Suppose that Lynn enjoys sugar in her coffee. She has very particular preferences, and she must have exactly three spoonfuls of sugar for each cup of coffee. Let C be the number of cups of coffee, and S be the number of spoonfuls of sugar. Also, let PC be the price of a cup of coffee. Suppose Lynn has $12 to spend on Coffee and Sugar. Also, the price of Sugar is $.20 per spoonful. Graph Lynn’s Price consumption curve for prices, PC = $.60, PC = $.90, and PC = $1.80.

a) Please put the number of cups of coffee (C) on the horizontal axis, and the number of spoonfuls of Sugar (S) on the vertical axis. Be sure to graph each budget constraint associated with each price of Coffee, identify Lynn’s optimal bundle on each budget constraint, and make sure your graph is labeled carefully and accurately.

According to the EPA’s prospective analysis of the 1990 to 2010 period, total social benefits (TSB) associated with the CAAA of 1990 are estimated at $690 billion and the comparable total social cost (TSC) estimates are $180 billion (both in $1990).

a. Explain why these data do not communicate whether the regulations outlined by the CAAA of 1990 are efficient.

b. Using three separately labeled graphs of conventionally-shaped TSB and TSC functions show that these values indicate that the regulations outlined in the CAAA of 1990 are (i) efficient; (ii) too lenient; and (iii) too stringent.

The Federal Reserve on Tuesday, March 3, 2020 took the emergency step of cutting the benchmark U.S. interest rate by half a percentage point, an attempt to limit the economic and financial fallout from the coronavirus. Consider the FX market and the money market diagrams we learned within asset approach to exchange rate determination and answer the following questions. Let US be the home country and Euro Area be the foreign country. a) Following the Fed’s decision, explain which schedule(s) shift in the US money market and why. b) Following the Fed’s decision, explain which schedule(s) shift in the FX market and why. c) What happens to the equilibrium E$/€ exchange rate? Why?

Interest Rate Tax

Consider a two-period economy, where the consumers can lend or borrow and the income of the consumers in both periods is exogenous. Suppose the government introduces a tax on the interest earnings of the lenders. That is, while borrowers face a real interest rate of r before and after the tax is introduced, lenders face a real interest rate of (1 − x)r, where x is the tax rate, after the tax is introduced.

1. Show the effects of the increase in the tax rate on consumer’s lifetime budget constraint.

2. How does the tax affect the optimal choices (consumption in current and future periods and saving)? Show how income and substitution effects matter for your answer, and how it matters whether the consumer is initially a borrower or a lender

The world has been struggling to contain the spread of the Covid-19 pandemic using measuring such as lockdowns and travel restrictions. These measures have created economic pain all across the world. To help ease the economic impact, governments and monetary authorities have mooted stimulus packages. Bank of South Africa, in particular, has taken a number of measures to support economic activity and avoid a collapse of the economy. Among these measures include: a decision to keep monetary policy unchanged despite rising inflation; $1 billion stimulus package for strategic sectors; promise to provide more liquidity to the money market. As a student of monetary policy, discuss the expected economic implications of these measures citing practical examples.

Discuss Kaushik basu model for child labor

Do you think management of water will be a challenging issue in Saudi Arabia within the next few decades?

Steel industry is highly competitive globally. A typical firm in the steel manufacturing industry in Pittsburgh, "Super Steel" in 1980s has the following production function... y= K²L. Their production plan or contract is to deliver 8192 tons of steel per day. The capital price is $32 per day and the labor price is $62 per day. How many labor would they need to hire in the 1980s? What is the cost to produce 8192 tons for SuperSteel?

In 2000s there are lots of international trade about steel. Suppose there's another steel manufacturing firm in china, "SinoSteel," that produces the exact same products as super steel. They can also produce 8192 tons per day with the production function y= KL². The capital price in china is $32 per day, and the labor price is $16 per day. So, how many labor would SinoSteel hire? What is the cost to produce 8192 tons for SinoSteel?

You offer Donny the choice between two bundles of Coffee (C) and Muffins (M). The

options are(C,M) = (6, 4)and(C,M) = (8, 2), and Donny indicates he prefers the second option.

(a) Write a utility function for Donny that is consistent with his choice.

Suppose you offer him a third option of(C,M) = (7, 6)in addition to the original two, and that Donny indicates he prefers this third option to the first two.

(b) Write a utility function for Donny that is consistent with his choice. It is possible it may be

the same as your answer from part (a).

Pick one of the 4 Product Market. Perfect Competition, Monopolistic Competition, Oligopoly or Monopoly. Explain the different characteristics of the product market that you have chosen. Explain how your Product Market is different from the other 3 product markets.

. Describe how policy makers should approach macroeconomic policy now that the scientific evidence clearly shows that future growth of output using current technologies will cause an environmental disaster that threatens the very survival of the human species. Use macroeconomic models to explain the problems and so outline possible solutions . how much we change the social and economic system that are currently altering the natural environment? Is more economic growth possible?

For this assignment you will read the scenario below: You are the President of the United States, and your first term ends in a year. The cost-control mechanism you instituted 2 years ago, based on patient cost sharing and managed competition, has not worked, and the American people are upset about persistent health care inflation. You are preparing for a major television address on health care costs. Based on this scenario you will develop a 10-12 PowerPoint that includes the following:

1. A definition of patient cost sharing and managed competition. What are these practices and what is the expected outcome?

2. An explanation of whether these strategies are considered ‘painful’ or ‘painless’ cost controlling mechanisms (answer Only 2)

3. A proposal on either the expansion of current cost-sharing programs and more regulations to control costs or the elimination of the two current control mechanisms in favor of new ones.

Why has the HRM function increased in stature and influence in many organizations and How has increased globalization influenced the way HRM is practiced in the United States?