Explain the three tools the Federal Reserve has at its disposal to raise or lower interest rates.
In: Economics
Assume the short run variable cost function for Japanese beer is VC=0.5q^0.67
If the fixed cost (F) is $1500 and the firm produces 600units, determine the total cost of production (C), the variable cost of production (VC), the marginal cost of production (MC), the average fixed cost of production (AFC), and the average variable cost of production (AVC). What happens to these costs if the firm increases its output to 650?
Assuming the firm produces 600 units, the variable cost of production (VC) is
VC=???????. (Enter your response rounded to two decimalplaces.)
The total cost of production (C) is C=$????.?? (Enter your response rounded to two decimal places.)
The marginal cost of production (MC) is MC=$?.?? (Enter your response rounded to two decimal places.)
The average fixed cost of production (AFC) is AFC=$?.?? (Enter your response rounded to two decimal places.)
The average variable cost of production (AVC) is AVC=$?.??(Enter your response rounded to two decimal places.)
Now suppose the firm increases output to 750 units.
The variable cost of production (VC) is VC=$???.?? (Enter your response rounded to two decimal places.)
The total cost of production (C) is C=$????.?? (Enter your response rounded to two decimal places.)
The marginal cost of production (MC) is MC= $?.?? (Enter your response rounded to two decimal places.)
The average fixed cost of production (AFC) is AFC=$?.?? (Enter your response rounded to two decimal places.)
The average variable cost of production (AVC) is AVC=$?.?? (Enter your response rounded to two decimalplaces.)
In: Economics
In: Economics
Assume that you are going to start a small business of your own.
Describe the business and discuss the following:
In: Economics
Two related long-term concepts are those of economic growth and the natural rate of unemployment. Frequently, policymakers target these well-known indicators.
(a) Explain how the following policy actions affect the rate of economic growth.
i.Investment tax credits encourage firms to increase spending on research and development.
ii.Marginal tax cuts combined with increased government spending cause the federal budget deficit to rise.
iii.Increased access to government grants allow greater access to higher education and vocational training. Identify how the f
b) Identify the following policy actions affect the long-run Phillips curve and the natural rate of unemployment.
i.Unemployment benefits are extended from 27 to 54 weeks.
ii.Frictional and structural unemployment decrease due to federal work programs.
In: Economics
What would be appropriate fiscal ( expansionary or contractionary ) policy for our economy right now? and why?
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Please provide a PESTEL analysis on Bayer the pharmaceutical company.
In: Economics
1. After the dissolution of the Soviet Union in 1991, the Russian Federation had a lot of issues building a strong capitalistic economy. During the period of privatization, a lot of people were unemployed and had no clue how a free market economy works. All this factor resulted in the formation of bandit groups and gangs and a huge unemployment rate in the whole country. Based on the theories created by John Maynard Keynes, how should the government of the Russian Federation create demand and help people finding jobs?
2. Imagine that Canada is in the New Great Depression following the current global pandemic. The unemployment rate is very high, and many people have no source of income. How should the government respond to this downturn according to Keynes theories? Should the Government be concerned with balancing their own budget, why or why not?
3. Explain how cyclical unemployment is related to the theory of insufficiency of effective demand.
4. The theory of diminishing marginal propensity to consume suggests that rich people spend a smaller amount of the income on consumption (demand) than poor people do. Why would this make income inequality even worse for an economy than if this were not true?
try to use your own words to answer
In: Economics
describe the three basic requirements/tests for a general partnership.
In: Economics
Continue your observation of the 10-year period selected for Milestones One and Two and research the government monetary policies during that time frame. This year are 2005-2015, I need actual data not definitions of the terms specified down below. Specifically, the following critical elements must be addressed:
Examine the monetary policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider the discount rate set by the Fed, the rates on reserves, open market operations, and so on.
Analyze new monetary policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using macroeconomic principles to explain the actions.
Explain the impact of the new monetary policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles.
In: Economics
In Food, Inc., whose responsibility do you think it is to inform us about what is in our food? Is it our responsibility to find out, the producer’s responsibility to make it more clear, or both? Why do you think so? write 200 words please
In: Economics
Disadvantages of the elimination of the personal exemption and paired with an expanded standard deduction, in President Trump's signature 2017 Tax Cuts and Jobs Act.
In: Economics
Explain the following:
M1 and M2:
Demand pull inflation:
cost push inflation:
In: Economics
Define the Central Limit Theorem. How are confidence intervals related to public opinion polling?
In: Economics
For an economy to grow it must increase labor, capital and/or productivity. While there are diminishing returns to capital and labor, growth from productivity is unlimited.
Governments have a role in providing the framework for sound economic growth. This includes having sound fiscal and monetary policy. Other factors that encourage GDP growth are reasonable taxes and regulation, low corruption, and openness to trade and foreign direct investment.
For this assignment you will write a paper analyzing the growth of a specific country. Identify one country that has demonstrated high GDP growth rates (over any time period) and answer the following:
In: Economics