European Organisations

What was the legal uncertainty with regard to legal personality of the European Union?

What are the pros and cons of developing countries' economic policies on free trade and openness during the process of "catch-up"?

QUESTION 19

1. Let X and Y be consumption goods and let K be a capital good, and assume that these are the only three goods produced in the economy. True or false: To produce today more X requires that less Y or K today be produced, but to produce more K today does not require that less X or less Y be produced.

   	A.	True
   	B.	False
   	C.	DO NOT CHOOSE THIS ANSWER.
   	D.	DO NOT CHOOSE THIS ANSWER.

1 points   

QUESTION 20

1. Which of the following circumstances is most likely to decrease the elasticity of demand for Cory’s Checker Taxicab Service in New York City?

   	A.	New Yorkers' incomes fall.
   	B.	The number of Uber and Lyft drivers in Manhattan increases.
   	C.	A sudden and unexpected heavy rainfall starts in New York City.
   	D.	New Yorkers come to get greater enjoyment from driving their own cars and motorcycles to their destinations within New York City. QUESTION 17 Which of the following is best explained by the fact that people make decisions at the margin? A. If Molly has a comparative advantage over Jacob at producing bananas, then Jacob has a comparative advantage over Molly at producing fish. B. A mother who would, if she had to, sacrifice her life to save that of her child will not donate a kidney to a stranger. C. Each individual has preferences that are transitive. D. Rachel, who is seated in a park on a beautiful day in Fairfax, refuses to buy a bottle of fresh air from Ricky, who - having realized that everyone in constant need of air - has decided to try to earn his fortune by selling bottles of this necessary commodity.

1) Does social media truly represent who we are or is all just one big marketing experiment? Do the positives outweigh the negatives or vice versa?

Look up the definitions of these types of unemployment. Use two sources. Evaluate each type and determine how it impacts the worker and how it impacts the economy.'Types of Unemployment; *Frictional Unemployment *Structural Unemployment *Cyclical Unemployment

Graphic Tees is a design company that sells custom printed t-shirts. The firm sells printed t-shirts under a block pricing scheme that charges $16 per t-shirt if the customer buys up to 10 t-shirts and $13 if they buy 11 to 20 t-shirts. The demand curve is Q = 1200 - 50P, and the marginal cost of a t-shirt is $7. What are the profits for Graphic Tees under this block pricing scheme?

Tailoring experts Frieda Oglesby, Rena Fitts, and Will Bertrand decide to go into business together. Their business, FitzWellby, is a business that provides in-home measuring and fittings and even on-site stitching to busy executives who don't have time to take their clothing to tailor shops.

Since all three have the same skills, they plan to share the profits of the business equally. At first, Oglesby believes that their business is unlikely to be sued for any reason—after all, they're just providing in-home services. Fitts points out that one of the three could accidentally damage a client's personal property or, more likely, an expensive piece of clothing. Oglesby is quickly convinced.

Which type of partnership would be right for FitzWellby: general, limited, limited liability, or joint venture? Explain your response

Industry Level Analysis/ Porters Five Forces of Etsy

Kate has a monthly income of $500. She spends her income on cell phone calls (measured in minutes on the horizontal axis) and other goods (measured in units on the vertical axis). The price of a unit of other goods is P_Y=1. Kate’s mobile phone company offers her the choice of two cell phone plans:

      Plan A: Pay a $40 monthly fee and make calls for $0.20 per minute.

            Plan B: Pay no monthly fee and make calls for $0.40 per minute.

27. Suppose Kate has a utility function of the form U=min(0.1X,Y). Kate’s utility at her utility maximizing bundle is ______166.67_______ utils.

28. Suppose instead that Kate has well-behaved preferences and is currently buying minutes under Plan A. Now suppose that Plan B becomes available, and by coincidence her budget lines under Plan A and Plan B happen to intersect at the number of minutes she is currently buying under Plan A. Kate will be (better off, worse off, just as well off) _____________ buying minutes under Plan B.

8. Meet Lobo. He is an alien bounty hunter and as such is a monopolistic competitor, given his brand of bounty hunting and has “requested” your help. He has a fixed cost of $5,000 and a constant marginal cost of $500 per job. If he faces a demand curve described by this equation: P = 1,000 – 10Q. (where P is the price he charges and Q is the number of jobs he takes)

a. At what price will Lobo break even and how many jobs will he have to take at that price?

b. Find Lobo's price and quantity where he maximizes profit

c. Calculate Lobo’s Monopoly profits from part b above

d. From your answers a through c above, convince Lobo that to make profit, he should not take on as many jobs as he can get his hands on. e. Suppose Lobo’s planet opens up and he is able to take jobs all over the galaxy, not just his planet, what would happen to Lobo’s price, number of jobs, and monopoly profits in the short run after opening up. (Assume that as the main man, Lobo charges different prices compared to all other bounty hunters and that before opening up, the bounty hunting market had reached its long run equilibrium without trade)

What are the core competencies of Cloudstaff and Datacom? What are their advantages over each other? Please give an example (comparison in the form of a table, and need to attach reference)

The production function for a firm in the business of calculator assembly is given by ? = 2√?. Where q denotes finished calculator output and l denotes hours of labor input. The firm is a price taker both for its output (which sells at P) and for workers (which can be hired at a wage rate of w per hour).

(a) What is the total cost function for this firm? [Hint: write total cost function as a function of output q and input price w.]

(b) What is the supply function for assembled calculators when the firm maximizes its profit? [The supply function is essentially the optimal output as a function of all prices].

(c) Using the results in (a) and (b), obtain the firm’s profit function. [Hint: Write the profit function as a function of P and w].

(i) How does an increase in output price affect the profit of the firm? Explain

  (ii) Is the profit function homogeneous of degree 0, 1, or 2? Explain

(d) What is the firm’s input demand function for labor? [Hint: write the input demand function as a function of P and w].

(i) How does an increase in the wage rate affect the demand for labor? Explain.

(ii) Is the input demand function homogeneous of degree 0, 1, or 2? Explain.

1) What explains the fall in inequality from 2002 to 2010 in Latin America? In your answer be sure to explain the reasons for the changes in returns to education.

2) Why did the Latin America experience with industrialization from Word War I until World War II lead Latin American Structuralists to believe that it was necessary to limit imported manufacturing into Latin America?

Consider two countries, Home and Foreign, trading two goods, Rice and Car. The Home country is endowed with abundant capital relative to labor and hence has comparative advantage to specialize in Cars; whereas the Foreign country is endowed with abundant labor and specializes in Rice. Once they start trading, the price of car decreases, and the price of rice increases in the Foreign country. How would the decrease in the price of car affect the income of each of the following factors under each trade model in the Foreign country?

a. Ricardo Trade model i. Real wage earned by labor

b. The Specific-factors trade model i. Rental rate of capital ii. Rental rate of land iii. Real wage earned by labor

c. The Heckscher- Ohlin (H.O.) Trade model i. Rental rate of capital ii. Real wage earned by labor

d. Is there a gain from trade for the foreign country under the H.O. Model? Explain (you may use a graph to illustrate your answer)

Need Answer ASAP please!!!! I pay for this app for this reason!