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November 23, 2014

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Recent Homework Questions About Economics

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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

Economics - Finance
If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial $100 deposit? What is the total amount in the account after three years? What is the amount after three years if the interest was compounded annually?
Monday, October 1, 2012 at 2:22pm

Economics
Here goes... 1. Consider a model in which an individual lives two periods: this period (time one) and next period (time two). This period his budget constraint requires that his consumption, c1; plus his saving, s; equals his income, y1: c1 + s = y1: Next period his budget ...
Sunday, September 30, 2012 at 9:25pm

managerial economics
Inter-temporal Price Discrimination. Suppose that technophiles are willing to pay $400 now for the latest iPhone, but only $300 if they have to wait a year. Normal people are willing to pay $250, and their desire to purchase does not vary with time. Ignore the time value of ...
Sunday, September 30, 2012 at 9:12pm

Managerial Economics
8. Calculate the price elasticity demand, given Q1=500 , Q2=1000 , P1=55,P2=50
Saturday, September 29, 2012 at 8:54am

Economics
Which of the following firms caould raise prices and expect an increase in revenues? A)a firm product has an elasticity of 1 B)a firm whose product has an elasticity of 0.31 C)a firm whose product has an elasticity of 3.1 D)all firms regardless of the elasticity of their products
Friday, September 28, 2012 at 9:23am

economics
1. (1 point) Consider two individuals considering how many iced coffee drinks to buy during the coming week. Person A is willing to pay a maximum of €10 for the first drink, €8 for the second, €5 for the third, and €1 for the fourth. Person B would be ...
Thursday, September 27, 2012 at 5:55am

economics
If Sarah opens a savings account that has a yearly simple interest rate of 15%, how much would Sarah have total if she deposits $1500 at the end of the year?
Tuesday, September 25, 2012 at 12:50pm

economics
1. Suppose that as the price of Y falls from $3.00 to $1.00 the quantity of Y demanded increases from 10 to 18. Compute the price elasticity of demand. Is the demand elastic or inelastic?
Monday, September 24, 2012 at 11:56pm

please help with economics!
Hi, please help me with this econs question! thanks! I'm asked to sketch the average and marginal cost curves of a software company, in which when it first starts up, the costs are extremely high. (High start up costs, millions of dollar spent to make the software)But ...
Monday, September 24, 2012 at 10:00pm

Economics
Hi, please help me with this econs question! thanks! I'm asked to sketch the average and marginal cost curves of a software company, in which when it first starts up, the costs are extremely high. (High start up costs, millions of dollar spent to make the software)But ...
Monday, September 24, 2012 at 1:04pm

economics
which of the following statements about inflation are true? check all that applies a) policy makers also worry about a negative inflation rate, or deflation b) painful government actions may sometimes be necessary to bring down a high inflation rate. c) A moderately high ...
Sunday, September 23, 2012 at 8:26pm

economics
. When demand is inelastic, a decrease in price will cause
Sunday, September 23, 2012 at 2:38pm

ECONOMICS dreadfully lost please help
Canada Honey (IN tons)/ Maple (in tons) 0 60 10 45 20 30 30 15 40 0 United States Honey (in tons)/ Maple (in tons) 0 50 10 40 20 30 30 20 40 10 50 0 the question is who has a comparative advantage in producing maple syrup and who has the advantage in producing honey.. my ...
Sunday, September 23, 2012 at 12:10pm

economics
Suppose the president is attempting to decide whether the federal gov should spend more research to find a cure for heart disease. How should policy makers determine the amount of money that should be allocated for research curing heart disease? they should base their decision...
Friday, September 21, 2012 at 11:37am

ECON 4346
4-The three fundamental economic questions of what, how, and for whom: a-exist because of scarcity. b-are much more serious in a socialist system. c-are not serious in a capitalistic system. d-are not relevant in the industrialized world of today. 5-When the market price is ...
Wednesday, September 19, 2012 at 7:55pm

economics
Assume that the equation for demand for bread at a small bakery is Qd = 60 - 10Pb + 3Y, where Qd is the quantity of bread demanded in loaves, Pb is the price of bread in dollars per loaf, and Y is the average income in the town in thousands of dollars. Assume also that the ...
Tuesday, September 18, 2012 at 12:11pm

Economics
Explain how an effective price ceiling affects buyers and how it affects sellers in a competitive market.
Monday, September 17, 2012 at 5:56pm

Economics
The lump sum payment survivors recieve from social security to help pay funeral and burial expenses is
Monday, September 17, 2012 at 11:08am

Economics
Use supply and demand economic theory and diagram to explain why the prices of houses has changed so much over the last 3 years. I just need topics to use to write about
Sunday, September 16, 2012 at 10:50pm

Economics
Use supply and demand economic theory and diagram to explain why the prices of houses has changed so much over the last 3 years. I just need topics to use to write about
Sunday, September 16, 2012 at 10:02pm

Economics
The demand for cosmetic surgery is more elastic than the demand for Botox treatments, would this be true or false? My thoughts are true.
Friday, September 14, 2012 at 11:59pm

Economics
A person is willing to pay $50 per visit for physical therapy, but she pays $35 per visit. This person receives a consumer surplus of $85 per visit. Is this true or false/
Friday, September 14, 2012 at 11:58pm

economics
the currency in Great Britain is pound and the price of a particular British car is 12,000. suppose the exchange rate is 0.67 per dollar. what iis the price of the British car in United States dollars?
Friday, September 14, 2012 at 4:10pm

economics
Suppose the price of widgets falls from $7 to $5 and consumption of widgets rises from 15 widgets a month to 25 widgets. Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand of widgets? Is it Elastic, Inelastic, or ...
Friday, September 14, 2012 at 1:09pm

economics
In what areas of the economy are jobs growing most rapidly? Is this due to a lack of technological innovation in these areas?
Friday, September 14, 2012 at 6:45am

Economics
The country of New Zealand decides to take 50% of its nation’s lottery money and use it to buy 1,000 acres of common grazing land in every county upon which any New Zealand shepherd may graze their sheepfor free, no strings attached. Based upon what you have learned in ...
Friday, September 14, 2012 at 12:22am

Economics
2. If a firm increases all of its inputs by 60 percent and its output increases by 90 percent, then you know that: A) it is encountering diseconomies of scale. B) it is encountering economies of scale. C) it is encountering constant returns to scale. D) the marginal products ...
Thursday, September 13, 2012 at 11:35pm

Economics
Suppose that a tour bus business incurred implicit costs of $600,000 and explicit costs of $7 million in a specific year. If the firm sold 125,000 tours at $60 per person, its accounting: A) profits were $100,000 and its economic profits were $500,000. B) losses were $100,000 ...
Thursday, September 13, 2012 at 11:13pm

Economics
How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competitive market? A. The price is higher. B. The price is lower. C. The prices cannot be compared. D. The prices are the same.
Wednesday, September 12, 2012 at 2:04pm

economics
what is producer surplus? “The more the competition among the sellers, the less the producer surplus enjoyed by the producers” – do you agree with the statement. Justify your answer. Suppose, a producer is willing to sell 50Kg potato at price Tk.18/Kg. If the ...
Tuesday, September 11, 2012 at 12:19pm

economics
Why does PPF become a straight line? When it becomes a curve? When the PPF shifts parallelly? When it shifts clockwise or anti-clockwise?
Tuesday, September 11, 2012 at 12:06pm

economics
With a fixed amount of resources, 20 units of computers or 30 units of food can be produced. Also, the combinations of computer and food can be produced. Combinations are 25 units of food and 4 units of computers, 20 units of food and 7 units of computers, 15 units of food and...
Tuesday, September 11, 2012 at 12:05pm

Economics
-If you had $1000, which interest rate (4% or 1%) would encourage you to save your money in a bank rather than spend it? Why?
Monday, September 10, 2012 at 10:59pm

Economics
Suppose the RRR is .5. A $500 cash deposit in a bank would increase the money supply by $__________. A) 100 B) 500 C) 1000 D) 5000
Monday, September 10, 2012 at 10:59pm

Economics
1. An economy's production possibilities frontier is also its consumption possibilities frontier. a. under all circumstances b. under no circumstances c. when the economy is self-sufficient d. when the rate of tradeoff between the two goods being produced is constant 2. ...
Sunday, September 9, 2012 at 8:44pm

economics
main characteristics of the market system
Sunday, September 9, 2012 at 9:50am

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