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July 1, 2015

Homework Help: Social Studies: Economics

Recent Homework Questions About Economics

mirco-economics
The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm’s output is $25. The cost of other variable inputs is $400,000 per day
Saturday, June 25, 2011 by brynda

Economics
Q = 400 - 20p TC = 10 + 5q + q2 Calculate the following: Profit max price Profit max quantity TR, TC, Profit, and the elasticity at profit max q and p.
Saturday, June 25, 2011 by Susie

Economics
Assume that there is a perfect competition market for a good X. If one supplier all of a sudden wins the lottery and buys all the other firms that make good X and turns this market into a monopoly. Describe to me the difference in price and total output for good X between the ...
Saturday, June 25, 2011 by Helen

Economics - Short run profit maximization
Given the following for perfectly competitive firm that has short-run cost structure Output Marginal Cost 1 $10 2 $5 3 $12 4 $23 5 $40 Total fixed costs are $20 and the market price of the product is $25 per unit. How much output should the profit-maximizing firm produce (if ...
Saturday, June 25, 2011 by Raj Sree

economics
What are the potential costs of adopting a free trade regime? Do you think governments should do anything to reduce these costs? What?
Friday, June 24, 2011 by berkys

economics
Assume a monopolist with the following demand and cost relationships. Q = 400 - 20p TC = 10 + 5q + q2 Calculate the following: Profit max price Profit max quantity TR, TC, Profit, and the elasticity at profit max q and p.
Thursday, June 23, 2011 by dave

economics
You are a painter, and the price of a gallon of paint increases from $3.00 a gallon from 3.50 a gallon. your usage of paint drops from 35 gallons a month to 20 gallons a month. perform the following: 1. compute the price elasticity of demand for paint and show your ...
Sunday, June 19, 2011 by annie

Economics
A large firm has two divisions: an upstream division that is a monopoly supplier of an input whose only market is the downstream division that produces the final output. To produce one unit the final output, the downstream division requires one unit of the input. If the ...
Wednesday, June 15, 2011 by Kathy

economics
Assume that it takes four hours of labor time to paint a room and three hours to sand a floor. If all 24 hours were spent painting, how many rooms could be painted by one person? If a decision were made to sand two floors, how many painted rooms would have to be given up? ...
Wednesday, June 15, 2011 by MATTHEW

economics
How do the balance of payments figures compare with those for 2007 in Table 15.4?
Monday, June 13, 2011 by Anonymous

social studies
the most significant thing to learn about the differences between social, political and economics systems in the world ???????
Sunday, June 12, 2011 by Joanne

economics
Does anybody know what factors I can research that result in economic stratification? I can't find much from google, don't know what to look up.
Saturday, June 11, 2011 by Marky

Economics
Which tax is usually the most regressive ?
Saturday, June 11, 2011 by Katina

economics
what is a 401k
Wednesday, June 8, 2011 by Anonymous

Economics
Risk rate is 2%, expected inflation rate is 3%, what is the nominal interest rate?
Wednesday, June 8, 2011 by Susan

Economics
If the labour supply curve is nearly vertical, a tax on labour 1. has a large deadweight loss. 2. will raise small amounts of tax revenue. 3. has little impact on the amount of work workers are willing to do. 4. will raise small amounts of tax revenue and it has little impact ...
Monday, June 6, 2011 by Johnny

Economics
am i right? Assume that Carol cleans Dawn's house weekly for $80. Dawn would be willing to pay as much as $100 weekly to have his house cleaned. Carol’s opportunity cost is $70. If Carol cleans Dawn's house, the producer surplus is 1. $80. 2. $70. 3. $100. 4. $10...
Monday, June 6, 2011 by Johnnu

Economics
Explain the entities affected by industrial regulation in terms of market structure
Saturday, June 4, 2011 by Lisa

Economics
12. The main economic variables that affect business cycles include all the following EXCEPT. A. Interest rates B. External Events C. Personal Savings levels D. Business investments levels
Tuesday, May 31, 2011 by Adelle

Economics
9. During the 1990's the inflation and unemployment trends in the United States changed. What was unusual in the 1990s? A. Unemployment reached very high levels but inflation fell to less than five percent B. although inflation remained at less than three percent, ...
Tuesday, May 31, 2011 by Codey

Economics
21. How do fears of future economic problems affect GDP? A. Businesses will invest more money in the short term to ensure higher profits in the future; GDP will be pushed up. B. Consumers will spend more money in the short term to prevent future economic problems; GDP will be ...
Tuesday, May 31, 2011 by Codey

Economics
22. An economy that experiences decreasing real GDP and increasing prices is said to suffer from? A. recession B. depression C. a business cycle D. stagflation
Tuesday, May 31, 2011 by Codey

Economics
Concern about international crisis has caused consumers to save their money and postpone big purchases. What is the effect on aggregate demand and aggregate supply? A. No change B. Aggregate supply will decrease, raising the price level and lowering real GDP C. Aggregate ...
Tuesday, May 31, 2011 by Codey

economics
A POEM ON OUR CROPS
Tuesday, May 31, 2011 by Anonymous

economics
A POEM ON OUR CROPS
Tuesday, May 31, 2011 by Anonymous

economics
4. What source of economic growth is reflected in the economy by an increase in productivity without an increase in land, labor, or capital? A. technological progress B. foreign trade C. population growth D. savings and investments
Monday, May 30, 2011 by Codey

Economics
Hi. Okay so a nominal penny is a placeholder that is used to evade giving the real EPS? Another place says the EPS for Virgin Blue is betweeen 18 and 19c. Do you think I should ditch comparing Qantas to VIrgin Blue and instead compare historical? If so how long ago would be ...
Saturday, May 28, 2011 by Em

Economics
HI When I analyise the competitor, I cannot find the EPS for Virgin Blue Holdings on the finance link of the website you gave me.
Saturday, May 28, 2011 by Em

Economics
Hi My three criterion are now, if the share is blue-chip or not, the companies PE and its comparison to the S&P/ASX200. Regarding the companies I have compared it to a rival companies PE, I said that it is good that its PE is higher than the other company but it is still a bad...
Saturday, May 28, 2011 by Em

Economics REALLY URGENT!!!!!
Hi my assignment is due like TODAY. I need three simple criterion to evaluate whether it is good to buy shares in a company. So far I have the profability of shares, the potential for a share to be blue-chip but I am lacking a third. I'm stuck because I have already ...
Saturday, May 28, 2011 by Em

Economics
which of the following factors will not lead to a decrease in demand for a good? A) an increase in the price B) a decrease in the price of substitute products C) An unsuccessful advertising campaign for the good C) a decrease in the consumer incomes I think it is B, but the ...
Friday, May 27, 2011 by Ed

Economics
(iii) Bright Future, Ltd (BF) is a nonprofit foundation providing medical treatment to emotionally distressed children. BF has hired you as a business consultant to design an employment policy that would be consistent with its goal of providing the maximum possible service ...
Thursday, May 26, 2011 by Michelle

Economics
The accompanying table shows a car manufacturer’s total cost of producing cars: Qty |TC| Variable Costs| Avg. Var. Costs| Avg. Total Costs| Avg. Fixed Costs 0 |$500,000| ---- | ---- | ---- |---- | 1 |540,000 | 2 |560,000 | 3 |570,000 | 4 |590,000 | 5 |620,000 | 6 |660,000...
Wednesday, May 25, 2011 by shay

Economics
2. (i) The production function for a firm is given by Q = LK where Q denotes output; Land K labor and capital inputs. Wage rate and rental rate are given by w and r respectively. (a) Show whether or not the above production function exhibits diminishing marginal productivity ...
Wednesday, May 25, 2011 by Michelle

Economics
4 (ii) You manage Dirt Diggers, an excavating firm that excavates roadside ditches for laying drainpipes. Its output follows the production function: Q = 10L -.1L2 where L denotes labor hours and Q the length of the ditch in meters. You can hire labor at the going wage rate of...
Wednesday, May 25, 2011 by Michelle

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 ...
Wednesday, May 25, 2011 by Michelle

Managerial Economics
Assume the only choice variable is total benefit function is B(x) = 170x-x², and cost function is C(x) = 100-10x + 2x². a. What are the marginal benefit and marginal cost functions? b. Set up the net benefit function and then determine the level x that maximises net ...
Wednesday, May 25, 2011 by Megan

MANAGERIAL ECONOMICS
Speedy Limousine-the prices of gasoline and wage rates for drivers has increased costs. So what is the initial condition and the direction of the firms's demand curve. and describe the type of demand shift if anyWhat would happen to the equilibrium price. What would happen...
Tuesday, May 24, 2011 by ELOISE

home economics
I need to find out what 1/3 of $1070.00 is.
Tuesday, May 24, 2011 by katherine

Economics
The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm’s output is $25. The cost of other variable inputs is $400,000 per day. Assume that total fixed cost equals $1,000,000. Calculate...
Monday, May 23, 2011 by Angela

Economics
If the government lowers taxes, and everything else remains constant?
Monday, May 23, 2011 by Alexis Muzquiz

economics
1.What two policies could you use to reduce the total amount of emissions? 2.Why do you think they each would work?
Sunday, May 22, 2011 by Anonymous

Economics
(a) Explain what is meant by the term “natural monopoly”. (b) Construct a diagram showing the average and marginal cost curves, and the demand and marginal revenue curves for a natural monopoly. Use your diagram to explain why profit maximising behaviour by the ...
Saturday, May 21, 2011 by Giska

home economics
Gear strategy has managed to improve the livelihood of the poor in south africa
Wednesday, May 18, 2011 by Anonymous

economics
explain the importance of the following terms in the u.s. free enterprise system:a)profit motive, b)voluntary exchange, c)private property rights, and d)competition
Wednesday, May 18, 2011 by ivonna

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 ...
Monday, May 16, 2011 by kim

economics
Wilpen Company, a price-setting firm, produces nearly 80 percent of all tennis balls purchased in the United States. Wilpen estimates the U.S. demand for its tennis balls by using the following linear specification: where Q is the number of cans of tennis balls sold quarterly...
Monday, May 16, 2011 by Anonymous

Economics
Appalachian Coal Mining believes that it can increase labor productivity and, there-fore, net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is MC 40P where P ...
Monday, May 16, 2011 by Alex

micro economics
For each event, illustrate the impact on the relevant market and determine what will happen to the equilibrium price and quantity in that market. Event Market for: Show which curve shifts Equilibrium price rise or fall? Equilibrium quantity increase or decrease? Economic ...
Friday, May 13, 2011 by fred

Finance, Economics
A small vessel (this means 10 year life) was purchased by a chemical company for $55,000 and is to be depreciated by MACRS depreciation. When its requirements changed suddenly, the chemical company leased the vessel to an oil company for 6 years at $10,000 per year. The lease ...
Thursday, May 12, 2011 by Katy Marshall

economics
what cause the financial crisis that occurred in 2008
Thursday, May 12, 2011 by lina

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...
Tuesday, May 10, 2011 by Bill

economics
wo partners who own Progressive Business Solutions, which currently operates out of an office in a small town near Boston, just discovered a vacancy in an office building in downtown Boston. One of the partners favors moving downtown because she believes the additional ...
Monday, May 9, 2011 by Anonymous

Economics
My micro econ prof was trying to explain marginal analysis and he said the following: If your marginal happiness is 0 then you are maximally happy. I don't understand this at all. Could someone explain this to me? Thanks!
Monday, May 9, 2011 by Lena

Economics
Does the demand-pull theory represent a leakage or injection in the economy? I'm confused.
Monday, May 9, 2011 by Ed

history
how has "liberty and justice for all" changes from 1492 to 1865? may include race, class, religion, politics, gender, economics, culture
Monday, May 9, 2011 by jb

Economics
In a period of inflation, does the exchange of goods and services speed up or slow down? Thanks
Sunday, May 8, 2011 by David

health care ECONOMICS
How did the Haiti disaster affect healthcare costs in the United States in the short run
Friday, May 6, 2011 by elaine

economics
Explain the effect on a company’s stock price today of the following events, other things held constant. a. the interest rate on the company’s bonds falls. b. Several companies in the same sector announce surprisingly slow sales. c. Changes in the tax laws passed ...
Thursday, May 5, 2011 by Blueberry

economics
Two companies, A and B, produce widgets. Each can produce 0, 1, 2, 3, or 4 widgets (they can’t  produce fractions of widgets). Let X be the number of units produced by A, and Y be the number of units produced by B. Given X and Y, widgets will sell...
Thursday, May 5, 2011 by Phil

economics
how does the study of economics helps you in decision making in your day to day activities
Wednesday, May 4, 2011 by kajola

economics
why is it difficulty to identify the turning points in economic activity until months after they occur?
Wednesday, May 4, 2011 by jabir

Economics 210
Information given is sample mean of 12 for a sample of 26. Sample deviation is 3. Using a .02 level of significance. H0 u< or equal to 10 and H1 u> 10 a. Is this a one or two tailed test? b. what is the decision rule? c. what is the value of the test statistic? d.what is...
Tuesday, May 3, 2011 by Daniel

ECONOMICS
Two price setting firms have the same price and marginal revenue functions but face different cost functions. These functions are provided below. P = 165 - 0.025Q MR = 165 - 0.05Q Firm 1: TC = 4,000 + 15Q Firm 2: TC = 3,000 + 22Q a. Assuming that both firms are profit-...
Tuesday, May 3, 2011 by John

ECONOMICS
Q = 39,000 – 500P AVC = 30 + 0.005Q Q is quantity demanded and produced, and P is price of the product. Total fixed cost is $50,000. Assume these functions are based on monthly demand and production. A. What are the inverse demand and the MR revenue equations? B. What is ...
Tuesday, May 3, 2011 by SAM

Economics
Q = 39,000 – 500P AVC = 30 + 0.005Q Q is quantity demanded and produced, and P is price of the product. Total fixed cost is $50,000. Assume these functions are based on monthly demand and production. A. What are the inverse demand and the MR revenue equations? B. What is ...
Tuesday, May 3, 2011 by Jim

home economics
In 10-15 line critically 5 ways in which the human or environmental problem impacts on the community.an relevant sources to support your claim
Monday, May 2, 2011 by Anonymous

Economics
Use the following calculations in the relevant formulas to answer the questions Need Help don't know where to start n = 7 (Greek)E(x − x̄) = 4,924.00 x̄ =44 E(y − ȳ)= 904,627.43 ȳ =553 E(y − ŷ)= 35,168.50 Exy =235,843 E(ŷ...
Saturday, April 30, 2011 by Kieran McCamment

Economics
Use the following calculations in the relevant formulas to answer the questions Need Help don't know where to start n = 7 ¢²(x − x̄)©÷ = 4,924.00 x̄ =44 ¢²(y − ȳ)©÷ = 904,627.43 ȳ =553 ¢&...
Saturday, April 30, 2011 by Kieran McCamment

economics
Here are data for Germany and Japan on the ratio of employment to population in 1979 and 2003 1979 for Germany is 0.33 2008 for Germany is 0.49 For Japan 1979 is 0.48 2008 is 0.51 How would I find the average labor productivity for each country in 1979 and in 2008. Between ...
Friday, April 29, 2011 by Ling Chow

economics
This is my son who is in 10th grade homework assignment. I want to be able to help and not look like a dope! I really have no clue! 1. Why do economists consider growth in the average labor productivity to be the key factor in determining long run living standards? 2. And, Let...
Friday, April 29, 2011 by Liz

economics
how perfect is the competition in the market for cola drinks ?
Friday, April 29, 2011 by Anonymous

food economics
what are the 3 other names by which animal proteins are called?
Tuesday, April 26, 2011 by Danielle

Economics
Explain two ways the Office of Fair Trading can protect the interests of consumers?
Tuesday, April 26, 2011 by Anique

home economics
STATE AND EXPLAIN THE BRANCHES OF HOME ECONOMICS.
Tuesday, April 26, 2011 by justina

Economics
Hey! I'm doing an assignment in which I need to research a company (Qantas)and its performance on the ASX (Australian Securities Exchange). I know that some sources of information will be the Qantas website and the ASX website but are there any other websites maybe ...
Monday, April 25, 2011 by Gina

ECONOMICS
How did the gold standard promote stability?
Monday, April 25, 2011 by TYNESHIA

home economics
each individual has a budget line in which they follow for expenditures. if the income of the individual increases what is the effect on the budget line?
Friday, April 22, 2011 by amy

Economics
In long-run equilibrium there will be no economic profit in a purely competitive static economy because: A) barriers to entry will prevent profit from arising B) there will be no uncertainty, no innovations, and no monopoly C) there will be no need for professional managers ...
Thursday, April 21, 2011 by Sarah

Social Studies: Economics
identify three of your limited resources that you allocate daily
Wednesday, April 20, 2011 by eleba

Economics
Bridget has a limited income and consumers only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridget’...
Wednesday, April 20, 2011 by Taralee

economics
3. Draw a simple T-account for First National Bank which has $5,000 of deposits, a required reserve ratio of 10 percent, and excess reserves of $300. Make sure you balance sheet balances
Wednesday, April 20, 2011 by Anonymous

Economics
Slim city is a town resided by slim people, with no health club in town. LA Fatness has estimated that the annual demand for their Fatness Club in this town to be Q = 160 - P. Every Club member has a marginal cost of $40, and the annual fixed cost of the business is $500 (...
Tuesday, April 19, 2011 by &lt;3

economics
use the expenditure equation for gdp=c+i+g+xn find the values for each sector for the years 1929 and 1933. determine the precentage change for the two years.
Tuesday, April 19, 2011 by patricia

Economics
In long-run equilibrium there will be no economic profit in a purely competitive static economy because: 1- barriers to entry will prevent profit from arising. 2-there will be no uncertainty, no innovations, and no monopoly. 3- there will be no need for professional managers ...
Tuesday, April 19, 2011 by mike

Economics
Suppose you deposit $5,000 in a bank which pays 10 percent interest compounded twice a year. The actual annual interest rate you receive is: a- 10 b-11 c-10.25 d-12
Tuesday, April 19, 2011 by mike

Managerial Economics
As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force (from its current level of 60 national sales people) You are considering hiring from 5 to 10 additional personnel. How would you ...
Monday, April 18, 2011 by Rico

Economics
explain how the wage can adjust to balance the supply and demand for labor while simultaneously equaling the value of the marginal product of labor
Monday, April 18, 2011 by gdlola

economics
Jerry will receive the following payments: 946 in year 3, 929 in year 5 and 958 in year 9. What is the purchasing power of the present value of these payments if the market interest rate is 17% per year and the inflation rate is 6% per year?
Sunday, April 17, 2011 by Rachel

economics
Tom plans to gamble each year for the next 20 years, starting at at the end of year 1. If he loses 4.47 dollars in odd years (i.e., years 1, 3, 5, etc) and wins 7.46 dollars in even years (i.e., years 2,4, 6 etc), what will be Tom's (internal) rate of return per year from ...
Sunday, April 17, 2011 by Rachel

economics
Consider a project with a positive rate of return. Suppose the discount factor solutions to the equation which determines the internal rate of return (ROR) of the project are given by 0.8502, 2.0207, -0.1767. What is the project's ROR?
Sunday, April 17, 2011 by Rachel

economics
productivity....as a result of the ..... .... .
Sunday, April 17, 2011 by Katya

Economics - Cost benefit analysis
Imagine that there are two cohorts of 100 patients each. One group got the flu vaccine and other group did not. Outcomes Vaccine Group Outcomes = 90 patients without the flu No-Vaccine Group Outcomes = 50 without the flu Costs Vaccine Group Costs = $100 per vaccination; $200 ...
Saturday, April 16, 2011 by Hung

Economics
Gear strategy has managed to improve the livelihood of the poor in south africa
Saturday, April 16, 2011 by Kagiso

Private Property
Hi. Im learning about economics, and I am not really strong in this area. So I would like to know what this term means. Private Property. Please try to simplify it as much as possible so that I understand.
Friday, April 15, 2011 by Anonymous

home economics
How many eggs should be added in to a standard chocolate cake recipe? :) k cool thankss
Friday, April 15, 2011 by Emileebabee

economics
some study guide questions i am stumped on 1 uncertainty about the future is likely to a increase current spending b either increase or decrease c decrease current spending d no impact on current spending think it's d 2 as the general price level increases the amount of ...
Friday, April 15, 2011 by samuel

home economics
Wha is leisure?give 5 implications of leisure
Friday, April 15, 2011 by Pwagwadi anthony madwatte

home economics
In an article about the financial problems of USA Today, Newsweek reported that the paper was losing about $20 million a year. A Wall Street analyst said that the paper should raise its price from 50 cents t o75 cents, which he estimates would bring in an additional $65 ...
Thursday, April 14, 2011 by Gar

home economics
Bridget has a limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridget's...
Thursday, April 14, 2011 by Gar

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Homework Help: Social Studies

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