Explain the difference between fixed production technology and variable technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology? Should they do so in industries with variable technology?

Find what is the chance that the family has three girls : Assuming the change of either a boy or a girl is equal (50% each), what is the chance that the family has three girls given that the first child is a girl. |

Describe gasoline as a commodity : Determine if the demand for the following products is price elastic or price inelastic, or explian how the necessity of a good and the availability of substitutes affect the price elasticity of demand. |

Find what is the probability that the ball chosen : What is the probability that the ball chosen is an odd-numbered ball or a ball with a number less than or equal to 5? |

What is the length of each side of the square : A square and a rectangle have the same area. The length of the rectangle is 3 meters more than the length of a side of the square. The width of the rectangle is 2 meters less than the length of a side of the square. What is the length of each side.. |

Should the government set a goal of reducing marginal cost : Explain the difference between fixed production technology and variable technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology. |

How many bulbs will last more than 10 months : A light bulb company knows the lifetime of 10,000 bulbs is normally distributed. The mean lifetime of a bulb is 8 months, and the standard deviation is 1.5 months. Approximately, how many bulbs will last more than 10 months? |

Explain how many quarters does have : Marcy has a total of 100 dimes and quarters. if the total value of the coins is $14.05 |

Find the length of an arc intercepted by an a central angle : Find the length of an arc intercepted by an a central angle of .769 radian on a circle with radius 11.4cm. |

Estimate the decrease in the number of housing starts : Use differentials to estimate the decrease in the number of housing starts when the mortgage rate is increased from 12% to 12.5%. |

## Inflation targeting be a good policyWhy might it be difficult for the Fed to formally adopt inflation targeting? Would inflation targeting be a good policy for the Fed in the present economic environment |

## In using the taylor ruleIn using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables? |

## Describe the present economic crisis situation in europeDescribe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag.. |

## Long-term federal government budget problemsQuestion:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading. |

## Derive and compare demand curveQuestion based on Derive and compare demand curve, Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts? |

## Problem based on utility functionProblem based on Utility Function - Problem, Answer and explain the following using a diagram which is completely labeled. |

## Laffer curve : tax rate and tax revenueQuestion based on Laffer Curve : Tax Rate and Tax Revenue, Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change? |

## Problem - income elasticity of demandProblem - Income Elasticity of Demand, Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5 |

## Positive balance of paymentQuestion Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments." |

## Effect of recession on the investment curveComment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007. |

## Affect of falling domestic investment on trade surplus andHow will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world. |

## Crises in the banking sector and bank runBanking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country? |

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