Can You Help With This Economics Question

Can you help answer these Economic questions?

Is a weak dollar a necessary market adjustment which will ultimately help our economic recovery and help find a sustainable level for the dollar? Or, is a drop in the dollar an economic disaster to which the Bush administration should respond?

Can someone help me with this economic question?

The most basic concept of economics is supply and demand - the law of supply is that if the price goes up the amount producers are willing to produce will go up. Conversely price down = quantity produced down.

An example - Crocs - the demand went up as they became popular and the price went up - as well as the number of copies. Does that cover it.

The exception is gas - it can not produce more fast enough to meet a rise in prices

Can you help me on an economics question?

Im not asking you to do this assignment or anything, just some help pointing me in the right direction. I need to explain what happen between those 2 time periods regarding aggregate supply and demand. Thank you :)


-Macropoland has just hired you as their economic advisor. You have a big job ahead of you. Using your knowledge of aggregate demand and aggregate supply, can you explain what happened in these two time periods?

Economics Question: Can you help with this?

Hi,
I'm stumped on this question! Any help is appreciated:

There are four consumers willing to pay the following:

Consumer Willingness to Pay:
R $8.00
O $7.00
J $5.00
M $2.00


And there are 4 salons with the following cost per cut:

Business Haircut Price:
A $3.00
B $6.00
C $4.00
D $2.00


Each business can produce no more than 1 haircut.
1. In the most efficient world, which companies should cut hair and which customers should get a haircut? (Note: It might be less than 4.)

2. How large is the maximum possible total surplus and what is the least possible surplus?

5 more Microeconomics Questions...can you help...need in 2.5hrs?

1. If the price falls below minimum SRAVC, the quantity supplied by the firm will be
a. the quantity at minimum MC.
b. zero.
c. the quantity at the point where MC intersects AC.
d. the quantity at minimum AC.
e. the quantity at minimum AFC.

2. Given an industry demand curve, QD = 20 – 2P, and an industry supply curve, QS = 2 + P, industry equilibrium price in the short run will be
a. $20.
b. $10.
c. $6.
d. $3.
e. $1.

3. Given an industry demand curve, QD = 20 – 2P, and an industry supply curve, QS = 2 + P, industry equilibrium quantity in the short run will be
a. 18.
b. 12.
c. 10.
d. 8.
e. 2.

4. Richard Bland quit his job as an accounting professor to start his own restaurant. He gave up a salary of $50,000 per year and withdrew $100,000 in bank CDs earning 5 percent to buy a building and equipment. In the restaurant’s first year it had direct expenses of $75,000 and revenues of $150,000. The restaurant’s economic profit was
a. $15,000.
b. $20,000.
c. $75,000.
d. $10,000.
e. zero.


5. In long-run equilibrium, the perfectly competitive firm produces
where P = MC = AC.
a. at the lowest point on its long-run average cost curve.
b. where its long-run average cost curve is tangent to its horizontal
c. demand curve.
d. where LRMC = LRMR.
e. All of the above are correct.

Can you help me with this a level economics question?

% change in demand for A/%change in demand for B = the cross price elasticity So if the effect of the change in b is negative on a, then the CE would be negative

1 - we don't know if the change is up or down for milk, so we can't know if the CE is negative
2 if income goes up, demand for tea goes down. so % change in A would be negative
3 We don't know the sign of the change in coffee
4 if tea is a normal good, then a decrease in income would have a negative effect on consumption of tea. Since income is B and Tea is A and they are both negative, we have a possitive cross price elasticity. The answer is 4

Can you answer this economics question?

This question looks like a price floor question, but the government hasn't really set a minimum price. Can you answer this question?

Until recently, angora goat wool (mohair) has been designated as a strategic commodity (it used to be utilized in some military clothing). Because of that, in 1992 for every dollar’s worth of mohair sold to manufacturers, ranchers received $3.60.
a. Demonstrate graphically the effect of the elimination of this designation and subsidy.
b. Explain why the program was likely kept in existence for so long.
c. Say that a politician has suggested that the government should pass a law that requires all consumers to pay a price for angora goat wool high enough so that the sellers of that wool would receive $3.60 more than the market price. Demonstrate the effect of the law graphically. Would consumers support it? How about suppliers?

Can anyone please help me with these economics questions thanks.?

THink about it man!

long-run aggregate supply is a fancy way of saying sustained growth in certain goods.

A) improvement in technology - definitely
B) decrease in capital stock - capital = assets. no assets, no growth
C) increase in price = high price, high demand, low supply
D) increase expected price = expectations of growth, increase supply
E) more laborforce - ofcourse this means growth, otherwise why are they working for?

I urge you to think a little before jumping online to find easy answers. Our current financial crises is attributed to people who didn't understand the implications of their actions. DOn't be one of them.