How has Americans' healthcare started a divide between political parties?

Government intervene market by using a system called supply management and one of the ways is to impose a price floor. Explain why the actual loss caused by the price floor may be even larger than the deadweight loss.

The countries of both Sub-Saharan Africa and the Middle East and North Africa (MENA) are characterized by patron-client political systems.

(a) What aspects of their respective histories and present realities have led to the pervasiveness of these systems?

(b) What are some of the differences in the way these patron-client relations are exercised in oil- exporting and non-oil-exporting countries in MENA?

(c) How does this “clientelism” relate to the phenomenon of failed states in Sub-Saharan Africa?

Please answer these question

Question 21

Which of the following is equivalent to ATC?

Group of answer choices

FC + VC.

FC + MC.

Change in total cost divided by change in output.

(FC + VC) ÷ Q.

Question 22

In the short run, average costs may rise as a firm increases the rate of production because:

Group of answer choices

Inflation causes the prices of resources to increase.

The supply curve for the product shifts.

Some inputs, such as plant and equipment, cannot be changed.

All of the above.

Question 23

The marginal cost curve intersects the minimum of the curve representing:

Group of answer choices

TC.

ATC.

AFC.

All of the above.

Question 24

If the marginal cost curve is rising, then which of the following must be true?

Group of answer choices

The average total cost curve must be rising.

The average total cost curve must be below the marginal cost curve.

The average total cost curve must be above the marginal cost curve.

Total costs must be rising.

Question 25

Explicit costs:

Group of answer choices

Include only payments to labor.

Are the sum of actual monetary payments made for resources used to produce a good.

Include the market value of all resources used to produce a good.

Are the total value of resources used to produce a good but for which no monetary payment is actually made.

Read Jon Gartner - Rise and fall of GDP (2010). There are free pdf online and answer the questions

1.Is HDI a good measure of national well-being? Explain why yes/no.

2. If you were to improve GDP and HDI as concepts/measures, how would you modify/revise these indicators?

Suppose that, in an economy, every shop allows electronic payment by making more point of sales (POS) terminals available. What are the effects of this facility on the demand for money and on the
price level?

Annual manufacturing cost data (1000s) for four product lines are as follows:

Rank the product lines from lowest to highest in terms of manufacturing cost per unit. Total indirect costs of $10,8 million are allocated based on total direct cost. (Please show work)

Suppose you own a small maple syrup company which requires employees to feed wooden logs into large machines that burn the logs and boil water out of the sap.At current units of production, one machine and a worker working for a day can produce 100 bottles of maple syrup. A new machine could be rented for $1000/day while new workers can be hired for $100/day but having an additional machine would produce 90 bottles of maple syrup, while an additional worker would produce only 10 additional bottles of maple syrup. a. What is the fixed input and what is the variable input?

b. In the short run, which input would you use more of to increase output? Why?

c. In the long run, which input would you use more of to increase output? Why?

d. Assuming every additional machine produced 90 bottles per day and additional workers continued to produce 10 bottles per day, would this be considered economies of scale? Why or why not?

e. Why is the assumption in part (d) unrealistic?

With more natural disasters occurring, with rising political expectations that government will provide aid, and with the federal government shouldering more of the cost, are you comfortable with the implication that this could lead to a growing concentration of power in the federal government?

1. (10 pts) You just bought a house for $400,000. You put 20% down and financed the rest over 30 years at 6% nominal interest. Assuming equal monthly payments over the term of the loan, what are the monthly payments? What is the effective rate? (Chapter 4)

2. (10 pts) What would you need to invest today in an account that had a nominal rate of 8% compounded quarterly, if you wanted $12,000 in 4 years? What would be the investment required if the account compounded semi-annually? What is the effective rate of each investment? (Chapter 3)

3.

1. (10 pts) Assume the following cash flows: (Chapter 4)

Assuming an 9% interest rate, what is the value of A required to make the present value of the cash flows equal to 0?