Questions
What is the relationship between information and decisions... bad or good? Think of fun dates versus...

What is the relationship between information and decisions... bad or good? Think of fun dates versus bad dates, divorces, stock purchases, etc. Acquisition of information is a real cost! Economists call such costs "transaction costs."

In: Economics

From the Book: Triangle: the fire that changed america Describe how the trial unfolded. What was...

  1. From the Book: Triangle: the fire that changed america

Describe how the trial unfolded. What was the defense strategy for the factory owners? What was the trial outcome?

In: Economics

Explain how the expected rate of return and the risk of an individual asset are measured.

Explain how the expected rate of return and the risk of an individual asset are measured.

In: Economics

Draw a neatly labelled LRAC curve with at least 3 SRAC curves contained within it and...

Draw a neatly labelled LRAC curve with at least 3 SRAC curves contained within it and explain how LRAC is used as an output planning mechanism for how much a firm should produce.

In: Economics

For the table shown, answer the following questions: Actual aggregate expenditure or output (Y) (billions of...

  1. For the table shown, answer the following questions:

Actual aggregate expenditure or output (Y)
(billions of $)

Consumption (C)
(billions of $)

Planned investment
(billions of $)

Government spending (G)
(billions of $)

Net exports (NX)
(billions of $)

Unplanned investment (inventory change)
(billions of $)

Future output tendency

350

200

60

90

60

400

220

450

240

500

260

550

280

  1. What is the marginal propensity to consume for households in this economy?
  2. Based on the assumptions of our aggregate expenditure model, fill in the columns for planned investment, government spending, and net exports. What is this type of expenditure called?
  3. For each level of actual aggregate expenditure, calculate unplanned inventory investment.
  4. What is the equilibrium level of aggregate expenditure in this economy? How do you know?
  5. For each level of actual aggregate expenditure, label the future output tendency as “increase,” “decrease,” or “same” based on what you expect to happen to future output. What relationship does this categorization have to your answer in part d?

In: Economics

For the table shown, answer the following questions: Actual aggregate expenditure or output (Y) (billions of...

  1. For the table shown, answer the following questions:

Actual aggregate expenditure or output (Y)
(billions of $)

Consumption (C)
(billions of $)

Planned investment
(billions of $)

Government spending (G)
(billions of $)

Net exports (NX)
(billions of $)

Unplanned investment (inventory change)
(billions of $)

500

300

150

100

50

600

350

700

400

800

450

900

500

  1. For each level of actual aggregate expenditure, calculate unplanned inventory investment.
  2. What is the equilibrium level of aggregate expenditure in this economy? How do you know?
  3. Suppose that planned investment increases by $50 billion. What is the new equilibrium level of aggregate expenditure in this economy?
  4. What is the marginal propensity to consume in this economy?

What is the expenditure multiplier in this economy

In: Economics

a) Change the right-hand-side value of one of the constraints. Be sure that, the updated tableau...

a) Change the right-hand-side value of one of the constraints. Be sure that, the updated
tableau is infeasible, and you are applying Dual Simplex Method. (Find a change that will
make the new tableau infeasible.)
b) Change the objective function coefficient of one of the decision variables. Be sure that,
the updated tableau is non-optimal, and you are applying Simplex Method. (Find a
change that will make the new tableau non-optimal.)
c) Find the validity range for one of the constraint’s right-hand-side value.
d) Find the optimality range for one of the decision variable’s objective function coefficient.
e) Add a new ≥ constraint into the model. Be sure that, the new constraint is not satisfied by
the current optimal solution and you are applying Dual Simplex Method. (Add a ≥
constraint that will make the new tableau infeasible.)
f) Add a new decision variable into the model. Be sure that, the new tableau is non-optimal,
and you are applying Simplex Method. (Add a new decision variable that will make the
new tableau non-optimal.)

In: Economics

Does political evolution bring benefits to society? Why or why not?

Does political evolution bring benefits to society? Why or why not?

In: Economics

Based on Metabical Forecasting Demand Harvard Case: 1) An Introduction describing the market the firm is...

Based on Metabical Forecasting Demand Harvard Case:

1) An Introduction describing the market the firm is competing in.
2) Identifying the Challenge(s) facing the firm
3) Strategic Alternative(s) available to the firm
4) Decision: Recommended Action(s)
5) Lessons learned from the case

In: Economics

Suppose New York wants to build a new facility to replace Madison Square Garden. Assume that...

Suppose New York wants to build a new facility to replace Madison Square Garden. Assume that the cost of building a new arena in midtown Manhattan is $2.5 billion and that all the costs occur right away. Also assume that New York will receive annual benefits of $110 million for the next 25 years, after which the new arena becomes worthless. Does it make financial sense to build the new facility if interest rates are 6 percent? At what interest rate will we be indifferent between accepting and rejecting this project? Make sure to show your work.

In: Economics

Describe the global marketers’ considerations and adjustments of research methodologies when conducting research.

Describe the global marketers’ considerations and adjustments of research methodologies when conducting research.

In: Economics

The franchisor from which Eric decides to take a franchise is called Fishy Fishy Fries, Inc.....

The franchisor from which Eric decides to take a franchise is called Fishy Fishy Fries, Inc.. Fishy Fishy Fries imposes on its franchisees’ certain standards of operation, personnel training methods and procedures for the dismissal of “unsatisfactory” employees. Discuss the issues raised by the desire of a franchisor to exercise a degree of control over its franchisees.

In: Economics

please fully explain the purpose of the Federal Trade Commission (FTC). Also, explain some of the...

please fully explain the purpose of the Federal Trade Commission (FTC). Also, explain some of the methods used to enforce the commission's authority. Also, give five examples when the FTC will take action

In: Economics

Essay question: Consumer Behavior is influenced by different factors. Explain giving examples of these factors in...

Essay question:

Consumer Behavior is influenced by different factors. Explain giving examples of these factors in short notes, showing the importance of studying consumer behavior.

In: Economics

For the table shown, answer the following questions: Actual aggregate expenditure or output (Y) (billions of...

  1. For the table shown, answer the following questions:

Actual aggregate expenditure or output (Y)
(billions of $)

Consumption (C)
(billions of $)

Planned investment
(billions of $)

Government spending (G)
(billions of $)

Net exports (NX)
(billions of $)

Unplanned investment (inventory change)
(billions of $)

Future output tendency

350

200

60

90

60

400

220

450

240

500

260

550

280

  1. What is the marginal propensity to consume for households in this economy?
  2. Based on the assumptions of our aggregate expenditure model, fill in the columns for planned investment, government spending, and net exports. What is this type of expenditure called?
  3. For each level of actual aggregate expenditure, calculate unplanned inventory investment.
  4. What is the equilibrium level of aggregate expenditure in this economy? How do you know?
  5. For each level of actual aggregate expenditure, label the future output tendency as “increase,” “decrease,” or “same” based on what you expect to happen to future output. What relationship does this categorization have to your answer in part d?

In: Economics