Explain Presence, the aspect of physical availability. If you would be a manufacturer of fast moving consumer goods, which distribution channels would you prioritise in your marketing mix strategy? MARKETING

What is meant by the term “petrodollar?” How does the petrodollar get circulated in the international financial markets? How does the circulation of the petrodollar contribute to Third World debt accumulation and economic performance?

Bill’s demand for hamburgers (a private good) is Q = 20 – 2P and Ted’s demand is Q =10 – P.a. Write down an equation for the social marginal benefit of the consumption of hamburgers. b. Now suppose that hamburgers are a public good. Write down an equation for thesocial marginal benefit of hamburger consumption.s

2.   a) What is the shape of the aggregate supply (AS) curve if:

(i)   Nominal wages and prices are flexible and competitively determined?
  
(ii)   Nominal wages are downwardly rigid?

b) What is the importance of the slope of the AS curve from the standpoint of
    stabilization policy?                                                                         

Components of the economic system and its importance in the business environment It argues about the components of the economic system and the importance of these in the business environment of a situation raised: Conflicts in the Middle East have resulted in increases in one of the most treasured resources, known worldwide as "black gold," or Be it, oil. This has marked in terms of globalization the way of doing business and the general behavior of the society in which we live today. One of the effects of greatest impact is gasoline, whose consumption is demanded by multiple sectors that play a leading role in the economy where we interact. Briefly argue about the following: What alternatives should society consider to deal with this situation? Explain your answer. Consider the effect of the cost of gasoline at the individual, business and government level.

Consider the following (assume that there are 2 workers in Mexico and 3 in the USA):

Bottles of tequila produced in one hour Mexico, 8 USA, 4

4 Pounds of rice produced in one hourMexico, 6 USA, 8

From the above table, select the correct answer:

A) The pre-trade relative price of tequila in the USA is 2 and in Mexico is 0.75 and therefore the USA has a comparative advantage in rice

B) The pre-trade relative price of rice in the USA is 0.5 and in Mexico is 1.33 and therefore Mexico has a comparative advantage in rice

C) The pre-trade relative price of tequila in Mexico is 0.75 and in the USA is 2 and therefore Mexico has a comparative advantage in rice

D) The pre-trade relative price of tequila in the USA is 0.75 and in Mexico is 2 and therefore USA has a comparative advantage in rice

The Federal Reserve decides to sell $50 million in government debt to households paying with checkable deposits. The current reserve requirement is 5%.

a. The Fed decision will lead to [more  fewer  the same ] reserves in the banking system and [ more  less  the same ] money in circulation.

b. The money supply will [increase  decrease  remain the same] by a maximum of [$  million.]

Outline the “true cost” of this food product. From the resources involved (energy, water, etc), production of the product, social implications of the production and use of product, what are the ingredients in bread and what are they derived from or where are they grown (in general). Also think about the distance the food and/or its components have to travel to get to your plate.   We pay a small portion of the true cost when we buy the food. This is in part because of subsidies in our agriculture system. How much you think the bread would cost if we had to pay the “true cost”.

The publisher Elsevier uses mixed-bundling pricing strategy. The publisher sells a university access to a bundle of 930 of its journals for $1.7million for one year. It also offers the journals separately at individual prices. Because Elsevier offers the journals online (with password access), universities can track how often their students and faculty access journals and then cancel those journals that they seldom read.
Suppose that a publisher offers a university only three journals – A, B and C – at the unbundled, individual annual subscription prices of pA = $1,600, pB = $800, and pC = $1,500. Suppose a university’s willingness to pay for each of the journals is vA = $2,000, vB = $1,100, and vC = $1,400.

a) If the publisher offers the journals only at the individual subscription prices, to which journals does the university subscribe?

b) Given these individual prices, what is the highest price that the university is willing to pay for the three journals bundled together?

c) Now suppose that the publisher offers the same deal to a second university with willingness to pay vA = $1,800, vB = $1,000, and vC = $2,100. With the two universities, calculate the revenue-maximizing individual bundle prices.

In the following situations graphically illustrate what happens to supply or demand for domestically produced new motor vehicles loans at lower interest rates.

1. Trade restrictions raise the price of foreign produced cars.
2. Banks are offering easier access to motor vehicles at lower interest rates.
3. Carpooling becomes more popular as an advertising campaign promoting environmental responsibility is released.
4. Income levels falls as many lose their jobs in the current recession.
5. Consumers expect prices of the new motor vehicle to rise in the future and at the same time a shortage of steel causes production costs to rise.
6. Driving classic (older model) motor vehicles becomes more popular.

Let someone have a utility function defined by u(x, y) = 5lnx + 4lny with an income of 100. Suppose the current price of the two goods are p1= 2 and p2=1.

a) What is their demand function for both goods? Note: This demand function is known as the Walarasian demand or Mashallian demand).

b) What can you say about the proportion of income spent on the two goods.

One of the most critical and hotly debated industries in the United States is healthcare. For this paper, you will examine the state of health care in the United States. As a starting point, you should read chapter 24 of the text and then after conducting your own research (3 additional sources minimum) write a 2-3 page paper that examines the following aspects of health care in the United States:

1. How much is spent on health care in the United States annually?

2. What is the basic structure of our system and how does it compare to other industrialized nations in terms of outcomes (be certain to identify what parameters you are using as a metric) and costs?

3. What are some unique challenges that health care presents from a consumer standpoint?

4. What have been some interventions by the government to make healthcare more accessible and affordable to the public and what have been the outcomes?

5. Do you think that the Singapore model could be replicated here? Why or why not?

Economists classify the goods as NORMAL or INFERIOR or LUXURY GOODS based on the ___

a. Income elasticity of demand

b. Own price elasticity of supply

c. Own price elasticity of demand

d. Cross price elasticity of demand