An industrial sewing machine costs $5,641 and is expected to have a scrap value of $3,792 whenever it is retired. Operating and Maintenance costs are $1,038 for the first year and expected to increase by $2,612 thereafter. If the MARR is 11%, determine the minimum equivalent uniform annual cost associated with the optimal economic life of the machine. The service life of this machine is 5 years.

What are the factors that affect the effectiveness of monetary and fiscal policy?

1. Suppose the Bank of Canada made an announcement that it would purchase up to $500 billion of long term Canada bonds over the following six month. What effect might this policy has on the yield curve? Explain in detail.

2. During the current economic crisis caused by the Coronavirus, what would you expect the yiedd curve to look like? Upward sloping, flat, or inverted.Explain in detail.

There are 750,000 residents in a city. Based on a government poll, they fall within three groups regarding their willingness to pay for the construction of a park.

- 200,000 of the residents are not willing to pay for the park at all,

- 250,000 residents are willing to pay $12,

- 300,000 are willing to pay $100.

The cost of the park will be $15 million. Should it be built? Why or why not?

Would this answer change if the only way to pay for it is to divide the cost equally across each of the 750,000 residents? Why or why not?

You are asked to plan a budget of University of Connecticut for the next year. The two major expenses involve computers, x1 and classroom furniture, x2. The university utility function is given byU(x1, x2)=ln x1 + 2ln x2

a) Find optimal "consumption" of computers and furniture if P1=2 and P2=4 and the available funds are m= 60.

b) Is computer an ordinary or a Giffen good ? Determin whether computer is a gross complement,gross substitute or neither, for classroom furniture. (Explain these questions using partial derivatives)

c) Please draw the price offer curve for x2 given p1=4 and m = 60.

Acemoglu and Robinson, in their book entitled, “Why Nations Fail,” categorize institutions into two types: those that are ‘inclusive’ and those that are ‘extractive’

1. What are the major characteristics of these two types of institutions?
2. Why are institutions important for long run economic development?
3. Why are institutions ‘persistent’?
4. Is economic growth possible under extractive institutions?

Question 11 pts

In a Pareto efficient allocation,

Group of answer choices

there are gains from trade still not captured in the economy.

there is no way to make any person better off without making someone else worse off

Some people can be made better off without making others worse off, but there is no way to make most people better off without making some others worse off.

Total utility in society is maximized.

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Question 21 pts

The result that a perfectly competitive price system brings about an efficient allocation of resources is known as:

Group of answer choices

The First Theorem of Welfare Economics.

The Second Theorem of Welfare Economics

Gresham's Law.

The Principle of Market Failure.

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Question 31 pts

All of the following are considered to produce inefficiency in markets EXCEPT:

Group of answer choices

Public Goods

Externalities

Imperfect Competition

All of the above result in market failure.

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Question 41 pts

A model in which all markets in the economy clear simultaneously is a ___________ equilibrium model.

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Question 51 pts

A model which examines how one market in the economy clears is a _____________ equilibrium model.

Where does wealth and the marginal propensity to consume out of wealth fit into the equilibrium national income equation?

What is the deadweight loss in the monopolist market?

Do both buyers and sellers lose in the monopolist market compared to the competitive?

Explain.

We could refer to a situation in which a worker takes two jobs. Typically, the first job is full-time whereas the second one is part-time and often conducted at night or over the weekend. With the help of indifference curve diagrams, answer the following questions. (a) How can you use the labor supply model to explain why a worker would moonlight? (b) Let w1 and w2 be the wage rates of the first and second jobs, respectively. Can your model deal with all three possibilities: (i) w1 = w2 ,w1 < w2 , and w1 > w2 ? Explain.

Please, i need Unique answer, Use your own words (don't copy and paste). Please, don't use handwriting, Use your keyboard.

Q. 1. Provide an example of any two leading companies from the same industry, which are competing directly for market share. Give a short profile.

Q. 2. Suppose, if you are the manager of one of these companies, what pricing policy will you adopt to be in the first position? Why?

Q. 3. When the whole sector of the market is occupied by the little number of big corporations who share the leadership, what do we call this type of market structure? Explain in details the benefits for the leading company and disadvantage of such situation on final consumers.

Week 4 Question 1: "Classify the following control activities as preventive, detective or corrective and explain your reasoning,

(a) Employees have a password to gain access to the system.

(b) When sales are entered, the system retrieves customer details based on the customer number.

(c) A check is performed to identify if all cheques can be accounted for.

(d) Systems development is subject to sign-off by the CIO before it can take place.

(e) Virus definitions are updated daily.

(f) The sales manager must approve all discounts for items sold below their sticker price."

Question 2: "For each of the following risks suggest a control that could be used to reduce it."

(a) Entering negative values for order quantity in a sales order

(b) Selling to a customer with an overdue account

(c) Ordering from a non-existent supplier

(d) Paying for goods that have not been received

(e) Entering an alphanumeric customer ID when the business policy is for numeric customer IDs

(f) Misappropriation of goods by receiving staff, who also maintain inventory records

(g) Ordering too much of a product"

WEEK 4

Question 1 Could you kindly reconsider your reasoning if you have classified the control activities as either detective or corrective?

Question 2 a) Have you considered range restrictions?

b) Would a credit check help? Can a credit hold help address this risk?

c) Would this risk be minimised if the orders were generated from a supplier master list? Would you consider independent maintenance of a supplier master list to be useful?

d) What needs to be matched prior to payment authorisation? Still unsure? Would the matching of the purchase order, receiving report and invoice be sufficient?

e) Would you specify filed content as 'alphanumeric' or 'numeric'? (Hint: Please refer to the business policy)

f) Have you considered the likelihood of misappropriation of goods when duties are separated between personnel?

g) Have you thought about the reasonableness test? Would the approval of quantities to be ordered help minimize the risk? Can ordering policies be useful in this scenario?