Robert has been asked by friends to join them at a protest rally against the World Trade Organization (WTO). Because he is taking International Business, he wants to use the facts he is learning to help make a decision. Three topics that especially concern Robert are poverty, human rights, and the environment. For each of these topies, prepare at least one argument for each side, that is, one pro and one con. In conclusion, give your own view of whether Robert should participate.
In: Economics
Country A has 100b$ trade deficit against Country B, and Country B has 200b$ trade surplus against Country C, and Country C has 150b$ trade surplus against Country A. Moreover, assume that Country B has a balanced trade with other countries (countries other than A and C), but Country A has 100b$ trade surplus against other countries (countries other than B and C) and Country C has 100b$ trade deficit against other countries (countries other than A and B). Then, Country B closed its border permanently due to the outbreak of corona virus and thus excluded from world financial and trade markets permanently. What happens to real world interest rate? How does this affect the real exchange rate and nominal exchange rate between Country A and Country C in long run? Assume that Country B is sufficiently large so it has a significant effect on world savings and investments, and further assume that the virus only affects Country B. Explain in detail by showing the changes in the relevant markets.
In: Economics
##################Raffi Balin's coffee importing company employs 120 people. Each week, the staff meet for breakfast, and discuss possible improvements. Each employee is encouraged to share, and is rewarded for good ideas. For example, one of the coffee roasters suggested that the firm import tea as well, because new health and lifestyle concerns are causing many consumers to reduce coffee consumption in favour of tea. A tea division was formed, and became successful (after a few false starts that helped everyone learn). The coffee roaster was put in charge of the new division and, as a result, saw her annual salary triple. Is Raffi's business an innovative organization? Explain?
In: Economics
A fast-food restaurant has identified three primary groups willing to purchase its meals. However, customers are willing to purchase only one meal each. The table shows the total number of meals bought at three different prices. The number of consumers is the total number of buyers at each price level.
Group | Number of consumers | Willingness to pay |
---|---|---|
High | 350 | $5 |
Medium | 500 | $4 |
Low | 750 | $2 |
The restaurant can produce a meal with no fixed costs and a
constant marginal cost of $1 per unit.
1st attempt
Part 1 (2 points)
If the restaurant charges only one price for the meal, it will charge $--- and receive a profit of $ -----.
Part 2 (2 points)
Assume the firm can distinguish between customers and has the ability to charge different customers different prices. If the restaurant can perfectly price-discriminate, the highest price it will charge is $ ----- . The total profits under perfect price discrimination are $ ----- .
Part 3 (2 points)
Assume the firm can distinguish between customers and has the ability to charge different customers different prices. If the restaurant charges two prices, it will charge $-----and $-------.
and receive a profit of $-------.
In: Economics
Using online shopping as an example to explain (eg Zalora, eBay)
A) A thorough, insightful description on different marketing
communications tools
applied in its industry.
B) An integrative approach in formulating its marketing
campaign
C) A conclusion of explaining how successful the IMC strategy
is.
(1500 Words)
In: Economics
Do nothing |
A |
B |
|
Capital investment |
$0 |
$100 |
$130 |
Annual revenues |
$0 |
$150 |
$130.78 |
Annual costs |
$0 |
$123.62 |
$92 |
In: Economics
Q5. A monopolist has the cost function C(Q) = m*Q +k*Q2 where m and k are parameters. It faces two types of consumers, A and B, with the following demand curves for its product: PA =60–3*QA PB =80–2*QB For (a)—(c) below, assume Assume m=30 and k=0.
(a) [4] What price will the monopolist charge under uniform pricing?
(b) [4] What prices will the monopolist charge if it can price discriminate?
(c) [4] How much higher is the monopolist’s profit in (b) than in (a)? Now, for part (d), assume m=30 and k=3.
(d) [10] What prices and quantities will the monopolist choose under price discrimination, and under uniform pricing?
In: Economics
If corporate downsizing and lack of job security cause consumers to spend less and save more, what will be the impact on the exchange rate and trade balance?
a. Use the basic version of the long-run model of a small open economy to illustrate graphically the impact of this decline in consumer confidence on the exchange rate and the trade balance. Assume the country starts from a position of trade balance, i.e., exports equal imports. Be sure to label:
i. the axes
ii. the curves
iii. the initial equilibrium values
iv. the direction the curves shift
v. the new long-run equilibrium values.
b. Based on your graphical analysis, explain the predicted impact of a decline in consumer confidence on the exchange rate and the domestic economy's trade balance.
In: Economics
Q4. There are four consumers A, B, C and D who can potentially buy three goods—1, 2, and 3. All three goods are made by a monopolist who incurs a production cost of $40, $40 and $80, respectively, for these goods. Consumers’ reservation prices for these goods are as shown in the following table:
1 2 3
A 150 90 60
B 90 90 90
C 60 80 100
D 80 60 120
(a) [3] What are the optimal prices under a la carte
pricing?
(b) [2] What is the optimal price under pure bundling?
(c) [8] What are the optimal prices under mixed bundling?
(d) [6] Calculate Total Consumer Surplus in each of (a), (b) and
(c)
(e) [6] Between (a), (b) and (c) which creates the highest total
surplus?
In: Economics
In: Economics
In: Economics
when it comes to crime and privacy protection in the workplace do private employees have a reasonable expectation of privacy? what about public employees?why or why not? what is the test for tort of invasion of privacy? if managements interest is to make sure its employees are productive can management monitor computers workstations phones et cetera? why or why not?
In: Economics
7. What were the purposes and strategies of President Johnson’s Great Society and War on Poverty programs?
8. How did the Vietnam War transform American politics and culture? How did the war cause controversy at home and abroad?
In: Economics
The marginal damage function for carbon monoxide pollution in two regions is given by MDR = 5ER and MDU = 10EU MDR = marginal damage in rural region, ER is the emission in the rural region MDU = marginal damage in urban region, EU is the emission in the urban region The marginal abatement cost in rural region is MACR = 600 – 5ER The marginal abatement cost n urban region is MACU = 600 – 5EU
(i) Calculate the socially efficient level of emission and the MAC at the socially efficient in each region.
(ii) Suppose the regulatory authority imposes a uniform standard at the emission level mid-way between the two socially efficient emission levels (i.e. ½(ER+EU) you calculated in (i) above. Calculate the excess damages from under-control of damages in the urban region and over-control of damages in the rural region. (Hint: first calculate the MAC and MDR and MDU at the mid-way level and then compute the change in total damages in each region relative to the socially efficient levels obtained in (i) above).
In: Economics
You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. The energy-efficient model sells for $6,000 and will save you $200 at the end of each of the next five years in electricity costs. The standard model has features similar to the energy-efficient model but provides no future saving in electricity costs. It is prices at $5,000. Assuming your opportunity cost of funds, i..e. the interest rate, is 6 percent, which refrigerator should you purchase? Provide a detailed and concrete reason for your answer.
In: Economics