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August 27, 2014

Homework Help: Social Studies: Economics

Recent Homework Questions About Economics

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Economics
Suppose a perfectly competitive firm has a cost function described by TC = 100 + Q2 The industry price is $100. a. Find the profit maximizing level of output. b. Is this a short-run or long-run situation? How do you know? c. Assuming that this firm’s total cost curve is ...
Monday, November 29, 2010 at 1:27pm

Economics
Suppose a monopolistically competitive firm’s demand is given by P = 100 – 2Q And its cost function is given by TC = 5 + 2Q a. Find the profit maximizing quantity, price, and total profit level. b. Is this a long-run or a short-run outcome? How do you know? c. ...
Monday, November 29, 2010 at 1:26pm

Economics
A market (or industry) demand curve is described by Q = 50 – 0.5 P The firm’s cost function is TC = 10 + 2 Q a. Find the profit-maximizing quantity and price. b. If the industry is regulated in a way that requires it to set P = AC, how much will be sold and what will...
Monday, November 29, 2010 at 1:26pm

economics
What were greenbacks?
Monday, November 29, 2010 at 12:17pm

Economics
Porter’s Five Forces Model to the American automotive industry.
Sunday, November 28, 2010 at 11:30am

math 12
From 85 Records at D.S. Collegiate, the following data was collected: 12 studied Sociology, Economics and Accounting, 27 studied sociology and accounting, 20 studied economics and accounting, 21 studied economics and sociology, 36 studied sociology, 36 studied economics and 58...
Sunday, November 28, 2010 at 10:44am

Economics
The productivity of a single resource in producing wheat and microchips in both Canada and Japan: One unit of resource produces: Canada 50 tons wheat, 20 micrchips and Japan 2 tons wheat, 12 microchips. (b) Suppose Canada is endowed with 2 units of this all-purpose resource ...
Sunday, November 28, 2010 at 6:08am

Economics
The productivity of a single resource in producing wheat and microchips in both Canada and Japan: One unit of resouce produces: Canada 50 tons wheat, 20 microchips and Japan 2 tons wheat, 12 microchips. (a) What is the opportunity cost of producing a ton of wheat in Canada ? ...
Sunday, November 28, 2010 at 5:51am

home economics
S and J are trying to split 100 dollars. In bargaining round 1, S makes an offer at cost 0, proposing to keep S1 for himself and J either accepts (ending the game) or rejects. In round 2, J makes an offer at cost 10 of S2 for S and S either accepts or rejects. In round 3, S ...
Saturday, November 27, 2010 at 2:22pm

Economics
S and J are trying to split 100 dollars. In bargaining round 1, S makes an offer at cost 0, proposing to keep S1 for himself and J either accepts (ending the game) or rejects. In round 2, J makes an offer at cost 10 of S2 for S and S either accepts or rejects. In round 3, S ...
Saturday, November 27, 2010 at 2:22pm

college economics
What variables other than price and advertising are likely to affect the quantity demanded of a product?
Saturday, November 27, 2010 at 6:03am

economics
Why is a negative income tax, by itself, unlikely to be successful policy for maintaining the living standards of the poor?
Friday, November 26, 2010 at 5:34pm

Economics
The Internet is forcing businesses away from traditional functions, such as distribution. The Internet effectively closes the gap between the buyer and the seller and has slowly been eliminating middlemen or intermediaries. Select a company from one of the following industries...
Friday, November 26, 2010 at 10:51am

Managerial Economics
The manager of All City realtors wants to hire some real estate agents to specialize in selling housing units acquired by the Resolution Trust Commission (RTC) in its attempt to bail out the savings and loan industry. The commission paid by RTC to the company to sell these ...
Wednesday, November 24, 2010 at 4:30pm

Economics
# How can American consumers influence decision makers on fiscal policies? # Explain and discuss if and how this has changed over the past 5 years.
Tuesday, November 23, 2010 at 8:04pm

Economics
what is meant by the term utility and how does it relate to purposeful behavior?
Monday, November 22, 2010 at 3:57pm

Economics
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 ...
Sunday, November 21, 2010 at 7:32pm

Economics help
Article dealing with monopoly power, either regulated or illegal attempts at monopolization.
Sunday, November 21, 2010 at 3:23pm

economics
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 ...
Sunday, November 21, 2010 at 2:11pm

economics
Suppose the USA and Canada are considering to trade. Assume there are only two goods in the economy: wheat and corn. The table below illustrates what each country can produce in a given year. Wheat Corn USA 4 2 Canada 5 8 In this case, which country should produce wheat? Why? ...
Sunday, November 21, 2010 at 9:23am

economics
Describe the equilibrium using graphs for the entire market and for an individual producer.Now suppose that textile producers in other countries are willing to sell large quantities of cloth in the United States for only $25 per unit.
Sunday, November 21, 2010 at 7:32am

economics
Describe the equilibrium using graphs for the entire market and for an individual producer.Now suppose that textile producers in other countries are willing to sell large quantities of cloth in the United States for only $25 per unit.
Sunday, November 21, 2010 at 7:32am

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 ...
Saturday, November 20, 2010 at 8:20pm

Economics
You want to start a company, and are trying to decide between two different industries. You are doing your final research before you write your business plan. Industry A has 20 firms and a Concentration Ratio (CR) of 20% * What is the name for this type of industry? * Describe...
Friday, November 19, 2010 at 9:07pm

economics
How can you justify the existence of government-granted monopolies for public utilities such as natural gas distribution and electricity in the light of traditional economic argument that the more competition there is, the more likely it is that an efficient allocation of ...
Friday, November 19, 2010 at 7:06pm

Economics
You want to start a company, and are trying to decide between two different industries. You are doing your final research before you write your business plan. Industry A has 20 firms and a Concentration Ratio (CR) of 20% * What is the name for this type of industry? * Describe...
Friday, November 19, 2010 at 3:04pm

geography
Do you know where I can find an article no older than 2 years about economics in latin america? thank you
Thursday, November 18, 2010 at 4:06pm

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 16, 2010 at 12:58pm

Managerial Economics
Suppose the two rival office supply companies Office Depot and Staples both adopt price matching policies. If consumers can find lower advertised prices on any items they sell, then Office Depot and Staples guarantee they will match the lower prices. Explain why this pricing ...
Tuesday, November 16, 2010 at 12:57pm

Economics
Do government statisticians calculate GDP by simply adding up the total sales of all business firms in one year? Explain..
Tuesday, November 16, 2010 at 11:46am

Economics
Using examples explain how the Production Possibilities Frontier illustrates the main economic concepts. You should include a detailed explanation of these economic concepts.
Tuesday, November 16, 2010 at 4:26am

Economics
Using a diagram, analyse the production possibilities frontier.
Tuesday, November 16, 2010 at 4:25am

economics
Can you help me describe National Debt in 2 paragraphs?
Monday, November 15, 2010 at 6:28pm

Economics
Hi guys, I'm having a lot of trouble with this question. Maybe I should have paid attention more, too late now though. If anyone could help or point me out in the right direction, I'd really appreciate it! Thank you. Here is what the paper says "Your assignment is...
Monday, November 15, 2010 at 12:27pm

economics
A company is considering a plan that has different profit results under different conditions. Assuming there is a 20% chance of a boom and 10% chance of a recession, compute the expected value of their plan. Condition Result Boom $2,000,000 Profit Average $800,000 Profit ...
Monday, November 15, 2010 at 10:26am

economics
A company is considering a plan that has different profit results under different conditions. Assuming there is a 20% chance of a boom and 10% chance of a recession, compute the expected value of their plan. Condition Result Boom $2,000,000 Profit Average $800,000 Profit ...
Monday, November 15, 2010 at 10:26am

principles of economics
Explain how Demand, Elasticity, and Total Revenue are all related to each other. Explain this relationship using at least two examples that incorporates all three concepts. Use examples from personal experience. *can anyone please explain this to me or simplify this? i really ...
Sunday, November 14, 2010 at 10:33pm

economics
A monopolist faces an upward-sloping marginal cost curve. Its profit-maximizing quantity will be a. at the minimum point of the marginal cost curve b. less than the (total) revenue-maximizing quantity c. equal to the (total) revenue-maximizing quantity d. in the unit elastic ...
Saturday, November 13, 2010 at 6:38pm

economics
what are the theories of david mcclelland?
Saturday, November 13, 2010 at 4:38am

Economics
At range of outputs showing economies of scale or size is called what?
Friday, November 12, 2010 at 5:56pm

To TC
Please do not post any more economics assignments until you've answered my queries about your two previous posts.
Thursday, November 11, 2010 at 8:02pm

economics
The participation of women in the U.S. labor force has risen dramatically since 1970. a. How do you think this rise affected GDP? b. Now imagine a measure of well-being that includes time spent working in the home and taking leisure. How would the change in this measure of ...
Thursday, November 11, 2010 at 7:52pm

home economics
what are the different branches of home economics??????
Thursday, November 11, 2010 at 2:18am

Managerial Economics
4. Explain how each of the following events will affect the average and marginal cost curves of a firm : a) a decrease in labour rate; b) an increase in rent for a facility; c) stricter environmental regulation requiring installation of scrubbers on smokestacks; d) a decrease ...
Tuesday, November 9, 2010 at 11:16pm

Managerial Economics
5. Call Us demand function is Q = 20 – 0.2P and the MC = 10 + 5Q. Given that TFC = $2,000; a) Derive an equation for the TC. b) Calculate the profit at the profit maximizing level.
Tuesday, November 9, 2010 at 11:13pm

ECONOMICS
WHAT IS HORIZONTAL INTERGRATION
Tuesday, November 9, 2010 at 7:10pm

economics
wHAT IS VERTICAL INTERGRATION
Tuesday, November 9, 2010 at 7:09pm

economics
please i wish to know the relationship between arithmetic progression and geometric progression as related to business studies
Tuesday, November 9, 2010 at 12:53pm

economics (game theory)
Consider the normal tick tack toe game, but this time you have to AVOID getting 3 in a row in any line. Is there any strategy you can tell me that will make sure the first mover doesnt lose. Thanks
Tuesday, November 9, 2010 at 2:07am

Economics
Ashley is currently consuming 10 hot dogs and 8 hamburgers a week. The last hot dog she consumed yielded 20utils while the last hamburger she ate gave her 25utils. If hot dogs cost $2 and hamburgers cost $2.50, is Ashley consuming the correct quantities of these two goods to ...
Monday, November 8, 2010 at 4:04pm

Managerial Accounting
What is your view of the business economics of the Thoroughbred Horse Industry? What are the risk? How should the industry measure success?
Monday, November 8, 2010 at 10:40am

economics
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 ...
Sunday, November 7, 2010 at 7:13pm

economics
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 ...
Sunday, November 7, 2010 at 7:12pm

economics
Identify the ROI and NPV of the wireless order-taking system. Discuss some of the intangibles Lisa needs to consider and make a recommendation as to whether Lisa should order such a system.
Sunday, November 7, 2010 at 4:22pm

Economics
Explain how banks and individuals can use “covered interest arbitrage” to protect themselves when they make international financial investments
Saturday, November 6, 2010 at 7:29pm

ECONOMICS PLEASE PLEASE HELP!!
Lots of folks these days believe that CO2 emissions generated by human actions --- notably production of goods and services --- are causing climate change, more specifically, global warming. For the sake of dialectic discussion, let's suppose that claim is correct. If it ...
Saturday, November 6, 2010 at 7:20pm

economics
You are planning to estimate a short- run production function for your firm, and you have collected the following data on labor usage (L) and output (Q): Labor usage Output 3 1 7 2 9 3 11 5 17 8 17 10 20 15 24 18 26 22 28 21 30 23
Saturday, November 6, 2010 at 5:27pm

economics
Gamma Corporation, one of the firms that retains you as a financial analyst, is considering buying out Beta Corporation, a small manufacturing firm that is now barely operating at a profit. You recommend the buyout because you believe that new management could substantially ...
Saturday, November 6, 2010 at 4:55pm

MANAGERIAL ECONOMICS
SHOULD WE RENT OR BUY A HOUSE?
Saturday, November 6, 2010 at 10:10am

managerial economics
mux/px=muy/py<muz/pz, there are 3 goods and z has a larger mu per dollar than x and y. so how does a consumer rectify this maximize satisfaction?
Friday, November 5, 2010 at 7:36pm

Managerial Economics
Suppose that a firm is currently employing 10 workers, the only variable input, at a wage rate of $100. The average physical product of labor is 25, the last worker added 10 units to total output, and total fixed cost is $5,000. a. What is marginal cost? b. What is average ...
Wednesday, November 3, 2010 at 7:48pm

economics
Differeciate macroeconomics and microeconomics
Tuesday, November 2, 2010 at 6:20pm

Economics and development studies
Define food aid critically analyse it relevance to the developing prospects of the deloping countries. Its an essay reference needed
Tuesday, November 2, 2010 at 6:17pm

economics and development studies
What is population? Discuss the connection between population and development. Its any essay so bibliography
Tuesday, November 2, 2010 at 6:11pm

Economics and development studies
What is poverty? Why is important to understand the different context in which poverty manifests itself? Its an essay question Reference needed
Tuesday, November 2, 2010 at 6:04pm

Statistics
What are the steps espoused by Applied Statistics in Business and Economics for formal hypothesis testing? Explain why the sequence is important. What might happen if the hypothesis test is performed before the researcher has decided on the significance level?
Tuesday, November 2, 2010 at 11:05am

Economics
Indicate the effect that each of the following conditions will have on a company's average variable cost (AVC) and average total cost (ATC) curves: a. The movement of a company's administrative offices from New York City to New Jersey where rent costs are lower. b. The...
Monday, November 1, 2010 at 9:37pm

Economics
Suggest three reasons why there is a market for expensive imported alcoholic drinks in countries such as Thailand, South Korea or India when there are locally produced substitues sold at a fraction of the price.
Monday, November 1, 2010 at 2:32pm

economics
how would a citizen whoose income is in the top one percent talk about scarcity and trade offs?
Monday, November 1, 2010 at 12:22pm

eCONOMICS
Explain how an economist could use the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter.
Monday, November 1, 2010 at 12:48am

Managerial 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...
Sunday, October 31, 2010 at 7:06pm

Managerial Economics
When McDonald’s Corp. reduced the price of its Big Mac by 75 percent if customers also purchased french fries and a soft drink, The Wall Street Journal reported that the company was hoping the novel promotion would revive its U. S. sales growth. It didn’t. Within two...
Sunday, October 31, 2010 at 2:16pm

Managerial Economics
Antitrust authorities at the Federal Trade Commission are reviewing your company’s recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power. A hearing is scheduled for your company to present ...
Sunday, October 31, 2010 at 2:16pm

Economics
I need 3 reasons for the following questions: 1. how is comparative advantage shifting in car prodcuton? 2. Does France still have a comparative advantage in fine wines? Why?
Sunday, October 31, 2010 at 11:52am

economics
Teddy Bear, Inc., a rapidly growing manufacturer of high fashion children's shoes, plans to open a new production facility in Gastonia. Based on information provided by the accounting department, the company estimates fixed costs of $250,000 per year. Its average variable ...
Saturday, October 30, 2010 at 3:15pm

manaegerial economics
iven a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes pr
Saturday, October 30, 2010 at 1:28am

economics
Ninety-one-day Treasury bills carry an investment return (IR) of 6.25 percent. What is their purchase price? What is their discount rate (DR)? What are the formulas and how do you figure the answer? Thank you so very much.
Friday, October 29, 2010 at 3:39pm

economics
An automobile company, NISSAN, has a temporary cash surplus and lends its funds overnight through a repurchase agreement to a government securities dealer, earning $55,600 in interest income when the RP loan rate stood at 5.70 percent. What was the size of the loan that NISSAN...
Friday, October 29, 2010 at 3:29pm

economics
Expected cash flow from security $1000. What is the present value of expected cash flow (15% discount rate)? Please explain how to figure it. Thank you so much.
Friday, October 29, 2010 at 12:31pm

economics
ABC Machinery produces ice machine with historical (monthly) data in the Excel file. Please construct its short-run total cost function to answer the following questions: QUESTIONS 1. Given the data, please construct a Short-Run total cost (TC) function (cubic function) by ...
Friday, October 29, 2010 at 11:59am

Economics
What is the name given to the price set below the equilibrium point by the government?
Thursday, October 28, 2010 at 4:41pm

economics
The cost function for an enterprise has the following form: TC = 10L + 20K The production function has the form: 4 ln L + 10 K 1/2 a. Derive the mathematical forms of the marginal and average products of capital and labor. How is the marginal product of labor affected by ...
Thursday, October 28, 2010 at 2:48pm

economics
3 . The production of housing has the following form: H = number of housing units = 4(L + 10)1/2 + 80 (M + 3)3/4, where L is land and M is materials. One unit of L costs 100 and 1 unit of M costs 12. Find the cheapest ways to produce 1000 housing units, 2000 housing units, and...
Thursday, October 28, 2010 at 1:31pm

economics
suppose that demand increase by 10% and supply increase by 50%. what would you expect to occur in the market for the good?
Wednesday, October 27, 2010 at 9:36pm

economics
With illustrations, show how the study of business economics helps a business manager in decision making?
Wednesday, October 27, 2010 at 1:16am

economics
suppose pam owns her own building in chicago, which she could rent for 200000 a year, and used to make 60000 a year managing a bed, bath, and beyond store. she decides to open a surfing store. her yearly sales are 500000, she pays her 2 sales workers 20000 each, she pays ...
Tuesday, October 26, 2010 at 7:45pm

economics
1. Consider the following four debt securities, which are identical in every characteristic except as noted: W: A corporate bond rated AAA X: A corporate bond rate BBB Y: A corporate bond rated AAA with a shorter time to maturity than bonds W and X Z: A corporate bond rated ...
Tuesday, October 26, 2010 at 2:19pm

Health economics
indicate at which point flat-of-the-curve medicine is experienced in the following example (image that anitbiotics have been prescribed for a given population of 1,000 elderly person
Monday, October 25, 2010 at 10:34pm

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...
Monday, October 25, 2010 at 9:22pm

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...
Monday, October 25, 2010 at 6:53pm

economics
if ad1 and as1 are the before curves and ad2 and as2 are the after curves how is this graph set up
Sunday, October 24, 2010 at 6:36pm

economics
economics - bobpursley, Sunday, October 24, 2010 at 12:06pm present value= 10,000/(1+i)+10000/(1+i)^2 I do not understand the answer!!!!!
Sunday, October 24, 2010 at 3:10pm

Economics
Can someone help me with this question..Pleaseeee!! Suppose a government moves to reduce a budget deficit. Using the long-run model of the economy developed in Chapter 3, graphically illustrate the impact of reducing a government's budget deficit by reducing government ...
Sunday, October 24, 2010 at 2:56pm

Economics
Why do France, USA, CHINA AND INDIA HAVE COMPARATIVE ADVVANTAGE IN TOURISM?
Sunday, October 24, 2010 at 2:17pm

ECONOMICS
Q2) Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which: a) maximizes total revenue b) maximizes profits
Sunday, October 24, 2010 at 2:11pm

Economics
Why might exploiting a comparative advantage increase real incomes? I just need two reasons
Sunday, October 24, 2010 at 1:25pm

social studies
-Lyndon B. Johnson Former President Lyndon felt that the most important first step in the war against poverty is? A) full employment B) efficiency in government C) our natural defense D) private and public economics
Sunday, October 24, 2010 at 1:20pm

Statistic
Using this TABLE 12-6 for the following questions: The dean of a college is interested in the proportion of graduates from his college who have a job offer on graduation day. He is particularly interested in seeing if there is a difference in this proportion for accounting and...
Sunday, October 24, 2010 at 1:00pm

Applied statistics for business and economics
Only 0.02% of credit card holders of a company report the loss or theft of their credit cards each month. The company has 15,000 credit cards in the city of Memphis. Use the Poisson probability tables to answer the following questions. What is the probability that during the ...
Sunday, October 24, 2010 at 12:12pm

economics
What is the present value of $10,000 paid out at the beginning of each of the next two years using an interest rate of 10%?
Sunday, October 24, 2010 at 11:50am

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