1. Explain the phrase ”The Bourgeoisie digs its own grave”. What does that mean in the context of growth and capital income shares?

This week research will be easy because the fast-food industry is one that is probably familiar. Have fun discussing this topic. Choose a company in the online product sales industry or an international chain in the fast-food industry. Describe the nature of the company’s international operations, its motivations, its entry strategies, the kinds of implementation problems the firm has run into, and how those problems have been dealt with.

When responding to your classmates, consider what kind of constructive feedback you would provide for a co-worker in the situation described.

.Find some recent projections for the future path of the U.S. government debt as a percentage of GDP. What assumptions are made about government spending, taxes, and economic growth? Do you think these assumptions are reasonable? If the United States experiences a productivity slowdown, how will reality differ from this projection?

1. Explain the phrase ”The Bourgeoisie digs its own grave”. What does that mean in the context of growth and capital income shares?

1. Explain how a stable, constant Alpha (capital share of national income) supports the idea that growth benefits everyone.

Do you believe the Federal Government's health policies and economic policies have been effective to date in dealing with the Covid-19 Pandemic?

Consider two economies: A and B. Both have identical parameters a =1/3,s =.2, L =30, and A =1. However, Economy A has depreciation rate d = 0.03 while Economy B has d = 0.10. Both economies start with K₀ = 10.

1. Which economy is richer in year 0 (calculate GDP per capita for each country).
2. Which economy has higher consumption per person in year 0 (calculate C per capita).
3. After 50 years, which economy is richer in year 0 (calculate GDP per capita for each country).
4. After 250 years, which economy is richer in year 0 (calculate GDP per capita for each country).
5. In light of your findings, does it matter – in the long run – how quickly the capital stock depreciates in an economy.

Analyze the concepts of accounting profit and economic profit. How are they different, and why are there two different concepts? Why do economists focus on the “economic profit” concept? Specifically, what does a focus on economic profit tell us about decision making and when changes in behavior (or undertaking projects) occur?

1. Suppose a firm has the total cost function T C = 3/8Q^2 + 400 (a) Is this firm in the short run or long run?

(b) Suppose this firm is facing a perfectly competitive market where the price is P = 24. What is the firm’s marginal revenue?

(c) Write the firm’s profit function and solve for the profit-maximizing quantity of production Q∗ . (3 points) (d) How much profit does the firm make at the profit-maximizing level of output? (1 point) (e) Write an equation for the firm’s short run average variable costs (AV C). (1 point) (f) Write the condition for whether a firm should continue to operate or shut down. Should this firm shut down? If not, when should it shut down? (2 points)

2. Suppose a firm faces an inverse demand curve P = 6 − 1/2Q and has a total cost function T C = 1/4Q^2 − Q. (a) Is this firm a price-taker or does it have market power? Explain. (2 points) (b) Write an equation for the firm’s profit function. (1 point) (c) Solve for the firm’s profit-maximizing level of output, Q∗ . (2 points) (d) What price does the firm sell its product at? (1 point)

Is it a good idea to offer goods on the internet?

In your response, provide summaries, NOT quotes, of material set out in the text to show that you have read the assigned chapters and can apply what you have read.

All that you need is in the text. Ideally, the text will be your only source. As you progress through the readings, your responses should incorporate information you have gathered from multiple sections of the text.

How did the Federal government’s attempt at reconstructing the South embitter Southerners and exacerbate racial tension?

Assignment Details

Please use your own experiences and the knowledge you have gained from this week’s readings to answer the following topics and questions. You may also use information that you find in the textbook, AIU’s library or the Internet to support your discussion. Make sure you use economic concepts in your main contribution.  

Think of items that you have purchased in a market:

• Big ticket items like a house, or an apartment rental, or a car;
• Or ordinary items in your weekly budget, like coffee, tea, gasoline, bread, Milk, etc.
  
  You can consider some of the following questions in your contribution.

1. What price trends have you noticed over the last few years? Do the prices fluctuate? Have prices increased or decreased?
2. How would you use what you have learned concerning Supply and Demand to explain these trends?
3. Have there ever been any shortages or surpluses? How would you explain that?

In a few paragraphs - Discuss the difference between complicity and vicarious liability. Describe which crimes might involve complicity and which crimes might involve Vicarious liability.