Compare and contrast monopolistically competitive firms with competitive firms. Be sure to explain what is similar in each industry and what is different. Make sure to address how many firms are in the industry, whether the product is homogenous or differentiated, conditions of entry and exit, and both short-run and long-run economic profit. (pls explain more as I'm only in intro to Micro, thx)

What are the key criticisms of the Gini coefficient?

In your opinion, what are the three most important macroeconomic issues of our society today?

Watch the TED Talk below and think about how the marriage practices in this film illustrate the various attributes of culture discussed last week. Specifically, write a brief 100-200 word reflection addressing the following: Are five husbands better than one? Kimber McKay at TEDxUMontana

• How is fraternal polyandry interconnected with other aspects of life, such as property and economics?

• How do the marriage practices in this region of Nepal illustrate that culture is dynamic?

1. Trace through the short-run, intermediate, and long-run effects of an increase in consumer wealth.  (Remember there are several AD determinants.  Be able to do this question for any of them—things like consumer optimism, consumer pessimism, decreases in wealth, decrease in household indebtedness, increase in household taxes, decreases in household taxes, increased excess capacity of capital, decreased excess capacity of capital, increases in the cost of maintaining capital, decreases in the cost of maintaining capital, increases in gov’t spending, decreases in gov’t spending, increases in income abroad, decreased value of currency, ETC).  No not use policy to offset the resulting business cycle. Include a graph and extended 4-step analysis.

1)start:

2)Shock:

3)Shift:

4)Result: Short Run

Intermediate

Long Run

Explain the relationship between Mexican workers and U.S. corporations and assess how this relationship contributes to the alienation and solidarity of U.S. and Mexican workers. 300 words

Explain in detail the past FOMC monetary policy decisions during the period 2000 to 2019?

The money multiplier was m1 = 1.01 in March of 2019. How effective were the Feds actions in 2019? Why? Explain.

1. A firm has the production function Q = 4LK. The marginal products are given by MPL = 4K and MPK = 4L. Suppose that w = r = 25. Write out the expression for the long run total cost curve. Does this firm experience economies or diseconomies of scale? Does this firm experience increasing, decreasing or constant returns to scale?

TC = 25Q^0.5 ; Economies of Scale; IRS

2. The current price level in the U.S. is $14,000 per consumption bundle, and £10,000 per consumption bundle in the U.K.. The spot rate is $1.65/£. The annual inflation rate is expected to be 2% in the U.S. and 5% in the U.K.

(1) Assume £ weakens against dollar by 4% in the next year. Discuss with calculations (a) the impact on GBP’s purchasing power in U.S. in the next year; (b) the impact on GBP’s purchasing power in U.K. in the next year; (c) which country will become more competitive in the world market next year

(2)    Calculate to conclude the deprecation/appreciation of GBP that leads to no change to the trade between two countries in the next year.

do you think that the company is wise to monitor employees in this matter? why or why not?

Taking these two documents together -- ( From Woodrow Wilson, War Message to Congress in 1917 and From Eugene v. Debs, Speech to the Jury before Sentencing under the Espionage Act (1918) in what contrasting ways are patriotism defined during The Great War? What constitutes a patriotic (or unpatriotic) act according to the Espionage Act, and according to Debs?