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October 24, 2014

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Recent Homework Questions About Economics

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economics
CRITICAL THINKING why might and economist look at hundreds of cars moving along and assembly line and say , "there is an example of scarcity"?
Saturday, September 4, 2010 at 6:31pm

Economics
The general supply function for new housing in Miami is estimated to be Qs=96+2P-10Pl-4Pk where P is the price per square foot of new housing in Miami, PL is the average hourly wage rate for construction workerw, and PK is the price of capital (as measured by the average rate ...
Saturday, September 4, 2010 at 1:19pm

economics
Which economic system works best when there is a crisis of epic proportion?
Friday, September 3, 2010 at 8:18pm

7th grade
list 10 carees in home economics
Thursday, September 2, 2010 at 7:19pm

economics
4. Consider public policy aimed at smoking. a. Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a pack of cigarettes currently costs $2 and the government wants to reduce smoking by 20 percent, by how much should it increase the price? b. If...
Wednesday, September 1, 2010 at 6:56am

Home economics
How to knit
Monday, August 30, 2010 at 9:29pm

Managerial Economics
# of Fisherman Daily Tuna Catch 0 0 1 50 0.02 2 110 0.02 3 300 0.01 4 450 0.01 5 590 0.01 6 665 0.01 7 700 0.01 8 725 0.01 9 710 0.01 Suppose market price of tuna is $3.50/lb. How many fisherman should the company use if the daily rate is $100?
Monday, August 30, 2010 at 12:27pm

Managerial Economics
How would you react to a sales manager’s announcement that he or she has in place a marketing program to maximize sales?
Sunday, August 29, 2010 at 7:33pm

Home economics
You're likely to encounter formal service in all the following setting except which one? A. A gourmet restarant B. A wedding C. A church outing D. A dinner party
Saturday, August 28, 2010 at 9:32pm

managerial economics
Which of the following are characteristics of a typical isoquant? a. All input combinations on the isoquant will produce the same level of output. b. The marginal rate of technical substitution decreases as more labor is substituted forless capital. c. a change in input prices...
Saturday, August 28, 2010 at 8:52pm

economics
can anyone explain to me how to solve for P, if Q=240-2P?
Thursday, August 26, 2010 at 10:01am

Economics
A factory producing motorcycle helmets employs six workers. At the current production level, each worker produces 20 helmets per week. Assuming that labor is the only variable input and that the weekly wage equals $600 per week, average variable cost: a.) equals $600 per ...
Thursday, August 26, 2010 at 9:24am

History
Please give me suggestion on thie essay that I wrote.However, maybe there is some points missing. Thanks. How did imperialism impact non-western economies? How did Europeans achieve these transformations of local economies? What were the effects of those transformations? ...
Thursday, August 26, 2010 at 7:03am

economics
HELP!!!!! One and only Inc is a monopolist. The demand function for its product is estimated to be Q=60-0.4P +6Y+2A Y=3,000 P=Price per Unit Y=Per capita disposable personal income (thousands of dollars) A=hundreds of dollars of advertising expenses The Firms average variable ...
Wednesday, August 25, 2010 at 6:35pm

English
What do you want to do if you have a lot of money? 1. I want to donate a large sum of money to a society for poor people. To die with money is a shame.] 2. I will go abroad to study English. I like to go to Harvard University, where I will major in economics. After graduating ...
Wednesday, August 25, 2010 at 3:29am

economics
18. (Shifts in the PPF) Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think the September 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short- or long term productivity in the United ...
Monday, August 23, 2010 at 10:59pm

economics
(Growth and the PPF) Use the production possibilities frontier (PPF) to demonstrate economic growth. a. With consumption goods on one axis and capital goods on the other, show how the combination of goods selected this period effects the PPF in the next period. b. Extend this ...
Monday, August 23, 2010 at 10:58pm

economics
What is the opportunity cost (in dollars) to attend an hour-long econ lecture for A minimum-wage teenager in fall 2009?
Sunday, August 22, 2010 at 4:23am

Managerial Economics
Q=-5200 - 42P+20Px+5.21+0.20A+0.25M (2.002) (17.5) (6.2) (0.09) (0.21) R2 = 0.55 n=26 F=4.88 P = Price of Product = 500 Px = Price of leading competitor product=600 I = Price per capita = 5,500 A = monthly ependitures = 5000 a = Compute elasticities for each varilable
Friday, August 20, 2010 at 3:29pm

home economics
What are the types of kitchen equipments
Friday, August 20, 2010 at 6:14am

Business Economics
"How do I find out which manufactures in the US sell the most Oxygen Concentrators?"
Thursday, August 19, 2010 at 1:19pm

economics
The mortex company assmebles
Thursday, August 19, 2010 at 3:23am

economics
Suppose that the following equations describe an economy (C, I, G, T, and Y are measured in billions of dollars and r is measured in percent; for example, r = 10 C=170+0.6(Y-T),T=200,I=100-4r,G=350 (M/P)d=L=0.75Y-6r, (M/P)s=735 a. Derive the equation for the IS curve (Hint: ...
Monday, August 16, 2010 at 11:07pm

economics
(2 points) Suppose that the following equations describe an economy (C, I, G, T, and Y are measured in billions of dollars and r is measured in percent; for example, r = 10 means r = 10%) ô€œ¥ô€&mi​cro;Œ170ô€µ…0&#...
Monday, August 16, 2010 at 10:59pm

US History
What is the laissez-faire economics? (related to Herbert Hoover)
Monday, August 16, 2010 at 7:22pm

economics
Review: Full, Anonymous: No Week 3 Homework Please answer the following questions: 1. The following information describes the value Lori Landlord places on having her five apartment houses repainted. She values the repainting of each apartment house at a different amount ...
Monday, August 16, 2010 at 7:07pm

Economics
Price Qs Qd Surplus or Shortage $6.00 30000 0 $5.00 35000 $4.00 40000 $3.00 45000 $2.00 50000 $1.00 55000 -20000 Shortage Q=65,000 - 10,000 P Q = -35,000 + 15,000 P
Monday, August 16, 2010 at 4:17pm

Managerial Economics
Price Qs Qd Surplus or Shortage $6.00 30000 0 $5.00 35000 $4.00 40000 $3.00 45000 $2.00 50000 $1.00 55000 -20000 Shortage Q=65,000 - 10,000 P Q = -35,000 + 15,000 P Fill in the table
Monday, August 16, 2010 at 3:14pm

managerial economics
An airline transportation consultant offers the CEO of BlueStar, a struggling new commercial airline company, the following advice concerning the airline's high operating costs in the current quarter: "You don't have enough aircraft to operate efficiently. However...
Sunday, August 15, 2010 at 4:45pm

economics
Suppose George is making $18 an hour installing electronic chips in hand held computers. Would your offer to work for $8 an hour get you the job? Why might a profit-maximizing employer turn down your offer?
Sunday, August 15, 2010 at 4:44pm

managerial economics
An airline transportation consultant offers the CEO of BlueStar, a struggling new commercial airline company, the following advice conscerning the airline's high operation costs in the current quarter: "You don't have enough aircraft to operate efficiently. ...
Sunday, August 15, 2010 at 4:16pm

managerial economics
An article in BusinessWeek warned of the dangers of deflation as the collapse of numerous Asian economies was creating worries that Asia might try to "export its way out of trouble" by oversupplying everything from automobiles to semiconductors. Evidence that ...
Sunday, August 15, 2010 at 4:05pm

managerial economics
Should a manager hire a new person if they are going to cause a diminishing returns?
Sunday, August 15, 2010 at 3:31pm

managerial economics
Should a manager hire a new person if they are going to cause a diminishing returns?
Sunday, August 15, 2010 at 3:30pm

Managerial Economics
Skateoards sell for $70. During the past year they sold 4,000 skateboards. The company beleives that the price elasticity for product is -2.5. If it decreases the price to $63, what would be the quantity sold?
Sunday, August 15, 2010 at 11:01am

economics
Week 3 Homework Please answer the following questions: 1. The following information describes the value Lori Landlord places on having her five apartment houses repainted. She values the repainting of each apartment house at a different amount depending on how badly it needs ...
Saturday, August 14, 2010 at 11:44pm

economics
I need to review a n example of an essay on a 700-1,050 word essay on one good that you have had experience purchasing and the good I chose is online college explaining factors that could cause possible chandes in supply and demand. Determine at least 2 substitutes there may ...
Saturday, August 14, 2010 at 1:50pm

economics
If the demand for a good has unitary elasticity, or elasticity is −1, it is always true that an increase in its price will lead to more revenues for sellers taken as a whole.
Saturday, August 14, 2010 at 10:35am

economics
Every year Christmas tree vendors bring tens of thousands of trees from the forests of New England to New York City and Boston. During the last two years, the market has been very competitive; as a result, price has fallen by 10 percent. If the price elasticity of demand was...
Saturday, August 14, 2010 at 10:33am

economics
If the elasticity of demand for cocaine is −.2 and the Drug Enforcement Administration succeeds in reducing supply substantially, causing the street price of the drug to rise by 50%, buyers will spend less on cocaine.
Saturday, August 14, 2010 at 10:30am

Mico
I have shown my answers that i thought were correct. Do you mind letting me know what you think. Thank you so much. Anything will help!! I have placed an *. By the ones i think are right!! It has been so long since i took micro!! 1. The basic concern of economics is: (Points: ...
Friday, August 13, 2010 at 3:40pm

Economics
Explain why the FED cannot set intermediate targets in terms of both monetary aggregates and interest rates.
Friday, August 13, 2010 at 9:59am

economics
Suppose we have the following market supply and demand schedules for bicycles: Price Quantity Demanded Quantity Supplied $100 70 30 $200 60 40 $300 50 50 $400 40 60 $500 30 70 $600 20 80 Plot the supply curve and the demand curve for bicycles. (Note please don’t worry ...
Thursday, August 12, 2010 at 7:12pm

manageria economics
the largo publishing house use 400 printers and 200 printers presses to produce book. a printers wage rate is 20 adn the price of a printing press is 5000. the last printer added 20 books to total output. is the publishing house making the optimal in put choice? why or why ...
Wednesday, August 11, 2010 at 3:09am

economics
1. Use the following information to answer the questions below: Quantities Produced Prices CDs Tennis Racquets CDs Tennis Racquets Year 2004 100 200 20 110 Year 2005 120 210 22 120 a. Calculate real GDP using prices from 2004. By what percent did real GDP grow? b. Calculate ...
Tuesday, August 10, 2010 at 11:33pm

economics
engineers at a national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of unleaded gasoline. they estimated that in mass production the car would cost 40000 per unit to build. the engineers argued that congress should force ...
Tuesday, August 10, 2010 at 2:45pm

manageria economics
the largo publishing house use 400 printers and 200 printers presses to produce book. a printers wage rate is 20 adn the price of a printing press is 5000. the last printer added 20 books to total output. is the publishing house making the optimal in put choice? why or why ...
Tuesday, August 10, 2010 at 2:41pm

economics
at a management luncheon two managers were overheard arguing about the following statement a manager should never hire another worker if the new person causes diminishing returns. is this statement correct? if so why? if not explain why not.
Tuesday, August 10, 2010 at 1:18pm

Economics
What types of resources do you believe would be inelastic within the construction industry? Explain. Would you consider the elasticity of demand for oil to be elastic or inelastic?
Tuesday, August 10, 2010 at 12:23pm

Economics
What is the relationship between GDP and the business cycle? How can you use information about the business cycle when making a decision about a large purchase?
Tuesday, August 10, 2010 at 9:51am

economics
What is demonstation effect?
Tuesday, August 10, 2010 at 6:34am

economics
do you agree that the Philippine should be an industrialized country, even if it is one of the agricultural country? justify and give scenario.
Monday, August 9, 2010 at 7:49pm

managerial economics
In 1991 the Air Force awarded a $93 billion (or more) contract to a group led by Lockheed, Boeing, and General Dynamics to build the new fighter plane for the 21st century, the YF-22 Lightning 2. A group headed by Northrop and McDonnell Douglas, which had spent more than $1 ...
Sunday, August 8, 2010 at 4:01pm

managerial economics
The Owner-manager of Good Guys Enterprises obtains utility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures. Can you set up the problem and derive the optimization conditions if ...
Sunday, August 8, 2010 at 3:54pm

managerial economics
In 1991 the Air Force awarded a $93 billion or more contract to a group led by Lockheed, Boeing, and General Dynamics to build the new fighter plane for the 21st century, the YF-22 Lighning 2. A group headed by Northrop and McDonnell Douglas, which had spent more than $1 ...
Sunday, August 8, 2010 at 2:56pm

economics
Ever Kleen Pool Services provides weekly swimming pool maintenance in Atlanta.  Dozens of firms provide this service.  The service is standardized;each company cleans the pool and maintains the proper levels of chemicals in the water. The service is ...
Sunday, August 8, 2010 at 12:15pm

economics
Suppose that there are two states that do not trade: Iowa and Nebraska. Each state produces the same two goods: corn and wheat. For Iowa the opportunity cost of producing 1 bushel of wheat is 3 bushels of corn. For Nebraska the opportunity cost of producing 1 bushel of corn ...
Sunday, August 8, 2010 at 12:08pm

economics
Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demanded for each of the following values of the MPC. a. 0.9 b. 0.8 I don't get it ! please help.
Friday, August 6, 2010 at 4:04pm

economics
The price elasticity of demand for imported whiskey is estimated to be -0.20 over a wide interval of prices. The federal government decides to raise the import tariff on foreign whiskey, causing its price to rise by 20 percent. Will sales of whiskey rise or fall, and by what ...
Thursday, August 5, 2010 at 8:22pm

Economics
Whenever an industry fails to achieve allocative efficiency by producing too little output, a shortage arises. What is wrong with this statement
Tuesday, August 3, 2010 at 9:43pm

economics
Is the mrts? a. minuse one times the ratio of marginal products for ea. input? b. the slope of the marignal revenue product curve c. the marginal products of either input d. the slope of an icocost curve
Tuesday, August 3, 2010 at 5:58pm

economics
) The demand curve for haircuts at Terry barnyards Hair Design is P=20-0.20Q Where Q is the number of cuts per week and P is the price of a haircut. Terry is considered raising her price above the current price of $15. Terry is unwilling to raise price if the price hike will ...
Monday, August 2, 2010 at 8:54pm

Economics
The big three manufactuers in the U.S. are currently in financial trouble. General Motors and Chrysle are filing for bankruptcy. Chrysler is being take over by Fiat. GM is giving ownership to the government in return for a $20 million bailout. 1 Why is the U.S. auto industry ...
Sunday, August 1, 2010 at 10:02pm

US History II
"WWII ends" Would this be considered a movement,trend, or activities in literature, science, art or economics...anyone of these?
Sunday, August 1, 2010 at 4:30pm

HIS/135 Reagan's Economics
I was hoping for some feedback before I turn in this short essay. Assignment: Compare and Contrast the "culture of consumption "during the Eisenhower administration with the "Decade of greed" during the Reagan presidency in 175-225 words. Reagan’s ...
Saturday, July 31, 2010 at 12:18am

home economics
The owner-manager of Good Guys enterprises obtains utility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures. Can you set up a problem and derive the optimization conditions if the...
Friday, July 30, 2010 at 12:59pm

economics
Explain how absolute advantage and comparative advantage differ?
Friday, July 30, 2010 at 12:45am

Economics
A vice president of a company argues that the president of the company should raise workers’ wages if the president wants less absenteeism. The president says that wages probably should be cut so that the workers could not afford to miss so much work. Evaluate the two ...
Wednesday, July 28, 2010 at 9:04pm

economics
Assume there are three markets: A: Wool; B: Synthetic Fiber; C: Business Travel.Using demand and supply analysis explain what happens in the SHORT RUN in all three markets and why?
Wednesday, July 28, 2010 at 8:52pm

economics
Assume there are three markets: A: Wool; B: Synthetic Fiber; C: Business Travel. Assume we are in the years after the introduction of synthetic fibers. Using demand and supply analysis explain what happens in the SHORT RUN in all three markets and why?
Wednesday, July 28, 2010 at 2:17am

Economics
Assume a monopolist with the following: a. Qd = 100 – 10p b. TC = 1 + 2Q Find the following: Price at profit max Quantity at profit max TR at profit max TC at profit max Profit
Tuesday, July 27, 2010 at 7:47pm

economics
Assume there are three markets: A: Wool; B: Synthetic Fiber; C: Business Travel. Assume we are in the years after the introduction of synthetic fibers. Using demand and supply analysis explain what happens in the SHORT RUN in all three markets and why?
Tuesday, July 27, 2010 at 7:45pm

economics
What is meant by the term utility and how does it relate to purposeful behavior
Tuesday, July 27, 2010 at 5:32pm

statistics 2
A Keynesian Consumption Function: In his famous 1936 book, A General Theory of Employment, Interest and Money, the noted British economist John Maynard Keynes proposed a theoretical relationship between income and personal consumption expenditures. Keynes argued that as income...
Monday, July 26, 2010 at 8:57pm

Economics
Has the distribution of income in Canada become equal or more unequal?
Monday, July 26, 2010 at 8:13pm

economics
What is one of the major welfare challenges in Canada and how is it being tackled
Monday, July 26, 2010 at 8:11pm

economics
1. Assume there are three markets: A: Wool; B: Synthetic Fiber; C: Business Travel. Assume we are in the years after the introduction of synthetic fibers. Using demand and supply analysis explain what happens in the SHORT RUN in all three markets and why? 2.Assume a monopolist...
Monday, July 26, 2010 at 5:18pm

Economics
If a firm is producing a level of output where marginal revenue exceeds marginal cost, would it improve profits by increasing output, decreasing output, or keeping output unchanged?
Sunday, July 25, 2010 at 10:14pm

economics ss
which is a valid generalization based on the information in the chart
Saturday, July 24, 2010 at 3:41pm

Economics and Social Issues
Apartheid in Africa was dismantled in a relatively speaking peaceful way. What other ethnic conflicts do you know about that were resolved peacefully in the developing world? Any Examples?
Thursday, July 22, 2010 at 12:09pm

math/everything
do you know any website that can help me with all this 1.Language Arts, Writing, in two parts. •Part 1: Organization, Sentence Structure, Usage, and Mechanics •Part 2: Essay 2.Language Arts, Reading •Poetry •Drama and •Fiction •Non-fiction •...
Thursday, July 22, 2010 at 8:48am

ECON616-1003A-04 Applied Managerial Economics
What would happen to the profit maximizing level of output if the market price suddenly rose to $54 per case?
Wednesday, July 21, 2010 at 7:16am

Economics
A reliable 15-year-old babysitter can be a price maker within her own neighborhood. Suppose that this babysitter wishes to implement a Multipart Pricing Plan. Customers who use her services less than L hours per month will pay a high price of PH dollars per hour. Customers who...
Tuesday, July 20, 2010 at 11:53am

economics
Why might it be appropriate for the government to allow a pharmaceutical company to have a monopoly in the production of a drug?
Tuesday, July 20, 2010 at 12:00am

math
how many diferrent 9-letter words (real or imaginary) can be formed from the letters in the word ECONOMICS? the ans. must be 90,720
Sunday, July 18, 2010 at 6:12pm

economics
explain how the strength of the economy could affect the marginal benefits and the marginal costs associated with a decision to purchase a home.
Saturday, July 17, 2010 at 12:27am

Economics
The Andrews Corporation produced satellite dishes, was purchased by another compay, which was a cable company: The Total Cost function for the New Company is: TC = 1,000 + 16Q – 16Q2, where the demand curve for Satellite Dishes is PS = 400 – QS and that for the cable...
Friday, July 16, 2010 at 3:44pm

math
how many different 9-letter words (real or imaginary) can be formed from the letters in the word ECONOMICS?
Friday, July 16, 2010 at 3:20pm

Economics Help pls
Suppose you are given the following production function: , where y is output and K is capital. y= 60K + 20.3K2- K3 1.1 what is a production function, what is the real work application of such, and where would you source the data to develop a production of the type given above...
Friday, July 16, 2010 at 3:16pm

economics
how would a leader of a developing nation, a us citizen whose income is in the top 1%, and a us citizen whose income is in the bottom 5% talk about scarcity and trade-offs?
Thursday, July 15, 2010 at 1:42pm

economics
you find out that your aunt works for a defense manufactuing compnay that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. what kind of good is that; individual, merit, or public good????????
Wednesday, July 14, 2010 at 2:32pm

Economics
The Federal Reserve board of governors has power to raise or lower short-term interest rates. Between 2005 and 2006, the fed aggressively increased the benchmark federal funds interest rate from 2.5 percent in February 2005 to 2.5 percent in June 2006. Assuming that other ...
Wednesday, July 14, 2010 at 12:18am

Economics
The Federal Reserve board of governors has power to raise or lower short-term interest rates. Between 2005 and 2006, the fed aggressively increased the benchmark federal funds interest rate from 2.5 percent in February 2005 to 2.5 percent in June 2006. Assuming that other ...
Wednesday, July 14, 2010 at 12:17am

Economics
Numerous times is history, the courts have issued consent decrees requiring large companies to break up into smaller competing companies for violating the antitrust laws, The two best known examples are American telephone and telegraph (AT&T) in the 1980s and Microsoft 20 ...
Wednesday, July 14, 2010 at 12:16am

economics
Numerous times is history, the courts have issued consent decrees requiring large companies to break up into smaller competing companies for violating the antitrust laws, The two best known examples are American telephone and telegraph (AT&T) in the 1980s and Microsoft 20 ...
Tuesday, July 13, 2010 at 11:51pm

Economics
Timber companies in the United States cut down many trees on publicly owned land and many trees on privately owned land. Discuss the likely efficiency of logging on each type of land in the absence og government regulation. How do you think the government should regulate ...
Tuesday, July 13, 2010 at 11:28pm

Economics
Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film: Film Orson Alfred Woody Ingmar 1st. $7 $5 $3 $2 2nd. 6 4 2 1 3rd. 5 3 1 0 4th. 4 2 0 0 5th. 3 1 0 0...
Tuesday, July 13, 2010 at 11:18pm

Economics
Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film: film 1st. 2nd. 3rd. 4th. 5th
Tuesday, July 13, 2010 at 10:39pm

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

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