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Three people are voting for President. The first person prefers Donald Trump to Jeb Bush to Hilary Clinton. The second person prefers Hilary Clinton to Donald Trump to Jeb Bush. The third person prefers Jeb Bush to Hilary Clinton to Donald Trump. Pretend that the three people together form a united country with a set of preferences. The system of preferences are determined from majority voting (i.e. we say that the country prefers candidate A to candidate B if a majority of people would vote for candidate A over candidate B in a two-person election with only candidates A and B). Write the set of preferences for the country. Write a utility function representing those preferences.
Give a Share of GDP (percent), such that C=69.9, I=19.0,G=15.3, X-M= -4.5. If consumption in the changed to 43 while government expenditure and net exports remained constant, what would happen to investment as a share of GDP ?
What DO will result if the concentration of the waste(Lw) is reduced by 50%? Assume that the flows remain the same and that the saturation value of DO is 10.83 mg/L in both cases.
Holloman Hops has a budgeted $300,000 per year to pay for labor over the next 5 years. If the company expects the cost of labor to increase by $10,000 each year, and the interest rate is 10%, what is the expected cost of the labor in the first year?
When is it a good idea for companies to take this alternative? What issues factor into that decision. Provide a discussion and some examples.
Compare the costs and benefits of regulation. In your opinion, do the benefits outweigh the cost or do the costs outweigh the benefits? What are the advantages and disadvantages of deregulation?
Of the various pricing objectives, which one does Under Armour appear to be pursuing in its marketing of running shoes, and why?
To help you reach a $5,000 goal five years from now, your father offers to give you $500 now. You plan to get a part-time job and make five additional deposits, one at the end of each year. (The first deposit is made at the end of the first year). If..
Give the genotypes of these individuals; provide a legend for your symbols and construct a Punnett square to determine the possible genotypes of offspring these two people could have together.
The 1000 to 500 hPa thickness is predicted to increase from 5280 to 5460 m at a weather station in the Honolulu. Assuming the lapse rate remains constant, what change in surface temperature would you predict?
A company currently pays a dividend of $2 per share (D=$2). It is estimated that the company’s dividend will grow at a rate of 20% per year for t the next 2 years, then at a constant rate of 7% thereafter. The company’s stock has a beta of 1.2, the r..
1. economics is the study of the principles governing the allocation of scarce means among competing ends when the
Suppose that there is an increase in the number of ATM machines in service. In the monetary intertemporal model, what are the current effects on aggregate output, employment, the nominal interest rate, and the price level? Please draw graphs and expl..
Illustrate what are the opportunity costs of producing X and Y for Leah and Tim; and if specialization is possible, which good should Leah specialize in? and How about Tim.
Suppose an individual is faced with two goods: income and leisure. The basic wage rate is 8 dollars per hour but if the individual works more than 8 hours a day, he or she get's an overtime pay of $12. Draw the budget line for this individual.
Which one of the following variables is most likely to increase as production effort is increased? Which one of the following variables is most likely to decline as production effort increases? The efficient price of a license fee is determined by th..
Your state has a retail sales tax of 10% but it exempts food, prescription drugs, and all services including housing services, repair services, and use of electricity and other public utility services.
Suppose you are studying the market for shoes. Two events take place simultaneously. First, price of leather decreases, and second, consumers' income increases. What will happen to the equilibrium price and equilibrium quantity of shoes?
determine the amount at time 0(now) equivalent to the cost of owning and operating the machine for the next five year period. It is anticipated that the machine can be sold for $1000 at the end of the five year period. Use an interest rate of 10%.
Suppose a stock market crash makes people feel poorer. What are the effects of this decrease in wealth?
Your article shows money performing (or failing to perform) at least one of the following functions: (a) medium of exchange, (b) store of value, or (c) standard of value. What is the particular form of money (M1, M2, etc.) that would be the smallest ..
_____ focuses on how individuals manage a global business.
Crepe Creations is considering franchising its unique brand of crepes to stall-holders on Hermoza Beach, which is five miles long. CC estimates that on an average day there are 1,000 sunbathers evenly spread along the beach and that each sunbather wi..
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