The following two schedules show the amounts of additional satisfaction (marginal utility) that a consumer would get from successive quantities of products A and B.

Instructions: Enter your answers as whole numbers.

3. A Firm has the following production function: y = L^1/3K^1/2

(a) Does this production function exhibit increasing, decreasing, or constant returns to scale? Prove. 


(b) Suppose in the short run, capital is fixed at K = 100. Assuming that the output and factor prices are p, w, and r respectively, Find firms factor demand for labor. What will the effects be when W, R, and p increase? Explain your results intuitively. 


(c) Now, suppose the government decides to impose a payroll tax of $t per worker employed. What will the effect be on L ? Why?

(d) Alternatively, if the government decides to impose a lum-sum tax of $T, what will the effect be on L ? Why?

How is corona virus affecting American economy?

What influences does public health have on the U.S. health care system? Provide both positive and negative examples.

Suppose there are 3 bonds with the following characteristics. There is a 1-year Treasury bond with a face value of $1000, a 8% coupon rate, and the yield to maturity is 8%. There is a 2-year treasury bond with a face value of $1000, a 15% coupon rate, and the yield to maturity is 8%. There is also a 3-year treasury bond with $1000 face value, a 5% coupon rate, and the yield to maturity is 8%.

a) Based on expectations theory, what is the expected 1-year interest rate next year and what is the expected 1-year interest rate 2-years from now?

b) What is the shape of the yield curve right based on these bonds?

c) What does expectations theory predict should happen to short-term and long-term interest rates based on the information from these bonds?

d) Briefly explain, does your answers from part a) fit with the answer to part c)?

1. As a matter of law, what is an “investment security”?

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Question 2 (5 points)

2. If your firm only occasionally issues securities for purchase by the public, the 1933 Securities Act does not require registration with the Securities and Exchange Commission and disclosure of material financial information.

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Question 3 (5 points)

3. “Shelf registration” under the 1933 Act:

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Question 4 (5 points)

4. Most municipal bond issuance is required to be registered with the SEC.

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Question 5 (5 points)

5. The antifraud provisions of the 1934 Act (Securities Exchange Act of 1934)(Rule 10b-5):

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Question 6 (5 points)

6. Persons who may violate Rule 10b-5 include:

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Question 7 (5 points)

7. The punishment for violations of Rule 10b-5 (up to ten years of federal imprisonment and up to a $1 million fine) is among the harshest in the federal criminal code (18 U.S.C.) for nonviolent felonies that do not involve the sale of illegal drugs.

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Question 8 (5 points)

8. In a trademark infringement case, a court presumably would give great weight to the facts that the first manufacturer had registered his trademark and that a subsequent competitor manufactured products in the same style and color and using an emblem with the same shape as the emblem on the first manufacturer’s products.

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Question 9 (5 points)

9. How long does standard copyright protection under federal law last now?

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Question 10 (5 points)

10. What is the life of a design patent registered with the U.S. Patent and Trademark Office? Assume that a design patent is the diagram of a machine that accomplishes a task. For machines, scale models have to be submitted, also.

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Critical Thinking 1: The diamond-water paradox In “An Inquiry into the Nature and Causes of the Wealth of Nations” published in 1776, Adam Smith wrote: “Nothing is more useful than water: but it will purchase scarcely anything… A diamond, on the contrary, has scarcely any use-value; but a very great quantity of other goods may frequently be had in exchange for it”

Explain the diamond-water paradox and find out in the literature how economists have later solved this paradox.

W.T. Inc, is a manufacturer organized in Country K. It is revamping it's management systems and is converting to a cloud based system that is being developed by C.B. corp, a company that is organized in country L. C.B.'s server farms are located in Country M. W.T. seeks to terminate the agreement asserting that the system's design is defective and wants a full refund. C.B. refuses to return the payment. It counters that the defects are minor and easily corrected at the server level. CB also offers to mitigate any economic damages that WT may incur because of the slight delay. It WT litigates, consider issues of jurisdiction and which country's laws would likely govern. Assuming that the agreement provides for Arbitration or that the parties agree to arbitration, discuss the advantages of ADR including the effect on jurisdictional issues and questions of law.

This is a written assignment. It is general in its context. There is no right or wrong response here. Your analysis in support of your opinion is what I am interested in. Feel free to pull from personal knowledge or use outside sources, but be sure to provide proper citation. Paper should be double spaced, at least 2 pages but please do not exceed 5 pages.

1,if the Fed wants interest rates to fall they will buy U.S. government buy T/F

2,consider the cash people carry in their wallets. this cash is part of the M1 money supply but not part of the M2 money supply T/F

3.consider the T-ccount for Bank 1 when customer deposit funds into their checking accounts, there is an increase in Bank1's assets and a decrease in its liabilities. T/F

4.if banks decide to hold a larger % of deposit on reserve then the money multiplier will increase T/F

5.All else the same, it banks choose to hold fewer excess reserves the money supply will fall T/F

6.when the Fed sells U.S government bonds, it has conducted open market sales and the money supply can be expected to rise T/F

7.If the Fed wants to increase the money supply they will buy U.S government bonds. T/F

8.All interest rate in the economy are set by Federal reserve T/F

Explain what ability bias is and how it affects your regression estimates of the rate of return to schooling

Suppose that a consumer earns wage income of $450 per week, and 52 weeks per year

a. Construct a yearly income-leisure constraint.

b. If the consumer chooses 20 weeks for work, graphically explain this choice of work and leisure

behavior.

c. The government considers to offer an income supplement program of $200 per week, or the

maximum of $10400 per year for this consumer. If the government wants to avoid detracting

from this consumer’s current motivation to work, what policy option (payment method)

should the government choose? Graphically explain it.

1. Best Electric whishes to construct a new coal-fired plant in the southwest corner of Michigan. Best plans to use the best available technology for the scrubbers on the plant to reduce emissions. Should Best be able to obtain a permit from the EPA to build and operate the proposed new electric plant? Please briefly discuss the issues Best faces for the proposed plant.