Questions
Is it a good idea to offer goods on the internet? In your response, provide summaries,...

Is it a good idea to offer goods on the internet?

In your response, provide summaries, NOT quotes, of material set out in the text to show that you have read the assigned chapters and can apply what you have read.

All that you need is in the text. Ideally, the text will be your only source. As you progress through the readings, your responses should incorporate information you have gathered from multiple sections of the text.

In: Economics

As we have been learning that a labor market is a market in which Households supply...

As we have been learning that a labor market is a market in which Households supply labor. People in the households allocate their time to work for pay or not to work (leisure time). The labor market supply curve slopes up because the number of people willing and able to work rises as the wage rate rises and because the number of hours that each person is willing and able to work rises as the wage rate rises, at least up to some high wage rate.

Please answer the following questions in the light of the material we have been learning in module 12. (50 points- 10 points each)

1. People immigrate primarily to seek a higher quality of living but the question is why immigrate illegally?
2. In less-developed countries, labor is less costly relative to machinery and equipment, so labor is substituted for what other inputs?
3. At a high enough wage rate, the person feels that he or she can afford to take more leisure time. Comment with examples
4. Cite an example, say, of a firm not hiring people older than age fifty-five. What kind of segregation it is and is it legal?
5. Discuss why computer science professors earn more than English professors, and what comparable worth would mean to each professor’s salary.

In: Economics

How did the Federal government’s attempt at reconstructing the South embitter Southerners and exacerbate racial tension?

How did the Federal government’s attempt at reconstructing the South embitter Southerners and exacerbate racial tension?

In: Economics

Assignment Details Please use your own experiences and the knowledge you have gained from this week’s...

Assignment Details

Please use your own experiences and the knowledge you have gained from this week’s readings to answer the following topics and questions. You may also use information that you find in the textbook, AIU’s library or the Internet to support your discussion. Make sure you use economic concepts in your main contribution.  

Think of items that you have purchased in a market:

  • Big ticket items like a house, or an apartment rental, or a car;
  • Or ordinary items in your weekly budget, like coffee, tea, gasoline, bread, Milk, etc.

    You can consider some of the following questions in your contribution.
  1. What price trends have you noticed over the last few years? Do the prices fluctuate? Have prices increased or decreased?
  2. How would you use what you have learned concerning Supply and Demand to explain these trends?
  3. Have there ever been any shortages or surpluses? How would you explain that?

In: Economics

In a few paragraphs - Discuss the difference between complicity and vicarious liability. Describe which crimes...

In a few paragraphs - Discuss the difference between complicity and vicarious liability. Describe which crimes might involve complicity and which crimes might involve Vicarious liability.

In: Economics

Financial ratios are essential to provide an accurate valuation of a firm. Select a publicly traded...

Financial ratios are essential to provide an accurate valuation of a firm. Select a publicly traded firm of your choice. Select one ratio each in the areas of (a) performance, (b) activity, (c) financing, and (d) liquidity warnings. Provide an evaluation of the selected firm's strengths and weaknesses. Based on the ratios you selected, how well does your chosen firm perform? Explain.

In: Economics

You are a worker at a local McDonald Restaurant! How many hours you are willing to...

You are a worker at a local McDonald Restaurant! How many hours you are willing to work at a local McDonald’s at various wage rates? Provide the answer with reasoning!

Wage Differentials

If all workers were identical, if all jobs were identical, and if all information were perfect, there would be no wage differentials—all workers would earn the same wage.
The reasons for wage differences include compensating wage differentials and differences in individual productivity.

In: Economics

1- Define and give examples of compensating wage differentials. 2- What is the impact of a...

1- Define and give examples of compensating wage differentials.

2- What is the impact of a minimum wage law on unskilled labor? Give examples

In: Economics

Suppose the banks in an economy have a reserve-deposit ratio of 10 percent and the currency...

Suppose the banks in an economy have a reserve-deposit ratio of 10 percent and the currency deposit ratio is 20 percent.

a. If the Central Bank increases the monetary base by $400 million through open market operations, what will be the increase in the money supply?

b. If the Central Bank decreases the discount rate and firms react by decreasing the reserve deposit ratio to 5 percent, what is the change in the multiplier? Will this change increase or decrease the money supply?

c. There is a rumour circulating that bank accounts are being hacked so many persons withdraw their deposits from the bank. What impact does this have on the money multiplier, high-powered money, and the money supply?

In: Economics

Given our inability to accurately “do the math” when we are making decisions about a future...

Given our inability to accurately “do the math” when we are making decisions about a future events with an uncertain outcome, please describe how people {like you and me} usually make those decisions? What implications may this “reality” have for the way financial markets actually function?

In: Economics

An economy is initially in equilibrium at the natural level. The central bank increases the money...

An economy is initially in equilibrium at the natural level. The central bank increases the money supply. Graphically illustrate and explain short-run monetary nonneutrality and long-run monetary neutrality using the AD–AS model.

In: Economics

Provide a thorough comparison of the “cost-controlling” health insurance plans. Clearly identify the advantages and disadvantages...

Provide a thorough comparison of the “cost-controlling” health insurance plans. Clearly identify the advantages and disadvantages of each system for patients and health care providers.

In: Economics

A town has two pie stores, Anna and Beatrice. It costs each store $11 to produce...

A town has two pie stores, Anna and Beatrice. It costs each store $11 to produce a pie. Let P1 denote Anna's price and P2 denote Beatrice's price per pie. Let Q1 and Q2 denote the demand for each store's pies per day. The store's demands are given by:
Q1 = 100- 4P1 + 2P2
Q2 = 100- 4P2 + 2P1
Assuming stores compete in price
1)Write the profit function for Anna’s in terms of each store's strategies.
Write the profit function for Beatrices in terms of each store's strategies.
2)Find the best response functions of each store.
3)Find the Nash Equilibrium of the game assuming firms choose prices simultaneously.

In: Economics

Product strategy Of JAGUAR F-PACE in marketing

Product strategy Of JAGUAR F-PACE in marketing

In: Economics

A. The Table 1 below provides data for the Big Cat Rescue Company. The price of...

  1. A. The Table 1 below provides data for the Big Cat Rescue Company. The price of entrance is $60 and Q refers to the number of visitors who can visit the Big Cat Reserve. Calculate TR= Total Revenue, π=profit, MC= Marginal Cost and MR=Marginal revenue and fill in the blanks of the table.

B. Also, calculate TR, MR and π=profit when the entrance price falls to $50.

Table 1

Q

Price

TR when Price=60

TC

Profit

π

MC

MR when Price=60

TR when P=$50

MR P=$50

Π

P=$50

0

60

100

1

60

150

2

60

178

3

60

198

4

60

212

5

60

230

6

60

250

7

60

272

8

60

310

9

60

355

10

60

410

C. As you look over the completed table, what level of Q maximizes profit when price=$60 and when price=$50?

In: Economics