Economics Answers

Melissa buys an ipod for $100 and gets a consumer surplus of $80. what was her willingness to pay ? If she had bought the ipod on sale for $70, what would her consumer surplus have been? if the price of an ipod were $200 what would her consumer surplus have been ?
show all the above scenarios with diagrams

Is any or some of the borrowing by the U.S. Treasury via the issuance of treasury securities used to capitalize the lending operations by the Federal reserve? I'm not asking about open market operations whereby the fed purchases/sells securities, I'm talking about does the Treasury direct capital raised from security issuance to the Fed to capitalize lending? In other words, if the Treasury were to borrow 100 billion and accrue 1.4 billion in interest owed, why the hell doesn't the Fed just lend 100 billion and generate 1.4 billion in interest earned so that taxes are never required to service the debt? Shouldn't this be written into law? What am I missing here?

How may a "free good" be converted to "economic good." Consider an
economic issue to illustrate.

using the simple Keynesian(J.W) model to assess the implication for equilibrium GDP and level of serving at an increase in the serving function. what happens to the level of saving? what would happen to equilibrium income if there is a sustained rise in private investment spending?

assuming that the money market is initially in equilibrium, trace through the effects of a rise in the money supply on the money market on the interest rate and also on out put, employment and the price level

why might it be difficult to establish the extent to which a given rate of inflation is either demand pull or cost pull?

According to the rule for optimal input usage, a firm should hire a person as long as her
marginal revenue product is greater than her marginal cost to thecompany. It is well known that many companies have management training programs in which new trainees are paid relatively high starting salaries and arenot expected to make substantial contributions to the company until after the program is over (programs may run between 6 to 18 months). In offering such training programs, is a company violating the optimality rule? Explain in detail.

1. What does income inequality say about contemporary American society?
2. What should be done to address income inequality?
Make sure your answers include a point made from the article, graph, or survey you read using the following website.
http://learning.blogs.nytimes.com/2012/01/17/your-moneys-worth-examining-facts-and-attitudes-about-income-inequality/

What Should Be Done To Address Income Inequality and Poverty?

State your conclusion and a piece of statistical evidence that supports your conclusion,

A government report traces the economy's stagnation in the last 15 months to massive decline in spending on commercial construction, while residential construction grew at only half pace. of recent note, however is a fall in inventories. IN which category or categories of the national expenditures accounts, C, I, G, or X would these spending be recorded?