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Homework Help: Social Studies: Economics

Recent Homework Questions About Economics

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Economics
If the market price falls below $4.50, the firm will earn A. positive economic profits in the short run. B. negative economic profits in the short run but remain in business. C. negative economic profits in the short run and shut down. D. zero economic profits in the short run.
Tuesday, November 29, 2011 at 12:11pm

Economics
A long-run supply curve is flatter than a short-run supply curve because A. firms can enter and exit a market more easily in the long run than in the short run. B. long-run supply curves are sometimes downward sloping. C. competitive firms have more control over demand in the ...
Tuesday, November 29, 2011 at 12:11pm

Economics
Variable cost divided by the change in quantity produced is A. average variable cost. B. marginal cost. C. average total cost. D. None of the above is correct.
Tuesday, November 29, 2011 at 12:09pm

Economics
How large would a corrective tax need to be to move this market from the equilibrium outcome to the socially-optimal outcome? A. An amount equal to P' minus P. B. An amount equal to P'. C. An amount equal to P. D. An amount equal to the external cost.
Tuesday, November 29, 2011 at 12:07pm

Economics
Suppose planting flowering shrubs creates a positive externality equal to $7 per shrub. Further suppose that the local government offers a $7 per-shrub subsidy to planters. The number of shrubs that are planted is then A. less than the socially optimal quantity. B. greater ...
Tuesday, November 29, 2011 at 12:06pm

Economics
Supply is Demand is Scenario A elastic elastic Scenario B elastic inelastic Scenario C inelastic elastic Scenario D inelastic inelastic Which scenario describes the market for oil in the long run? A. A B. B C. C D. D
Tuesday, November 29, 2011 at 12:05pm

Economics
Sandra purchases 5 pounds of coffee and 10 gallons of milk per month when the price of coffee is $10 per pound. She purchases 6 pounds of coffee and 12 gallons of milk per month when the price of coffee is $8 per pound. Sandra’s cross-price elasticity of ...
Tuesday, November 29, 2011 at 12:03pm

Economics
Which of the following would not interfere with market equilibria? A. a minimum wage B. a rent control C. a non-binding price floor D. a binding price ceiling
Tuesday, November 29, 2011 at 12:02pm

Economics
The price received by sellers in a market will decrease if the government Answer A. imposes a binding price floor in that market. B. decreases a binding price ceiling in that market. C. decreases a tax on the good sold in that market. D. increases a binding price floor in that...
Tuesday, November 29, 2011 at 12:01pm

Economics
Suppose the government has imposed a price floor on the market for soybeans. Which of the following events could transform the price floor from one that is not binding into one that is binding? A. Farmers use improved, draught-resistant seeds, which lowers the cost of growing ...
Tuesday, November 29, 2011 at 12:00pm

world history
Need Thesis help for essay on.... Hinduism, Confucianism and Buddhism are three of the world’s great belief systems. Compare and contrast their impact on the societies that embraced them. I started it Although Hinduism, Confucianism and Buddhism......each impacted their ...
Sunday, November 27, 2011 at 6:25pm

home economics
When were the Home Economics Courses dropped or greatly reduced by the school system in Ontario.
Sunday, November 27, 2011 at 6:14pm

Geography/Economics
I posted this question the other day and someone gave me a website but I didn't have any luck with it. One of the stages of economic growth is capital intensive, where wealth is created throught the efficient use of money and industrial manufacturing occurs. What latin ...
Sunday, November 27, 2011 at 4:59pm

economics
Canada and the US both produce wheat and computer software. Canada is said to have the comparative advantage in producing wheat if
Sunday, November 27, 2011 at 12:28pm

Statistics
The grades for Economics students at a large university are found to be normally distributed with a mean of 76 and a standard deviation of 4. What proportion of the students are expected to have a grade between 84 and 88?
Thursday, November 24, 2011 at 10:52pm

Economics/Geography
One of the stages of economic growth is capital intensive, where wealth is created through the efficient use of money and industrial manufacturing occurs. What latin american country fits into this stage & why?
Wednesday, November 23, 2011 at 7:01pm

Economics
Define the Law of Demand and the Law of Supply. Give an example for each.
Wednesday, November 23, 2011 at 3:22pm

Economics
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 ...
Wednesday, November 23, 2011 at 3:21pm

economics
1. What is the maximum amount it would be worth to shareholders to elicit high CEO effort all the time rather low CEO effort all the time?
Tuesday, November 22, 2011 at 9:34pm

Economics
Suppose the production function is Y = 100(K3/10)(EN)7/10 and capital lasts an average of fifteen years. The rate of population growth is 0.5%. The rate of technological progress is 2.5%. The saving rate is 5%. A. Derive the equation for output per effective worker y = Y/EN = ...
Tuesday, November 22, 2011 at 8:49pm

economics
Suppose you decide to elicit high CEO effort when and if good luck occurs by paying the bonus for $1 billion outcomes only. What criticism can you see with this incentive contract plan?
Tuesday, November 22, 2011 at 8:47pm

home economics
What is the maximum amount it would be worth to shareholders to elicit high CEO effort all the time rather low CEO effort all the time?
Tuesday, November 22, 2011 at 8:46pm

economics
when you are given the units of resource, total product, and marginal product, what do you need to find to determine how many resources the firm will employ, what the MRP would be etc...
Sunday, November 20, 2011 at 10:34pm

economics
Explain how resources are allocated in a market economy. what should i talk bout,well i should i talk about the 3 types of economics system like fixed economy,free market,planned market and command market?
Sunday, November 20, 2011 at 10:36am

Economics-Ms.Sue
Why doesn't the United States have a normal economy?
Saturday, November 19, 2011 at 8:24pm

Economics
A firm is currently producing in the elastic portion of its demand curve. What course of action do you recommend for it assuming it wants to raise revenue? Continue producing at the current output level, because it maximizes its total revenue by producing in the elastic ...
Saturday, November 19, 2011 at 5:56pm

Economics
Jim left his previous job as a sales manager and started his own sales consulting business. He previously earned $70,000 per year, but he now pays himself $25,000 per year while he is building the new business. What is the economic cost of the time he contributes to the new ...
Saturday, November 19, 2011 at 5:43pm

Economis
I have got an economics questions, and i did my personal revision by tying to work the question. here is the question: using demand and supply analysis, explain the influence of the imposition of a maximum price and a minimum price on a product on price and quantity (10 marks...
Saturday, November 19, 2011 at 10:31am

economics
Explain how output per capita can grow faster than labor productivity. Is it possible for labor productivity to grow faster than output per capita?
Friday, November 18, 2011 at 5:05am

economics
How do “rules of the game” affect productivity and growth? What types of “rules” should a government set to encourage growth?
Friday, November 18, 2011 at 5:02am

economics
# You produce shoes. Currently you produce 4 pairs of shoes at a total cost of %40. a)what is your average total cost (ATC) b)Suppose you could produce one more( fifth)pair at a marginal cost of $20. If you do produce that fifth pair of shoe, what will your average total cost ...
Friday, November 18, 2011 at 1:12am

Economics
Im trying to figure out my grade what would i need to get a c average in the class;39%,of my grade is is based on 3 assignments(i got so far 62%,80%,haven't done the last assignment yet), 3 exams each worth 20%( i got a 2%,40%, haven't taken the last one) and 1% for ...
Wednesday, November 16, 2011 at 12:24pm

managerial economics
Recently one of the nation’s largest consumer electronics retailers began a nationwide television advertising campaign kicking off its “Take It Home Today” program, which is designed to encourage electronics consumers to buy today rather than continue postponing...
Tuesday, November 15, 2011 at 1:10pm

managerial economics
draw a game tree when sony makes its technology decision first.does sony experience a first-mover advantage
Tuesday, November 15, 2011 at 11:22am

Managerial Economics
When developing short-run cost curves, it is assumed that all firms in perfect competition have the same cost curves and they all make identical short-run profits or losses. Contrast this to the real world and why individual firms might experience different cost curves and ...
Monday, November 14, 2011 at 3:43pm

home economics
Explain ow the term 'expiry date' relates to food purchasing.
Sunday, November 13, 2011 at 6:28pm

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 ...
Sunday, November 13, 2011 at 6:03am

economics
Q AC MC 1 4 12 2 8 20 3 12 28 4 16 36 5 20 44 6 24 52 7 28 60 8 32 68 9 36 76 suppose that there are 70 firms in operating in the industry. using the MC curve, find out how much output in total is delivered to the market at each price (you only need to consider prices equal to...
Sunday, November 13, 2011 at 5:43am

economics
The average 15- year- old purchases 12 CDs and 15 cheese pizzas in a typical year. If cheese pizzas are inferior goods, would the average 15- year- old be indifferent between receiving a $ 30 gift certificate at a local music store and $ 30 in cash? Explain.
Saturday, November 12, 2011 at 11:00pm

Economics
Suppose that the equilibrium quantity in the market for widgets has been 200 per month. Then a tax of $5 per widget is imposed on widgets. The price paid by buyers increases by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per...
Saturday, November 12, 2011 at 9:37am

economics
hi ,can someone enlighten me oh how financial statement helps in assessing the performance of a business.
Saturday, November 12, 2011 at 8:25am

economics
3. Based on your answers to Questions 1 and 2, should Leisure Products accept the Southeast order?
Saturday, November 12, 2011 at 12:49am

Managerial Economics
(Long-Run Average Cost Curve) Explain the shape of the long-run average cost curve. What does “minimum efficient scale” mean?
Friday, November 11, 2011 at 3:21pm

managerial economics, market concept
Celcom can be considered as an oligopoly industry in the telecommunication service provider in Malaysia. Justify the above statement. Thank you
Thursday, November 10, 2011 at 2:05am

economics
which of the following is not a goal of governmetn programs? A. To enforce private property rights B. To prohibit natural monopolies C. To reduce pollution D. To transfer money from higher-incom households to the poorest households E. To maintain price stability
Wednesday, November 9, 2011 at 11:00pm

Economics
Say you are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs. What would you do--shut down or continue to operate? Use hypothetical numbers to explain. Information you need to provide ...
Wednesday, November 9, 2011 at 8:59pm

Economics
The index most widely used by the government and the private sector to measure changes in the cost of living is the (a) the GDP deflator, (b) Producer Price Index, (c) The interest rate, (d) Consumer Price Index
Wednesday, November 9, 2011 at 3:01am

College economics
The long-run supply curve for a good is a horizontal line at a price $3 per unit of the good. The demand curve for the good is QD = 50-2P. (a) What is the equilibrium output of the good? (b) A $1 excise tax is imposed on the good. What will be the long-run effect on the ...
Tuesday, November 8, 2011 at 9:31am

Economics
The long-run supply curve for a good is a horizontal line at a price $3 per unit of the good. The demand curve for the good is QD = 50-2P. (a) What is the equilibrium output of the good? (b) A $1 excise tax is imposed on the good. What will be the long-run effect on the ...
Monday, November 7, 2011 at 6:08pm

Economics
The long-run supply curve for a good is a horizontal line at a price $3 per unit of the good. The demand curve for the good is QD = 50-2P. (a) What is the equilibrium output of the good? (b) A $1 excise tax is imposed on the good. What will be the long-run effect on the ...
Monday, November 7, 2011 at 6:05pm

economics
Suppose that bicycles are produced by a perfectly competitive, constant cost industry. Which of the following will have a larger effect on the long-run price of bicycles: (1) a government program to advertise the health benefits of bicycling, or (2) a government program that ...
Monday, November 7, 2011 at 5:58pm

statistics
The scores on an economics examination are normally distributed with a mean of 66 and a standard deviation of 14. If the instructor wishes to assign a grade of A to the top 10% of the class, what is the lowest score a student may have and still obtain an A?
Sunday, November 6, 2011 at 10:10pm

Economics
You are considering quitting work for two years to earn an MBA. Your current job pays $25,000 per year (after taxes), but you could earn $55,000 per year (after taxes) if you had a MBA at Southern University. Tuition is $10,000 per year and the cost of an apartment near campus...
Sunday, November 6, 2011 at 9:36pm

economics
Can you analyze and label at least 10 advertisements as to whether they are competitive or informative?
Sunday, November 6, 2011 at 2:09am

Economics
Thomas Malthus’s gloomy predictions for the future of humanity led ‘economies’ to be called a ‘dismal science’. Show either through the mathematics of production functions or intuitively, that predictions of such gloom may have been misplaced.
Saturday, November 5, 2011 at 10:27pm

Economics
The handmade snuffbox industry is composed of 100 identical firms, each having short – run total costs given by STC = 0.5q2 + 10q + 5 and short – run marginal costs by SMC = q + 10 where q is the output of snuffboxes per day. a) What is the short –run supply ...
Saturday, November 5, 2011 at 10:24pm

Economics
Ross Perot added his memorable “insight” to the debate over the North American Free Trade Agreement (NAFTA) when he warned that passage of NAFTA would create a “giant sucking sound” as U. S. employers shipped jobs to Mexico, where wages are lower than wages...
Saturday, November 5, 2011 at 7:49pm

economics
A linear trend equation for sale of the form Qt = a + bt was estimated for the period 1993-2007 (i.e. t=1993, 1994, 2007) The results of the regression are as follow: Dependent variable : Qt, R-Square, F-ratio, P-Value on F Observations : 15, 0.6602, 25.262, 0.0002 Variable, ...
Saturday, November 5, 2011 at 1:16pm

economics
Market demand is given as QD = 200 – 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC = 0.5Q and ATC = 0.25Q. What is each firm’s profit?
Thursday, November 3, 2011 at 2:42pm

economics
A monopolist faces market demand given by P = 200 – Q. For this market, MR = 200 – 2Q and MC = 3Q. What quantity of output will the monopolist produce in order to maximize profits?
Thursday, November 3, 2011 at 2:41pm

xeco 212
I need an example of the "Price Elasticity of Demand" for my economics homework.
Thursday, November 3, 2011 at 12:04pm

Economics
Explain how the emergence of the global marketplace has been linked to increased integration of the world’s economies. I think globalisation is involved, how can I structure my answer? Thanks!
Thursday, November 3, 2011 at 7:00am

Economics
Explain why quotas are more effective than tariffs. Thanks! :)
Thursday, November 3, 2011 at 6:49am

Economics
The handmade snuffbox industry is composed of 100 identical firms, each having short – run total costs given by STC = 0.5q2 + 10q + 5 and short – run marginal costs by SMC = q + 10 where q is the output of snuffboxes per day. a) What is the short –run supply ...
Wednesday, November 2, 2011 at 5:25pm

economics
I need a quote for a positive and normative statement
Tuesday, November 1, 2011 at 1:42pm

Economics
Total cost and total variable cost are parallel, yet average total cost and average variable cost are not parallel. a. Demonstrate mathematically that ATC and AVC are not parallel. b. Show mathematically that when both ATC and AVC are falling, ATC falls faster than AVC, and ...
Monday, October 31, 2011 at 4:08pm

Economics
Consider the production function Q= 20K^(1/2)L^(1/2). The firm operates in the short run with 16 units of capital. a. The firm's short-run production function is Q=? b. The average product of labor function is AP=? c. The marginal product of labor function is MP=? d. Show ...
Monday, October 31, 2011 at 4:07pm

Economics
Total cost and total variable cost are parallel, yet average total cost and average variable cost are not parallel. a. Demonstrate mathematically that ATC and AVC are not parallel. b. Show mathematically that when both ATC and AVC are falling, ATC falls faster than AVC, and ...
Monday, October 31, 2011 at 3:58pm

Economics
Consider a perfect competitive market. Analyze in detail using graphical tools what would happen to the number of firms and firm profitability in short run and long run if demand for product falls and if it rises
Saturday, October 29, 2011 at 9:24pm

economics
A firm has fixed costs of $30.00 and variable costs as indicated in the table below. Complete the table. Instructions: Round your answers so that you enter no more than 2 decimal places. Total Product Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average ...
Thursday, October 27, 2011 at 3:36pm

Economics
assume that gross national debt is equal to $3million and the federal government then runs a deficit of $300 billion. What is the new level of gross national debt
Wednesday, October 26, 2011 at 10:25pm

AP World History
What were the changes and continuities in African economics, politics, and culture between 600 and 1750??
Tuesday, October 25, 2011 at 5:02pm

Economics M/C
Please help: If the rate of separation is 0.02 and the rate of job finding is 0.08 but the current unemployment rate is 0.10, then the current unemployment rate is __ the equilibrium rate, and in the next period it will move __ the equilibrium rate. a) above; toward b) above; ...
Tuesday, October 25, 2011 at 1:06am

statistics
IQ scores are normally distributed and assume that the average IQ for all Economics majors is 108 with a standard deviation of 11. What percentage of Economics majors would have an IQ of more than 118?
Monday, October 24, 2011 at 2:28pm

Economics
can you help me brain storm? I want some points on why Per Capita GDP might be a bad way to compare wellbeing across countries.
Sunday, October 23, 2011 at 8:39pm

Economics M/C
Hi, I am having difficulty determining the answer for the following question: The market in which the assumption of continuous market-clearing seems to be LEAST applicable is the: a) stock market b) market for wheat c) labour market d) market for federal bonds I was thinking d...
Saturday, October 22, 2011 at 10:40am

Economics
Your demand curve for baseball tickets is as follows: price per ticket Qd $1 4 $2 3 $10 2 $20 1 YOu buy 2 tickets at $10 each. THe value yo you of the two tickets is what? It say the answer is $30. I do not understand why you have to add 10 and 20. I thought it would just be ...
Thursday, October 20, 2011 at 9:02pm

home economics
Examples of cooking
Wednesday, October 19, 2011 at 12:46pm

Economics
I am studying at University,so my subject is more difficult.So I need a help on my subject.Do you know about a best economic web site?If you know the best economic web site,please write on my post.Thanks for your help
Wednesday, October 19, 2011 at 6:32am

Math/Economics
Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh...
Tuesday, October 18, 2011 at 9:35pm

Math/Economics
Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh...
Tuesday, October 18, 2011 at 9:23pm

economics
What two kinds of changes in the capital stock can improve labor productivity? How can each type be illustrated with a per-worker production function? What determines the slope of the per-worker production function?

14-) (Rules of the Game) How do “...
Tuesday, October 18, 2011 at 2:53am

economics
5. A market contains a group of identical price-taking firms. Each firm has a marginal cost curve MC(Q) = 2Q, where Q is the annual output of each firm. A study reveals that each firm will produce if the price exceeds $20 per unit and will shut down if the price is less than $...
Monday, October 17, 2011 at 9:10pm

Economics
(BLANK) is the method by which a corporation "writes down" the cost of an assent over a period of years as opposed to (BLANK)
Sunday, October 16, 2011 at 3:26pm

Economics
This is about economic solution.There are 2 regions but they were given by different each other function of demand and supply.1.First question is we won't sell these products on both regions and you can't transport the product each other.So please find the equilibrium ...
Sunday, October 16, 2011 at 12:58am

economics
You’re the manager of global opportunities for a U.S. manufacturer, who is considering expanding sales into Europe. Your market research has identified 3 potential market opportunities: England, France, and Germany. If you enter the English market, you have a 0.5 chance ...
Saturday, October 15, 2011 at 5:35pm

economics
Is limitless growth really possible? What forces do you think will be most important in slowing or halting economic growth?
Friday, October 14, 2011 at 6:34pm

managerial Economics
If a stock is expected to pay an annual dividend of $20 forever, what Is the approximate present value of the stock, given that the discount Rate is 5%?
Thursday, October 13, 2011 at 12:02pm

economics
Ali pays Rs. 855 property tax.What is the assesed value of his home, if the tax rate in his locality is 2.5% ?
Thursday, October 13, 2011 at 12:43am

macroeconomics
18. The following is a list of figures for a given year in billions of dollars. Using this data, compute: (a) GDP; (b) NDP; (c) NI; (d) PI; (e) DI; (f) Net exports. Transfer payments $ 16 Government purchases 80 Personal taxes 38 Corporate income taxes 28 Indirect business ...
Tuesday, October 11, 2011 at 7:38am

Engineering Economics
Sales of bottled water in the U.S totaled 16.3 gallons per person in 2004. Water costs .40 cents per bottle.A municipal company provides tap water for $2.10 per 1000 gallons. If the average person drinks two bottles of water per day or uses 5 gallons per day in getting that ...
Monday, October 10, 2011 at 7:28pm

economics
Suppose that in this city, the price of a spaghetti dinner changes from $10 to $15. Which of the following statements correctly describes what happens in the calculator? I. There is a reduction in the number of dinners that people buy. II. There is a reduction in demand. III...
Monday, October 10, 2011 at 2:47am

economics
An accountant deposits 100 per month into an account that pays 8% per year compounded quarterly ( no interperiod compounding) How much will she have in 10 years
Sunday, October 9, 2011 at 8:46pm

Economics M/C
The market in which the assumption of continuous market clearing seems to be LEAST applicable is the: a. stock market b. market for wheat. c. labour market d. market for federal government bonds
Sunday, October 9, 2011 at 4:05pm

Economics
This is about economic solution.There are 2 regions but they were given by different each other function of demand and supply.1.First question is we won't sell these products on both regions and you can't transport the product each other.So please find the equilibrium ...
Sunday, October 9, 2011 at 10:56am

Economics
The schedule below shows the level of output that can be produced using different levels of input. A unit of input costs $80 and the fixed costs of running your business are $50. Input Output 0 0 1 2 2 6 3 9 4 11 5 12 1. What is your AVC of producing 11 units of output? ...
Saturday, October 8, 2011 at 12:16am

Economics
1.Which of the following is NOT a decision that can be made at the margin? whether to grow beans or corn on large farm whether to hire 100 new workers or not whether to leave early in the moring or late in the day whether or not to go on vacation, I think this is the answer, ...
Thursday, October 6, 2011 at 8:50am

Government USA-Help
Supply-side economics, during President Reagan’s administration, involved a. the supply component of the supply-demand equation. b. stressing the importance of tax cuts for businesses. c. stressing the importance of tax cuts for the wealthy. d. an increase in the size of ...
Wednesday, October 5, 2011 at 1:56pm

statistics
in a class of 40 student,18 pass maths, 19 pass account,16 pass economics 5 pass maths and account only, 6 pass maths only, if each student pass at least one of the subject.find the percentage number who fail in at least one of economics and maths. how many student fail in all...
Wednesday, October 5, 2011 at 1:27am

Economics
The nominal interest rate is 12 percent per year in Canada and 8 percent per year in the United States. Suppose that the real interest rates are equalized in the two countries and that purchasing-power parity holds. A friend proposes a get-rich-quick scheme: borrow from a US ...
Tuesday, October 4, 2011 at 8:29pm

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