Draw the demand curve for an environmental service, for example carbon sequestration (process of capture and long-term storage of atmospheric carbon-dioxide) from tree planting and discuss what its slope means as a measure of willingness to pay for the service (explain the direction of slope). Label the axes on your graphs clearly. Draw the supply curve for the service and discuss its slope and how it measures the marginal costs of providing increasing levels of the service (explain the direction of slope). Identify the price, P*, and quantity, Q*, that would satisfy the static efficiency/equilibrium condition. Label the area of net benefit to society, i.e., consumer surplus (CS) and producer surplus (PS)

A local tire dealer wants to predict the number of tires sold each month. He believes that the number of tires sold is a linear function of the amount of money invested in advertising. He randomly selects 6 months of data consisting of tire sales (in thousands of tires) and advertising expenditures (in thousands of dollars). Based on the data set with 6 observations, the simple linear regression model yielded the following results. ?X =24 ?X2=124 ?Y = 42 ?Y2 =338 ?XY =196 Calculate the coefficient of determination and the coefficient of correlation between X and Y. Interpret the coefficient of Determination. also find the slope and intercept and write the estimated Regression equation. What would the predicted sales of tires be if he spends five thousand dollars in advertising?

Computer typing only please.

One of the most fundamental types of market structure – perfect competition. Consider the following industries and discuss which industries could suit best into the category of perfect competition. When you evaluate each industry, assess whether each industry fits into the category of perfect competition, by satisfying four underlying characteristics of perfect competition in the textbook with supporting details.

• Barley industry
• Clothing industry
• Cellphone industry
• Heathcare industry

1. Using the steps in Benchmarking (see below), perform an internal and competitive benchmarking of section/department and Company.

The 10 Steps of Benchmarking

1. Determine processes to be benchmarked.

2. Determine organizations to be benchmarked.

3. Gather data.

4. Locate deficiencies.

5. Determine future trends.

6. Reveal results and sell the process.

7. Achieve consensus on revised goals.

8. Establish procedures.

9. Implement procedures and monitor results.

10. Recalibrate benchmarks.

We see externalities exist in the market because marginal social benefit does not equal marginal social costs. A common example of an externality is pollution. Do you think firms evaluate the cost of pollution and still produce the good even if it results in pollution?

select a country Canada and explain the given below (use different example other than ham burgers)

Supply & Demand

Pick a major product (ie. Hamburgers or any other) in your assigned county and describe how supply & demand relates to that product. Now consider the following: If the price of a substitute product (ie. Hotdogs) increases and the price of a complement product (ie. Hamburger buns) increases, can you tell for sure what will happen to the demand for your original product? Why or why not?

Labour & Financial Market -

Suppose your economy began to grow more rapidly than other countries in the world. What would be the likely impact on your financial markets as part of the global economy? How would these impacts affect your country and all other countries?

GDP & Economic Growth

Why do you think that GDP does not grow at a steady rate, but rather speeds up and slows down? Education seems to be important for human capital deepening. As people become better educated and more knowledgeable, are there limits to how much additional benefit more education can provide? Why or why not?

Employment & Unemployment

Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a good/bad thing for your nation? Explain.

Is a decrease in the unemployment rate necessarily a good/bad thing for a nation? Explain.

Define capital stock. Use the aggregate demand and supply model to show the effects of a decrease in interest rates in the short run and in the long run. Explain why each curve shifts. Also explain why an increase in consumer spending would not have the same effect in the long run.

list and explain the key macro economic goals providing an overview of the Australian economy

a) State the Axioms of rational choice and show how they affect indifference curves where possible.

Why do you believe the financial Crisis of 2008 took place? Could happen again or are all of the regulatory safeguards in place preventing any future debacles from occurring? Is Wall Street merely a bubble pop away from our next financial disaster?

When the Shaffers had a monthly income of $8,000, they would usually eat out eight times a month. Now that the couple makes $8,500 a month, they eat out 10 times a month.

            a.         Compute the couple’s income elasticity of demand. Explain your answer. (Is a restaurant meal a normal or an inferior good to the couple?)                                                                                                      

            b.         List and explain the determinants of the price elasticity of demand.

A researcher wants to look at how daycare for children affects parents’ employment. He considers 5 possible research designs. In which of these should we be most worried about confounding/lurking variables?

Question 1 options:

This question based on the partial equilibrium analysis.

Canada is a small country that produces and consumes calculators. In free trade, Canada imports calculators from Polynesia, which is also a small country. Discuss the implications of an import tariff imposed by Canada. Discuss the implications for the country implementing the policy AND its trading partner. You should clearly discuss production, consumption, exports and imports, and welfare effects (both overall and individual welfare effects). Remember to draw relevant graphs in support of your answers.

An importer from the United States who owes a Belgian company 500,000 euros payable in 30 days, anticipates that the United States dollar will depreciate in that period.

What would you recommend doing to the importer?

Buy euros now or wait for the debt due date?

What would happen to the importer's utility if, having followed his advice, the dollar appreciated instead of depreciating as the importer had anticipated?

Draw up a graph for a change in income , consumer preference and population . Start by drawing a demand curve for a lower population , for instance . Then show the SHIFT of the demand curve to the right when population increases . Do this for a change in income and also consumer preference .