explain to me using demand and supply and the market in a stable equilibrium what you would expect to happen to the Florida market for Apalachicola oysters if a harmful algal bloom (HAB) destroyed oyster beds in Texas and Louisiana (Do not research actual oyster markets, consider this as hypothetical). Note that Louisiana and Texas oysters are substitutes for Apalachicola oysters so you need to first think about what happens to the prices for those oysters and then the impact that will have on the market for Apalachicola oysters.
In: Economics
8. According to the AD/AS model, which of the following
statements is (are) correct?
(x) Suppose a stock market crash makes people feel less wealthy.
The decrease in wealth would cause
people to decrease consumption, which shifts the aggregate demand
curve to the left.
(y) If the government provides an investment tax credit to firms
that purchase new capital, then investment
will increase and the aggregate demand curve shifts to the
right.
(z) An increase in the price level causes households to purchase
fewer goods. The AD/AS model illustrates
this as a shift of the aggregate demand curve to the left.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (y) only
10. According to the AD/AS model, which of the following
statements about the long-run aggregate supply
(LRAS) is (are) correct?
(x) The long-run aggregate supply curve is determined by the
availability of labor, capital, natural resources
and technology.
(y) The long-run aggregate supply curve is vertical and is located
at the economy’s rate of output that
occurs when the rate of unemployment is at its natural level.
(z) An increase in the price level does not cause the long-run
aggregate supply curve to shift and the price
increase does not cause a change in output in the long run.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (z) only
11. According to the AD/AS model, which of the following statements
about the LRAS is (are) correct?
(x) An increase in the money supply will cause the long-run
aggregate supply curve to shift to the right
because of the presence of monetary neutrality.
(y) A hurricane, flood or other natural disaster that reduces the
availability of resources will cause the LRAS
to shift to the left.
(z) An increase in capital equipment or a technological advance
that decreases production costs will cause
the LRAS to shift to the right.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only
In: Economics
Use marginal analysis (the comparison of additional/marginal benefit with additional/marginal cost) to create some examples of your own. Good examples of diminishing returns can be observed from nearly all episodes of the reality TV show "Man v. Food" with Adam Richman or Casey Webb . Find one on the web to use in your essay
In: Economics
Answered with work please.
13. If a 5% decrease in the price of gas causes a 10% increase in the demand for standard sized autos, then the cross-price elasticity of demand is:
cross price elasticity of demand (CPED)
CPED=-1 * change in quantity demand of autos/-1*change in price of gas CPED=-1*10/-5*1=-2
14. If the price elasticity of demand of for gasoline is 1.3, then a 15% decrease in quantity demanded is caused by a:
price elasticity of demand (PED)
PED=-1*change in quantity demand/-1 change in price
1.3=15*-1/Dp Dp=11.54% (increase)
*15. A 10% increase in the price of 40 inch LCD televisions which have a price elasticity of demand of 1.3 will cause a:
PED=Dq/10-1 1.3=Dq/10-1 Dq=
16. A business newscast claims that the median home price of existing homes fell from $285000 to $260000. Over the same time period the quantity of these homes sold fell from 3150000 to 2950000. Using the arc elasticity formula, calculate the arc elasticity implied.
E=Q1-Q2/P1-P2 * P1+P2/Q1+Q2
Arc Elasticity (Arc Ed) =
In: Economics
How do you expect and analyze the impact of the pandemic on the financial markets (including the foreign exchange market) and the U.S. economy.
In: Economics
What is the challenges confronting or affecting the teaching of both Financial and Management Accounting Education? Let us know 5 challenges for both Financial and Management Education .
In: Economics
Introduction
Decision making in finance is rarely black and white and one decision can be appropriate for one situation and not appropriate for another. Point and counter-point discussions should highlight this as well as expand upon the ability to support a decision that may not be supported by others in the same department.
Initial Post Instructions
Consider the following point and counter-point arguments then use the Internet to learn more about the issue. Which argument to you support? Explain why and offer your own opinion on the issue.
In: Economics
The management of a firm wants to introduce a new product. The product will sell for $4 a unit and can be produced by either of two scales of operation. In the first, total costs are
TC = $4,000 + $2.6Q.
In the second scale of operation, total costs are
TC = $6,520 + $2.0Q.
What is the break-even level of output for each scale of operation? Round your answers to the nearest whole number.
The first scale of operation: units The second scale of operation: units What will be the firm’s profits for each scale of operation if sales reach 4,200 units? Round your answers to the nearest dollar.
The first scale of operation: $
The second scale of operation:$
One-half of the fixed costs are noncash (depreciation). All other expenses are for cash. If sales are 2,600 units, will cash receipts cover cash expenses for each scale of operation? Enter your answers as positive values. Round your answers to the nearest dollar.
The first scale of operation generates a cash flow of $ .
The second scale of operation generates a cash flow of $ .
The anticipated levels of sales are the following:
Year Unit Sales 1 3,200 2 4,200 3 5,200 4 6,200
If management selects the scale of production with higher fixed cost, what can it expect in years 1 and 2? Round your answers to the nearest dollar.
Earnings in year 1: $
Earnings in year 2: $
If the firm selects the scale with higher fixed costs, its earnings in year 1 will be earnings in year 2. If sales reach only 4,200 a year, was the correct scale of operation chosen? Be sure to consider all the factors. should have been preferred.
In: Economics
.Suppose that the market demand curve facing the incumbent firm is p = 460 -0.5y.The firms total cost curve is c(y) = 100y.The incumbent firm is threatened by a potential entrant, which faces a fixed entry cost K in addition to the variable cost. The entrant’s total cost is therefore c(y) = K + 100y. Find the limit output yL
In: Economics
25. Draw a graph showing the short- and long-run effects of an increase in the money supply.
In: Economics
The world's poor countries have made as much progress in health and education in a generation as the rich world did in a century.
b. Analyze the policies a developing country could adopt in order to improve its world economic ranking.
In: Economics
12.
before applying the corporate tax rate, firms may deduct
a. wage payments
b. dividend payments to shareholders
c. depreciation allowances
d. a and c
13.
in canada, only realized capital gains are included in taxable income
a. true
b. false
c. uncertain
14.
consider the following statement. the best empirical evidence to date suggests the tax subsidies for certain accounts like RRSPs and the TFSAs encourages new savings. is this statement true or false, explain
16.
in the canadian PIT system, capital gains are
a. generally not associated with a "lock in effect"
b. treated exactly like the other sources of income
c. taxed differently than other sources of income
d. only realized death
dont need explanation besides number 14, thanks
In: Economics
Are the net gains from trade positive? (demonstrate using a two-country, two-commodity model)
In: Economics
Why is party discipline so important in a parliamentary political regime?
In: Economics
Tell whether the statement is true or false. Please answer all.
____ 20. The cost disease of services explains the problems surrounding the health care crisis.
____ 21. An increase in wages in the public sector is always accompanied by an increase in labor productivity.
____ 22. Federal tax loopholes in personal income tax provide benefits only to very high-income people.
____ 23. State and local governments receive money from sales taxes, property taxes, and the federal government.
____ 24. A tax that reduces economic efficiency is always bad policy.
In: Economics