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Recent Homework Questions About Economics

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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

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

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