A sequential game A local bee-keeper derives net revenue z(h) from choosing a level of production (number of hives) h given by z(h) = 4h − 2h 2 .

A nearby apple farmer also benefits from being next to the bee-keeper, because the bees help to polinate fruit trees. The value of the bees to the apple farmer is given by y(h) = 12h − 2h 2 .

(a) Show that the bee-keeper maximizes their net benefit by choosing h = 1, while the sum of benefits, y(h) + z(h), is maximized at h = 2.

(b) Suppose that the government has the power to impose a transfer from the farmer to the bee-keeper in amount t. The level of t is chosen after the bee-keeper decides on h. Additionally, the government wishes to maximize the sum of the logarithms of the payoffs of the the two parties, so that it solves max t ln(12h − 2h 2 − t) + ln(4h − 2h 2 + t).

i. Show that by choosing t taking h as given, the government optimally sets t = 4h.

ii. Show that this transfer scheme leads to the bee-keeper wishing to maximize z˜(h) = 8h − 2h 2 .

iii. What level of h will be chosen by the bee-keeper if they anticipate this payment? Show your reasoning.

(c) Would your answer to part (b)(iii) change if the government put less weight on the bee-keeper’s utility so that it solved, instead, max t ln(12h − 2h 2 − t) + 1 2 ln(4h − 2h 2 + t) ?

Justify your answer.

Distinguish between ‘fiscal’ and ‘monetary’. That is, what are fiscal activities and what are monetary activities? How are they separate things, and how are they interrelated? (Hint: The Federal Government does fiscal activity, while the Federal Reserve controls monetary activity.) The equation of exchange, MV = PQ, may be used to answer this question.

Please answer the following questions:

• Do you believe that companies have a moral duty to be socially responsible?
• If doing so comes at a cost to the company, is that really a best business practice?
• Where do you stand on the subject of social responsibility vs. company profit?

Let's assume that you are planning to open a new microbrewery in your city.

Conduct an environmental scan relevant to opening your microbrewery. What issues/problems/concerns do you need to be aware of for each of the following environmental forces?

• Social
• Economic
• Technological
• Competitive
• Regulatory

How did the economic crisis of 1857 contribute to class conflict? To

the outbreak of the Civil War?

Let's assume that Coca-Cola has interest in developing a new drink for the United States. Identify and describe one potential market segment who could be interested in this new drink. Identify your product strategy. Your product strategy will be specific to the market segment that you have identified.

Why is it important for an international firm to develop and maintain an effective accounting system? What accounting issues are faced by firms with subsidiaries in multiple countries? How can these problems be addressed?

What is the governments position and some pros and cons from the T-Mobile and Sprint Merger? Please include a source for the information.

1. Consider a monopolist facing linear demand P(Q) = 16 – Q.
   1. Find the monopolist’s profit-maximizing choice of price and quantity if the total cost function is C(Q) = 8Q.
   2. Find the monopolist’s profit-maximizing choice of price and quantity if instead C(Q) = 2Q². Note that this cost function yields exactly the same total cost as the original cost function C(Q) = 8Q for the monopolist’s optimal quantity in 2.1. Explain why the monopolist’s optimum quantity, however, is not the same in 2.1 and 2.2

3. Analyze Spain's economic system and how the government of Spain mak economic decision.

Apple is interested in learning how potential customers view its newest product rollout. To do this, it collected surveys gauging respondents' perceived likelihood of purchase (out of 100), along with their age and income levels. Using these data, describe using regression how the likelihopod of purchase relates to age and income.

Use the AS/AD model to explain how the Corona Virus is impacting the US Economy. In your answer, you should discuss the differences between a supply shock and a demand shock. Additionally, you should discuss how supply shocks can lead to demand shocks. You should incorporate a graph of the AS/AD model in your discussion and upload a picture of it.

Your answer should be approximately 250-300 words in length.

Identify a specific industry where there has been (or you predict there will be) a significant change with regard to the degree of competition in the market. In other words, identify an industry that has gone from a monopoly to a competitive market, or from competitive to oligopolistic, etc. There’s no one way for an industry to go, but basically, it either goes from little/no competition to more competition or the other way around.

1. Describe the industry and explain the general pattern of change by identifying the major factor(s) that have led (or you think will lead) to a change in the degree of competitiveness. Explain why and how this industry is evolving.
2. Discuss how this change is likely to impact business operations (e.g., impact on pricing, advertising, labor markets, etc).

On a weekly basis KleineFirma producing a product has overheads (i.e., fixed costs) of $12,000. The product additionally costs $15 per unit to produce and, because the firm is small, all output can be sold at a unit price of $22. (i) Calculate the break-even quantity. (ii) Calculate the new break-even quantity if the selling price falls to $20. (iii) Calculate the new break-even quantity if fixed costs change to $20,000. (iv) Calculate the new break-even quantity if variable costs change to $16. (v) Show (and hence confirm) your answers graphically. NOTE: in specific looking for the answer to v but would like to get confirmation on the other answers too