Questions
Does a change in the fed funds rate really have an actual direct monetary influence on...

Does a change in the fed funds rate really have an actual direct monetary influence on the markets or is it nothing more than a perception? Explain please

In: Economics

Name and explain three serious problems associated with consumer interviews or surveys. Give an example of...

Name and explain three serious problems associated with consumer interviews or surveys. Give an example of each one.

In: Economics

The Civil Rights Movement achieved all of the following EXCEPT: A. reparations payments to the descendants...

  • The Civil Rights Movement achieved all of the following EXCEPT:

A.

reparations payments to the descendants of slaves

B.

the Voting Rights Act of 1965, which gave the federal government the right to strike down state voting regulations that were deemed discriminatory

C.

the gradual end of official racial segregation in schools

D.

the Civil Rights Act of 1964, which prohibited racial discrimination in hiring and in providing public accommodations

In: Economics

Suppose the demand curve for a product is vertical and the supply curve is upward sloping....

Suppose the demand curve for a product is vertical and the supply curve is upward sloping. If a unit tax is imposed in the market for this​ product, A. buyers bear the entire burden of the tax. B. buyers share the burden of the tax with government. C. the tax burden will be shared equally between buyers and sellers. D. sellers bear the entire burden of the tax.

Explain how a​ downward-sloping demand curve results from consumers adjusting their consumption choices to changes in price. A. When the price of a good rises​, the budget constraint shifts​ outward, leading consumers to buy less of that good. B. When the price of a good rises​, the marginal rate of substitution​ changes, leading consumers to buy less of that good. C. When the price of a good​ rises, this causes a negative income effect that is larger in absolute value than a corresponding positive substitution​ effect, leading consumers to buy less of that good. D. When the price of a good declines​, the ratio of the marginal utility to price rises​, leading consumers to buy more of that good. E.

When the price of a good​ declines, this causes positive substitution and income​ effects, leading consumers to buy more of that good. What is the difference between technology and technological​ change? A. Technology is when a firm is able to produce the same output using fewer ​inputs, while technological change is the process of using inputs to make output. B. Technology is the development of new​ products, while technological change is when a firm is able to produce the same output with fewer inputs. C. Technology is the process of using inputs to make​ output, while technological change is when a firm is able to produce more output using more inputs. D. Technology is the process of using inputs to make​ output, while technological change is when a firm is able to produce the same output using fewer inputs. E. Technology is the development of new​ products, while technological change is when a firm is able to produce more output with the same inputs.

A country that imports a substantial amount of gasoline every year imposed a​ $1.2 per gallon excise tax on​ gasoline, to be paid by sellers. The equilibrium price of gasoline prior to the tax was​ $4 per gallon. Gasoline being a necessary​ good, its demand curve is steep and the consumers had to bear the bulk of the tax burden. The​ post-tax price of gasoline went up to​ $5 per​ gallon, causing the​ country's media to claim that it was unfair that people should have to pay so high a price for such an important consumption item. They further believed that such a high tax was inefficient and could not be justified. Which of the following inferences can be drawn from this​ information? A. The sellers bear 1.2 percent of the entire tax burden. B. The consumers are bearing the entire burden of the tax. C. The burden on consumers would reduce if the tax was imposed on​ them, rather than the sellers. D. The sellers of gasoline now receive 20 cents less than the​ pre-tax price. E.

The deadweight loss of the tax is very high. If total utility increases at a decreasing rate as a consumer consumes more​ coffee, then marginal utility must A. remains constant. B. be negative. C. increase also. D. decrease.

In: Economics

A student borrowed a total of $120,500 from the living expenses loan under FASP. Assuming th...

A student borrowed a total of $120,500 from the living expenses loan under FASP. Assuming th annual interest rate is 1%, calculate the quarterly installment amount if she wants to pay off the debt in 5 years after graduation.

Need formula and answer only. Thanks.

In: Economics

A student applied for NLSPS to pay for his tuition in year 2, year 3 and...

A student applied for NLSPS to pay for his tuition in year 2, year 3 and year 4 of his undergraduate study. The tuition fee is $74,000 per year. Assuming the annual interest rate and the study interest rate are both 1.1132%, calculate the monthly installment amount to pay off the dent in 120 months after graduation.

Need formula and answer only. Thanks.

In: Economics

I. Suppose the inverse demand function for a monopolist’s product is given by ? = 150...

I. Suppose the inverse demand function for a monopolist’s product is given by ? = 150 − 2? and the total cost function is given by ?? = 100 + 30?

1. Determine the profit-maximizing price and quantity

2. Determine the maximum profits

II. Suppose the inverse demand function for a monopolistically competitive firm’s product is given by

? = 100 − 2?
and the cost function is given by ?? = 52 + 4?

1. Determine the profit-maximizing price and quantity

2. Determine the maximum profits.

In: Economics

Suppose the government is trying to decide whether to tax pollution units or distribute pollution permits....

Suppose the government is trying to decide whether to tax pollution units or distribute pollution permits. Graph each scenario. Which do you think would be more effective in reducing pollution?

In: Economics

Saudi Arabia has always been a popular country with Americans; current approval ratings are near 90%....

  1. Saudi Arabia has always been a popular country with Americans; current approval ratings are near 90%.
  1. True
  2. False

In: Economics

Please Use your keyboard (Don't use handwriting) Econ I need new and unique answers, please. (Use...

Please Use your keyboard (Don't use handwriting)

Econ

I need new and unique answers, please. (Use your own words, don't copy and paste)

Q: how supply, demand, and prices affect the auto industry. includes: supply and demand, public spending and the outcome.

In: Economics

How does the minimum wage affect efficiency and equity in the labor market?

How does the minimum wage affect efficiency and equity in the labor market?

In: Economics

My opinion about topic, group and presentation My opinion about topic : This subject very interesting...

My opinion about topic, group and presentation

My opinion about topic :

This subject very interesting and useful for me. I have been wanting to study this field for a long time but due to I was busy at university and so on, I could not. When I saw this subject on the table, I was surprised and chose to read and make report for it. Such studies, which paly an important role in my life, are very important for me. in addition to studying, also occasionally work in business like buying and selling flowers online. So this study help me to understand my work as much as possible.

My opinion about group :

I think I had a very good group( Ahsan, Abdelhamid and me). As the members of group followed all the necessary rules, there was no annoyance. The most important rule is respect to each other is that we all followed. The team did things on time and we all helped each other to give a very good presentation. My opinion about presentation : The only problem we had was how we going to present online. Since this was the fist time so strange to us. Since the teacher activated all necessary voting options for us on the blackboard, all our worries were resolved and we tried our best to present the presentation.

Requirement : Correct this text

In: Economics

The lamp industry is perfectly competitive. The price of a lamp is $50. A representative firm’s...

The lamp industry is perfectly competitive. The price of a lamp is $50. A representative firm’s cost function is TC=1000+20Q+5Q2.


h. What output for the representative firm will minimize ATC? (hint: use solver or find by solving MC=ATC, or if you are calculus whiz find ATC’=0)
i. Is the lamp industry in equilibrium? Why or why not?
j. Suppose total industry demand at P=$50 is 3000. How many firms are operating in the industry?
k. What would you expect to happen to future firm population in the lamp industry?
l. What would you expect to happen to future price in the lamp industry?
m. What industry price will result in LR industry equilibrium?

In: Economics

Predict the impact of each scenario described below on the labor market. Assume the labor market...

Predict the impact of each scenario described below on the labor market. Assume the labor market is originally in equilibrium, and then each scenario happens independently. (In other words, only a) happens; then only b) happens. Do not put them all on one graph or accumulate their effects.) Draw the labor market graph originally in equilibrium. Either denote movement(s) along or shift(s) in appropriate curves. Note whether employment and wages will increase or decrease.

c.   The firm is a monopsony. The state passes a competency test on potential employees.

In: Economics

1.Which of these statements describes an economy’s stock of human capital? A.Number of hours worked per...

1.Which of these statements describes an economy’s stock of human capital?

A.Number of hours worked per year.

B.Number of engineering degrees held by workers

C.Value of the production per type of worker.

2.Which factors would increase the aggregate production function?

A.Aging airport facilities that cause flight delays.

B.Restrictions on immigration.

C.A robot that fills up prescriptions faster and more accurately than pharmacists.

3.Which of the following would NOT directly result in capital deepening?

A.Increase in quality of physical capital.

B.Increase in quantity of physical capital.

C.Increase in amount of labor available to businesses start ups.

In: Economics