Suppose you were granted the next MLS expansion franchise and the right to locate the team anywhere in North America. Explain the factors you should consider in choosing a profit-maximizing location. What would be the costs and benefits of choosing a city that already has a team?
In: Economics
A friend of yours claims the following: ''Sustainable
development is an oxymoron. Sustainability
implies stability. Development implies change. The world has finite
resources, and economies
are growing. How could development and sustainability then not be
contradictory?'' Using
precise arguments and examples, explain to your friend why you
disagree.
In: Economics
Suppose Richard has the following utility function over leisure and consumption:
U(C, L) = C × (L − 56)
where C is units of consumption and L is hours of leisure consumption per week. Richard receives $100 in Welfare benefits per week. The price of a unit is equal to 1. There are 168 hours in a week.
(a) Richard receives $100 in Welfare benefits per week. The price of a unit of consumption is equal to $1 per unit of consumption. Determine if the following statement is either True or False and provide supporting evidence. A wage of $.90 per hour is sufficient to induce Richard to supply a non-zero quantity of labor per week.
(b) Suppose the wage is $10 per hour. Determine the optimal bundle of consumption and leisure as well as the number of hours worked.
In: Economics
In at least 200+ respond to the following (please include any references used)
Describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. Which should take longer to reach the long-run equilibrium? Why?
In: Economics
Discuss and debate how the historical development of the country affected contemporary French politics and the development of the French government.
In: Economics
If the price elasticity of demand is 1.5 we:
A. know it is a normal good.
B. know it is a luxury good.
C. know it is an inferior good.
D. do not know if the good is inferior or normal.
In: Economics
You have to choose one of these industries
In: Economics
Critically Examine Immanuel Wallenstein’s World Systems Theory. (To what extent it contributed to understand and analyse contemporary global issues?)1500-2000words.
In: Economics
In at least 200+ respond to the following (please include any references used)
Take a look at the following information and answer the question below:
If long-run average costs are constant with respect to output, then you have constant returns to scale.
If long-run average costs rise with output, you have decreasing returns to scale or diseconomies of scale.
If long-run average costs fall with output, you have increasing returns to scale or economies of scale. Every company is trying to reach economies of scale. However, it is not always possible. What are some of the things that could keep a company from reaching economies of scale? Why?
In: Economics
What is rent-seeking? What are some of the effects of rent-seeking on an economy? Is rent- seeking thought to be efficiency increasing or reducing?
In: Economics
What is the effect on the public sector during a boom period? (surpluses increase/decrease? Deficits increase/decrease?)
In: Economics
1. An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will be kept for 10 years before being sold. The estimated salvage value (SV) for depreciation purposes is to be $25,000. Use this information to solve the following questions:
a) Using the straight-line (SL) method, the annual depreciation on the equipment is _________________.
b) Using the double declining balance (DDB) method, the depreciation charge in year 3 is ______________.
c) Using the SL method, the book value (BV) at the end of the depreciable life is ____________________.
d) If SL depreciation is used and the equipment is sold for $35,000 at the end of the 10 years, the taxable gain (capital gain) on the disposal of the equipment is _________________.
e) If a MACRS depreciation schedule is used (based on a 5-year property class*) and the equipment is sold for $35,000 at the end of the 10 years, the taxable gain (capital gain) on the disposal of the equipment likely to be _________________. (Percentages: 20.00, 32.00, 19.20, 11.52, 11.52, 5.76)
Please answer without using excel or a graphic calculator. Thanks!
In: Economics
Your consulting company is now working with another company that would like to expand its business into other countries. You have been asked to provide a comparison of the different economic systems and how the company would need to operate in each country.
Select two countries and write a 525- to 700-word paper in which you:
In: Economics
Write a problem. In this exercise, I would like you to think of a statistical analysis you would like to do ( preferably at your work). That is, you will like to compare population means or do a hypothesis testing. Please write carefully the problem. Make sure you justify all your assumptions. Propose a method of solving the problem. Be as precise as possible.
In: Economics
Starting from a position of trade-balance deficit, satisfaction of the Marshall-Lerner condition is sufficient to improve the trade balance measured in foreign exchange but not to improve the real trade balance. Explain why. In your answer explain the intuition behind the Marshall-Lerner condition.
In: Economics