Get college assignment help at uniessay writers Suppose the hot-pretzel stand industry in Toronto is perfectly competitive and operating in long-run equilibrium. There are 1000 firms in the industry. Each firm has the usual U-shaped average-total-cost curve. The market is in long-run competitive equilibrium.
written The Federal Reserve Board of Governors Complete a one page answer to the following questions. * Should the Federal Reserve Board of Governors remain independent? * What is the strongest argument on either side?
you must submit a report consisting of 600–800 words in which you describe in detail the amount you will pay in income, Social Security, and Medicare taxes for a salary of $94,000. The report must address what income, Social Security, and Medicare taxes are and why U.S. citizens must pay them. Also, you must submit an Excel file or document showing the correct calculations and how the calculations were made.
what would be best advice to a person who wants to lean more about political issues? A.Whatch only television news and commentary shows daily B.pay attention only to newspapers sotries C. explore a variety of source of political information D.Regularly read the major newspapers and news magazines
Suppose that government spending makes private Örms more productive; for example, government spending on roads and bridges lowers the transportation costs. This means that there are now two e§ects of government spending, the Örst being the usual e§ect of G we discussed in class and the second being similar to an increase in the nationís capital stock K. (a) Show that an increase in G that is productive in this fashion could increase the welfare of the representative consumer. (b) Show that the equilibrium e§ects on consumption and hours worked of and increase in G of this type are ambiguous but that output increases. [Hint: You must consider income and substitution e§ects to show it.]
the best example of the use of random sampling to determine who will be elected as your school president would invove A. asking each studetn in your class who he or she would vote for B.asking one student in each
he graph below shows the short-run and long-run cost curves for a publishing firm. The orange point (square symbol) represents its current output level in the short run (Q2). 9.1. In the long run, the firm will likely ______if it decides to keep the amount of output at its initial level. A. Shut down B. Stay on ATC1, but decrease to the point touching the LRAC curve C. Shift to operate on ATC5 D. Shift to operate on ATC2
Distinguish between absolute advantage and comparative advantage
What are the effects of a tariff on a good?
“It is possible to restrict imports and still maintain a fixed level of exports.” Do you agree or disagree? Why?
Get college assignment help at uniessay writers 7. If the Treasury has just paid for a supercomputer and as a result its deposits with the Fed fall, what defensive open market operations will the manager of the open market desk undertake?
A competitive rm uses two variable factors to produce its output, with a production function y = minfx1; x2g. The price of factor 1 is $8 and the price of factor 2 is $5. Due to a lack of warehouse space, the company cannot use more than 10 units of x1. The rm must pay a xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. What is the smallest integer price that would make a rm willing to produce a positive amount?
consumption function is given by C=100 (0.24*(Y-T)), where Y = output and T = taxes. Assume that the investment function is given by I=200-10r, where r is the interest rate. Finally, assume that government spending G equals 150 and taxes T =50. What is the government spending multiplier equal to?
In this economy, the marginal propensity to save (MPS) is: A. 2,800 B. 700 C. 1.00 D. 0 E. 0.25 F. 500 G. 0.75
24. If the equilibrium price in a perfectly competitive market for walnuts is $4.99 per pound, then an individual firm in this market can:
You are the manager of a small U.S. firm that sells nails in a competitive U.S. market (the nails you sell are a standardized commodity; stores view your nails as identical to those available from hundreds of other firms). You are concerned about two events you recently learned about through trade publications: (1) the overall market supply of nails will decrease by 2 percent, due to exit by foreign competitors; and (2) due to a growing U.S. economy, the overall market demand for nails will increase by 2 percent. Based on this information, should you plan to increase or decrease your production of nails? Explain.
Suppose that a natural monopolist was required by law to charge average total cost. On a diagram, label the price charged and the dead-weight loss to society relative to marginal-cost pricing. How would I start?
BARNEY: 10min to write a speeding citation and 20 minutes to tow a vehicle GOOBER: 15min to write a speeding citation and 25 minutes to tow a vehicle a) does barney have an absolute advantage in any activity? b) What is Barneys relative opportinuty cost of writing one additional speeding citation? c) What is Goobers relative opportinuty cost of writing one additional speeding citation? d) In which activity does Barney have a comparative advantage and why? e) In which activity does Goober have a comparative advantage and why? f) From a microecenomics perspective expalin why a comparative is the relevant measure?
1) Suppose there is a blight, which destroys 50% of the coffee bean crop in the short run a) if the price elasticity of demand fro coffee beans is -0.25 what is the impact on the price of coffee beans? b) are coffee farmers better off or worse off and why? c) Demonstrate how and why the long run price elasticity of demnd for coffee beans would differ from the short run? d) How does the blight impact the supply and/or the demand curve? (i would need explanations with graphs)
2) Suppose there is a technological advance that allwos Apple to make iphones much more efficiently. In fact the retail price (ignoring the service contract) falls by 25% a) If the short run price elasticity of demand is -0.8, how much does the quantity demanded change? b) Is Apple better off or worse off? Why? c) Demonstrate how and why the long run price elasticity of demand for Iphones would differ from the short run? How does this technological advance impact the supply and/or the demand curve (I would need explanations with graphs,etc)
These are the number of minutes needed to write a speeding citation or tow a vehicle by Barney or Goober. For example, 10 minutes of labor by Barney always yields either one speeding ticket or half a Vehicles tow. BARNEY: 10 minutes to write a speeding citation and 20 minutes to tow a vehicle GOOBER: 15 minutes to write a speeding citation and 25 minutes to tow a vehicle a) does barney have an absolute advantage in any activity? b) What is Barneys relative opportinuty cost of writing one additional speeding citation? c) What is Goobers relative opportinuty cost of writing one additional speeding citation? d) In which activity does Barney have a comparative advantage and why? e) In which activity does Goober have a comparative advantage and why? f) From a microecenomics perspective expalin why a comparative is the relevant measure?
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