Suppose that a paper mill feeds a downstream box mill For the downstream mill the marginal profitability of

Question

Suppose that a paper mill feeds a downstream box mill. For the downstream mill, the marginal profitability of

producing boxes declines with volume. For example, the first unit of boxes increases earnings by $10, the second by $9, the third by $8, and so on, until the tenth unit increases profit by just $1.

The cost the upstream mill incurs for producing enough paper (one unit of paper) to make one unit of boxes is $3.50.

Assume the two mills operate as separate profit centers, and the paper mill sets the price of paper. It follows that the marginal profitability of boxes represents the highest price that the box division would be willing to pay the paper division for boxes.. Furthermore, assume that fixed costs are $0 for the paper mill.

The following table summarizes the quantity, total revenue, and marginal costs from the perspective of the paper mill for selling paper to the box mill at various prices.

In the following table, fill in the marginal revenue, total cost, and total profit for the paper mill when selling paper to the box mill at each given price.

If the paper mill sets the price of paper to sell to the box mill, it will set a price of ($1/$2/$3/$4/$5/$6/$7/$8/$9/$10) and sell (1/2/3/4/5/6/7/8/9/10) units of paper to the box mill. Profits will be $______for the paper mill. Companywide profits will be $______. (Hint: Recall that the prices in the table represent the marginal profitability of each unit of paper, or box, to the box mill.)

Suppose the paper mill is forced to transfer paper to the box mill at marginal cost ($3.50).

In this case, the box mill will demand (1/2/3/4/5/6/7/8/9/10) units of paper. This leads to companywide profits of $______.

Economics

Suppose that a paper mill feeds a downstream box mill For the downstream mill the marginal profitability of

Question

Suppose that a paper mill feeds a downstream box mill. For the downstream mill, the marginal profitability of

producing boxes declines with volume. For example, the first unit of boxes increases earnings by $10, the second by $9, the third by $8, and so on, until the tenth unit increases profit by just $1.

The cost the upstream mill incurs for producing enough paper (one unit of paper) to make one unit of boxes is $3.50.

Assume the two mills operate as separate profit centers, and the paper mill sets the price of paper. It follows that the marginal profitability of boxes represents the highest price that the box division would be willing to pay the paper division for boxes.. Furthermore, assume that fixed costs are $0 for the paper mill.

The following table summarizes the quantity, total revenue, and marginal costs from the perspective of the paper mill for selling paper to the box mill at various prices.

In the following table, fill in the marginal revenue, total cost, and total profit for the paper mill when selling paper to the box mill at each given price.

If the paper mill sets the price of paper to sell to the box mill, it will set a price of ($1/$2/$3/$4/$5/$6/$7/$8/$9/$10) and sell (1/2/3/4/5/6/7/8/9/10) units of paper to the box mill. Profits will be $______for the paper mill. Companywide profits will be $______. (Hint: Recall that the prices in the table represent the marginal profitability of each unit of paper, or box, to the box mill.)

Suppose the paper mill is forced to transfer paper to the box mill at marginal cost ($3.50).

In this case, the box mill will demand (1/2/3/4/5/6/7/8/9/10) units of paper. This leads to companywide profits of $______.

Economics

Looking for help with some questions looking for accuracy please 54 Most people would prefer to drive a

Question

Firms in perfectly competitive industries are unable to control the prices of the products they sell and are unable to earn a profit in the long run. Which of the following is one reason for this?

  1. Firms in these industries sell identical products.

b. Owners of perfectly competitive firms realize that their short-run profits are temporary. Therefore, they either sell their businesses or develop other products that will earn short-run profits.

Looking for help with some questions looking for accuracy please 54 Most people would prefer to drive a

Question

Firms in perfectly competitive industries are unable to control the prices of the products they sell and are unable to earn a profit in the long run. Which of the following is one reason for this?

  1. Firms in these industries sell identical products.

b. Owners of perfectly competitive firms realize that their short-run profits are temporary. Therefore, they either sell their businesses or develop other products that will earn short-run profits.

Question 1

Class, let me ask you the question above, read the Making the Connection short case

Part 1
Apple made entry into its market very easy by not introducing barriers. For example ,apple
should have monopolized its market for people like Ethan Nicholas to keep profits
consistently…
Economics

Question 1

Class, let me ask you the question above, read the Making the Connection short case

Part 1
Apple made entry into its market very easy by not introducing barriers. For example ,apple
should have monopolized its market for people like Ethan Nicholas to keep profits
consistently…
Economics

What is the difference between financial capital and capital goods?Which interest rate do we

Question

What is the difference between financial capital and capital goods?

Which interest rate do we

expect to converge with financial integration (real? nominal? risk-free?)

What is the Mundell Flemming Trilemma? Which option did most 19th century countries choose and was it a real choice?

Do differences in capital stock explain divergence?

Economics

What is the difference between financial capital and capital goods?Which interest rate do we

Question

What is the difference between financial capital and capital goods?

Which interest rate do we

expect to converge with financial integration (real? nominal? risk-free?)

What is the Mundell Flemming Trilemma? Which option did most 19th century countries choose and was it a real choice?

Do differences in capital stock explain divergence?

Economics

C++

CMPSC 101LAB 11 – Distance between two points with functions Prompt the user for two points
#include lt;iostreamgt;
// YOUR CODE GOES BELOW HERE
#includelt;cmathgt;
using namespace std;
double distance(double p1, double q1, double p2, double q2);
double distance(double p1, double q1,…

C++

CMPSC 101LAB 11 – Distance between two points with functions Prompt the user for two points
#include lt;iostreamgt;
// YOUR CODE GOES BELOW HERE
#includelt;cmathgt;
using namespace std;
double distance(double p1, double q1, double p2, double q2);
double distance(double p1, double q1,…

Suppose over time that a firm’s production process undergoes capitalsaving technological progress This implies

Question

Suppose over time that a firm’s production process undergoes capital-saving technological progress. This implies

(1) the isoquants corresponding to any particular level of output will shift outward from the origin and the MRTSL,K along any ray from the origin will increase.

(2) the isoquants corresponding to any particular level of output will shift outward from the origin and the MRTSL,K along any ray from the origin will decrease.

(3) the isoquants corresponding to any particular level of output will shift inward toward the origin and the MRTSL,K along any ray from the origin will increase.

(4) the isoquants corresponding to any particular level of output will shift inward toward the origin and the MRTSL,K along any ray from the origin will decrease.

why choose(3)?

When a production function can be expressed as q = min{aK, bL}, the relationship between capital and labour in the production function is that

(1) capital and labour are perfect substitutes, and the isoquants are linear.

(2) capital and labour must be combined in fixed proportions, and the isoquants are L-shaped.

(3) capital and labour are easily substituted, and the isoquants are convex to the origin.

(4) capital and labour are perfect substitutes, and the isoquants are L-shaped.

why choose (2)?

Suppose that capital and labour are perfect complements in a one-to-one ratio in a firm’s production function. The firm is currently at an efficient production level, employing an equal number of machines and workers. Suppose the cost of labour were to double and the cost of capital were to fall by half. If the firm wanted to produce the previous level of output, the firm would hire

(1) the same amounts of labour and capital.

(2) twice as much labour as capital.

(3) more labour and less capital.

(4) less labour and more capital.

why choose (1)?

Suppose in a particular production process that capital and labour are perfect substitutes so that three units of labour are equivalent to one unit of capital. If the price of capital is $4 per unit and the price of labour is $1 per unit, the firm should.

(1) employ labour only.

(2) employ capital only.

(3) use three times as much capital as labour.

(4) use three times as much labour as capital.

why choose (1)?

Economics

Suppose over time that a firm’s production process undergoes capitalsaving technological progress This implies

Question

Suppose over time that a firm’s production process undergoes capital-saving technological progress. This implies

(1) the isoquants corresponding to any particular level of output will shift outward from the origin and the MRTSL,K along any ray from the origin will increase.

(2) the isoquants corresponding to any particular level of output will shift outward from the origin and the MRTSL,K along any ray from the origin will decrease.

(3) the isoquants corresponding to any particular level of output will shift inward toward the origin and the MRTSL,K along any ray from the origin will increase.

(4) the isoquants corresponding to any particular level of output will shift inward toward the origin and the MRTSL,K along any ray from the origin will decrease.

why choose(3)?

When a production function can be expressed as q = min{aK, bL}, the relationship between capital and labour in the production function is that

(1) capital and labour are perfect substitutes, and the isoquants are linear.

(2) capital and labour must be combined in fixed proportions, and the isoquants are L-shaped.

(3) capital and labour are easily substituted, and the isoquants are convex to the origin.

(4) capital and labour are perfect substitutes, and the isoquants are L-shaped.

why choose (2)?

Suppose that capital and labour are perfect complements in a one-to-one ratio in a firm’s production function. The firm is currently at an efficient production level, employing an equal number of machines and workers. Suppose the cost of labour were to double and the cost of capital were to fall by half. If the firm wanted to produce the previous level of output, the firm would hire

(1) the same amounts of labour and capital.

(2) twice as much labour as capital.

(3) more labour and less capital.

(4) less labour and more capital.

why choose (1)?

Suppose in a particular production process that capital and labour are perfect substitutes so that three units of labour are equivalent to one unit of capital. If the price of capital is $4 per unit and the price of labour is $1 per unit, the firm should.

(1) employ labour only.

(2) employ capital only.

(3) use three times as much capital as labour.

(4) use three times as much labour as capital.

why choose (1)?

Economics

Please submit the answers with

explanations how you solve
in pdf file or word file
Question One
a. Given that there are no restriction on dumping of effluent
QS =QD
160,000 – 2000P = 40,000 + 2000P
4000P= 160,000- 40,000
P = 120000
4000
P =30
Therefore the output = 40,000…
Environmental Economics

There is

one question, and please use your word to explain it and be careful it is not about
. The violation of the key assumptions of a perfectly competitive markets lead to market failure and environmental problems. The first presumption for a perfectly
competitive market is the…
Environmental Economics

Please submit the answers with

explanations how you solve
in pdf file or word file
Question One
a. Given that there are no restriction on dumping of effluent
QS =QD
160,000 – 2000P = 40,000 + 2000P
4000P= 160,000- 40,000
P = 120000
4000
P =30
Therefore the output = 40,000…
Environmental Economics

There is

one question, and please use your word to explain it and be careful it is not about
. The violation of the key assumptions of a perfectly competitive markets lead to market failure and environmental problems. The first presumption for a perfectly
competitive market is the…
Environmental Economics

Analysis Unemployment Discuss the trends of unemployment rates over the past 10 years and provide your

Question

Analysis – Unemployment: Discuss the trends of unemployment rates over the past 10 years and provide your

objective analysis of the changes in unemployment and the current rates. Place extra emphasis on the periods where unemployment was either too high or too low (higher or lower than the natural rate of unemployment).Inflation: Discuss the trends of inflation rates over the past 10 years and their relationship with GDP growth and decline. Highlight the years that inflation was either higher or lower than usual and state the reason(s). Also state the effect of the high and low rates on GDP.

Economics

Analysis Unemployment Discuss the trends of unemployment rates over the past 10 years and provide your

Question

Analysis – Unemployment: Discuss the trends of unemployment rates over the past 10 years and provide your

objective analysis of the changes in unemployment and the current rates. Place extra emphasis on the periods where unemployment was either too high or too low (higher or lower than the natural rate of unemployment).Inflation: Discuss the trends of inflation rates over the past 10 years and their relationship with GDP growth and decline. Highlight the years that inflation was either higher or lower than usual and state the reason(s). Also state the effect of the high and low rates on GDP.

Economics

1

A) Describe the special characteristics of retailing?

B) What are the

Question One
Special Characteristics of Retailing
Market Orientation
This is the characteristic of retailing associated with retailing’s need for making decisions that
are different from time to…

The average revenue for product Q is given by AR = 200 3 5Q and the total cost of Q

Question

The average revenue for product Q is given by AR = 200 – 3.5Q and the total cost of Q

by:

STC = 500-6Q+3Q^2 Note: this is not a typical cubic function

a. Find the price function and then the TR function. Hint: another name for price is average revenue (AR).

b. Write the MR and MC functions below. Remember: MR = dTR/dQ and MC = dSTC/dQ.

c. What positive value of Q will maximize total profit? Remember, letting MR = MC signals the objective of total profit maximization. Solve MR = MC for Q. The value of Q you get should not be zero or negative)?

d. Use the price function found in (a) to determine the price per unit that will need to be charged at the Q found in (c). This will be the price you should ask for the total profit maximizing quantity.

e. What total profit will result from selling the quantity found in (c) at the price found in (d)? Hint: the profit function is found as TR – STC.

f. At what level of Q is revenue maximized? Remember, let MR = 0 and solve for Q. MR = 0 signals the objective of maximizing revenue.

g. At what level of Q is average profit per unit maximized? Hint: the average profit function is the total profit function found in (e) divided by Q. To find the level of Q that maximizes average profit, find the first derivative of average profit, set this derivative equal to zero and solve for Q.

h. What price per unit should be charged at the quantity found in (g)? Simply plug the Q you got in (g) into the same price function you found in (a) and also used in (d).

Economics

1

A) Describe the special characteristics of retailing?

B) What are the

Question One
Special Characteristics of Retailing
Market Orientation
This is the characteristic of retailing associated with retailing’s need for making decisions that
are different from time to…

The average revenue for product Q is given by AR = 200 3 5Q and the total cost of Q

Question

The average revenue for product Q is given by AR = 200 – 3.5Q and the total cost of Q

by:

STC = 500-6Q+3Q^2 Note: this is not a typical cubic function

a. Find the price function and then the TR function. Hint: another name for price is average revenue (AR).

b. Write the MR and MC functions below. Remember: MR = dTR/dQ and MC = dSTC/dQ.

c. What positive value of Q will maximize total profit? Remember, letting MR = MC signals the objective of total profit maximization. Solve MR = MC for Q. The value of Q you get should not be zero or negative)?

d. Use the price function found in (a) to determine the price per unit that will need to be charged at the Q found in (c). This will be the price you should ask for the total profit maximizing quantity.

e. What total profit will result from selling the quantity found in (c) at the price found in (d)? Hint: the profit function is found as TR – STC.

f. At what level of Q is revenue maximized? Remember, let MR = 0 and solve for Q. MR = 0 signals the objective of maximizing revenue.

g. At what level of Q is average profit per unit maximized? Hint: the average profit function is the total profit function found in (e) divided by Q. To find the level of Q that maximizes average profit, find the first derivative of average profit, set this derivative equal to zero and solve for Q.

h. What price per unit should be charged at the quantity found in (g)? Simply plug the Q you got in (g) into the same price function you found in (a) and also used in (d).

Economics

21 Team activities in the middle schoolA

Inhibit

Question

21 Team activities in the middle school

A. Inhibit

self-confidence

B. Inhibit individual skill development

C. Provide inappropriate learning experiences

D. Promote cooperative behavior

21 Team activities in the middle schoolA

Inhibit

Question

21 Team activities in the middle school

A. Inhibit

self-confidence

B. Inhibit individual skill development

C. Provide inappropriate learning experiences

D. Promote cooperative behavior

I think I know where the efficient level of emissions is I think it is is where the line for aggregate marginal

Question

I think I know where the efficient level of emissions is, I think it is is where the line for aggregate marginal

damage crosses the line for aggregate marginal abatement cost plus marginal enforcement costs, but I’m not sure is thats entirely correct. I’m not really sure why the efficient emissions tax is lower and I’m a little confused on how to figure that out. If anyone could help explain these two questions just a little, I would be very grateful. Thank you!

Aggregate Marginal
Abatement Cost
Aggregate Marginal
Damage
Aggregate Marginal Abatement Cost
plus Marginal Enforcement Costs
Emissions
(6.1) In the graph identify the efficient emissions tax and the efficient level of emissions.
(6.2) Explain why the efficient emissions tax is lower than the value that equates Aggregate
Marginal Damage to Aggregate Marginal Abatement Cost plus Marginal Enforcement Costs.
Economics

What are emission permits ? Illustrte with graph ? Make short note on international treaty in context of the

Question

What are emission permits.? Illustrte with graph.? Make short note on international treaty in context of the

environment?

higher? (3) What are emissions permits?
Illustrate with a graph.
a. If permits remain the same, what happens to price when an industrial
slow down
happens and the Aggregate MAC curve shifts upwards? b. What is tax interaction
effect? c. How do you implement permits when there are non-uniformly mixed
pollutants? (4) Write a short note (and your opinion) on international treaty
ormation in context of the
environment. What research could help in aiding this
process?
Economics

I think I know where the efficient level of emissions is I think it is is where the line for aggregate marginal

Question

I think I know where the efficient level of emissions is, I think it is is where the line for aggregate marginal

damage crosses the line for aggregate marginal abatement cost plus marginal enforcement costs, but I’m not sure is thats entirely correct. I’m not really sure why the efficient emissions tax is lower and I’m a little confused on how to figure that out. If anyone could help explain these two questions just a little, I would be very grateful. Thank you!

Aggregate Marginal
Abatement Cost
Aggregate Marginal
Damage
Aggregate Marginal Abatement Cost
plus Marginal Enforcement Costs
Emissions
(6.1) In the graph identify the efficient emissions tax and the efficient level of emissions.
(6.2) Explain why the efficient emissions tax is lower than the value that equates Aggregate
Marginal Damage to Aggregate Marginal Abatement Cost plus Marginal Enforcement Costs.
Economics

What are emission permits ? Illustrte with graph ? Make short note on international treaty in context of the

Question

What are emission permits.? Illustrte with graph.? Make short note on international treaty in context of the

environment?

higher? (3) What are emissions permits?
Illustrate with a graph.
a. If permits remain the same, what happens to price when an industrial
slow down
happens and the Aggregate MAC curve shifts upwards? b. What is tax interaction
effect? c. How do you implement permits when there are non-uniformly mixed
pollutants? (4) Write a short note (and your opinion) on international treaty
ormation in context of the
environment. What research could help in aiding this
process?
Economics

RE = rA + (D/E)[(1 TC)(rA rD)]I

Question

rE = rA + (D/E)[(1 – TC)(rA – rD)]

I

could use some help figuring out what this formula is meant to do

I believe i know what some of the letters stand for

rE = equity rate of return

D = Debt

E = Equity

TC = Tax rate

I’m not sure what value rA refers to though and I’m not sure what the formula as a whole is meant to solve

Economics

RE = rA + (D/E)[(1 TC)(rA rD)]I

Question

rE = rA + (D/E)[(1 – TC)(rA – rD)]

I

could use some help figuring out what this formula is meant to do

I believe i know what some of the letters stand for

rE = equity rate of return

D = Debt

E = Equity

TC = Tax rate

I’m not sure what value rA refers to though and I’m not sure what the formula as a whole is meant to solve

Economics

Suppose that we have an economy with four workers Paris H can teach 3 yoga lessons or make 20 lattes a shift

Question

Suppose that we have an economy with four workers. Paris H. can teach 3 yoga lessons or make 20 lattes a shift.

Kim K. can teach 2 yoga lessons or make 8 lattes a shift. Mike S. can teach 1 yoga lesson or make 40 lattes a shift. And Pauly D. can teach 4 yoga lessons or make 4 lattes a shift. Suppose customers are willing to pay $4 each for lattes and $15 for yoga lessons. a) Who should teach yoga? b)Who should pull lattes? c) How many lattes will the economy make and how many yoga lessons will it teach? Show the calculation of opportunity cost in your answer, and show how much revenue your solution brings. Assume that everyone will work a shift.

Need explanation in full detail

Economics

Suppose that we have an economy with four workers Paris H can teach 3 yoga lessons or make 20 lattes a shift

Question

Suppose that we have an economy with four workers. Paris H. can teach 3 yoga lessons or make 20 lattes a shift.

Kim K. can teach 2 yoga lessons or make 8 lattes a shift. Mike S. can teach 1 yoga lesson or make 40 lattes a shift. And Pauly D. can teach 4 yoga lessons or make 4 lattes a shift. Suppose customers are willing to pay $4 each for lattes and $15 for yoga lessons. a) Who should teach yoga? b)Who should pull lattes? c) How many lattes will the economy make and how many yoga lessons will it teach? Show the calculation of opportunity cost in your answer, and show how much revenue your solution brings. Assume that everyone will work a shift.

Need explanation in full detail

Economics

Monopolistic CompetitionMonopolistic competition

is the

Question

Monopolistic Competition

Monopolistic competition is the

most common market structure in industrialized countries, characterized by many sellers, with each selling a differentiated product in a market that is relatively easy to enter.

Consider the following four questions:

INC LAC
Cost and Revenue
P
AR
MIN
Excess Capacity
MK Ourput
Fig. 28.11. Excess Capacity under Mono-
polistic Competition
LMC
LAC
Cost and Revenue
AR – MR
N
Output
Fig. 28.12. Ideal or Socially…
Economics

Monopolistic CompetitionMonopolistic competition

is the

Question

Monopolistic Competition

Monopolistic competition is the

most common market structure in industrialized countries, characterized by many sellers, with each selling a differentiated product in a market that is relatively easy to enter.

Consider the following four questions:

INC LAC
Cost and Revenue
P
AR
MIN
Excess Capacity
MK Ourput
Fig. 28.11. Excess Capacity under Mono-
polistic Competition
LMC
LAC
Cost and Revenue
AR – MR
N
Output
Fig. 28.12. Ideal or Socially…
Economics

XYZ Labs—the sole producer of Diamatine (a prescription drug) — charges a price for the drug that is

Question

XYZ Labs—the sole producer of Diamatine (a prescription drug) — charges a price for the drug that is

significantly above the firm’s marginal cost. It takes XYZ Labs 10 years of research and development before products like Diamatine are finally sold in the market.

Do you think government regulators would be wise to impose price ceilings on Diamatine in order to bring the price in line with marginal costs?

I say no as the investment of costs over the 10 years would be significant

Economics

The

monopoly
market structure is characterized by a single seller,
selling a product with no

Question

The monopoly market structure is characterized by a single seller, selling a product with no

close substitutes in a market where there is some sort of barrier to entry.

Consider the following four questions:

Economics

The

monopoly
market structure is characterized by a single seller,
selling a product with no

Question

The monopoly market structure is characterized by a single seller, selling a product with no

close substitutes in a market where there is some sort of barrier to entry.

Consider the following four questions:

Economics

XYZ Labs—the sole producer of Diamatine (a prescription drug) — charges a price for the drug that is

Question

XYZ Labs—the sole producer of Diamatine (a prescription drug) — charges a price for the drug that is

significantly above the firm’s marginal cost. It takes XYZ Labs 10 years of research and development before products like Diamatine are finally sold in the market.

Do you think government regulators would be wise to impose price ceilings on Diamatine in order to bring the price in line with marginal costs?

I say no as the investment of costs over the 10 years would be significant

Economics

23

Assume that an economy’s velocity of money circulation (V) is 4 and its nominal GDP (P*Y) is $20

Question

23. Assume that an economy’s velocity of money circulation (V) is 4 and its nominal GDP (P*Y) is $20

trillion. How much money supply is enough for transaction in the economy? (Hint: apply Equation for Exchange)

23

Assume that an economy’s velocity of money circulation (V) is 4 and its nominal GDP (P*Y) is $20

Question

23. Assume that an economy’s velocity of money circulation (V) is 4 and its nominal GDP (P*Y) is $20

trillion. How much money supply is enough for transaction in the economy? (Hint: apply Equation for Exchange)

1 …

The marginal product of labor is the

a.
marginal revenue product minus the wage paid to the

Question

1. The marginal product of labor is the

a. marginal revenue product minus the wage paid to the

worker.

b. total amount of output divided by the total units of labor.

34.
The marginal product of labor is the

a.
marginal revenue product minus the wage paid to the worker.

b.
total amount of output divided by the total units of labor.

c.

1 …

The marginal product of labor is the

a.
marginal revenue product minus the wage paid to the

Question

1. The marginal product of labor is the

a. marginal revenue product minus the wage paid to the

worker.

b. total amount of output divided by the total units of labor.

34.
The marginal product of labor is the

a.
marginal revenue product minus the wage paid to the worker.

b.
total amount of output divided by the total units of labor.

c.

Hello i need help with

Solveing
7-th degree equation
using algebraic (variant: continuous)
functions
of
Hilbert’s Thirteenth Problem
Shreeram S. ABHYANKAR∗ Abstract
Some progress is made in Hilbert’s Thirteenth problem.
Résumé
Un certain progrès est réalisé dans le treizième problème de…

Hello i need help with

Solveing
7-th degree equation
using algebraic (variant: continuous)
functions
of
Hilbert’s Thirteenth Problem
Shreeram S. ABHYANKAR∗ Abstract
Some progress is made in Hilbert’s Thirteenth problem.
Résumé
Un certain progrès est réalisé dans le treizième problème de…

Assume that MPC​ = 0 80 when answering the following questions If government expenditures

Question

Assume that MPC​ = 0.80 when answering the following questions.

-If government expenditures

rise by ​$1.50 ​billion, calculate how much the aggregate expenditure curve will shift upward.

​$1.50 billion.

-Calculate the change in equilibrium real GDP per year. ​$7.5 billion.

******This is the portion I need help with please!!

1.If taxes increase by ​$2
Economics

Suppose there are two firms in an industry X and Y Demand for each firm’s product is

Question

Suppose there are two firms in an industry, X and Y. Demand for each firm’s product is,

respectively:

QDX = 90 – 3PX + 2PY

QDY = 90 – 3PY + 2PX

Both firms also face a constant marginal cost of 10 per unit: MCX = MCY = 10, and there are no fixed costs for either firm.

Using the example above as a guide, find the equations that characterize the best responses for each firm, expressing each firm’s optimal price in terms of the rival’s price:

Firm X’s best response:

Firm Y’s best response:

Firm X’s equilibrium price:

Firm Y’s equilibrium price:
Economics

Assume that MPC​ = 0 80 when answering the following questions If government expenditures

Question

Assume that MPC​ = 0.80 when answering the following questions.

-If government expenditures

rise by ​$1.50 ​billion, calculate how much the aggregate expenditure curve will shift upward.

​$1.50 billion.

-Calculate the change in equilibrium real GDP per year. ​$7.5 billion.

******This is the portion I need help with please!!

1.If taxes increase by ​$2
Economics

Suppose there are two firms in an industry X and Y Demand for each firm’s product is

Question

Suppose there are two firms in an industry, X and Y. Demand for each firm’s product is,

respectively:

QDX = 90 – 3PX + 2PY

QDY = 90 – 3PY + 2PX

Both firms also face a constant marginal cost of 10 per unit: MCX = MCY = 10, and there are no fixed costs for either firm.

Using the example above as a guide, find the equations that characterize the best responses for each firm, expressing each firm’s optimal price in terms of the rival’s price:

Firm X’s best response:

Firm Y’s best response:

Firm X’s equilibrium price:

Firm Y’s equilibrium price:
Economics

Suppose

Question

Suppose

that the two firms are able to form a cartel. Derive the output each firm will produce, the market price, and the total profit under the cartel solution.

Consider two firms, Firm A and Firm B, who compete as duopolists. Each firm produces a
homogeneous product.
The total inverse demand curve for the industry is P = 250 – (QA + QB). Firm A has a
total cost curve CA(Q) = 100 + Q2. Firm B has a total cost curve CB (QB) = 100 + 2QB.
Economics

Suppose

Question

Suppose

that the two firms are able to form a cartel. Derive the output each firm will produce, the market price, and the total profit under the cartel solution.

Consider two firms, Firm A and Firm B, who compete as duopolists. Each firm produces a
homogeneous product.
The total inverse demand curve for the industry is P = 250 – (QA + QB). Firm A has a
total cost curve CA(Q) = 100 + Q2. Firm B has a total cost curve CB (QB) = 100 + 2QB.
Economics

31 The nurse administrator reviews longitudinal hospitalbased data regarding nurse staffing and nursesensitive

Question

31. The nurse administrator reviews longitudinal, hospital-based data regarding nurse staffing and nurse-sensitive

patient outcomes. The data reveal that patient outcomes related to the development of pressure ulcers are better when the nurse-to-patient ratio is one nurse to four patients, as compared to staffing ratio of one nurse to six patients. What should the nurse administrator do with these data?

A) Ensure that more baccalaureate-prepared nurses are hired by the organization

B) Implement evidence-based practices tor prevention of pressure ulcers

C) Continue to collect data in order to prove that staffing affects patient outcomes

D) Develop a recommendation for changing the nurse-to-patient staffing ratio

45. When developing a quality improvement team to identify ways to improve the satisfaction of patients served by an outpatient clinic. who would be an essential member of the team?

A) A parking attendant

B) A phlebotomist

C) A risk manager

31 The nurse administrator reviews longitudinal hospitalbased data regarding nurse staffing and nursesensitive

Question

31. The nurse administrator reviews longitudinal, hospital-based data regarding nurse staffing and nurse-sensitive

patient outcomes. The data reveal that patient outcomes related to the development of pressure ulcers are better when the nurse-to-patient ratio is one nurse to four patients, as compared to staffing ratio of one nurse to six patients. What should the nurse administrator do with these data?

A) Ensure that more baccalaureate-prepared nurses are hired by the organization

B) Implement evidence-based practices tor prevention of pressure ulcers

C) Continue to collect data in order to prove that staffing affects patient outcomes

D) Develop a recommendation for changing the nurse-to-patient staffing ratio

45. When developing a quality improvement team to identify ways to improve the satisfaction of patients served by an outpatient clinic. who would be an essential member of the team?

A) A parking attendant

B) A phlebotomist

C) A risk manager

1 …

How might aquatic mammals be affected in a natural environment if a coat or outer shell was

Question

1. How might aquatic mammals be affected in a natural environment if a coat or outer shell was

compromised by pollution? How might bird species be affected?

The table above shows a split market with two demand curves D1=8Q and D2=141 5Q The firm has a consistent

Question

The table above shows a split market with two demand curves. D1=8-Q and D2=14-1.5Q. The firm has a consistent

marginal cost of $2 and fixed costs of $10. What is the profit maximizing quantity?

A
TC
MC
TRI
TR3
MR
8.00 14.00
10.00
0.00
0.00
7.00 12.50
12.00
2.00
7.00
12.50
6.00
11.00
6.00
11.00
14.00
2.00
12.00
22.00
4.00
8.00
5.00
9.50
16.00
2.00
15.00
28.50
2.00
5.00
4.00
8.00
18.00
2.00
16.00
32.00
0.00
2.00
5
3.00
6.50
20.00
2.00
15.00
32.50
-2.00
-1.00
6
2.00
5.00
22.00
2.00
12.00
30.00
4.00
4.00
1.00
3.50
24.00
2.00
7.00
24.50
6.00
-7.00
8 0.00 2.00
26.00 2.00
0.00
16.00
8.00
-10.00
Question 11.
The table above shows a split market with two demand curves: D, = 8 – Q and D. = 14 – 1.5Q. The firm
has a consistent marginal cost of $2 and fixed costs of $10. What is the profit-maximizing quantity?
a) 0
b) 1
c) 2
d) 3
e) 4
F) 5
g) 6
h) 7
8
i) None of the above
k) Impossible to know
Economics

1 …

How might aquatic mammals be affected in a natural environment if a coat or outer shell was

Question

1. How might aquatic mammals be affected in a natural environment if a coat or outer shell was

compromised by pollution? How might bird species be affected?

The table above shows a split market with two demand curves D1=8Q and D2=141 5Q The firm has a consistent

Question

The table above shows a split market with two demand curves. D1=8-Q and D2=14-1.5Q. The firm has a consistent

marginal cost of $2 and fixed costs of $10. What is the profit maximizing quantity?

A
TC
MC
TRI
TR3
MR
8.00 14.00
10.00
0.00
0.00
7.00 12.50
12.00
2.00
7.00
12.50
6.00
11.00
6.00
11.00
14.00
2.00
12.00
22.00
4.00
8.00
5.00
9.50
16.00
2.00
15.00
28.50
2.00
5.00
4.00
8.00
18.00
2.00
16.00
32.00
0.00
2.00
5
3.00
6.50
20.00
2.00
15.00
32.50
-2.00
-1.00
6
2.00
5.00
22.00
2.00
12.00
30.00
4.00
4.00
1.00
3.50
24.00
2.00
7.00
24.50
6.00
-7.00
8 0.00 2.00
26.00 2.00
0.00
16.00
8.00
-10.00
Question 11.
The table above shows a split market with two demand curves: D, = 8 – Q and D. = 14 – 1.5Q. The firm
has a consistent marginal cost of $2 and fixed costs of $10. What is the profit-maximizing quantity?
a) 0
b) 1
c) 2
d) 3
e) 4
F) 5
g) 6
h) 7
8
i) None of the above
k) Impossible to know
Economics

1 If firm’s collectively increase the level of markup that they charge on

goods and services, what effect will

Question

What is the expected effect of an increase in unemployment benefits on equilibrium outputand the equilibrium price level in the medium run?

A) Neither prices nor output will change

B) Prices will increase, while output will remain the same

c) Prices will increase, and output will decrease

D) Prices will increase, and output will increase

E) Prices will decrease, and output will increase

Economics

If firm’s collectively increase the level of markup that they charge on goods and service what effect will this

Question

if firm’s collectively increase the level of markup that they charge on goods and service, what effect will this

have on equilibrium output and the equilibrium price level in he medium run?

a) neither prices nor output will change

b) price will increase while output will remain the same

c) price will increase and output will decrease

d)price will increase and output will increase

e) price will decrease and output will increase

Economics

1 If firm’s collectively increase the level of markup that they charge on

goods and services, what effect will

Question

What is the expected effect of an increase in unemployment benefits on equilibrium outputand the equilibrium price level in the medium run?

A) Neither prices nor output will change

B) Prices will increase, while output will remain the same

c) Prices will increase, and output will decrease

D) Prices will increase, and output will increase

E) Prices will decrease, and output will increase

Economics

If firm’s collectively increase the level of markup that they charge on goods and service what effect will this

Question

if firm’s collectively increase the level of markup that they charge on goods and service, what effect will this

have on equilibrium output and the equilibrium price level in he medium run?

a) neither prices nor output will change

b) price will increase while output will remain the same

c) price will increase and output will decrease

d)price will increase and output will increase

e) price will decrease and output will increase

Economics

1 …

A representative firm in a perfectly competitive market has a total cost function:

ATC(q) =

Question

1. A representative firm in a perfectly competitive market has a total cost function:

ATC(q) =

72/q + 4 + 2q and MC(q) = 4 + 4q.

a. What is the firms fixed cost (FC) and variable cost (VC)?

b. Calculate the market price at which profits would be zero.

c. Calculate the profits or losses of the firms when price is $16.

d. The market demand is given by Qd = 2000 – 20p. In the long run, what will the market demand be? How many firms will there be?

I know the answer to A already, but i don’t know how to get the answer for the rest.

1 …

A representative firm in a perfectly competitive market has a total cost function:

ATC(q) =

Question

1. A representative firm in a perfectly competitive market has a total cost function:

ATC(q) =

72/q + 4 + 2q and MC(q) = 4 + 4q.

a. What is the firms fixed cost (FC) and variable cost (VC)?

b. Calculate the market price at which profits would be zero.

c. Calculate the profits or losses of the firms when price is $16.

d. The market demand is given by Qd = 2000 – 20p. In the long run, what will the market demand be? How many firms will there be?

I know the answer to A already, but i don’t know how to get the answer for the rest.

Global and Regional Integration

  • Determine one (1) benefit of a Free Trade Area (FTA) in an

Question

Global and Regional Integration

  • Determine one (1) benefit of a Free Trade Area (FTA) in an

emerging economy. Next, speculate on the primary risk(s) associated with the benefit that you determined, and suggest one (1) strategy geared toward mitigating the risk(s).

Economics

Global and Regional Integration

  • Determine one (1) benefit of a Free Trade Area (FTA) in an

Question

Global and Regional Integration

  • Determine one (1) benefit of a Free Trade Area (FTA) in an

emerging economy. Next, speculate on the primary risk(s) associated with the benefit that you determined, and suggest one (1) strategy geared toward mitigating the risk(s).

Economics

A …

List all of the micronutrients (vitamins and minerals) for which someone could fall

Question

a. List all of the micronutrients (vitamins and minerals) for which someone could fall

below 80% of the DRI.

b. Now give sample foods that someone would eat for EACH of the micronutrients that were less than 80% of the DRI. Include at least one food that is an excellent source of that micronutrients (at least 20%DV in one serving), serving size and amount for each micronutrient.

c. If your sodium intake is above 80%, please list it and give 3 ways you would decrease the amount of sodium in your diet.

Game theory is used in a number of areas in economics to analyze strategic behavior

What is the primary reason

Question

Game theory is used in a number of areas in economics to analyze strategic behavior. What is the primary reason

that it is used in analyzing oligopoly type market structures?

Select one:

a. The firms are producing differentiated products

b. In oligopoly, the decisions of each firm affect the other firms.

c. The demand curve facing the oligopolistic firms is perfectly inelastic

d. The demand curve the oligopolistic firm faces is downward sloping

e. The firms are producing a similar product

Economics

Game theory is used in a number of areas in economics to analyze strategic behavior

What is the primary reason

Question

Game theory is used in a number of areas in economics to analyze strategic behavior. What is the primary reason

that it is used in analyzing oligopoly type market structures?

Select one:

a. The firms are producing differentiated products

b. In oligopoly, the decisions of each firm affect the other firms.

c. The demand curve facing the oligopolistic firms is perfectly inelastic

d. The demand curve the oligopolistic firm faces is downward sloping

e. The firms are producing a similar product

Economics

A …

List all of the micronutrients (vitamins and minerals) for which someone could fall

Question

a. List all of the micronutrients (vitamins and minerals) for which someone could fall

below 80% of the DRI.

b. Now give sample foods that someone would eat for EACH of the micronutrients that were less than 80% of the DRI. Include at least one food that is an excellent source of that micronutrients (at least 20%DV in one serving), serving size and amount for each micronutrient.

c. If your sodium intake is above 80%, please list it and give 3 ways you would decrease the amount of sodium in your diet.

Fantasy Island is a closed economy and is characterized by the following

Question

Fantasy Island is a closed economy and is characterized by the following

equations:

Consumption: C = 400 + 0.80(Y – T)

Investment: I = 300 – 1500r

Government spending: G = 300

Taxes: T = 400

Real money demand: L = 0.4Y – 498i

Expected inflation: pe = 0

Production function: Y = K1/2L1/2

The nominal money supply = 707

Note: Interest rates, i and r, are expressed in decimal points, i.e., if r = 0.5, then r = 50%.

Suppose the IS-LM model can be used to describe Fantasy Island, and answer the following questions.

a) Derive the IS and LM equations for this economy.

b) Suppose we are in the base period, so the price level is fixed at 1.00. Calculate the resulting short-run equilibrium values of real output, real interest rate, investment, consumption, the government budget balance, the price level, and real money supply.

c) Suppose, in the long-run, 2000 (real) units of capital are utilized and 2000 workers are employed. Calculate the resulting long run (full-employment) equilibrium values of real output, real interest rate, investment, consumption, the government budget balance, the price level, and the real money supply.

d) Suppose autonomous consumption and autonomous investment both suddenly (and permanently) fall by 20%. Calculate the resulting (new) short-run equilibrium values of real output, real interest rate, investment, and consumption. Determine the unemployment rate that results in short-run equilibrium.

e) Suppose, instead, we are also told that when the economy was in long-run equilibrium (in part C, above) 100 people were unemployed. Further, when the shock hit the economy (in part D, above) no people have exited the labour force. Determine the unemployment rate that results in the short-run equilibrium from part D. What portion this unemployment is represented by cyclical unemployment and what portion is comprised of those in the natural rate (level of) unemployment (NRU).

f) When the economy returns to long-run equilibrium what unemployment rate should we expect to see? Explain why/when this makes sense.

g) Determine the (new) LR (full-employment) equilibrium values of real output, real interest rate, the price level, and the real money supply that result following the shock described in part D (above).

Economics

Fantasy Island is a closed economy and is characterized by the following

Question

Fantasy Island is a closed economy and is characterized by the following

equations:

Consumption: C = 400 + 0.80(Y – T)

Investment: I = 300 – 1500r

Government spending: G = 300

Taxes: T = 400

Real money demand: L = 0.4Y – 498i

Expected inflation: pe = 0

Production function: Y = K1/2L1/2

The nominal money supply = 707

Note: Interest rates, i and r, are expressed in decimal points, i.e., if r = 0.5, then r = 50%.

Suppose the IS-LM model can be used to describe Fantasy Island, and answer the following questions.

a) Derive the IS and LM equations for this economy.

b) Suppose we are in the base period, so the price level is fixed at 1.00. Calculate the resulting short-run equilibrium values of real output, real interest rate, investment, consumption, the government budget balance, the price level, and real money supply.

c) Suppose, in the long-run, 2000 (real) units of capital are utilized and 2000 workers are employed. Calculate the resulting long run (full-employment) equilibrium values of real output, real interest rate, investment, consumption, the government budget balance, the price level, and the real money supply.

d) Suppose autonomous consumption and autonomous investment both suddenly (and permanently) fall by 20%. Calculate the resulting (new) short-run equilibrium values of real output, real interest rate, investment, and consumption. Determine the unemployment rate that results in short-run equilibrium.

e) Suppose, instead, we are also told that when the economy was in long-run equilibrium (in part C, above) 100 people were unemployed. Further, when the shock hit the economy (in part D, above) no people have exited the labour force. Determine the unemployment rate that results in the short-run equilibrium from part D. What portion this unemployment is represented by cyclical unemployment and what portion is comprised of those in the natural rate (level of) unemployment (NRU).

f) When the economy returns to long-run equilibrium what unemployment rate should we expect to see? Explain why/when this makes sense.

g) Determine the (new) LR (full-employment) equilibrium values of real output, real interest rate, the price level, and the real money supply that result following the shock described in part D (above).

Economics

Assume that the marginal propensity to consume is equal to 0 85 If the government increased spending

Question

Assume that the marginal propensity to consume is equal to 0.85. If the government increased spending

by $Z, and the real GDP increased by $5000, what is the value of Z?

A)$750

B)$1000

C)$900

D)$800

Calculate the multiplier if the marginal propensity to consume (MPC) is equal to 0.99.

A)10000

B)1000

C)500

D)100

Suppose the government increases spending by $100, as a result real GDP will:

A)increase by less than $100.

B)increase by more than $100.

C)increase by $ 100.

D)none of the above.

If the marginal propensity to consume (MPC) is equal to 0.74, then the marginal propensity to save (MPS) is equal to:

A)0.25

B)0.26

C)0.2

D)0.1

Suppose the government increased spending by $100, and as a result real GDP increased by $2000. Calculate the marginal propensity to consume (MPC).

A)0.95.

B)0.9.

C)0.8.

D)0.7

Economics

Assume that the marginal propensity to consume is equal to 0 85 If the government increased spending

Question

Assume that the marginal propensity to consume is equal to 0.85. If the government increased spending

by $Z, and the real GDP increased by $5000, what is the value of Z?

A)$750

B)$1000

C)$900

D)$800

Calculate the multiplier if the marginal propensity to consume (MPC) is equal to 0.99.

A)10000

B)1000

C)500

D)100

Suppose the government increases spending by $100, as a result real GDP will:

A)increase by less than $100.

B)increase by more than $100.

C)increase by $ 100.

D)none of the above.

If the marginal propensity to consume (MPC) is equal to 0.74, then the marginal propensity to save (MPS) is equal to:

A)0.25

B)0.26

C)0.2

D)0.1

Suppose the government increased spending by $100, and as a result real GDP increased by $2000. Calculate the marginal propensity to consume (MPC).

A)0.95.

B)0.9.

C)0.8.

D)0.7

Economics

Price of good X is $1 50 and the price of good Y is $3 You have $45 to spend and your preferences over X and Y

Question

Price of good X is $1.50 and the price of good Y is $3. You have $45 to spend and your preferences over X and Y

are defined as:

U(x,y) = x2/3y1/3

a. Calculate the marginal utility of X (remember, this is the change in utility resulting from a slight increase in consumption of X).

MY TRY: MUx= 2/3 (x-1/3y1/3)

b. Calculate the Marginal Utility of Y

MY TRY: MUy= 1/3(x2/3y-2/3)

c. What is the optimal choice of X and Y given the PX = $1.50, PY = $3 and I = $45. This answer requires a numerical answer. £(X,Y) = x2/3y1/3 + λ(45 – 1.50X – 3Y)—this is a hint.

d. If Income is decreased to $81 (I1 = $81) calculate and show your work on how the optimal choice of X and Y change.

e. At an income of $81 and the price of good X is $1.50 and the price of good Y is $3, what is the total utility achieved given the Utility Function.

Economics

Price of good X is $1 50 and the price of good Y is $3 You have $45 to spend and your preferences over X and Y

Question

Price of good X is $1.50 and the price of good Y is $3. You have $45 to spend and your preferences over X and Y

are defined as:

U(x,y) = x2/3y1/3

a. Calculate the marginal utility of X (remember, this is the change in utility resulting from a slight increase in consumption of X).

MY TRY: MUx= 2/3 (x-1/3y1/3)

b. Calculate the Marginal Utility of Y

MY TRY: MUy= 1/3(x2/3y-2/3)

c. What is the optimal choice of X and Y given the PX = $1.50, PY = $3 and I = $45. This answer requires a numerical answer. £(X,Y) = x2/3y1/3 + λ(45 – 1.50X – 3Y)—this is a hint.

d. If Income is decreased to $81 (I1 = $81) calculate and show your work on how the optimal choice of X and Y change.

e. At an income of $81 and the price of good X is $1.50 and the price of good Y is $3, what is the total utility achieved given the Utility Function.

Economics

Someone who is risk neutral a) will buy insurance only if the insurance company

Question

Someone who is risk neutral:

a) will buy insurance only if the insurance company

sells it at cost.

b) sees the expected utility from the expected value of a gamble as greater than the actual utility that would be gained from the money if it were a sure thing.

c) has a decreasing marginal utility of income.

d) Will never engage in a gamble that has less than a 50% chance of winning.

Economics

Someone who is risk neutral a) will buy insurance only if the insurance company

Question

Someone who is risk neutral:

a) will buy insurance only if the insurance company

sells it at cost.

b) sees the expected utility from the expected value of a gamble as greater than the actual utility that would be gained from the money if it were a sure thing.

c) has a decreasing marginal utility of income.

d) Will never engage in a gamble that has less than a 50% chance of winning.

Economics

1 You will be viewing the movie

WALL STREET
by renting, buying or borrowing the film from the
Running head: WALLSTREET 1 Wall Street
Name
Institution WALLSTREET 2
Wall Street The movie is built around the characters of one Bud Fox who really wants to work with
Gordon GeKko who is one of the…
Economics

1 You will be viewing the movie

WALL STREET
by renting, buying or borrowing the film from the
Running head: WALLSTREET 1 Wall Street
Name
Institution WALLSTREET 2
Wall Street The movie is built around the characters of one Bud Fox who really wants to work with
Gordon GeKko who is one of the…
Economics