In: Economics
In: Economics
Explain the impact of property taxes on urban sprawl in your own words, as discussed in Slack (2016
In: Economics
What is the difference between unconditional and conditional convergence in economics , and why is this difference important?
In: Economics
How did the Cold War establish the parameters for economic, social, and political life in the United States in the immediate postwar years from 1945 to 1960? (300 words)
In: Economics
Research of the intra-industry contents the trade volume, value, industries, trends, and compare with two other countries; the development of the intra-industry trade of Morocco.
In: Economics
With excellent analysis, identify the existing problems faced by the telecommunications industry. (relevant subject - business analytics)
In: Economics
Q1. Assume that American rice is sold for $100 per bushel, Japanese rice is sold 16,000 yen per bushel, and the nominal exchange rate is 80 yen per dollar. Assume that the nominal exchange rate remains unchanged.
Select one:
a. Buy a bushel of American rice and then sell it in Japan, making a profit of 80,000 yen.
b. Buy a bushel of American rice and then sell it in Japan, making a profit of 100 dollars.
c. Buy a bushel of Japanese rice and then sell it in the US, making a profit of 100 dollars.
d. The buy and sell process would continue until the price of American rice rise higher than the that of Japanese rise.
e. The buy and sell process would continue until no profit can be made
f. A and D
g.B and E
h. C and D
i. C and E
j. None of the above is correct
2. Which of the following would both make a country’s real exchange rate rise ?
Select one:
a. its budget deficit increases and bonds issued in the country become riskier
b. bonds issued in that country become riskier and it imposes an import quota
c. its budget deficit decreases and it imposes an import quota
d. a sudden capital flight
e. None of the above are correct.
3. In the open-economy macroeconomic model, the supply of loanable funds comes from
Select one:
a. the sum of domestic investment and net capital outflow.
b. private saving alone.
c. foreign borrowing alone.
d.Y-C-G.
e. None of the above are correct.
explain plz
In: Economics
write a research proposal topic on International
Marketing .
Give examples of International Marketing ?
How do International mangers cope with or thrive under these such
challenges ?
How do they deal with International Marketing B2B Marketing?
International Marketing can be conceived as a reactive and a
political to the external social political changes or should it
actively and positively deal with the dark side of its
engagement?
how to deal with digital marketing across the markets ?
In: Economics
Define a linear programming model and its components. Discuss which 3 properties a planning problem needs to meet to be modeled as an LP?
Define the feasible set and its corner points. Explain how one can find the combinations of the decision variables corresponding to the corner points. How one can use the corner points to find the optimal solution?
Define special situations: unbounded feasible set, infeasibility, alternate solutions, redundant constraints. Discuss what do these situations imply for the manager's planning problem. When do you need to and how do you avoid this situation?
In: Economics
In: Economics
Match the term to the definition. There are NO DUPLICATES in this set.
|
A decision for the loss-minimizing producer to cease production but not go out of business |
|
A group of firms that agree to coordinate their production and pricing decisions to maximize group profits |
|
The condition that exists when market output is produced using the least-cost combination of inputs, given the level of technology. |
|
To maximize profit or minimize loss, a firm should produce the quantity at which MR = MC |
|
A legal barrier to entry that conveys to its holder the exclusive rights to sell a product for 20 years. |
|
Important features of a market such as the number of firms, type of product, barriers to entry, etc. |
|
An agreement among firms to increase economic profit by dividing the market or fixing the price. |
|
Products produced within a market that are standardized. |
|
Any impediment that prevents new firms from competing on an equal basis with existing firms in an industry. |
|
The change in total cost resulting from a one-unit change in output. |
|
The condition that exists when firms produce the output that is most preferred by consumers; marginal benefit equals marginal cost |
|
A firm whose price is adopted by the rest of the industry. |
|
A market situation in which there are only a few firms and each of them must consider the effect of their actions on their competitors’ behavior. |
|
Increasing profit by selling a product for different prices to different groups of consumers when the price differences are not justified by differences in production costs. |
The difference between the rate of output at a firm’s minimum average cost and the profit-maximizing rate of output
Vocabulary:
| A. |
Market structure |
|
| B. |
Allocative efficiency |
|
| C. |
|
|
| D. |
Homogeneous product |
|
| E. |
shutdown |
|
| F. |
Excess capacity |
|
| G. |
interdependence |
|
| H. |
Golden rule of profit maximization |
|
| I. |
Patent |
|
| J. |
Price discrimination |
|
| K. |
Productive efficiency |
|
| L. |
Collusion |
|
| M. |
cartel |
|
| N. |
Barrier to entry |
|
| O. |
Price leader |
In: Economics
In: Economics
Question for Discussion ---------- 2. Examine the role demand-side factors play in shaping the pattern of world trade. 3. Why do demand-side factors sometimes lead to the geographical concentration of manufacturing industries in particular countries or regions?
In: Economics
Breakdown of a cartel agreement
Consider a town in which only two residents, Sam and Teresa, own wells that produce water safe for drinking. Sam and Teresa can pump and sell as much water as they want at no cost. For them, total revenue equals profit. The following table shows the town's demand schedule for water.
|
Price |
Quantity Demanded |
Total Revenue |
|---|---|---|
|
(Dollars per gallon) |
(Gallons of water) |
(Dollars) |
| 4.20 | 0 | 0 |
| 3.85 | 40 | $154.00 |
| 3.50 | 80 | $280.00 |
| 3.15 | 120 | $378.00 |
| 2.80 | 160 | $448.00 |
| 2.45 | 200 | $490.00 |
| 2.10 | 240 | $504.00 |
| 1.75 | 280 | $490.00 |
| 1.40 | 320 | $448.00 |
| 1.05 | 360 | $378.00 |
| 0.70 | 400 | $280.00 |
| 0.35 | 440 | $154.00 |
| 0 | 480 | 0 |
Suppose Sam and Teresa form a cartel and behave as a monopolist. The profit-maximizing price is
per gallon, and the total output is
gallons. As part of their cartel agreement, Sam and Teresa agree to split production equally. Therefore, Sam's profit is
, and Teresa's profit is
.
Suppose that Sam and Teresa have been successfully operating as a cartel. They each charge the monopoly price and sell half of the monopoly quantity. Then one night before going to sleep, Sam says to himself, "Teresa and I aren't the best of friends anyway. If I increase my production to 40 gallons more than the cartel amount, I can increase my profit even though her profit goes down. I will do that starting tomorrow."
After Sam implements his new plan, the price of water to
per gallon. Given Teresa and Sam's production levels, Sam's profit becomes
and Teresa's profit becomes
.
Because Sam has deviated from the cartel agreement and increased his output of water to 40 gallons more than the cartel amount, Teresa decides that she will also increase her production to 40 gallons more than the cartel amount.
After Teresa increases her production, Sam's profit becomes
, Teresa's profit becomes
, and total profit (the sum of the profits of Sam and Teresa) is now
.
In: Economics