Economics

The base year is 2011. A country only produces Blu-ray players. The price of a Blu-ray player in 201

The base year is 2011. A country only produces Blu-ray players. The price of a Blu-ray player in 201

The base year is 2011. A country only produces Blu-ray players. The price of a Blu-ray player in 2011 was $100. The price of a Blu-ray player was $90 in 2012. The quantity of Blu-ray players produced in 2011 was 10,000 units and in 2012 was 10,500 un

Loraine   270   3 Replies

Anonymous

Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books

Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books

Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books and other educational supplies: $1,000. Further, during the term, you can only work part-time and earn $8,000 instead of your full-time salary of $20,

Tidy   1341   4 Replies

Dropx

Sandy's uncompensated demand for candy is given by the equation Q = 15/p, where Q is the quantity ...

Sandy's uncompensated demand for candy is given by the equation Q = 15/p, where Q is the quantity ...

Sandy's uncompensated demand for candy is given by the equation Q = 15/p, where Q is the quantity of candy and p is the price. When the price of candy rises from $1 to $3, the change in consumer surplus is
A) $16.5.
B) -$20.
C) -$

MrGrimey   1190   11 Replies

unExpected

A good salesperson can sell $1,000,000 worth of goods, while a poor one can sell only $100,000 worth ...

A good salesperson can sell $1,000,000 worth of goods, while a poor one can sell only $100,000 worth ...

A good salesperson can sell $1,000,000 worth of goods, while a poor one can sell only $100,000 worth of goods. Job applicants know if they are good or bad, but the firm does not. A firm will offer job applicants a choice between a fixed salary or a 2

Llanis   158   3 Replies

Chronos

Assume that P1=$3.00, P2=$4.50, P3=$6.00, P4=$12.50, P5=$18.50, Q1=90, Q2=160, and Q3=285. At a mini

Assume that P1=$3.00, P2=$4.50, P3=$6.00, P4=$12.50, P5=$18.50, Q1=90, Q2=160, and Q3=285. At a mini

Assume that P1=$3.00, P2=$4.50, P3=$6.00, P4=$12.50, P5=$18.50, Q1=90, Q2=160, and Q3=285. At
a minimum wage of $12.50, what amount of consumer surplus is transferred to producers? What is
the deadweight loss? At this minimum wage, there is

economic   47   1 Reply

bio_man

Recall that prior to the 19th century, incomes per capita were probably somewhere close to $500. ...

Recall that prior to the 19th century, incomes per capita were probably somewhere close to $500. ...

[html]Recall that prior to the 19th century, incomes per capita were probably somewhere close to $500. Imagine that it is the year 0 C.E. If incomes per capita had been $500 back then, and there had been sustained growth of just 0.3% per year since t

rbowen87   155   2 Replies

Anonymous

Suppose a country imports televisions. The country's supply and demand curves are shown in the ...

Suppose a country imports televisions. The country's supply and demand curves are shown in the ...

Another question I am so stuck on to do. I really dislike graphing

Suppose a country imports televisions. The country's supply and
demand curves are shown in the accompanying graph, along with the
initial world price of

s.h_math   465   9 Replies

Estella

Suppose two firms, Allstom from France, and Bombardier from Canada, are bidding on a contract to ...

Suppose two firms, Allstom from France, and Bombardier from Canada, are bidding on a contract to ...

[html]Suppose two firms, Allstom from France, and Bombardier from Canada, are bidding on a contract to replace train cars for the subway system in Mexico City. If they bid the same amount, they share the contract-

primewire   390   4 Replies

Anonymous

The figure below shows an individual firm in a perfectly competitive industry in which all firms ...

The figure below shows an individual firm in a perfectly competitive industry in which all firms ...

[html]The figure below shows an individual firm in a perfectly competitive industry in which all firms have joined together to form a cartel. This firm has agreed to restrict its output to 600 units per day and ra

apple321   199   2 Replies

Anonymous

The price elasticity of demand is measured as the percentage change in price divided by the ...

The price elasticity of demand is measured as the percentage change in price divided by the ...

The price elasticity of demand is measured as the percentage change in price divided by the percentage change in quantity demanded.

hiusy98   143   4 Replies

sofresh

FIGURE 6-2Refer to Figure 6-2. Suppose the price of X is $2, the price of Y is $1, the consumer's ...

FIGURE 6-2Refer to Figure 6-2. Suppose the price of X is $2, the price of Y is $1, the consumer's ...

[html]

Bapelol   92   3 Replies

Chrystatee

It is not uncommon for business professors to make a statement such as the following: "While economi

It is not uncommon for business professors to make a statement such as the following: "While economi

It is not uncommon for business professors to make a statement such as the following: "While economists are happy in their never-never land of economic theory, we business professors seriously study facts of the real world." According to yo

Sublight2097   655   8 Replies

bio_man

Suppose that government decides to create a license for widget makers. Only licensed widget makers ...

Suppose that government decides to create a license for widget makers. Only licensed widget makers ...

Suppose that government decides to create a license for widget makers. Only licensed widget makers are allowed to produce widgets. Moreover, only half of the current widget producers are eligible to obtain the license. What will happen with the suppl

Havakajs   174   2 Replies

Anonymous

Fill in the blank

Fill in the blank

Fill in the blank. Economics is the study of __ and its __

kk.baker16   72   1 Reply

bio_man

Introduction to Business ICT

Introduction to Business ICT

The _________ describes the systematic analysis of a firm's success in using funds that it has earmarked for its social responsibility goals.
Question 1 options:

charitable giving summary

social audit

social

MarkyTheBully   68   1 Reply

bio_man

The above figure shows the market demand curve for telecommunication while driving one's car (time ...

The above figure shows the market demand curve for telecommunication while driving one's car (time ...

The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). The current p

MrGrimey   133   2 Replies

Anonymous

Which of the following is not a cost posed by inflation?

Which of the following is not a cost posed by inflation?

Which of the following is not a cost posed by inflation?
A) Inflation reduces the affordability of goods and services to the average consumer.
B) The money that consumers and firms hold loses its purchasing power.
C) Firms must pay for

Tidy   549   4 Replies

Chimelo46

A farmer lives on a flat plain next to a river. In addition to the farm, which is worth $F, the ...

A farmer lives on a flat plain next to a river. In addition to the farm, which is worth $F, the ...

A farmer lives on a flat plain next to a river.  In addition to the farm, which is worth $F, the farmer owns financial assets worth $A.  The river bursts its banks and floods the plain with probability P, destroying the farm.  If the f

corie   139   2 Replies

Anonymous

Since last year, the price of gold has risen from $1100 to $1420. What annual inflation rate would ...

Since last year, the price of gold has risen from $1100 to $1420. What annual inflation rate would ...

Since last year, the price of gold has risen from $1100 to $1420.  What annual inflation rate would leave the real price of gold unchanged over the last twelve months?
A) Approximately 29%
B) 40%
C) Approximately 71%
D) 320%

Satsume   151   3 Replies

Bart_arg

The above figure shows the market demand curve for telecommunication while driving one's car (time ...

The above figure shows the market demand curve for telecommunication while driving one's car (time ...

The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). The current price is 35¢ per minute. If the price were to increase by ten cents per minute, consumer surplus would
A

MrsAngelD   135   2 Replies

Anonymous

Suppose you are advising the government on changes in the gasoline market. The current price is ...

Suppose you are advising the government on changes in the gasoline market. The current price is ...

[html]Suppose you are advising the government on changes in the gasoline market. The current price is $1.00 per litre and the quantity demanded is 2.5 million litres per day. Short-run price elasticity of demand is constant at 0.3. If the supply of g

farendrn   123   2 Replies

Anonymous

Data shows that United States college students purchase more e-books than German college students. ...

Data shows that United States college students purchase more e-books than German college students. ...

Data shows that United States college students purchase more e-books than German college students. Assuming that all students have identical preferences for e-books and textbooks, what is the likely explanation for this result?
A) Taxes on textbooks

jkaur2017   171   3 Replies

Ceren Celik

Which if the following is a key difference between profit-oriented institutions (such as small ...

Which if the following is a key difference between profit-oriented institutions (such as small ...

Which if the following is a key difference between profit-oriented institutions (such as small businesses) and non-profit institutions

tbryant   256   3 Replies

Cdfields

To economize means to (Multiple Choice Question)

To economize means to (Multiple Choice Question)

To economize means to
A) allocate available resources in a way that yields the most value to the economizer.
B) behave in a selfish rather than generous manner.
C) conserve as much as possible for future use.
D) put economic theor

Sublight2097   393   5 Replies

IloveChi

A price-making business must follow the one-price rule and faces the following demand schedule: at ...

A price-making business must follow the one-price rule and faces the following demand schedule: at ...

A price-making business must follow the one-price rule and faces the following demand schedule: at prices of $7, $6, $5, $4, and $3, quantity demanded is 300, 400, 500, 600, and 700 units respectively. If the business's marginal cost is constant

Tragamin   1727   8 Replies

Anonymous

Suppose the real exchange rate between U.S. goods and European goods is 0.8. Acc

Suppose the real exchange rate between U.S. goods and European goods is 0.8. Acc

help

hscbio   284   1 Reply

bolbol

Littering is a negative externality because that litter

Littering is a negative externality because that litter

Littering is a negative externality because that litter
A) creates external benefits for other people.
B) creates internal benefits for the person who litters.
C) imposes external costs on the person who litters.
D) imposes intern

jhaygood86   646   3 Replies

holyman

A radiologist buys a new x-ray machine from General Electric to use in her medical practice. This x-

A radiologist buys a new x-ray machine from General Electric to use in her medical practice. This x-

A radiologist buys a new x-ray machine from General Electric to use in her medical practice. This x-ray machine is included in GDP as:
A) a service.
B) a durable consumption good.
C) part of gross private domestic investment.
D) a

NYC   463   4 Replies

Jesslyn

A local retailer has decided to carry a well-known brand of shampoo. The marketing department tells ...

A local retailer has decided to carry a well-known brand of shampoo. The marketing department tells ...

A local retailer has decided to carry a well-known brand of shampoo.  The marketing department tells them that the quarterly demand by an average man is:    
   Qd = 3 - 0.25P
and the quarterly demand by an average woman is:    
   Qd =

Satsume   519   3 Replies

Canih

The diagram below shows the supply and demand diagrams for the competitive market for honey in one ...

The diagram below shows the supply and demand diagrams for the competitive market for honey in one ...

[html]The diagram below shows the supply and demand diagrams for the competitive market for honey in one region. MC0 represents pr

danny2012   99   2 Replies

Anonymous

When a businesswoman is convicted of a civil offence under the Competition Act, she may

When a businesswoman is convicted of a civil offence under the Competition Act, she may

When a businesswoman is convicted of a civil offence under the Competition Act, she may
A) be sent to jail.
B) be named as a "fellow" to the Order of Canada.
C) be fined.
D) have her business turned into a Crown corpora

Tragamin   906   3 Replies

Aryan

Boone Hobbies, a wholesaler, has a sales budget for next month of $600,000. Cost of units sold is ...

Boone Hobbies, a wholesaler, has a sales budget for next month of $600,000. Cost of units sold is ...

Boone Hobbies, a wholesaler, has a sales budget for next month of $600,000. Cost of units sold is expected to be 40 percent of sales. All units are paid for in the month following purchase. The beginning inventory of units is $20,000, and an ending a

12

dxpayne   1913   22 Replies

Anonymous

Five players are given $10 each and asked to contribute any portion of it to a group account. They ...

Five players are given $10 each and asked to contribute any portion of it to a group account. They ...

Five players are given $10 each and asked to contribute any portion of it to a group account. They are also told that the total collection will be doubled and distributed equally among each of them. In this case, the players are likely to contribute

AndrewKraus   197   4 Replies

Simpleman

The demand curve for pizza in Foodieland is vertical. If a tax is imposed on each pizza bought, ...

The demand curve for pizza in Foodieland is vertical. If a tax is imposed on each pizza bought, ...

The demand curve for pizza in Foodieland is vertical. If a tax is imposed on each pizza bought, ________.
A) the burden of the tax will fall entirely on the buyers
B) the burden of the tax will fall entirely on the sellers
C) the tax i

tuggy   267   4 Replies

Sudzbury

Suppose a tornado ravages a city, causing 5 million dollars in expenditures on new construction and

Suppose a tornado ravages a city, causing 5 million dollars in expenditures on new construction and

Suppose a tornado ravages a city, causing 5 million dollars in expenditures on new construction and healthcare for the victims. Those new expenditures
A) would be added to the gross domestic product account.
B) would be subtracted from the

Sublight2097   583   4 Replies

Sydnie

Scenario: 100 people live in Country X, and 60 of these people are working full time. Tara and Jen ...

Scenario: 100 people live in Country X, and 60 of these people are working full time. Tara and Jen ...

[html]Scenario: 100 people live in Country X, and 60 of these people are working full time. Tara and Jen have been able to find only part-time jobs. John, Peter, and Luna just had to close their coffee shop; and John and Peter are looking for a new b

onlineerica   100   3 Replies

Akabbett1

The following table shows the market demand schedule and supply schedule for notebooks. Price ($ per ...

The following table shows the market demand schedule and supply schedule for notebooks. Price ($ per ...

[html]The following table shows the market demand schedule and supply schedule for notebooks.

kristen299   131   3 Replies

shandaman13

Who among the following provides a productive service?

Who among the following provides a productive service?

Who among the following provides a productive service?
A) Bill, a talented software developer
B) Monica, a paid Washington, D.C. intern
C) Buggs, an illicit drug smuggler
D) All of the above.

Sublight2097   558   7 Replies

Sydnie

Emily's income is $400. She only buys goods X and Y.FIGURE 6-13Refer to Figure 6-13. When the price ...

Emily's income is $400. She only buys goods X and Y.FIGURE 6-13Refer to Figure 6-13. When the price ...

[html]Emily's income is $400. She only buys goods X and Y.

js56154   373   3 Replies

Anonymous

From which of the following is it least difficult to exclude free riders?

From which of the following is it least difficult to exclude free riders?

From which of the following is it least difficult to exclude free riders?
A) A library book
B) Landscaping on the edges of urban expressways
C) Police protection
D) Fireworks displays

Sublight2097   415   4 Replies

Sydnie