Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"

Economics Homework

I need help with a Economics question. All explanations and answers will be used to help me learn.

150 words only

Need assignment help for this question?

If you need assistance with writing your essay, we are ready to help you!






Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality

Once each assignment begins, at the end of each trading day the TA will post closing – or

settlement market prices on Canvas. However you are responsible for keeping track of your own

profit/loss situation and for keeping a record of your trades and price activity. For each assignment

you will trade the specific futures contracts outlined below. Daily settlement times range across

contracts and you can find information on daily settlement times at:


This will give you experience paper trading a total of 9 different futures contracts (3 assignments

each with 3 contracts). Prior to the beginning of each assignment, your task for each

contract is to study the market and then decide whether to buy (go long) or sell (go short) before

the first daily settle price is posted.

Each student will notify the TA whether they are initially going long or short for each of the

3 contracts. This will be handled through Canvas. At the end of the 2 weeks all open positions

are closed and you determine whether you made or lost money based on how prices moved over

the 2 week interval. The TA knows your market position and will check your math in your written

assignment against the price moves over the 2 week period, for each contract and for your portfolio

of all 3 contracts combined. For each futures derivative you will only buy/sell one contract for each

assignment. This means you will hold a total of 3 contracts for each assignment. The contracts will

be entered into on the beginning assignment date and then liquidated on the ending assignment


At the end of each assignment, each student will complete and submit a one page summary

with 50 words on each contract, for a total of 150 words, explaining why the prices tracked a

certain way during the 2 weeks. In the write-up, you will be asked to show the calculations behind

what the per-contract profit or loss is for each of the contracts. As part of the write-up, you will

be required to correctly cite at least one financial news article (WSJ, Economist, Financial Times,

Internet article, etc) for each of the commodities when explaining the price movement over the 2

week period. Please do not cut and paste market commentary from these sources or

you lose points.

Here are three links

Feb 2020 CME Gold futures (code GCG20). 100 ounces.

setttle prices:…

Mar 2020 ICE Sugar World (No. 11) (code SBH20). 112,000 lbs.

settle prices:… (click on Daily settlements in bottom right)

Jan 2020 NYMEX Natural Gas (code NGF20) 10,000 MMBtu.

settle prices:…

Economics Homework

1) Eileen is a hard-working college sophomore. One Tuesday, she decides to work nonstop until she has answered 250 practice problems for her physics course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem.

Time Total Problems Answered
8:00 AM 0
9:00 AM 100
10:00 AM 175
11:00 AM 225
Noon 250

Use the table to answer the following questions.

The marginal, or additional, gain from Eileen’s second hour of work, from 9:00 AM to 10:00 AM, is

Need assignment help for this question?

If you need assistance with writing your essay, we are ready to help you!






Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality



The marginal gain from Eileen’s fourth hour of work, from 11:00 AM to noon, is



Later, the teaching assistant in Eileen’s physics course gives her some advice. “Based on past experience,” the teaching assistant says, “working on 87.5 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same number of pages during each hour they spend reading.

Given this information, in order to use her 4 hours of study time to get the best exam score possible, how many hours should she have spent working on problems, and how many should she have spent reading?

0 hours working on problems, 4 hours reading

1 hour working on problems, 3 hours reading

2 hours working on problems, 2 hours reading

4 hours working on problems, 0 hours reading



2) Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the skirt:


Store Travel Time Each Way Price of a Skirt
  (Minutes) (Dollars per skirt)
Local Department Store 15 102
Across Town 30 85
Neighboring City 60 76

Juanita makes $42 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $42 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling.

Complete the following table by computing the opportunity cost of Juanita’s time and the total cost of shopping at each location.

Store Opportunity Cost of Time Price of a Skirt Total Cost
  (Dollars) (Dollars per skirt) (Dollars)
Local Department Store   102  
Across Town   85  
Neighboring City   76  

Assume that Juanita takes opportunity costs and the price of the skirt into consideration when she shops. Juanita will minimize the cost of the skirt if she buys it from the   .



3) The Social Security system provides income for people over age 65. If a recipient of Social Security decides to work and earn some income, the amount he receives in Social Security benefits is typically reduced.

The provision of Social Security gives people the incentive to save ________   while working. Moreover, the reduction in benefits associated with higher earnings gives people the incentive to __________   past age 65.

4) A 1996 bill reforming the federal government’s antipoverty programs limited many welfare recipients to only 2 years of benefits.

This change gives people the incentive to find a job ______   quickly than if welfare benefits lasted forever.

The loss of benefits after 2 years will result in the distribution of income becoming _______   equal. In addition, the economy will be __________   efficient because of the change in working incentives.



5) Explain whether each of the following government activities is motivated by a concern about equality or a concern about efficiency.

Activity Equality Efficiency
Regulating cable TV prices      
Providing some poor people with vouchers that can be used to buy food      
Prohibiting smoking in public places      
Breaking up Standard Oil (which once owned 90% of all oil refineries) into several smaller companies      
Imposing higher personal income tax rates on people with higher incomes      
Instituting laws against driving while intoxicated      

6) Which of the following statements support the reality that your standard of living is different from that of your parents or grandparents when they were your age? Check all that apply.

Many families have at least two cars per household, whereas having a vehicle was a luxury in the early 20th century.

A cutting-edge television comes with HD, 3D, and SmartTV technology, while your grandparents likely enjoyed a black-and-white television in the early years.

In the United States, the average person’s life expectancy was roughly 78 years old in 2010, but only 70 years old in 1960.

True or False: Labor unions are the primary reason the standard of living in the United States has changed over time.




7) During the Revolutionary War, the American colonies could not raise enough tax revenue to fully fund the war effort; to make up the difference, the colonies decided to print more money. Printing money to cover expenditures is sometimes referred to as an inflation tax.

Who is being taxed when more money is printed?

Banks only

Families of soldiers in active duty

Anyone who is holding money