Questions
Two players take turns taking sticks from a pile of 16 sticks. Each player can take...

Two players take turns taking sticks from a pile of 16 sticks. Each player can take at most 3 sticks and at least 1 stick at each turn. Whoever takes the final stick wins the game. Describe in words the optimal strategy for each player. Is there a first-mover advantage in this game? Is there a second-mover advantage?

In: Economics

16. When a tax on a good is applied to the supplier and the supply is...

16. When a tax on a good is applied to the supplier and the supply is relatively more elastic than demand, but neither is completely elastic or completely inelastic, who pays the greater share of the tax? (select the single answer that is most correct) Group of answer choices

A. Producers pay the entire tax.

B. Consumers.

C. Producers.

D. Consumers pay the entire tax.

17. 2 pts What is the primary characteristic that determines whether the consumer or the producer pays more of a given tax on a good? (select the single answer that is most correct) Group of answer choices

A. The relative elasticity of supply and demand for the good.

B. Whether the tax is applied to the consumer or the producer by the government.

C. How high the price is.

D. The intent of the citizens.

18. 2 pts What is generally considered the result of international trade? (select the single answer that is most correct) Group of answer choices

A. Overall the domestic country suffers because those who benefit have smaller gains than the losses from those who suffer.

B. There are only winners with international trade.

C. Overall the domestic country benefits because those who benefit have greater gains than the losses from those who suffer.

D. There are only losers with international trade.

19. 2 pts Given that only capital is fixed in the short run, how is the correct long run average cost curve chosen? (select the single answer that is most correct) Group of answer choices

A. The curve that demonstrates the highest cost at the optimal quantity.

B. The curve that generates the lowest revenue at the optimal quantity.

C. The curve that generates the highest revenue at the optimal quantity.

D. The curve that demonstrates the lowest average cost at the optimal quantity.

20. 2 pts What is the general relationship between marginal cost and marginal product? (select the single answer that is most correct) Group of answer choices

A. Marginal cost increases much faster than marginal product increases.

B. As marginal product increases marginal costs decrease.

C. As marginal product increases marginal costs increase.

D. Marginal cost increases much faster than marginal product decreases.

In: Economics

You have purchased a machine costing ​$27 comma 00027,000. The machine will be used for two​...

You have purchased a machine costing

​$27 comma 00027,000.

The machine will be used for two​ years, and at the end of this​ time, its salvage value is expected to be

​$12 comma 00012,000.

The machine will be used

4 comma 0004,000

hours during the first year and

6 comma 0006,000

hours during the second year. The expected annual net savings will be

​$34 comma 00034,000

during the first year and

​$40 comma 00040,000

during the second year. If your interest rate is

1414​%,

what would be the equivalent net savings per machine​ hour?

In: Economics

Are markets a good mechanism for society to use to allocate oil use over time?

Are markets a good mechanism for society to use to allocate oil use over time?

In: Economics

You are an economic consultant for XYZ Corporation who reports to the VP of Finance, Maria...

You are an economic consultant for XYZ Corporation who reports to the VP of Finance, Maria Horowitz. You learned that multiple departments of your company are collaborating to create a presentation for a prospective client that explains how XYZ Corporation can help them improve their business. Maria has been asked to present on several financial aspects of an organization. She tasks you with developing the sections of the presentation relating to globalization. The potential client, named Fourevr Enterprises, mentions it mostly operates domestically, both in terms of production and selling, because it is unfamiliar with and apprehensive to engage in globalization efforts.

  • How does international trade affect Fourevr, both domestically and in international markets?
  • How can existing or potential changes in trade policies affect Fourevr’s operations?

In: Economics

Both markets and governments are inefficient. Explain why economists are concerned with the inefficiency and offer...

Both markets and governments are inefficient. Explain why economists are concerned with the inefficiency and offer a compelling economic argument as to how to minimize inefficiency

In: Economics

Describe local and global conditions that give rise to acts of terrorism. What conditions give rise...

Describe local and global conditions that give rise to acts of terrorism. What conditions give rise to terrorism? How do transnational crimes and funding overlap and flow?

In: Economics

how does the UN aid in international peacekeeping

how does the UN aid in international peacekeeping

In: Economics

Should the corporation have legal and ethical obligations to society beyond promoting the private interests—maximizing profits—of...

Should the corporation have legal and ethical obligations to society beyond promoting the private interests—maximizing profits—of shareholders? Compare Friedman’s critique of the doctrine of social responsibility with Glasbeek’s. Use Garrett and Steinbeck to illustrate these arguments.

In: Economics

define the social and detailed division of labor in reference to Braverman. provide examples as well...

define the social and detailed division of labor in reference to Braverman. provide examples as well for each of them

thank you

In: Economics

Stating that inflation is purely a monetary phenomenon can generate controversy. Inflation arises when the money...

Stating that inflation is purely a monetary phenomenon can generate controversy. Inflation arises when the money supply is increased relative to the demand for money.

Could the real interest rate be negative in practice? How about the nominal interest rate?

In: Economics

Research of the intra-industry trade contents the trade volume, value, industries, trends, comparison with inter-industry trade...

Research of the intra-industry trade contents the trade volume, value, industries, trends, comparison with inter-industry trade of exact two countries and some other related issues about Myanmar and China

In: Economics

Do you think No Child Left Behind was an effective test-based accountability program? Why or why...

Do you think No Child Left Behind was an effective test-based accountability program? Why or why not?

Do you think the United States should pursue more test-based accountability programs? Why or why not?

In: Economics

Explain the most recent monetary policy move by the Fed. Is this expansionary or contractionary policy?...

Explain the most recent monetary policy move by the Fed. Is this expansionary or contractionary policy? Why did the Fed choose to pursue this policy? What impacts of this policy do you observe? For best results, look up recent FOMC announcements.

This must be a real-life response regarding the United States.

In: Economics

With an aid of a fully labeled diagram, explain the difference between the long-run profits of...

With an aid of a fully labeled diagram, explain the difference between the long-run profits of a perfectly competitive firm and a monopolistic firm

In: Economics