1. Why do you think the scholarship on the long-run trends of capital’s share of income (”Alpha”) is so contentious, especially around the mid 20th century?

A symphony orchestra is preparing to stage a short concert series. The first program in the series consists of music by Berlioz and Tchaikovsky, while the second program comprises music by Bartok and Stravinsky. The potential audience for the series can be thought of as divided into four,equal-sized groups. Members of the first group, whose tastes tend to the romantic, would be willing to pay up to $40 for a ticket to the first concert and up to $20 for a ticket to the second concert.Members of the second group, whose tastes tend more to the neo-classical, have the opposite preference: they would pay up to $20 for a ticket to the first concert and up to $40 for a ticket to the second concert. Members of the third group, confirmed Tchaikovsky lovers, would pay as much as$45 for a ticket to the first concert, but only $5 for a ticket to the second concert. Finally, members of the fourth group, who pride themselves on their sophisticated taste, would pay as much as $45 for a ticket to the second concert, but only $5 for a ticket to the first concert. This information is summarized in Table 2

While answering these questions, please clearly state your assumptions (if any) and your justification for those assumptions.

1. What is the best price to charge for each concert if you are not offering a single ticket for the concert series?
2. What is the best price to charge for the concert series if you are not offering tickets for each concert separately?
3. Now suppose you offer a single ticket for the concert series in addition to offering tickets for each concert separately. What prices will you charge for the series and each concert?
4. Now consider the case titled "Multiproduct Pricing"? What is the best price to sell each product individually? Can the company do better by bundling?

List 6 aspect / characteristics of linear economy and circular economy and what is the difference between them

Today, April 1^st 2020, I put $1000 into the bank. Every month thereafter I added the same amount, plus $20 more than the month before (i.e. $1020, $1040, $1060, etc.) If the sign on the door of my bank says they pay 6% nominal yearly interest, how much will I be able to take out of the bank on January 1^st, 2023. Draw a cash-flow diagram.

1. When talking about loans, who supplies loans and who demands loans? How do you know that?

2. When working with the money market graph or loanable funds graph, which interest rate are we focused on?

3. When dealing with whether or not to invest in a new project, what will businesses look for with regard to the rate of return? When will they invest and when will they not invest?

4. What happens to the demand for loans when the interest rates are low?

5. What happens to the supply of loans when interest rates are high?

6. Draw a correctly labeled loanable funds graph below.

7. What shifts the demand for loanable funds?

8. What shifts the supply for loanable funds?

1. Assume that you work for a large manufacturing company that utilizes both capital (K) and Labor (L) in the production process. Explain how a tax on capital would affect your operations and how you would estimate the welfare effects on your company.
2. Many make the argument that although perfectly competitive markets achieve the highest level of social welfare, because markets are never perfectly competitive, society is worse off from using market-based systems.

2. Starting a new business is often the result of some particular event or condition within an individual's environment. List four events that could trigger a new business. Give an example of a real business that was triggered by one of the events you mentioned.   (300 words – 20 marks)

3. Define small businesses. Why does a small business act as a catalyst for social change? (200 words – 15 marks)

Compare two major foreign policy in the US initiatives in the interwar years (1920s and 1930s) with those that arose in the postwar years (WW2) (Late-1940s, 1950s, and 1960s). Please discuss at least two policy details from each era, and defend their importance

What Is Fiscal Policy? Full word page simple summary (Please no plagiarism)

Case Summary

Visa and MasterCard are the two largest providers in the market for general purpose credit card network products and services. Together, Visa and MasterCard account for 75% of the dollar volume of transactions, and account for 86% of the number of general purpose cards issued. American Express, Discover/Novus, and Diners Club are the significant competitors in the general purpose card market. Both Visa and MasterCard are joint ventures (associations) that are owned and operated by the member banks that issue cards and provide card acceptance services. The member banks have an interest in both Visa and MasterCard (known as duality) and have representatives serving on the board of directors or important committees of both Visa and MasterCard.

Since the member banks of Visa and MasterCard have a significant interest in both Visa and MasterCard, they have little incentive or desire to compete directly against one another. The member banks have refused efforts by MasterCard management to develop its brand through marketing campaigns. The banks felt that this action would hurt the Visa brand, which the banks have a stake in. They have also not supported new product development, unless the new development was available to both Visa and MasterCard. In addition to avoiding competition between brands, the member banks have prohibited its banks from issuing competing credit cards, such as American Express and Discover/Novus. They have also worked jointly to discourage merchant acceptance of competing cards and access to ATMs for cash advances.

Discussion Questions

1. What is the ownership structure of Visa and MasterCard? How is the management set up to reflect this?

2. Who are the competitors for Visa and MasterCard? What are the barriers to entry for new competition?

3. How does the dual ownership of Visa and MasterCard lessen competition between the two?

4. How have Visa and MasterCard worked to restrain its competitors from competing in the market?

5. What evidence is there that Visa and MasterCard would compete more aggressively without duality?

Using a graph, explain why a competitive market in which the price is lower than the market equilibrium is not Pareto efficient.

marks =

• Was Pareto Efficiency defined?
• Was the graph correct?
• Was the answer correct?
• Was the explanation detailed?

1. Describe the difference between intentional torts against persons and intentional torts against property. Include a minimum of three categories of both types of torts, and provide an example of each one in your own words.  

Countries policy suggestion about covid-19 : Policy suggestions (Fiscal policies, Monetary policies, Financial regulation policies, Social insurance policies, Industry policies, Trade policies)

according to what countries prefer

If you felt it was necessary to implement contractionary fiscal policy, would you choose to increase taxes or decrease government spending? Why?