User Account

All Pages

Calculate output per hour

Assignment Help Microeconomics
Reference no: EM131410440

1. Candace makes 6 pies in 3 hours; Raymond makes 40 pies in 8 hours; Vanessa makes 80 pies in a 20 hours, Sam makes 10 pies in 4 hours. Calculate their output per hour.

Candace? ____________ Raymond? __________ Vanessa? ____________ Sam? ____________

Who is the most productive? ___________________________

2. When the amount of savings increases, interest rates will ____________ (increase, decrease) and the amount of loans for business investment will _______________(increase, decrease)

3. Should Haiti (or any country) impose high tariffs on imported goods to protect domestic industry? ___________

4. ________________Free international trade will _________ prices, and _________ incomes.

a. Increase; increase
b. Decrease; decrease
c. Decrease; increase
d. Increase; decrease

5. _________________Real GDP for Country A is $50 billion. Real GDP for Country B is $50 billion. Country A has 5 million people, while Country B has 25 million people. In which one is the average citizen better off?

Real GDP per capita for A? _______________ Real GDP per capita for B? _______________

_____________________________________________________________________________________________

Inflation Real GDP Nominal GDP Population
Country Rate Growth Rate Growth Rate Growth Rate

A 3% 5% 18% 5%
B 7% 9% 25% 7%
C - 5% 2% 50% 10%
D 2% 11% 15% 12%

6. _____________ Using the table above, which country is improving the most economically for the average citizen of that country?

Reference no: EM131410440

Questions Cloud

Explain fully how these are john locke ideas : Explain fully how these are John Locke's ideas. You many need to do some outside research on John Locke in order to complete this assignment
Why a company would enter into an interest rate swap : The following excerpt was taken from the annual report of Bristol-Myers Squibb, a leader in pharmaceutical and health care products.
Discuss the principal occupation settings : Discuss the principal occupation settings of this profession and some of the pros and potential challenges that they face
Compute the effective interest rate on the bonds : Compare the market value of the bond investment to its book (balance sheet) value on May 31, 2012, assuming that market interest rates as of that date were 6 percent.
Calculate output per hour : EC222 - Candace makes 6 pies in 3 hours; Raymond makes 40 pies in 8 hours; Vanessa makes 80 pies in a 20 hours, Sam makes 10 pies in 4 hours. Calculate their output per hour.
Determine the three most vulnerable populations : An analysis of the statistical data/trends related to the populations. How did you use data to determine the three most vulnerable populations? Explain your thought process
Select a film that deals with a moral concern : You will select a film that deals with a moral concern. You will briefly summarize this film . Then, you will analyze how the film treats this moral issue. Use the text to support your analysis . The paper should employ an APA title page, in-text c..
How the legislative process worked in this particular case : Write a response paper to address how the legislative process worked in this particular case and relate it to the concepts we have read/talked about in class
Compute the effective interest rate on the note payable : Prepare the journal entry that would be recorded when the first interest payment is made on December 31, 2012.

Reviews

Write a Review

 

Microeconomics Questions & Answers

  This mba common case focuses on the operations of hyundai

this mba common case focuses on the operations of hyundai the korean automobile manufacturer in china. at the time the

  Global trade association and american gas association

Write down a five paragraph introduction detailing the purposes and activities of the organization. Consider whether there're any groups opposed to them and why.

  When the price of a superior good increases

When the price of a superior good increases, consumers demand more of it. As consumer income increases a larger percentage of that income is spent on superior goods.

  What is the marginal product of the 3rd workers

what is the profit-maximizing output and price - In the United States professional football players earn much higher incomes than professional soccer players.

  Why is this a sensible proxy variable for poverty

The variable lnchprg is the percentage of students eligible for the federally funded school lunch program. Why is this a sensible proxy variable for poverty?

  Price discrimination and antitrust

What are the types of circumstances under which price discrimination violates antitrust? Use the handout to illustrate your answer (examples included in Section 15.5 – Antitrust: Price Discrimination and the Robinson-Patman Act).

  How can policymakers influence a nation''s saving rate?

How can policymakers influence a nation's saving rate?

  The four main tools of monetary policy are

The four main tools of monetary policy are

  Immediate short run aggregate supply curve to be horizontal

What assumptions cause the immediate short run aggregate supply curve to be horizontal? Why is the long run aggregate supply curve vertical? Explain the shape of the short run aggregate supply curve. Why is the short run curve relatively flat to the ..

  Concept of elasticity of demand

Review the below and apply the concept of elasticity of demand. You task will be to read the article and summarize it. Discuss how it is related the concept of elasticity of demand

  What amount must be deposited into a savings account

What amount must be deposited into a savings account that pays 8% interest if the inflation rate is 10% and you want to set aside enough money to purchase a red tape cutting machine ten years after the deposit? The current cost of a red tape cutting ..

  If manager adopts a first-degree price discrimination

cyberelectronics produces three products cyberdesktops cyberlaptops and cybercameras which sells to two types of

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd