Questions
I am having difficulties with figuring out the formulas for this this question. Is there a...

I am having difficulties with figuring out the formulas for this this question. Is there a walk-through for this?
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -2, while group 2’s is -3. Your marginal cost of producing the product is $30.

a. You are a monopolist.
b. You compete against one other firm in a Cournot oligopoly.

c. You compete against 19 other firms in a Cournot oligopoly.

In: Economics

What are the arguments against additional federal fiscal spending in the next three months? Timeline is...

What are the arguments against additional federal fiscal spending in the next three months? Timeline is today's current economic and political climate. Thorough answer please, Thank you.

In: Economics

NOTE FROM STUDENT: Please be very descriptive, examples, etc What is the difference between and the...

NOTE FROM STUDENT: Please be very descriptive, examples, etc

What is the difference between and the use of Reference Pricing and Anchor Pricing? (10 points)

In: Economics

1. Most economic theories of exchange rate movements agree that three factors have an important impact...


1. Most economic theories of exchange rate movements agree that three factors have an important impact on future exchange rate movements in a country’s currency. Which of the following is not of the three main factors?
A. The country’s price inflation
B. The country’s interest rate
C. Market psychology
D. The country’s legal system

2. Which of the following statement is true?
A. In general, FDI occurs whenever a local citizen, organization, or affiliated group takes an interest of 50 percent of more in a foreign business entity
B. Foreign portfolio investment is a form of FDI because foreign portfolio investment involves obtaining a management control
C. When a firm exports its products to a foreign country, foreign direct investment ( FDI) occurs
D. When a firm undertakes FDI, it becomes a multinational enterprise

3. Prior research on the determinants of exchange rate suggest that relative inflation rates and nominal interest rate differentials are all moderately good predictors of short-run changes in exchange rates, but predictors of long-run changes in exchange rates
True
False

4. If the value of the U.S. dollar rises sharply against the Chinese yuan, this exchange rate movements is likely to boost China’s exports to the U.S., holding other things constant
True
False

In: Economics

What are possible exchange rate regimes and what is the world’s most practiced regime currently and...

What are possible exchange rate regimes and what is the world’s most practiced regime currently and why (reasons)? Also discuss the pros and cons of each regime.

In: Economics

Comment critically (find facts about the policy actions and evaluate them in the context of the...

Comment critically (find facts about the policy actions and evaluate them in the context of the material): ‘The negative supply shock caused by the corona virus will devastate the economy. Fearing that there would be stagflation, the Federal Reserve and the Government independently have taken actions. Yet some critiques asserted that the actions of the policy makers will not be sufficient or relevant.”

In: Economics

Compare and Contrast Various Selling Models The purpose of this assignment is to compare and contrast...

Compare and Contrast Various Selling Models

The purpose of this assignment is to compare and contrast two or more competing selling models. The basis for this paper will be The Challenger Sale (Dixon and Adamson) versus Strategic Selling (Miller & Heiman).

  1. Provide an overview of both approaches. This overview should include the theoretical basis, practical application, and general steps or stages.
  2. Take a position on which approach would be more effective for managing customer accounts that would be considered “Key Customers” or “Strategic Customers”. An example of a key or strategic account would be one where a the sale involves:
    1. A complex solution
    2. Multiple decision makers
    3. Significance in terms of revenue opportunity

Your arguments should provide rationale for your position and relate to specific outcomes (e.g., closing business, positioning as a business partner/consultant, long term relationship building, etc.)

  1. Give a detailed example of how your approach would be applied to a sales opportunity (can be real or hypothetical) to achieve a very specific sales goal.

In: Economics

An industry's inverse demand was PD = 20 - 0.1Q and its inverse supply was PS...

An industry's inverse demand was PD = 20 - 0.1Q and its inverse supply was PS = 4 + 0.1Q.

a. Calculate the consumer surplus, producer surplus, government revenue and deadweight loss for taxes of $4, $8, $12 and $16 per unit sold.

b. Graph government revenue and deadweight loss as functions of these tax rates.

c. What tax maximizes government revenue?

In: Economics

Suppose both Smith and Jones utility functions of U(X,Y) = X1/2Y1/2. Smith is endowed with (X,...

Suppose both Smith and Jones utility functions of U(X,Y) = X1/2Y1/2. Smith is endowed with (X, Y) = (9,25) and Jones is endowed with (X, Y) = (25,9).

a. Draw an Edgeworth box with indifference curves through this endowment.

b. At what combinations of X and Y are both better off (i.e., are Pareto Improving)?

c. At what combinations of X and Y are there no more gains from trade (i.e., are Pareto Efficient)?

d. If they agreed on a price of one X for one Y, would they be better off?

In: Economics

Current and future role of business in society

Current and future role of business in society

In: Economics

Suppose price-taking firms have cost functions given by C(q) = 90 + 5q + 0.025q2. a....

Suppose price-taking firms have cost functions given by C(q) = 90 + 5q + 0.025q2.

a. What are the equations of marginal costs and average costs?

b. How much would the firm produce at prices of $9, $10, $11, and $12?

c. How much profit would the firm earn at prices of $9, $10, $11, and $12?

d. Graph the MC, AC. Indicate the profits at a price of $9 per unit.

e. What price would be charged in the perfect competitive equilibrium?

In: Economics

Suppose a firm’s multiproduct cost function is C(Q1, Q2) = 65 - 0.5Q1Q2 + 0.3Q12 +...

  1. Suppose a firm’s multiproduct cost function is C(Q1, Q2) = 65 - 0.5Q1Q2 + 0.3Q12 + 0.4Q22, and management wishes to produce 12 units of each product (Q1 = Q2 = 12 units).
  1. Determine the marginal cost of each product at the planned levels of production. Clearly show your steps and calculations.

  1. Determine whether the multiproduct cost function exhibits economies of scope or not at the planned levels of production. Clearly show your steps and calculations.

  1. Determine whether the multiproduct cost function exhibits cost complementarity or not at the planned levels of production. Clearly show your steps and calculations.
  1. Discuss the economic implications of the outcomes in (b) and (c) above.

In: Economics

The following table provides the project annual budget, total number of projects, and total number of...

The following table provides the project annual budget, total number of projects, and total number of people working on the projects for City of Killingcovid annually:

Year

Annual Budget

(in millions)

Number of Projects

Number of People Working on the Projects

1997

9.93

2

6

1998

7.34

8

47

1999

6.82

4

134

2000

7

2

291

2001

7.31

7

279

2002

7.86

6

82

2003

8.44

4

65

2004

7.61

5

34

2005

7.8

1

14

2006

8.6

4

249

2007

8.25

2

174

2008

8.7

3

346

2009

10.89

2

3

2010

10.53

1

8

2011

11.77

2

13

2012

11.44

4

24

2013

10.95

6

534

2014

11.12

2

6

2015

10.73

2

28

2016

11.39

1

18

2017

11.3

3

25

2018

11.27

2

54

For A to F, use the data between Yr 2006 and Yr 2015 to calculate the following:

A. The mean of the Number of People Working on the Project.
B. The median of the Budget.
C. The range of Budget.
D. The variance (3 significant figures) of Number of Projects.
E. The standard deviation (nearest integer) of Number of People Working on the Project.
F. The 20% trimmed mean of Number of Projects.

G. Draw a dot plot comparing the Number of People Working on the Project from Yr 1997 to Yr 2006 and those from Yr 2009 to Yr 2018.

H. Using the data for Annual Budget from Yr 2001 to Yr 2017, draw a double stem leaf plot, then calculate the relative frequency.

In: Economics

Depreciation is a tough concept since there may be so many factors associated with it. The...

Depreciation is a tough concept since there may be so many factors associated with it. The IRS changes the tax deductions given for depreciation on a regular basis. On a larger purchase the tax deduction may be significant. How much of a factor do you think depreciation should be on the decision to move forward with a project? For example, if the tax benefit is greater in the following year, should management hold off on the purchase? Do you feel that managers understand this concept well enough to include it in their decision making process?

In: Economics

select any business article that realates to economics and summaries the article (1-2 pages).

select any business article that realates to economics and summaries the article (1-2 pages).

In: Economics