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  • 1. Explain how regression results and arc elasticity measures can Economics Assignment Help - Question 1. Explain how regression results and arc elasticity measures can be used to derive measures of elasticity, which can then be used to estimate demand.2. Across (a) personal and (b) business users of this product (assuming that business users have more inelastic demand), apply own elasticity of demand as a quantitative tool to forecast changes in revenues, prices, and/or units sold. Muchuu is a wheat farmer who sells a bushel of wheat to millers for Question Muchuu is a wheat farmer who sells a bushel of wheat to millers for K10.00.The miller turns the wheat into flour and then sells the flour to a baker for K30.00. The baker uses the flour to make bread and sells the bread to a student for K60.00.The student eats the bread. What is the value added by each person? Calculate GDP. Clarice is an expected utility maximizer and her utility function Question Clarice is an expected utility maximizer and her utility function over money is given by u = x^(1/2) . Clarice's friend, Hannibal, has offered to bet with her $1,000 on the outcome of the toss of a coin. That is, if the coin comes up heads, Clarice must pay Hannibal $1,000 and if the coin comes up tail, Hannibal must pay Clarice $1,000. The coin is a fair coin, so that the probability of heads and the probability of tails are both 1/2 . Clarice has $10,000 and is trying to figure out whether she should take the bet. Note that if Clarice accepts the bet and heads comes up, she will have $10,000- $1,000=$9,000.(a) If Clarice accepts the bet, then if tails comes up, she will have how much money? (b) What is Clarice's expected utility if she does not accept the bet? (c) Does Clarice take the bet? Explain why or why not Clarice takes the bet. (d) Clarice later asks herself, "If I make a bet where I lose all my money, that is all my $10,000 if the coin comes up heads, what is the smallest amount that I would have to win in the event…

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  • Which of the following statements regarding the Financial Futures Market is NOT true: A) A futures contract is a - Question Which of the following statements regarding the Financial Futures Market is NOT true: A) A futures contract is a firm legal agreement between a buyer and a seller in which the buyer agrees to take delivery of something at the futures price at the settlement date and the seller agrees to make delivery. B) Futures contracts are leveraged instruments that can be used to control risk. C) Associated with a futures exchange is a central bank, which provides a guarantee function. D) Futures contracts are marked to market at the end of each trading day. Three In a perfectly competitive industry, the market price Question Question Three In a perfectly competitive industry, the market price is GH¢25. A firm is currently producing 10,000 units of output, its average total cost is GH¢28, its marginal cost is GH¢20, and its average variable cost is GH¢20. Given these facts, indicate whether the following statements are true or false and explain: What is a good indicator of increasing mismatch between cash flows Question What is a good indicator of increasing mismatch between cash flows and cash commitments resulting from unmet liquidity constraints in an economy? A) A rise in the short-term money market rate of interest B) A rise in the long-term interest rate on government securities C) A fall in the short-term money market rate of interest D) A fall in the long-term interest rate on government securities Traditionally on a repo transaction, the lender of money, because Question Traditionally on a repo transaction, the lender of money, because it is lending the more liquid asset, receives margin. What does this asymmetry indicate? A) It indicates the hierarchy between money and credit. B) It indicates the survival constraint. C) It indicates the price constraint. D) It indicates the segmented market restrictions. In January 2009, Greece government announced it would not honor its Question In January 2009, Greece government announced it would not honor its sovereign (government-issued) debt. Many investors were left holding Greece bonds priced at a fraction of their previous value. A few years later, Greece announced it would pay…

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  • 1. Assume Coal Ben is selling Hamburger plates that have an average - Question Get Answer 1. Assume Coal Ben is selling Hamburger plates that have an average cost of $3 at an initial price of $6 so that its sales are 25 hundred. Now suppose that using new equipment that pre-forms the burgers Coal Bens average costs per burger are reduced to $1, per data in the table below. a. Graphically depict the range of where the old and new equilibrium price and quantity demanded and supplied for this market will lie using the "Demand and Cost Model" (DCM) and explain your answer. (Note: In the DCM model the profit maximizing price equals the average of the intercept of the demand curve, in this case $11, and average cost.) b. What are the major differences between the SDM and the DCM?c. If Coal Ben was initially selling hamburgers at a price of $7, how much profit would it be making per day on hamburgers?d. If Coal Ben (a benevolent business!) wanted to "pass through" this entire cost reduction to benefit students and maintain the same daily hamburger profit after the decrease in cost, what price would it set? Consider that a perfectly competitive, constant long-run cot industry with identical firms is currently in long run equilibrium. The Question Consider that a perfectly competitive, constant long-run cot industry with identical firms is currently in long run equilibrium. The market demand is described by the equation Q = 2020 - 2P and the total cost function for each firm is C(q) = 0.5q2 10q 50. 1. With the long run equilibrium price in this industry? (4 points) The long run equilibrium price is $.2. Currently, how many firms are there in this industry? (4 points)Currently, there are firms in this industry.3. What is the short run market supply equation? (4 points) The short run market supply equation is Suppose consumers become pessimistic about the future and the market demand in this industry decreases to Q = 1620 - 2P. The current market price is $18.4. What is the firm's current (short-run) profit-maximizing level of output? (4 points) The firm's current (short-run) profit-maximizing level of…

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  • In this problem you consider how unemployment would affect the Solow - Question In this problem you consider how unemployment would affect the Solow growth model. Suppose that output is produced according to the following production function: ? = ? ? ((1 − ?)?) 1−? where K is the aggregate capital stock, L is the size of the population, and u is the fraction of the people that is unemployed. In other words, the (1 − ?)? expression represents the number of workers while L alone represents the number of people in total. The national saving rate is s, and capital depreciates or breaks at a rate δ.a. What is the general equation from our basic Solow model that explains how capital changes? ∆k = [something, fill in this part] How has US trade policy changes in the last two years affected global Question How has US trade policy changes in the last two years affected global trade activities by multinational corporations?What are the opinions of credible economists' on the long term effects of trade and tariff poliiy changes?What effects have the recent changes to trade and tariff policies had on the economy? Some feel the goal of K-12 schooling should be to implement instruction, Question Some feel the goal of K-12 schooling should be to implement instruction, curriculum, and assessment designed to improve economic growth and to educate students to compete in a global market. Explain why you feel this stance is most appropriate. Support your stance on if and how human capital economics should dominate school policies. Q3Consider the following Cobb Douglas production function: Y= K2/5L3/5. The rate of depreciation in the economy is 2% and Question Q3Consider the following Cobb Douglas production function: Y= K2/5L3/5. The rate of depreciation in the economy is 2% and the marginal propensity to save (mps) is 30%. Any output that is not saved is consumed and this is a closed economy. Population growth rate is zero.a. Continue with the same data with the exception that mps is unknown. Solve for the rate of investment which will ensure golden rule of consumption per capita (refer to the golden rule practice problem to be posted…

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  • Suppose we have one hundred different firms emitting pollution. The Ministry of the Environment - Question Suppose we have one hundred different firms emitting pollution. The Ministry of the Environment (MOE) currently regulates these firms by requiring specific pollution controlequipment to be installed by each firm. The MOE is considering issuing tradable permitsto each firm indicating how much pollution the firm may emit. Permits would be issued in such a way as to result in the same amount of pollution as the technology regulations. Discussthe implications of switching to tradable permits on the likelihood of seeing researchand development to reduce the cost of pollution control . Suppose in an election year the economy started to slow down. At the same time, clear Question Suppose in an election year the economy started to slow down. At the same time, clear signs of inflationary pressures were apparent. How might the central bank with a primarygoal of price stability react? How might members of the incumbent political party whoare up for re-election react? Suppose I estimate the following demand function for a tv: Q = 400 - 3P 4T .6A Question Get Answer Suppose I estimate the following demand function for a tv: Q = 400 - 3P 4T .6A Where:Q = quantity demanded in unitsP = price in dollarsT = tastes and preferencesA = Advertising expenditures in dollarsWe are currently operating at the following values:A = 10,000T = 8000P = 2800In addition, suppose MC is 2800Given all this, please answer the following questions:A. Derive the firm's current demand curve and calculate and interpret the firm's current price elasticity of demand.B. Given you answer in b, should the firm increase or decrease output in order to maximize profits? Explain and show your work on a well labeled graph. What is CDS (credit default swap)? How does it change? According to data on Turkey 5 years CDS's Question Get Answer What is CDS (credit default swap)? How does it change? According to data on Turkey 5 years CDS's Present the relationship between - CDS value and exchange rate - CDS value and benchmark interest rate. * make a comment on how spreads of CDS effect on exchange rate and…

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  • According to the given figure of the treasury yield curve in - Question According to the given figure of the treasury yield curve in the US as of June 2020, what is the market predicting about the movement of future short-term interest rates? What might the yield curve indicate about the market's predictions about the inflation rate in the future? Answer the question according to the yield curve theories. Consider the COVID-19 pandemic and the ongoing financial developments for building your arguments. (You should note several aspects regarding these rates and how it changed through time. Look at 3 main risk factors; default risk, liquidity and income tax considerations, and maturity if relevant.) Suppose demand is given by Q xd = 50 − 4Px 6Py Ax, Question Suppose demand is given by Q xd = 50 − 4Px 6Py Ax, where Px = $4, Py = $2, and Ax = $50. (a) What is the quantity demanded of good x? Please show your calculations.(b) What is the own price elasticity of demand (point elasticity) when PX = $4? Is demand elastic or inelastic at this price? Please explain.c) What is the cross price elasticity of demand between good X and good Y when PX = $4 (point elasticity) ? Are goods X and Y substitutes or complements? Please explain. -Give me a guideline -Topic Paragraph -Giving Question Get Answer -Give me a guideline -Topic Paragraph -Giving more details on the type of information, gathering some economic ideas/concepts/models I am thinking about. -Include a reason(s)s why this topic is particularly relevant or meaningful to personally. -Give more than my personal opinion -Can tie in with demand and supply, and investment in human capital, along with economic growth. During this pandemic, Coronavirus or COVID-19 is impacting the normal life of humans along with the global economy. We have to do things which we have never done before, such as studying online with Zoom. We are used to the conventional way of education, where there is a classroom, proper sitting arrangement, and a teacher. This environment encouraged us to study, to be attentive, to be sincere, and also it made us competitive. But today when…

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  • This lesson spoke to the history and evolution of our global economic Economics Assignment Help - Question This lesson spoke to the history and evolution of our global economic system and provided a brief overview of the history of global trade and discussed the World Trade Organization (WTO). Isn't it interesting how entrepreneurial creativity resulted in trade systems and that they continue to evolve today? The development of trade and resulting bartering for goods is integral to today's society. While global trade has been focused on economics, what are your thoughts on how global trade relates to social justice, human rights, environmental sustainability, and product safety? Respond to the following prompt in a post with a minimum of 150 words. Question Get Answer Respond to the following prompt in a post with a minimum of 150 words. In your own words, what is utility? Can utility be measured? Can you measure your own utility? Can someone else measure your utility? Why or why not? Can social welfare be measured by "adding up" peoples' utilities? Why or why not? If not by using utility, how can policy makers estimate the welfare of government policies? Consider the following fictional Balance of Payments Accounts ______________________________________________ Current Account Billions of Dollars Net Interest Income -20 Net Question Consider the following fictional Balance of Payments Accounts ______________________________________________ Current Account Billions of Dollars Net Interest Income -20 Net Transfers -7 Imports of goods and services -522 Exports of goods and services 490 Current Account Balance YYY ______________________________________________ Capital and Financial Account Billions of Dollars Net foreign investment in Canada XXX Statistical Discrepancy 0 ______________________________________________ Official Settlements Account 0 Official Settlements account balance 0SHOW YOUR WORK: Using the table above, calculate the following:a) Current Account Balance (YYY)b) Net foreign investment in Canada (XXX) which of the following values best completes the question mark in the spectrum? Question which of the following values best completes the question mark in the spectrum? a. economic equalityb. competition c.private propertyd.economic freedom! on the spectrum there is two arrows pointing opposite ends and one shows right and the other left on the left wing there is the question mark! 1. When McDonald's Corp. reduced the price of its…

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  • a. Using no less than 60​ words, explain why the bank rate is the - Question a. Using no less than 60​ words, explain why the bank rate is the upper limit for the inter bank market overnight rate. Elaborate your answer with numerical​ examples.b. Does the bank rate affect the supply or demand curve in the market for​ reserves? c. How does it affect the shape of the​ curve? Consider an industry consisting of two firms producing an identical product. The inverse Question Consider an industry consisting of two firms producing an identical product. The inverse market demand equation is P = 100 − 2Q. The total cost equations for firms 1 and 2 are TC1 = 4Q1 andTC2 = 4Q2, respectively.Suppose that the two firms are Bertrand rivals. The equilibrium levelof output for firm 1 is:a. 8.b. 10.c. 12.d. 24.e. None of the above.Suppose that the two firms are Bertrand rivals. The equilibrium levelof output for firm 2 is:a. 8.b. 10.c. 12.d. 24.e. None of the above.Suppose that the two firms are Bertrand rivals. The market price is:a. $4.b. $6.c. $8.d. $10.e. None of the above.Suppose that the two firms are Bertrand rivals. Firm 1 will earn aprofit of:a. −$100.b. $0.c. $10.d. $100.e. Cannot be determined from the information provided. Alfred Home Construction is considering the purchase of five dumpsters Question Get Answer Alfred Home Construction is considering the purchase of five dumpsters and the transport truck to store and transfer construction debris from building sites. The entire rig is estimated to have a initial cost of $125,000, a life of 8 years, a $5,000 salvage value, an operating cost of $40 per day, and an annual maintenance cost $2,000. Alternatively, Alfred can obtain the same services from the city as needed at each construction site for an initial delivery cost of $125 per dumpster per site and daily charge of $20 per day per dumpster. An estimated 45 construction sites will need debris, storage throughout the average year. If the minimum attractive rate of return is 12% per year, how many days per year must the equipment be required to justify its purchase? -Given that Cutco is already in Puerto Rico, is…

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  • Volkswagen AG has agreed to pay up to $14.7 billion to settle legal - Question Get Answer Volkswagen AG has agreed to pay up to $14.7 billion to settle legal emissions-cheating claims with regulators and owners of nearly 500,000 diesel-powered vehicles, a step toward resolving a significant portion of a crisis that sparked litigation and investigations across the globe and cost the German auto giant's chief executive his job.The total payout, detailed in hundreds of pages of settlement documents filed Tuesday in a San Francisco federal court, includes up to $10.03 billion to cover legal claims from owners of affected vehicles with two-liter diesel engines. Volkswagen will also pay $2.7 billion for an environmental remediation fund, and another $2 billion to be invested in promoting so-called zero-emission vehicle technology, court documents show.Volkswagen reached the civil settlement, the largest-ever for an auto maker, with the U.S. Justice Department, Environmental Protection Agency, Federal Trade Commission, California regulators, and consumer plaintiffs' lawyers. The settlement doesn't include other possible civil or criminal financial penalties that could later be levied by the Justice Department.Under the settlement's terms, U.S. motorists can either sell back or terminate leases of affected vehicles, or get them fixed to become compliant with environmental regulations. Volkswagen will repurchase vehicles at their September market value before regulators disclosed the auto maker's emissions-cheating. Vehicle owners opting for a fix must wait until the company wins government approval of an appropriate modification.All consumers, regardless of their choice, will receive additional compensation of between $5,100 and nearly $10,000 each. Drivers have more than two years to make a decision, and Volkswagen's tab will only rise to $10.03 billion if everyone opts for a buyback, according to court documents. The deal affects 482,000 diesel-powered vehicles with model years between 2009 and 2015, including Jettas, Passats, Beetles, Golfs and Audi A3s.The settlement is slated to go before U.S. Judge Charles Breyer for preliminary approval July 26 as part of sprawling litigation stemming from the emissions crisis consolidated in U.S. District Court in San Francisco. If the deal is approved on schedule, Volkswagen could begin buying back cars as early as October, court documents show.Write to Sara Randazzo a..o@wsj.com and Mike Spector…

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  • Maria has been asked to present on several financial aspects of an - Question Maria has been asked to present on several financial aspects of an organization. She tasks you with developing the sections of the presentation relating to globalization. The potential client, named Fourevr Enterprises, mentions it mostly operates domestically, both in terms of production and selling, because it is unfamiliar with and apprehensive to engage in globalization efforts. Operates as: Oil and gas exploration and productionyour presentation on the effects of international trade and globalization on Fourevr. Be sure to use graphs and economic models/tools to support your response to each of the bullet points. -How does international trade affect Fourevr, both domestically and in international markets? -How can existing or potential changes in trade policies affect Fourevr's operations? -Does it make sense for Fourevr to outsource or offshore the production of any of its inputs or any of its operations? Why or why not? -In what other ways might globalization affect Fourevr, both positively and negatively? In your response, consider the effects on Fourevr's prices, output, and profits. -What can Fourevr do to better position itself to benefit, or protect itself, from globalization? Assume the production function can be written as: ( )1 dy Lan L hA θ Question Get Answer Assume the production function can be written as: ( )1 dy Lan L hA θ θ −=   where h=human capital, LAND=the amount of land in the economy, A=productivity, y=income per-capita, and L=population. This economy has no physical capital. Land is in fixed supply. Assume h and A each grow at an exogenous positive rate and the parameter θ in the production function is positive and less than zero. A. From this equation and the mathematical rules for growth rates we have discussed in class, derive the equation for the growth rate of y in terms of parameters and variables that are growing exogenously. B. Assume the population growth rate is endogenously given by: 01 L gy ββ = , where β0 and β1 are positive parameters, based on the assumption that higher income per-capita induces a family to have more children. Prove that y eventually reaches a…

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  • Assume there are two countries, Country W is the technology leader - Question Get Answer Assume there are two countries, Country W is the technology leader and Country Z is the technology follower. Let W always have a larger share of the workforce in R You know the following about the economy of a country: Consumption function: C = 12 0.6(YD) Question You know the following about the economy of a country: Consumption function: C = 12 0.6(YD) Government spending: G = 20 Investment function: I= 25 -50r Tax collections: T=20 Domestic price level: P = 2 Nominal money supply: MS = 360 Real Money Demand: L(r,Y)=2Y-200r Production function: Y=N Labor supply: N=100 QUESTIONS:(a) Find an expression for the IS curve. (b) Find an expression for the LM curve. (c)Find the short-run equilibrium interest rate and output. Represent your results in a graph. Get Answer 1. (Full Ricardian Model: Advanced (30 points))Return to the setup for Problem 1. You do not need Question Get Answer 1. (Full Ricardian Model: Advanced (30 points))Return to the setup for Problem 1. You do not need to re-derive the PPFs for the U.S. and Canada. Just use the work you did there as needed. You will now solve a Ricardian model where I have made some small changes to the setup relative to what we did in lecture. This will not significantly change how you solve the model. The changes will be that the countries a) have different utility functions from each other, and b) while the utility functions are still Cobb Douglas, they will not have the .5 exponents on each good. In particular, the U.S. will have a slight preference for Steel and Canada will have a slight preference for Lumber. To be precise, here are the utility functions and marginal utilities:U.S.: U(S,L)=S.6L.4. This makes Canada: U(S,L)=S.4L.6. This makes You'll find that there will be something a little strange about the free trade outcome. I won't spoil the surprise. (Aren't you excited? Silly me, of course you're excited.) Be prepared.a. In autarky, what is the U.S. consumption/production of S and L? For Canada?b. What is the autarky utility level for the U.S.? For Canada?c.…

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  • 2. Price elasticity of demand:a. When the price of a bar of chocolate is $1.00, the quantity demanded is - Question 2. Price elasticity of demand:a. When the price of a bar of chocolate is $1.00, the quantity demanded is 100,000 bars. When the price rises to $1.50, the quantity demanded falls to 60,000 bars. Calculate the price elasticity of demand using the mid-point method. Based on your calculation, is this curve relatively more elastic or inelastic?b. Draw a graph of the changes above, mark the price effect and quantity effect on your graph. How big is the price effect? How big is the quantity effect? c. Which effect is dominating? How is this related to the price elasticity of demand? d. If the price elasticity of demand for used cars priced between $3,000 and $5,000 is -1.2 (using the mid-point method), what will be the percent change in quantity demanded when the price of a used car falls from $5,000 to $3,000? What is CDS (credit default swap)? How does it change? - Get historical data on Turkey 5 years CDS's Question What is CDS (credit default swap)? How does it change? - Get historical data on Turkey 5 years CDS's - Present the relationship between CDS value and exchange rate, and, CDS value and benchmark interest rate. * make a comment on how spreads of CDS effect on exchange rate and benchmark interest rate Statement 1: The holdup problem occurs when a girl looking to purchase Question Statement 1: The holdup problem occurs when a girl looking to purchase an ingredient to production from a competitive market cannot observe the quality of the ingredient at the time of purchase. Statement 2: Vertical integration is sometimes used to facilitate price discriminationAre any of these statements true? which ones? Statement 1: one strategy for creating value involves increasing product Question Statement 1: one strategy for creating value involves increasing product quality. This works as long as the customers willingness to pay rises by less than the cost per unit of the product.Statement 2: Reducing consumer transactions costs is an effective way to increase short term profit. Often this is done by lobbying government to raise the price of substitute products.…

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  • Firm A and Firm B operate retail malls. Both are trying to determine Economics Assignment Help - Question Firm A and Firm B operate retail malls. Both are trying to determine whether to increase advertising budgets during the holiday season or to keep them constant. Because of contract cycles, Firm A will have to make a commitment regarding an advertising budget before Firm B. Their alternatives and payoffs are displayed in the decision tree diagram. Use this information to determine each firm's optimal strategy and anticipated payoff. Fluidyne Corporation manufactures and sells water filters. The economic forecasting unit of the company has supplied the following demand Question Fluidyne Corporation manufactures and sells water filters. The economic forecasting unit of the company has supplied the following demand equation: QB= 2000 - 5PB 2.5PC 0.82Y 0.6AB (1200) (1.5) (1.2) (0.5) (0.2)Where,QB=quantity soldPB=price per unitPC=average unit price of competitor's product Y=income per householdAB=advertising expenditure R2= 0.86S.E.E=5Standard error of coefficients in parentheses (1200) (1.5) (1.2,) (0.5) , ( 0.2)Given, PB=$50, PC=$45, AB=$12,500 Y=$2,000a) Does each independent variable have a significant effect on the sales of Fluidyne water filters?b) Interpret the coefficient of variables that are significant?c) Interpret the coefficient of determination(R2)d) Determine the monthly quantity demanded sold (QB) for water filter?e) Is the quantity demanded for water filter (QB) sensitive to its own price?f) Is water filter a luxury or necessity? 2. Calculating the price elasticity of demand: A step-by-stepguide Suppose that during the past year, the price of a Question 2. Calculating the price elasticity of demand: A step-by-stepguide Suppose that during the past year, the price of a laptop computer fell from $2,100 to $1,820. During the same time period, consumer sales increased from 429,000 to 530,000 laptops.Calculate the elasticity of demand between these two price-quantity combinations by using the following steps. After each step, complete the relevant part of the table with the appropriate answers. (Note: For decreases in price or quantity, enter values in the Change column with a minus sign.)OriginalNewAverageChangePercentage ChangeQuantity Price Step 1: Fill in the appropriate values for original quantity, new quantity, original price, and new price.Step 2: Calculate the average quantity by adding the original quantity and the new quantity, and then dividing…

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  • For each event below indicate the outcome in the loanable funds market. Indicate - Question For each event below indicate the outcome in the loanable funds market. Indicate whether the supply or demand of loanable funds shifts and in what direction. Specify what happens to the real interest rate, the quantity of national saving and the quantity of investment. Unless specified, assume the government has a balanced budget.a. The amount Canadians can contribute to their Registered Retirement Savings Plan (RRSP) is increased.b. The federal government experiences a budget deficit as it borrows billions for Covid-19 spending. Suppose I estimate the following demand function for a tv: Q = 400 - 3P 4T .6A Question Suppose I estimate the following demand function for a tv: Q = 400 - 3P 4T .6A Where:Q = quantity demanded in unitsP = price in dollarsT = tastes and preferencesA = Advertising expenditures in dollarsWe are currently operating at the following values:A = 10,000T = 8000P = 2800In addition, suppose MC is 2800Given all this, please answer the following questions:A. Derive the firm's current demand curve and calculate and interpret the firm's current price elasticity of demand.B. Given your answer in a, should the firm increase or decrease output in order to maximize profits? Explain and show your work on a well labeled graph.C. What is the profit maximizing output and price? Show and explain all your work and match up your answer to your work in part c.D. Calculate a "advertising elasticity of demand." Based on this, by what percent should advertising expenditures increase in order to increase sales by 10 percent? Note: work from the original price and output levels, NOT the profit maximizing levels. Consider the regression between average hourly earnings (in dollars) and years of education (in years) on 14,925 individuals := Question Consider the regression between average hourly earnings (in dollars) and years of education (in years) on 14,925 individuals := -4.58 1.71 × educ , R2 = 0.182, SER = 9.30a) Interpret the coefficients and the regression R2.b) Is the effect of education on earnings large? explain.C) Why should education matter in the determination of earnings? Do the results suggest that there is…

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  • In calculating gross domestic product, Statistics Canada uses the sum of the market value of final goods and services - Question In calculating gross domestic product, Statistics Canada uses the sum of the market value of final goods and services produced. This means that Stats CanadaQuestion 7 options:values goods and services at their market prices, multiplies them by the quantity produced, and then adds them upsimply counts the total number of goods and services produced in the marketplace and then adds them upsimply counts the total number of goods produced in the market place and then adds them upvalues goods at their market prices, multiplies them by the quantity produced, and then adds them up 1. Suppose that Jamal can produce 4 bottles of wine or 4 yards Question 1. Suppose that Jamal can produce 4 bottles of wine or 4 yards of cloth in one day, while Sam can produce 6 bottles of wine or 8 yards of cloth in one day. What does Sam have an absolute advantage in? What does Sam have a comparative advantage in? A. Sam has an absolute advantage in neither product but a comparative advantage only in wine. B. Sam has an absolute advantage only in cloth and a comparative advantage only in cloth. C. Sam has an absolute advantage in neither product but a comparative advantage only in cloth. D. Sam has an absolute advantage in both products but a comparative advantage only in cloth. Imagine a hypothetical economy with two workers - Worker A and Worker Question Imagine a hypothetical economy with two workers - Worker A and Worker B. Assume that Worker A can produce either 10 bottles of wine or 5 yards of cloth in one day. Worker B can also produce wine and cloth.In order to have an absolute advantage in wine, Worker B will have to produce at least --------- bottles of wine. In order to have an absolute advantage in cloth, Worker B will have to produce at least --------------yards of cloth. You collect height and weight of 29 female and 81 male students at Question You collect height and weight of 29 female and 81 male students at your university. A regression of the weight…

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  • Consider the following goods and services. Which are the most likely - Question Consider the following goods and services. Which are the most likely to be produced in a perfectly competitive industry? Which are not? Explain why you made the choices you did, relating your answer to the assumptions of the model of perfect competition. Please address all of the examples below in your discussion.1. Coca-Cola and Pepsi 2. Potatoes 3. Private physicians in your local community 4. Government bonds and corporate stocks 5. Taxicabs in Lima, Peru—a city that does not restrict entry or the prices drivers can charge 6. Oats Hi,I kindly ask you an help with this questions:A) Consider Question Hi,I kindly ask you an help with this questions:A) Consider the values of TruEco. Now elaborate the values and core beliefs of this organisation based on its mission and vision statement? B) What are the unwritten values of the organisation? C) How do these values affect the level of customer service that clients are receiving? Thank you in advance Hi! Can you please help me to make a subgame perfect equilibrium analysis for this case? Question Hi! Can you please help me to make a subgame perfect equilibrium analysis for this case? Consider an ongoing sequence of pairwise marketing competitions between three companies with promotional campaigns of varying degrees of success. Each campaign involves comparative advertising belittling the target company. The company with the most loyal customers (call this firm "Most") enjoys 100 percent success when it attacks either of the others. The company with the least loyal customers ("Least") has a 30 percent success rate when it belittles either Most or "More." More experiences an 80 percent success rate. The firms each launch their advertising attacks one at a time in an arbitrary sequence. Least goes first and can attack either Most or More. More attacks second, and Most attacks third. If more than one of the opponents survives the first round of competition, the order of play repeats itself: Least, then More, then Most. Any player can skip his or her turn; that is, the three actions available to Least to initiate the game are as follows:…

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  • Refer to the Figure. After the implementation of the price floor, which of the following is true: - Question Refer to the Figure. After the implementation of the price floor, which of the following is true: A. producer surplus has increased from D E F to B D F.B. producer surplus has increased from D E F to B C D E F.C. consumer surplus has increased from A to A B C.D. consumer surplus has decreased from A B to A. Over the years, the market for milk in Germany has developed into Question Over the years, the market for milk in Germany has developed into a duopoly market where Firm 1 and Firm 2 are competing. Nevertheless, as the first entrant, Firm 1 has created advantages which rendered it as the market leader.The inverse demand function for the market is P= 100 - 0.75(Q1 Q2), and the cost function for both Firm 1 and Firm 2 is identical and given by Ci(Qi) = 4Qi.a. Under the above conditions, what is the market price for milk in Germany? b. What are the quantity produced by each Firm 1 and Firm 2, and the total production in the market? c. What is the profit for Firm 1 and Firm 2? d. What would be the market price for milk if there is no market leader and each firm makes an output decision under the belief that its rival will hold its output constant when the other changes its output level? Suppose an earthquake happened in a foreign country which is large Question Suppose an earthquake happened in a foreign country which is large enough to make significant changes in world financial markets. This earthquake led to significant amount of casualties in the country without much effect on the capital stock. What should be the effect of this on price level, real exchange rate, and nominal exchange rate of our small domestic economy in long run and from long run to very-long run? Explain in detail by showing the changes in the relevant markets ) In a closed-market economy with unionized labor, suppose unions Question ) In a closed-market economy with unionized labor, suppose unions suddenly get a significant…

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  • You are considering entering a market serviced by a monopolist in - Question You are considering entering a market serviced by a monopolist in US telecommunication industry. You currently earn $0 economic profits, while the monopolist earns $5. If you enter the market and the monopolist engages in a price war, you will lose $5 and the monopolist will earn $1. If a monopolist doesn't engage in a price war, you will each earn profits of $2.a. Write out the extensive form of the above game.b. There are two Nash equilibria for the game. What are they?c. Is there a subgame perfect equilibrium? Explain. d. you were the potential entrant, would you enter? Explain why or why not. Today's world is rapidly advancing in technology. Technological advancements have Question Today's world is rapidly advancing in technology. Technological advancements have improved business practices on one side and also reduced cost of various products onthe other side. Computer. Co also take advantage of this technological advancementand producing more quantity with lower cost. a. With low production cost, draw a supply-and-demand diagram to show the impacton price, quantity, consumer surplus, and producer surplus in the market forcomputers.b. Before computers, most of the students used typewriters for writing papers, whichwas then replaced by computers. Please explain and justify whether the typewritersand computers are complements or substitutes. What will be the impact on price,quantity, consumer surplus and producer surplus in typewriter industry (Showgraphically). Please also explain how the typewriter producers will react with thetechnological advancement in computers?c. With technological boom, software industry also witness advancement. With thehelp of supply and demand graph, show the impact on price, quantity, consumersurplus and producer surplus for software market. How will the producers insoftware industry will react with technological advancement in computers? If the cross-price elasticity of demand between Good A and Good B Question If the cross-price elasticity of demand between Good A and Good B is 3, the price of Good B increases, and the price elasticity of demand for Good B is inelastic, we can expect to see a ________ change in the quantity demanded for Good A.Group of answer choicesa. negative, infiniteb. positive, smallc. negative, one-for-oned. positive,…

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  • 1. This question requires effective research to gather pertinent labor Economics Assignment Help - Question 1. This question requires effective research to gather pertinent labor market statistics. Consider the source of your data. Official labor market statistics are gathered into "jobs reports" by the United States federal governmental agency: The Bureau of Labor Statistics or BLS.a. Find the following statistics on employment in April 2020:Unemployment rate: ______ Labor Force Participation Rate: _____ Employed population: ______ Population Not in Labor Force: ________b. Record the website address or source or your data below:c. Find the changes in each statistic from April 2007 to April 2020:Unemployment rate: ­­­­­­______ Labor Force Participation Rate: __­­___ Employed population: _____­­ Population Not in Labor Force: ______d. Briefly compare the health of the labor market in April 2007 to that described in April 2020.e. Briefly describe two important pieces of information about the health of labor market that the four statistics recorded in part a miss. Suppose the government provides some amount of a public good, but Question Suppose the government provides some amount of a public good, but it results in a reduction of private market's production of the good by the same amount as the government produced. In this case, a- the warm glow effect caused an increase in the net amount of the public good. b- private provision is fully crowded out. c- private provision is partially crowded out. d- private provision is not crowded out. give justifiable reasons for following (a) Point of inflection refers to minimum point on total cost. (b) Shut down Question give justifiable reasons for following (a) Point of inflection refers to minimum point on total cost. (b) Shut down point and breakeven point can be equal in some situations. (c) Marginal Revemue equals marginal cost to maximize total revenue. (d) Cartel equilibrium situation for two firms is always different from the stable equilibrium (e) Marginal revenue is equal to price is a characteristic of Oligopoly Together with the Monte Carlo histogram fig, explain the methodology Question Get Answer Together with the Monte Carlo histogram fig, explain the methodology to compute them; i.e., the idea behind the method and how you did it. The…

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  • -Each citation is followed by a brief (usually about one brief - Question -Each citation is followed by a brief (usually about one brief paragraph) descriptive and evaluative paragraph, the annotation. The purpose of the annotation is to inform the reader of the relevance, accuracy, and quality of the sources cited. -Annotate all of themBaker, K. (2020, May 18). Covid-19 is changing education for the better. Subscribe to read | Financial Times. https://www.ft.com/content/51496fde-98e7-11ea-871b-edeb99a20c6e.Burns, M. (2017, December 12). Online Education Business as a Tool to Boost Economy. Business 2 Community. https://www.business2community.com/tech-gadgets/online-education-business-tool-boost-economy-01972787.Chin, M. (2020, July 6). ICE says international students must take in-person classes to remain in the US. The Verge. https://www.theverge.com/2020/7/6/21315168/ice-immigration-international-students-universities-deportation.Herman, P. C. (2020, June). Inside Higher Ed. Online learning is not the future of higher education (opinion). https://www.insidehighered.com/digital-learning/views/2020/06/10/online-learning-not-future-higher-education-opinion.Lederman, D. (2020, March 25). Inside Higher Ed. How the shift to remote learning might affect students, instructors and colleges. https://www.insidehighered.com/digital-learning/article/2020/03/25/how-shift-remote-learning-might-affect-students-instructors-and.Li, C. (2020, April 29). The COVID-19 pandemic has changed education forever. This is how. World Economic Forum. http://www.weforum.org/agenda/2020/04/coronavirus-education-global-covid19-online-digital-learning/.Ozonian, S. (2020, June 5). How COVID-19 has shaped the push for remote online notarizations. Inman. https://www.inman.com/2020/06/08/how-covid-19-has-shaped-the-push-for-remote-online-notarizations/amp/.Sherman, J. (2016, August 31). The positive impact of online learning on society. GO1. https://www.go1.com/blog/post-positive-impact-online-learning-society.Shesgreen, D., Suppose that the government is considering charging a tax on each Question Suppose that the government is considering charging a tax on each movie ticket purchased. As a result, fewer movie tickets are purchased. This, in turn, affects many secondary markets. For example, people purchase less pop corn, but rent more movie videos. Under what circumstances can all the welfare effects of the tax be fully measured in the primary market (that is, the market for movies) that is directly affected by the tax? Explain. Under what circumstances is it also necessary to measure the effects of the tax in secondary markets that are indirectly affected by the intervention? Explain using an example. Use diagrams please. The graph shows the market for taxi services. The horizontal Question Get Answer The graph shows the market for taxi services. The horizontal axis measures the miles of taxi service provided per day, while the vertical axis measures the price charged per mile. The graph shows a downward-sloping linear…

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  • Two types of crops, Wheat and Corn, are substitutes and both are grown - Question Two types of crops, Wheat and Corn, are substitutes and both are grown and consumed in Iowa. Following a government incentive program, the number of farms growing Wheat increases in Iowa. 1. What is the impact on the market for Wheat in Iowa? Please explain, using a graph of demand and supply of Wheat, and please label the graph completely.2. What is the impact on the market for Corn in Iowa? Please explain, using a graph of demand and supply of Corn, and please label the graph completely. Please provide the answers to the following questions:1. It is Question Please provide the answers to the following questions:1. It is estimated that more than 2,000 students will apply for the MBA programs in Malaysia thisyear. Using the concept of net present value (NPV) and opportunity cost, explain when it isrational for an individual to pursue the MBA program.(4 marks)1. The general demand function for good A isQd = 600 - 4PA - 0.03M - 12PB 15T 6PE 1.5Nwhere Qd = quantity demanded of good A each month, PA = price of good A, M = averagehousehold income, PB = price of related good B, T = consumer taste index ranging in value from0 to 10 (the highest rating), PE = price consumers expect to pay next month for good A, and N =number of buyers in the market for good A.a. Interpret the intercept parameter in the above demand function.(2 marks)b. What is the value of the slope parameter for the price of good A? Does it have the correctalgebraic sign? Why do you say so?(2 marks)c. Interpret the slope parameter for income. Is good A normal or inferior? Explain.(3 marks)d. Are goods A and B substitutes or complements? Explain.(2 marks)e. Are the algebraic signs on the slope parameters for T, PE and N correct? Explain.(3 marks)f. Calculate the quantity demanded of good A when PA = RM5, M = RM25,000, PB = RM40, T =6.5, PE = RM5.25 and N = 2,000.(2 marks)1. What are appropriate measures of how sensitive the quantity demanded is to changes inprice, income, and…

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  • Can you explain why there are more women working in the U.S. labor - Question Can you explain why there are more women working in the U.S. labor force than men? Are women the primarily the head of household in the United States? Why do you suppose our real GDP would have grown whether there were additional women in the labor force or not? Can you explain whether it is easy for men or women to gain employment in the wake of COVID-19? c. You have just been given $8 of foreign aid. Consider all measures of poverty and inequality we Question Get Answer c. You have just been given $8 of foreign aid. Consider all measures of poverty and inequality we discussed in class. i. To reduce the share of the population in poverty, which measure would you target? How would you distribute the aid to reduce the share of the population in poverty as much as possible? Be specific about how much would go to which individuals. What is the new value of the measure you identified in (i) after this aid distribution?iii. To reduce the severity of poverty in this economy, which measure would you target?iv. How would you distribute the aid to reduce the severity of poverty? Be specific about how much would go to which individuals. What is the new value of the measure you identified in (iii) after this aid distribution?v. To reduce the amount of society's resources (total money in the society) required to eliminate poverty, which measure would you target?vi. How would you distribute the aid to accomplish this goal? Be specific about how much would go to which individuals. What is the new value of the measure you identified in (v) after this aid distribution? 1. Is there any relationship between the U.S. dollar value and the Question Get Answer 1. Is there any relationship between the U.S. dollar value and the global gold market price? If so, when the U.S. Fed increases the money supply to lower the market interest rate, what is the impact on the global gold market? Find a reference link (URL) to an article that supports your answer. 2. Bitcoin…

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  • According to Greener and Martelli, the main difference between quota - Question According to Greener and Martelli, the main difference between quota sampling and stratified sampling is (Pick the best answer.) quota sampling and stratified sampling focus on proportions of subgroups but quota sampling applies random sampling to the subgroups. quota sampling and stratified sampling focus on proportions of subgroups but stratified sampling applies random sampling to the subgroups. quota sampling focuses on proportions of subgroups and random samples while stratified sampling does not. quota sampling is based on clusters of the population of interest while stratified sampling is a fully random sample. According to Greener and Martelli, descriptive statistics help answer questions like (Pick the best answer.) who, what, why, when, where. who, what, when, where, how much, how often. what, when, who, how, where. who, what, how, why, when 1. A macroeconomic policy is called procyclical if it is expansionary Question Get Answer 1. A macroeconomic policy is called procyclical if it is expansionary during business-cycle booms and contractionary during troughs. A countercyclical policy, on the other hand, is contractionary during booms and expansionary during troughs. If the expansion and contraction of a macroeconomic policy is uncorrelated with business cycle ups and downs, it is consideredacyclical.If the source of macroeconomic fluctuations is a demand shock, then:a.Optimal fiscal policy is procyclical and optimal monetary policy is countercyclical.b.Optimal fiscal policy is countercyclical and optimal monetary policy is procyclical.c.Optimal fiscal and monetary policies are both countercyclical.d.Optimal fiscal and monetary policies are both procyclical.e.Optimal fiscal and monetary policies are both acyclical.10 points QUESTION 21. Consider an economy that has been steadily expanding for several years and is expected to continue growing at the same pace in the next couple of years. In this period, the ratio of budget deficit to GDP has been about 3 percent and public debt-GDP ratio has hovered around 100 percent. Both ratios as well as the interest rate and the inflation rate have been steady and are expected to remain so if economic growth continues at its current pace.However, this year a temporary reduction in the prices of imported production inputs is generating above-trend incomes in the private…

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  • 1. Using data from the most recent year, what is the flow of China’s - Question 1. Using data from the most recent year, what is the flow of China's FDI into the United States? What is the stock of China's in the United States? Relative to other countries whose multinationals undertake FDI in the United States, what is China's ranking-in both flow and stock-relative to other countries?2. Compare the flow (in the most recent year) and stock of FDI from in China versus the flow and stock of FDI from China in the United States. Which is bigger? Why"3. Why has China's OFDI received such sensational (but often unsubstantiated) media reporting regarding its scale and scope?4. Identify the largest FDI project (in terms of dollar amount) undertaken by Chinese multinationals in your country. Evaluate its pros and cons, and discuss whether its advantages to the host economy (that is, your country) outweigh the disadvantage. As suggested in the special section on time use, keep a diary of your Question Get Answer As suggested in the special section on time use, keep a diary of your time use by half-hour increments for 3 days; record studying, sleeping, working, leisure, and other uses. Then draw a time production-possibility curve, between leisure and all other activities. Locate each of your 3 days on the time PPF. Then put the average for all Americans on the same graph. How do you compare with the average person? A small professional sports franchise has decided to move to a ticket Question Get Answer A small professional sports franchise has decided to move to a ticket pricing system in which students and non-students( notice we didn't name non-students as" adult"!) are charged different prices. Their marketing department has estimated the demands of these two groups to be represented by the following: Non- student Demand: QNon-st=24-PNon-st. Student Demand: pSt=8You may assume that because student ID's are required both to purchase tickets and enter the arena, reselling tickets between the two groups is not possible.i. Student demand is relatively--- than students demand, reflecting, in part, the fact that student's view this good as more of a ----- than do non- students.a. Less elastic;…

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  • Go to the Bureau of Economic Analysis https://www.bea.gov (BEA) website and look at quarterly data from the last few Economics Assignment Help - Question Go to the Bureau of Economic Analysis https://www.bea.gov (BEA) website and look at quarterly data from the last few years of the National Accounts.Also, please visit the following links:Link 1 (Interactive Data - GDP and Personal Income - Table 1.1.6 - Real GDP, chained dollars) https://apps.bea.gov/iTable/iTable.cfm?reqid=19 Suppose that Sharon is an obstetrician at a small rural hospital, Question Get Answer Suppose that Sharon is an obstetrician at a small rural hospital, and she noticed that premature female infants had a higher survival rate than premature males. She suspected that the premature girls were able to suck sooner than premature boys. She chose a simple random sample of 1010 premature infant males and an independent random sample of 1010 premature infant females. She recorded the age in hours at which each infant was able to first take food orally. The data from the two samples are displayed in side‑by‑side stem plots below, where the leaf unit is hours. The data for males are to the left, and females to the right.44847361612233416067181813218626788444130111763614To decide if there is a statistically significant difference between the mean age when premature female infants can take food orally and the mean age when premature male infants can take food orally, Sharon plans to use a two‑sample t‑test for the difference of two means. The sample is random and the groups are independent, but these are not the only requirements for the test Sharon is considering.Is Sharon justified in using a two‑sample t‑test in this case?Yes, because the sample contains no significant outliers.No, because the distributions of two samples have different centers and spreads.No, because the correct procedure is matched pairs.No, because the sample sizes are too small if no information is given about the population distributions.Yes, because the sample contains no outliers and the sample sizes are large enough. For the question on the following pages, call the initial pre-shock Question Get Answer For the question on the following pages, call the initial pre-shock point: A; and call the after-shock point: B. I should see (only) points A and B in both graphs on the left side…

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  • In what ways are companies that fail different from those that continue - Question In what ways are companies that fail different from those that continue to do business? To answer this question, one study compared various characteristics of 7474 active and 2727 failed retail firms. One of the variables was the cash flow margin. Roughly speaking, this is a measure of how efficiently a company converts its sales dollars to cash and is a key profitability measure. The higher the percent, the more profitable the company.Using the pooled two‑sample procedure, the difference between the cash flow margins for active and failed companies was statistically significant ( =2.85, df=99, =0.005).(t=2.85, df=99, P=0.005). Because this study is a couple of years old, the researchers plan a similar study to determine if these findings continue to hold.Should a new sample have similar numbers of firms? Is it possible to save resources by using smaller samples and still be able to declare that the successful and failed firms are different? To answer this question, the researchers did some power calculations where they used the alternative 1− 2=12.00,μ1−μ2=12.00, chose the level of significance =0.05,α=0.05, and took the pooled value from the previous study, =19.59.s=19.59.If the true population standard deviation were 2525 instead of the 19.5919.59 hypothesized, would the power increase or decrease?Decrease. A larger standard deviation makes it more difficult to detect the given difference.Decrease. A larger standard deviation increases the number of degrees of freedom, which makes the test less powerful.Increase. A larger standard deviation decreases the probability of a type II error, which increases power.Increase. A larger standard deviation makes it easier to detect the given difference. Suppose you want to test for the Dynamic Granger causality between GDP (Y) and Energy Question Suppose you want to test for the Dynamic Granger causality between GDP (Y) and Energy Consumption (EC) whose model is given as follows:Δ = ∑ Δ =1 ∑ Δ 2 −1 =1 ∑ Δ 2 −1 =1 01 − (1) ΔEC = ∑ Δ 0 1 − =1 32 −1 (2) 2 31 −11 (i) By using the appropriate hypothesis, explain the four cases of short-run causality forequations (1) and (2).(ii) Long-run…

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  • Suppose that the demand and supply schedules for rental apartments - Question Get Answer Suppose that the demand and supply schedules for rental apartments in the city of Gotham are as given in the table below.Instructions: Enter your answers as whole numbers.a. What is the market equilibrium rental price per month and the market equilibrium number of apartments demanded and supplied? Market equilibrium rental price is: Market equilibrium quantity is:b. If the local government can enforce a rent-control law that sets the maximum monthly rent at $2,250, will there be a surplus or a shortage? (Click to select) Surplus Shortage Of how many units? How many units will actually be rented each month?c. Suppose that a new government is elected that wants to keep out the poor. It declares that the minimum rent that can be charged is $3,250 per month. If the government can enforce that price floor, will there be a surplus or a shortage? (Click to select) Surplus Shortage Of how many units? How many units will actually be rented each month? There are two discussion questions. You will need to answer both questions in order to receive full credit. Please review There are two discussion questions. You will need to answer both questions in order to receive full credit. Please review the Discussion SHORT ANSWER QUESTIONS (10PTS) -In the modern world there Question Get Answer SHORT ANSWER QUESTIONS (10PTS) -In the modern world there are many more influences on price than cost .List any five of them (5pts) -The price of a good is $1.20 per unit and annual demand is 800,000 units. Market research indicates that an increase in price of 10 cents per unit will result in a fall in annual demand of 75,000 units. What is the price elasticity of demand between prices of $1.20 and $1.30 per unit? (3 Pts) -EA has different rates for pensioner and adult. . What we call such kind of pricing strategy?(3pts) -If the firm wishes to discourage new entrants into the market. . What kind of pricing is appropriate?(3pts) -Economic theory argues that the higher the price of a good, the lower will be the quantity demanded.…

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  • Consider the following:Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country - Consider the following:Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing the products upon which the tariffs are levied.The term “trade deficits” is a misnomer. Every country’s trade is always in balance.Trade deficits do not mean the US no longer produces anything to export. The US is the world’s second largest manufacturer and the world’s second largest exporter of manufactured goods.Trade deficits reflect a strong economy. Trade deficits rise during economic expansions and fall during economic contractions. Unemployment falls as trade deficits rise and rises as trade deficits fall.Imports and exports are complements, not competitors. Both are necessary and both contribute to economic growth.Roughly one-third of all US imports and exports is trade between US multinational companies and their overseas subsidiaries.Foreign-owned companies operating in the US number in the thousands and provide directly or indirectly jobs for more than 13 million US workers (roughly, 10% of the US workforce).US trade deficit in goods in 2018 (as a % of GDP) was the same as it was 5, 10 and 15 years earlier.The rise in US goods trade deficit with China has not increased the US total goods trade deficit. It has been offset by reduced goods imports from other trading partners.There is a strong correlation between the rise in world trade and:The rise in world GDPThe dramatic fall in the world’s extreme poverty rateThe rise in world life expectancyFor every US manufacturing job lost to trade between 2000 and 2010, seven US jobs were lost to domestic productivity improvements. Those seven jobs cannot be brought back from overseas because they never left the US.Write a 700- to 1,050-word evaluation of credible economists’ unbiased opinions on the benefits, costs, and results of current US trade and tariff policies. Complete the following in your evaluation:Evaluate how US trade policy changes in the last 2 years affect global trade activities by multinational corporations.Discuss credible economists’ opinions on the long-term effects of trade and tariff policies changes in the last 2 years.Explain the effect of recent changes to trade and tariff policies have had…

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  • A state’s department of transportation (DOT) is considering whether to buy or lease an RFID tracking system for asphalt, concrete, - A state’s department of transportation (DOT) is considering whether to buy or lease an RFID tracking system for asphalt, concrete, and gravel trucks to be used in road paving. Purchasing the RFID system will cost $5000 per truck, with a salvage value of $1,500 after the RFID useful life of 5-years. However, the DOT considering this purchase is also looking at leasing this same RFID system for an annual payment of $3,500, which includes a full replacement warranty. Assuming that the MARR is 11% and on the basis of an internal rate of return analysis, which alternative would you advise the DOT to consider? Analyze incrementally using rate of return. The number of trucks used in a season varies from 5000 to 7500. Does this matter? (Use an MS Excel spreadsheet to solve and attach it with the answer, the formulas must be added in excel) Two homework question about Empirical Studies in Finance. Use your own word answer. Don't need whole paper. No copy.Q1In the Two homework question about Empirical Studies in Finance. Use your own word answer. Don't need whole paper. No copy.Q1In the paper "protection of trade secrets and capital structure decision", what is theassumption for us to obtain the consistent estimate of the treatment effects? Hint: This assumption is analogue to Assumption #1 of OLS regressions.Q2In the paper "How does hedge fund reshape corporate innovation", why did the authors try to match the target firms with non-target firms with similar characteristics?How’s the matching quality based on balance of covariates tests? This is everything. Use the Expenditure Equation for GDP (GDP = C I G XN). Using Question This is everything. Use the Expenditure Equation for GDP (GDP = C I G XN). Using your research skills, find the values for each sector for the years 1929 and 1933. Determine the percentage change for the two years. Explain the drastic change and what this meant for the U.S. population. Hint: This assignment will require that you do some research. Use the formulas applied in class to answer the questions specifically related to changes real GDP. 1. What…

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  • Read and summarize the paper “WHY MONETARY POLICY MATTERS: A CANADIAN PERSPECTIVE”. - Question Read and summarize the paper "WHY MONETARY POLICY MATTERS: A CANADIAN PERSPECTIVE". Format:Identify the main idea or theme of the paper.In your summary make sure to discuss why Bank of Canada focuses on the control of inflation rather than other macroeconomic variablesAlso discuss how the actions of banks influence the rate of inflationAlso make sure to discuss how monetary policy can deliver genuine and significant benefit to society. 1200 words minimum You are required to write a report to evaluate the economic performance of two countries in the 1200 words minimum You are required to write a report to evaluate the economic performance of two countries in the last 15 years. You should select two countries from the list below; • Bhutan • Brasil • China • India • Russia • Turkey • United Arab Emirates • United Kingdom • Zambia Your report should include the two countries’ economic systems with reference to the market mechanism, resource allocation and the role of government interventions in managing the economy. It should also explain the source of countries’ competitive advantages. The report should analyse the main macroeconomic indicators and trends over the last 15 years and compare the economic growth and welfare performance of the two countries. The aim of the task is to test your understanding on taught economic concepts including economic systems, national income and the circular flow of income, economic growth and welfare, business cycles and government macroeconomic objectives and policy intervention. The assignment will also test ability of effective interpretation by using linguistic skills and strategies and economic vocabulary. In your report, you are required to distinguish between the different economic systems, macroeconomic trends, objectives and policy interventions of two countries with a particular focus on economic growth. You need to demonstrate your ability in applying theoretical concepts to real situations and explain the strengths and limitations of GDP as a measure of economic welfare. Please use official statistical data, reported business news, academic reports and use economic diagrams and charts throughout the report to illustrate your points. You must ensure that this assignment is your own…

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  • Today’s transportation infrastructure makes international trade more efficient than intra-U.S. trade was 100 years ago. What this means is Economics Assignment Help - Question Today's transportation infrastructure makes international trade more efficient than intra-U.S. trade was 100 years ago. What this means is that it is easier today for a shirt made in China to get to California than it was for a shirt made in Georgia to make it to Missouri in 1900. The U.S. Constitution has always banned states from regulating trade between states. This amounted to a within United States free-trade agreement. Can we use the experience of the United States between 1900 and 2000 to predict what would happen in world trade if there was free trade across the globe? 1. Suppose that we modify the Solow growth model by allowing long-run Question 1. Suppose that we modify the Solow growth model by allowing long-run technological progress. That is suppose z = 1 for convenience and that there is labor-augmenting technological progress, with the production functionY = F (K, bN) Where b denotes the number of units of 'human capital' per worker, and bN is 'efficiency units' of labor. Letting denote future human capital per worker, assume that = (1 f)b where f is the growth rate in human capital a) Show that the long-run equilibrium has the property that = is a constant. At what rate does aggregate output, aggregate consumption, aggregate investment, and per capita income grow in this steady state? Explainb) What is the effect of an increase in f on the growth in per capita income? Discuss relative to how the standard Solow growth model behaves. Get Answer 1. Reinterprets the endogenous growth model as follows. Suppose that there are groups of people in a Question Get Answer 1. Reinterprets the endogenous growth model as follows. Suppose that there are groups of people in a country, the low-skilled workers and the high-skilled workers. The low-skilled workers have less human capital per person initially than do the high-skilled workers. In the economy as a whole, output is produced using efficiency units of labor and total factor productivity is z, just as in the endogenous growth model. Each individual in this economy accumulates human capital on their…

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  • Hello I need a tutor that is able to login to my canvas account to do 3 inquisitive assignments chapter - Hello I need a tutor that is able to login to my canvas account to do 3 inquisitive assignments chapter 7 chapter 8 and chapter 9. They are not time consuming and all answers can be easily found within the course or on the internet. I will provide my credentials once a tutor accepts my bid😍 Answers are due at 11:59pm tonight a. Draw a carefully labeled money market diagram to show the initial Question a. Draw a carefully labeled money market diagram to show the initial equilibrium of quantity of money and the price level.b. Now suppose that changes in bank regulations expand the availability of credit cards, so the people need to hold less cash. Show (on the same diagram you drew above in part a) and explain how this will affect the demand for money.c. If the Bank of Canada wants to keep price level stable, what should it do? Show this on the same diagram in a) and explain.Can you please help me with above question.Thanks! Choose two countries to compare and contrast. Identify and describe Question Choose two countries to compare and contrast. Identify and describe which model of healthcare system that each country uses to deliver healthcare to its citizens. Describe at least two main strengths from the particular type of system that each country offers. (You'll need to back this up with data, so read all directions before choosing.) Describe at least two main weaknesses from the particular type of system that each country offers. (You'll need to back this up with data, so read all directions before choosing.) Use at least one real-world data point that supports your discussion of each strength and each weakness. Maybe it's a spending data point, or maybe it's a quality of life data point. The data may support the argument, or the data may contradict the argument. Neither outcome is necessarily wrong. Just discuss what reasons you think may explain the result. Be sure to collect at least four different pieces of data for each country (one data point per country for each strength or weakness…

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  • Suppose you have hired a new worker, unfortunately you do not know - Question Suppose you have hired a new worker, unfortunately you do not know if the worker is a shirker or a hard worker. Suppose working hard raises the probability of making a sale from 40% to 80% (thus raises the probability of making a commission C by the same percentage). If the cost of working harder is $150,what commission C should you offer the worker to provide an incentive to work hard. (5 points) 1)Post either a print ad (and the link to where you found it), or Question Get Answer 1)Post either a print ad (and the link to where you found it), or a link to a video of an ad that you believe is novel but not relevant to the product or service.https://www.youtube.com/watch?v=Bxmkiy9txBE (orbit gum)2) Discuss why you think the client approved this ad.3) For your discussion on other students' ads, please discuss whether you agree or disagree with what the student said, and also give your insights into the ad (for example, do you agree with the initial post's evaluation) and why you think it may have been approved. Consider the following version of the Cournot duopoly game. Inverse Question Get Answer Consider the following version of the Cournot duopoly game. Inverse demand is p(q) = max {2 - q,0} (feel free to ignore the non-negativity constraint and let p(q) = 2 - q) and both firms have constant unit cost c= 1. Firms simultaneously pick quantities q1 1. This question is based on the article, "The German economy: Question 1. This question is based on the article, "The German economy: Clouds ahead", published by The Economist on June 7, 2014. Jun 5th 2014BERLINAFTER months of procrastination, the European Central Bank acted on several fronts on June 5th to counter low inflation, currently just 0.5% in the euro zone. The ECB lowered its main lending rate from an already low 0.25% to 0.15%. More important, it became the first big central bank to resort to negative interest rates by lowering its deposit rate, paid to banks parking funds with it, from zero to minus 0.1%—in effect…

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  • 1. Consider an individual whose utility function over income I - Question 1. Consider an individual whose utility function over income I is U(I), where U is increasing smoothly in I and is concave. Let IS = 0 be this person's income if he is sick, let IH a. On the basis of the three individual demand schedules below, and Question a. On the basis of the three individual demand schedules below, and assuming these three people are the only ones in the society, determine the collective demand schedule on the assumption that the good is a public good. b. Use the public demand schedule above and the following supply schedule to ascertain the optimal quantity of this public good. A shoe store has inventory for the same shoe style with the following purchase prices: Question A shoe store has inventory for the same shoe style with the following purchase prices: 60 pairs at $50.0050 pairs at $45.0020 pairs at $55.00They are selling these shoes for $48.85 plus a profit markup. Which inventory system are they using?Group of answer choices Periodic First in First Out (FIFO) Last in Last Out (LILO) Moving Average Get Answer (a) Import the BigMac.xlsx data into RStudio. Calculate the predicted exchange rate per U.S. dollar by dividing Question Get Answer (a) Import the BigMac.xlsx data into RStudio. Calculate the predicted exchange rate per U.S. dollar by dividing the price of a Big Mac in local currency by the U.S. price of a Big Mac ($2.51). That is, add a variable to your data frame named PredictedExRt which is equal to BigMacPrice divided by 2.51 (b) Run a regression of the actual exchange rate on the predicted exchange rate. If purchasing power parity held, what would you expect the slope and the intercept of the regression to be? Is the value of the slope and the intercept "far" from the values you would expect to hold under PPP? (Hint: if the PPP holds, it means that the predictedExRt should be nearly the same as ExchRate or a perfect correlation) (c) Plot the actual exchange rate against the predicted exchange rate. Include the 45 degree line in your…

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  • A shoe store has inventory for the same shoe style with the following purchase prices: - Question A shoe store has inventory for the same shoe style with the following purchase prices: 60 pairs at $50.0050 pairs at $45.0020 pairs at $55.00They are selling these shoes for $48.85 plus a profit markup. Which inventory system are they using?Group of answer choices Periodic First in First Out (FIFO) Last in Last Out (LILO) Moving Average Suppose that an oil refiner in Houston refines 10,000 barrels. of Question Suppose that an oil refiner in Houston refines 10,000 barrels. of Crude oil every month that she procures from the spot market. The current cash price of Crude oil is $35/barrel. in the spot market and the NYBOT June Crude Oil Futures price is $38/barrel. The size of NYBOT Crude Oil Futures is 1,000 barrels. The refiner decides to fully hedge her expected cash position using 10 Call options on NYBOT June Crude Oil Futures with SP = $35/barrel. and premium C = $2/barrel. After 2 months, both cash price and Futures price increase -- CP = $38/barrel. and FP = $40/barrel. What would be the refiner's net cost per barrel of crude oil after purchasing crude oil from the cash market and lifting the hedge? Please enter just the numeric $ value. Get Answer Case 8-1 Research Triangle Software Innovations (a GVV case)[The following information applies to the questions displayed below.] Question Get Answer Case 8-1 Research Triangle Software Innovations (a GVV case)[The following information applies to the questions displayed below.] Research Triangle Software Innovations is a software solutions company specializing in enterprise resource plan­ning (ERP) business management software. Located in the Research Triangle Park, North Carolina, high-tech area, Research Triangle Software Innovations is a leader in ERP software. Oak Manufacturing is located in Raleigh, North Carolina. Oak is a publicly owned company that produces oak barrels for flavoring and storage of wine products. As the largest company of its kind in the Southeast, Oak Manufacturing serves all 50 states and other parts of North America. Tar As an economic advisor to a local business you have been requested Question As an economic advisor to a local business you…

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  • The below mentioned article is required to be Summarized and identify the steps - Question The below mentioned article is required to be Summarized and identify the steps taken by government to battle with poverty.Battling poverty amid economic slowdownBy Jawaid BokhariUnder mounting political pressure, Prime Minister Imran Khan isrebranding, revamping and expanding social safety nets for thepoor hit by the ongoing stability programme and economicdownturn.However, the PTI's overall plan is not much different from the traditional ones the previousgovernments tried to reduce poverty. Operating on the periphery, such programmes do little toimprove livelihoods or stimulate mainstream economic activities in any meaningful way.The overall development spending by the government and private investment, which create jobsand shore up economic growth, are at a low ebb with a not-so-promising outlook for recovery.No country can witness progress if there is a small fraction that is well-off among a sea of poorpeople, says Prime Minister Khan.It is true that orthodox policies have failed to deliver sustainable GDP growth. Often the inferiorquality of growth does not create jobs or reduce poverty. Decent jobs with fair wages are gettingscarce. GDP also does not measure the living standards of the teeming millions. With little focuson human resource development, growth is not socially sustainable.The move initiated in the early 1970s to evolve a long-term, people-centred developmentstrategy to mainstream the poverty issue died down as governments struggled to resolve onecrisis after another by taking the same "correction course" again and again while expectingdifferent results. Pakistan signed up for International Monetary Fund (IMF) programmes 22times.Unskilled labour suffering from malnutrition is producing low value-added goods from aglobally uncompetitive, narrow industrial base.Cheap, illiterate and unskilled labour, often suffering from malnutrition or ill health, is engagedto produce low value-added goods from a narrow, globally uncompetitive industrial base.Industrial diversification is hamstrung by poor social and physical infrastructure and not-so-congenial business environment.With the slack in domestic demand for goods and services, and stagnant exports, the installedindustrial capacity in Pakistan (also suffering from low agricultural productivity) remainsunderutilized.Economist Sakib Sherani suggests: "Swap existing high-cost loans with subsidised credit forhigh spill-over sectors (with high linkages and employment intensity... subsidise wages to protectjobs."The process of capital formation required for fresh fixed investment and distribution…

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  • -What needs to be done if a delivery does not meet specifications - Question -What needs to be done if a delivery does not meet specifications or legislative temperature requirements or is spoilt or contaminated? Who needs to be informed? -What are the humidity and ventilation requirements for dry store, cool room and freezers? What are the requirements for monitoring and documentation? -What are the provisions for effective pest control and maintenance requirements? In an effort to reduce alcohol consumption, the government of economy XYZ is considering $1 Question In an effort to reduce alcohol consumption, the government of economy XYZ is considering $1 tax on each gallon of liquor sold (the tax is levied on producers). Suppose that the demand curve is QD = 500,000- 20000P (where QD is the number of gallons of liquor demanded and P is the price per gallon), and the supply curve for liquor is Qs = 30000P (where Qs is the number of gallons supplied)In an effort to reduce alcohol consumption, the government of economy XYZ is considering $1 tax on each gallon of liquor sold (the tax is levied on producers). Suppose that the demand curve is QD = 500,000- 20000P (where QD is the number of gallons of liquor demanded and P is the price per gallon), and the supply curve for liquor is Qs = 30000P (where Qs is the number of gallons supplied) a. If oil executives read in the newspaper that massive new oil supplies Question a. If oil executives read in the newspaper that massive new oil supplies have been discovered under the Pacific Ocean but will likely only be useful in 10 years, what is likely to happen to the supply of oil today? What is the likely equilibrium impact on the price and quantity of oil today? b. If oil executives read in the newspaper that new solar-power technologies have been discovered but will likely only become useful in 10 years, what is likely to happen to the supply of oil today? What is the likely equilibrium impact on the price and quantity of oil today? c. What's the short version of these scenarios? Fill in the blank:…

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  • As Latino- and Asian-Americans are the two fastest growing minority - Question Get Answer As Latino- and Asian-Americans are the two fastest growing minority groups, once their totals are added with African-Americans, non-Hispanic whites are expected to become an increasingly smaller proportion of the U.S. Some predict this shift will make us a more multi-racially balanced democracy. Yet, others expect that a segment of this growth spurt will "become white" as other ethnic groups have in the past; thus maintaining white dominance in the U.S.Which prediction do you think is more likely to happen? Support your position with at least three points of evidence from the course. Thereafter, discuss the evidence that the "other side" would use to counteract you, and explain why, despite this evidence, you stand by your prediction. a. A dramatic slowdown of the world economic growth caused in Question Get Answer a. A dramatic slowdown of the world economic growth caused in large part by COVID - 19 crisis led to a reduction of foreign demand for Canadian products. Show the effect on the Aggregate Expenditure function, and explain if an Aggregate Demand curve will shift rightward, leftward, stays the same or the movement will be along the Aggregate Demand curve. Support your answer with graphs and words.b. Explain how events such as those described in (a) above (that is, the reduced foreign demand for Canadian goods) will affect the price level in Canada. Show the effect of the price level change on the Aggregate Expenditure function, and also on the Aggregate Demand curve by showing if the Aggregate Demand will shift rightward, leftward, stays the same or the movement will be along the Aggregate Demand curve. Support your answer with graphs and words. Assume that there are two economies, A and B. Economy A is experiencing Question Assume that there are two economies, A and B. Economy A is experiencing an inflationary output gap, and economy B is experiencing a recessionary output gap.a. Illustrate the two economies in labeled graphs.b. Explain what will happen to wages and other factor prices in economy A and if this will increase or decrease firm's unit cost. c. Given your…

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  • A Model of the Real Exchange Rate in the Long Run The determinants - Question Get Answer A Model of the Real Exchange Rate in the Long Run The determinants of the real exchange rate work through factors that account for deviations from PPP; that is, the factors that tend to hinder trade:o Transportation costs.o Imperfect competition.o Differences in institutions, government regulations, and taxes. Macroeconomics Background Note 6 4 - To examine the consequence of these factors for the real exchange rate, first note that the cost of production of goods in each country can be broken down into easily tradable components and non- tradable components. -o For example, the wheat used in a Big Mac is easily tradable, but the cooking services are not. Another example is shirts: the shirts themselves are tradable, but the marketing, distribution, and sales efforts typically require non-tradable local labor, transportation, shop floor, insurance, etc.. - Equation (6.1) has an important message. To understand the long run movements in the real exchange rate, we must understand the determinants of PN/PT. This boils down to analyzing the determinants of non-tradables prices because the tradables price index is determined by the prices in international markets, which can generally be treated as given. -o The real exchange rate is higher in countries where the relative price of nontradables is higher. -o Another factor in the deviations from PPP is obviously the share of non-tradables in the price index for all products, . The movements in is factor have much longer trends driven by technology and trade policies. We will not focus on this factor here. - In the long run, the relative price of non-tradables depends on supply and demand conditions in each country.Macroeconomics Background Note 6 5 Consider an increase in Japanese productivity in producing tradable products.o This was, indeed, a core aspect of Japan's economic policy after World War II and was coordinated by the government through industrial and trade policies, especially in the form of directing bank credit to exporters. This policy also meant that there were less resources being invested in non-tradable goods and services.o As the productivity in the tradable sectors of the Japanese economy grew,…

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  • We have learned a specific model of international trade in this course, - Question We have learned a specific model of international trade in this course, which includes a horizontal line at the world price. Which scenario below would be the most appropriate case to use this model?Group of answer choicesThe Australian market for sneakers.The US market for smartphones.The Chinese market for sneakers.The Australian market for iron ore. 1.Suppose there is a permanent decrease in demand for buffet-style Question 1.Suppose there is a permanent decrease in demand for buffet-style restaurants. Explain how you think this would impact profits for firms in that market in the short run, and in the long run.2.Use the concept of externalities to explain why if left to private decisions, the usage of face masks to prevent the transmission of COVD-19 is likely to be inefficiently low.3.Consider the individual described below. Which type of unemployment would you suggest that they most likely belong to? Explain.An international student has just finished their economics degree at The University of Adelaide. Recruiters from government agencies where they have suitable jobs have told her that her CV makes her an excellent candidate for their graduate programs, however she is not eligible for them because she does not have Permanent Residency. She will keep looking for a job in Adelaide at a private sector firm, but is worried that it may be difficult to find one during the current COVID-19 economic crisis. In the Energy Gel case, Wickler, Leiter and Nanzen argue about how Question Get Answer In the Energy Gel case, Wickler, Leiter and Nanzen argue about how to allocate costs for a new product launch. HPC wants to launch gels if its revenues minus incremental (relevant) costs provide an acceptable return on invested capital. Any costs that HPC will continue to incur without launching gels are irrelevant to the decision to launch gels. The only costs that are "relevant" are incremental costs—i.e., costs that gels cause, which don't exist if gels are not introduced. Using the principle of relevant costs for the gel launch decision, evaluate and resolve the argument among Wickler, Leiter, and Nanzen, summarizing the correct approach Consider the individual…

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  • Consider the individual described below. Which type of unemployment would you suggest that they most likely belong to? Explain.A - Question Consider the individual described below. Which type of unemployment would you suggest that they most likely belong to? Explain.A woman working as a casual University lecturer for the past 7 years has recently lost her job due to the downturn in international student numbers due to COVID-19. Reduced student numbers are a problem at all local institutions due to these circumstances. She knows that there are jobs available in her field at regional Universities that have been less impacted, but she does not want to move far away from Adelaide due to her need to care for her ill sister. 1. This question is based on the article, "The German economy: Question Get Answer 1. This question is based on the article, "The German economy: Clouds ahead", published by The Economist on June 7, 2014. Link to ARTICLE: https://www.economist.com/finance-and-economics/2014/06/05/clouds-ahead(a) According to the article, German labor market has done well since the second half of 2000s. What are the two main reasons given by the article for this outcome? Please support your conclusions with appropriate quotations from the article. [10]Answer:(b) The article points out that Germany has been under-investing between the early 2000s and early 2010s. What evidence does the article present for Germany's under-investment in that period? [5] According to the article, what are the likely consequences of low investment for productivity growth in the German economy? [5]Answer:(c) According to the article, what role has the government played in Germany's under-investment? [5] What is the likely impact to this aspect of government policy on Germany's long-run real exchange rate, based on the model(s) of exchange rate determination discussed in Module 6? [5]Answer:(d) The article claims that Germany's services sector requires an array of reforms. If the proposed reforms are implemented and those reforms end up raising the productivity of Germany's service sector, what would be the impact on Germany's competitiveness vis-à-vis its trading partners? Please make sure to explain the mechanism that supports the answer you provided. [10] Using the regression results and the other computations from Assignment Question Using the regression results and the other computations from Assignment…

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  • In the circular flow of a simple economy with only households and businesses: - Question In the circular flow of a simple economy with only households and businesses: Group of answer choicesbusinesses sell resources so that they can earn income.households buy goods with income they earn from their resources.businesses sell output in order to consume goods.households sell output in order to save. 1. According to "New Study on Collaborative Execution Finds Supply Question Get Answer 1. According to "New Study on Collaborative Execution Finds Supply Chain Collaboration Can Improve Operational Metrics by 50 Percent or More" (Bloomberg, 2012)By a ratio of nearly two to one, supply chain professionals agreed that one of the biggest barriers to successful collaboration is a slow issue resolution process. This was identified as a systemic problem related to the quality of information flow, in terms of both the granularity (level of detail) and timeliness of data shared.And 92 percent of respondents agreed that rapid problem resolution was part of good collaboration. True collaboration can be defined in terms of speed, both in problem solving and in organizational learning. More than half of the responses indicated that speed of response in truly collaborative relationships was twice as fast or faster, with learning curve improvements more than 50 percent greater than in non-collaborative trading partner relationships. a. Discuss why supply chain partners may not be able to resolve issues quickly. Consider information flows in your discussion. b. What impacts might slow problem (issue) resolution have on the supply chain? c. Based on your answer to (a), discuss which enterprise systems could speed up problem resolution. d. What is meant by learning curve improvements?2. In your opinion, what might limit the growth of 3D printing?3. Distinguish between ERP and SCM software. In what ways do they complement each other? Why should they be integrated?4. State the business value of enterprise systems and how they can be used to manage the supply chain more effectively.5. What problems are encountered in implementing ERP systems?6. Find examples of how two of the following organizations improve their supply chains: manufacturing, hospitals, retailing, education, construction, agribusiness, and shipping. Discuss the benefits to the organizations.7. It is claimed…

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  • Ivy lives in a world where there are only two goods, X and Y. Her utility function per period is given by: - Question Ivy lives in a world where there are only two goods, X and Y. Her utility function per period is given by: U = 30x - 0.5x2 40y - y2 (a) Calculate Ivy's utility-maximizing amount of X and Y. (b) Redo part (a) if the price of X is $10 and the price of Y is $5 and Ivy's income is $670. (c) Show that at the point of utility-maximization in (b) the ratio of marginal utility of the two goods equals their price ratio. (d) Provide a one-sentence interpretation for the value of the Lagrangian multiplier obtained in (b). (e) At what income level is Ivy's utility of money maximized? (f) Using the answers from earlier parts, calculate Ivy's income elasticity of demand for good X and Y. Suppose a drug manufacturer sells a new drug for twitchy feet. The Question Get Answer Suppose a drug manufacturer sells a new drug for twitchy feet. The market demand curve for the drug is P=105-3Q, where P is the market price and Q is the market quantity. Also suppose the marginal cost for manufacturing is 40/ unit.A) Assuming the firm is an unregulated monopolist, what quantity and price should the firm offer?Quantity =.Price = $B) Now suppose, the manufacturer has identified two separate classifications of customers for their twitchy feet product. Because of legal restrictions, the drug cannot be bought by one group of customers and sold to the other. The demand expression for group one is P1=120-6Q1. The demand expression for group 2 is P2=90-6Q2. MC is still 40.Determine the price and quantity that should be offered to each group.Quantity Market 1= .Price in Market 1 =$.Quantity in Market 2 =.Price in Market 2 = $.C) Suppose the monopoly has broken up into two separate companies. The demand function is still P=105-3Q as part A. The firms do not collude and the firms have identical marginal cost functions (MC1=MC2=40.). Also assume they are Cournot duopolists. Determine the quantity and price of each firm.Quantity for firm 1: .Quantity for firm 2: .Price in each market: $.D) Now assume these firms…

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  • .Define the following terms: total revenue, total cost, profit, explicit costs, implicit costs, economic profit, accounting profit, production function, - Question .Define the following terms: total revenue, total cost, profit, explicit costs, implicit costs, economic profit, accounting profit, production function, marginal product, diminishing marginal product, fixed costs, variable costs, average total cost, average fixed cost, average variable cost, marginal cost, efficient scale, economies of scale, diseconomies of scale, constant returns to scale?What is the relationship between a firm's total revenue, profit, and total cost?Give an example of an opportunity cost that an accountant might not count as a cost. Why would theaccountant ignore this cost?Give an example of an opportunity cost that an accountant might not count as a cost. Why would theaccountant ignore this cost?What is marginal product, and what does it mean if it is diminishing?How and why does a firm's average-total-cost curve differ in the short run and in the long run?Define economies of scale and explain why they might arise. Define diseconomies of scale and explain why they might arise?Define elasticity ?Define price elasticity of demand?Define income elasticity of demand?List and explain the four determinants of the price elasticity of demand? If demand is elastic, how will an increase in price change total revenue? ExplainDefine cross-price elasticity of demand?Define price elasticity of supply?What do we call a good with an income elasticity less than zero?If the elasticity is greater than 1, is demand elastic or inelastic? If the elasticity equals zero, is demand perfectly elastic or perfectly inelastic?If a fixed quantity of a good is available, and no more can be made, what is the price elasticity of supply? Right now many economies in the world are experiencing a downturn due to the Corona Virus. Question Right now many economies in the world are experiencing a downturn due to the Corona Virus. a) What kind of fiscal policy can governments use to address the decline?b) What actions will be taken by the government in implementing the fiscal policy that you described in part a? c) What will be the effect on Aggregate Demand (if any) as a result of the actions taken in part b? d) What will be the effect on Aggregate Supply (if any)…

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  • 1. One characteristic of the US banking system is that a. most - Question Get Answer 1. One characteristic of the US banking system is that a. most US non-financial firms obtain external financing through direct finance. b. bank loans are the primary source of external financing for US non-financial firms. c. direct finance is much more important than indirect finance as a source of external financing for US non-financial firms. d. the primary source of financing for US non-financial firms is foreign investment.e. equity markets are the primary source of external financing for US non- financial firms. 2. Provisions in debt contracts that are meant to control borrower behavior after a loan is made are known as: a. restrictive covenants. d. moral hazard. b. collateral. e. debt provisions. c. indirect finance. 3. Adverse selection occurs a. after a transaction is made. b. only in debt and equity markets. c. when a borrower can transfer costs to a third party. d. when the highest-cost customers are the most likely to seek a service. e. because the safest borrowers are most likely to need loans. 4. A record of a bank's changes in assets and liabilities from a financial transaction is known as a. an income statement. d. a financial account. b. a T-account. e. none of the above. c. a balance sheet. 5. What is the effect of a $50 cash withdrawal from a checking account? a. Assets and liabilities both decrease by $50. b. Assets and liabilities both increase by $50. c. Assets decrease by $50 with no change in liabilities. d. Liabilities decrease by $50 with no change in assets. e. Liabilities increase by $50 and decrease by $50 so the overall effect on the balance sheet is unchanged.6. Which of the following is a liability on a bank's balance sheet? a. a certificate of deposit d. Treasury securities b. consumer loans e. all of the above c. physical capital 7. Cash items in process of collection a. are an asset on a bank's balance sheet. b. increase when a check is deposited into a bank. c. decrease when a check clears, or when the check is paid by the issuing…

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  • let me ask four questions : -Define comparative statics analysis. How does it compare with sensitivity analysis or - Question let me ask four questions : -Define comparative statics analysis. How does it compare with sensitivity analysis or what-if analysis used in finance, accounting, and statistics? -Define demand. Define supply. In your answers, explain the difference between demand and quantity demanded and between supply and quantity supplied. -List the key non-price factors that influence demand and supply. -In defining demand and supply, why do you think economists focus on price while holding constant other factors that might have an impact on the behavior of buyers and sellers? 1 Assume that the production of refrigerants necessarily leads to Question 1 Assume that the production of refrigerants necessarily leads to pollution of the atmosphere. Does the fact that a free competitive market will lead to overproduction of refrigerants mean that we would be better off producing none? Explain2 Assume that the market for rice is perfectly competitive. What would happen in that market in the short run, and in the long run, if there was a permanent decrease in the demand for rice?3 Imagine that you are an economist working for the Reserve Bank of Australia and you observe an unexpected and large increase in the unemployment rate. Explain how this would impact your advice on an appropriate monetary policy response.4 Discuss the pros and cons of engaging in expansionary fiscal policy in response to a recession caused by a negative aggregate demand shock. Assume the IS-MP model and the AS-AD model are in the long-run equilibrium, Question Get Answer Assume the IS-MP model and the AS-AD model are in the long-run equilibrium, henceY t = Y tr t = rπ t = πAs the level of output and the inflation rate lie on the AS curve in equi-librium, the labour market is in equilibrium with an equilibrium real wage,w t =W tP t, and an equilibrium unemployment rate, u t , consistent with the equi-librium rate of inflation and the output level.The central bank's monetary rule follows a Taylor rule and the IS curve is iden-tical to the one discussed in class.Consider the impact of a temporary and unanticipated decrease…

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  • WakoDog Co. operates mobile hot dog stands. It pays its “employee - Question Get Answer WakoDog Co. operates mobile hot dog stands. It pays its "employee vendors" $15 per hour to operate the stand (i.e. sell hot dogs). After being employed for 2 years, the vendors are given the opportunity to buy their stand outright at a price of: "average annual stand revenue over 2 years x 20% = Price". As well, they can continue to use the WakoDog name for a fixed fee of $3,000 per year. WakoDog management has noticed that most "employee vendors" set up their stands in low traffic areas, while those who have purchased their stand tend to choose high traffic areas. Overall, since there are more "employee vendors", this is hurting WakoDog's revenue and profitability. Task: Use the recommended 3-question algorithm to analyze the problem the company faces. Recommend a legitimate solution. Make note of any possible trade-offs. (Mainly qualitative answers will suffice). Fijian economy is in recession and policymakers decides to lower interest Question Fijian economy is in recession and policymakers decides to lower interest rates in an effort to stabilize the economy. Using an aggregate supply and demand diagram, demonstrate the effects of a monetary easing when the transmission mechanisms are functioning normally and when the transmission mechanisms are weak, particularly during this economic downturn.Explain in detail Show detailed graphsExplain when the transmission mechanisms are functioning normally,and when the transmission mechanisms are weak 1) Sutton. et al, built an NPP supply and demand model. What does Question Get Answer 1) Sutton. et al, built an NPP supply and demand model. What does the supply model show? What does the demand model show? What does the supply and demand model show? What are some of the results of land degradation according to the study? Examples of possible comments: specific country results, total land deterioration per year world-wide, total agricultural output vs ES services valuation, etc, etc. C1:Assume that the production of refrigerants necessarily leads to pollution of the atmosphere. Does the fact that a free Question C1:Assume that the production of refrigerants necessarily leads to pollution of the atmosphere. Does the fact that a free…

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  • The cost per bushel of growing corn on a given acre of land depends partly on how intensely the land is - Question The cost per bushel of growing corn on a given acre of land depends partly on how intensely the land is farmed and partly on the quality of the soil, the amount of rainfall, and the length of the growing season.Suppose that the last three factors are summarized by a single index f for fertility. Suppose that the long-runtotal cost of producing y hundred bushels of corn on an acre of land of fertility f is c(y, f ), where c(y, f )  (1 y 2 )/f for y  0 and c(0, f )  0.a. Write down a formula for the long-run average cost function per hundred bushels of corn from an acre ofland of quality f.b. At what level of output is long-run average cost minimized on an acre of land of quality f?c. What is the lowest price per hundred bushels at which an acre of land of quality f will be used to producecorn? Assume an economy's annual money velocity in circulation is 10. Please answer the following two questions: Question Assume an economy's annual money velocity in circulation is 10. Please answer the following two questions: a. If the annual nominal GDP is $20 trillion, how much money supply are enough for money demand? b. In the view of monetarists (i.e. neoclassical view), if the annual economic growth rate is 5%, what should be the money supply increasing rate to maintain a low inflation rate as 2%? Below are the characteristics of the country of Econ: Year 2018: Question Below are the characteristics of the country of Econ: Year 2018: Homes Price: $200,000Homes Purchased: 1,000 Car Price: $25,000Cars Purchased: 1,000Milk Price per Gallon: $2.25Gallons Purchased: 100,000 Year 2019: Homes Price: $350,000 Homes Purchased: 1,500Car Price: $45,000Cars Purchased: 1,250 Milk Price per Gallon: $3.75Gallons Purchased: 150,000 Using 2018 as the base year, compute the following: i. Nominal GDP for 2018 and 2019ii. Real GDP for 2019 iii. GDP Deflator iiii. CPIiiiii. Percent growth of GDP 1. Economists argued that temporary labor wage differentials tend to be eroded by labor mobility. Consider the two…

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  • Read the review report given below and answer the questions that follow. - Question Read the review report given below and answer the questions that follow. The coronavirus (COVID-19) pandemic has severely disrupted global economic activity causingwhat is now termed the "great lockdown," with countries implementing various travel and borderrestrictions. The pandemic-driven economic contractions have resulted in countries, includingFiji's trading partners introducing several fiscal and monetary measures in an effort to mitigate theeconomic fallout. More recently, despite concerns of a second wave of infections, most countrieshave gradually eased lockdown restrictions on reports of a drop in new COVID-19 cases.However, the lifting of global restrictions is expected to differ in speed and magnitude, yieldinguneven economic recovery within, as well as, across countries.The suspension of global activity has continued to dictate price movements in the commoditymarkets. As at 28 May, Brent crude oil prices picked up to US$35.72 per barrel (from US$25.27per barrel in April), owing to reduced global production, a weaker dollar and prospects ofeconomies lifting lockdown restrictions. Gold prices rose further to US$1,736.80 per fine ounceon 28 May (from US$1,694.20 in April) due to higher demand for the precious metal as a safehaven asset. In April, the Food and Agriculture Organisation Food Price Index declined by 3.0percent on account of more pronounced contractions in sugar prices.On the domestic front, similar to a number of other countries, the Fijian economy is projected torecord a large contraction this year, and partial indicators to date corroborate this. While theeconomy is anticipated to note some recovery in 2021, this is highly contingent on the resumptionof global travel before year-end.On sectoral performances, latest indicators highlight persistent weakening in major industries.Cumulative to April, pine wood supply (-28.0%), woodchip (-18.4%) and sawn timber (-43.0%)contracted on account of subdued global and local demand. Local gold production contracted (-8.3%) in the year to April, owing to power supply constraints, adverse weather conditions andCOVID-19 related supply chain disruptions. The closure of international borders led to visitorarrivals contracting significantly by 43.5 percent up to April.Subdued demand as well as lower household and business confidence can also be seen inconsumption and investment indicators to date. Cumulative to April, domestic cement production(-31.3%) and sales (-20.4%), and…

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  • You are a manager of a firm that sells a commodity in a market that - Question You are a manager of a firm that sells a commodity in a market that resembles perfect competition and your cost function is C(Q) = 0.02Q2. Unfortunately, due to production lags, you must make your output decision prior to knowing for certain the price that will prevail in the market. You believe that there is a 40% chance that the market price will be $8 and a 60% chance that it will be $10.What is the expected price for your product?What output should you produce in order to maximize expected profits? What are your anticipated profits? 42.The Bush administration decided to force Panama's General Manuel Antonio Noriega from power becausea.revelations concerning Noriega's drug-trafficking activities caused protests 42.The Bush administration decided to force Panama's General Manuel Antonio Noriega from power becausea.revelations concerning Noriega's drug-trafficking activities caused protests in Panama.b.the CIA uncovered a plot by Noriega to close the Panama Canal.c.he consistently opposed American aid to the contras.d.United States intelligence agents discovered that he was selling arms to leftist insurgents in El Salvador. 46.President George H.W. Bush committed American troops to the 1991 Persian Gulf Wara.only after getting the approval of both America's 46.President George H.W. Bush committed American troops to the 1991 Persian Gulf Wara.only after getting the approval of both America's allies and Congress.b.over the objections of America's allies, who would agree only to economic sanctions against Iraq.c.despite the opposition of the great majority of the American public, who wanted no part in another Vietnam.d.without consulting either America's allies or Congress. 50.President George H.W. Bush's nomination of Clarence Thomas to the Supreme Courta.was rejected by the Senate, causing a bitter Thomas 50.President George H.W. Bush's nomination of Clarence Thomas to the Supreme Courta.was rejected by the Senate, causing a bitter Thomas to turn his back on his legal career.b.ran into difficulty when Thomas was accused of sexually harassing a female who worked for him.c.was fiercely opposed, primarily because he was a white male at a time when the pressure was on to appoint a woman or an African American.d.was met with almost no resistance from either Republicans or Democrats.…

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