Firms can choose to upgrade their technology in the following sense: by paying an additional fixed cost they can reduce their marginal cost of production. This can be represented as a choice between two different technologies l and h, where h features a higher fixed cost and a lower marginal cost than l. Why more firms choose to innovate using technology h after joining the trade union?
In: Economics
Do you guys believe climate and economy go against each other?
need a report 1000 words based on this question, please !!
In: Economics
In: Economics
OK, now say there are CRS in the production of a good, and market demand for that good falls ceteris paribus. What would happen to price?
What are some of the variables that would cause the market supply of a good to increase or decrease?
What are some of the variables that would cause the market demand for a good to increase or decrease?
Most actions have what's called an opportunity cost. The opportunity cost of action X is --39--
So say the going rate of return is 5%, and firm A has $20 million that it could use to start doing business in another part of the country. What is the opportunity cost of that action?
In: Economics
Explain the general relationship between "inflation", "interest rate", and "unemployment". 2-4 sentences, provide a graph showing the last 20 years of employment in New York state (Could use FRED).
In: Economics
In 2018, Congress overhauled the United States Tax code with The Tax Cut and Job ACT (TCJA). The TCJA lowered the tax bracket for everyone for 10 years. Significant changes to the tax code for individuals were lowered tax brackets and higher standard deductions. Hence, fewer individuals will have to itemize their returns. However the Corporation and business tax cuts are permanent. Will the Corporate tax cuts increase wages and have positive impact on the economy? Also, will the individual tax cut become permanent in the future? Will the government take in more revenue due to a stronger economy even though it will be less per person?
In: Economics
Suppose constant returns to scale in the production of a particular good, and free entry into the market for that good. Where would we expect the price of that good to end up?
What is an isoquant?
What is a production function?
Say there are DRS. If market supply falls ceteris paribus, what would happen to price?
Say there are DRS. If market demand falls ceteris paribus, what would happen to price?
In: Economics
The coronavirus pandemic shocked our economy fundamentally and it affects lives around us. Governor Cuomo talked about the shortage of facemasks in his daily briefs. Please provide some policy suggestions to Governor Cuomo on resolving this issue in the short run, USING the knowledge you learned in maronecon
In: Economics
Why is monopolistic competition inefficient in terms of social surplus? Does monopolistic competition provide any benefit to the economy?
In: Economics
The coronavirus pandemic shocked our economy fundamentally and it affects lives around us. Governor Cuomo talked about the shortage of facemasks in his daily briefs. Please provide some policy suggestions to Governor Cuomo on resolving this issue in the short run, USING the knowledge you learned in Econ 360 for your arguments (hint: do not wander into the domain of medical ethics).
In: Economics
International Business Quiz:
Question 6 – Describe the role of a company in terms of social responsibility and sustainability.
Question 7 – Based on the answer to question 6, define the role of regulations supporting social responsibility and sustainability.
In: Economics
list the raw materials used for soccer boots
In: Economics
What are those four most important factors determine supply of loanable funds? What are those four important factors determine the changes in the supply of loanable funds?
In: Economics
You decide to create a college fund for your 5-year-old child, with an interest rate of 6% compounded quarterly. Deposits will be made every month until the child is 18. First withdrawal will be at age 20. College expenses are estimated to be $30,000/year in today’s dollars for 4 years, starting at age 20. The inflation rate is 5%/year. Find the amount of monthly deposits in actual dollars.
In: Economics
In: Economics