could you expand on what an economy central interest is and how depressing it will effect the economy.

The University of Mount Olive (UMO) has a new President, and he wants to evaluate how we are doing. Should UMO continue to expand, should we contract, are we the right size? We need to make some critical decisions. As a graduate student of this institution, you are asked to turn your reasoning powers on to Mount Olive's expansion.

1. First, UMO would like to know the extent to which we should expand. In other words, what is the optimal size of UMO, and how will we know if we are overextended? If we are looking at costs and profits, several issues arise which you will need to deal with. For example, what is the appropriate "cost" to use and, consequently what is the correct view of "profit"?

2. With the expansion, you will need to look at the Law of Diminishing Marginal Returns and determine whether it applies to education, especially in an online format. How does the Law apply to students and to the hiring of new faculty?

3. Furthermore, if Mount Olive hires adjuncts, what sort of agency problems might arise? How can they be best dealt with? F

4. inally, we need to consider the long-term effects of expansion on UMO's reputation. Specifically, what is the value of Mount Olive's reputation today and in the future if there is over expansion? To whom is UMO's reputation most valuable? How can the stakeholders help insure that the reputation is upheld?

Explain how the Keynesian sticky wage model is built. What are the main relationships? Explain briefly what each curve depicts.

Oligopoly is the market structure of big business in America. Develop and discuss with examples (choose an oligopoly industry to focus on here) where appropriate the various aspects that make up Michael Porter's structural analysis of an oligopoly for your selected industry

Describe how the prisoner's dilemma can be converted into a business strategy context, e.g. in a pricing game where the strategy is increase price or leave price unchanged or the decision to enter or not enter a market.

Define what is meant by a product and by a geographic market. Assume that thereare five firms in the market, each with 20 % of total sales. If two of these firms wanted to merge, would they be allowed to do so under the 2010 Merger Guidelines by the Department of Justice? Why?

1. You are assigned two tasks. In the first, you are asked to project tax revenue for a city government under the assumption that current tax rates are left unchanged. In the second you are asked to forecast the revenue increase that would result from increasing the tax on automobiles garaged in the city. You want to use regressions to answer these two questions
   1. Would you need to be concerned about the exogeneity of your right-hand-side variables in one, both or neither of the projects. Explain.
   2. What time-series technique would be appropriate for projecting revenue assuming there are no changes to the tax rates? What steps are involved?

1. If the price of good X decreases and nothing else in the economic environment changes, what will most likely happen to the quantity demanded? (Multiple Choice)

   1. The most likely result is that the quantity demanded of X will decrease.

   2. If the demand function is Q = 25P-1 consumer expenditure and quantity demanded will be unchanged.

   3. In the rare circumstance that the good is a Giffin good, the quantity demanded will increase.

   4. Total consumer expenditure on good X will increase.0

   5. None of the above.

Earnie sells lemonade at a busy street corner in Rollaville. His production function is f(x,y) = x^1/4*y^1/2 where output is measured in gallons, x is the number of pounds of lemons he uses, and y is the number of labor-hours spent squeezing them. The price of a pound of lemons is $1 and the wage rate for the lemon-squeezer (Earnie’s best friend, Bert) is also $1. While Earnie can hire Bert for any amount of time, he has only three choices of amount of lemons available to him: 1 pound, 16 pounds, and 81 pounds.

(a) Does Earnie’s production process exhibit increasing, decreasing, or constant returns to scale? SHOW your work.

(b) Suppose that Earnie has decided to use exactly one pound of lemons. What are his average cost and marginal cost? Denote them as AC1 and MC1, respectively. Find the minimum point of AC1. (REMINDER: If the total cost function is given by c(q) = Aq2 +B, where A and B are constants, then the marginal cost is MC(q) = 2Aq.)

(c) Repeat with 16 pounds of lemons and find AC16 and MC16. Find also the minimum point of AC16.

(d) Repeat with 81 pounds of lemons and find AC81 and MC81. Find also the minimum point of AC81.

(e) Find the range of output (lemonade) where AC16 is the smallest of the three average costs.

(f) Find the range of output (lemonade) where AC81 is the smallest of the three average costs.

(g) Use your answers to (b)–(f), draw average costs and marginal costs. In addition, indicate Earnie’s “long-run” average cost curve when only these three different amounts of lemons are available to Earnie. Make sure your graphs contain (1) minimum values of each of the three short-run average costs and (2) output quantities that you found in (e) and (f).

Specifically need E, F, & G. Thank you in advance.

why are governments involved in trade disputes?

In the short run, the entry of firms will result from ___________________.

In the short run, the exit of firms will result from ______________.

In the long run, there will be _______ economic profit.

Triple Equality is when _____ = minimum ______ = ______

The term productive efficiency means ______ = _______. This is important because _________________________.

The term allocative efficiency means _____ = ________. This is important because __________________________.

Write a conclusion to the topic "Injustice to the American system" and include the sources

Consider a market for which aggregate inverse demand is ? = ? − ?? and total cost for each firm is ??(?) = ?? where ?, ? and ? are positive constants.

a. Derive the equilibrium values ? ∗ and ? ∗ if the market is characterized by perfect competition.

b. Derive the equilibrium values ? ? and ? ? if the market is characterized by monopoly.

c. Derive the equilibrium values ? ? and ? ? if the market is characterized by an ?-firm Cournot oligopoly.

d. Show that the Cournot oligopolistic outcome, in terms of ? and ?, coincides with the monopolistic outcome when ? = 1 and approaches the perfectly competitive outcome when ? → ∞.