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
In: Economics
Phillip was waiting for a bus at a bus stop. Across the street and down the block, a mechanic negligently overinflated a tire he was intending to put onto Marsha’s pickup truck. The exploding tire injured Marsha and frightened a neighborhood dog, which ran down the street and knocked Phillip down, injuring his knee. Phillip sued the mechanic. In applying the Palsgraf v. Long Island Railroad Co. decision to this case, explain in detail why or why not the mechanic would be liable and provide a thorough analysis. Make sure to apply the facts of this situation to the Negligence Analysis as well with particular focus on the Palsgraf application.
In: Economics
Discuss the tools and techniques best suited for resistance to change?
In: Economics
Consider the following regression equation for the United States (standard errors in parentheses):
where: Pt = per capita pounds of pork consumed in time period t
PRPt = the price of pork in time period t
PRBt = the price of beef in time period t
YDt = per capita disposable income in time period t
(a) Hypothesize signs and specify the appropriate null and alternative hypotheses for the coefficients of each of these variables.
(b) State your decision rules and then test your hypotheses on the above results using the t-test at a 5% level of significance.
(c) If you could add one variable to the regression, what variable would you add? Why?
In: Economics
1.Explain why economists advocate that regulators use marginal-cost and not average-cost pricing. Also explain why regulators favor average cost pricing.
2. Provide the formula for how a Public Utility Commission determines the rate-of-return. Then relate it to the Averch-Johnson Effect.
3. Draw a graph that shows the social welfare loss from a flat rate as compared to using a peak and off-peak rate. Explain.
4. Why is it a challenge to utilities to promote energy efficiency? How might decoupling reduce the challenge?
In: Economics
1) Explain the similarities and differences between monopolistically competitive markets, monopolies, and perfectly competitive markets.
2) Does the presence of asymmetric information in a market justify governmental intervention? Justify your answer using economic principles.
3) Explain bargaining power, the factors that determine it, and its impact in determining the outcome of negotiations.
In: Economics
Choose and research the cultural environment of a country that it is not the United States. Appraise the cultural forces and implications of making business in this social culture
In: Economics
In: Economics
In: Economics
Analyze the following statements regarding the US external position:
a. The deterioration of the Net Foreigner Asset position means that foreign holdings of US issued assets have increased while domestic holdings of foreign issued assets have not increased.
b. The increase in the fiscal deficit in the last decades contributed to the current account deficits.
c. Investments in the US have been larger than domestic Savings which is equivalent to incurring a fiscal deficit.
Explain which statement is correct (and why) and why the others are incorrect.
In: Economics
Suppose that the supply of bourbon (unit = 1 bottle) is given by P = 3Q. The demand for
bourbon is given by P = 100 – Q. Suppose the government introduces a tax on bourbon of $12 per
bottle, to be paid to the government by consumers.
a. What is the deadweight loss associated with this $12 tax on each bottle of bourbon?
b. How much of the deadweight loss is borne by consumers? How much is borne by suppliers?
In: Economics
True or False? The 2017 Tax Cuts and Jobs Act will make it more costly for individuals to properly file their annual income taxes, but will likely increase charitable giving?
In: Economics
What were the social effects of republicanism on groups such as African Americans, Native Americans and women since the American Revolution. Your essay should cover the time period from the 1770s to the 1840s.
In: Economics
What were some of the adverse economic outcomes, for BP and others, arising from the Deepwater Horizon accident and the suspension of all new domestic offshore drilling during the accident investigation? Cite specific examples
In: Economics
I. The government in a certain economy has offered all business significant investment tax credits. Firms as a result invest heavily in new capital equipment and households have taken mortgages to buy new homes.
II. Explain whether each of the following events will increase, decrease or have no effect on the long-run aggregate supply.
In: Economics