3
.pdf
keyboard_arrow_up
School
Florida International University *
*We aren’t endorsed by this school
Course
308
Subject
Economics
Date
Feb 20, 2024
Type
Pages
14
Uploaded by DukeFireWolf26
Score for this quiz: 27
out of 23
Submitted Mar 6 at 6:33pm
This attempt took 69 minutes.
0 / 0 pts
Question 1
I promise to follow Cal Poly Humboldt's academic honesty policy and
not communicate with any other students in the class nor any other
individual while taking this quiz. I hereby agree that all of my answers
will be completed without the help of another person.
True Correct!
Correct!
False 1 / 1 pts
Question 2
How does the total amount of circulating FRNs change?
The Federal Reserve (Fed) increases or decreases its demand for
them.
Households and private businesses increase or decrease their demand
for them.
Correct!
Correct!
Households and the Treasury increase or decrease their demand for
them.
The Fed printed more of them and passed them around to households
and businesses.
The Bureau of Engraving and Printing (BEP) decided there should be
more or less dollars in the economy.
1 / 1 pts
Question 3
Congress and the Treasury department conduct monetary policy.
True False Correct!
Correct!
1 / 1 pts
Question 4
There are zero financial limits for Congress and the Treasury, though
there are several political, institutional, economic and real resource
limits.
True Correct!
Correct!
False 1 / 1 pts
Question 5
Your Answer:
How did Aristotle, Locke and Smith justify their barter origin story of
money?
They reasoned that money emerged from barter by deductive logic
alone. 1 / 1 pts
Question 6
Researchers who have chosen a more inductive approach investigating
empirically how money and banking actually works, have been more
likely to favor the view that money is not fundamentally a "physical
thing".
True Correct!
Correct!
False
1 / 1 pts
Question 7
Your Answer:
Why does the "loan" sit on the asset-side of a bank's balance sheet?
A loan is the IOU of the borrower(sits on the liability side of the
borrower), so its sits on the asset side of the bank
1 / 1 pts
Question 8
Since the federal government does not need your FRNs or electronic
DDs to spend now, what is the main reason it taxes people, banks,
non-banking businesses.
Create demand for government IOUs. Correct!
Correct!
Influence human behavior. Create revenue for the federal government. Change distribution of income and wealth. Reduce inflation. 1 / 1 pts
Question 9
Corresponding-counting is a non-abstract method of record keeping.
True Correct!
Correct!
False 1 / 1 pts
Question 10
Your Answer:
Why is primitive non-standard money considered limited purpose
money?
Money was not uniform and had differences in quality. It is limited in its
ability to function as money. It was an imprecise measuring rod. 1 / 1 pts
Question 11
According to Martin, why did so many limited-purpose units for
measuremen
t exist in the Middle Ages?
Many different people created them (bottom up) for use in general
contexts.
Correct!
Correct!
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
Question 1
Don't use Chatgpt otherwise I will
give unhelpful, Please give
accurate Correct answer
Assume that you are the team leader of strategic planning and advisory board of M/S
XYZ company. The company has decided to enter the market with a new electronic
product. Your team conducted a marker research and presented the following two
strategies along with the necessary data. Delete Strategy A: Build a large plant with an
estimated cost of 20,00,000 Rials. This altemative can face two states of nature on market
conditions: High demand with a probability of 0.70, or a low demand with a probability
of 0.30. If the demand is high, the company can expect to receive an annual revenue of
5,00,000 Rials for 7 years. If the demand were low the annual revenue would be only
1,00,000 Rials. Strategy B: Build a small plant with an estimated cost of 10,00,000 Rials.
This alternative also faces two states of nature: High demand with a probability of 0.70,
or a low demand with a probability of…
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
2- Valencia Products makes automobile radar detectors and assembles two models. LaserStop and
Speed Buster. The firm can sell all its produces. Both models use the same electronic components. Two
of these can be obtained only from a single supplier. For the next month, the supply of these is limited
to 4,000 of component A and 3,500 of component B. The number of each component required for each
product and the profit per unit are given in the table.
Components required /unit
A
Profit/unit
LaserStop
18
$124
SpeedBuster
12
8.
$136
a. Identify the decision variables, objective function, and constraints.
b. Mathematically formulate a linear optimization model.
C. Solve the problem using Excel Solver.
Solve the problem using Excel Solver
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
Two companies must collaborate to develop a new product. They must choose
between two products, product A or product B. While Company ABC has a patent
for product A, Company XYZ has a patent for product B. If a product gets
developed, the company without a patent must pay licensing fees of $200K. The
companies' profits (in $1000) are as follows:
Table 2: Product Innovation
ABC
Product A
Product B
XYZ
Product A Product B
300,100
0,0
1. What are the equilibria in pure strategies?
2. Which basic game does it resemble?
0,0
100,300
arrow_forward
FINITE REPETITION
Alice and Bob are playing a repeated game in which a certain stage game is played twice in succession. All behaviour in the first
period is observed by both players before the second period commences. In the stage game, Alice has 4 pure strategies and
Bob has 3 pure strategies.
How many pure strategies does Bob have in the repeated game? (If necessary, use a calculator to compute this number.)
1728
531441
12
1594323
67108864
16777216
20736
4
3
13
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.
arrow_forward
Help
Save
Suppose a corporation has two subsidiaries, one of which is unregulated and sells all of its output to the other, regulated subsidiary.
Permitted profits at the regulated subsidiary are equal to 10 percent of total costs. The initial profit picture for the subsidiaries is
provided in the table below:
Unregulated Subsidiary
Regulated Subsidiary
Total
$ 650,000
N/A
revenue
$ 350,000
$300,000
$1,000,000
$ 100,000
Total costs
Total profit
If the unregulated subsidiary doubles its selling price to the regulated subsidiary, what are the new profits at
Instructions: Enter your responses as a whole number.
(a) The unregulated subsidiary?
profit = $
(b) The regulated subsidiary?
profit = $
&
23
24
8.
*00
w/
%S4
arrow_forward
Help with this problem
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
PROBLEM NUMBER 1A farmer can plant up to 8 acres of land with wheat and barley. He can earn $5,000 for every acre he plants with wheat and $3,000 for every acre he plants with barley. His use of anecessary pesticide is limited by federal regulations to 10 gallons for his entire 8 acres. Wheat requires 2 gallons of pesticide for every acre planted and barley requires just 1 gallon per acre.
SOLUTION TO PROBLEM NUMBER 1let x = the number of acres of wheatlet y = the number of acres of barley.
let p = total profit that can be earned.
What is the objective function of this problem?
Type the correct objective function. of this problem.
arrow_forward
In a survey of 250 members of a local sports club, 125 members indicated that they plan to attend the next Summer Olympic Games, 75 indicated that they plan to attend the next Winter Olympic
Games, and 50 indicated that they plan to attend both games. How many members of the club plan to attend
(a) At least one of the two games?
members
(b) Exactly one of the games?
members
(c) The Summer Olympic Games only?
members
(d) None of the games?
members
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
The market demand for the newest smartphone is 1 million units. The selling price for the LG phone is $400.00. The cost is
$100 per unit. LG currently has market share of 10 percent. The marketing and sales expense is $5 million.
Assume market demand grows by 20%. Given the 20% increase in market demand, LG maintains its market share of 10%,
selling price of $400, unit cost of $100, and marketing and sales expense of $5 million. What is the new net marketing
contribution (NMC)?
O a. $36 million
Ob. $31 million
O. S7 million
O d. $12 million
arrow_forward
Subject:- economics
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
Select correct one
arrow_forward
Can you help me solve this? I'm having some trouble 2
arrow_forward
In game of matching coin, Player A win Rs. 8 if both coins show head and Rs. 1 if both are tails. Player B win Rs. 3 when coins do not match. Given the choice and being Player A or Player B, which would you choose and what would be your strategy.
Required: Solve the game by two person zero sum game (mixed strategy)
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
FINITE REPETITION
Alice and Bob are playing a repeated game in which a certain stage game is played twice in succession. All behaviour in the first period is observed by both players before the second period commences. In the stage game, Alice has 3 pure strategies and Bob has 2 pure strategies.
How many pure strategies does Bob have in the repeated game? (If necessary, use a calculator to compute this number.)
2
6
2187
3
36
64
7
729
128
216
Please do fast ASAP fast
arrow_forward
Question 1
Assume that you are the team leader of strategic planning and advisory board of M/S
XYZ company. The company has decided to enter the market with a new electronic
product. Your team conducted a marker research and presented the following two
strategies along with the necessary data. Delete Strategy A: Build a large plant with an
estimated cost of 20,00,000 Rials. This altemative can face two states of nature on market
conditions: High demand with a probability of 0.70, or a low demand with a probability
of 0.30. If the demand is high, the company can expect to receive an annual revenue of
5,00,000 Rials for 7 years. If the demand were low the annual revenue would be only
1,00,000 Rials. Strategy B: Build a small plant with an estimated cost of 10,00,000 Rials.
This alternative also faces two states of nature: High demand with a probability of 0.70,
or a low demand with a probability of 0.30,If the demand is high the company can expect
to receive an annual revenue of 3,00,000…
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
"While gasoline taxes and fuel economy
standards can both be effective in increasing
the number of miles per gallon in new vehicles,
gasoline taxes are superior means of
reducing emissions from the vehicle fleet."
True/False
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education
Related Questions
- Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardQuestion 1 Don't use Chatgpt otherwise I will give unhelpful, Please give accurate Correct answer Assume that you are the team leader of strategic planning and advisory board of M/S XYZ company. The company has decided to enter the market with a new electronic product. Your team conducted a marker research and presented the following two strategies along with the necessary data. Delete Strategy A: Build a large plant with an estimated cost of 20,00,000 Rials. This altemative can face two states of nature on market conditions: High demand with a probability of 0.70, or a low demand with a probability of 0.30. If the demand is high, the company can expect to receive an annual revenue of 5,00,000 Rials for 7 years. If the demand were low the annual revenue would be only 1,00,000 Rials. Strategy B: Build a small plant with an estimated cost of 10,00,000 Rials. This alternative also faces two states of nature: High demand with a probability of 0.70, or a low demand with a probability of…arrow_forwardNote:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forward
- 2- Valencia Products makes automobile radar detectors and assembles two models. LaserStop and Speed Buster. The firm can sell all its produces. Both models use the same electronic components. Two of these can be obtained only from a single supplier. For the next month, the supply of these is limited to 4,000 of component A and 3,500 of component B. The number of each component required for each product and the profit per unit are given in the table. Components required /unit A Profit/unit LaserStop 18 $124 SpeedBuster 12 8. $136 a. Identify the decision variables, objective function, and constraints. b. Mathematically formulate a linear optimization model. C. Solve the problem using Excel Solver. Solve the problem using Excel Solverarrow_forwardNote:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardTwo companies must collaborate to develop a new product. They must choose between two products, product A or product B. While Company ABC has a patent for product A, Company XYZ has a patent for product B. If a product gets developed, the company without a patent must pay licensing fees of $200K. The companies' profits (in $1000) are as follows: Table 2: Product Innovation ABC Product A Product B XYZ Product A Product B 300,100 0,0 1. What are the equilibria in pure strategies? 2. Which basic game does it resemble? 0,0 100,300arrow_forward
- FINITE REPETITION Alice and Bob are playing a repeated game in which a certain stage game is played twice in succession. All behaviour in the first period is observed by both players before the second period commences. In the stage game, Alice has 4 pure strategies and Bob has 3 pure strategies. How many pure strategies does Bob have in the repeated game? (If necessary, use a calculator to compute this number.) 1728 531441 12 1594323 67108864 16777216 20736 4 3 13arrow_forwardNote:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.arrow_forwardNote:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forward
- Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.arrow_forwardHelp Save Suppose a corporation has two subsidiaries, one of which is unregulated and sells all of its output to the other, regulated subsidiary. Permitted profits at the regulated subsidiary are equal to 10 percent of total costs. The initial profit picture for the subsidiaries is provided in the table below: Unregulated Subsidiary Regulated Subsidiary Total $ 650,000 N/A revenue $ 350,000 $300,000 $1,000,000 $ 100,000 Total costs Total profit If the unregulated subsidiary doubles its selling price to the regulated subsidiary, what are the new profits at Instructions: Enter your responses as a whole number. (a) The unregulated subsidiary? profit = $ (b) The regulated subsidiary? profit = $ & 23 24 8. *00 w/ %S4arrow_forwardHelp with this problemarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education