What downside of specialization and trade does the U.S.'s difficulty in obtaining face masks and ventilators illustrate? Explain.

The (inverse) demand for vitamin D dietary supplement is p = 85−2q and the cost function for any firm producing vitamin D is TC = (5q+F),where F is fixed cost.

(a) What is a marginal cost? How much of vitamin D would a monopolist produce? What price would it charge? How much profit would it earn?

(b) For which of the following values of F is a market for vitamin D a natural monopoly? F= $100, F= $200, F= $300, F= $400.

What do you think are the most serious threats to South Asia posed by global climate change? How are the countries reacting to/preparing for these changes? Research and explain your answer. 250-350 words

Why might inflation accelerate as the unemployment rate declines? Have you ever had difficulty finding a job? Why didn't you get one right away? What kind of unemployment did you experience?

Firms can choose to upgrade their technology in the following sense: by paying an additional fixed cost they can reduce their marginal cost of production. This can be represented as a choice between two different technologies l and h, where h features a higher fixed cost and a lower marginal cost than l. Why more firms choose to innovate using technology h after joining the trade union?

Do you guys believe climate and economy go against each other?

need a report 1000 words based on this question, please !!

OK, now say there are CRS in the production of a good, and market demand for that good falls ceteris paribus. What would happen to price?

What are some of the variables that would cause the market supply of a good to increase or decrease?

What are some of the variables that would cause the market demand for a good to increase or decrease?

Most actions have what's called an opportunity cost. The opportunity cost of action X is --39--

So say the going rate of return is 5%, and firm A has $20 million that it could use to start doing business in another part of the country. What is the opportunity cost of that action?

Explain the general relationship between "inflation", "interest rate", and "unemployment". 2-4 sentences, provide a graph showing the last 20 years of employment in New York state (Could use FRED).

In 2018, Congress overhauled the United States Tax code with The Tax Cut and Job ACT (TCJA). The TCJA lowered the tax bracket for everyone for 10 years. Significant changes to the tax code for individuals were lowered tax brackets and higher standard deductions. Hence, fewer individuals will have to itemize their returns.   However the Corporation and business tax cuts are permanent. Will the Corporate tax cuts increase wages and have positive impact on the economy? Also, will the individual tax cut become permanent in the future? Will the government take in more revenue due to a stronger economy even though it will be less per person?   

Suppose constant returns to scale in the production of a particular good, and free entry into the market for that good. Where would we expect the price of that good to end up?

What is an isoquant?

What is a production function?

Say there are DRS. If market supply falls ceteris paribus, what would happen to price?

Say there are DRS. If market demand falls ceteris paribus, what would happen to price?

The coronavirus pandemic shocked our economy fundamentally and it affects lives around us. Governor Cuomo talked about the shortage of facemasks in his daily briefs. Please provide some policy suggestions to Governor Cuomo on resolving this issue in the short run, USING the knowledge you learned in maronecon

Why is monopolistic competition inefficient in terms of social surplus? Does monopolistic competition provide any benefit to the economy?

The coronavirus pandemic shocked our economy fundamentally and it affects lives around us. Governor Cuomo talked about the shortage of facemasks in his daily briefs. Please provide some policy suggestions to Governor Cuomo on resolving this issue in the short run, USING the knowledge you learned in Econ 360 for your arguments (hint: do not wander into the domain of medical ethics).

International Business Quiz:

Question 6 – Describe the role of a company in terms of social responsibility and sustainability.

Question 7 – Based on the answer to question 6, define the role of regulations supporting social responsibility and sustainability.