Explain the team-based approach to work in the United States.

1. Fuji and Kodak produce identical film. The market demand for film is given by P = 8 - Q, where P is the price (in dollars per roll of film) and Q is the quantity (in hundreds of rolls). Each firm has the option of producing 150, 200, or 300 rolls of film at a constant marginal cost of $2 per roll with no fixed costs. The firms' possible profits for various outcomes are summarized in the accompanying table.

Describe why people become entrepreneurs and what it takes, personally?

What does it take to succeed?

List and describe the major economic differences between 1990 and 1920?

The total product curve:

Question options:

When a firm has diminishing marginal returns:

Question options:

Can anyone explain this? Thank you!

1. A monopolist faces demand of Q = 20 - P. Its costs are TC = 2Q + 10.

f) If we had a perfectly competitive market with demand of Q = 20 – P and a supply of P = 2, what market price and quantity would have been the equilibrium? Is Q lower and P higher with a monopoly?

g) Now, go back to the original monopolist. The firm has unveiled a successful new ad campaign. Its costs are the same as above, but it now faces a demand of Q = 30 - P. (Satisfy yourself that this is an increase in demand.) Find, using either a table or a graph, the new price, quantity, and profits of this firm.

Identify the areas of financial services most susceptible to conflicts of interests? Why do you think they are more susceptible?

Briefly summarize the current U.S. attitude towards the WTO. To what extent is this attitude unique to the Trump administration?

At least 200 words, thank you.

Consider the market for single bedroom rental apartments in Hobart in 2019 with an upward sloping supply curve and downward sloping demand curve. The current equilibrium price of single bedroom rental apartments is $350 per week with 15,000

a. Draw a diagram showing the market for single bedroom rental apartments in Inner Hobart. Include an appropriate title and label the demand curve, supply curve, equilibrium price and quantity.

b. Consider if the government introduces a legally enforced price ceiling of $200/week that the price (rent) of single bedroom rental apartments in Inner Hobart can not be above.

i. On your diagram label the number of for single bedroom rental apartments supplied and demanded and the price with the price ceiling. Label the consumer and producer surplus and dead -weight loss with the price ceiling.

ii. Explain who is better and worse off a result of the price ceiling and why.

PIN IMAGE

Once the content surrounding a pin is optimized, it’s key that the quality of the image itself is examined. It would seem obvious, but still bears mentioning, that pins that look good get more attention than those that don’t. What constitutes a good-looking pin? Several criteria must be met: • The image must be high-quality/high-resolution.

• It should be clear and present the desired message in a simple and straightforward manner.21

Also, it’s important to note that lighter pictures are saved more than darker ones, and that images without faces tend to be saved more often than those containing faces.22

Other elements to consider are the pin size and orientation. “All pins have the same width, with an unlimited length. A good size to shoot for is 736×1102 pixels for a typical pin. It’s not too big, and not too small.”23

In general, vertical pins are preferable because many people use Pinterest on their mobile phones and Pinterest organizes feeds into columns.24 PRIME PINNING TIME

When is the ideal time for a business to post its pins? To a certain extent, this depends on who the target audience is, and it is best for a business to conduct the necessary testing to find out when that audience would be engaged. That being said, there are some general ideas about when the best posting time on Pinterest is, “according to SocialFresh, on average, the best times to post are 2PM – 4PM EST and 8PM – 1AM EST; and research by HubSpot says Saturday morning is THE best time to post.”25

A company should not post anything on Pinterest unless it is tied to a larger campaign and/or goal. A business owner should be able to say, “By pinning x, I am closer to achieving y.”

1. Pretend that a service-based, B2C establishment’s goal is to establish itself as an industry expert. That business could be a florist, tutoring agency, car rental service, etc. You are free to select the type of business.

2. Describe three kinds of images/content this business could post that would be likely to attract the attention of the target audience, and help it achieve its goal.

3. Now, think of a different objective that same business would like to achieve. What could you pin that could help the business achieve that goal?

4. Submit your responses.

Provide detailed and comprehensive information to support your answer. Where applicable, use examples to support your answers.

1. What would be some of the risks involved in loaning a friend money to help start a business?

2. Why are contracts useful to business owners?

3. Explain the traditional production-distribution chain.

4. Explain why "profits follow quality."

5. You may not be able to afford full-time employees for your business early on, but you can still hire quality people without having to provide full-time salaries and benefits. Describe some methods for doing so.

Q: 10 students are going on a trip on which they will live close together. Where they are going, there is a disease which spreads easily among people who live close together. There is a vaccination against the disease. The vaccination costs 3 for each student who gets it. The students decide, individually and simultaneously, whether or not to get a vaccine. There are two types of students: the pro-vaccine type and the anti-vaccine type. For a pro-vaccine type, if she gets vaccinated, she will not get the disease and the trip brings her value 10. For a anti-vaccine type, if she gets vaccinated, she will not get the disease and the trip brings her value 9. If a student does not get vaccinated then the trip brings her value m, where m is the number of students who get vaccinated. A student’s payoff is the value of the trip minus the vaccination cost. Among the 10 students, 5 of them are pro-vaccine and 5 are anti-vaccine.

(a) Is there a NE in which some anti-vaccine types get vaccinated and some pro-vaccine types do not get vaccinated? Explain your answer. (5%)

(b) Is there a NE in which 5 students get vaccinated? Explain your answer. (5%)

(c) Is there a NE in which 7 students get vaccinated? Explain your answer. (5%)

(d) Find all the NE in pure strategies. Explain your answer. (10 %)

{NE is Nash Equilibrium}

1. Draw the AD-AS model in long-run equilibrium. Using this graph, depict what happens in the short run and in the long run if housing prices fall across the country.

2. Draw the AD-AS model when the economy is initially encountering an inflationary gap and then the government uses contractionary fiscal policy to return to long-run equilibrium.

5 to 7 Sentences for each:

Topic Question: Personal Impact from Coronavirus | How has the coronavirus crisis affected your budget constraint?

Theory:

• Definition of Scarcity/Choices.
• Definition of Opportunity Cost.
• Factors that Increase/Decrease(expand or contract) budget constraints.

Application of the theory:

A real-life situation where you explain the concepts above mentioned responding to the question of how has the coronavirus crisis affected your budget constraint.

• Example/Explanation of personal scarcity and choice(s).
• Example/Explanation of personal opportunity cost due to personal choice(s).
• Example/Explanation of personal expansion or contraction of their budget constraint.
• Conclusion of reflection about the effect of coronavirus on their life.