Recent Homework Questions About Economics
Survey of Economics
How do you interpret the phrase there's no such thing as a free lunch and a free lunch is possible in term of the production possibilities curve?
Monday, December 2, 2013 at 10:22pm
1.Which of the following is NOT one of the mantras prescribed the practitioners guide to nudging? (any one) A. If you want people to do something, make it easy and fun B. Always run between-participant experiments to ensure a test of causality C. There can be no evidence...
Thursday, November 28, 2013 at 3:44am
To Anonymous re Behavioural Economics in Action
I have removed your post ... your entire test or homework or whatever it was. No one here will do your work for you, but if you go through this and answer these questions yourself ... and post no more than 5 that you aren't sure of, someone may be able to help.
Wednesday, November 27, 2013 at 7:14pm
Dependency theorists believe that moving surplus labor from agriculture to industry where that labor will earn profits that can be reinvested for further growth is the key to overall economic growth and development. Is this statement true or false? Explain why.
Monday, November 25, 2013 at 4:43am
The federal government, through its control over the American Medical Association, held the physician supply constant for most of the 20th century. True or false?
Monday, November 25, 2013 at 4:10am
A supply curve does all of the following, except: Answer Uses the ceteris paribus assumption. Holds constant time, place, income, costs of inputs, costs of substitutes, and suppliers' expectations about future prices. Shows the quantity producers are willing and able to ...
Sunday, November 17, 2013 at 2:10pm
U.S. and Global Economics:Involving math
Just show me how to calculate it and I'll do the rest. I just don't understand how to calculate this problem. Thank you, An online store that has been successfully growing on its initial angel investment and revenues wants to invest $5 million to expand the business. ...
Friday, November 15, 2013 at 11:06am
Post a New Question Current Questions Homework Help: Chemistry Posted by Anonymous on Thursday, November 14, 2013 at 8:45pm. CONTINUE>>>>>>>>>>> The enthalpy changes for two different hydrogenation reactions of C2H2 are: C2H2+H2---->...
Thursday, November 14, 2013 at 9:40pm
U.S. and Global Economics: Involving MATH
PLZZZ.. Help I just don't understand how to calculate this A landlord wants to acquire an additional apartment building for $250,000. The new building contains eight apartment units, which will each rent for $500 per month. The bank is willing to loan the landlord the ...
Wednesday, November 13, 2013 at 2:02pm
U.S. and Global Economics
An online store that has been successfully growing on its initial angel investment and revenues wants to invest $5 million to expand the business. The bank is willing to lend the business this money at a 10 percent interest rate over an eight-year term. Calculate the monthly ...
Monday, November 11, 2013 at 3:49pm
U.S. and Global Economics
The owner of a flower shop needs a short-term loan to tide her business over until she completes the sale of some unused property. She asks the bank for a $25,000 six-month loan. The bank agrees to give her the loan, but attaches a hefty interest rate of 18 percent. Calculate ...
Monday, November 11, 2013 at 12:15pm
U.S. and Global economics; involving math problems
I've been working on this problem for "hours" and I can't quite figure out how to solve it; can anyone help plzzz? I would appreciate it. :) Two college students went on spring break to Guadalajara, Mexico. One took the vacation in 2002, while the other went ...
Monday, November 11, 2013 at 10:03am
Is it true that the underlying trend of growth in the economy is determined by the growth in the number of workers, the growth in the savings and investment rate, and the growth in productivity ?
Saturday, November 9, 2013 at 11:00am
What is the opportunuity cost if you make 15 a hour but you decide not to work for a 1 hour and go to the movie which cost 10 what is the opportunity cost?
Saturday, November 2, 2013 at 10:53pm
The purpose of advertising & other forms of non-price competition by a firm is to shift the Demand curve to the A)Right B)Left & A)Make it more elastic B)Make it more inelastic What is the reason behind the answer?
Wednesday, October 30, 2013 at 9:36pm
The market equilibrium price for coffee beans in Ecuador is $2.75/pound, a price at which growers are unable to make a profit. Due to the lack of profits, many growers have stopped production and the output of coffee beans has fallen from 400 tons per year (capacity for the ...
Tuesday, October 29, 2013 at 2:47am
Which is relatively better a score of 48 on psychology test or a score of 52 on an economics test, Scores on the psychology test have a mean of 87 and a standard deviation of 14. Scores on the economics test have a mean of 53 and a standard deviation of 8.
Sunday, October 27, 2013 at 9:08pm
Describe the demand and marginal revenue curves faced by a firm in a purely competitive market. Are they different from those faced by a firm in oligopolistic competition? If so, why?
Saturday, October 26, 2013 at 12:16am
State the rule for optimum input allocation to produce a given level of output at the lowest possible cost -when two inputs are variable and the prices of the inputs are given- and explain why it makes sense
Saturday, October 26, 2013 at 12:16am
Plato, a Greek philosopher who lived from 427BC to 347BC, famously wrote that, "Necessity is the mother of inventions." Do you agree with this statement? Why or why not? My response was, " I agree with this statement because most of the inventions from the 1800s...
Friday, October 25, 2013 at 4:21pm
Plato, a Greek philosopher who lived from 427 BC to 347BC, famously wrote that, "Necessity is the mother of invention." Do you agree with this statement? Why or why not?
Thursday, October 24, 2013 at 5:35pm
Fixed cost do not change the shape of the total lost curve. (Yes or no) explain why. - I would say the answer is yes but i'm not entierly sure as so why it would change the shape. If answered could you give and example to help me understand why?
Thursday, October 24, 2013 at 4:40pm
Consider the following production possibilities table: Option Y X A 0 100 B 80 80 C 120 50 D 140 10 a)Provide a measure of the approximate marginal opportunity cost of an additional unit of X for each interval. Is the law of increasing cost satisfied? Explain b) Is the ...
Wednesday, October 23, 2013 at 10:03pm
A museum increases its admission price by 10 percent. As a result, total revenues increase by 10 percent. This implies that, ignoring the sign, the price elasticity of demand for admission is:
Tuesday, October 22, 2013 at 9:11pm
RedBall Productions is a new company based in Orem, Utah. RedBall supplies stock images of still photography. Utah's state corporate income tax consists of a flat tax rate of 5% on all corporate income. RedBall Production's taxable income in 2005 was $500,000. What ...
Tuesday, October 22, 2013 at 8:12pm
Economics... Last one!
What types of machines are used to make stained glass windows in the 21st century? Could you also please give me at least a website that tells me the prices of each machinery.
Monday, October 21, 2013 at 4:52pm
A market failure occurs when a free market is unable to A. distribute resources efficiently. B. provide open opportunity C. meet government regulations. D. encourage innovation.
Monday, October 21, 2013 at 11:58am
What does, "What are two strategies might you employ in order to create and maintain a high demand for stained glass windows. Be sure to consider what would work best for your targeted customer base." mean? NOTE: My targeted customers are: In their middle to older ...
Sunday, October 20, 2013 at 5:28pm
What does, "What are two ways you might use to increase profits once your stained glass window factory is established? Please include what problems you can anticipate from each decision." mean?
Sunday, October 20, 2013 at 4:59pm
Which of the following is an example of how economics can affect science? A. Limited funding may lead scientists to research one topic instead of another. B. Legislators may create new laws about the use of natural resources based on the recommendations of scientists. C. A ...
Sunday, October 20, 2013 at 3:19pm
Clearly explain the different market structure and how they determine the degree of competition among firms and how they maximise profits in the short run and long run Cite the source within the text and bibliography
Saturday, October 19, 2013 at 10:47pm
What are ten labor positions that you need in order to run a stained glass window company? NOTE: The type of stained glass window the company is making are made the old fashioned way not the new way.
Friday, October 18, 2013 at 5:08pm
Suppose the demand curve for a monopolist is QD = 500 − P, and the marginal revenue function is MR = 500 − 2Q. The monopolist has a constant marginal and average total cost of $50 per unit. a.Find the monopolists profit-maximizing output and price. ...
Thursday, October 17, 2013 at 2:09pm
This problem is based on the specific factors model. Consider the economy of the Shire that produces cereals and swords. Each industry employs Hobbits, but land is specific to the production of cereals, and metal is a specific factor in the sword industry. The amounts of land...
Thursday, October 3, 2013 at 2:18pm
According to the permanent income hypothesis, households will tend to react to a temporary tax cut by? A) assuming the new tax level will be permanent. B) saving most of the additional disposable income. C) increasing consumption sharply in response to the higher disposable ...
Thursday, October 3, 2013 at 8:31am
1. The law of diminishing returns implies that at some output level: a) Marginal cost must fall b) Average total cost must diminish c) profit increases d) Marginal cost must rise e) Total cost must fall 2. The vertical distance between total cost curve and total variable cost ...
Monday, September 30, 2013 at 8:56pm
Give at least one example of a news story that has influenced consumers desires or affected consumer behavior. Describe the effect it had on your consumer behavior.
Monday, September 30, 2013 at 2:21pm
Give at least one example of a form of advertising that influences consumer behavior that is, advertising that persuades people to buy a good or service that otherwise would not have purchased.
Monday, September 30, 2013 at 1:48pm
U.S. and Global Economics
I'm in need of help really bad. I been sitting here( I got a serious butt ache) trying to figure out this answers and I only got question one. Plz at least explain these questions to me. I would highly appreciate it. :) you don't need to explain # 1 I got the answer. 1...
Saturday, September 28, 2013 at 12:05pm
Suppose that there are 1,000 hot-pretzel stands operating in Toronto. Each stand has the usual U-shaped average total cost curve. Both the market demand curve and the supply curve for pretzels are linear, and the market for pretzels is in long-run competitive equilibrium. a) ...
Friday, September 27, 2013 at 11:20am
Much of the demand for U.S. agricultural output has come from other countries. In 1998, the total demand for wheat was Q = 3244 283 P. Of this, total domestic demand was QD = 1700 107 P, and domestic supply was QS = 1944 + 207 P. Suppose the export demand (the ...
Friday, September 27, 2013 at 11:19am
U.S. Government and Economics
I need someone to help me and explain this question. Every time I put thought into it, i just get confused. Choose a product that you are interested in buying. List three criteria for the type you will choose and two ways the producer's decisions might influence you. could...
Thursday, September 26, 2013 at 7:12am
U.S. Government and Economics
I need two examples of someone being a producer I know producers produce goods and services, but I can't think of any examples. Help plz.
Thursday, September 26, 2013 at 6:22am
Please help explain A manufacturer of motorcycle batteries has a plant capacity of 100,000 per year. Overhead costs are $500,000 per year. Variable costs are $10 per unit. Sales have been running at 50,000 per year at a wholesale price of $25 each. Recently, a large department...
Tuesday, September 24, 2013 at 11:30pm
Economics - History
For each event explain how the event would affect price, supply and demand of the product listed: Two days before Thanksgiving the market has many unsold turkeys. Drought forces ranchers to rush their cattle to market.
Friday, September 20, 2013 at 12:25am
1) Give an example of a fairly major purchasing decision you've made in your lifetime. How did you justify the purchase? How did you prepare for it financially once you decided to make the purchase? 2) What aspects of your decision-making process fit the description of a ...
Tuesday, September 17, 2013 at 7:24pm
According to the law of demand, low prices serve mostly as a ________ for buyers. a) supply b) reward c) substitute d) penalty Is it b? In economics, what is a substitute? a) a good or service that is more expensive than the one the buyer first wanted b) a good or service that...
Tuesday, September 17, 2013 at 10:32am
Our large companies seem to be largely run by hired managers who work for salaries and who are not owner-entrepreneurs. How then do we get the profit motive into large companies?
Sunday, September 15, 2013 at 8:42am
Who has an unlimited checking account with the US Treasurer that enables them to write all the checks they want without regard to having funds in the bank?
Saturday, September 14, 2013 at 8:59am
Which sentence best tells the effect of scarcity on economics? A. Scarcity shapes decisions about how to distribute goods. B. Because resources are scarce consumers buy fewer goods. C. Scarcity makes people work harder to make more money. D. The existence of scarce resources ...
Tuesday, September 10, 2013 at 12:47pm
You are the manager of a firm that receives revenues of $40,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is -1.8. How much will your ...
Monday, September 9, 2013 at 2:07pm
1. Explain two ways in which sectionalism caused conflict or tension in the United States during the early 1800s. Then explain how sectionalism affects economics and politics in the United States today. 2. which was more of a priority in presindents lincolns reconstruction ...
Thursday, September 5, 2013 at 3:33pm
4 accounting majors, 2 economics majors and 3 marketing majors have an interview for5 different positions with a large company. Find the number of dfferent ways that 5 of these could be hired. 4 accounting majors must be hired first then the final position may be chosen from ...
Tuesday, September 3, 2013 at 9:18pm
1. Illustrate the following using demand and supply graphs. a) The market price of a basic digital cell phone fell due to increased production. b) In 2002, unusually bad weather caused a reduction in the cranberry harvest causing the prices to increase from $22 to $25 for a ...
Monday, September 2, 2013 at 9:44pm
PLEASE HELP ME I NEED THIS ASAP The question is -tourism has the potential to increase employment opportunities and real income per capita. however ,crime is a major inhibiting factor in the growth of this industry.- discuss tourism as a factor facing obstacles towards ...
Wednesday, August 21, 2013 at 12:46pm
Consider the demand curve q = 100-2p. Starting from an initial price of 10, suppose the price increases by 5%. How much will the quantity demanded change by (in percent)?
Tuesday, August 20, 2013 at 7:41am
There are 1,000 hot dog stands in Chicago at any given moment. Due to health concerns, a significant number of families move out of the city. Would there be a shift in the demand curve, the supply curve, or both? I'm thinking that if this significant number moves out of ...
Tuesday, August 13, 2013 at 5:17am
Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill (to increase expected future business from the buyer). How would you value the goodwill that is obtained in this way?
Thursday, August 8, 2013 at 10:14am