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October 20, 2014

Homework Help: Social Studies: Economics

Recent Homework Questions About Economics

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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Suppose a persona quits a job paying $40,000 per year and starts a business with $100,000 withdrawn from a money-market account earning 8 percent per year.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

Economics
Suppose the U.S government decides that the incomes of dairy farmers should be maintained at a level that allows the traditional family dairy farm to survive. It therefore implements a price floor of $1 per pint by buying surplus milk until the market price is $1 per pint. Use...
Friday, September 7, 2012 at 10:45pm

economics
You have been hired by a local used car dealer to help in their pricing of used cars. (Hey, it’s temporary thing, just to help you earn some extra cash.) They want to know whether the prices of the cars they sell are more influenced by the age of the car or by the mileage...
Friday, September 7, 2012 at 1:09pm

home economics
definition of clothing and textiles
Thursday, September 6, 2012 at 9:18pm

Economics
To improve its standard of living, a nation’s economy must A. remain stable. B. grow through innovation. C. reach economic equity. D. allow the central government to make economic decisions. Reset Selection
Wednesday, September 5, 2012 at 4:18pm

home economics
what does applique and embroiderymean ?
Monday, September 3, 2012 at 4:13pm

Health economics
Suppose you are to specify a short-run total variable cost function for a nursing home. Explain the variables you would include in the function. What is the expected relation between a change in each of these variables and short-run total variable costs?
Monday, September 3, 2012 at 3:37am

Economics
3. Suppose a firm has a constant marginal cost of $10. The current price of the product is $25, and at that price, it is estimated that the price elasticity of demand is -3.0. a. Is the charging the optimal price for the product? Demonstrate how you know. b. Should the price ...
Monday, September 3, 2012 at 1:19am

economics
Say your parents give you a car for your birthday. It is not the new model you wanted, but it's in very good condition. They bought it used for $15,000 (market value). The cost of keeping the car to you is (not counting maintenance and operation cost) is:
Sunday, September 2, 2012 at 11:22pm

economics
Say your parents give you a car for your birthday. It is not the new model you wanted, but it's in very good condition. They bought it used for $15,000 (market value). The cost of keeping the car to you is (not counting maintenance and operation cost) is:
Sunday, September 2, 2012 at 11:22pm

Economics
1. Given each of the following price elasticities, determine whether marginal revenue is positive, negative, or zero. a. -5 b. -1 c. -0.5
Sunday, September 2, 2012 at 8:56pm

Economics
Using the concept of opportunity cost, explain why in developed countries with higher average incomes there is more support for costly environmental controls (which raise goods on goods) than in poorer countries.
Saturday, September 1, 2012 at 2:52pm

Economics
In a simple world where resources are abundant a production possibilities frontier between two goods may be a striaght line. In a more developed and populated world it is to bow outward. Explain why.
Saturday, September 1, 2012 at 2:47pm

Social Studies
What is a specific problem facing the United States Congress? Where would I be able to find articles / information about problems in education or economics?
Saturday, September 1, 2012 at 1:03pm

Home Economics
Please help me with this project. Notes on Print and Calico Patch. I need information on each of them.
Saturday, September 1, 2012 at 11:41am

Economics
write a paper explaining issues that bring concern to pricing your services and products. What ethical challenges will you face in hiring non CPA's What standards apply.
Thursday, August 30, 2012 at 2:22pm

college economics
how to weigh marginal cost and marginal benefits when using examples of recent decisions in your life.
Tuesday, August 28, 2012 at 9:50pm

Economics
I know that Market Failure occurs when markets lead to inefficiency. But what are the reasons that cause Market Failure? please explain in detail.
Tuesday, August 28, 2012 at 1:23am

Economics
Brian is taking three courses this semester: economics, statistics, and finance. He has decided to spend 19 hours per week studying (in addition to attending all his classes) and his objective is to maximize his average grade, which means maximizing the total of his grades in ...
Monday, August 27, 2012 at 3:29pm

economics
what are some mesoeconomics variables/indicators
Saturday, August 25, 2012 at 5:57pm

Economics
. 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 monopolist’s profit – maximizing output and price. b. ...
Thursday, August 23, 2012 at 2:08am

General Economics
• Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes manual labor for production will have low fixed costs and high variable costs. How would ...
Wednesday, August 22, 2012 at 11:39am

home economics
As part of the nation’s recovery from the Great Depression of the 1930s, the banking system was reformed in which of the following ways? A. The government paid off loans for large corporations. B. The Federal Reserve Banks were closed. C. Banks were deregulated by the ...
Wednesday, August 22, 2012 at 8:06am

Economics
Classical macroeconomics theory concludes that ultimately A. Fiscal policy generates only quantity effects B. erratic investment causes long business cycles C. Functional finance cures excessive budget deficits D. Natural state of the economy is at full employment
Tuesday, August 21, 2012 at 9:55pm

Economics
An increase in the amount of money circulating in the econmomy, ceterics pair bus will result in which of the following A. Demand side inflation B. supply side deflation C. Supply side inflation D. Demand side deflation
Tuesday, August 21, 2012 at 9:54pm

Economics
According to the aggregate expenditure function, as the price level decreases, it is reasonable to expect that A the automonos and induced expenditures increase B only the autonomous expenditures increase C only hie induced expenditures decrese C. The autonomous and induced ...
Tuesday, August 21, 2012 at 9:53pm

Economics
A portfolio manager needs to pick winners - assets or securities with high expected returns and low risk. What is wrong with this statement?
Tuesday, August 21, 2012 at 9:28pm

Home economics
I need help on a hw question. Can a company bill you if you just give them your billing address or do they need a credit card number(or some type of payment)
Tuesday, August 21, 2012 at 5:05pm

Economics
Find the future value one year from now of a $7,000 investment at a 3% annual compound interest rate. Also calculate the future value if the investment is made for 2 yeaars?
Monday, August 20, 2012 at 4:32pm

economics
Suppose that when a firm increases output by 20%, long-run total cost increases by 50%. The firm will experience
Sunday, August 19, 2012 at 11:53am

Economics
Suppose; C = 500 + 0.80(Y – 400) I = 400 G = 400 (X – M) = -100 Solve for income or GDP
Friday, August 17, 2012 at 9:02am

Economics
Hey I've just had a mind blank. What is the term for when a business has outgrown its limits and is starting to perform badly? Thanks for the help
Thursday, August 16, 2012 at 2:52am

Economics
Market analysts often use cross-price elasticities to determine a measure of the “competitiveness” of a particular good in a market. How might cross-price elasticities be used in this manner? What would you expect the cross-price elasticity coefficient to be if the ...
Monday, August 13, 2012 at 11:35pm

Economics
Indicate how an understanding of demand and of elasticity of demand is useful in analysing the following statement. “If total consumer expenditure remains the same after a new tax is imposed on cigarettes then spending on cigarettes will decrease and spending on other ...
Monday, August 13, 2012 at 11:34pm

economics
what effects does inflation have on an employed person, unemployed person and pensioner
Sunday, August 12, 2012 at 8:28am

economics
How would a fall in U.S. interest rates affect Canadian investment, saving, net foreign investment, and the Canadian real exchange rate
Wednesday, August 1, 2012 at 11:09am

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