. What are the limitations of the mainstream model of consumer behavior?

Do you think there should be unemployment compensation? (Another form of income distribution)

Why or why not?

Tokyo 2020 Olympics officially postponed until 2021

1. Do you think the Olympics made the right choice in postponing the games?
2. If you were an athlete who was performing, how would you feel?
3. Do you believe there will be a chance that the Olympics could be held earlier than the postponed date?
4. How does the postponement affect ticket holders? Should tickets be considered valid?
5. Do you think this pandemic will be contained before the games?

Use the following information to answer the next two questions:

Suppose society consists of two individuals, A and B, who must split a fixed income of $100. Individual A’s marginal utility of income is given by MU_A=400-8I_A and individual B’s marginal utility of income is given by MU_B=800-4I_B.

17. If the social welfare function is given by W=U_A+U_B, then at the optimal distribution of           income, social welfare (W) is _______________.

18. Suppose instead that the social welfare function is given by W=U_A, then at the optimal distribution of income, social welfare (W) is ______________.

Use the following information to answer the next three questions:

Consider an altruistic individual whose utility function is given by U=f(I_self,I_charity). Their marginal benefit of donating to charity (i.e. those in need) is given by MPB=200-I_charity and their marginal cost of donating to charity is given by MPC=4I_charity. This individual’s donations also result in marginal external benefits to third parties (those who benefit from knowing that donations are being made to those in need), given by MEC=5. Using a graph with dollars on the vertical axis and I_charity on the horizontal axis, answer the following questions.

19. This individual will voluntarily donate $ ______________to charity.

20. The deadweight loss associated with this individual voluntarily donating to charity is

      $_____________.

21. To encourage this individual to voluntarily donate the socially efficient amount to charity government would need to offer this individual a tax credit in the amount of $_____________.

Suppose that a hypothetical economy is characterized by the following equations:

C = 200 + 0.75(Y-T)

I = 200 – 25r

G = 100

T = 100

MS = 1,000

P = 2

(M/P)^d = Y – 100r

1. Use the above information to obtain an expression for the IS curve (write Y as a function of the interest rate).
   1. mathematical procedure

2. Explanation

2. Assuming that P is fixed at 2, obtain an expression for the LM curve (again, write Y as a function of r).
   1. mathematical procedure

2. explanation

3. Find the equilibrium level of Y and r.
   1. mathematical Procedure

2. explanation

4. Suppose that the government increases G to 150. By how much the IS curve will shift? What are the new levels of Y and r?
   1. mathematical procedure

2. explanation

5. Suppose that after the increase in G, the Belize Central Bank raises the money supply to 1,200. What are the new equilibrium values of r and Y?
   1. Mathematical Procedure

2. explanation

What is the significance of loanable funds to both national and local enconmies?

The firm, competing in a very highly competitive market, is manufacturing and selling headphones. The firm’s total revenue and cost functions are:

Rq=q3+14q2+35q+40

Cq=13q3+20q2+19q+15

1. How many headphones must the firm manufacture and sell to maximize profits?
2. What will be the price the firm must charge to its customers to maximize profits?
3. What will be the average revenue generated for each unit sold and what will be the average cost of producing a headphone?

q = K^1/2 L^1/2 p=$20, v=$8, w=$4

a) suppose k= 16, find short-run total and marginal costs, and also firm supply function. Find the price that the firm shuts down its production.

b) find firm profit maximization demand function and short-run supply function

q= K^1/3 L^1/3 w=$2, V=$16, k=27, p=$32

a)what's the firm level of labor and profit?

b)what'd you suggest for adjustment of short-run and future amount of K and L?

''Irrespective of the structure of the labour market, economic theory predicts that the imposition of a minimum wage above the otherwise prevailing wage unambiguously reduces employment”.

Discuss the validity of the above statement both on the basis of economic theory and in light of the existing empirical evidence

1.A manufacturer of mountaineering equipment produces traditional​ three-strand climbing rope on two separate production​ lines, line 1 and line 2. The manufacturer regularly tests the tensile strength of its ropes by randomly selecting ropes from production and subjecting them to various tests. The results from the most recent random sample of ropes are shown below.

Assuming the population of tensile strengths for each line is approximately normally distributed with equal​ variances, can the manufacturer conclude there is a difference between the mean tensile strengths of ropes produced on the two​ lines? Conduct the appropriate hypothesis test at the 0.01 level of significance.

Line 1 Line 2

x overbar x1=7,248 lb x overbar x2=7,725 lb

s1=405 s2=430

n1=25 n2=20

What are the appropriate hypotheses to​ test?

A. H0​: μ1−μ2≥0

HA​: μ1−μ2<0

B. H0​: μ1−μ2≤0

HA​: μ1−μ2>0

C. H0​: μ1−μ2<0

HA​:μ1−μ2≥0

D. H0​:μ1−μ2>0

HA​: μ1−μ2≤0

E. H0​: μ1−μ2≠0

HA​: μ1−μ2=0

F. H0​: μ1−μ2=0

HA​: μ1−μ2≠0

Determine the rejection region for the test statistic t. Select the correct choice below and fill in the answer box to choose choice.

​(Round to four decimal places as​ needed.)

A.

t>?

B.

t<?

C.

t<? or t>?

Calculate the value of the test statistic.

t=?(Round to four decimal places as​ needed.)

Since the test statistic ▼ (choose is/ is not )in the rejection​ region, ▼(do not reject/reject)the null hypothesis. There is ▼(sufficient /insufficient) evidence to conclude that the two population means are different.

Suppose that the demand curve for wheat is

D

(

p

) = 120

−

10

p

, and the supply curve is

S

(

p

) = 10

p

. The government imposes a price floor of $8 per unit.

1. Draw a clearly marked graph to illustrate the demand, supply, competitive equilibrium

point (without government intervention), and the price floor.

2. Compute the equilibrium price and quantity after the price floor and interpret the results.

3. Explain who benefits and who loses from this measure and by how much. What can you

say about the welfare of the society as a whole?

Savemore store is a retail store that sells many different types of items and many different brands. The store has plain clothes security workers who walk around the store and watch customers to monitor and limit theft of merchandise.

Charley Customer enters Savemore and is seen walking down the clothing aisles looking at different clothing for sale at the store. Charley Customer has a shopping cart with him and makes his way to the registers to pay for the items in the shopping cart.

Sue, an undercover security worker, is doing her regular rounds and notices a tag and hanger clip torn off a belt and thrown in the middle of some folded shirts on a lower shelf. She did not see who removed the tag and hanger, but confirms the belt is missing. She radios to the other security workers what she discovered.

Security worker Mike recalls that he observed Charley Customer in the clothing aisles and jumps into action by running out to the parking lot and tackling Charley Customer and detaining him on suspicion that he took the belt. It is later realized that Charley Customer did NOT take the belt as the store surveillance video confirmed that the belt was taken earlier that day by another customer who already left the store.

Charley Customer is detained for approximately 30 minutes while the security workers investigate the situation. When they apologize to Charley Customer, he is so frustrated, he grabs a stack of papers off the desk in the security office and throws them at Sue! Sue was terrified as she saw Charley Customer get upset and start to throw the papers at her; thankfully she was able to move out of the way and not get hit.

Explain what claim, or claims, Charley Customer may potentially bring against Savemore and the security workers. Be specific in the types of claims and explain why they may apply.

Explain what claim, or claims, Sue may be able to bring against Charley Customer and explain why in detail.

What is the sequence of events in the Relentless Profit Squeeze and compare to the sequence of events facing a monopoly

please answer soon anyone