What is the difference between a tit-for-tat strategy and a trigger strategy?

Question 3

The town of Cypress Creek is preparing to go to war against the American government. To do this, it is building a giant satellite laser! To build the laser, the government of the town will resort to taxation to fund its expenditure. The initial economy of Cypress Creek can be expressed by the following agents:

Consumers, C = 25 + 0.95(Y-T)

Output, Y = 5000

Government expenditures, G = 2000

Taxation, T = 2000

Investors, I = 750-125r

Markets are fully competitive and the equilibrium condition for markets are:

Goods and service market: Y =C + I + G

Financial market: I = S

When it builds the Satellite, government and taxation change to

Government expenditures, G = 4000

Taxation, T = 4000

Hank Scorpio, the towns' founder, announces that "even by increasing government spending and

taxation, we are not worst off, as production has not changed!"

i) [2 points] check to make sure output does not change.

j) [2 points] find the consumption level in both scenario's (low and high government spending)

k)[3 points] who is paying for the burden of taxation? (how is this new spending/taxation being

distributed between investors and consumers)

l)[2 points] as the government increases its spending (G from 2000 to 4000) why won't output

change?

Hank Scorpio makes another announcement "People of North Haverbrook! We must all work together in this to crush the American Government - I implore you to save you wages! Don't spend!"

m)[2 points] by how much would consumers need to reduce their Marginal propensity to consume

(MPC) such that the market clearing interest rate does not change?

n)[2 points] Who will end up paying the burden of this project? (consumers or investors? And by

how much?)

Prepare a 700- to 1,050-word paper defining logistics and discuss how logistics influences the supply chain. Define logistics and discuss the increased importance of logistics on satisfying customer requirements for a product or service. Identify and describe the managerial issues that influence logistics and directly impact the supply chain. Drawing on personal experience, provide an example of a logistics managerial issue which lead to customer dissatisfaction, and one example where logistics plays a crucial role in customer satisfaction.

hi! can you make me a long essay with theme "Improving Quality on Economics" It's up to you what did u waant to improving as long as its economic topic. min 300 words and dont copy from the internet. thank you

Microeconomic question: Discuss relatively low level of maximum interest rates which banks are allowed to charge their customers.(200 words)

Suppose market demand for a good is MB = 100-2Q and the marginal cost of supplying the good is MC = 40 + 8Q.

a) i) What is the MB of the 5^th unit? ii) What is the TB from 5 units? iii) What is the MC of the 5^th unit? iv) What is the TC of 5 units? v) What is the NB of 10 units? vi) Which unit has MB of $40? Of $60? (vii) Which unit has MC Of $40? Of $60? viii) How much benefits would a 6^th unit add to total benefits? (ix) How much cost would a 6^th unit add to total cost?

b) Calculate the following assuming the market acts competitively: market Q, market P, consumer surplus, producer surplus, net benefits.

c) Repeat part b assuming the market is a monopoly.

What defines a “rat race”? What makes consumption into a “rat race”?

how do I solve problem # 10 in chapter 6 of the Essentials of Economics 10th edition by Bradley R. Schiller? DO I need to make 2 graphs?

10. POLICY PERSPECTIVES Suppose that the monthly market demand schedule for Frisbees is

Price $8 $7 $6 $5 $4 $3 $2 $1

Quantity demanded   1,000   2,000   4,000   8,000   16,000   32,000   64,000   150,000
Suppose further that the marginal and average costs of Frisbee production for every competitive firm are
Rate of output Marginal cost: 100 200 300 400 500 600

Marginal cost $2.00 $3.00 $4.00   $5.00 $6.00 $7.00

Average total cost $2.00 $2.50 $3.00   $3.50 $4.00 $4.50

Finally, assume that the equilibrium market price is $6 per Frisbee.   LO5
(a) Draw the cost curves of the typical firm.

(b) Draw the market demand curve and identify market equilibrium.

(c) How many Frisbees are being sold in equilibrium?

(d) How many (identical) firms are initially producing Frisbees?

(e) How much profit is the typical firm making?

(f) In view of the profits being made, more firms will want to get into Frisbee production. In the long run, these new firms will shift the market supply curve to the right and push the price down to minimum average total cost, thereby eliminating profits. At what equilibrium price are all profits eliminated?
(g) How many firms will be producing Frisbees at this price?

One of the most divisive and economically pressing questions in U.S. domestic policy over the last several decades has been healthcare. The United States spends twice as much in terms of Gross Domestic Product on healthcare as the next biggest spender in the advanced world, and yet our average lifespan is less than most of the countries on the list. The debate in the U.S. is over whether or not healthcare should be a part our larger commercial system, and hence accessed through private insurers giving the consumer more "choice," or whether healthcare access should be guaranteed to all through either a hybrid public/private system (like Obamacare) or a more robust public system in which healthcare is guaranteed to all residents through a government-run healthcare program, with a potential downside of having less "choice" in such a system. Public polling suggests that there is no bigger public policy issue that Americans care about as much as healthcare at this point in our nation's history. For the discussion, which of the various options listed above (or options that you have researched on your own) do you support as the way forward for the American healthcare system? Explain your answer, arguing for its superiority over the other options.

See under question "C" to see the context. Thank you! (Answer questions)

A) Write about whether or not you believe productivity would go up, down, or stay the same in an enterprise where the workers are owners versus a traditional workplace.

B) Write about whether or not a worker owned enterprise would need as many managers to monitor employees and what effect this would have on costs and competitiveness in the marketplace.

C) Write about some of the deleterious effects of modern corporations such as pollution, worker degradation, income inequality, etc., and analyze whether or not worker ownership would solve, worsen, or leave unchanged any of the problems that are associated with traditional workplaces.

Watch the following PBS Newshour video that details the New Belgium Brewery Company which is owned by its workers:

You have to watch a video. Due to Chegg's ToS, I cannot provide the link. It's here is the full transcript of the short video:

• JUDY WOODRUFF:

  But, first, let's look at an unusual way of running a business, by having your employees own the company. One popular craft brewery has made a name for itself in part by going that route, with strong results so far.

  Economics correspondent Paul Solman has the story. It's part of our weekly series Making Sense, which airs every Thursday on the "NewsHour."

• PAUL SOLMAN:

  New Belgium Brewing, known for its quirky culture and Fat Tire, its Belgian brew. This is its notorious Tour de Fat, a beer-financed travel-fest pushing bicycles over cars.

  At company headquarters in Fort Collins, Colorado, co-founder Kim Jordan loves to show off the suds themselves.

• KIM JORDAN, Co-Founder, New Belgium Brewing:

  Should I show you how to do the perfect pour?

• PAUL SOLMAN:

  The perfect pour, yes.

• KIM JORDAN:

  OK.

• PAUL SOLMAN:

  A little bit out. Whoops. Oh, I — no, no, I screwed it up already.

• KIM JORDAN:

  Yes. Yes.

• PAUL SOLMAN:

  Oh, this is a perfectly…

• KIM JORDAN:

  Yes. Well…

• PAUL SOLMAN:

  This is a perfectly horrible pour.

  But what drew us here wasn't the beer, though New Belgium now sells 4 percent of all U.S. craft beer, 1 percent of all the beer in America. New Belgium's distinction, however, as a business is that it is entirely owned by its workers.

  Ex-New Yorker Doug Miller has been at New Belgium for 20 years. Like most Americans, he had no stake in the firms he worked for in his early days back East.

• DOUG MILLER, Warehouse Technician, New Belgium Brewing:

  It's a job and you're just coming in and you're punching the clock and you're doing your job. Here, you just do it more because you're working for yourself. Like, I don't work for New Belgium. I am working for Doug Miller. I am working for people who work here. That's the difference.

• KIM JORDAN:

  Beer is malt, and hops, and yeast, and water.

• PAUL SOLMAN:

  And why did co-founder and CEO Kim Jordan sell the company to her workers, as opposed to a well-heeled rival or a private financial firm?

• KIM JORDAN:

  One of things that we think is a big societal issue is this widening gap between the haves and the have-nots. And we realized that we had an opportunity to support people owning something that was increasing in value. Shared equity has been an incredibly powerful engine for us.

• CHRIS MACKIN, Partner, American Working Capital:

  New Belgium's a great example of using this structure to preserve a legacy.

• PAUL SOLMAN:

  Worker ownership consultant Chris Mackin, who's advised New Belgium.

• CHRIS MACKIN:

  For a company like that to be consumed by a multinational firm, and to lose its identity, to lose what's special about it in order to make a few extra bucks, that's not what Kim Jordan was going to do.

• KIM JORDAN:

  You will notice on your glass here, see this lacing? That's actually a sign of a well-made beer.

• PAUL SOLMAN:

  So, the founder became a poster child for worker ownership, initiating an ESOP, an employee stock ownership plan, which began giving stock gradually to its workers and ended up in a 100 percent takeover.

• CHRIS MACKIN:

  What she's done has made it possible to reserve that independence and to be able to reward the people who made her a wealthy woman.

• PAUL SOLMAN:

  Reward them with shares they sell back to the company when they retire, a stock-based pension plan. ESOPs represent both ownership and retirement savings, which is why Congress made them the only pension plans allowed to borrow money for funding.

• KIM JORDAN:

  We were so excited to brew this beer that we decided to put it on tap today.

• PAUL SOLMAN:

  New Belgium, with a host of varieties, is now the eighth largest brewery in America. Its fans flow through the building on tours all the day long.

• KIM JORDAN:

  How do you pour a beer? I will show you how. And then the taps are yours, OK?

• PAUL SOLMAN:

  The employees seem, well, pretty juiced themselves.

• CARRIE WEADY, Graphic Designer, New Belgium Brewing:

  I feel like I have a stake in what happens here and that I have a — play a part in making this awesome place successful, yes.

• PAUL SOLMAN:

  Tiffany Banfield works in the marketing department for New Belgium.

• CARRIE WEADY:

  So you liked it where it was?

• PAUL SOLMAN:

  Carrie Weady is a graphic designer.

• CARRIE WEADY:

  The better I do, the better we do, and I personally take that to every day of my job, and it really does inspire us all to go above and beyond in a way that I haven't experienced at other employers.

• PAUL SOLMAN:

  So, why doesn't everybody do it?

• WOMAN:

  Because they don't believe that it is a profitable model.

• PAUL SOLMAN:

  But it is, Kim Jordan insists, if management puts in the effort and is willing to empower workers in a variety of ways.

• KIM JORDAN:

  We're more profitable than our industry standards. We have a 3 percent turnover rate. And more importantly to us is our feeling of our engagement with our co-workers.

• WOMAN:

  Each of those cities brought some pretty great incentives to the table.

• PAUL SOLMAN:

  A key feature of New Belgium's worker engagement: open-book management, teaching every employee how to read the books.

• DOUG MILLER:

  And so they had classes for us to go to. Like, we're going to teach you how to read an income statement, how to read a balance sheet, how to understand cash flow, all those things.

• PAUL SOLMAN:

  The upshot? The workers know exactly how the company is doing financially, and how they are doing as well.

• DOUG MILLER:

  So, I am making like the same money now that I was making 20 years ago, when I was working in the Bronx in New York City. But I have more money now. It's just because I can manage it better. That's the thing that blows me away, is that you can be making $30,000, $40,000, $50,000 a year and live in a $300,000 house if you manage your money well.

  Are you operating at a profit this month? You know, that's what you got to ask yourself.

• PAUL SOLMAN:

  To Chris Mackin, who's been pushing worker ownership since the 1980s, ESOPs are a no-brainer, the main and obvious obstacle, workers don't have the money to buy their businesses.

• CHRIS MACKIN:

  For this idea to go to scale, you have to find some way in which working people who don't have assets can acquire companies that are worth value.

• PAUL SOLMAN:

  So, Mackin has started an investment fund that will allow worker groups to compete with private equity firms and well-heeled competitors when an owner wants or needs to sell.

• KIM JORDAN:

  The other beer that we make is called Felix, and that's the one that we get to taste today.

• PAUL SOLMAN:

  Happily for its workers, New Belgium didn't need Mackin's money. A bank ponied up much of the cash to buy Kim Jordan's stock. She financed the rest by accepting IOUs from the company, to be paid off from future profits. The risk, that the company will flounder, meaning lower pensions for workers and iffy IOUs for lenders, which suggests that it might take an unusually committed owner to make worker ownership happen.

  So, why did Jordan take the chance?

• KIM JORDAN:

  One of the things that has been really fun about business is understanding that you can choose what you do with profits. You get this one life, right? And you get to think about, what am I going to do that makes me sort of joyful and sing? And this makes me joyful.

• PAUL SOLMAN:

  Fortunately for her, Kim Jordan's IOUs look like a pretty safe bet. New Belgium is slated to open a new operation in North Carolina in 2016. And since it's only in 38 states thus far, the beer may be coming soon to a state near you.

• KIM JORDAN:

  And push in now.

• PAUL SOLMAN:

  And it will stop it right there. OK.

• KIM JORDAN:

  You are very close to a perfect pour there.

• PAUL SOLMAN:

  For the PBS NewsHour, this is economics correspondent Paul Solman, long an enthusiast of worker ownership, but only recently of the perfect pour.

• KIM JORDAN:

  Cheers.

• PAUL SOLMAN:

  Cheers.

In the table below, exchange rate is defined as US dollars per Euro, E$/€. Given the information below, using UIP (in approximate form), fill in the blanks marked with letters. Round your answers to 3 decimals. Interest Rate on Dollar Deposit (annual) Interest Rate on Euro Deposit (annual) Spot Exchange Rate, E$/€ (today) Expected Future Exchange Rate, Ee$/€ (in one year) Expected Rate of Change in Exchange Rate (Ee$/€-E$/€)/E$/€ Expected Dollar Return on Euro Deposit (annual) Investors Prefer 0.025 (2.5%) 0.005 (0.5%) 1.10 1.326 0.205 (20.5%) 0.21 A 0.025 0.005 (0.5%) B 1.326 0.105 C D 0.025 0.005 E 1.326 F G Indifferent 0.025 0.005 1.4 1.326 H I J

Using data on a representative sample of college students, the following model was estimated: (standard errors are in parentheses) sat =1,028.1+19.3hsize − 2.2hsize2 − 45.1Female −169.8black + 62.3 female*black (6.29) (3.83) (0.53) (4.29) (12.7) (18.15) n = 4,137 and ? 2= 0.0858 The variable sat is the combined SAT score, hsize is size of the student’s high school graduating class, in hundreds, female is a gender dummy variable equal to one for females and zero otherwise, and black is a race dummy variable equal to one for blacks and zero otherwise.

3- Holding hsize fixed, what is the estimated difference in SAT score between nonblack females and nonblack males? How statistically significant is this estimated difference?

Suppose there is an individual with “well behaved preferences” who consumes bundles of two goods, (X,Y) and this individual is indifferent between bundle 1, (15,3) and bundle 2, (6,12). There is also bundle 3, (10.5, 7.5).

a) List and briefly define the 5 assumptions that define “Well behaved preferences”

b) Between bundles 1 and 3, does the consumer prefer one bundle over the other, or is he indifferent? What about between 2 and 3? Justify your answer mathematically.