330 Answered Questions for the topic economics
Economic Systems and Macroeconomics
What is the main difference between command/planned economy and free market economy? If the US is capitalist leaning then the US use free market? Is UK capitalist leaning too?
Economics Labour Economics
3. By intent, education increases the productivity of labor. Suppose a country institutes effective public education so that the literacy and numerous rates within the country increase... more
A man bought a car in installment basis. If he pays P10,000 per month at a rate of 15% compounded monthly for 3 years, find the cash price and the accumulated amount of money for the car.
Find the demands for goods X and Y for agent
Agent B's preferences are given by:U (x,y) = y - ((x)^(-2))/2Which are quasi-linear preferencesBudget constraint is -> x*p +y = 10(Since p= price of good x, and Price of good y is normalized to... more
Economic math problem
Consider the following data from the market demand and supply for apartments. Rent Quantity demanded Quantity... more
Finding the New Level of Quantity Demanded
Consider the following hypothetical market. The equilibrium price is $10 and the equilibrium quantity is 20 units. The own-price elasticity of demand is -0.5 and the own-price elasticity of supply... more
What is the difference between multiplying and dividing percentages with 1 added to the percentages and not
rlocal currency = (1 + rforeign currency) x (1 + Expected inflationlocal currency ⁄ 1 + Expected inflationforeign currency) - 1vs.Country risk premium = Country default spread x (σequity ⁄... more
economics problem help thanksss
The following schedule of funds is available to form a sinking fund. Current year (n). $50,000n+ 1 $40,000n+2. $30,000 n+3 $20,000At the end of the fourth year, equipment costing $250,000. 00... more
Maximizing Tax Revenue Given Supply and Demand!
PS=10+QSPD=100-2QDIf the government imposes a per-unit (excise) tax in this market, what is the maximum tax revenue that the government can collect?
If we have a labor market characterized by the following equations Ld=-1+115 Ls=2W+16. What is the equilibrium wage and quantity of workers?
A product has a price elasticity of demand of 0.6, which means
A decrease in price of computer graphic cards for PCs... [homework]
a. the point on the line moving to the right b. the point on the line moving to the left c. the demand curve shifting to the right d. the demand curve shifting to the left
A increase in the price of grapes woul be shown as [homework]
a. the point on the line moving to the left b. the point on the line moving to the right c. the demand curve shifting to the left d. the demand curve shifting to the right
Consumer and Producer Surplus using only algebra to calculate
Calculate the consumer and producer surplus in the following market:Inverse Demand function: P = -2Q + 120 Supply function: P = 0.5Q + 20
Consumer and Producer Surplus using algebra to calculate
Calculate the consumer and producer surplus in the following market:Inverse Demand function: P = -Q + 12 Supply function: P = 2Q + 6
Expansionary monetary policies
Logically explain how expansionary monetary and fiscal policies help in avoiding recession
Bull Built, a design/build engineering company that has always given year-end bonuses in the amount of $4,000
Bull Built, a design/build engineering company that has always given year-end bonuses in the amount of $4,000 to each of its engineers, is hav-ing cash flow problems. The president said that... more
Create a paragraph using 5 of these words (8 sentences )
Scarcity shortage goods services consumer producer favors of production cost benefit analysis opportunity cost economicstrade offs
Economics- Terms of Trade
This question is based on output per unit of labor. (For context, this question is from a chapter on absolute and comparative advantage, opportunity costs, and terms of trade.) It is a fill in the... more
Chapter 6 Problem Set Name: _______________________ 1. Suppose that a firm uses both labor (L) and capital (K)
DescriptionChapter 6 Problem Set Name: _______________________ 1. Suppose that a firm uses both labor (L) and capital (K) as inputs and has the long-run production functionQ = F(L,K) =... more
How do you find a firm's best response function in an oligopsonistic labor market.
I was given a hint regarding monopsonies, but not sure how it would help. How would I maximize profit, do you assume their is 1 firm or 2?
The assembly line is an example of a way that technology is improved by new
If you draw a card with a value of four or less from a standard deck of cards, I will pay you $7. If not, you pay me $6. (Aces are considered the highest card in the deck.)
Step 1 of 2 : Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values.
Please answer my question regarding maths for finance and economics
A firm has using two inputs to produce a single output, Q . The Firm’s production function is Q=X1 1/2 X2 1/2 If input price of X1 and X2 are $2 and $8 per unit, respectively, get the necessary... more