Tag: Economics – Others

You have exams in economics and chemistry coming up and 5 hours available for studying. The following table shows the trade-olfs you face in allocating the time you will spend in studying each subject.
Hours Spent Studying and Midterm Scores
Choice
Hours Spent Studying Economics
Hours Spent Studying Chemistry
Economics Midterm Score
Chemistry Midterm Score
A
5
0
97
74
B
4
1
95
83
C
3
2
92
89
D
2
3
88
93
E
1
4
83
95
F
0
5
77
96
Use the multipoint curve drawing tool to plot a production possibilities frontier showing the trade-off between your economics grade and chemistry grade. Plot all choices A through F. Properly label this curve.
Carefully follow the instructions above, and only draw the required objects. After plotting the final point of your multipoint curve, press the Esckey or use a long press on the last point to end the line
Please be ADVISED on the correct numbers A:97/74 B95/83 C92/89 D88/93 E83/95 F77/96

Use the following to answer questions 37-29
Answer the next question(s) on the basis of the information given in the following table:
Employment
Total Product
Price
0
0
53
1
12
3
2
22
3
3
30
3
4
35
3
5
40
3
6
42
3
Refer to the above data.
1.
This firm is:
selling its product in a purely competitive market.
selling its product in an imperfectly competitive market.
hiring workers in a purely competitive market.
hiring workers in an imperfectly competitive market.
2.
If the firm is hiring workers under purely competitive conditions at a wage rate of $22, it will employ:
1 worker.
2 workers.
3 workers.
4 workers.
3.
If the firm is hiring workers under purely competitive conditions at a wage rate of $10, it will employ:
2 workers.
3 workers.
4 workers.

Table 18-6Two home-improvement stores (Lopes and HomeMax) in a growing urban area are interested in expanding their market share. Both are interested in expanding the size of their store and parking lot to accommodate potential growth in their customer base. The following game depicts the strategic outcomes that result from the game. Increases in annual profits (in millions of dollars) of the two home-improvement stores are shown in the following figure.
Refer to Table 18-6. Suppose the owners of Lopes and HomeMax meet for a friendly game of golf one afternoon and happen to discuss a strategy to optimize growth related profit. They should both agree toincrease their store and parking lot sizes.refrain from increasing their store and parking lot sizes.be more competitive in capturing market share.share the context of their conversation with the Federal Trade Commission.

Imagine the following situation: identically qualified and productive workers are divided equally into men and women ( 50% men and 50% women). All employers are men. Not all of the employers are prejudiced against women and a large proportion will hire them for the same work and pay them up to the same wage as men. Women are willing to work for wages less than men rather than not have a job. There is vigorous competition in the labor market. Under these circumstances which of the following will be the long term result?
a. firms will be segregated into those employing only men or only women
b. only firms employing men will survive
c. only firms employing women will survived. segregated and mixed firms may survive and men and women will be paid the samee. segregated and mixed firms may survive and women will be paid less than men according to the degree of prejudice

Roger has worked for an agency, the Federal Reserve, for ten yoars. Recently, Roger has heard rumors that multiple employees have concracted covid-19, a highly contagious and potentially dangerous disease, although they hww recovered completely. Nevertheless, Roger is still concerned about being around these people, so Roger asks his employer, the Federal Reserve, for a list of the employees. The Federal Reserve refuses, so Roger files a Freedom of Information Act 0FOtA) request for the Information. Under the FOM, will the Federal Reserve provide Roger this Ist?
No, because as a current employee of an agency, the Federal Reserve, Roger cannot file a FOA request with the Federal Reserve.
Yes, providing this information does not violate normal agency policies.
Yes, Roger has a good requen for requesting this information.
No, this information is confidential and personal,

Who was France’s greatest economist?
a. Edward Kim
b. Arnold Schwarzenegger
c. Jean Baptiste Say
d. Big Brother

Which of the following prevents machine from being 100% efficient?frictioninput forceoutput forcepower

___________________ describes the phenomenon where people stop voting part of the way down the ballot.

“Externalities” set the limits for what you are able to do with your pricing strategies. True or False

what was the justification for slavery adopted by African rulers that originated from Islamic societies