List at least 4 ways the behaviors of airlines in the US have changed since the deregulation of the late 1970s. Who has gained by the deregulation of the airline industry? Who has lost? Explain your answer using economic concepts including monopoly power, competition, producers' surplus, consumers' surplus, deadweight loss, etc.

a) Plot the Lorenz curve for the income distribution:

(2,2,4,6,8,20,30,40,60,100)

Consider an income redistribution that takes 20% of income from each of the three richest individuals and distribute equally to individuals that have an income below the poverty line (9). Plot the Lorenz curve again to demonstrate that inequality has decreased.

What happened to the coefficient of variation between the two periods? What can you conclude about the change in inequality between periods from this?

Pretend you are a Shark Tank advisor. Two business partners have come to you for advice for a business they own and operate. This assignment requires you to create a one-page executive summary (not including backup tables of your analysis) of your advice for this business.

Topic/Question - Read the following scenario then address the recommendation/advice section of this assignment.

Tired of hiring themselves out and abiding by corporate rules and various personality issues with management of fitness facilities, two fully certified personal trainers opened a fitness facility. Each trainer was certified in indoor cycle (aka Spinning), personal training, strength, high-intensity training, and TRX. The facility was housed in the finished basement of one owner’s personal residence. They invested $3000 that covers startup equipment costs. Startup equipment included spin bikes, fans, weights, step benches, and mats. Over time they upgraded the spin bikes and added more features such as resistance bands, ropes, TRX equipment, kettlebells and other items for approximately $1000. Based on periodic feedback from clientele, they added some yoga classes and another instructor to teach additional spin classes. The owners taught 90% of the classes themselves and did not take a salary from the business. The yoga classes fully funded the yoga instructor. The additional spin instructor cost approximately $150/month. Costs included $500 monthly for insurance, $200 monthly for utilities, $80 for music licensing. Clientele paid $10 per class unless they purchased a package of 20 classes for $85 or 10 classes for $65. They ran approximately 26 classes a week. Unless there were 2 clients in a class, the class was cancelled. The business averaged 4 clients per class and averaged cancelling 3 classes per week. They also had personal training clients who paid 20 per session. The business averaged 8 personal training sessions per week. Tax rate is 20%. Depreciation on the equipment is 20% a year. Efficiency of the business is compromised from time to time based on clientele – since this is a boutique business that runs classes of 5-6 individuals, personalities and drama sometimes require the business owner’s significant management time in the form of communications with clientele.

Between the two of them, they could earn $800/month by contracting themselves out to other facilities. Additionally, without the business, the trainers could conduct personal training sessions in the basement facility using the equipment they already have and would incur insurance costs of $60/month, no music licensing fees and $100 utilities.

Unemployment Question

Assume a city called Macroland, where the total population is 80,000. Of that 50,000 are people between the ages of 18 and 65, and 10,000 below 18 and the rest above 65. In the month of January in Macroland, the number of people in the 18 to 65 years old group that have jobs are 35,000 people, The number in that age group looking for jobs are 7,000 people. Answer all parts to the question for the population between ages of 18 and 65 only. You may type the answer on text if possible or upload a file.

a. How many people are in the labor force?

b. How much is the unemployment rate ?

c. How much is the labor force participation rate?

Now assume in the month of February in Macroland there were some changes in the labor market. Of the people who were employed, 6000 lost their jobs but only 4500 of the 6000 who lost jobs were interested in looking for jobs. Of the people in January who were unemployed, 2000 got jobs, and 800 stopped looking for jobs.

d. Given the changes, what is the labor force of Macroland in February?

e. How much is the unemployment rate in February?

f. How much is the labor force participation rate in February?

g. How many discouraged workers were there for changes between January and February?

Apply principles of leadership, governance and management to the CLAS Case Study of Peru.

In the long run, economic challenges for the Namibian economy concern how to provide satisfactory living standards growth for the vast majority of people. Such growth requires two components: rapid overall productivity of people and reversal of the increase in income equality that kept productivity growth. Using a case study of your choice in Namibia, assess the short and long run economic, and employment impacts of infrastructure investment. In your assessment, show (estimate) and discuss the likely impact on overall economic activity productivity and the number and the types of jobs. Furthermore, you are required to discuss how the investments are financed.                                                                       

Global Economy question. How does exchange rate stability affect (1) hedging strategies for Apple, a multinational organizations, (2) how it affects the balance of payments. how it can hedge to maximize profits and what strategies can be used to make a positive domestic impact on the balance of payments.

A service company purchases a fleet of trucks for house calls at a cost value of $1 million. At the end of 3 years, the company sells the truck fleet for $612,000. Assuming the company’s gross income is $1.5 million annually with expenses of $1.1 million determine the after-tax cash flows for the 3 years the company owned the fleet. Assume a corporate tax rate of 21% and use the appropriate MACRS depreciation for the truck. Assume that depreciation recapture and depreciation loss is subject to the same 21% tax rate and ignore sales tax for purchasing and selling the truck.

Please show all work

1. In long-run monopolistic competition,

a) all firms will produce an identical product

b) entry or exit will shift the demand curve until all firms earn zero profit

c) firms might earn positive profits since strategic barriers prevent new firms from entering

d) entry or exit will shift the supply curve until all firms earn zero profit

e) firms may operate at a loss if the tax advantage are sufficiently large

2. What is the profit maximizing output level for a monopolistic competitive firm facing demand of P=50-2q, constant marginal costs of $10 and fixed costs are $50?

a) 19 units

b)10 units

c) 30 units

d) 25 units

e) 20 units

3. What is the profit maximizing price for a monopolistically competitive firm facing demand of P=50-2q, constant marginal costs of $10 and fixed costs of $50?

a) $50

b) $10

c) $2

d) $20

e) $30

4. What is the maximum profit that can be earned by a monopolistically competitive firm facing demand of P=50-2q, constant marginal costs of $10 and fixed costs of $50?

a) $150

b) $100

c) $500

d) $200

e) $300

5. How much deadweight loss will be created by a monopolistically competitive firm facing demand of P=50-2q, content marginal costs of $10 and fixed costs of $50?

a) $100

b) $300

c) $150

d) $50

e) $200

6. Which of the following is NOT true regarding perfect competition and monopolistic competition?

a) firms in each market structure operate in the long-run where LRAC and demand are tangent

b) there are no barriers to entry or exit in either type of competition

c) all of the answers are true

d) firms in each market structure operate at optimal scale

e) firms in each market structure earn zero profits in the long-run

7. Which characteristic of a monopolistically competitive market implies that firms will be unable to earn a profit in the long-run?

a) monopolistically competitive firms are able to earn a long-run profit

b) there are no barriers to entry

c) firms face a downward sloping demand curve

d) few sellers, many buyers

e) output is differentiated

8. In short-run monopolistic competition a firm maximizes its profit by selecting an output at which

a) marginal revenue exceeds marginal cost

b) marginal revenue equals marginal cost

c) total revenue equals total cost

d) marginal revenue equals average total cost

e) marginal revenue equals average variable cost

9. Which of the following is NOT true of a firm operating in a monopolistically competitive market in the long-run?

a) the firm produces less than optimal scale

b) the demand curve facing the firm is tangent to the marginal cost curve

c) the firm sets a price above the minimum average cost

d) the firm operates with excess capacity

e) all of the answers are true

The private sector has been regarded as a key partner of the public sector in providing funds for Infrastructure Investment. However, the private sector has faced a number of challenges in providing funds for infrastructure development. Discuss the challenges and suggest remedies that will assist the private sector to overcome these challenges

If real GDP in 2019 exceeds real GDP in 2018, did real output rise? Did Prices rise? Macroeconomics

: Suppose there is a shift in world demand towards Canada’s net exports. Explain the impact on aggregate expenditure and the subsequent shift in the DD curve.

Question 6. There are two bidders in a sealed-bid, second-price auction. The object for sale has a common value. Each bidder, i = 1,2, receives a signal i that is independently and uniformly distributed on the interval [0, 1]. The true value of the object, v, is the average of the two signals,

v = (σ1 + σ2) / 2

(a) If bidder 1 gets the signal σ = 0.7, how much does he think the object is worth?

(b) Suppose that each bidder submits a bid equal to the expected value of the object (conditional on his signal). If bidder 1 submits the winning bid, what is the expected value of the object?

(c) What is the expected surplus for bidder 1 under the assumptions in (b)?