Questions
What is the sequence of events in the Relentless Profit Squeeze and compare to the sequence...

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...

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?

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     ...

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...

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)...

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....

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

You operate your own small building company and have decided to bid on a government contract...

You operate your own small building company and have decided to bid on a government contract to build a pedestrian walkway in a national park during the coming winter. The walkway is to be of standard government design and should involve no unexpected costs. Your present capacity utilization rate is moderate and allows sufficient scope to understand this contract, if you win it. You calculate your incremental costs to be $268,000 and your fully allocated costs to be $440,000. Your usual practice is to add between 60% and 80% to your incremental costs, depending on capacity utilization rate and other factors. You expect three other firms to also bid on this contract, and you have assembled the following competitor intelligence about those companies.

Issue

Rival A

Rival B

Rival C

Capacity Utilization

At full capacity

Moderate

Very low

Goodwill Considerations

Very concerned

Moderately concerned

Not concerned

Production Facilities

Small and inefficient plant

Medium sized and efficient plant

Large and very efficient plant

Previous Bidding Pattern

Incremental cost plus 35-50%

Full cost plus 8-12%

Full cost plus 10-15%

Cost Structure

Incremental costs exceed yours by about 10%

Similar cost structure to yours

Incremental costs 20% lower but full costs are similar to yours

Aesthetic Factors

Does not like winter jobs or dirty jobs

Does not like messy or inconvenient jobs

Likes projects where it can show its creativity

Political Factors

Decision maker is a relative of the buyer

Decision maker is seeking a new job

Decision maker is looking for a promotion

Show all of your calculations and processes. Describe your answers in three- to five-complete sentences.

What price would you bid if you must win the project?
What price would you bid if you want to maximize the expected value of the contribution from this contract?
Defend your answers with discussion, making any assumptions you feel are reasonable and/or are supported by the information provided.

In: Economics

Penetration pricing is the practice of setting a relatively low price to induce greater adoption by...

Penetration pricing is the practice of setting a relatively low price to induce greater adoption by consumers and, thus, gain greater market share” (Douglas, 2012). Utilizing a penetration pricing strategy would be more beneficial given the exposure it would provide to the new product. In comparison, I further believe that Vicks NyQuil is more of a recommended brand in households during the cold and flu season, so introducing Alka-Seltzer Plus at a lower price and more symptom relief will have great market attention for the product and brand. In the short run, the brand will garnish the attention needed in the market, and the ability to increase profitability in the long run.

Give opinion

In: Economics

Analyze the following statements regarding the US external position: a. The deterioration of the Net Foreigner...

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....

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...

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...

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...

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...

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.

  1. Draw an aggregate-demand/aggregate supply diagram showing the short-run effect of the investment tax credits on the economy. Label the new levels of prices and real output. Explain in words why the aggregate quantity of output supplied changes.
  2. Now use the diagram that you have drawn from part (a) to show the new long-run equilibrium of the economy. (Assume here, there’s no change in the long run aggregate-supply curve.) Explain in words why the aggregate quantity of output demanded changes between the short run and the long run.
  3. How might the investment boom affect the long-run aggregate supply curve? Explain.

II. Explain whether each of the following events will increase, decrease or have no effect on the long-run aggregate supply.

  1. The discovery of iron ore deposits in the United States.
  2. Intel invents a new and more powerful computer chip.
  3. Congress raises minimum wage to $18.
  4. The United States experience a significant decline in immigration.
  5. The price of raw material sharply increases.

In: Economics