Economics question and answers for July 04, 2023
- Q An industry's inverse demand was PD = 20 - 0.1Q and its inversesupply was PS = 4 + 0.1Q.a. Calculate the consumer surplus, producer surplus, governmentrevenue and deadweight loss for...
- Q Suppose both Smith and Jones utility functions of U(X,Y) =X1/2Y1/2. Smith is endowed with (X, Y) = (9,25) and Jones isendowed with (X, Y) = (25,9).a. Draw an Edgeworth box...
- Q Current and future role of business in society
- Q Suppose price-taking firms have cost functions given by C(q) =90 + 5q + 0.025q2.a. What are the equations of marginal costs and averagecosts?b. How much would the firm produce at...
- Q Depreciation is a tough concept since there may be so manyfactors associated with it. The IRS changes the tax deductionsgiven for depreciation on a regular basis. On a larger purchase...
- Q The following tableprovides the project annual budget, total number of projects, andtotal number of people working on the projects for City ofKillingcovid annually:YearAnnualBudget(inmillions)Number ofProjectsNumber ofPeople Working on the Projects19979.932619987.3484719996.82413420007229120017.31727920027.8668220038.4446520047.6153420057.811420068.6424920078.25217420088.73346200910.8923201010.5318201111.77213201211.44424201310.956534201411.1226201510.73228201611.39118201711.3325201811.27254For A...
- Q Suppose a firm’s multiproduct cost function is C(Q1,Q2) = 65 - 0.5Q1Q2 +0.3Q12 + 0.4Q22, andmanagement wishes to produce 12 units of each product(Q1 = Q2 = 12 units).Determine the...
- Q (a) What is the compensating variation? What is the equivalentvariation? What is the diâ„erence between them?(b) You consume two goods, good x and good y. These goods sellat prices px...
- Q select any business article that realates to economics andsummaries the article (1-2 pages).
- Q The answershould be not over one single page for eachquestions and I need a diagram for numbertwo. please draw a diagram as well.simplify isokay as long as it's correctplease help...
- Q Part 1Between 2015 and 2016, the country of West Fredonia experienceda growth rate of -2.6%. If nominal GDP had increased by 1.3% andthe population growth was recorded as 0.4%, then...
- Q 4. How to use the three monetary policies and the three fiscalpolicies to reduce BOP deficit? Please explain how each policyworks, i.e., how economic entities react to the policy changes...
- Q 1. Suppose the exchange rate betweenUS$ and Euro, US$ and Japanese Yen are:   1 US$ = 2 Euro; 1US$ = 100 Yen.   Suppose theinterest rates published by central banks in...
- Q Assume a two-country, two-good, two-input model. Let thecountries in the model be the United States and the Rest of theWorld and the goods be steel and wheat. The two factors...
- Q Comment on the President's 2020 Budget (submitted to Congress onMarch 11) to look at specific proposals (no endorsement!) on thenational debt and also what are your thoughts on US nationaldebt.
- Q howis corporate oversight that results in deadly consequence differentfrom murder ? why are the crimes of capitalism not considered assuch
- Q Part 1Â Â Â (1 point)See HintSuppose that nominal GDP was $9250000.00 in 2005 in OrangeCounty California. In 2015, nominal GDP was $11000000.00 in OrangeCounty California. The price level rose 1.50% between 2005...
- Q 1)Which of the following is not an example of the politicaleconomy approach (or critical medical anthropology) view ofdisease?A) Looks at the link between disease and both micro and macrolevel social...
- Q 1) Demand for medical care and moral hazard: Some argue thatproviding full insurance for routine mental health care will notsignificantly enhance social welfare and will lead to large socialloss from...
- Q Explain the factors that affect the firm's total cost, andexplain the behaviour of a typical firms costs in the short run andlong run. In addition, what determines the behaviour of...
- Q How do free competitive markets maximize social welfare? Inaddition, what are market failures and how do they affect socialwelfare?
- Q Since both taxes and subsidies create a deadweight loss tosociety, why are they used to correct negative and positiveexternalities? Ensure to explain whether society is better off orworse off and...
- Q because of corona virus scare our local drug stores ran out of facemasks but some entrepreneurs have orderd these from china but areselling them at very high prices but our...
- Q Select any engineering company and assume you are an engineeringmanager working in that company. Your department has been awardedan external grant of $1M to select 1 project of your choice....
- Q Assume that the following balance sheet portrays the state ofthe banking system. The banks currently have no excessreserves.AssetsLiabilities and Net Worth(Billions of Dollars)Total reserves5Checkable deposits50Loans25Securities20Total50Total50What is the required reserve ratio?10%40%5%25%Suppose...
- Q Firm A: initial pollution level = 120, cost to reducepollution 1 unit = $75Firm B: initial pollution level = 150, cost to reducepollution 1 unit = $100a. Assume that the...
- Q Outline how counter cyclical fiscal policy and balanced budgetfiscal policy would close a recessionary gap. Be specific on goals,how each theory would achieve those goals, how they would close thegap,...
- Q In what way were the 1990s like the 1920s? Also, list multipleways in which the two were different
- Q Dueto threats by the president to set import quotas, the U.S. StateDepartment negotiated directly with European and Japanese steelproducers to limit their companies’ exports to the United States.No foreign government...
- Q Question 2By Economic Growth we mean that:1 The quality of the goods and services offered in the countryis increasing.2 The GDP per capita is growing from year to year.3 There...
- Q Smelling of Tulips, Inc., a perfumecompany, estimated its short-run costs using a U-shaped averagevariable cost function of the form and obtained the followingresults. Total fixed cost (TFC) at S.T. Inc....
- Q Question 1Describe briefly the three hypothesis testing procedures thatare available under maximum likelihood estimation. Which is likelyto be calculated in practice and why?  What stylized fact of financial data cannot...
- Q IS-LM closed economy – SRThe Economy of North Haverbrook is described by the followingagents and characteristics.consumers C = 50 + 0.85 (Y-T)(taxes) T = 100(government expenditures) G = 100(investments) I...
- Q Suppose members of the United States, Mexico, and Canada tradeagreement (USMCA) agree to reduce imports of foreign oil and set aprice floor for North American oil. Briefly describe the impactthis...
- Q Consider an individual making choices over two goods, x and ywith initial prices px= 2 and py= 1, with income I= 100: (a) If anindividual has the utility function u(x;y)...
- Q Firms that have market power can apply the mixed bundlingstrategy to increase their profits. Some researchers claim thateven if a firm does not have any market power, i.e., even in...
- Q 5.Imagine that you are meeting with your superiors to discussentering a foreign market. Your boss has asked you to analyze ajoint venture prospect. Why might you tell your boss that...
- Q what is the current relationship between Saudi Arabia andRussia. In economic terms, describe what is occurring. (200words)
- Q Explain how the value of a social media network increases withthe number of connections. Apply concept to explain why Facebook orGoogle often purchase new, unprofitable startup social mediacompanies for billions...
- Q What is OPEC and how would it be described in economic terms?200 words
- Q Over the past seven weeks, we have explored differentdecades of US history and applied principles of macroeconomics totheir outcomes. Take this time to share what you have learned withyour classmates....
- Q One economic question is deciding how to produce. That meansbusinesses need to make decisions on what types of productionsystems and what types of inputs to use. The isoquant/isocost modelallows us...
- Q WHAT IS THE BEST WAY TO MOTIVATE AN EMPLOYEE AND WHY?
- Q Which one between unemployment and inflation do you think is moreinportant to stabilize if the policy maler cannot do both at thesame time?
- Q should the United States adopt information-control regulationssimilar to Britain’s Official Secrets Act? Explain why or whynot.
- Q Suppose a market is served by a monopoly manufacturer selling toa single customer. The customer’s inverse demand is given by P = 50− (1/10)Q. The monopoly’s marginal cost is constant...
- Q .           Consider the following model of an economy with no internationaltrade, and in which the price level is fixed:                                                                                C = 70 + (11/12)∙DI                                                                                            I = 20                                                                                           G = 30                                                                               Taxes = (1/11)∙GDPwhere C is...
- Q Respond to the following topic \"Trade in Michigan and theCoronavirus Pandemic\"1) Who are Michigan's major trading partners (countries) and howmuch trade occurs with Michigan and other countries?2) Please tell me...
- Q Using the Real Intertemporal Model seen in class, suppose thegovernment announces an increase in future government spendingG’.1. How will you expect the increase in G’ to affect the Ns,Nd, Ys,...
- Q Steel City Inc. is a company located in Dallas in the UnitedStates of America. It deals in import export of furniture. Theworkforce is composed of almost 200 employees, from differentlevels....
- Q 9. Taxation - An algebraic approachSuppose the supply of a good is given by the equationQS=100P−100QS=100P−100, and the demand for the good is given by theequation QD=350−50PQD=350−50P, where quantity (Q)...
- Q The US economy was hit two shocks at the onset of the 2008Global Financial crisis. First, it faced a negative supply shockdue to a doubling of the price of oil,...
- Q A column in the New York Times in 2017 was titled “TheLow-Inflation World May Be Sticking Around Longer Than Expected.â€Are the low inflation rates of recent years entirely the result...
- Q . Draw a typical business cycle andidentify the four phases of the cycle on your graph. List fourmacroeconomic variables that are pro-cyclical, and indicate whethereach one is a leading, lagging,...
- Q 1. How has the relationship between pollsters and the mediadeveloped over time both in terms of the field of pollingjournalism overall, and specifically, The Marist Poll? 3. Whatlessons in polling...
- Q The demand for marijuana is given byQMd =a−bPM−cPA−Iwhere QMd is the demand for marijuana, PM is the price ofmarijuana, PA is the price of alcohol, and I is the income....
- Q Discuss the issue of discrimination in the workplace. Fiftyyears after the Civil Rights Act of 1964, there remain greatimbalances regarding jobs, pay, and opportunity for women andminorities. What positive measures...
- Q Marx and Mill both thought that there were historical forcesblocking the full development of human freedom. How are their viewsof freedom (and secondarily history) different? What do Marx andMill want...
- Q What does loyalty to your company mean, and how important is it,morally? Under what circumstances, if any, do employees owe loyaltyto their employers. What conditions would justify, or morallyrequire, an...
- Q Locke and Marx each discussed the role of private property. Whydid Locke defend it and why was Marx critical of it? What were theeffects of private property on society and...
- Q What impacts do you believe COVID-19 will have on incomeinequality? Who will feel the most pressure? Is there somethingpolicymakers could do differently?
- Q C(Q1, Q2) = 3,500 -205Q1Q2 - (Q1)2 +(Q2)2A. What do you need to know from the equation above to see ifthere are Cost Complementarity? Are there Cost Complementarity?B. What is...
- Q Briefly describe the four economic functions of property rightslawBriefly describe institutions that are used to enforce propertyrights globally
- Q V. State whether you agree or disagree with thefollowing statements and briefly explain why. Please draw graphs toexplain your answer, where appropriate.In some states, the state government owns and operates...
- Q Assume you are a professional economist and are asked toevaluate the $2.2 trillion economic stabilization package recentlypassed by Congress.Outline the major features of the stabilization package.Which features of the package...
- Q A monopolist faces a demand curve of Q = 164 – P, where P isprice and Q is the output produced by the monopolist. What choiceof output will maximize revenue?Group...
- Q Given people are not working and output is falling。1.what willthat do to money demand.2. What happens do money demand when people's incomefalls?3. Who demands more money you or Bill gates?4....
- Q -What is the meaning of engineering economy?- As students of Engineering College, why do you need to studythe engineering economy?-Write down (in details) the steps of decision-makingprocess.-What are the benefits...
- Q 1.How shoulddeveloping countries promote technological innovation in order togenerate economic growth?2.Why are patentscrucial to technological lead?3.In what ways hasglobalization impacted on technology transfer?
- Q The virus has caused governments to tell people that they can notgo out or go to work.Using our model what will this forced drop in L do to?1. Output2. MPL?3....
- Q Perfectly competitive market. An individual firm has thefollowing cost function:TC = 36 + 2q +q2.  Find the firm’s supply curve.If there are 100 identical firms in the market, what isthe market...
- Q To what degree do you think that the U.S. economy “works\" forthe people of this nation? Provide specific facts from the chapterin support of your assessment.
- Q Consider a monopolist with a total cost of TC=9+Q and marginalcost of $1 (MC=1). The monopolist faces a demand curve ofP=11-Q.1. Graph the monopolist2. Find price and quantity that the...
- Q Please keep each answer to 400 words or fewer. Aim to be over300 for each.Footnote as necessary, I will grade primarily on relativemastery of the material and on critical thinking...
- Q Which concept would you use to explain why investmentspending did not grow strongly between 2011 and 2014 althoughinterest rates were very low? Think about what drives investmentspending and use a...
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!