Economics

You plan to work for 35 years and then retire. You currently have nothing saved toward

You plan to work for 35 years and then retire. You currently have nothing saved toward

You plan to work for 35 years and then retire. You currently have nothing saved toward retirement, but you plan to save 10% of your salary each year for the next thirty years. Your current salary is $60,000 per year and you expect that salary to grow

Yeonjin9   83   1 Reply

bolbol

You decide to wait for five years before saving money toward retirement. You then wish to save a cer

You decide to wait for five years before saving money toward retirement. You then wish to save a cer

You decide to wait for five years before saving money toward retirement. You then wish to save a certain amount each year for 30 years, at which time you hope to have saved $1,500,000. If you invest in an account that earns 8% annual interest, how mu

Yeonjin9   71   1 Reply

bolbol

As an intelligent and informed financial planner, you have been asked to evaluate the assumptions an

As an intelligent and informed financial planner, you have been asked to evaluate the assumptions an

As an intelligent and informed financial planner, you have been asked to evaluate the assumptions and analysis above. What specific flaws do you see (if any)?

Yeonjin9   30   1 Reply

bolbol

You have discovered a magical elixir that will allow to live forever. You subsequently sold the

You have discovered a magical elixir that will allow to live forever. You subsequently sold the

You have discovered a magical elixir that will allow you to live forever. You subsequently sold the rights to that elixir for $15,000,000 and have invested that money at 10% interest. The expected inflation rate is 2.5% forever. Finally, you wish to

Yeonjin9   30   1 Reply

bolbol

You recently inherited $100,000. You plan to save $8,000 during the next year (year 1) and increase

You recently inherited $100,000. You plan to save $8,000 during the next year (year 1) and increase

You recently inherited $100,000.  You plan to save $8,000 during the next year (year 1) and increase that amount by 5% per year until you retire in 35 years.  During that period, you plan to plan to invest entirely in stocks that are expect

Yeonjin9   45   1 Reply

bolbol

As an investment advisor, you are developing an investment plan for a new client.

As an investment advisor, you are developing an investment plan for a new client.

As an investment advisor, you are developing an investment plan for a new client. 

Information on the client follows.
- The client plans to retire in 30 years.
- The client desires an annual retirement income that will prov

Yeonjin9   37   1 Reply

bolbol

You recently inherited $50,000 and plan to invest that money at 10% interest.

You recently inherited $50,000 and plan to invest that money at 10% interest.

You recently inherited $50,000 and plan to invest that money at 10% interest.  You also plan to save $5,000 per year for each of the next five years.  You then plan to spend two years traveling before settling down.  During those two y

Yeonjin9   33   1 Reply

bolbol

Which of the following situations would be examples of price​ discrimination?

Which of the following situations would be examples of price​ discrimination?

Which of the following situations would be examples of price​ discrimination?
A.
United Airlines charges customers who book 14 days ahead a lower price than those who​ don't.

B.
The local carwash charg

tanjieb   63   1 Reply

bio_man

Cpi and the cost of living

Cpi and the cost of living

Which of the following statements about the nominal and the real wage rates is​ correct?
A.
The real wage rate is measured in current year dollars.

B.
The real wage rate indicates how many goods and services can be purchased

mikeisukr2000   41   1 Reply

bolbol

In a principal-agent problem, if the contract used leads to the maximum of the principal's and ...

In a principal-agent problem, if the contract used leads to the maximum of the principal's and ...

In a principal-agent problem, if the contract used leads to the maximum of the principal's and agent's combined value (profits, payoffs), we can say that this contract features
 
  A) inefficiency in production, since only the principal's

brandon...   104   1 Reply

sarahbernstein

Suppose a plaintiff hires a lawyer to represent her in a court case. Under which of the following ...

Suppose a plaintiff hires a lawyer to represent her in a court case. Under which of the following ...

Suppose a plaintiff hires a lawyer to represent her in a court case. Under which of the following contracts is production efficiency assured?
 
  A) The lawyer is paid by the hour.
  B) The lawyer receives a share of the settlement.

Sami214   75   1 Reply

elchapojr

One reason that lawyers might prefer a contingent contract when representing a plaintiff in a tort ...

One reason that lawyers might prefer a contingent contract when representing a plaintiff in a tort ...

One reason that lawyers might prefer a contingent contract when representing a plaintiff in a tort case is that
 
  A) lawyers are risk neutral.
  B) diversification of many cases allows lawyers to reduce risk.
  C) lawyers are t

qurat.ain46   32   2 Replies

qurat.ain46

When is a piece-rate contract generally used?

When is a piece-rate contract generally used?

When is a piece-rate contract generally used?
 
  A) It is used when output but not labor can be observed.
  B) It is only used to avoid adverse selection.
  C) It is used when labor but not output can be observed.
  D) It i

romankn   25   3 Replies

samsung galaxy

Sam is suing someone in court for 10,000. The probability that Sam will lose the case is 1/h where h ...

Sam is suing someone in court for 10,000. The probability that Sam will lose the case is 1/h where h ...

Sam is suing someone in court for 10,000. The probability that Sam will lose the case is 1/h where h is the number of hours that Sam's attorney works on the case. The lawyer charges 500 per hour if he is to be paid hourly, or he requests 20 of the se

rimaaazzz   42   2 Replies

rimaaazzz

Monitoring is often used by firms in an attempt to decrease :

Monitoring is often used by firms in an attempt to decrease :

Monitoring is often used by firms in an attempt to decrease
 
  A) shirking.
  B) piece rates.
  C) adverse selection.
  D) signaling.

QUESTION 2

If a firm has established monitoring devices that have a

jc123   33   3 Replies

biogenik

A profit-maximizing firm that uses an efficiency wage and monitors will increase the wage it pays ...

A profit-maximizing firm that uses an efficiency wage and monitors will increase the wage it pays ...

A profit-maximizing firm that uses an efficiency wage and monitors will increase the wage it pays its workers until
 
  A) the worker requires no monitoring.
  B) the worker receives the market wage and requires full-time monitoring.

djutopia   80   3 Replies

davis578

A firm uses an efficiency wage scheme to deter workers from shirking, which is detected 10 of the ...

A firm uses an efficiency wage scheme to deter workers from shirking, which is detected 10 of the ...

A firm uses an efficiency wage scheme to deter workers from shirking, which is detected 10 of the times. Suppose a risk-neutral worker. The industry ongoing wage is 3,000. The efficiency wage paid by this firm is 8,000. What is this worker's reservat

crg0202   77   3 Replies

hakeem_td

Suppose employees pay a bond of 1,000 to an employer. The gain from shirking is 400. Monitoring ...

Suppose employees pay a bond of 1,000 to an employer. The gain from shirking is 400. Monitoring ...

Suppose employees pay a bond of 1,000 to an employer. The gain from shirking is 400. Monitoring devices have been installed so that there is a 50 chance of being caught if you are shirking. The company is considering the installation of additional mo

12341243124   44   3 Replies

Kim12345678900

Socially inefficient outcomes are possible when :

Socially inefficient outcomes are possible when :

Socially inefficient outcomes are possible when
 
  A) uninformed parties want to avoid opportunistic behavior by informed parties.
  B) informed parties engage in opportunistic behavior against uninformed parties.
  C) those in

ogilusin   52   2 Replies

ogilusin

Why would a firm knowingly hire lazy employees?

Why would a firm knowingly hire lazy employees?

Why would a firm knowingly hire lazy employees?
 
  A) Lazy employees have positive marginal revenue product.
  B) Lazy employees have successfully sued firms in the past.
  C) The Americans with Disabilities Act mandates that la

trestinle   64   2 Replies

trestinle

Suppose there is no uncertainty about sales. Firms can avoid hiring lazy workers by :

Suppose there is no uncertainty about sales. Firms can avoid hiring lazy workers by :

Suppose there is no uncertainty about sales. Firms can avoid hiring lazy workers by
 
  A) offering contingent contracts.
  B) fixed wage contracts.
  C) engaging in cheap talk.
  D) All of the above.

QUESTION 2[/b

LITTYMEMPHIS   45   2 Replies

LITTYMEMPHIS

An individual's value for a good or service is the

An individual's value for a good or service is the

An individual's value for a good or service is the
 a. The amount of money he or she used to pay for a good
  b. The amount of money he or she is willing to pay for it
 c. The amount of money he or she has to spend on goods
 d. N

Vickyhung   30   2 Replies

Vickyhung

A consumer values a house at 525,000 and a producer values the same house at 485,000 . If the ...

A consumer values a house at 525,000 and a producer values the same house at 485,000 . If the ...

A consumer values a house at 525,000 and a producer values the same house at 485,000 . If the transaction is completed at 510,000 . the transaction will generate:
 a. No surplus
 b. 25,000 worth of seller surplus and unknown amount of buye

stiffler9192   57   2 Replies

stiffler9192

If you are willing to sell your car business for 500,000 and someone offers you 420,000 for it, this ...

If you are willing to sell your car business for 500,000 and someone offers you 420,000 for it, this ...

If you are willing to sell your car business for 500,000 and someone offers you 420,000 for it, this transaction will generate:
 a. There is no surplus created
 b. 80,000 worth of seller surplus and unknown amount of buyer surplus
  c

abbiejurado   28   1 Reply

roberto

The difference between the minimum price the producer is willing to accept and the price the ...

The difference between the minimum price the producer is willing to accept and the price the ...

The difference between the minimum price the producer is willing to accept and the price the producer actually receives for a product is referred to as:
 a. market surplus.
 b. market shortage.
 c. consumer surplus.
  d. producer

Vickyhung   46   2 Replies

Vickyhung

Which of the following describes a firm?

Which of the following describes a firm?

Which of the following describes a firm?
 a. Purchases labor hours from workers
 b. Borrows capital from investors
 c. Combines labor and capital to create production, moving them from their low value use to high value use
  d. A

mac   42   3 Replies

nampretty

Your cellular phone contract is due for renewal and the company offers you a new free phone. Since ...

Your cellular phone contract is due for renewal and the company offers you a new free phone. Since ...

Your cellular phone contract is due for renewal and the company offers you a new free phone. Since you want to use your new phone, you decide to recycle your old phone. Your action
 a. Creates wealth by moving the phone from lower value use to

mvast   68   2 Replies

mvast

Wealth creating transactions are more likely to occur

Wealth creating transactions are more likely to occur

Wealth creating transactions are more likely to occur
 a. With private property rights
 b. With contract enforcement
 c. Both a and b
  d. None of the above

QUESTION 2

Government intervention
 a. can pr

Fnsame   43   2 Replies

Fnsame

Price ceilings cause (Multiple Choice)

Price ceilings cause (Multiple Choice)

Price ceilings cause
 a. Some suppliers to drop out of the market
 b. A decrease in the total production in the market
  c. The creation of black markets
 d. All the above

QUESTION 2

An example of price floor

Inagambit   53   1 Reply

mrman1223

Moving Water Around The San Diablo dam has electricity generating turbines on a chute that connects ...

Moving Water Around The San Diablo dam has electricity generating turbines on a chute that connects ...

Moving Water Around The San Diablo dam has electricity generating turbines on a chute that connects lower and upper reservoirs. During the day, water is drained from the upper reservoir to the lower to produce electricity. But at night, electricity i

hbuedu   569   2 Replies

hbuedu

A business incurs the following costs per unit: Labor 125/unit; Materials 45/unit and rent ...

A business incurs the following costs per unit: Labor 125/unit; Materials 45/unit and rent ...

A business incurs the following costs per unit: Labor 125/unit; Materials 45/unit and rent 250,000/month. If the firm produces 1,000,000 units a month, the total costs equal
 a. 125,250,000
 b. 170,250,000
 c. 125,050,000
 d. 170

boostedrex   105   2 Replies

boostedrex

A company currently sells 10,000 units at 9/unit and makes 20,000 accounting profit. Variable costs ...

A company currently sells 10,000 units at 9/unit and makes 20,000 accounting profit. Variable costs ...

A company currently sells 10,000 units at 9/unit and makes 20,000 accounting profit. Variable costs currently stand at 6 per unit. What are the company's fixed costs?
 a. 5,000
 b. 10,000
 c. 15,000
 d. The company has no fixed c

hbuedu   125   1 Reply

sbray18

For a moving company, all of the following are examples of variable costs, except

For a moving company, all of the following are examples of variable costs, except

For a moving company, all of the following are examples of variable costs, except
 a. Gasoline costs
 b. Truck rents
 c. Marketing costs
 d. None of the above

QUESTION 2

For a trucking company, all of the fol

druw   52   3 Replies

kiavash

Scott used 4,000,000 from his savings account that paid an annual interest of 5 to purchase a ...

Scott used 4,000,000 from his savings account that paid an annual interest of 5 to purchase a ...

Scott used 4,000,000 from his savings account that paid an annual interest of 5 to purchase a hardware store. After one year, Scott sold the business for 4,100,000 . His accounting profits is:
 a. 300,000
 b. 100,000
 c. 80,000
 

drewsy20   44   2 Replies

drewsy20

Which of the following statements is true?

Which of the following statements is true?

Which of the following statements is true?
 a. Economic profits ignore implicit costs.
 b. Economic profits include implicit costs.
 c. Accounting profits include all of the opportunity costs.
 d. Economists consider sunk costs i

Canegang   42   2 Replies

Canegang

You own two different energy drink brands: Blue Cow and 600 minute energy.. If you reduce the price ...

You own two different energy drink brands: Blue Cow and 600 minute energy.. If you reduce the price ...

You own two different energy drink brands: Blue Cow and 600 minute energy.. If you reduce the price on Blue Cow,
 a. Sales of Blue Cow would increase, without any changes in sales for 600 minute energy..
 b. Sales of both Blue Cow and 600

hawkmom52   265   3 Replies

hannahzzq

A manager invests 400,000 in a technology that should reduce the overall costs of production. The ...

A manager invests 400,000 in a technology that should reduce the overall costs of production. The ...

A manager invests 400,000 in a technology that should reduce the overall costs of production. The company managed to reduce their cost per unit from 2 to 1.85 . All else equal, if the firm continues its production in the same economic environment, th

Derar   233   2 Replies

Derar

Which of the following is FALSE?

Which of the following is FALSE?

Which of the following is FALSE?
 a. To reduce cannibalization among products, reposition a product so that it does not directly compete with the other
  b. After acquiring a substitute product, raise prices on both the products
 c. A

Demi9192   82   3 Replies

cmccollum

After graduating from college, Jim had two choices. He can either move to Florida, from ...

After graduating from college, Jim had two choices. He can either move to Florida, from ...

After graduating from college, Jim had two choices. He can either move to Florida, from Philadelphia, where he can work as an analyst and earn 60,000 or he can stay in Philadelphia and work in a car dealership earning 59,000 . His opportunity cost of

mananshah90   29   3 Replies

anita

Firm X owns both a grocery store and the parking lot outside the grocery store. In order to increase ...

Firm X owns both a grocery store and the parking lot outside the grocery store. In order to increase ...

Firm X owns both a grocery store and the parking lot outside the grocery store. In order to increase the traffic at the store it must
 a. Decrease the prices on the goods sold in the store
 b. Decrease the parking rates
 c. All of the

Anyy   309   2 Replies

Anyy