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September 22, 2014

Homework Help: Social Studies: Economics

Recent Homework Questions About Economics

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home economics
societies choose what share of their resources to devote to consumption
Tuesday, January 22, 2013 at 4:28am

economics
Select a product and for that the government places a mandated price ABOVE the equilibrium price, based on your research how would this affect the market equilibrium, explain your view.
Thursday, January 17, 2013 at 7:09pm

economics
How does a budget differ when you have an irregular income vs. a predictable income? irregular income is monthly budget.
Wednesday, January 16, 2013 at 9:32pm

economics
Jesse and Kimberly recently graduated from college and are starting a family. Currently, they are just making ends meet with their $45,000 salary. They want to contribute the maximum amount (currently $2,000) to fully fund an Educational Savings Account when their baby is born...
Wednesday, January 16, 2013 at 9:31pm

economics
Kimberly works for a well known financial company as a sales representative. She earns a small base salary but receives commission off every product she sells. Kimberly has basic living expenses in addition to a student loan. She wants to start adding to her Roth IRA and buy a...
Wednesday, January 16, 2013 at 9:29pm

Economics
Owners of digital cameras have to buy memory cards in order to use the cameras. Cameras and memory cards are: A. substitutes. B. complements C. unrelated. D. elastic.
Wednesday, January 16, 2013 at 6:46pm

Economics
In two or three paraghaphs,discuss how industrial growth in Texas has affected its natural resources
Tuesday, January 15, 2013 at 6:51pm

economics
Mary earns $100/day at a flower shop. She will take 2 days off without pay to attend an out of town wedding. Transportation will cost $180 round trip. Hotel $99/day for 2 nights. What is the opprotunity cost?
Sunday, January 13, 2013 at 10:37pm

economics
The privatisation of public enterprises will lead to efficient management of resources in the economy. The statement can be best be described as
Friday, January 11, 2013 at 9:18pm

Economics
how did the wizard of oz(the movie) relate to the social and economic texture of america?
Thursday, January 10, 2013 at 9:44pm

Economics
We created a new iPod for a scarcity project, and we can't come up with a slogan to save our lives. Help? Some of the features are picking songs based on your mood( like a mood ring) and being able to work through homework problems. It would be amazing, huh? Please help!
Thursday, January 10, 2013 at 7:46am

economics
John has a job that requires him to travel 3 of every 4 weeks. He has an annual budget and can travel either by train or by plaine. The airline on which he typically flies has a frequent traveler programme that reduces the cost of his tickets according to the number of milels ...
Wednesday, January 2, 2013 at 11:54am

economics
John has a job that requires him to travel 3 of every 4 weeks. He has an annual budget and can travel either by train or by plaine. The airline on which he typically flies has a frequent traveler programme that reduces the cost of his tickets according to the number of milels ...
Wednesday, January 2, 2013 at 11:52am

basic economics
The U.S. capitalist system relies on a theoretical model, the circular flow model, with three basic elements interacting together to ensure that our needs and wants are provided. The three sectors are (a)consumer, (b)business, and (c)government. The circular flow model shows ...
Sunday, December 30, 2012 at 1:09pm

micro economics
2q-20q=8000/q
Sunday, December 30, 2012 at 3:50am

economics
1. Chipo has the following utility function of 2 goods Pies (X) and fanta (Y): U= log X + log Y. (a) show that the consumer maximizes utility subject to the budget constraint. (b) derive the demand functions of good X and good Y. 2. You are given the individual demand curves ...
Sunday, December 30, 2012 at 3:18am

economics
1. Chipo has the following utility function of 2 goods Pies (X) and fanta (Y): U= log X + log Y. (a) show that the consumer maximizes utility subject to the budget constraint. (b) derive the demand functions of good X and good Y. 2. You are given the individual demand curves ...
Sunday, December 30, 2012 at 3:17am

economics
1. Chipo has the following utility function of 2 goods Pies (X) and fanta (Y): U= log X + log Y. (a) show that the consumer maximizes utility subject to the budget constraint. (b) derive the demand functions of good X and good Y. 2. You are given the individual demand curves ...
Sunday, December 30, 2012 at 3:16am

economics.Help!!!
How the technical rate of substitution and marginal product are relates and what is their difference?
Thursday, December 20, 2012 at 1:41pm

Economics
$2700 left in a variable rate interest bearing account in 1986 is worth how much today ?
Wednesday, December 19, 2012 at 3:33pm

Economics
- Explain how the federal government uses Fiscal Policy to avoid problems in the economy. - Historically, where has the Federal government spent the most money?
Sunday, December 16, 2012 at 4:13pm

economics
the average tax charge is $95. Assuming a normal distribution as a standard deviation of $10, use the approximate areas beneath the normal curve to answer what proportion of tax prep fees were exactly $100?
Saturday, December 15, 2012 at 2:43pm

Economics
Given the following information calculate the Marginal Revenues. I am getting lost on the order because I know the formula is change in TR/change in Q. Q Price TR 60 26,000 (60x26K) = 1,560,000 70 22,000 (1,540,000) 80 18,000 (1,440,000) 90 14,000 (1,260,000) 100 10,000 (1,000...
Thursday, December 13, 2012 at 12:58pm

Economics
The total operating revenues of a public transportation authority are $100M while its total operatiing costs are $120M. The price per ride is $1, and the price elasticity of demand for transportation ia -0.4. The transportation authority has to eliminate its operating deficit...
Monday, December 10, 2012 at 6:31pm

Economics
The marginal revenue product (MRP) of land declines as more land is brought into production because: A.land is a "free and nonreproducible gift of nature." B.of diminishing returns. C.land rent has no incentive function. D.the supply of land is fixed.
Monday, December 10, 2012 at 5:10pm

Economics
Suppose the bottle water industry is competitive. If a bottle of water supplied by the typical firm has an ATC of 20 cents and the market price if 30 cents, is the bottle water industry in long run equilibrium?
Monday, December 10, 2012 at 1:41pm

Economics
If a soybean grower for who price exceeds average total cost for a wide range of output is currently producing where Average Total Cost is at a minimum, what economic advice would you give to this farmer and why?
Monday, December 10, 2012 at 12:22pm

Economics
If businesses believe consumption will increase six months from now, everything else held constant, and they begin to increase investment, what do you predict will happen to aggregate demand?
Monday, December 10, 2012 at 9:45am

Economics
Assuming a constant marginal cost, a lower price elasticity of demand would call for a relatively lower mark-up ration.
Sunday, December 9, 2012 at 11:03pm

Economics
n auto-service establishment has estimated its monthly cost function as follows: TC = 6000 + 10 Q where Q is the number of cars it services each months and TC represents its total cost. The firm is targeting 35,000 net monthly profit servicing 2000 cars. a. What price should ...
Sunday, December 9, 2012 at 10:45pm

economics
Consider the following news headline....Canadian minister of defence announces $9million purchase of 65 new fighter jets. Assuming that aggregate out put is demand determined and that the f-35 jets are purchased domestically what will be the effect of this action, all other ...
Saturday, December 8, 2012 at 9:29pm

economics
Using the saving and investment identities from the national Income Accounts to answer the following questions. Suppose the following values are from the national income accounts of a country with a closed economy. Y=$900 billion T= $200billion C=$500 billion G=$230 billion. a...
Saturday, December 8, 2012 at 6:30pm

Economics
Opera CD buyers are located in New York and Los Angeles. At the current price for a CD, $25 in both New York and Los Angeles, aggregate demand for Opera CD is 10,000 units (i.e. the sum of the demand in New York and Los Angeles); and the price elasticity of demand for Opera CD...
Saturday, December 8, 2012 at 4:53pm

Economics
1. Your country faces the following In the product market: IS = 6,752 - 37Y In the money market: LM = 1.75 In the BOP market: BP = -684 + 62Y a. Graph the above conditions. Is this an example of the classical case? If yes, explain. If no, show how it would look if it were the ...
Friday, December 7, 2012 at 9:34pm

Economics
Which of the following is a characteristic of a traditional economy? A. It encourages innovation and change. B. It is usually based on light industrial production. C. It has a high standard of living. D. It revolves around the family unit.
Thursday, December 6, 2012 at 10:50am

Economics
PROBLEM SOLVING 1: "ANDREA'S SOFTWARE BUSINESS" I. Complete the following table: DO THE MATH Data Number of Programs Total Fixed Costs Total Variable Costs Total Costs Marginal Costs Average Fixed Costs Average Variable Costs Average Total Costs 0 $60 $0 $60...
Tuesday, December 4, 2012 at 6:46pm

Math (trigonometry)
MONDAY  December 3, 2012 SCHOOL SUBJECTS Art Business Computers English Foreign Languages Health Home Economics Math Music Physical Education Science Social Studies GRADE LEVELS Preschool Kindergarten Elementary School 1st Grade 2nd Grade 3rd Grade 4th Grade 5th Grade 6th...
Monday, December 3, 2012 at 8:14pm

economics
While sitting in your office one evening, you begin to think about some of the key microeconomic messages you want to communicate to the Board. (Key concepts include, but are not limited to, supply and demand, pricing, competition, costs & production, and economic value added...
Sunday, December 2, 2012 at 8:34pm

Economics
Can there be inflation with without an increase in the money supply? How?
Friday, November 30, 2012 at 8:23pm

Economics
Your pay stub deducts money for FICA. What does this mean? A. Money is being withheld for personal exemptions and deductions. B. Money is being withheld for excise and estate taxes. C. Money is being withheld to fund Social Security and Medicare. D. Money is being withheld for...
Friday, November 30, 2012 at 10:43am

economics
The actual change in the money supply equals
Wednesday, November 28, 2012 at 9:22pm

Economics
Suppose you earned $50,000 last year, and inflation is at 5%. You receive a salary increase of $2,000. Explain your increase salary in nominal and real terms. Did you receive an increase?
Monday, November 26, 2012 at 11:21pm

Economics
Derive the profit level at this profit maximizing levels of p and q (p = 55) and q = 50. Where the demand curve for a monopoly is p=105-q. Its cost function is C= 100+5q?
Monday, November 26, 2012 at 5:02pm

Economics
5. If the average adult produces $90,000 of output per year, how much output is lost as a result of adult deaths from secondhand smoke, according to the News on page 74? $
Friday, November 23, 2012 at 4:39pm

Economics, General Program Section 2
A day trader tries to make a profit by A. investing only in blue chip stocks. B. speculating with borrowed money. C. reducing risky investments. D. taking advantage of minute-by-minute changes in stock prices.
Friday, November 16, 2012 at 5:46pm

economics
The price of a wideget increases by 90%. What effect would we expect this to have on the equilibrium wage rate of workers who make widgets? Would this increase, decrease, or keep the wage rate the same?
Friday, November 16, 2012 at 11:57am

Economics
Which of the following will not produce an outward shift of the production possibilities curve? Reduction in unemployment rate. How? Wouldn't more employment produce more goods??
Friday, November 16, 2012 at 10:19am

7th grade
The story that I read for school (At Her Father's And Her Mother's Place) takes place in 1923 in Russia. What was life like during that time in terms of the politics and economics in Russia? Can you give me links to find these answers?
Thursday, November 15, 2012 at 9:46pm

7th grade Literature help
Hi, I need to pick one of the options below, but they are hard. Option One seems like it will take forever because I need to turn this in today and it takes me forever to research things. Option Two seems hard because I don't know what the main character (Tayla) would take...
Thursday, November 15, 2012 at 9:30pm

economics
Answer the next three questions on the basis of the following production possibilities data for Francia and Galacia. All data are in tons. (3 marks) Francia production possibilities: A B C D E Soup 60 45 30 15 0 Nuts 0 15 30 45 60 Galacia production possibilities: A B C D E ...
Tuesday, November 13, 2012 at 8:47am

managerial economics
Total cost function of a firm is TC= 200+4Q+2Q squared If the firm is perfectly competitive and the price of its product is $24, what is its optimal output rate?
Tuesday, November 13, 2012 at 4:38am

Economics
For each of the following products, write a few sentences answering the following questions: • Is price discrimination of any sort feasible? • If price discrimination is feasible, which of these pricing approaches would you consider using: market segmentation by ...
Monday, November 12, 2012 at 11:25pm

Economics
You are the manager of a firm that sells CD players and DVD players. You work in Buffalo, New York and this is the middle of winter. So the people that live within walking distance are the only customers you might get, and there are no other stores nearby. (FedEx and UPS can&#...
Monday, November 12, 2012 at 11:24pm

Economics
Two-Part Tariff Problem Suppose that each of a firm’s customers has the following demand curve: P = 20 – 2Q. Suppose also that the firm’s total cost function is TC = 8Q. The firm is considering three pricing strategies. Strategy 1: A single per unit fee. (No ...
Monday, November 12, 2012 at 11:24pm

Economics
What type of labor occurs in Kenya? What percentage of it is physical labor, mental, other? Thanks
Monday, November 12, 2012 at 3:23pm

Consumer Economics
What are three ways teens are preserving and cleaning the environment?
Monday, November 12, 2012 at 2:30pm

economics
What is a supply shock? Give an example of a current supply shock. Which way does this shock move the AS curve? What is the resulting impact on potential GDP and the price level?
Sunday, November 11, 2012 at 8:23pm

economics
Given the economic situation today, outline the discretionary fiscal policy you would promote if you were president. In terms of the AD-AS model, explain how your policies would affect the economy.
Sunday, November 11, 2012 at 8:19pm

Economics
What is kenyas factor of production for their land and labor? Which means what percentage do they use their land for what. For te labor it means what labor occurs their, whether it be physical or mental labor. I need details as well as percentages for both. I would really ...
Sunday, November 11, 2012 at 7:16pm

Economics
The slope of the consumption function equals: A. 1-MPS B. 1/(1-MPS) C. 1-MPC D. MPC/MPS E. MPS
Friday, November 9, 2012 at 2:15am

Economics
Consider the simple economy of Behr, whose government does not tax its citizens. The consumption function of Behr is given by: C=500+.8Y, where Y is income. the autonomous consumer spending in this economy is: A. $1000 B. $800 C. $500 D. $.80 E. $1800
Friday, November 9, 2012 at 2:13am

Economics
If an economy produces its most wanted goods but uses outdated production methods, it is --the answer is "it is not achieving productive efficiency. But doesn't productive efficiency mean using the "least cost method of production"? So if you use outdated ...
Thursday, November 8, 2012 at 6:20pm

economics
The graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry. The graph on the right shows current industry demand and supply. a. What is the marginal revenue that this perfectly competitive firm will earn on its ...
Thursday, November 8, 2012 at 2:17pm

Economics
Can someone please help me know why Kenya is currently in a trade deficit? I dont know which imports exceed the value of exports. Thanks
Wednesday, November 7, 2012 at 6:44pm

economics
Could someone check my work? Please When the government attempts to cover large deficits by creating more money, what is the probable result called? government borrowing hyperinflation (my choice) excess currency full employment 2. What is one of the major problems caused by a...
Tuesday, November 6, 2012 at 9:21pm

economics
3.Determine if the demand for the following products is price elastic or price inelastic, and explain your answer. In your explanation, be sure to include how the necessity of a good and the availability of substitutes affect the price elasticity of demand in each of these ...
Tuesday, November 6, 2012 at 6:15pm

Economics
Which of these products or services is likely to have an inelastic supply in the short run? A. cargo ships B. haircuts C. newspapers D. staples I chose D and got it wrong so would it be C instead?
Monday, November 5, 2012 at 11:43am

Economics
(This homework question was removed due to a copyright claim submitted by K12 Inc.)
Sunday, November 4, 2012 at 7:37pm

Economics
Graph A New Equilibrium: Y axis represents Quantity (hours per semester) 0, 25, 50, 75, 100, 125, 150 X axis represents Price of Tutoring (per hour) 0, 5, 10, 15, 20, 25, 30, 35, 40, 45, $50 Question: Determine the approximately size of market surplus or shortage that would ...
Sunday, November 4, 2012 at 5:18pm

economics
Assume that demand for product A can be expressed as QA = 500 ¨C 5PA + 3PB and demand for product B can be expressed as QB = 300 ¨C 2PB + PA. Currently, market prices and quantities for these goods are PA, = 5, PB = 2, QA = 481, and QB = 301. a. Suppose the price of ...
Friday, November 2, 2012 at 10:54pm

home economics
a firm produces 20 units of output at a market price of #5, a marginal cost of $5, and an average cost of $3. what is the firms economic profit and is the firm maiximizing its economic profit. Is the formula market price-average cost x quantity 20?
Friday, November 2, 2012 at 7:54pm

economics
Suppose a persona quits a job paying $40,000 per year and starts a business with $100,000 withdrawn from a money-market account earning 8 percent per year. The implicit cost of the business is ____ for the entrepreneurs time plus _____ for the entrepreneurs funds. Can someone ...
Friday, November 2, 2012 at 7:08pm

Social Studies
I am having a hard time with economics - we just started in my social studies class. Can I have help with my homework, please? 1. What phrase best defines competition? (1 point) just one main buyer of a good or service just one main seller of a good or service many different ...
Friday, November 2, 2012 at 5:10pm

economics
According to your text, our main sources of ethical standards are religion and A. philosophy. C. culture. B. social habit. D. circumstances
Thursday, November 1, 2012 at 1:32pm

economics
can someone explain the relationship between consumer expectations and economic performance? Could use some help.
Wednesday, October 31, 2012 at 9:45pm

Economics
When McDonald's Corporation reduced the price of its Big Mac by 75 percent if customers also purchased french friesand a soft drink. The Wall Street Journal reported that the company was hoping the novel prWomotion would revive its U. S. sales growth. It. didn't. ...
Monday, October 29, 2012 at 7:44pm

economics
6) If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, other things being equal, the elasticity of demand for movie tickets is about: A. 0.0 B. 0.4 C. 0.6 D. 2.5 7) When labor is the variable input, the average product equals the A. ...
Monday, October 29, 2012 at 5:34pm

Economics
Would Wells Fargo's market structure be Monopolistic competition?
Saturday, October 27, 2012 at 1:04pm

economics
(This homework question was removed due to a copyright claim submitted by K12 Inc.)
Friday, October 26, 2012 at 12:19pm

Social studies
I am learning about scarcity in my SS 6th grade and I am unsure about this question. 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 ...
Tuesday, October 23, 2012 at 5:28pm

economics
What gives the U.S. government the right to collect taxes?
Tuesday, October 23, 2012 at 3:24pm

economics
What does the curved line represent in the graph?
Tuesday, October 23, 2012 at 2:20pm

MANAGERIAL ECONOMICS
In attempt to increase revenue and profits, a firm is considering a 4 percent increase in price and an 11 percent increase in advertising. If the price elasticity of demand is -1.5 and the advertising elasticity of demand is +0.6 would you expect an increase or decrease in ...
Saturday, October 20, 2012 at 6:47pm

economics
1. Suppose that the market of laptops is given by following supply and demand curves given below: Qd = 5000 − 3p Qs = 1000 + p. Answer the following questions on excel sheet using the above demand and supply equations. i) Take the range of values for the price from $1 to...
Saturday, October 20, 2012 at 2:43pm

nutrition
Jonathan, a two-and-a-half-year-old, lives with his mother and brothers at his grandmother's house in Chicago. His mother, Anita, works at a pharmacy to support the family. Jonathan spends his days at home with his grandmother. While Anita works, his grandmother brings the...
Thursday, October 18, 2012 at 8:04pm

Economics
How do I write a paper on "Why we trade with Brazil?"
Wednesday, October 17, 2012 at 6:16pm

economics
Prepare a two- to three-page analysis by answering the questions below. Be sure to cite your references using APA format. What is nominal GDP? What is real GDP? What is included in each? Why are these measures important? What do they tell us? What was GDP for the last two ...
Sunday, October 14, 2012 at 7:18pm

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 its profit? b. The firm’s production manager claims that the firm’s average cost of production ...
Sunday, October 14, 2012 at 2:36pm

Economics
You have opened your own word processing service. You have already bought a special computer needed for word processing 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 ...
Thursday, October 11, 2012 at 2:52pm

math
The home economics team has 6 3/4 feet of fabric for a class project. They need 3/4 of a foot of fabric for each piece in the project. How many pieces will they be able to cut?
Thursday, October 11, 2012 at 1:39pm

US and Global Economics
(This homework question was removed due to a copyright claim submitted by K12 Inc.) Please help?
Thursday, October 11, 2012 at 1:26am

international economics
assume the nation of australia is "small"
Wednesday, October 10, 2012 at 6:26pm

Economics
If Jane can produce 3 pairs of shoes hourly, while Bob can produce 2, then one can infer that the __________ advantage belongs to __________.  A. absolute; Jane B. comparative; Jane C. comparative; Bob D. comparative and absolute; ...
Sunday, October 7, 2012 at 2:56pm

Economics
Which aspects of the Great Depression are echoed in the ongoing economic crisis that began in 2008? What is different about the two periods? Do they have similar theoretical explanations?
Friday, October 5, 2012 at 3:21pm

economics
f the US dollar depreciates dramatically relative to the Chinese yuan, what effect would this have on consumers and businesses in each country? When is a falling dollar good or bad for the US?
Friday, October 5, 2012 at 3:20pm

economics
There are two goods 1 and 2. Denote by (x1; x2) the consumption bundle consisting of x1 units of good 1 and x2 units of good 2. A consumer has preferences that described by the linear utility function: u(x1; x2) = x1 + 2x2: 1. Write down the equation for the indierence ...
Thursday, October 4, 2012 at 4:31pm

Economics
The Tax Reform Act of 1986 eliminated the deductibility of interest payments on consumer debt (mostly credit cards and auto loans) but maintained the deductibility of interest payments on mortgages and home equity loans. What do you think happened to the relative amounts of ...
Wednesday, October 3, 2012 at 11:55pm

Science
Environmental Science involves the fields of Science, economics, and politics. Take a current environmental issue, such as the Hurricane Katrina in New Orleans and examine it from the scientific, economics, and political perspective. Which perspective do you think wins out and...
Wednesday, October 3, 2012 at 12:23am

Economics
There are two types of consumers of potatoes: 10 are rich and 50 are poor. Every rich consumer has a demand of 0 for a price of $500/ton; and his/her demand decreases by 1 ton each time the price increases by $1/ton. Every poor consumer has a demand of 0 for a price of $280/...
Tuesday, October 2, 2012 at 8:54pm

economics
When the price of X is $1 and the price of Y is $1 and income is I, Joe Panther spends $100 on good X. One day Joe is walking down Downer street and is dismayed to discover that the price of good X has increased to $2. However, moments later Joe is delighted to find a $100 ...
Tuesday, October 2, 2012 at 1:20am

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