compare and contrast the American and Chinese economies in terms of using global, ethical, political, physical, and societal indicators.

Does the size and growth of the economies of the two nations have any relationship to capitalism and democracy?

What is the impact of the Internet on the two national economies?

How do these nations define capitalism in relation to national political policies?

Is there a relationship between economic growth and personal freedom with the two nations?

Q1) A monopolist will choose to increase output when

Group of answer choices

at the present level of output, marginal revenue exceeds marginal cost.

market price increases.

the demand curve shifts to the left.

at all levels of output, marginal cost increases.

Q2) The deadweight loss that arises from a monopoly is a consequence of the fact that the monopoly

Group of answer choices

earns positive profits.

price is the same as average revenue.

price equals marginal revenue.

quantity is lower than the socially-optimal quantity.

Q3) The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers: die-hard fans and casual fans. For a particular WeR2Loud concert, there are 1,000 die-hard fans who will pay $150 for a ticket and 500 casual fans who will pay $50 for a ticket. There are 1,500 seats available at the concert venue. Suppose the cost of putting on the concert is $50,000, which includes the cost of the band, lighting, security, etc.

Refer to Scenario 15-6. How much additional profit can the concert promoters earn by charging each customer their willingness to pay relative to charging a flat price of $150 per ticket?

Group of answer choices

$100,000

$50,000

$25,000

$75,000

suppose that the demand equation for a monopolist's product is p=400-2q and the average cost function is c= 0.2q+4+(400/q)where q is no.ber of units and p and are expressed in dollars per unit
a) determine the level of output at which profit is maximized
b) determine the price at which maximum profit occurs
c) determine the maximum profit
d) if as a regulatory device the government imposes a tax of 522 per unit on the monopolist,what is the new price for the profit maximization?

How did the Gilded Age change lives for Americans? Who were some of the Industrialists who changed American Big Business and how did they change it? How did these changes impact the East (urban cities)?

Most important issues or events of 1920s.
Consider Economy, Traditional vs. emerging America, The election of 1928.

In order to establish a claim for negligence, the plaintiff must prove that:

Multiple Choice

• The defendant was either comparatively or contributorily negligent.

• The plaintiff was contributorily negligent.

• The plaintiff sustained nominal damages.

• The plaintiff acted as a reasonable person under the situation.

1. Define the following terms in one to two sentences each:

Gross Domestic

Product Percentage of workforce in non-agricultural sector

Infant Mortality Rate

Mortality Rates/Life Expectancy

Female Literacy Rate

discuss  impact of COVID-19 on the global economy

2. Write an investment function (equation) that specifies two components:

a. Autonomous investment spending

b. Induced investment spending

5. Which of the following is NOT considered when the government determines whether someone is unemployed?

a. Whether the individual is 16 or older

b. The wage the individual is paid

c. Whether the individual has looked for work

d. Whether the individual is currently employed

6. Suppose the civilian non-institutional population equals 150,000; there are 70,000 employed persons and 10,000 unemployed persons. How many people are not in the labor force?

a. 10,000

b. 60,000

c. 70,000

d. 80,000

1. A company has employed two workers A and B whose productivities are 20 units and 15 units respectively. The wage for A is K12 whilst B’s is K8. Are these two employees optimally employed?                                                                                              [5 Marks]
2. The average total cost of producing a tomato unit and the average variable cost are K2 and K1 respectively. Further, price is K10 and the firm operates in a competitive market.

1. Calculate the fixed and total costs of producing 1000 units of tomatoes. [4 Marks]
2. Calculate the profit the firm makes from selling 1000 tomatoes.              [2 Marks]
3. What is will happen in the market as a result of your answer in (ii)?           [5 Marks]

3. Briefly describe the condition associated with optimization of utility of an individual. [4 Marks]
4. Show (Derive) the mathematical relationship between marginal revenue and elasticity. [5 Marks]
5. A firm operating under a monopoly faces the following demand and cost functions: P=170 - 5Q and TC = 40 + 50Q + 5Q².

1. What’s the profit maximizing quantity and price?                                       [4 Marks]
2. What is the price elasticity of demand at the profit maximizing level?      [3 Marks]
3. Explain the strategy must the firm adopt to increase its revenue.                 [3 Marks]

6. Graphically show the relationship that exists between total revenue and elasticity for a price decrease along the demand curve.                                                                         [5 Marks]
7. Explain what determines who bears the most burden of a tax.                                 [5 Marks]

Describe the types of policies the federal government may have implemented to restore aggregate demand and the potential obstacles policymakers may have encountered.

If a clothing store customer takes a pair of pants from the rack, removes all of the external sales tags, and then approaches the sales clerk for a refund, what crime may be charged?

Theft
Criminal mischief
Embezzlement
None of the above