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July 24, 2014

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Recent Homework Questions About Economics

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Economics
Indicate at which point flat-of the curve medicine is experienced in the following example (imagine that antibiotics have been prescribed for a given population of 1,000 elderly persons.) No# Of Hospitalizations Prescriptions 0 60 100 50 200 40 300 32 400 28 500 28
Tuesday, July 13, 2010 at 1:18pm

Health care Economics
4. The following is a cost function for clinic visits in a small inner city clinic. Quantity of Visits Total Costs per Week Marginal cost 0 $10 0 1 15 5 2 25 10 3 45 20 4 75 30 5 115 40 6 165 50 a. Determine the marginal cost for each level of output b. If the price per visit ...
Tuesday, July 13, 2010 at 1:05pm

economics
A firm has two factories, one twice as large as the second. As the number of workers at each factory increases, which factory will experience diminishing returns first?
Monday, July 12, 2010 at 11:54am

math
Week 4: Exercises from E-Text 12. Individual Assignment: Exercises From the E-Text Due 7/12/10 • Resource: Applied Statistics in Business and Economics • Prepare answers to the following exercises from the Applied Statistics in Business and Economics e-text: o ...
Monday, July 12, 2010 at 11:26am

Econ
1.ÊA production-possibilities curve indicates the:Ê A.ÊCombinations of goods and services an economy is actually producing. B.ÊMaximum combinations of goods and services an economy can produce given its available resources and technology. C.Ê...
Sunday, July 11, 2010 at 5:48pm

economics
Which economic system is used to handle a crisis of epic proportions, such as natural disaster?
Saturday, July 10, 2010 at 12:53pm

economics
Market research has revealed the following information about the market for chocolate bars. The demand schedule can be represented by the equation QD=1,600-300P, where QD is the quantity demanded and P is the price. The supply schedule can be represented by the equation QS=1,...
Friday, July 9, 2010 at 12:28am

economics
Beach front resorts have an inelastic supply and automobiles have an elastic supply. Suppose that a rise in population doubles the demand for both products(that is the quantity demanded at each price is twice what it was) a, what happens to the equilibrium price and quantity ...
Friday, July 9, 2010 at 12:25am

Economics Homework
Use the Expenditure Equation for GDP (GDP = C + 1 + G + XN). Using your research skills, find the values for each sector for the years 1929 and 1933. Determine the percentage change for the two years. Explain the drastic change and what this meant for the U.S. population.
Thursday, July 8, 2010 at 6:17pm

Economics
Explain how decision making, interaction and the workings of the economy influences the marginal benefits and marginal costs associated with the decision to purchase a house?
Thursday, July 8, 2010 at 2:17am

Need HELP ASAP - PLEASE ` economics
Suppose the economy has been producing its potential, but it is now experiencing a recession. Which of the following is a discretionary fiscal policy that would bring the economy closer to its potential output? Check all that apply. 1) A tax cut 2) A tax increase 3) The sale ...
Wednesday, July 7, 2010 at 12:35am

Economics - Please Help
Suppose the economy has been producing its potential, but it is now experiencing a recession. Which of the following is a discretionary fiscal policy that would bring the economy closer to its potential output? Check all that apply. 1) A tax cut 2) A tax increase 3) The sale ...
Tuesday, July 6, 2010 at 11:19pm

economics
If chocolate is found to have positive health benefits, would this lead to a shift in the demand curve or a movement along the demand curve
Tuesday, July 6, 2010 at 4:19pm

Economics
With the new UK emregncy budget what are the advanatages and disadvantages of decreasing the corporation tax?
Tuesday, July 6, 2010 at 1:58pm

economics 503
a bowed production possibilities curve PPC indicates, a. trade off between the 2 goods is not constant b. inefficient production c. only 1 good is always being produced d. changing technology. which one?????
Sunday, July 4, 2010 at 6:32pm

economics
You work as the manager of the second largest bank in your region of the United States. The bank's top management team has asked you to present an overview of how the current economy and financial changes have impacted your business and what changes must be made as a ...
Sunday, July 4, 2010 at 5:22pm

economics
Explain what happens to the official measure of GDP in each of the following situations. a. air quality improves significantly throughout the US but there are no effects on aggregate production or on market prices of final goods and services. b. The US government spends ...
Saturday, July 3, 2010 at 5:13pm

economics
Assume Cliff and Paul were both producing wheat and corn, and each person was dividing his time equally between the two. Then each decides to specialize in the product in which he has a comparative advantage. Furthermore, they agree to trade 3 bushels of wheat for 3 bushels of...
Thursday, July 1, 2010 at 8:47pm

US History II
Would anyone consider the inauguration of a president a movement, trend, or activities in economics?
Thursday, July 1, 2010 at 3:37pm

managerial economics
2. Decide whether the following product is normal, inferior, or luxury. Explain how you can find that? a. Income increases by 20% and quantity decreases by 30% b. Income decreases by 20% and quantity decreases by 30 % c. Income decreases by 20% and quantity decreases by 10%
Thursday, July 1, 2010 at 3:24pm

managerial economics
1. Calculate the demand elasticity of demand ( by using at least two methods) given the following information: P1 = 10 Q1=100 P2 = 15 Q2 = 20 Is the product elastic or inelastic?
Thursday, July 1, 2010 at 3:23pm

managerial economics
Explain how the following events might affect the market demand curve for prime filet mignon a. A fall in price of filet mignon because of decline in cattle prices b. A general rise in consumer's income c. A rise in the price of lobster d. Increased health concerns about ...
Thursday, July 1, 2010 at 3:20pm

managerial economics
Explain the relationship between product X, product Y and product Z or the properties of each according to the following statements a. Cross price elasticity between X and Y is -4 b. Cross price elasticity between X and Y is 12 c. Cross price elasticity between Y and Z is 0 d...
Thursday, July 1, 2010 at 3:19pm

managerial economics
Suppose that the demand curve for beans is given by: Q=20-P Where Q is thousands of pounds of beans bought per week and P is the price in dollars per pounds a. How many beans will be bought at P=0 b. At what price does the quantity demanded of beans become zero c. Calculate ...
Thursday, July 1, 2010 at 3:09pm

economics
Is your school currently producing at capacity? What considerations might inhibit full capacity utilization?
Tuesday, June 29, 2010 at 10:11pm

economics
a statement that best reflects an evaluation of monolopy firms is that
Monday, June 28, 2010 at 7:13pm

U.S History II
I think I'm over thinking this... Could someone explain what this means: List three contemporaneous movements, trends or activities in literature, science, art or economics. It also says that: For purposes of this activity,define "contemporaneous" as any event ...
Sunday, June 27, 2010 at 12:52pm

economics
An increase in the value of the U.S. dollar relative to foreign currencies would lead to A) an increase in U.S. exports and a decrease in U.S. imports B) a decrease in U.S. exports and an increase in U.S. imports C) an increase in both U.S. imports and U.S. exports D) a ...
Saturday, June 26, 2010 at 5:22pm

economics
We can conclude that there has been inflation since the base year if the GDP price index in the current year is A) positive B) equal to zero C) less than 100 D) greater than 100 E) negative
Saturday, June 26, 2010 at 5:13pm

science
Suppose that you were head of a family planning agency in India. How would you design a scientific study to determine the effectiveness of different approaches to population stabilization? How would you account for factors such as culture, religion, education, and economics?
Friday, June 25, 2010 at 11:17pm

Economics
What are the limitations of cournot duopoly model?
Wednesday, June 23, 2010 at 5:05am

Economics
What are the weeknesses of chamberling doupoly model?
Wednesday, June 23, 2010 at 5:04am

economics
By 2008 the US trade deficit was still very large (roughly 5% of gross income) and our net debt position was around $5 trillion (over 1/3 of gross income). Unfortunately, it also appears that we have fallen into a major recession of uncertain duration and depth. Discuss the ...
Wednesday, June 23, 2010 at 4:07am

ECONOMICS
T OR F A rise in Canadian interest rates will boost the dollar's exchange value, reducing domestic price levels.
Tuesday, June 22, 2010 at 10:18am

ECONOMICS
T OR F A payment made to a Canadian shareholder from an American corporation would be recorded as an invisible import.
Tuesday, June 22, 2010 at 10:13am

ECONOMICS
T or F Interest payments on Canadian government debts to foreigners are a major reason for our negative current account.
Tuesday, June 22, 2010 at 10:10am

economics
What effects will this change have on the exchange rate of the canadian dollar in terms of the us dollar? Good Canadian real estate market sends a signal to American construction companies.
Monday, June 21, 2010 at 6:22pm

Government/Economics
Which of the following statements is incorrect? a.)Early representative parliaments were elected by the people. b.)The development of representative parliaments helped establish the principle of consent of the governed. c.)Representation is a crucial element of democracy in ...
Saturday, June 19, 2010 at 11:34pm

Economics
which country would rank as the best place to raise a child. Be sure to include comparisons such as Literacy rates, infant mortality rates, and any other comparison of a country that you feel might be important to your child.
Saturday, June 19, 2010 at 1:17pm

Government/Economics
Is a Democracy a form of authoritarianism?
Friday, June 18, 2010 at 11:37pm

Government/Economics Check
Out of 48 questions I struggled with these. Could someone please check? These are multiple choice questions, so if I'm incorrect I can re evaluate my other choices. 1.) A system of social control under which a particular group has the power to make and enforce laws=...
Friday, June 18, 2010 at 10:39pm

Economics
You have opened your own word-processing service. You bought a personal computer, 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 used machine for $1,000. If you were ...
Friday, June 18, 2010 at 9:13pm

home economics
what was the meaning of home economics',,,really need to know,,,
Friday, June 18, 2010 at 10:39am

economics
what is absolute advantage of 200 lbs corn and 50 pigs
Thursday, June 10, 2010 at 7:16pm

economics
Assume that the capital account is equal to zero. Net unilateral transfers 150 Exports of goods and services 7500 Net increase in United States government’s nonreserve foreign assists -130 Net increase in foreign ownership of United States based nonreserve assets 550 Net ...
Wednesday, June 9, 2010 at 10:12pm

Economics
A nations capital goods wear out over time, so a portion of it's capital goods become unusable every year. Last year, its residents decided to produce no capital goods, It has experienced no growth in its population or in the amounts of other productive resources during ...
Wednesday, June 9, 2010 at 4:55pm

Macroeconomic
The idea that creating incentives for individuals and firms to increase productivity leading to an increase in the long-run aggregate supply curve is a. the Ricardian equivalence theorem. b. demand-side economics. c. consistent with crowding out. d. supply-side economics.
Tuesday, June 8, 2010 at 4:05pm

Economics
1) Which of the following is an example of a measure of labor productivity? a. Autos get 30 gallons to the mile. b. The growth rate of per capita real GDP is 3.5 percent per year. c. Farm workers produce 30 bushels of wheat per worker per day. d. Wages increase by 3.5 percent ...
Tuesday, June 8, 2010 at 2:54pm

economics
What calculations and ratios should a firm utilize to ensure it is competing at a high level? Why?
Tuesday, June 8, 2010 at 10:04am

economics
Calculate the mid-point elasticity of demand. The online bookseller wants to increase its total revenue by offering 10% discount on every book it sells.Its custmers are divided in 2 groups Group A and group B Volume of sales before the discount for Group A= sales for $1.55 ...
Monday, June 7, 2010 at 2:29pm

home economics
what are the different brands of packaged soups?
Sunday, June 6, 2010 at 4:50pm

economics
Find the optimal crude oil allocation in the preceding example if the profit associated with fiber were cut in half, that is, fell to $.375 per square foot
Sunday, June 6, 2010 at 4:49pm

Economics
Do government statisticians calculate GDP by simply adding up the total sales of all business firms in one year
Sunday, June 6, 2010 at 10:10am

economics
Suppose that two people, Mary and John each live alone in an isolated region. They each have the same resources available, and they grow corn and raise pigs. If Mary devotes all her resources to grow ...
Saturday, June 5, 2010 at 11:17am

Economics
President George Bush maintained a “hands-off” policy during the 1990-1991 recession. How did he expect the economy to recover?
Thursday, June 3, 2010 at 4:39pm

Micro ECONOMICS
The majority of the world’s diamonds comes from Country A and Country B. Suppose that the marginal cost of mining a diamond is $1,000 per diamond and that the demand schedule for diamonds is as follows: Price Quantity $ 6,000 5,500 5,000 6,500 4,000 7,500 3,000 8,500 2,...
Thursday, June 3, 2010 at 11:40am

economics
i have some questions please help Transportation equipment that was purchased in 2004 for $200,000 must be replaced at the end of 2009. what is the estimated cost of the replacement, based on, the following equipment cost index: Year INDEX YEAR INDEX 2004 223 2007 257 2005 238...
Thursday, June 3, 2010 at 7:57am

economics
If there is "too much of a good thing", the marginal cost of the last item exceeds its marginal benefit.
Wednesday, June 2, 2010 at 5:55pm

Academic American Government and Economics
What is the most important issue facing the global economy? Explain the issue in detail and your reasoning for it being so important.
Tuesday, June 1, 2010 at 9:26pm

economics
If there has been a 10 percent increase in consumer income between two periods, what was the percentage change in the demand for foreign travel. The income elasticity for foreign travel is 1.93
Sunday, May 30, 2010 at 9:29pm

economics
determine by how much the demand for Florida Indian River oranges would change as a result of a 10 percent increase in the price of Florida interior oranges, and vice versa.
Sunday, May 30, 2010 at 9:26pm

economics
Use an aggregate demand and supply diagram to explain how each of the following scenarios affects the equilibrium price level and aggregate output. Consider first the short-run, then the long-run equilibrium for each scenario. a) Consumers expect a recession, while resource ...
Sunday, May 30, 2010 at 5:08pm

economics
Assume that the reserve requirement is 20%. Also assume that banks do not hold excess reserves and there is no cash held by the public. The Federal Reserve decides that it wants to expand the money supply by $40 million. a. If the Fed is using open-market operations, will it ...
Friday, May 28, 2010 at 6:56pm

economics
What makes the New York Federal Reserve regional bank so important?
Friday, May 28, 2010 at 5:47pm

home economics
what are the choices of career in home economics influence of orientation in home economics
Thursday, May 27, 2010 at 5:09am

12th grade Economics
Graph and explain what happens to the domestic price of steel after the tariffs are removed.
Wednesday, May 26, 2010 at 7:17pm

Economics
The top four firms in industry A have market shares of 30,25,10,and 5 percent,respectively. The top four firms in industry B have mraket shares of 15,12,8,and 4 percent, respectively. Calculate the four-firm concentration ratios for the two industries. Which industry is more ...
Wednesday, May 26, 2010 at 12:02am

economics
1)Robert received a $100 gift certificate to a bookstore a year ago. The economy has been in an inflationary period for the last year. This gift certificate is A. not expressed in either real or nominal terms since it is not money. B. adjusted in terms of the CPI. C. expressed...
Tuesday, May 25, 2010 at 7:16pm

economics
1)Robert received a $100 gift certificate to a bookstore a year ago. The economy has been in an inflationary period for the last year. This gift certificate is A. not expressed in either real or nominal terms since it is not money. B. adjusted in terms of the CPI. C. expressed...
Tuesday, May 25, 2010 at 5:24pm

Macro economics
1)Robert received a $100 gift certificate to a bookstore a year ago. The economy has been in an inflationary period for the last year. This gift certificate is A. not expressed in either real or nominal terms since it is not money. B. adjusted in terms of the CPI. C. expressed...
Tuesday, May 25, 2010 at 5:07pm

Micro Economics
Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party. Identify a positive and a negative externality. Discuss the benefits and costs associated with each type of ...
Tuesday, May 25, 2010 at 9:23am

economics
When demand falls and supply remains the same, equilibrium price _______ and equilibrium quantity ________. A) falls, falls B) rises, rises C) falls, rises D) rises, falls
Tuesday, May 25, 2010 at 12:19am

economics
When the market price is above equilibrium price, the market price will be drive
Tuesday, May 25, 2010 at 12:18am

COM 220
The news from China in recent weeks has been dire. Violent strikes and protests are reported almost daily. Millions of workers are out of jobs. Economic indicators presage more gloom, with electricity production for industry falling 4% in October, the first time it has ...
Monday, May 24, 2010 at 10:54am

economics
With proportional income tax, a. The tax multiplier equals (MPC)(1-MPC) b. The tax multiplier equals –MPC/(1-MPC) c. The spending multiplier equals (MPC)/(1-MPC) d. The spending multiplier equals 1/[1-MPC(1-t)] e. The spending multiplier equals 1/[1-(MPC)t] Suppose the ...
Sunday, May 23, 2010 at 7:46pm

English
Posted by rfvv on Saturday, May 22, 2010 at 2:09am. 1. How about goind economics camp? 2. How much did you spend? I bought a $50 shirt and a $5 socks. (Would you check the expressions? Please correct incorrect expressions?) English - SraJMcGin, Saturday, May 22, 2010 at 2:11am...
Saturday, May 22, 2010 at 9:57am

English
1. How about goind economics camp? 2. How much did you spend? I bought a $50 shirt and a $5 socks. (Would you check the expressions? Please correct incorrect expressions?)
Saturday, May 22, 2010 at 2:09am

Economics
What will be the outcome to global economics and the condition of man given increasing global birth rates and why?
Thursday, May 20, 2010 at 10:56am

economics
In the hope of high returns, venture capitalists provide funds to finance new (start up) companies. However, potential competitors and structures of the market into which the new firm enters are extremely important in realization of profits.
Wednesday, May 19, 2010 at 3:04pm

economics
how might these trade restrictions on imported goods affect the japanese economy
Wednesday, May 19, 2010 at 9:25am

Economics
If the real interest rates change in an economy due to a rise in income what is the impact on Money supply? a. Quantity of Money supplied will increase b. Quantity of Money supplied will decrease c. Quantity of Money supplied will not change d. None of the above choose the ...
Tuesday, May 18, 2010 at 10:20pm

Economics
Hopefully someone can help me with this. "Suppose the production of airframes is characterized by a CES production function: Q=(K^0.5 + L^0.5)^2 (MPL = (K^1/2 + L^1/2) /L^1/2), MPK = (K^1/2 + L^1/2) /K^1/2) Suppose that the price of labor is $10 per unit and the price of ...
Monday, May 17, 2010 at 6:33pm

Economics
Maybe today someone will help!! Please:) There are two firms who collude and behave like one firm but with two plants. MC1=10, MC2=30. Market demand Q=200-P. Two plants maximize profits. What is total profit nad production, price in each plant? There is also presumption that ...
Monday, May 17, 2010 at 1:02pm

managerial economics
1. Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn’t matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt. Driver 2 Left Right Driver 1 Left 0,0 -1000 -1000 Right -...
Monday, May 17, 2010 at 12:17pm

economics
what is taxation
Monday, May 17, 2010 at 11:54am

Economics
A New Hampshire resort offers year-round activities: in winter, skiing and other cold-weather activities; and in summer, golf, tennis, and hiking. The resorts operating costs are essentially the same in winter and summer. Management charges higher nightly rates in the winter, ...
Sunday, May 16, 2010 at 12:29pm

Economics
The U.S. cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Under the proposed settlement, cigarette companies will make fixed annual payments to the government based on their historic market shares. Supposed a ...
Sunday, May 16, 2010 at 12:28pm

economics
How goverment intervention can could improve societys welfare by changing peopple's incentives. What way is the market going wrong? Pollution from auto emissions has reached unhealthy levels
Saturday, May 15, 2010 at 6:51pm

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 salespeople. You are considering hiring from 5 to 10 additional personnel QUESTION: How would ...
Saturday, May 15, 2010 at 5:42pm

ECONOMICS
A firm uses a single plant with costs C= 160 +16Q +.1Q2 and faces the price equation P= 96 – .4Q. a) Find the firm’s profit-maximizing price and quantity. What is the profit? b) The firm’s production manager claims that the firm’s average cost of production...
Saturday, May 15, 2010 at 12:40pm

U.S. and Global Economics
(This homework question was removed due to a copyright claim submitted by K12 Inc.)
Thursday, May 13, 2010 at 9:59pm

economics
what source of economic groth is reflected in the economy by an increase in productivity without an increase in productivity in land, labor, or capital?
Thursday, May 13, 2010 at 9:55pm

Economics
In the hope of high returns, venture capitalists provide funds to finance new (start up) companies. However, potential competitors and structures of the market into which the new firm enters are extremely important in realization of profits. Among different market structures, ...
Tuesday, May 11, 2010 at 3:13pm

Economics
Programs aimed only at people who are poor or disabled are known as? a. social insurance programs b. governmental programs c. federally funded programs d. public assistance programs
Monday, May 10, 2010 at 5:52pm

Economics
Property taxes, which are calculated as a percentage of the value of a home, are an example of a. the benefits- recieved principle b. a regressive tax c. the ability to pay principle d. a proportional tax
Monday, May 10, 2010 at 5:50pm

health international
What are the economics in India(poverty level), Demographic( includes social indicators) and health includes mortality Learn what they mean
Monday, May 10, 2010 at 1:26pm

Micro economics
1. prove mathematically that MC does not depend on TFC 2. if the average cost of producing 8 units of output in $80 and that of prodcuing 9 units of output is $90, find the marginal cost of the 9th unit of output and the total cost of the last unit
Monday, May 10, 2010 at 7:07am

ECONOMICS
In November 1990, Chrysler Corporation announced plans to initiate three shift or nearly continuous (21-hours –per-day) production at a number of its plants. Explain why Chrysler’s decision might have been prompted by movements in its wage costs or capital costs, or ...
Sunday, May 9, 2010 at 3:12pm

Economics
I'm supposed to use a price index for GDP chart to find the GPD deflator of 1983 how do i do that? To get the chart google nipa bea chart,click the first choice, and select tale 1.1.4
Sunday, May 9, 2010 at 10:04am

economics
a firm has two factories, one twice as large as the second. as the number of workers at each factory increases, which factory will experience diminishing returns first
Saturday, May 8, 2010 at 8:58am

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