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Questions and Answers of Economics

Write down a plausible production function for new ideas. Explain each element.
How can IHRM help to ensure the success of firms with a global organizational structure and transnational organizational structure?
List and adequately explain two causes of World War 1.
When and why was the League of Nations created and what were its shortcomings?
In at least two paragraphs, narrate the realities of the interwar years.
List at least three causes of World War 2 and adequately explain at least one of these causes.
Analyze the Jewish Holocaust from the first century C.E. to 1945.
The demand for good x is given by Qdx= 1200- 1/2Px+1/4Py-8Pz+1/10M Py = $5900 Pz = 90 M = 50550a. Indicate whether goods Y and z are substitutes or complements for good xb. Is x an inferior or
Suppose a firm sells in a highly competitive market where the going price is $15 per unit. Its cost equation is C = $25 + .25Q2.A. Find the profit maximizing level of output for the firm. Determine
Suppose a firm sells in a competitive market at a fixed price of $12 per unit. The firm's cost function is C = 200 + 4Q. Determine the minimum quantity at which the firm can break even. Are there
Max is a home builder in the Midwest. Although sales have slowed because of the recession, it looks like the recession is about to end. He wants to be ready with material, labor, and foremen to meet
War Game, Inc., produces games that simulate historical battles. The market is small but loyal and War Game is the largest manufacturer. It is thinking about introducing a new game. War Game
Shelly accepts Corelli’s offer, assuming that the contract has met all of the requirements for a valid contract. The question is Corelli was a minor when he purchased the painting. Is the contract
From the e-Activity, select an athlete and study the performance trends of his/her career. Once you have reviewed his/her performance trends, provide three bullets about how his/her career has been
The ABC Company has a large order for special uniforms to be used in an urgent operation. Working the normal two shifts of 40 hours each per week, the ABC production process usually produces 2, 500
Are some stocks less sensitive to market/systematic factors (recession, depression, war, etc.) than others? Provide some examples.Is there a measure that may allow us to evaluate this? How would we
What are the differences in the design models? Compare and contrast the standard airline organizational functional structure model with the hybrid structure based on independent business units. Does
What effect does the choice of a model have on managerial authority and control? Would there be a greater or fewer number of managers in one model versus the other? Greater or lesser span of control?
Which model is better from the standpoint of work specialization and coordination? If one model is functional, what model aspects are present in the hybrid structure? How would you improve the hybrid
Suppose the demand function for the Toyota Camry is given by Qd = 500 -12PC + 10PH - 5PG + 0.0001M, where PC is the price of the Toyota Camry (in thousands), PH is the price of the Honda Accord (in
Suppose that you can schedule a worker up to four hours per day. The benefit function is given by B(H) = 500H – 22.5H2 and the cost function is given by C(H) = 100 + 15H2. The corresponding
Harriet enjoys watching both American Idol and Desperate Housewives on television. Her preferences correspond to the utility function U(A,D) = 2A + 4√D, where A stands for the number of ours she
Nicole's income is $1,000 per month. She spends all of it on shoes (S) and books (B). Shoes cost $50 and books cost $25. Her marginal rate of substitution for shoes with books is MRSSB = 2B/3S.
Assume that uncovered interest parity holds. If i(US)=0.01 and i(EURO)=0.05 then does the market expect the dollar to appreciate or depreciate relative to the euro.*by how much in percentage
Show that if Y1 has a chi-square distribution with v1 degrees of freedom and Y2 has a chi-square distribution with v2 degrees of freedom, then U = Y1 +Y2 has a chi-square distribution with v1 +v2
The question "What is Life?” sounds like the premise of some bad late night soul-searching movie, but it is the basis upon which astrobiologists must search for life forms in the universe.Find two
What exactly is pluralism, ethnicity, and the concept of 'social construction of ethnicity?
Describe the importance of promotional strategies as one of the basic elements of the marketing mix
How does varying preferences and restriction in the global community effect the marketing mix-promotion such as coupons in Greece and prohibition of games in France.
Analyze the demand function for a dinner in the restaurant Delicious Food, given the four changes listed below:a) The restaurant down the street, Fancy Meals, features a two for one meal special.b)
Examine how each of the events listed below would impact the position of the demand curve for DVD players.a) An increase in the price of DVDs.b) A decrease in the price of DVD players. c) An increase
Imagine that you are catching up with a relative or an old friend whom you have not seen in some time. You mention that you are training as a medical assistant (MA), and the friend or relative says
What do the Gospels tell us about the nature of Jesus as Christ? Give scriptural examples
1. An assembly line with 30 activities is to be balanced. The total amount of time to complete all 30 activities is 42 minutes. The longest activity takes 2.4 minutes and the shortest takes .3
Grohl Co. issued 11-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 7.4 percent, what is the current bond price?
Suppose a consumer’s utility function is given by U(X, Y) = X*Y. Also, the consumer has $32 to spend, and the price of X, PX = 4, and the price of Y, PY = 1.(a) How much X and Y should the consumer
Suppose there are two consumers, A and B. The utility functions of each consumer are given by:UA(X,Y) = X *YUB(X,Y) = X + 2YThe initial endowments are:A: X = 2; Y = 6B: X = 2; Y = 2a) Using an
Assess both Patriot and British strengths and weaknesses when the Revolution began. How did the United States win the War against such a powerful adversary?
How did Rome's contact with the Hellenistic world affect Roman civilization in the second and third centuries B.C.E.? Provide specific examples of art, architecture, literature, religion, and
Atlantis is a small, isolated island in the South Atlantic. The inhabitants grow potatoes and catch fresh fish. The accompanying table shows the maximum annual output combinations of potatoes and
Prove that any set of n+1 vectors in R^n is linearly dependent.
What is the largest number of linearly independent matrices one can have in M(3, 2)? Prove your answer
Write the equation of a line with slope 1 through (1, 2).
A tank originally contains 100 gal of fresh water. Then water containing 1/2 lb of salt per gallon is poured into the tank at a rate of 2 gal/min and the mixture is allowed to leave at the same rate.
A ball with mass m kg is thrown upward with initial velocity 12m/sec from the roof of a building 16m high. Find the maximum height above the ground that the ball reaches. Assuming that the ball
A tank with capacity of 900 gal of water originally contains 500 gal of water with 100 lb of salt in solution. Water containing 1 lb of salt per gallon is entering at a rate of 3 gal/ min, and the
A skydiver weighing 164 lb (including equipment) falls vertically downward from an altitude of 6000 ft and opens the parachute after 19 s of free fall. Assume that the force of air resistance is 0.74
If a ball is thrown vertically upward from the roof of 32 foot building with a velocity of 96 ft/sec, its height after t seconds is s(t)=32+96t-16t^2 ,1) What is the maximum height the ball
Find the equation of the tangent line and normal line to the curve y = (2 + 3x) ^ 2 at the point (-4,100). Write the equations of the lines in the form y = mx + b1) Tangent line y =2) Normal line: y =
Discuss what the economist intends to teach you about cost using this cost function. The economist for the “Grand Corporation has estimated the company’s cost function, using time series data, to
Discuss the following three cost functions, and discuss what the economist intends to teach you about cost using these cost functions:TC = 20 + 2Q + 0.5Q^2TC = 20 + 4Q – 0.1Q^2
1. In a 1-year period, the Productive Components Corporation has shipped units worth $1,200,000 to its customers. It produced units worth $250,000 for finished goods (FG) inventory. PCCorp has
You are the manager for Dunkin Donuts and know the following elasticities:η= 1.5 η I = 1.2 η xy1 = 0.5 η xy2 = -0.5η is the price elasticity of demand for Dunkin Donuts (DD) glazed
Westinghouse and General Electric are competing on the newest version of clothes washer and dryer combinations. Two pricing strategies exist: price high or price low. The profit from each of the four
In 2010 the country of Ikonomia has a current account deficit of $1 billion and a nonreserve financial account surplus of $750 million. Ikonomia’s capital account is in a $100 million surplus. In
We hold equity interests in two wireless communications operations in Brazil. During January 1999, the government of Brazil allowed its currency to trade freely against other currencies. As a
Write two paragraphs on how the economy of scales work internationally?
Sample Evaluation. In the most recent local election between two candidates, you heard your local news anchor indicates that your preferred candidate had 48 percent of the vote with a margin for
Explain how Modernization and Dependency theories vary in their sociological ways of looking at development in the Third World. India by explaining how they are doing in terms of social, political
India as an example, explain how specific characteristics of your country make changing to democracy easier or more difficult. In other words, what are the conditions that promote democracy generally
Is secularization essential to development? Be sure to show you know what secularization is? The two sides of the debate about if it is or is not essential to development. After doing that, you will
Discuss ethnicity as a social construction and provide recent and current examples of ethnic hostilities (including examples from India, if appropriate). Speculate on the various ways that ethnic
Identify a system, process, or service in your organization's HRIS that could be improve and compare the current system, process, or service (where it is now) with the envisioned future (where it is
The owner of a lumber store wants to construct a fence to enclose a rectangular outdoor storage area by using part of one side of the store, which is 260 feet long, as one of the sides of the
Evaluate the following statements using graphical analysis. Provide a brief narrative explanation of your graph to support your evaluation. Make sure the axes and curves in your graphs are properly
Twenty first Century Electronics has discovered a theft problem at its warehouse and has decided to hire security guards. The firm wants to hire the optimal number of security guards. The following
Write a five-paragraph essay (2–3 pages) on one of the poems for this lesson: “The Seafarer,” “The Wanderer,” or “The Wife’s Lament.” Your essay should discuss and illustrate the
Rather than focusing on risk from an investors’ decision-making perspective, consider the risk of corporate decisions and how investors’ perceptions affect the “true risk” of corporate
Suppose market demand is Q = 1000 - 4p. If all firms have LRAC = 50 - 5q + q2, how many identical firms will there be when this industry is in long-run equilibrium?
Suppose there are 1000 identical wheat farmers. For each, TC = 10 + q2. Market demand is Q = 600,000 - 100p. Derive the short-run equilibrium Q, q, and p. Does the typical firm earn a short- run
Suppose the marginal cost for a firm is SMCi=4+Qi, and there are 1000 identical firms, and the market demand for this product is P= 10 – 0.002Q. If the government imposes a specific tax of $1.00
Suppose the market demand for a particular product is given:P = 10 - 0.002Q, and the industry marginal cost is MC = 4 + 0.001Q.Compare the welfare between the market structures of perfect competition
Suppose a firm in Toronto has two markets with the following demand curve for each market, P1=100 − Q and P2=$50, and the marginal cost of this firm is MC=2Q. How much will this firm sell for
Compute the new average collection period based on the terms in Table 2 and the results of the pilot study. Use the simplifying assumption that under the new policies all customers will all pay at
Assuming average daily credit sales remain at $54,274 per day, what will be the new accounts receivable balance based on the three new cash discount policies?
1. Go to “FRB: Press Release—FOMC statement—December 16, 2009.” 2. You should now find a press release from the Board of Governors of the Federal Reserve System, dated December 16, 2009,
The European subsidiary of your company is considering exporting its products to Egypt. Yet, management's current knowledge of this country's trade policies and barriers is limited. Before your
1. Consider the role the U.S. government has taken in the regulation of banks, as well as the history of major banking regulations, and predict the next major regulatory move by the U.S. government.
1. Assess the factors you should consider when advising a client to invest in stocks, bonds, real estate, or some other financial instrument.2. From the e-Activity, critique the Dodd-Frank Act to
Let Y1, Y2... Ya be independent, exponentially distributed random variables with mean beta. Give the 1) Density function for Y(k), the kth order statistic, where k is an integer between 1 and n.2)
Explain the economic benefit doctrine.
Describe the components of the common body of tax law (CBOTL). What role does the U.S. Congress play in creating the tax law? Briefly explain how a tax bill becomes a tax law. What role does the
Summarize the differences between tax financing and bond financing, and, thinking like an economist and not a politician, explain the circumstances wherein each means of financing is best suited.
Find the volume of the solid bounded by the cylinder y^2 + z^2 = 4 and the planes x = 2y, x = 0, z = 0 in the first octant. Calculate the double integral by using two iterated integrals with
Briefly explain the concept of “value chain”, “balance score card” and their functions.
When selecting short burst quotations for your Formal Research Assignment, what criteria will you consider? What makes for a strong quotation? How long can a short burst quotation be?
What does stock C’s negative growth rate imply?Stock C:Current earnings = $7.00Current dividend = $7.50Expected annual growth rate in dividends and earnings = -1%Current market price = $60
Commercial real estate prices and rental rates suffered substantial declines in the past year (Newsweek, July, 2009). These declines were particularly severe in Asia; annual lease rates in Tokyo,
The first movement of Mozart’s Symphony No. 40 in G Minor is based on variations on a three-note motif. Explain why you think this Classical music form may be satisfying for both 18th century and
Define Strategic Planning. Provide a brief summary of why it is/or is not necessary for homeland security organizations to conduct strategic planning? Provide a brief summary of what strategic
From the e-Activity, explain what either Lenski or Durkheim would say about the technology’s impact of society.Draw upon your camping and/or hunting experience or television viewing of such shows
Describe some of the disadvantages that freed slaves had as they tried to blend into mainstream society. Explain factors that could cause some former slaves to succeed while others would have great
A researcher estimated that the price elasticity of demand for automobiles in the United States is -1.2, while the income elasticity of demand is 3.0. Next year, U.S. auto makers intent to increase
A market economy depends on market mechanisms to?
Aside from maximizing profits, assess the factors that managers must consider when making the decision to outsource or integrate forwards or backwards considering which factor would be most
1. Analyze and discuss examples of inputs and outputs influencing the systems model. For example, how do interest groups and the news media provide inputs to the policy process?2. Assess the
You are given the following regression results estimating the demand for widgets based on time series data for the past 40 months.Qt = 2.5 – 0.3 x Pt + 12 x MtWhere Qt represents the quantity of
Theorists warn against the continued use of deficit theories to connect low social-economic standing to failure in school. They have left a lasting mark on schools. Identify a student from a low
What are our main literary sources for the Trojan War? What aspects are likely myth and what known historical events are probably related? Discuss various aspects of the Trojan War and give examples
Bracewell Company reported net income of $193,980 for 2014. Bracewell also reported depreciation expense of $45,100 and a gain of $4,930 on disposal of plant assets. The comparative balance sheet

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