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Homework Help: Social Studies: Economics

Recent Homework Questions About Economics

Economics
A local video store estimates their average customer's demand per year is Q = 7 - 2P, and knows the marginal cost of each rental is $0.5. How much should the store charge for each rental if it engages in optimal two-part pricing? Answer A. $0.35 B. $0.5. C. $0.7. D. $1.00.

Economics
Suppose a manager is interested in implementing third-degree price discrimination. The manager knows that the price elasticity of demand for Group 1 is -2 and the price elasticity of demand for Group 2 is -1.2. Based on this information alone we can conclude that the price ...

Economics
If a firm supplies separable markets with price elasticities h1 = -3 and h2 = -2, it should set prices P1 and P2 so that: a.2/3P1 = 1/2P2 b.3P1 = 2P2 c.2P1 = 3P2 d.P1 = P2 e.2P1 = 2/3P2

Economics
The price elasticity of demand for senior citizens purchasing coffee from McDonald's is -5 while non senior citizens have a price elasticity of demand equal to -1.25. If is cost McDonald's $0.02 to produce a coffee, the optimal price for a cup of coffee for non senior ...

Economics
Suppose you are the marketing manager for the Fruit of the Loom. An individuals' inverse demand for Fruit of the Loom women's underwear is estimated to be P = 25 - 3Q (in cents). If cost to Fruit of the Loom to producing women's underwear is C(Q) = 1 + 4Q (in cents), compute ...

Economics
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 - Q. Suppose fixed costs rise to $200. What will happen in the market? A.The firm will decrease its output and lower its price. B. The firm ...

Economics
If a firm supplies separable markets with price elasticities h1 and h2, it should set prices P1 and P2 so that: a.P1 /h1 = P2 /h2 b.P1/(1 - 1 /h1) = P2 / (1 - 1/h2) c.P1(1 + 1/h1) = P2 (1 + 1/h2) d.P1 = 1 - 1/h1 and P2 = 1 - 1/h2 e.P1h1 = P2h2

Math/Economics
If one kilogram of flour costs $2 in Canada, and 100 shillings in Kenya, what would Purchasing Power Parity predict the Kenyan shilling to be worth in Canadian dollars?

Economics
Consider an economy with a constant nominal money supply, a constant level of real output Y = 100, and a constant real interest rate, r = 0.10. Suppose that the income elasticity of demand is 0.5 and the interest elasticity of money demand is –0.1. By what percentage does ...

Economics
what is the kyoto protocol?

Economics
If one kilogram of flour costs $2 in Canada, and 100 shillings in Kenya, what would Purchasing Power Parity predict the Kenyan shilling to be worth in Canadian dollars

Economics(Please respond, thank you)
The table below shows the market basket quantities and prices for the base year (year 1) Base year 1 Price in price Quantity base year yr 2 Product Pizza 15 $3 $3.75 t-shirts 4 $10 $9 rent 1 $500 $550 In year 1 the CPI was? In year 2 the CPI was? I know that cpi= (expenditures...

Economics
How does a laissez faire economy make the decision about what goods and services will be produced? a.) Lawmakers in government vote on what will be produced b.) Producing firms decide what they choose to produce, cusumers will follow c.) What will be produced is determined by ...

Economics
I have a few questions, for my test coming up. Which of the following is most necessary for specialization among producers to take place? Free trade Monetary policy Competition Scarcity Which of the following best states the purpose of an import quota? To reduce competition ...

microeconomic
Suppose you consume three pounds of beef and five pounds of pork per month. The price of beef is $ 1.50 per pound, and pork is $ 2.00 per pound. Assuming you have studied economics and achieved consumer equilibrium, what is the ratio of the marginal utility of beef to the ...

managerial economics
4. The equation for a demand curve has been estimated to be Q = 100 – 10P + 0.5Y where Q is quantity, P is price, and Y is income. Assume that P = 7 and Y = 50. a. Interpret the equation. b. What is price elasticity at P = 7 and arc elasticity at the interval between P = 6 ...

Catering(Gourmet Essentials)
THURSDAY March 8, 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...

Economics
Why is there such a wide variety of desired goods and services in a market?

Economics
Help Please! How does self-interest help achieve society’s economic goals?

managerial economics
Explain why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms. (At the same time, some internet businesses such as grocery home deliveries have continually suffered steep losses ...

bus 599
A group of economics students gathered to study for a test on the money and banking system in the U.S. During a fast and furious brainstorm session, Jill scribbled down several key phrases she will use to study tomorrow. Unfortunately, in her haste, all the statements in her ...

economics
The MidNight Hour, a local nightclub, earned $100,000 in accounting profit last year. This year the owner, who had invested $1 million in the club, decided to close the club. What can you say about economic profit (and the rate of return)in the nightclub business?

Economics
how to calculate Qd=15.0-0.2P

Mangerial Economics
Where Q is the number of cans of tennis balls sold quarterly, P is the wholesale price Wilpen charges for a can of tennis balls, M is the consumers average household income, and Pr is the average price of tennis rackets. The regression results are as follows Dependant Variable...

home economics
uses of a sleeve

managerial economics
Qd=15.0-0.2P where Qd is annual quantity demanded in millions of units and P is the wholesale price. Incurred cost of $60 million. Production cost is $5/unit. (1) what is wholesale price, (2) production annually, (3) annual profit? Given this is a monopoly with an expiring ...

business economics
what does fiscal and monetary policies mean

Economics
Hi, I was wondering if you know any good websites were I can review for a grade 12 economics exam?

economics
Suppose Caroline is a cinephile and buys only movie tickets. Caroline deposits $3000 in a bank acct that pays an annual interest rate of 20%. You can assume that this interest rate is fixed-that is, it won’t change over time. At the time of her deposit, a movie ticket is ...

economics
If a farmer purchases a new tractor,is it included in the calculating of the GDP?

English
Does geography/history/economics/politics play a role in your understanding of the theme of the book "The namesake"? If so, how?

Economics
Can you tell me please if my answer is right to the following question? The question: present Adam Smith's theory of value and limitations. 1. Labor cost: he supported that everyone must produce his own goods using own labor and exchange the surplus with other goods. In this ...

Economics
adam smith supported three different views of theory of value (are the followings correct, i will add them to my essay) 1. Labor cost: he supported that everyone must produce his own goods using own labor and exchange the surplus with other goods. In this model of society no ...

Economics
If all company in a certain industry are earning economic profits now, in long run what will happen?

Economics
B. Suppose there are two goods, Cloth and Food, and two factors of production, labour and capital. Suppose that the production function for each good is "homothetic". Put capital K in the vertical axis and labour L in the horizontal axis. For Cloth production, for any ray from...

economics
Complete the following table for the firm below which is selling its product in a perfectly competitive market and hiring labor in a perfectly competitive labor market. MARGINAL WORKERS TOTAL MARGINAL PRODUCT REVENUE HIRED PRODUCT PRODUCT PRICE PRODUCT 1 12 ______ $10 ______ 2...

ECONOMICS
Grocery stores and gasoline stations in a large city would appear to be examples of competitive markets: There are numerous relatively small sellers, each seller is a price-taker, and the products are quite similar. a. How could we argue that these markets are not competitive?

Economics
Consider an economy with the following aggregate demand(AD) and aggregate supply(AS) schedules. These schedules reflect the fact that, prior to the period we're examining, decisions makers entered into contracts and made choices anticipating that the price level would be P105...

Economics
Consider an economy with the following aggregate demand(AD) and aggregate supply(AS) schedules. These schedules reflect the fact that, prior to the period we're examining, decisions makers entered into contracts and made choices anticipating that the price level would be P105...

economics
An article in Business Week warned of the dangers of deflation as the collapse of numerous Asian economies was creating worries that Asia might try to “ export its way out of trouble” by oversupplying everything from automobiles to semiconductors. Evidence that deflation ...

math
Business and Economics: For a business to make a profit it is clear that revenue R must be greater than cost C; in short, a profit will result only if R>C. if a company manufactures records and its cost equation for a week is C = 300 + 1.5x and its revenue equation is R = ...

Economics
3.The Theory of the Firm document, the Friedman article, and the information in chapter 4 argue that the main goal of a firm in a market economy is to maximize profit (shareholder wealth) over the long term. However, SEC regulations require U.S. corporations to publish ...

managerial economics
Exercise 1 The marketing manager has estimated the company’s demand curve with the equation P=3000 – 40Q. To develop a deeper understanding of pricing and quantity to be produced, complete the following analyses: 1. Draw the demand curve (use a range of Q values from 20 to...

economics
what is the relationship between investment and interest rates

Economics
Wilpen Company, a price- setting firm, produces nearly 80 percent of all tennis balls purchased in the United States. Wilpen estimates the U. S. demand for its tennis balls by using the following linear specification: where Q is the number of cans of tennis balls sold ...

Economics
Grocery stores and gasoline stations in a large city would appear to be examples of competitive markets: There are numerous relatively small sellers, each seller is a price taker, and the products are quite similar. a. How could we argue that these markets are not competitive...

History
(So, I have to agree or disagree with regards to the statement provided.. please comment on how I can make my answer better) Confirming Max Weber’s thoughts on the dynamics between religion, economics, and culture--Protestantism and urbanization had a mutual reinforcing ...

Economics
what are some economic problems with welfare?

history
Can anyone explain to me how Max Weber’s thoughts on the dynamics between religion, economics, and culture can be related to Protestantism and urbanization in Western Europe? I know that according to Max Weber--religion, economics, and culture are intertwined with each other...

help
Human Race A. Philosophy B. Sociology C. Humanities D. Economics d

Economics
what is a good economic problem with welfare? I searched a lot, but i can't find anything.

Economics
what is an economic problem with welfare in canada and how can it be solved? I basically need a thesis.

Economics
Suppose George is making $18 an hour installing electronic chips in hand held computers. Would you offer to work for $8 an hour to get you the job? Why might a profit-maximizing employer turn down you offer?

economics
Bubba's Burgers sells hamburgers in a perfectly competitive market at a price of $1.50 each. At the profit-maximizing (cost-minimizing) level of output, average total cost is $1.90 per hamburger and average variable cost is $1.75 per hamburger. Should the firm continue to ...

economics
Before the merger, each of the separate newspapers was losing about 10 million per year. What forecast would you make for the merged firms profits? Explain. b. Before the merger, each newspaper cut advertising rates substantially. What explanation might there be for such a ...

home economics
What is disposal of fullness

economics
Suppose that the company Mama's Pies adds another store to sell its pastries. Supposed that it costs $400,000 to build the new store and assume that the new store will generate revenues of $450,000. What is the rate of return on this investment?

Economics
If the federal government enacts a tax on a monopoly, how would you expect the additional tax to affect the following: 1. Output produced by the monopoly 2. Prices charged by the monopoly 3. Profits of the monopoly

Economics
-The "Baby Boomers" are in their retirement age. What affect might this have on the productive capacity of a country's labor force? -How does consumer demand and the price mechanism influences demand in the factor market?

hsitory
Which of the following is the study of governmental institutions and processes? A. geography B. political science C. sociology D. economics

economics
For the total variable cost (TVC), draw a positive total fixed cost (TFC) and total cost (TC) curves. Then derive the associated marginal cost (MC), average total cost (ATC), average variable (AVC) and average fixed cost (AFC) curves. Be sure to capture and explain the ...

Economics
Please check my work! Thanks! 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. They decide to pool their resources to purchase the company. This would be called a _______ ...

Economics
The service of mechanic in fixing the radiator of his car.ist excluded or included gross domestic product and how?

economics
Suppose that the resident of vegopia spend all of their income on cauliflower,broccoli and carrots.in 2006 they buy 100 heads of cauliflower for $200,50 bunches of broccoli for $75 and 500 carrots for $50.in 2007 they buy 75 heads of cauliflower for $225,80 bunches of broccoli...

economics
Suppose that there are three beachfront parcels of land available for sale in Asilomar and six people who would each like to purchase one parcel. Assume that the parcels are essentially identical and that the minimum selling price of each is $600,000. The table below reflects ...

economics
Suppose that there are three beachfront parcels of land available for sale in Asilomar and six people who would each like to purchase one parcel. Assume that the parcels are essentially identical and that the minimum selling price of each is $600,000. The table below reflects ...

Economics
-> In some countries, the role of women is not regarded in the same way as a man. How might this effect production in the country and the consequent effect on standard of living? -> The run up to the 2004 election saw the Liberal Coalition stress its economic management...

About Economics
-> In some countries, the role of women is not regarded in the same way as a man. How might this effect production in the country and the consequent effect on standard of living? -> The run up to the 2004 election saw the Liberal Coalition stress its economic management...

Economics
If someone said "My personal economic theory is live below my means..." what does this mean and what implications does this have for that person's economic future?

History
What caused Republicans to abandon their defense of black rights? Discuss economics as well as political reasoons.

economics
what is the theory of inflation

economics
A prolonged economic contraction is called ?

economics
How do economists determine the real GDP per capita?

economics
Which banking service provides easy access to money, monthly statements, easier bill payment, and more security than carrying cash?

economics
Which banking service provides easy access to money, monthly statements, easier bill payment, and more security than carrying cash?

economics
Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following: (a) The effective monthly interest rate (b) The nominal annual interest rate (c) The effective annual interest rate

economics
i need to write an editioral in a newsletter format regarding the rights and responsibilites of us citzens- i don't know how are where to start

economics
Which of the following is a FALSE statement? A. Changes in the price of inputs can cause a shift in supply. B. If the price of other goods change, it can cause a shift in supply. C. Government involvement in the economy will not cause a shift in supply. D. Certain advancements...

economics
What is the main difference between macroeconomics and microeconomics?

home economics
Suppose the City of Klamath is considering plans to build a dam on the Klamath River. There are currently social benefits to the recreational fishermen who use the river to catch salmon. The dam would be source of revenue, as it would create hydroelectric power that the ...

business managment
1. In a _______, consumers ultimately decide what should be produced. A. macroeconomic system C. free market system B. socialist economy D. command economy 2. Efficiency can best be defined as A. the amount of output generated in a given amount of time. B. producing items ...

Business management class
here is all my questions with answers.. just to double check my work.. Sue can u please check!! thanks u for all the help!! 1. In a _______, consumers ultimately decide what should be produced. A. macroeconomic system C. free market system B. socialist economy D. command ...

Economics
One year ago, you bought a bond for $10,000.00. You received interest of $400.00 at the end of the year, as well as your $10,000.00 principal. If the inflation rate over the last year was five percent, calculate the real return. Show your work.

Managerial Economics
The demand function for a cola-type soft drink in general is Q = 20-2P, where Q stands for quantity and P stands for price. At which price would a change in price and quantity result in approximately no change in total revenue? Why?

economics
An economist for a bicycle company predicts that, other things equal, a rise in consumer incomes will increase the demand for bicycles. This prediction is based on the assumption that:

economics
Suppose that the free market labour supply and labour demand equations are given by Qs = 5W and Qd = 30 - 5W. If the minimum wage were set at $2.50 an hour, how many people would not be able to find work?

Economics
What is labour?

Economics
2. Explain how an economist could use the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter

Business
Learning economics is like having you own crystal ball. The more you understand it as a social science, the more you understand how our economy and political system works. I say like a crystal ball, because you will be able to see things that other people without the same ...

Economics
21. The EU is an example of a trading bloc, or _______, that has a common external tariff and no internal tariffs, and that coordinates laws to facilitate trade between member countries. A. strategic alliance B. joint venture C. common market D. multinational export assistance...

Economics
11. Often, the _______ the risk, the _______ the rewards. A. higher; higher C. higher; lower B. lower; higher D. faster; quicker 12. When the government of Indonesia imposes a tax on imported electronics products to help its young electronics industry compete in the global ...

Economics
6. The idea that countries should produce and sell goods that they produce most effectively and efficiently, and buy goods that other countries produce most effectively and efficiently, is known as A. absolute advantage theory. C. efficiency balanced trade. B. free trade. D. ...

economics
label a point f inside the curve. why is this an inefficient point? label a point g outside the curve. why is this point unattainable? why are pointS A THROUGH E ALL EFFICIENT POINTS?

economics
label a point f inside the curve. why is this an inefficient point? label a point g outside the curve. why is this point unattainable? why are pointS A THROUGH E ALL EDDICIENT POINTS?

Literacy
_______ is the study of how to increase resources and create conditions that will make better use of resources. A. Resource development C. Macroeconomics B. Economics D. Microeconomics my answer is A

Research paper(economics)
how many Parks and Resorts does Disney have? It's for an economic projects. thank you

Research paper(economics)
How do you find how Ebay is doing economically, like an economic overview.

Economics
1. A firm in a perfectly competitive market invents a new method of production that lowers its marginal costs. What happens to its output? What happens to the price it charges? a. The firm has an employee who threatens to tell all other firms in the industry about how to ...

economics
Which of the following is not an economic right or responsibility? Question 8 options: a.deciding where to live b. choosing an occupation c. paying taxes d. being happy

economics
While shopping you discover that your favorite department store has lowered the price on a hot, new MP3 player that you wanted to buy. You rush into the store, only to find that they are sold out. This scenario illustrates the concept of a) scarcity b) shortage Im confused !

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Homework Help: Social Studies

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