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August 29, 2014

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Recent Homework Questions About Economics

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ECONOMICS
Imagine that you manage a company that has invested $5 million in developing a new product, but has not completed development. At the last meeting, your salespeople report that the arrival of new competing products has reduced expected sales of your new product to $3 million. ...
Thursday, June 7, 2012 at 12:13pm

economics
Determine the sum of money that must be invested today at 9% interest compounded annually to give an investor annuity (annual income) payments of $5,000 per year for 10 years starting 5 years from now.
Thursday, June 7, 2012 at 1:49am

economics
which is a real life example of a market that is close to perfect competition a.a computer monopoly b.an oil and gas cartel c.farmers market d.public school system.
Wednesday, June 6, 2012 at 7:15pm

ECONOMICS
What is the economic term for productive resources that provide a means for society to produce and distribute its goods and services?
Tuesday, June 5, 2012 at 12:35pm

Economics
1. Why is representative money more useful than commodity money? B. Representative money has value because the government says it does. C. Representative money exists in unlimited supply, so more people use it. D. Representative money is portable, durable, divisible, and ...
Monday, June 4, 2012 at 10:03pm

Economics
What is usually the relationship between a bond’s rating and the interest rate a company pays to buyers? A. The rating is the same as the rate. B. The higher the rating, the lower the rate. C. There is no relationship. D. The higher the rating, the higher the rate.
Monday, June 4, 2012 at 9:46pm

Economics
What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one? A. The percentage of tax falls. B. The percentage of tax rises. C. The percentage rises and then falls. D. The percentage of tax stays the same. I'm guessing the ...
Monday, June 4, 2012 at 9:28pm

home economics
What are the diff.tools, equipments,materials used for farm crop production.
Monday, June 4, 2012 at 8:44am

Economics
Which of the following is considered a cause of inflation? B. Producers raise prices to meet higher costs. C. There is not enough money in the economy. D. Demand is less than supply. I think the answers B
Saturday, June 2, 2012 at 6:43pm

Economics
Suppose the market for the magazine is in equilibrium. Some students insist on raising the cover price by $1 and printing the same quantity. What is likely to happen? A. The demand for the magazine will go up. B. There will be a shortage of 150 magazines. C. There will be a ...
Saturday, June 2, 2012 at 1:53pm

economics
In the following examples, state how you would use the principle of marginal analysis to make a decision. a. Deciding how many days to wait before doing your laundry b. deciding how much library research to do before writing your term paper c. Deciding how many bags of chips ...
Friday, June 1, 2012 at 9:52am

economics
At a recent board meeting, the president and CEO got into a heated argument about whether to shut down the firm’s plant in Miami. The Miami plant currently loses $60,000 monthly. The president of the firm argued that the Miami plant should continue to operate, at least ...
Wednesday, May 30, 2012 at 10:14pm

economics
If all the assumption of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What conditions would encourage research and development in competitive industries?
Wednesday, May 30, 2012 at 10:13pm

economics
The manager of All City Realtors wants to hire some real estate agents to specialize in selling housing unit acquired by the Resolution Trust Corporation (RTC) in its attempt to bail out the savings and loan industry. The commission paid by the RTC to the company to sell these...
Tuesday, May 29, 2012 at 11:36pm

Economics
explain how a firm's production function is related to its marginal product of labor,how a firm's marginal product of labor is related to the value of its marginal product, and how a firm's value of marginal product is related to its demand for labor?
Tuesday, May 29, 2012 at 8:12am

Economics
If Starbucks raises its price by 7 percent and McDonald’s experiences a 0.3 percent increase in demand for its coffee, what is the cross-price elasticity of demand?
Sunday, May 27, 2012 at 1:43pm

economics
You are hired as the consultant to a monopolistically competitive firm. The firm reports the following information about its price, marginal cost, and average total cost. Can the firm possibly be maximizing profit? If not, what should it do to ...
Thursday, May 24, 2012 at 5:35am

economics
Give two examples of price discrimination. In each case, explain why the monopolist chooses to follow this business strategy.
Thursday, May 24, 2012 at 5:33am

Economics
Consider an infinitely repeated Cournot duopoly with discount factor delta <1, unit costs of c>0, and inverse demand functions p(Q)=a-bQ, with a>c and b>0. Find the condition on the discount factor,delta , for which the two firms could successfully collude over the...
Wednesday, May 23, 2012 at 9:29am

maths sience,sst,hindi,english,economics
one liter of water at atmospheric pressure ismixed with 9 liter of water of 25 degrees at an atmospheric pressure in an insulated tank .find the temprature of tank.options are 1)25 2)32.5 3)30 4) 24........pls. help
Tuesday, May 22, 2012 at 8:28am

management Economics
chapter 5 answers problems start from pages 200
Monday, May 21, 2012 at 3:10am

economics
How can I determine if two goods are in the same market or market segment? I am not sure how to determine if they have the same demand curve. For example I need to determine if a movie rented from Redbox is or is not in the same market as a movie seen at a Movie Theater. I ...
Friday, May 18, 2012 at 8:17pm

Economics
The formula given was: (real rate of interest) = (nominal rate of interest) - (expected rate of inflation) A chartered bank offers a one-year loan at "3 points above prime." Prime is 4 per cent. a) What is the nominal interest rate? b)If expected inflation is 3 per ...
Thursday, May 17, 2012 at 5:43pm

Economics
Is there any good websites where I can download or view a textbook online for free?
Wednesday, May 16, 2012 at 7:12pm

home economics
when is a wrestler "King of the Rings?
Tuesday, May 15, 2012 at 8:49pm

history
12. Link Past and Present In 2001, President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This bill called for large tax cuts just as the Economic Recovery Act of 1981 had and largely benefited the wealthiest Americans. ...
Tuesday, May 15, 2012 at 6:30pm

Economics
Why is a high level of subsistence agriculture a characteristic of less developed countries? A. It shows that the country uses less energy. B. It means that more people are unemployed or underemployed. C. It means that there are fewer workers available to work in industrial ...
Tuesday, May 15, 2012 at 2:10am

Economics
Suppose you are the leader of a small country with a developing economy in Latin America. You want your country to have a greater voice in the global economy. What organization should you join? A. World Trade Organization B. International Monetary Fund C. Group of 20
Tuesday, May 15, 2012 at 2:08am

Economics
In 1999, India did not have shopping malls. It now has more than 100 malls. Which of the following explains this rapid development? A. Uneducated people in rural areas are demanding malls. B. The middle class is increasing demand for consumer goods. C. The gap between rich and...
Tuesday, May 15, 2012 at 2:07am

economics
The central bank is rensponsible for the management of monetary policy. What is the major tool of monetary policy, and how would it operate in the context of a tight money policy?
Sunday, May 13, 2012 at 1:43am

economics
When the price of corn dogs is $1.00, 5,000 corn dogs are demanded. When the price of corn dogs is $2.00, 2,500 are demanded. What is the price elasticity of demand for corn dogs?
Sunday, May 13, 2012 at 1:40am

economics
Movie attendance dropped 8 percent as tick prices rose a little more than 5 percent. What is the price elasticity of demand for movie tickets? Could price elasticity be some-what overestimated from these figures? That is, could other things have changed, accounting for some of...
Saturday, May 12, 2012 at 2:05pm

managerial economics
Some of the fields have large enough quantities of both oil and natural gas that coordination must achieved for the production of both rather than oil alone as in our examples. Will fields with both oil and gas have greater difficulties in unitization than fields with oil or ...
Saturday, May 12, 2012 at 10:57am

economics
The owner-manager of Good Guys Enterprises obtains utility from income (profit) and from having the firms behave in a socially conscious manner, such as making charitable contributions or civic expenditures. Can you set up the problem and derive the optimization conditions if ...
Friday, May 11, 2012 at 12:28am

Environmental Economics
Can forest harvesting still be inefficient even where tenure is given on a individual basis and is secure? Why or why not? Please answer this question in 3 sentences or less.
Monday, May 7, 2012 at 8:25pm

HISTORY
In 2001, President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This bill called for large tax cuts just as the Economic Recovery Act of 1981 had and largely benefited the wealthiest Americans. President Bush’s approach to...
Friday, May 4, 2012 at 10:25pm

economics
4. Engineers for the Off Road Skateboard Company have determined that a 10% increase in all inputs will cause output to increase by 5%. Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases. A) total cost to...
Tuesday, May 1, 2012 at 2:57pm

Economics PLEASE HELP!!
Another term for capitalist system is ..? My answer: market economy But at the same time I think it's laissez-faire system!
Monday, April 30, 2012 at 11:14pm

Economics
Why do public goods demonstrate the limitations of a free market economy? A. They allow consumers to make all of the economic decisions. B. They allow government to make some economic decisions. C. They allow government to control most economic decisions. D. They prevent ...
Monday, April 30, 2012 at 8:13pm

Economics
Why does a government place price ceilings, such as rent control, on some "essential" goods? C. am I right? A. to prevent the development of a black market B. toencourage an increase in supply of necessary items C. to limit the impact of equilibrium pricing D. to ...
Monday, April 30, 2012 at 8:12pm

Economics
Ok this is the last one Why do public goods demonstrate the limitations of a free market economy? A. They allow consumers to make all of the economic decisions. B. They allow government to make some economic decisions. C. They allow government to control most economic ...
Monday, April 30, 2012 at 7:18pm

Economics
I said C to this question but im not for sure if im right can someone help please? In what way does the Bill of Rights protect individuals' freedom to engage in business activities? A. It recognizes property righs. B. It denies the government the ability to regulate ...
Monday, April 30, 2012 at 7:10pm

Economics
Suppose the market for the magazine is in equilibrium. Some students insist on raising the cover price by $1 and printing the same quantity. What is likely to happen? A. The demand for the magazine will go up. B. There will be a shortage of 150 magazines. C. There will be a ...
Monday, April 30, 2012 at 7:06pm

Economics
Why does a government place price ceilings, such as rent control, on some "essential" goods? I choose C am I right? A. to prevent the development of a black market B. toencourage an increase in supply of necessary items C. to limit the impact of equilibrium pricing D...
Monday, April 30, 2012 at 6:58pm

Economics (PLEASE HELP!!!)
Which type of economic system had been the most effective in promoting economic growth? Why?
Monday, April 30, 2012 at 5:14pm

Res/342 UoP
Is there step-by-step examples to compute these problems using data analysis (ANOVA) and mega-stat? Thx Applied Statistics in Business and Economics: o Chapter 11, Exercises 11.24 and 11.30 o Chapter 15, Exercises 15.29 and 15.32
Monday, April 30, 2012 at 11:10am

Economics
You bought the bond for $1,040, after 6 months you received a coupon of $35 and after another 6 months you received another $35 coupon and you sold the bond for $1,070. What would be your total dollar return in that case? What would be your total percentage return? Would the ...
Sunday, April 29, 2012 at 8:42pm

Economics/History
What trend did Johan Palmstruch start in Europe? How successful was this trend?
Sunday, April 29, 2012 at 5:22pm

Economics
In 1000 BC, the Chinese people used Cowry shells as a method of currency. Why is this significant?
Sunday, April 29, 2012 at 2:04pm

Economics
How is the Barter system of exchange some what arbitrary?
Sunday, April 29, 2012 at 1:32pm

economics
could you calulate the total, average variable, and average cost, when a company marginal cost of production is $5.00 per unit and fixed costs are $20.00
Sunday, April 29, 2012 at 10:08am

economics
Give a numerical example to show that a monopolist's marginal revenue can be upward-sloping over part of its range. Hint: The price on the demand curve is the producer's average revenue
Sunday, April 29, 2012 at 10:08am

economics
find the uniform price if there is two customers: Type A who will only pay 10.00 dollars for a single unit of the good, and Type B who will only pay 8.00 dollars for a single unit of goods. There is 100 customers of Type A and 50 of the customers of Type B.
Sunday, April 29, 2012 at 10:01am

economics
Give a numerical example to show that a monopolist's marginal revenue can be upward-sloping over part of its range. Hint: The price on the demand curve is the producer's average revenue
Sunday, April 29, 2012 at 9:42am

economics
could you calulate the total, average variable, and average cost, when a company marginal cost of production is $5.00 per unit and fixed costs are $20.00
Sunday, April 29, 2012 at 9:34am

economics
The differing goals of the Fed and Congress represent which type of problem?
Friday, April 27, 2012 at 9:58am

ECONOMICS
How is the equilibrium price determined? My Answer: Equilibrium price is determined by demand and supply. How do shifts in equilibrium price occur? MY ANSWER: ???????
Wednesday, April 25, 2012 at 10:01pm

Economics
Provide an alternative explanation to the one given in the text for why isoquants cannot cross.
Wednesday, April 25, 2012 at 2:18pm

Economics
2. Advertising can inform buyers, but sellers must incur costs to advertise. If so, advertising can result in higher prices to consumers. Does this mean advertising is economically inefficient? If not, explain how it can simultaneously create value and increase market prices.
Wednesday, April 25, 2012 at 2:03pm

economics
Tourism as a factor facing obstacles to contribute towards economic development in South Africa
Wednesday, April 25, 2012 at 11:25am

Economics(Please respond)
Given the increase in government expenditures and the marginal propensity to consume, how would yoou find the change in equilibrium GDP? I did the expenditures X the marginal propensity but this is wrong.
Saturday, April 21, 2012 at 11:29pm

Economics/Money
Suppose that banks today were required to keep 100 per cent reserves against their deposits. What would be the result?
Saturday, April 21, 2012 at 11:50am

economics
Over the last 30 years in the United States, the realprice of a college education (i.e., after adjusting for inflation) has increased by almost 70 percent. Over the same period, an increasing number of high school grad- uates have sought a college education. (Nationwide ...
Friday, April 20, 2012 at 4:59pm

economics
In 1989, the Detroit Free Press and Detroit Daily News (the only daily newspapers in the city) obtained permission to merge under a special exemption from the antitrust laws. The merged firm continued to publish the two newspapers but was operated as a single entity. a. Before...
Friday, April 20, 2012 at 4:45pm

Economics
In a market supply, what factor would cause a decrease in meals served? A. lifting of excise taxes B. government farm subsidies C. high global demand for fuel My grandmother says A. but i say B. whos right me or her? Someone help please!!
Thursday, April 19, 2012 at 6:31pm

Economics
How does a persons perception of a good as a neccessity or a luxury effect his or her purchase of it? A. people who have alot of money will buy goods even if they think they are a luxury. B. a good that is perceived as expencive will no longer be considered a neccessity. C. a ...
Thursday, April 19, 2012 at 6:04pm

Economics
A large increase in gas prices creates a demand for cars with good gas mileage. It takes months for car companys to make these cars. How do you describe this market for cars? A. Inelastic B. Static I said A.Inelastic because, its a short run and the firm cannot easily change ...
Thursday, April 19, 2012 at 5:58pm

Economics
Which of these products or services is likley to have an inelastic supply on a short run? A. Cargo Ships B. Haircuts C. Staples I said D am I rights?
Thursday, April 19, 2012 at 5:52pm

Economics
"The government decides to increase tax- (ceteris parabis)". -> what is the effect of this in an economy?
Thursday, April 19, 2012 at 7:20am

economics
Companies are usually taken private by who?
Tuesday, April 17, 2012 at 8:40pm

economics
What do brokerage firms charge fees on
Tuesday, April 17, 2012 at 8:39pm

Economics
If the government gave each recicient family a $7,000 check instead of enrolling them in the Medicaid program, do you think that most of the families would spend that money to purchase health insurance?
Tuesday, April 17, 2012 at 7:54pm

economics
Mexico produce only two goods, fish and coconuts. They only consume goods produced within their own country and do not trade with anyone. However Mexico needs more fish now.if they produce more fish they have to give up more coconuts. In the neighbor country, Canada has lower ...
Monday, April 16, 2012 at 9:24pm

microeconomic
Mexico produce only two goods, fish and coconuts. They only consume goods produced within their own country and do not trade with anyone. However Mexico needs more fish now.if they produce more fish they have to give up more coconuts. In the neighbor country, Canada has lower ...
Monday, April 16, 2012 at 9:20pm

economics
Explain why the productivity standard for the distribution of income entails rewarding people based on their contribution to society s total output. Why does the productivity standard typically fail to yield an equal distribution of income?
Monday, April 16, 2012 at 1:22pm

economics
Suppose that for the firm below, the goods market is perfectly competitive. The market price of the product the firm produces is $4 at each quantity supplied by the firm. What is the amount of labor that this profit-maximizing firm will hire, and what wage rate will it pay? ...
Monday, April 16, 2012 at 9:08am

Economics
5. A firm's marginal cost of production is constant at $5 per unit, and its fixed costs are $20. Draw its total, average variable and average costs. Marginal Cost (MC): $5 per unit Fixed Cost (FC): $20 Total Cost (TC): $25 Average Variable Cost (AVC): $5 FC is always going...
Sunday, April 15, 2012 at 10:49pm

economics
one of the things that works to make sure consumers keep getting better products at better prices is
Sunday, April 15, 2012 at 8:46pm

Economics
1. The employees of Abs "R" Us, which includes 12 fitness parlors in and around the metro area, feel they can improve the performance of the company. This would be called a ______ buyout. A. Leveraged C. Negotiated B. hostile D. Management Answer: A 2. According to ...
Sunday, April 15, 2012 at 12:52pm

Economics
1. The employees of Abs "R" Us, which includes 12 fitness parlors in and around the metro area, feel they can improve the performance of the company. This would be called a ______ buyout. A. Leveraged C. Negotiated B. hostile D. Management Answer: A 2. According to ...
Sunday, April 15, 2012 at 11:16am

principles of economics
four companies produce virtually all breakfast cereal. how might this concentation of market power affect market outcomes? what should the government do, if anything?
Friday, April 13, 2012 at 9:36pm

Economics
Can someone help me find good links to statistics of welfare in Canada such as the number of people who are dependent on it, how much it is abused, and the reduced labour output?
Thursday, April 12, 2012 at 6:46pm

Economics
An increasein governemtn expenditure in increasing GDP when it is financed by: a) rasing taxes b) slling governemtn bonds to the general public c) selling governemtn bonds to the central bank d) selling government bonds to the commercial banks e) both c and d The right answer ...
Thursday, April 12, 2012 at 1:43pm

Economics
The price of cranberry juice suddenly increases. As a result, Glenda begins drinking more grape juice, which is less expensive, but tastes just as good to her. In this case, Glenda’s elastic demand is due to A. availability of substitutes. B. relative importance. C. ...
Thursday, April 12, 2012 at 10:45am

Economics
Due to an increase in her rent, Isa needs to cut back her spending on other items. Which of the following types of goods will Isa consume less of? A. substitutes B. normal goods C. inferior goods D. complements
Thursday, April 12, 2012 at 10:45am

Economics
How does an increase in an excise tax on cars affect the supply of cars? A. More cars will be made. B. Fewer cars will be made. C. Supply will stay the same. D. Supply will increase.
Thursday, April 12, 2012 at 10:36am

Economics
Which is a fixed cost? A. rent B. labor C. raw materials D. heating fuel
Thursday, April 12, 2012 at 10:35am

Economics
A music store holds a half-price sale on all CDs. During the sale, people buy more CDs than usual. What does this event show? A. inelasticity of demand B. the substitution effect C. the law of demand D. the income effect
Thursday, April 12, 2012 at 10:35am

Intermediate Micro economics
A firm with a kinked demand curve experiences an increase fixed costs. Explain how the firm's price, output and profit change.
Wednesday, April 11, 2012 at 11:00am

economics
Suppose that a business has developed a very high-quality product and operates more efficiently in producing that product than any other potential competitor. As a consequence, at present it is the only seller of this product, for which there are few close substitutes. Is this...
Tuesday, April 10, 2012 at 10:16am

economics
A firm that sells e-books – books in digital form downloadable from the Internet – sells all e-books relating to do-it-yourself topics (home plumbing, gardening, and so on) at the same price. At present, the company can earn a maximum annual profit of $25,000 when it...
Tuesday, April 10, 2012 at 7:10am

Economics
Introduction to Economics: Explain why scarcity and choice are basic problems of economics?
Monday, April 9, 2012 at 5:16pm

Economics
Introduction to Economics: Explain why scarcity and choice are basic problems of economics?
Monday, April 9, 2012 at 4:17pm

business
Revise sentence for better understanding/communication 1.Business has an inordinate influence on governmental operations. 2. Our expectaions are that there will be increasement in commodity value. 3. Can we assertain the types of customers that have a predisposition to utilize...
Monday, April 9, 2012 at 1:26am

Economics: Am I right?
I am completely stuck on these two questions. I have read my chapter, but I am still doubting that I got the answers correct. 1.A decrease in aggregate demand causes a decrease in ______ only in the short run, but causes a decrease in ______ in both the short run and the long ...
Sunday, April 8, 2012 at 5:08pm

economics
am completely stuck on these three questions. I have read my chapter, but I am still doubting that I got the answers correct. 1.A decrease in aggregate demand causes a decrease in ______ only in the short run, but causes a decrease in ______ in both the short run and the long...
Saturday, April 7, 2012 at 6:43pm

economics
1) What is the key theory for understanding the politics of information?
Saturday, April 7, 2012 at 12:42am

economics
What is one advantage of a centrally planned economy? A. low unemployment due to guaranteed jobs B. high levels of consumer satisfaction C. quick adjustment to changing conditions D. incentives for workers have new ideas Can someone please help me!!!
Friday, April 6, 2012 at 10:49pm

economics
In what kind of an economy does the government make all the decisions? A. mixed B. laissez-faire C. centrally planned D. free enterprise I say D am I right?
Friday, April 6, 2012 at 10:47pm

economics
I am completely stuck on these two questions. I have read my chapter, but I am still doubting that I got the answers correct. 1.A decrease in aggregate demand causes a decrease in ______ only in the short run, but causes a decrease in ______ in both the short run and the long ...
Friday, April 6, 2012 at 7:14pm

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