Homework Answers
"C"
they will hire 3 police officers together as the cost can be paid by both of them combined. the answer is "C".
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QUESTION 7 Refer to the information given in Table 16.8 below to answer the question that...
Refer to the information below to answer the following question. The table gives the each individual's...
Refer to the information below to answer the following question. The table gives the each individual's marginal willingness to pay for three different levels of restoration (think of it like a segmented demand curve for three levels of quantity) Marginal Willingness to Pay for Restoring Bald Eagles Extent of restoration Low Moderate Extensive Marginal willingness to pay (MWTP) Bob 10 5 0 Carlos Anna 50 30 10 MC 25 10 40 40 40 What is the total benefit and total...
QUESTION 7 Refer to the information provided in Table &.4 below to answer the questions that...
QUESTION 7 Refer to the information provided in Table &.4 below to answer the questions that fallow. Table 84 All Figures in Billions of Dollars Aggregate Output Aggregate Consumption Planned Investment 100 160 20 200 240 20 20 300 320 400 400 20 500 480 20 Refer to Table 8.4. At an aggregate output level of $200 billian, planned expenditure equals O $160 billion. O $220 billion. O $260 billion. O $410 billion. QUESTION & AE Refer to the informotion...
Table: Maximum Willingness Question 10 0 out of 10 points Table: Maximum Willingness to Pay for...
Table: Maximum Willingness
Question 10 0 out of 10 points Table: Maximum Willingness to Pay for Word and Excel Amanda Yvonne Word $110 $60 Excel $40 $100 Office (Word Excel) $150 $160 Reference: Ref 14-7 Table: Maximum Willingness to Pay for Word and Excel) Refer to the table. If Microsoft sells each product, Word and Excel, individualy, what is the maximum profit Microsoft can make from selling the two products? (Assume the marginal costs of production are zero.) Selected Answer...
2) The Philadelphia Police Department must decide how to allocate police forces between west Philadelphia and...
2) The Philadelphia Police Department must decide how to allocate police forces between west Philadelphia and Center City. Measured in arrests per hour, the average product, total product, and marginal product in each of these two areas are given in the table below. Currently the police department allocates 200 police officers to Center City and 300 to West Philadelphia. If police can be redeployed only in groups of 100, how, if at all should the police department reallocate its officers...
4. Refer to the open-access beach problem in the text of this chapter and table 6-2....
4. Refer to the open-access beach problem in the text of this chapter and table 6-2. If the cost per day rose to $15, how many people would maxi- mize the net benefits of the beach? And how many people would visit the beach under open access? Table 6-2 An Open-Access Resource: Public Beach Individual Aggregate marginal willingness Number of willingness visitors Total costs (TC) $12 24 36 48 60 72 84 96 108 120 Cost per visit $12 Aggregate...
Refer to the information provided in Table 8.1 below to answer the questions that follow. Table 8.1 1) Refer to Tab...
Refer to the information provided in Table 8.1 below to answer the questions that follow. Table 8.1 1) Refer to Table 8.1. Society's MPC is a) 0.80. b) 0.05. c) 0.90. d) 0.95. 2) Refer to Table 8.1. Society's MPS is a) 0.05. b) 0.10. c) 0.95. d) 0.20. 3) Refer to Table 8.1. At an aggregate income level of $100, aggregate saving would be a) -$70. b) $70. c) $50. d) -$30. Refer to the information provided in Figure...
Question 24 2 pts Refer to the following table to answer the following questions: Willingness to...
Question 24 2 pts Refer to the following table to answer the following questions: Willingness to Pay for Bottled Water Quantity City A City B City C 1 $20 $15 $14 2 $17 $13 $13 3 $14 $11 $12 4 $11 $9 $11 5 $8 $7 $10 Marginal Cost $0 Kaleb is the only provider of bottled water for three cities. Because he has access to a natural spring, the marginal cost to produce an additional bottle is $0. Imagine...
QUESTION 1 Please refer to the buyer willingness to pay values provided in the table on...
QUESTION 1
Please refer to the buyer willingness to pay values provided in
the table on page 178 in the book (i.e., Customers A and B with
Goods 1 and 2). If the monopolist only sold Good 1 by itself, what
is the profit maximizing outcome for the monopolist?
A.
Sell zero units at a price of $3000
B.
Sell one unit at a price of $2800
C.
Sell two units at a price of $2300
D.
Sell two units...
Refer to the following table to answer the questions that follows: Assets: Liabilities: Deposits $1000 Reserves...
Refer to the following table to answer the questions that follows: Assets: Liabilities: Deposits $1000 Reserves $100 Loans $900 Assume that the is holding the required percent of deposits as reserves. Also, assume all other banks hold only the required percent of deposits as reserves, and that people hold only deposits and no currency. What is the money multiplier? 10 If the Bank has loaned out all the money it wants, given its deposits, what is its reserve ratio?
Q8: Refer to the information provided in Table below to answer the question(s) that follow. $...
Q8: Refer to the information provided in Table below to answer the question(s) that follow. $ Billions Non-durable goods 600 Exports 500 Imports 1200 municipalities purchase of goods 200 Government purchases of goods 150 Residential investment 500 Change in business inventories -100 800 Durable goods 250 Services 1) Personal consumption expenditures 2) The value for gross domestic investment 3) The value for net exports 4) The value of government spending 5) The value of gross domestic product (GDP).
Refer to the information below to answer the following question. The table gives the each individual's marginal willingness to pay for three different levels of restoration (think of it like a segmented demand curve for three levels of quantity) Marginal Willingness to Pay for Restoring Bald Eagles Extent of restoration Low Moderate Extensive Marginal willingness to pay (MWTP) Bob 10 5 0 Carlos Anna 50 30 10 MC 25 10 40 40 40 What is the total benefit and total...
QUESTION 7 Refer to the information provided in Table &.4 below to answer the questions that fallow. Table 84 All Figures in Billions of Dollars Aggregate Output Aggregate Consumption Planned Investment 100 160 20 200 240 20 20 300 320 400 400 20 500 480 20 Refer to Table 8.4. At an aggregate output level of $200 billian, planned expenditure equals O $160 billion. O $220 billion. O $260 billion. O $410 billion. QUESTION & AE Refer to the informotion...
Table: Maximum Willingness
Question 10 0 out of 10 points Table: Maximum Willingness to Pay for Word and Excel Amanda Yvonne Word $110 $60 Excel $40 $100 Office (Word Excel) $150 $160 Reference: Ref 14-7 Table: Maximum Willingness to Pay for Word and Excel) Refer to the table. If Microsoft sells each product, Word and Excel, individualy, what is the maximum profit Microsoft can make from selling the two products? (Assume the marginal costs of production are zero.) Selected Answer...
2) The Philadelphia Police Department must decide how to allocate police forces between west Philadelphia and Center City. Measured in arrests per hour, the average product, total product, and marginal product in each of these two areas are given in the table below. Currently the police department allocates 200 police officers to Center City and 300 to West Philadelphia. If police can be redeployed only in groups of 100, how, if at all should the police department reallocate its officers...
4. Refer to the open-access beach problem in the text of this chapter and table 6-2. If the cost per day rose to $15, how many people would maxi- mize the net benefits of the beach? And how many people would visit the beach under open access? Table 6-2 An Open-Access Resource: Public Beach Individual Aggregate marginal willingness Number of willingness visitors Total costs (TC) $12 24 36 48 60 72 84 96 108 120 Cost per visit $12 Aggregate...
Question 24 2 pts Refer to the following table to answer the following questions: Willingness to Pay for Bottled Water Quantity City A City B City C 1 $20 $15 $14 2 $17 $13 $13 3 $14 $11 $12 4 $11 $9 $11 5 $8 $7 $10 Marginal Cost $0 Kaleb is the only provider of bottled water for three cities. Because he has access to a natural spring, the marginal cost to produce an additional bottle is $0. Imagine...
QUESTION 1
Please refer to the buyer willingness to pay values provided in
the table on page 178 in the book (i.e., Customers A and B with
Goods 1 and 2). If the monopolist only sold Good 1 by itself, what
is the profit maximizing outcome for the monopolist?
A.
Sell zero units at a price of $3000
B.
Sell one unit at a price of $2800
C.
Sell two units at a price of $2300
D.
Sell two units...
Refer to the following table to answer the questions that follows: Assets: Liabilities: Deposits $1000 Reserves $100 Loans $900 Assume that the is holding the required percent of deposits as reserves. Also, assume all other banks hold only the required percent of deposits as reserves, and that people hold only deposits and no currency. What is the money multiplier? 10 If the Bank has loaned out all the money it wants, given its deposits, what is its reserve ratio?
Q8: Refer to the information provided in Table below to answer the question(s) that follow. $ Billions Non-durable goods 600 Exports 500 Imports 1200 municipalities purchase of goods 200 Government purchases of goods 150 Residential investment 500 Change in business inventories -100 800 Durable goods 250 Services 1) Personal consumption expenditures 2) The value for gross domestic investment 3) The value for net exports 4) The value of government spending 5) The value of gross domestic product (GDP).
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