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.

For a single firm, explain the elasticity of demand for the good that it sells. Which of the model's assumptions bring this about. What is the effect on the firm's prices and why?

Please show excel sheets for the following, answers are provided

The CPI-U for Americans 62 years of age and older (some of your professors and some of your authors are interested in this!) present the following annual inflation rates in percent:

PLEASE ANSWER ALL PARTS! THANK YOU

5*10 = 50) Please answer true or false and briefly explain, or fill in the blank

1. If at Q =15, AVC = $10, TFC = $100, then ATC at Q = 15 is equal to $_____. Show computations.

2. If at L = 2, Q = 125, and at L = 3 AP_L = 90, then at L = 3, MP_L = _____. Show computations.

3. Suppose TFC = $20. At Q = 3, TC = $110, and at Q = 4, AVC = $25. Then at Q = 4,

MC = $______. Show computations.

4. If hourly wage for a worker is equal to $20 and the marginal product of the worker (MPL) during that hour is 30 units, then the MC of each additional unit produced by the worker is $_____ . Show computations.

5. State True or False and briefly explain: The MC Curve is U shaped.

f. State True or False and briefly explain: The ATC Curve achieves its minimum at an output lower than the output at minimum average variable cost curve.

g.. State True or False and briefly explain: A firm in a perfectly competitive market is a price taker

8. State True or False and briefly explain: For a firm in a competitive market, P = MR..

1. State True or False and briefly explain: If MC is increasing, ATC will be increasing as well.

j. . State True or False and briefly explain: A competitive firm wishing to maximize short run profit will choose that output where MR = MC on the rising segment of the MC curve.

****PLEASE ANSWER ASAP**** PLEASE SHOW WORK

You want to maximize your utility and find your consumer optimum.

Here is a table of your current situation:

Taco Bell drink: $1.00

Taco Bell burrito supreme: $5.00

Income: $11.00

Drink    Total Utility                               Burrito supreme                        Total Utility

0            0                                                       0                                                0

1             100                                                 1                                                           600

2             220                                               2                                                          1100

3             280                                                 3                                                         1500

4             330                                                 4                                                         1600

5            350                                                  5                                                         1650

Calculate the Marginal Utility then the MU/P to find Consumer Optimum.

How many drink(s) and burrito supreme(s) should you purchase to reach consumer optimum?

I got 1 drink 2 burritos but I'm not positive its correct Please explain if I am correct also

Suppose government puts a tax on investment at rate τ. That is, you get only 1 − τ apple tree next period if you invest one apple this period. Derive the investment demand equation. What would be the effect of this tax on net exports and real exchange rate in an open economy in long run and very-long run? Explain in detail by showing the changes in the relevant markets.

Seriously?! thats how the question is asked in the assignment! i expect an answer for this asap!

how you think economics impacts a manufacturing medical device company?

Consider a competitive firm with an average cost function given by AC(Q)=2Q2-20Q+70.

(1) Find the marginal cost function. .

(2) Draw the firms average cost and marginal cost curves. (Make sure to label the axes, intercepts, slopes, ...etc.)

(3) Is this firm in the short-run or in the long run? Why?
(4) Show the firms supply curve on the graphs you drew in (b). Make sure to label the axes.

(5) What is the competitive price?

(6) (3 points) How much profit would the firm make if the market price of the good is 40? On the graphs you drew in b, shade the area that corresponds to this profit level.

For the remaining questions, assume that the market demand is given by D(P)=800-2P.

(7) Draw the market demand. (Make sure to label the axes, intercepts, slopes, ...etc.)

8. Draw the supply function.

9. What is the market equilibrium (price and quantity)?

(10) How many firms operate in the market?
Suppose that the government levies a sales tax of $5 on producers for each unit sold.

(11)  What will be the long-run equilibrium market price after the tax?

(12) What will be the long-run equilibrium market output after the tax?

(13) How many firms will exit the market after the tax?

New York (CNN Business)President Donald Trump has long cast OPEC as an evil force ripping Americans off by not pumping enough oil. Now he's pleading with Saudi Arabia and Russia to stop pumping so much oil. In the past, Trump has called OPEC a "monopoly" (it's not) that must be broken up. "They are robbing our country blind," he tweeted in November 2012. Since winning the presidency, Trump has repeatedly hammered OPEC for engineering higher oil prices to hurt American drivers. Donald Trump cannot win reelection without Texas. It's as simple as that." GREG VALLIERE, CHIEF US POLICY STRATEGIST AT AGF INVESTMENTS "OPEC, please relax and take it easy. World cannot take a price hike -- fragile!" the president tweeted in February 2019. Flash forward to 2020: Instead of slamming OPEC for artificially restraining production, Trump is urging the cartel to do just that. And rather than calling for OPEC to be broken up, Trump is elevating the group's status by encouraging it to stop the oil crash one that threatens to set off a surge of bankruptcies and job losses in Texas and throughout America's oil industry. Trump is even attempting to broker an agreement between Saudi Arabia and Russia to end their devastating price war by massively cutting production. The president's tweets on the subject Thursday helped US oil prices to spike 25% -- their biggest one-day gain in history. "It's amazing to have Trump get in the middle of this," Helima Croft, head of global commodity strategy at RBC Capital Markets, told CNN Business. "Think about the 180: For years, Trump hated collusion among the producers and wanted to get rid of OPEC." Texas is a huge prize in 2020 That reversal reflects shifting political realities. The coronavirus pandemic is causing millions of job losses ahead of the November presidential election. A prolonged downturn in the US oil industry would only amplify the economic pain, especially in Republican-leaning states. "What has changed is the political equation: Donald Trump cannot win reelection without Texas. It's as simple as that," said Greg Valliere, chief US policy strategist at AGF Investments. Oil prices spike by a record 25% as Trump talks up huge production cuts and Saudi Arabia calls for OPEC meeting Not only is Texas the second-biggest electoral prize (after California), it's also by far the nation's largest oil producer. In fact, Texas pumps more oil than every OPEC nation not named Saudi Arabia. But Texas is getting crushed by cheap oil. Russia, seeking to blunt the rise of US shale oil producers, refused last month to cut oil production. Saudi Arabia responded by surging output and slashing prices. Reflecting the urgency of the moment, Trump is meeting with the CEOs of ExxonMobil (XOM), Chevron and other leading US oil companies Friday to discuss the crisis facing the industry. Navigating this situation is a delicate balance. The White House doesn't want oil bankruptcies and job losses on its hands. But Trump doesn't want to be seen helping oil CEOs and Saudi Arabia at the expense of average Americans who want cheap gas prices. 'I would always raise hell with OPEC' The president has acknowledged his evolving views. "You always get a little torn," Trump said on March 20. "Until we became the leading producer, I was always for the person driving the car and filling up the tank of gas...If (prices were too high, I would always raise hell with OPEC." Now the oil crash is setting off real turmoil in the energy industry. Whiting Petroleum (WLL), a former rising star in the shale industry, this week became the first of what will surely be a wave of US oil companies to file for bankruptcy during this crisis. Nearly 100 US oil and gas producers could file for Chapter 11 over the next year, Buddy Clark, co-chair of the energy practice at Houston law firm Haynes and Boone, told CNN Business. And that may be the optimistic view. Rystad Energy warned this week that 140 US oil producers could file for bankruptcy this year if oil stays at $20 a barrel, followed by another 400 in 2021. Even the largest oil companies are cutting back. Debt-ridden Occidental Petroleum (OXY) slashed its dividend by 86% and announced pay cuts across the entire company. Chevron (CVX) is cutting production and spending in hopes of avoiding its first dividend cut since the Great Depression. "We have a great oil industry, and the oil industry is being ravaged," Trump said Wednesday during a press briefing. "We don't want to lose our great oil companies." Will Texas cap output? Now there is a debate playing out over whether and even how the United States should intervene in the oil war. Some independent oil producers are pushing Texas to -- for the first time in more than 40 years -- limit the state's output. A wave of oil bankruptcies is on the way Ryan Sitton, a commissioner on the Railroad Commission of Texas, the state's energy regulator, even held a call Thursday with Russia's energy minister to discuss options. "While we normally compete," Sitton said in a tweet, "we agreed that #COVID19 requires unprecedented levels of int'l cooperation." He added that he will speak to Saudi Arabia's energy minister soon. Shale pioneer Harold Hamm and others are pushing for Trump, the self-proclaimed "Tariff Man," to sanction OPEC by enacting tariffs that would punish Russia and Saudi Arabia for their ruinous oil war. But the American Petroleum Institute, the nation's largest oil lobby, is urging Trump to avoid intervening in free markets. Trump has so far taken modest steps, including instructing the Energy Department to take advantage of cheap prices by filling up the nation's emergency stockpile of crude. Debate over free markets OPEC has signaled it isn't willing to keep cutting production -- unless other countries join in and do so, too. The cartel will meet via video conference Monday with Russia and other countries outside the alliance, two sources at the OPEC secretariat told CNN Business. Although the final list of invitees has not yet been set, the United States, Canada and Mexico could reportedly be invited. But it's not clear how the United States would enact its own production cuts. US output is controlled by thousands of different companies across the nation who all have their own competing interests. The irony calling on OPEC to come to the rescue is that Trump and others for years have complained that OPEC distorts free markets. And Now that Saudi Arabia and Russia have stopped artificially restraining their production, they're being urged to step back in to calm markets. "This is the free market. We are living in the world of NOPEC right now," RBC's Croft said. "OPEC's cuts gave US producers a vital lifeline. Now that the lifeline has been withdrawn, you have figures in Washington wanting sanctions against OPEC." The above article was published on April 3, 2020 on CNN Business News. Read the article carefully and answer the questions below. (Do it by yourself). Q1. What are the major points in this article. Q2. How do you see the role of OPEC from the above article.

Explain why do some suggest that the UN should have its own standing military force? What would be the job of a standing UN army?

1. Explain how do international organizations contribute to the development of international law?

2, Explain what is assess the relationship between the U.S. and the World Court.

do you see bureaucracy in America today as efficient or inefficient? Why? What do you think the government can do to improve public service delivery

Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW_2-1 assuming 10.8354 interest rate.

Consider the 2 cash flow options below at an interest rate of 10%

Option A stops at 15 years, while option B goes until year 30. The final year of option B is equal to 10200.

Yearly savings for option A is 10000 and for option B is 20000.

The salvage value for option A is 5000 and for option B is 12000.

Which option is better?