Suppose the expenditure function is e(p, u) = p1 * p2 + 2p1^1/2 * p2^ 1/2 * u. Then ∂e/∂p1 (p, u) = p2 + (p2/p1)^1/2*u and ∂e/∂p2(p, u) = p1 + (p1/p2)^1/2*u

1. (a) Find the Hicksian demand function h(p, u).

2. (b) Find the indirect utility function v(p,w) (this should be a function of w, p1, and p2).

3. (c) Find the demand function x(p, w). Are goods 1 and 2 substitutes or complements?

The recent tariff increases have affected the American economy and have driven supply chains to make quick changes as they scramble to help offset the added costs of importing goods... mainly how these tariffs affect Americans in LUMBER AND STEEL industries.

I need an answer for both industries:

Q1: If I were a major Steel business owner/ producer, why would I care how these tariffs are affecting Supply Chains? (250 words)

Q2: If I were a major Lumber business owner/ producer, why would I care how these tariffs are affecting Supply Chains? (250 words)

Please answer the question to the point. Thank you

• Imagine that you have been hired to advise Qantas on their future after the COVID-19 crisis
• Find evidence of macroenvironmental trends from five PESTN categories (Demographic, Cultural, Economic, Political, Technological, Natural) that are likely to impact Qantas in 2021 (i.e. next year). Remember that each trend should be something external to Qantas. The evidence should be from credible sources.
• How will each identified trend impact on Qantas' business? Is it an opportunity or a threat? Why?
• What action would you recommend to Qantas as a result of your analysis? Ensure that you justify your recommendations.

BestBuy plans to have an end of the season sale on videogames and High Definition TVs. After a focus group study, their marketing team found that they have four different types of customers, each with their own respective reservation price. The reservation prices are as listed below:

For simplicity, assume that the marginal cost for producing any of these products is $0, and there is only one representative customer of each type.

(a) If BestBuy were to sell TV and videogames separately, what price should it set for each product in order to maximize its profit?

(b) BestBuy paid an outside consulting firm about its marketing strategy. The consultant recommended that BestBuy bundle TV and videogame as a package rather than selling them separately. Is the consultant correct? Why or why not? What is the profit of pure bundling? Is it higher or lower compared with the separate selling scenario in (A)? Are customers’ reservation prices of TV and videogames negatively or positively correlated?

(c) Suppose BestBuy has perfect information about the reservation price of each customer. It adopts a first-degree (perfect) price discrimination policy. What prices should it charge to maximize profit? What is the profit under this strategy? Is this higher than the profit in (a) or (b)?

please help Thank you

What makes emerging markets attractive for international business? Discuss emerging markets as target markets, as platforms for manufacturing, and as sourcing destinations.

1. What are some effects of smog?

Provide an analysis of the competitive landscape of Tesla using Porter’s Five Competitive Forces. Structure your answer around:

1. Each of the competitive forces and its impact on Tesla’s business model

2. Ways that information technology is changing the basis of competition and the implications for Tesla.

Think about your place of work, your household or your school. Then, come up with 2 examples of efficiency (i.e, what you/they do well) and explain why you consider it efficient, AND 2 examples of inefficiency (i.e, what you/they do NOT do as well as you are capable of) and explain why it is inefficient. For the inefficiency, explain how you would solve each of those problems (correct the inefficiencies). When you reply to others, offer suggestions, input and advice - maybe you experienced something similar.

How did the Factory System affect the world economically?

please cite references

1. Suppose that the model of the economy is given by

Y = C + I + G + X

C = a + b Yd

Yd = (1 – t)Y

X = g – mY

a. Derive the equilibrium GDP (Y) and the expenditure multiplier (Me ) expressed in general notations.

b. Suppose I = $900 billion, G = $1,200 billion, a = 220, b = 0.9, t = 0.3, g = 500, and m = 0.1. Solve for the equilibrium GDP (Y) and the expenditure multiplier (Me ) using your answers to part a.

c. Is the expenditure multiplier (Me ) with variable import spending (refer the numerical solution of Me from part b) larger or smaller than the expenditure multiplier (Me ) with fixed import spending? In addition to an algebra comparison, provide an intuition with your answer. Hint: The expenditure multiplier (Me ) with fixed import spending (i.e. constant X)) is 1 1−?(1−?) , in the problem, b = 0.9, t = 0.3.

d. Solve for private saving (Sp), government saving (Sg), and the rest of the world saving (Sr) when investment spending (I) is $900 billion.

2. Consider following simple closed economy (X = 0) and all taxes are fixed (a constant T):

Y = C + I + G

C = a + b Yd

Yd = Y – T

a. Derive the equilibrium GDP (Y), the expenditure multiplier (Me ), and the fixed tax multiplier (MT ) expressed in general notation.

b. Suppose government changes government spending G and fixed taxes T by the same amount (G = T). Derive the balanced budget multiplier, Y/G with G = T, using solutions of Me and MT from part a. [Hint] Y = meG + mTT

c. Illustrate the effect on income Y of a balanced budget increase in government spending and taxes (i.e., G=T>0) on the income expenditure (45 degree) diagram. Fully label your diagram.

There is a market operating for two periods. In the first period, there is only an incumbent firm, and an entrant may enter in the second period. The demand function each period is p = 20 − Q, where Q is the total quantity in the market. The per period cost function of each firm is c(q) = 9 + 4q. There is no discounting. Firms choose quantities.

(a) Find the monopoly outcome with these demand and cost functions.
(b) Because of some technological constraint, the incumbent cannot choose different quantitie in the two periods: qI = qI = qI . The entrant observes the incumbent’s quantity qI and decides if to enter and, if yes, how much to produce. Find the optimal choice of the entrant for any q.
(c) Suppose that the entrant will enter. Find the optimal quantity of the incumbent.
(d) Suppose now that the entrant will enter only if it makes positive profits. Find the subgame-perfect Nash equilibrium.

Please summarize some information about geography, history, demography, and socio-politico-economic aspects of the Turkey. Please do NOT copy and paste from another source. Please write at least 500 words.

The world comprises two countries, A and B. There is only one good, whose price is normalized to 1; hence nominal and real measures coincide. These two countries differ with respect to their production technology. In particular, ???? = 10 − 0.8?? and ???? = 7 − 0.7??, where ???? denotes the marginal product of capital and ?? the capital stock in country i = Α, Β. The total capital stock in the world is 10 units.

a) The initial allocation of capital is ?? = 5 and ?? = 5. Find each country’s total income as well as labor and capital income. What is the world income? [Mark: 0.75]

b) Next, consider the case where there is free capital mobility. Find the capital allocation between the two countries, each country’s total income, as well as labor and capital income. What happens to world income? Explain your answers. [Mark: 0.75]

c) Assume now that, succumbing to domestic pressure, the government of country A imposes a 30% tax on capital income. Show graphically the equilibria before and after taxation. Find the new capital allocation between the two countries, total income, tax revenue, as well as labor and net capital income in each country. Explain your answers. [Mark: 1.5] Note: Round your answers to the second decimal point.