Why do you think that college enrollments have flattened from 2010 to 2019 and are projected to be flat up to 2030? What was happening in 2010? How have the "marginal benefits" of going to college changed recently?
Q: When the model y = Bo+Bir+₂+u, was estimated, the 95 percent confidence inter- val for ₂ was (-0.12,…
A: In economics, hypotheses usually describe a connection in which one variable causes another to…
Q: Russia demands payment in the rouble, which is Russia's currency, for Russian gas instead of US…
A: Russian gas must be paid in roubles, Russia's currency, rather than dollars.
Q: Consider the price-taker market for sports jackets. The following graph shows the marginal cost…
A: in short run and long run the , the firm should continue the business of not it depends on the…
Q: With moderate 3% inflation, if a hamburger is costed $5 today (2016), how much it will become in…
A: The annual inflation rate is 3%, and it will remain the same. The cost of a hamburger in 2016 is $5
Q: Naked Economics: Undressing the Dismal Science Book by Charles Wheelan The most accurate way to…
A: Nacked Economics Nacked economic is a book that is based on the economy and economic facts. It…
Q: The price and quantity demanded of a particular smartphone app are shown in the table below.…
A: The curve that depicts various quantities of goods and services being demanded at various price…
Q: Consider a closed economy. A decrease in the price of goods that firms produce and an increase in…
A: When the amount of output required exceeds the amount of production produced. The total amount of…
Q: Question 12 For each of the following pairs of goods, tell me which of the two goods you predict…
A: At the marketplace, the demand will be more elastic for a product if there is relatively more…
Q: There are two firms, each having the option of polluting during production or cleaning up its…
A: Environmental Degradation refers to the situation where due to the emissions of pollutants from…
Q: A firm finds that its price elasticity of demand is 4.0. Currently, the firm is selling 2000 units…
A: An elastic demand is one in which the adjustment of quantity demanded because of an adjustment of…
Q: Consider the Solow model with Neoclassical Production Function and constant productivity. (a).…
A: This model is also known as the steady state equilibrium model since this theory states that in long…
Q: James enjoys having either a peanut butter sandwich or a bologna sandwich for his lunch. A drop in…
A: consumer equilibrium is the situation where consumer gets utility maximised with given level of…
Q: John has started a new job and wants to open a retirement account. He is now 26 years old and plans…
A: A cash flow is a monetary device used to address the sources of income related with a security,…
Q: 6. Pick which one you would personally prefer (this is all tax free): a. $1 million today b.…
A: This question can be answered with the understanding of the time value of money which states that…
Q: Consider the following estimated model Ipassen 8.26-0.6131fare +0.142 ldist, (0.078) (0.040)…
A: We have regression model where dependent variable is regressed on independent variables.
Q: The engineering team at Manuel's Manufacturing, Inc., is planning to purchase an enterprise resource…
A: The present worth method is an equivalence method that reduces a project's cash flows to a single…
Q: Scenario 10-1 The demand curve for gasoline slopes downward and the supply curve for gasoline slopes…
A: Here, private and social cost of gasoline at the quantity of 440 units is given with the benefits…
Q: - In a given market the supply curve is based on the following: producers an suppy at a price of 10…
A: Here producers can upon 100 units at a minimum price of 10. Here Marginal cost=10 Let the supply…
Q: 9) Which of the following can lead to an increase in the demand for Japanese yen compared to the…
A: The appreciation or depreciation of a currency depends upon its demand and supply in the…
Q: A company is considering two machines. Machine X has a first cost of $30,000, AOC of $18,000, and 5…
A: When comparing options, the AW method is commonly used. All earnings and expenses are converted into…
Q: Suppose the price of good X falls and the consumption of good X increases. From this we can infer…
A: Here, it is given that when there is a decrease in the price of good X, it will lead to increase the…
Q: Which of the following systems of political economy does NOT produce an economic surplus? o hunting…
A: There are different types of political and economic system that influence the overall working of the…
Q: If computers are like most goods and the price of computers chips fall, then holding all else…
A: Answer: A decrease in the cost of inputs leads to an increase in the supply of a good. As a result,…
Q: The interest rate effect states that as the aggregate price level decreases, all else equal, people…
A: Interest rate effect explains the negative slope of aggregate demand.
Q: 1. Suppose that the National Bank of Georgia increases the money supply. How would that affect the…
A: Inflation is the pace of expansion in costs over a given timeframe. Inflation is normally a wide…
Q: Question 18 If the nominal exchange rate in Australia appreciates, then: The real exchange rate in…
A: Here, it is given that the Australian currency appreciates in the international market.
Q: Which of he following sections of an insurance contract limits coverage? A.Waiver of Premium…
A: An insurance contract is an agreement between two parties, one of whom is known as the insurer and…
Q: True or false In technical analysis the larger the number of days used in a moving average, the…
A: When talking about the value of currency, any change in it will lead.to affect the imports and…
Q: . 200 400 600 900 OUTPUT (Billions of dollars) AS AD 1000 1200 ܘ ܘ AD AS
A: AS is the complete amount of output firms will deliver and sell — as such, the genuine GDP. AD is…
Q: Discuss and illustrate expansionary fiscal policy will have on the Australian dollar's exchange rate…
A: A government generally regulates the market through fiscal measures, the measures can be of two…
Q: What is monopolistic competition?
A: The structure of the market is classified on the basis of the number of buyers and sellers, product…
Q: nsider the competitive market for dress shirts. The following graph shows the marginal cost (MC),…
A: A shutdown point is a degree of tasks at which an organization encounters no advantage for…
Q: Month Units produced Total Cost Jan 600.00 16,000.00 Feb 800.00 18,000.00 March 1,100.00 20,000.00…
A: (1) (2) (3) (4) (5) (6) (7) Month Total Cost(y) Difference From Average Number of units (x)…
Q: If the marginal propensity to consume is zero, a temporary tax increase leads to a small decrease in…
A: In an economy, if marginal propensity to consume is zero, it is the situation when an increase in…
Q: Time left 0:14 A company is considering two machines. Machine X has a first cost of $30,000, AOC of…
A: In the annual worth analysis, we find equivalent annual values of all the cash flows.
Q: 2 industrial concentration in the united states with four firm ratio and eight firm ratio
A: Concentration within an industry can be defined as the extent to which a small number of firms…
Q: Discuss how MDGs and SDGs are integrated into the economic planning of Bangladesh.
A: In contrast to the MDGs, which only target agricultural nations, the SDGs apply to all nations,…
Q: In ES, smaller values of a will produce forecasts which react more quickly to changes in the demand…
A: Exponential smoothing is a period series forecasting strategy for univariate data that can be…
Q: Which of the following reports has the primary purpose lo inform an insurance company about a…
A: Medical insurance is a form of insurance that covers all or part of a person's risk of incurring…
Q: u. ncense. 4. The federal agency that monitors product safety for items such as cosmetics, food…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: To earn extra money in the summer, you grow tomatoes and sell them at a compost to your garden, you…
A: Use the below formula to fill the table: Additional pounds of tomatoes = Pounds of tomatoes at n…
Q: A company that manufactures magnetic membrane switches is investigating two production options that…
A: "Since you have posted multiple questions, as per guidelines,we are supposed to solve only first…
Q: Calculate the present worth of 9 uniform payments of $8,400 that begin 1 year from now at an…
A: Present worth implies, in the event of a Financial Offer containing Financial Consideration…
Q: The market impact of trading contributes to trade implementation shortfall. True False
A: The difference between the current price or value at the moment a buy or sell decision is made on a…
Q: Which of the following statements is correct? O a. MARR is set higher than the WACC b. MARR is set…
A: Note: We will answer one question as the exact one was not specified. Please resubmit a new question…
Q: 23, Abiola, a programmer, earned $35,000 in 2015, but in 2016, he began to manufacture body boards.…
A: Abiola, a programmer, earned $35,000 in 2015, but in 2016, he began to manufacture body boards. He…
Q: discuss the notion of efficient markets when extended to international financial markets.
A: According to the Efficient Market, all stocks trade at their true value. The idea believes that…
Q: 1.Tax rates, deductions entitlement and tax treatments depend on whether the taxpayer is a resident…
A: Individuals' status as residents or non-residents determines whether they can claim personal…
Q: Which of the following is an example of second-degree price discrimination? an airline company that…
A: Price discrimination refers to the practice of charging different prices to different consumers.
Q: Determine how the following events Will currency (such as the Philippine peso) in relation to a…
A: Since you have posted a question with multiple subparts, we will solve the first three subparts for…
Step by step
Solved in 2 steps
- Suppose Americans decide to save more of theirincomes. If banks lend this extra saving to businessesthat use the funds to build new factories, how mightthis lead to faster growth in productivity? Who doyou suppose benefits from the higher productivity? Issociety getting a free lunch?You just got a job in Washington, D.C. You moveinto an apartment with some acquaintances. All yourroommates, however, are slackers and do not clean upafter themselves. You, on the other hand, can clean fasterthan each of them. You determine that you are 70%faster at dishes and 10% faster with vacuuming. All ofthese tasks have to be done daily. Which jobs shouldyou assign to your roommates to get the most free timeoverall? Assume you have the same number of hours todevote to cleaning. Now, since you are faster, you seemto get done quicker than your roommate. What sortsof problems may this create? Can you imagine a traderelated analogy to this problem?13. A layperson says that a proposed government project simplycosts too much and therefore shouldn’t be undertaken.How might an economist’s evaluation be different?14. Economists say that individuals make decisions at themargin. What does this mean?15. How would an economist define the efficient amount oftime spent playing tennis?16. Ivan stops studying before the point at which his marginalbenefits of studying equal his marginal costs. Is Ivan
- In 2012, an estimated 7.8 million Mexican-born immigrants were employed in the United States. a. If 60 percent of the Mexican-born immigrants remitted money to family members in Mexico in 2012, and if they each sent $100 per month, how much money did they remit in total? b. If, instead, 100 percent of the Mexican-born immigrants remitted money to family members in Mexico in 2012, and if they each sent $250 per month, how much money did they remit in total? c. The actual amount remitted to Mexico in 2012 by Mexicanborn immigrants living in the United States was about $23 billion. If we assume that 75 percent of the Mexicanborn immigrants remitted money to Mexico that year and if we further assume that each of those immigrants remitted an equal amount each month, how much per month did each of those immigrants have to remit to total $23 billion for the year?Madison has a full-time job, but she is considering going back to school for a master’s degree.Describe how Madison might decide whether ornot to continue her education.Do economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements (i.e., what will happen) about some economic policy, for example, but do they have special expertise to judge whether or not the policy should be undertaken?
- A potential entrepreneur is trying to decide whether to open a new health spa. She currently makes $35,000 per year as an aerobics instructor and will have to give up this job if she opens the new health spa. If she chooses to open the spa, it will cost her $200,000 per year in rent and other operating expenses.a. What are her opportunity costs? Give an example.b. How much would she need to make in revenues to earn positive economicprofits?Studying has both costs and benefits. If you continue tostudy (e.g., for a test) for as long as the marginal benefitsof studying are greater than the marginal costs, and youstop studying when the two are equal, will your actionbe consistent with having maximized the net benefits ofstudying? Explain your answer.4.Explain why opportunity cost is the best forgone alternative and provide examples ofsomeopportunity costs that you have faced today.
- what specific educational reforms should be made to ensure that thepoor and middle-income students would have a greater chance to be admitted in thestate universities and colleges in the country?2.You were planning to spend Saturday working at your part-time job, but a friendasks you to go skiing. What is the true cost of going skiing? Now suppose you had been planningto spend the day studying at the library. What is the cost of going skiing in this case? Explain3. Recycling CanFor the past 10 years, five Colorado cities have held a recycling contest to see which citydoes the best job of recycling plastic, glass, and aluminum. Those participating in thisyear’s contest are Arvada, Centennial, Lakewood, Highlands Ranch, and Parker.To make the contest fair for both large and small cities, the winning city will be the one that recycles the largest number of cans per capita—the number of cans recycled dividedby the number of city residents. 0.02 per can Recycling Can Contest City Population Jan Feb Mar Total Per Capita Arvada 15,855 10,505 24,556 12,567 Centenntial 28,951 24,567 21,777 26,719 Lakewood 142,547 102,376 105,876 121,987 Highlands Ranch 2,801,561 2,714,664 2,503,344 1,999,877 Parker 1,689,908 1,523,665 1,487,660 1,002,545 Total -…