In: Economics
A consumer has an income of $1,000 to spend on food and medicine. The price of one unit of food is $$5 and the price of one unit of medicine is $10. For each question, write down the mathematical expression of the budget constraint and draw it carefully. Put food on the x-axis and medicine on the y-axis. Label the intercepts, slopes, and kinks.
Suppose the consumer receives coupons for 50 units of food and those can only be used to buy food.
Suppose the consumer receives coupons for 50 units of food and can sell the coupons at half of the market price of the food.
Instead of the coupon, the consumer receives a 10% discount for additional units of food that exceed 100 units. That is, the consumer pays $5 for each of the first 100 units and $4.5 for each additional unit.
In: Economics
During the 2008-2009 recession, many companies were recipients of government bailout money. Do you think the bailout was a good idea, and do you think the companies listed in the link above deserved the bailout money? Explain your reasoning. A yes/no/maybe answer to the question with an explanation of your reasoning. Include a detailed and accurate application of one or more of the concepts: discretionary fiscal policy, automatic stabilizers (automatic fiscal policy), incentives.
In: Economics
Assess the internal environment of the company, ULTA BEAUTY INC.. Specifically evaluate the core competencies, sources of competitive advantage, and the sustainability of the advantages. The analysis should leverage the tools such as value chain, VRIN. Also, link to company performance.
In: Economics
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1. Why is India an attractive market for Starbucks? 2. What is Starbucks’s international strategy? Is it more of adaptation or standardization? 3. Why did Starbucks enter India with a joint venture? |
In: Economics
What are the benefit and loss associated with limiting legal/illegal migrants for the US? 300 WORDS
In: Economics
How does GDP accounting record the following events? For each of them, describe how they would be computed in GDP accounts using the income method, the production method and the expenditure method
(a) Panasonic builds a TV which it sells domestically for $500. Panasonic’s only costs were labor costs of $200.
(b) You purchase a brand new house for $250,000 and live in it for three month,the rental rate to live in a similar house is $1,000 a month. For simplicity assume the house was produced at zero cost by a corporation.
(c) Walmart sells 1000 bottles of Coca-Cola for $1,500. It had purchased them last year and paid $1,200 for them.
(d) Mining Inc. mines $10,000 worth of natural resources which it sells to Pear Inc. Pear Inc. uses the natural materials to produce $20,000 worth of laptops.Pear Inc. sells half the laptops to Wells Fargo to be used in their offices and the other half to individuals for personal use. Mining Inc. pays its employees$5,000. Pear Inc. pays its employees $5,000.
In: Economics
In: Economics
What is a perfectly competitive market, please explain (thoroughly). Why most industries are not perfectly competitive, explain and provide examples. Use your book to explain the different markets. **Important Information for Discussion Forum Topics: For the student to earn the full 100 points for each Discussion Forum Topic, ALL must meet the following criteria: 1. Submitted posts in a timely manner and in step with the posted topic calendar deadlines. Professional presentation is required with no grammar, spelling or punctuation errors. 2. Made good use of the principles and concepts presented in the chapter readings. 3. Provided adequate support and justification. 4. Applied a level of understanding expected of a college-level student. 5. When appropriate, additional examples were used to validate the responses given.
In: Economics
For each of the following changes, what happens to the real interest rate and output in the long run, after the price level has adjusted to restore general equilibrium? How would the results differ, if at all, between the classical and Keynesian model? Draw a diagram for each part to illustrate your result.
(a)Wealth rises.
(b)Money supply rises.
(c)The future marginal productivity of capital increases.
(d)Expected inflation declines.
(e)Future income declines
In: Economics
Discuss different types of externalities by providing examples and discuss why they can make market outcomes inefficient.
In: Economics
The US decided to spend it's way out of the recession and England decided to cut spending. Compare and contrast the two ways to deal with the recession: austerity or spending, reducing interest rates and QE.
In: Economics
4. As the chapter states, “Defining and targeting your audience is the best way to ensure a match between the company’s product or service and the consumer’s needs.” It only makes good sense that a market-oriented company would want to know as much as possible about its target audiences in order to serve them better. Today, technology has the capability to provide an increasing volume of data that allows audience profiling to become more targeted. Technology-driven audience profiling includes demographics, psychographics, multimedia preference, and characteristics studies in its analysis arsenal. From an ad agency or marketing organization perspective, the idea is simple: the more information you can supply to the creatives the better. OK, so what’s wrong with the picture we just presented to you? There are most likely many faults; however, chief among them are concerns about data collection methods and information security. In other words, there is worry about privacy rights. To investigate this ethical issue, conduct research on the privacy rights of consumers. Specifically, examine privacy rights on the Web and company statements about how consumer information is used. Summarize your findings. Once this is done, summarize your thoughts on how researchers seeking audience profiles can honor consumers’ privacy rights and still conduct meaningful research.
In: Economics
do you think the way classical economics models individual decision making (through utility maximization) is flawed and should be altered? If so, how?
In: Economics
Based on the Incorporation Doctrine, formulate a focus question that offers either a broad or specific analysis of the Incorporation Doctrine.
Once you have constructed your question, you should submit a short analysis based answer.
You will construct the question and then offer an answer. 300 words minimum please.
In: Economics