ECON212 Principles of Microeconomics Behavioral Economics

ECON212 Principles of Microeconomics Behavioral Economics for $11 OnlyBehavioral Economics
Deliverable Length: 400-600 words
Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:
George Foreman was a professional boxer who made a comeback by endorsing grills. Foreman does not own the company that makes the grills, but he became the face of the brand. At first, people were not certain whether he was an expert on grills or fat-free cooking, but Foreman soon became thought of as the expert on this product and this type of cooking. Think of the concept of utility and how Foreman’s role as a celebrity endorser affects the marginal utility of these grill products. Answer the following:
  • How do people’s budget, income, and substitution effects fit in?
  • How do you think this influences the demand curve for indoor grill products?
  • Are these choices made rationally?
    *Must have 3 reference sources
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ECON 4050 Assignment

ECON 4050 Assignment in $14 only
DUE DATE MARCH 24
MAXIMUM MARKS 100
Question-1:
The following questions are based on the discussion presented in Romer (1994) “Origins of Endogenous Growth” [available on blackboard]
(1) According to Romer (1994) why does the neoclassical model fail to predict growth rates of countries? How is this related to the convergence controversy?
(2) Romer (1994) discusses three strategies for addressing the problem demonstrated in the previous question. What are they? You should explain each in brief, citing parameters from the model. According to Romer, why are these approaches unlikely to be successful in addressing the convergence controversy?
(3) In what sense does the incorporation of human capital improve the fit of the neoclassical growth model? Does this modification improve the model’s ability to explain differences in the level of per capita income across countries? Does it help to improve the model’s ability to explain differences in growth rates across countries?
(4) Explain the meaning of each of the following terms and explain why each is important for endogenous growth models.
(i) Nonrivalrous goods
(ii) Degree of excludability
(iii) Intellectual property right
(iv) Externalities
Question-2:….

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HCCS ECON 2301 Assignment

HCCS ECON 2301 Assignment in $14 Only (Instant Download)

Free Sample Answer Given Below.

1.

In the News: College Tuition Up Again
College gets more expensive – again. Tuition at public four-year colleges rose 2.9 percent this year, to an average of $8,893 per year. Out-of-state students pay an average of $22,203 to attend.

Private four-year colleges also saw tuition increases of 2.9 percent – to an average of $30,094. These tuition hikes come on the heels of a 4.5 percent jump in 2012-13 and 8.5 percent in 2011-12. Tuition prices have been outpacing general inflation rates for many years.

Source: The College Board

If tuition keeps increasing at the same rate as in 2013-2014, what will be the total cost of completing a degree at a private college over the next four years?

Instructions: Enter your responses rounded to two decimal places.

2.

UMUC ECON201 Quiz 2 Latest December 2015

UMUC ECON201 Quiz 2 Latest December 2015 in $9 only (Instant Download)

Question

Chapter 11 Random

Question 1 1 / 1 point

_______________________ happens when the economy is producing at its potential and unemployment is at the natural rate of unemployment.

a) Stagflation

b) The interest rate effect

c) The foreign price effect

d) Full employment GDP

Question 2 1 / 1 point

Melanie decided to save 20% of her annual earnings for 10 years so she would have a down payment for a house. After 5 years, what change in the economy would cause an increase in the purchasing power of the funds she has managed to save?

a) stagflation

b) depression

c) deflation (Sample Answer)

d) recession

Question 3 1 / 1 point

If the price level of what firms produce is rising across an economy, but the costs of production are constant, then:

a) higher profits will induce expanded production.

b) a majority of industries will start running into limits.

c) increase in quantity produced won’t be large.

d) the maximum potential GDP will be exceeded.

Question 4 1 / 1 point

What term is used to describe the maximum quantity that an economy can produce, in the context of its existing inputs, market and legal institutions?

ECON 2302 HCCSE Exam 3

ECON 2302 HCCSE Exam 3 in $14 only (Instant Download)

Checkout Free Sample Answers (scroll down)

ECON 2302 HCCSE Fall2015, Dr Smith Exam 3

1. Sam’s hamburger shop, represented by Exhibit K-1,
is a monopolistic competitor
a. making a profit of $100
b. producing an economically efficient output level of 50 hamburgers
c. in long-run equilibrium at 50 units of output
d. taking in $400 of revenue.

2. Maxine’s electro-translucent circuit board, a newly patented product, has been making her firm (ECB,
Inc.) a bundle of money since being introduced to the market 6 months ago. Referring to Exhibit K-3,
a. Maxine’s profit is $200
b. profit maximizing output is 100 units
c. Maxine’s profit is $450
d. profit will be driven to zero in the long-run.

ECON 2302 Exam 3

p. 2/7

3. Ralph’s "Roll Free Rolling Pin" factory used to be the only business of its type but now faces many
competitors in its market, each having a similar but differentiated product. Which of the panels in Exhibit
K-4 is the most appropriate representation of Ralph’s long-run situation producing "q" units of output?
a. Panel 1
b. Panel 2
c. Panel 3 (Sample Answer)
d. Panel 4.

Econ 30223 Homework 3 Optimization

Econ 30223 Homework 3 Optimization in $8 only

Instructions. Answer each question on your own paper. Turn in this cover sheet on top of your answers (in the correct order, please) stapled together. The due date is above and remember, I cannot accept late work.

1. I buy only purple shirts (S) and frogs (F ) and have income I. My budget constraint is I = PS S +PF F . For each case, solve the consumer choice problem: …nd my demand for shirts and frogs as functions of market prices and incomes. (so for part a, b, and c below …nd the Marshallian demand functions).
(a) My utility function is U (S; F ) = 3S + 7F:
(b) My utility function is U (S; F ) = min

ECON-571 Final Exam Solutions Financial Economics

ECON-571 Final Exam Solutions Financial Economics (Georgetown University) in $9 only
February 3, 2016
Problem 1.
1

An individual with a utility function U(c) = -exp (-Ac) (where A = 30 ln 4) and an initial wealth of $50 must choose a portfolio of two assets. Each asset has a price of $50. The first asset is riskless and pays off $50 next period in each of the two possible states. The risky asset pays off zs in state s = 1, 2. Suppose also that the individual cares only about next period consumption (denoted by c1 or c2 depending on the state). The probability of state 1 is denoted by π.

(a) If the individual splits his wealth equally between the two assets, fill in the following table assuming that each of three scenarios is considered.
Scenario
1
2
3

(z1 , z2 )
(20,80)
(38,98)
(30,90)

π
1/5
1/2
1/3

(c1 , c2 )

E[c]

Var[c]
(b) How would this individual rank these three scenarios? Explain and give reasons to support your argument.
(c) Show that under each scenario the individual’s optimal decision is to invest an equal amount on each of the two assets.
Problem 2.
Consider an agent with a well-behaved utility function who must balance his portfolio between a riskless asset and a risky asset. The first asset, with price p1 has the certain payoff z1 while the second asset, with price p2 pays off z2 which is a random variable. The agent has an initial wealth Y0 and he only cares about next period. Assuming that he holds x1 units of the riskless asset and x2 units of the risky asset;
(a) Write down his expected utility function in terms of Y0 , x1 , x2 , z1 and z2 . Write down his budget constraint as well. Find the equation (the FOC) that the optimal demand for the risky asset has to satisfy.
(b) Assume now that his utility function is of the form: U (Y ) = a − be−AY with a, b > 0. Show that the demand for the risky asset is independent of the initial wealth. Explain intuitively why this is so.

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ECON 306 Exam

ECON 306 Exam in $18 only

1. Which of the following constitutes an implicit cost to the Johnston Manufacturing Company?

a. Payments of wages to its office workers.

b. Rent paid for the use of equipment owned by the Schultz Machinery Company.

c. Use of savings to pay operating expenses instead of generating interest income.

d. Economic profits resulting from current production.

2.Suppose that a business incurred implicit costs of $500,000 and explicit costs of $5 million in a specific year. If the firm sold 100,000 units of its output at $50 per unit, its accounting:

ECON 312 Final Exam

ECON 312 Final Exam in $19 only

Question 1. 1. (TCO 5)

An increase in aggregate demand is most likely to be caused by a decrease in (Points : 4)
the wealth of consumers.
consumer and business confidence.
expected returns on investment.
the tax rates on household income.

Question 2. 2. (TCO 5) The long-run aggregate supply curve is (Points : 4)
upward-sloping and becomes steeper at output levels above the full-employment output.
upward-sloping and becomes flatter at output levels above the full-employment output.
horizontal.
vertical.

Question 3. 3. (TCO 5) Which would most likely increase aggregate supply? (Points : 4)
An increase in the prices of imported products
An increase in productivity
A decrease in business subsidies
A decrease in personal taxes

ECON 312 Sample Midterm Exam 1

ECON 312 Sample Midterm Exam 1

1. (TCO 1) As a student of economics, when you speak of scarcity, you are referring to the ability of society to…

2. (TCO 1) The idea in economics that “there is no free lunch” means that…

3. (TCO 1) (TCO 1) The law of increasing opportunity costs indicates that…

4. (TCO 1) A tradeoff exists between two economic goals, X and Y. This tradeoff means that…

5. (TCO 1) Which would not be considered as a capital resource of a business by an economist?

6. (TCO 1) The economy of Germany would best be classified as:…

7. (TCO 1) Markets in which firms sell their output of goods and services are called…

8. (TCO 1) Laissez-faire capitalism is characterized by…

9. (TCO 1) Which is not one of the five fundamental questions that an economy must deal with?

10. (TCO 1) The major “success indicator” for business managers in command economies like the Soviet Union and China in the past was…

11. (TCO 2) An increase in demand means that…

12. (TCO 2) At the point where the demand and supply curves intersect…

13. (TCO 2) Black markets are associated with…

14. (TCO 2) A headline reads “Lumber Prices Up Sharply.” In a competitive market, this situation would lead to a(n)…

15. (TCO 2) For most products, purchases tend to fall with decreases in buyers’ incomes. Such products are known as…