1. . Suppose each ice cream truck has a marginal cost of $1.50 per ice cream cone sold and no fixed cost. Suppose the maximum number of ice cream cones sold by any one truck in a day is 100.

1. If the price of an ice cream cone is $2, how many ice cream cones does each truck want to sell?
2. If the industry is perfectly competitive will the price remain at $2 for an ice cream cone? If not, what will the price be?
3. If each ice cream truck sells exactly 100 ice cream cones a day and the demand for ice cream cones from ice cream trucks in the city is Q = 4400 - 1200P, how many ice cream trucks are there?

During the late 1970s and the first part of the 1980s, the Fed seemed to react in a counterintuitive manner to the 1970s oil shocks. Explain the reasoning behind the Fed's policy decisions and the effect that they had on the economy?

Would you worry about a trade deficit with one country? Why or why not? How would a trade deficit with the rest of the world be different?

1. The individual labor supply curve will be negatively sloped if the substitution effect of wages is:

Group of answer choices

a) Weaker than the income effect of wages.

b) Equal to the income effect of wages.

c) Stronger than the income effect of wages.

d) Negative.

2.

Ceteris paribus, if immigration to the United States increases the number of workers, the market labor-supply curve will shift to the:

Group of answer choices

a) Right and the equilibrium wage rate will fall.

b) Right and the equilibrium wage rate will rise.

c) Left and the equilibrium wage rate will fall.

d) Left and the equilibrium wage rate will rise.

3.

If consumers decide to buy fewer strawberries, then the:

Group of answer choices

a) Demand for strawberry pickers will fall.

b) Demand for strawberry pickers will rise.

c) Quantity demanded of strawberry pickers will fall.

d) Quantity demanded of strawberry pickers will rise.

4.

Other things being equal, higher wage rates will:

Group of answer choices

a)Decrease the supply of labor.

b)Increase the supply of labor.

c)Decrease the demand for labor.

d)Decrease the quantity demanded of labor.

5.

The marginal revenue product of labor is equal to:

Group of answer choices

a)The marginal physical product multiplied by the marginal revenue of the output.

b)The change in the quantity of labor divided by the change in total revenue.

c)The change in total output divided by the change in the quantity of labor.

d)The percentage change in total revenue divided by the percentage change in the quantity of labor.

6.

Other things being equal, a profit-maximizing employer will employ additional labor as long as:

Group of answer choices

a)The MPP of labor exceeds the MRP of labor.

b)The wage rate exceeds marginal revenue.

c)The cost efficiency of labor falls relative to other inputs.

d)The MRP of labor exceeds the wage rate.

7.

In Table 15.1, the marginal physical product of the third worker hired is:

Group of answer choices

a)15 units per hour.

b)4 units per hour.

c)3 units per hour.

d)5 units per hour.

8.

In Table 15.1, how many workers should be hired?

Group of answer choices

a)2

b)3

c)4

d)5

9.

If the elasticity of labor demand is -0.60, a 15 percent increase in the wage rate will induce a:

Group of answer choices

a)9 percent decrease in the quantity of labor demanded.

b)9 percent increase in the quantity of labor demanded.

c)4.0 percent decrease in the quantity of labor demanded.

d)4.0 percent increase in the quantity of labor demanded.

10.

If the elasticity of labor demand is -0.60, then as a result of the increase in the wage rate, total labor income will   _________.

Group of answer choices

a) increase because labor demand is elastic.

b)decrease because labor demand is elastic.

c)increase because labor demand is inelastic.

d) decrease because labor demand is inelastic.

Why would a company customize their promotional strategies/campaigns over standardizing the strategies/campaigns? Include examples.

11. A country has 50 million people, 30 million of whom are adults. Of the adults, 5 million are not interested in working, another 5 million are interested in working but have given up looking for work, and 5 million are still looking for work. Of those who do have jobs, 5 million are working part time but would like to work full time, and the remaining 10 million are working full time. How many discouraged workers does the country have?

A 5 million B 20 million C 10 million D 15 million

12. A patient with a rare disease has the same chance of survival as one with a common disease, thanks to the spillover effect.

True or False

13. Deflation is a decrease in the:

A average level of prices B velocity of money C exchange rate D inflation rate

14. The supply of savings curve shows the relationship between savings and:

A investment B income C the interest rate D age

15. A country has 24 million people in the labor force, and 21.5 million of them are employed. What is the unemployment rate in this country?

A 89.6% B 10.4% C 2.5% D 21.5%

16. The Fisher effect is the tendency of nominal interest rates to rise with the expected inflation rates.

True or False

17. Technological advances are generally expected to have  ____ spillovers.

A both positive and negative B negative C positive D no

18. Figure loanable funds expansion: In the accompanying figure, if the demand for loanable funds increased from Dlf to D1lf and the supply of loanable funds remains at Slf, the equilibrium interest rate will:

A increase to i1 temporarily and then return to i0 B fall below i0 C increase to i1 D remain at i0

19. Episodes of hyperinflation are caused by:

A moderately high rates of real GDP growth B extremely high rates of money growth C severe recessions D extreme economic booms

20. According to the textbook, one major reason for the increase in the female labor force participation rate after Worlds War II was:

A an increase in the overall production because of the baby boom B a decrease in the male labor force participation rate

   C an increase in the incentive to work D an increase in income taxes

(American Government)

How has the Internet made it easier to interact with, and influence, the bureaucracy?

(American Government)

What do you see as the biggest issue with bureaucracy, in its current form? What do you think would be more helpful in solving this problem? More political patronage or more focus on merit? Why?

Examples of companies using technology effectively for their (global) marketing campaigns.

(American Government)

What do you see as the biggest issue with bureaucracy, in its current form?

What is used as a “means of maintaining dollar values”? Please explain in detail and pls no handwriting.thanks!

Describe what production-related risks are? please explain in detail and please no handwriting. Thanks

The data in columns 1 and 2 in the table below are for a private closed economy.

a. Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy.

b. Now open up this economy to international trade by including the export and import figures of columns 3 and 4. Fill in columns 5 and 6 and determine the equilibrium GDP for the open economy. What is the change in equilibrium GDP caused by the addition of net exports?

c. What is the multiplier in this example?

The recently passed Coronavirus Relief package increased unemployment benefits by granting $600 a week (up to 4 months) to an unemployed individual, plus the normal unemployment benefit they would be entitled to (max $360 in Michigan); extended the duration of unemployment benefits another 13 weeks; makes former workers eligible (you need not have been laid off due to the pandemic). All of it is federally funded. Was this a good idea? What affects might there be on the labor markets? On the economy?