2, 2012 at 5:10pm
We don't have your text...and therefore we cannot really give you an accurate answer. If I had to guess though, I would say culture.
Thursday, November 1, 2012 at 1:36pm
According to your text, our main sources of ethical standards are religion and A. philosophy. C. culture. B. social habit. D. circumstances
Thursday, November 1, 2012 at 1:32pm
can someone explain the relationship between consumer expectations and economic performance? Could use some help.
Wednesday, October 31, 2012 at 9:45pm
When McDonald's Corporation reduced the price of its Big Mac by 75 percent if customers also purchased french friesand a soft drink. The Wall Street Journal reported that the company was hoping the novel prWomotion would revive its U. S. sales growth. It. didn't. ...
Monday, October 29, 2012 at 7:44pm
6) If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, other things being equal, the elasticity of demand for movie tickets is about: A. 0.0 B. 0.4 C. 0.6 D. 2.5 7) When labor is the variable input, the average product equals the A. ...
Monday, October 29, 2012 at 5:34pm
Saturday, October 27, 2012 at 1:12pm
Would Wells Fargo's market structure be Monopolistic competition?
Saturday, October 27, 2012 at 1:04pm
I've bought and sold three houses. I needed them to raise my children. Fortunately I inherited some money from a great uncle that provided the down payment for the first house. What about you?
Friday, October 26, 2012 at 12:39pm
(This homework question was removed due to a copyright claim submitted by K12 Inc.)
Friday, October 26, 2012 at 12:19pm
which good is an inferior and which is a normal good
Friday, October 26, 2012 at 6:38am
Tuesday, October 23, 2012 at 7:30pm
While shopping you discover that your favorite department store has lowered the price on a hot, new MP3 player that you wanted to buy. You rush into the store, only to find that they are sold out. This scenario illustrates the concept of
Tuesday, October 23, 2012 at 6:42pm
This is a confusing question. We're looking at how scarcity affects economics (money). I think B. is the best answer. People buy fewer of the scarce resource; thus less money is spent.
Tuesday, October 23, 2012 at 5:31pm
I am learning about scarcity in my SS 6th grade and I am unsure about this question. Which sentence best tells the effect of scarcity on economics? A. Scarcity shapes decisions about how to distribute goods B. because resources are scarce consumers buy fewer goods C. Scarcity ...
Tuesday, October 23, 2012 at 5:28pm
we the people, through the US Constitution. Article I, Sections 2 and 8 Also the 16th amendment
Tuesday, October 23, 2012 at 4:01pm
What gives the U.S. government the right to collect taxes?
Tuesday, October 23, 2012 at 3:24pm
What does the curved line represent in the graph?
Tuesday, October 23, 2012 at 2:20pm
Monday, October 22, 2012 at 7:24am
Diminishing return is the stage of production which the increase in input should be stopped. But even in this stage, the employer can still hire a new person if the value of marginal product is above the wage rate. The rule is that P x MP= input price. If the wage rate ...
Monday, October 22, 2012 at 1:16am
In attempt to increase revenue and profits, a firm is considering a 4 percent increase in price and an 11 percent increase in advertising. If the price elasticity of demand is -1.5 and the advertising elasticity of demand is +0.6 would you expect an increase or decrease in ...
Saturday, October 20, 2012 at 6:47pm
1. Suppose that the market of laptops is given by following supply and demand curves given below: Qd = 5000 − 3p Qs = 1000 + p. Answer the following questions on excel sheet using the above demand and supply equations. i) Take the range of values for the price from $1 to...
Saturday, October 20, 2012 at 2:43pm
Jonathan, a two-and-a-half-year-old, lives with his mother and brothers at his grandmother's house in Chicago. His mother, Anita, works at a pharmacy to support the family. Jonathan spends his days at home with his grandmother. While Anita works, his grandmother brings the...
Thursday, October 18, 2012 at 8:04pm
First outline your reasons supporting our trade with Brazil. What do we sell Brazil? What do we buy from Brazil? I see that my orange juice comes from Brazil. What else do we get from Brazil?
Wednesday, October 17, 2012 at 6:18pm
How do I write a paper on "Why we trade with Brazil?"
Wednesday, October 17, 2012 at 6:16pm
Prepare a two- to three-page analysis by answering the questions below. Be sure to cite your references using APA format. What is nominal GDP? What is real GDP? What is included in each? Why are these measures important? What do they tell us? What was GDP for the last two ...
Sunday, October 14, 2012 at 7:18pm
A firm uses a single plant with costs C = 160 + 16Q + .1Q2 and faces the price equation P = 96 - .4Q. a. Find the firms profit-maximizing price and quantity. What is its profit? b. The firms production manager claims that the firms average cost of production ...
Sunday, October 14, 2012 at 2:36pm
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 ...
Thursday, October 11, 2012 at 2:52pm
The home economics team has 6 3/4 feet of fabric for a class project. They need 3/4 of a foot of fabric for each piece in the project. How many pieces will they be able to cut?
Thursday, October 11, 2012 at 1:39pm
US and Global Economics
(This homework question was removed due to a copyright claim submitted by K12 Inc.) Please help?
Thursday, October 11, 2012 at 1:26am
Wednesday, October 10, 2012 at 6:35pm
assume the nation of australia is "small"
Wednesday, October 10, 2012 at 6:26pm
Wednesday, October 10, 2012 at 1:10am
Tuesday, October 9, 2012 at 10:12pm
150.00... Yes that is all the survivor gets
Tuesday, October 9, 2012 at 10:10pm
If Jane can produce 3 pairs of shoes hourly, while Bob can produce 2, then one can infer that the __________ advantage belongs to __________. A. absolute; Jane B. comparative; Jane C. comparative; Bob D. comparative and absolute; ...
Sunday, October 7, 2012 at 2:56pm
A. Q=100-10*7 +0.5*50 Q= 100-70+25 Q= 55
Friday, October 5, 2012 at 10:10pm
Which aspects of the Great Depression are echoed in the ongoing economic crisis that began in 2008? What is different about the two periods? Do they have similar theoretical explanations?
Friday, October 5, 2012 at 3:21pm
f the US dollar depreciates dramatically relative to the Chinese yuan, what effect would this have on consumers and businesses in each country? When is a falling dollar good or bad for the US?
Friday, October 5, 2012 at 3:20pm
There are two goods 1 and 2. Denote by (x1; x2) the consumption bundle consisting of x1 units of good 1 and x2 units of good 2. A consumer has preferences that described by the linear utility function: u(x1; x2) = x1 + 2x2: 1. Write down the equation for the indierence ...
Thursday, October 4, 2012 at 4:31pm
economics status, social status.
Thursday, October 4, 2012 at 3:45pm
The Tax Reform Act of 1986 eliminated the deductibility of interest payments on consumer debt (mostly credit cards and auto loans) but maintained the deductibility of interest payments on mortgages and home equity loans. What do you think happened to the relative amounts of ...
Wednesday, October 3, 2012 at 11:55pm
Environmental Science involves the fields of Science, economics, and politics. Take a current environmental issue, such as the Hurricane Katrina in New Orleans and examine it from the scientific, economics, and political perspective. Which perspective do you think wins out and...
Wednesday, October 3, 2012 at 12:23am
There are two types of consumers of potatoes: 10 are rich and 50 are poor. Every rich consumer has a demand of 0 for a price of $500/ton; and his/her demand decreases by 1 ton each time the price increases by $1/ton. Every poor consumer has a demand of 0 for a price of $280/...
Tuesday, October 2, 2012 at 8:54pm
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 ...
Tuesday, October 2, 2012 at 1:20am
Monday, October 1, 2012 at 5:47pm
Economics - Finance
the same as every other year: .055*100 = 5.50 100(1+.055*3) = 116.50 100(1.055)^3 = 117.42
Monday, October 1, 2012 at 2:59pm
Economics - Finance
If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial $100 deposit? What is the total amount in the account after three years? What is the amount after three years if the interest was compounded annually?
Monday, October 1, 2012 at 2:22pm
Here goes... 1. Consider a model in which an individual lives two periods: this period (time one) and next period (time two). This period his budget constraint requires that his consumption, c1; plus his saving, s; equals his income, y1: c1 + s = y1: Next period his budget ...
Sunday, September 30, 2012 at 9:25pm
Inter-temporal Price Discrimination. Suppose that technophiles are willing to pay $400 now for the latest iPhone, but only $300 if they have to wait a year. Normal people are willing to pay $250, and their desire to purchase does not vary with time. Ignore the time value of ...
Sunday, September 30, 2012 at 9:12pm