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July 22, 2014

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Recent Homework Questions About Economics

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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

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 ...
Thursday, April 5, 2012 at 8:49pm

micro economics
Frank owns a soda fountain and sells milkshakes. he sells 50 milkshakes per day for $5 each. his daily cost is $290, of which $30 is fixed cost. what can you say about Franks short run decision regarding shut down and his long run decision regarding exit? please help me out !
Thursday, April 5, 2012 at 2:17am

micro economics
1) Assume that the gold-mining industry is competitive. a) Illustrate a long-run equilibrium using diagrams for the gold market and for the a representative gold mine. b) Suppose that an increase in jewellery demand induces a a surge for in the demand for gold. Using your ...
Thursday, April 5, 2012 at 2:14am

Economics
How might expectations of a fiscal policy being temporary weaken the effects of the policy?
Wednesday, April 4, 2012 at 10:04pm

Economics
How could “politics” complicate fiscal policy?
Wednesday, April 4, 2012 at 10:03pm

Economics
Can you please explain the problem of time lags in enacting and applying fiscal policy?
Wednesday, April 4, 2012 at 10:03pm

Economics
Jean-Baptiste Say argued that entrepreneurs should be called the fourth factor of production because they A. organize the other factors and make things happen. B. have historically been successful. C. are motivated by the desire to make a profit. D. can overcome scarcity by ...
Wednesday, April 4, 2012 at 7:52pm

Economics
Which of the following is a summary of the three key economic questions? A. Who will buy which goods and services,and how much will they pay? B. How, when, and from whom should consumers get what they want? C. When, where, and by whom should goods and services be produced? D. ...
Wednesday, April 4, 2012 at 7:49pm

Finance (Engineering Economics)
You wish to retire at 60 and, at the end of each month thereafter for 25 years, to receive $6,000. Assume that you begin making monthly payments into an account at age 23 and continue these payments until age 60. If the annual interest rate is constant at 12 percent, how much ...
Wednesday, April 4, 2012 at 11:06am

Economics
Does this thesis on a solution for welfare sound good?: "For the betterment of Canada, the welfare system needs to undergo a serious change in the rules for applying to welfare." I plan on listing each problem (one subtopic each) of welfare and than the solution and ...
Tuesday, April 3, 2012 at 5:58pm

Economics/English
How do you structure a policy essay? Like I have an economic problem (welfare) and my thesis is a solution to is. I have to write a policy/essay on my solution/problem.
Tuesday, April 3, 2012 at 4:48pm

economics
suppose the demand curve for a product is given by Q=10-2P+Ps1,where P is the price of the product and Ps is the price of a substitute good. the price of the substitute good is $2.00. a)suppose P=$1.00, what is the price elasticity of demand?what is the cross- price elasticity...
Monday, April 2, 2012 at 2:59pm

economics
suppose15 percent increase in the price of airlines causes a 10 percent decline in the quantity demanded, what is the elasticity of demand for airlines?
Monday, April 2, 2012 at 2:49pm

economics
a firm with a kinked demand curve experiences an increased fixed cost explain how the firm's price, output and profit change
Monday, April 2, 2012 at 10:42am

general
What are the various long-term and short-term impacts of food wastage? Please give answers from multiple area eg. cultural,social,economics etc. Global warming I have found out about it so please give a more insightful answe
Monday, April 2, 2012 at 10:14am

Economics(Please help)
Given the wage in dollar per day and the CPI for years 1 and 2 how do you calculate the nominal % increase in wage and the real % increase in wage? I am not sure what to do for this or what the formula is if any. Thank you for your help.
Sunday, April 1, 2012 at 12:26pm

Economics
I've been doing research all day but I can't find out anything about this: Why is the number of people on welfare in Canada higher than the number of people on welfare in the US?
Saturday, March 31, 2012 at 6:37pm

Economics(Please help)
Given the wage in dollar per day and the CPI for years 1 and 2 how do you calculate the nominal % increase in wage and the real % increase in wage? I am not sure what to do for this or what the formula is if any. Thank you for your help.
Saturday, March 31, 2012 at 12:17am

Economics(Please respond, thank you)
Given the wage in dollar per day and the CPI for years 1 and 2 how do you calculate the nominal % increase in wage and the real % increase in wage? I am not sure what to do for this or what the formula is if any. Thank you for your help.
Friday, March 30, 2012 at 10:00pm

Economics
what are some advantages and disadvantages of welfare?
Thursday, March 29, 2012 at 1:41pm

Economics
Why has welfare been decreasing in Canada over the years?
Thursday, March 29, 2012 at 10:31am

Economics
How does government intervene to move an economy out of a recession?
Wednesday, March 28, 2012 at 11:57pm

Economics
What does the term “recession” mean and how do we know when one occurs?
Wednesday, March 28, 2012 at 11:56pm

Economics
What is “Gross Domestic Product” (G.D.P.)
Wednesday, March 28, 2012 at 11:55pm

Economics
How might earning a college degree increase lifetime earnings and employability?
Wednesday, March 28, 2012 at 10:36pm

Economics
Why might an increase of the minimum wage in the United States impact unemployment rates?
Wednesday, March 28, 2012 at 10:32pm

Economics
Aside from humanitarian concerns, which of the following is one reason on nation is motivated to provivde foreign aid to a less developed country? A. Foreign aid is tax deductible B. The nation providing foreign aid decreases its unemployment. C. The nation providing foreign ...
Wednesday, March 28, 2012 at 2:12pm

Economics
In 1973, Members of the Oraganization of Oil-Exporting Countries (OPEC) reduced oild exports, which more than quadrupled oil prices. what effect did that have on less developed nations? a. Their development increase rapidly because if the profits they made form oil, and some ...
Wednesday, March 28, 2012 at 1:50pm

Economics
what two methods can a less developed country use to finance its economic development? A.internal financing & debt rescheduling B.Interal financing & foreign investment C.Foreign investment & debt rescheduling D.Infrastructure & foreign banks
Wednesday, March 28, 2012 at 1:40pm

Economics
What is Foreign investment?
Wednesday, March 28, 2012 at 11:24am

Economics
Foreign aid from developed countries to underdeveloped countries is typically used for what?
Wednesday, March 28, 2012 at 11:16am

Economics
What does this sentence mean? "Economies of scale are experienced when average costs per unit of production fall as the size of output grows"
Monday, March 26, 2012 at 7:36am

economics
Young Saul, a budding mctaemhtiaian and printer, is making himself a fake ID. He needs it to say he’s 21. The problem is he’s not using a computer, but rather he has some symbols he’s bought from the store, and thatâ...
Friday, March 23, 2012 at 10:43pm

Economics
I've been picked to ask a presenter in our class about his presentation on Kyoto Protocol. What are some good questions I can ask? One question I think I'll be asking is "Do you think the Protocol is a success? (is it effective)
Thursday, March 22, 2012 at 7:21pm

economics
A monopoly firm is different from a competitive firm in that A. there are many substitutes for a monopolist's product while there are no substitutes for a competitive firm's product B. a monopolist's demand curve is perfectly inelastic while a competitive firm'...
Wednesday, March 21, 2012 at 2:02pm

Economics
The market demand in a Bertrand duopoly is P = 15 - 4Q, and the marginal costs are $3. Fixed costs are zero for both firms. Which of the following statement(s) is/are true? a.P = $3. b.P = $10. c. P = $15. d. None of the statements associated with this question are correct. I...
Wednesday, March 21, 2012 at 1:53pm

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