Questions
The demand curve for Widgets is given by QD = 125 + 1.5y - 25p +...

The demand curve for Widgets is given by QD = 125 + 1.5y - 25p + 30pG, where QD is the quantity of widgets demanded, y is the per capita income and pG is the price of Gizmos. An increase in the price of Widget itself will cause Group of answer choices:

movement along the demand curve.

demand increases.

demand shifts right.

demand shifts left.

In: Economics

Suppose that a firm had a production function given by: q=L0.25K0.75. The wage rate (w) is...

Suppose that a firm had a production function given by: q=L0.25K0.75. The wage rate (w) is $10 and the rental rate (r) is $10. Calculate the amount of labor the firm would hire when it produces 300 units of output in a cost-minimizing way. (Round to the nearest 2 decimal places if necessary.)

When you simplify, show steps please. I'm very confused

In: Economics

At minimum, answer the following questions Administrative Services What are two Joint Commission (JC) standards for...

At minimum, answer the following questions Administrative Services

  1. What are two Joint Commission (JC) standards for this department?
  2. What quality controls would be used in this department to ensure accurate documentation?
  3. What are the legal implications of errors in the department?
  4. How does this department interact with HIM?

*FOR ADMINISTRATIVE SERVICES*

In: Economics

As a result of a decrease in his wage rates, Tom decides to reduce his working...

As a result of a decrease in his wage rates, Tom decides to reduce his working hours .
a) Assuming that he has only 15 hours per day to allocate between leisure and work, illustrate graphically how his overall welfare will be affected.
b) Using the life cycle model, briefly explain the impact on Tom's current and future consumption choices.

The question also refers to intertemporal choice.

In: Economics

Your textbook’s author speaks to the use of rich media ads. Which of those mentioned do...

  1. Your textbook’s author speaks to the use of rich media ads. Which of those mentioned do you feel is the most important when developing an Integrated Marketing Communications (IMC) strategy? Why?
    • In addition, as you are crafting an IMC strategy, include the two most important traditional (old) media tools that might also be utilized. Why?
  2. What issues are likely to affect the future of mobile advertising? Explain.

In: Economics

Distiniguish clearly between a household's initial asset position and the change in that position. If a...

Distiniguish clearly between a household's initial asset position and the change in that position. If a household has negative saving, is that household necessarily a borrower in the sense of having a negative position in bonds?

In: Economics

2015 Tax Rates Tax Rate Single Married Filing Jointly Ordinary Income Taxable Income over To Taxable...

2015 Tax Rates
Tax Rate Single Married Filing Jointly
Ordinary Income Taxable Income over To Taxable Income over To
10% $0 $9,225 $0 $18,450
15% 9,225 37,450 18,450 74,900
25% 37,450 90,750 74,900 151,200
28% 90,750 189,300 151,200 230,450

Instructions: Round your final answer and all intermediate calculations to the nearest whole number.

Use the tax table to compute the taxes of someone who has a spouse and three children, has income of $135,000, and takes the standard deduction. The standard deduction is $6,300 for a single person and $12,600 for a married couple. Exemptions are $4,000 for each person in the household.

Taxes =

In: Economics

summary about US and EU relation after Donald Trump ?

summary about US and EU relation after Donald Trump ?

In: Economics

A sales employee generates sales revenue of either $1250 or $750, each with equal probability. A...

A sales employee generates sales revenue of either $1250 or $750, each with equal probability. A manager is paying the sales employee 25% of sales revenue, and the sales person has a utility function u(x) = x0.5. What is the lowest fixed salary (ie., independent of sales outcome) the manager can pay the employee instead, so that the sales person is not worse off? (a.)$887 (b.)$667.7 (c.)$453.5 (d.)$246.1

In: Economics

why it is efficient to produce only some goods instead of producing all goods required by...

why it is efficient to produce only some goods instead of producing all goods required by consumers?

In: Economics

3M is an innovative business. What makes the 3M company innovative as a business and personally?...

3M is an innovative business. What makes the 3M company innovative as a business and personally? Is 3M a company that largely pursues sustained innovation, or would you consider them a disruptor?

In: Economics

Explain how businesses can use price elasticity of demand to make decisions about whether to raise...

  1. Explain how businesses can use price elasticity of demand to make decisions about whether to raise or lower prices.

In: Economics

Suppose a country suddenly faces an unexpected but temporary fall in export demand so there is...

Suppose a country suddenly faces an unexpected but temporary fall in export demand so there is a temporary drop in current account, i.e. CA drops temporarily. The country has a fixed exchange rate for its currency. Use a DD-AA diagram to answer the following (you do not need to show the diagram, but you do need to write in words what happens on it).

a) Indicate any movement(s) of the curves on your diagram that can be observed as a result of this activity. Explain the reasons for the shift(s).

b) What happens to the exchange rate, E, as a result?

c) What happens to national income, Y, as a result?

In: Economics

Most aspects of foreign culture, like language, religion, gender roles, and problem-solving strategies, are hard for...

Most aspects of foreign culture, like language, religion, gender roles, and problem-solving strategies, are hard for the casual observer to understand. In what ways do Hollywood movies affect national culture outside the United States? What aspects of U.S. culture do Hollywood films promote around the world? Can you observe any positive effects of Hollywood movies on world cultures?

In: Economics

you are the manager of a firm that receives revenues of$20000 per year from product X...

you are the manager of a firm that receives revenues of$20000 per year from product X and $100,000 per year from product Y. The own price elasticity of demand for product X ia -2, and the cross -price elasticity of demand between product Y and X is -1.6.
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 1 percent?

In: Economics