The total willingness to pay for public restrooms in a city is given in the table below: Number of Restrooms Total willingness to pay 1 $208,000 2 $199,000 3 $150,000 4 $85,000 If the marginal co
Carl's Computer Center sells computers to business firms. Businesses then use the computers to produ
Carl's Computer Center sells computers to business firms. Businesses then use the computers to produce other goods and services. Over the past year, sales representatives were paid $3.5 million, $0.5 million went for rent on the building, $0.5 m
For April, the month just ended, the cost components to make tapes were $2 per tape plus fixed costs ...
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In a given year, a country's GDP = $9841, net factor payments from abroad = $889, taxes = $869, tran
In a given year, a country's GDP = $9841, net factor payments from abroad = $889, taxes = $869, transfers received from the government = $296, interest payments on the government's debt = $103, consumption = $8148, and government purchases
Compare and contrast the investment decisions that you might make as an individual investment versus
Compare and contrast the investment decisions that you might make as an individual investment versus a corporate investment. Include both the accounting investment aspect and the financial investment aspect (they are different aspects because they bo
We are going to examine each of your Fortune 500 companies in detail. Look at your company and make
Hi do you have access to the following text book? : Prin of Economics (SVE) Author: Case Edition: 12th ISBN: 9780134079288 if not ! I think the questions are, What gets produced?, How is it Produced? , who gets what is p
Ever-Sharp Lawnmowers Ltd. controls variable manufacturing overhead costs with assembly-line hours as the denominator. Fixed manufacturing overhead costs are applied on a unit-of-output basis. Each lawnmower is allowed 10 assembly-line hours and stan
Assume the income elasticity of a good has been calculated to be +0.83. Based on this information, ...
Assume the income elasticity of a good has been calculated to be +0.83. Based on this information, we can infer that the good is: A) a normal good and a luxury. B) an inferior good and a necessity. C) a normal good and a necessity.
The labor and land markets are very important to our national economy. Labor particularly--that is w
The labor and land markets are very important to our national economy. Labor particularly--that is why the arguments for and against immigration are so heated. Immigrants, in many states, supply labor into the market and demand payments that are usua
Let's discuss the difference between long-run and short-run. If you were a business owner, how ...
let's discuss the difference between long-run and short-run. If you were a business owner, how would you apply the principles in this chapter and the previous chapter to make decisions about your business? You will need to define short-run and l
This chapter discussed how profit maximizing firms make decisions concerning the input and output ma
This chapter discussed how profit maximizing firms make decisions concerning the input and output markets. In most major business schools students are taught that the main purpose of business is to maximize profits--in other words, to make as much mo
Costs are very important not only to us as individual consumers, but also to businesses who must con
Costs are very important not only to us as individual consumers, but also to businesses who must control costs in make the desired profit. We should have learned that in this chapter (if we did not already know that). In this discussion answer the fo
let's discuss elasticity. Talk about 5 items that you purchase, or would purchase, tha
lets discuss elasticity. Talk about 5 items that you purchase, or would purchase, that have different elasticities. Explain what elasticity each item has and why you purchase, or would purchase them, anyway.
Can you help me me figure out something for this pots
 Two very important concepts mentioned in this chapter are budget constraints and the allocation of income to maximize utility. These are problems that all of us face on a continuing basis. For example, we may be hungry for pizza so we go to a
Price is the controlling factor in any free economic marketplace. You would think that everyone is l
Price is the controlling factor in any free economic marketplace. You would think that everyone is looking for the lowest price available on every item produced and sold. This, however, is not the case. think about how important price is to you perso
Explain in your own words the laws of supply and demand. Also include an explanation as to what caus
explain in your own words the laws of supply and demand. Also include an explanation as to what causes a shift in either curve as opposed to a movement alone either curve.
The Economic Problem: Scarcity and Choice One of the sections in this chapter discusses the ...
The Economic Problem: Scarcity and Choice One of the sections in this chapter discusses the various forms of economic systems that exist around the world. Here in the United States we always talk about how we have a free market system. But do w
This is an opportunity to examine your environmental scanning abilities and, at the same time, disco
This is an opportunity to examine your environmental scanning abilities and, at the same time, discover how every event that occurs, domestically or internationally, can affect both the business world and your personal life. Find a recent copy of a l
Hi can you help me make a enviroment scanning, the articke does not has to be older than one week
Environmental scanning is a useful tool to create awareness and knowledge of how information relates to current environmental conditions. It is usually specific to a topic. For this course the topic is microeconomics, or any aspect
2. Current Immigration Policy - This paper must have the following side headings: a. Timeline of U.S
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If the total utility derived from consuming three oysters was 40 utils and the total utility derived
If the total utility derived from consuming three oysters was 40 utils and the total utility derived from consuming four oysters was 62 utils, what was the marginal utility derived from the consumption of the fourth oyster?
FICA is a payroll tax imposed on employers and workers that is used to fund Social Security and ...
FICA is a payroll tax imposed on employers and workers that is used to fund Social Security and Medicare. Which of the following statements regarding the tax is true? A) Employers are required to pay a greater share of the tax than workers but most
A key aspect of the principal-agent problem is that
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We can say that a contract is able to prevent moral hazard when
We can say that a contract is able to prevent moral hazard when A) it eliminates production inefficiencies due to moral hazard without shifting risk to risk-averse people. B) it eliminates production inefficiencies due to moral hazard without shiftin
The wage of a known high-quality worker, wh, is $10,000. The wage for a known low-quality worker, ...
The wage of a known high-quality worker, wh, is $10,000. The wage for a known low-quality worker, wl, is $4,000. The share of the work force that is of high quality, s, is 0.5. For what value of the cost, c, of a college education that serves only as
In a labor-market separating equilibrium with high-skill and low-skill workers and where a costly ...
In a labor-market separating equilibrium with high-skill and low-skill workers and where a costly educational degree is used solely as a signal device, we can say that A) education is socially inefficient because it is costly and provides no useful
In a labor-market pooling equilibrium with high-skill and low-skill workers and where a costly ...
In a labor-market pooling equilibrium with high-skill and low-skill workers and where a costly educational degree is used as a signaling device, A) the high-skill workers' wage is larger than the low-skill workers' wage. B) the low-skill workers' wag
A necessary condition for a separating equilibrium when workers can use education as a signal of ...
A necessary condition for a separating equilibrium when workers can use education as a signal of their ability is A) the high-ability wage is larger than the sum of the degree cost plus the low-ability wage. B) the cost of a degree is larger than the
Government mandated safety standards within firms A) will always decrease efficiency. B) can increase efficiency by avoiding a prisoner's dilemma outcome. C) are unnecessary because of asymmetric information. D) will create unfair competition among f
The WWQX Co. sells shirts. Shirts with the company label on the tag are perceived to be of higher ...
The WWQX Co. sells shirts. Shirts with the company label on the tag are perceived to be of higher quality than shirts with the store's label. Yet, shirts are of identical quality regardless of the label. The demand for perceived high-quality shirts i
Signals may prevent adverse selection if A) sending a false signal is cheap for the agent. B) sending a false signal is costly for the agent. C) agents as rational. D) signals are as good as cheap talk.
Suppose that everyone is risk neutral and buyers cannot identify the lemons. The expected value of a ...
Suppose that everyone is risk neutral and buyers cannot identify the lemons. The expected value of a used car is $8,000. No good cars will be sold in this market A) unless the sellers of good cars place a value greater than $8,000 on their cars. B)
A market equilibrium with symmetric information is efficient because
A market equilibrium with symmetric information is efficient because A) low-quality goods are not sold. B) consumers pay higher prices for lemons. C) sellers only offer high-quality goods. D) the goods go to the people who value them the most.
