specific field is : strategic decision-making.
Question: Why did the Soviet Union decide to place offensive
missiles in Cuba ?
(word limit 400 words )
you may find it "The Cuban Missile Crisis"
In: Economics
"The problem with our democratic institutions is that they don't correctly reflect the will of the people! If the people-rather than self-interest politicians or lobbyists-had control, we would not have to worry about government taking actions that don't maximize allocation and product efficiency." Critique that statement. Do you agree or not and why.
In: Economics
For a demand function u (x, y) = xy, show the demand functions for good x and good y. (Remember that MRS = (du/dx) / (du/dy) = px / py in the point of interest, the tangency point of budget line and indifference curve. The budget condition is given by pxx + pyy = m)
for u (x, y) = x1/3 y2/3
In: Economics
China is a major producer of grains, such as wheat, corn, and rice. In 2008 the Chinese government, concerned that grain exports were driving up food prices for domestic consumers, imposed a tax on grain exports. a- Draw the graph that describes the market for grain in China. Use this graph as the starting point to answer the following questions. b- How does an export tax affect domestic grain prices in China? c- How does it affect the welfare of Chinese’ consumers, the welfare of Chinese’ producers, and government revenue? d- What happens to total welfare in China, as measured by the sum of consumer surplus, producer surplus, and tax revenue?
In: Economics
When China’s clothing industry expands, the increase in world supply lowers the world price of clothing. a- Draw an appropriate diagram to analyze how this change in price affects consumer surplus, producer surplus, and total surplus in a nation that mostly imports clothing, such as the United States. b- Now draw an appropriate diagram to show how this change in price affects consumer surplus, producer surplus, and total surplus in a nation that exports clothing, such as the Dominican Republic. c- Compare your answers to parts (a) and (b). What are the similarities and what are the differences? Which country should be concerned about the expansion of the Chinese textile industry? Which country should be applauding it? Explain.
In: Economics
According to the absorption approach, under what condition, the depreciation of a nation’s currency leads to an improvement of trade balances of the nation?
In: Economics
Describe the pricing strategy of a recently launched product of your choice. What is the pricing structure and the logic behind it? What did the organization do to implement its pricing successfully in the marketplace? What was the analysis / decision making process that the company went through in arriving at the launch price? What role did competitive pricing behavior play in influencing the success/failure of the product? What improvements could you suggest on how the company approached pricing and the actual pricing strategy?
In: Economics
Suppose a US investor wants to invest in the foreign exchange market by buying a foreign currency today and selling it in a year. The following information is available to him:
|
Country |
Price of big mac (local currency) |
Elocal/$ |
|
United States |
4 |
1 |
|
Japan |
380 |
100 |
|
Mexico |
50 |
10 |
In dollars, how much does a big mac cost in Japan and in Mexico? Show your work.
Explain the concept of the Big Mac Index. Which currency is over-valued? Which is under-valued?
In: Economics
What strategies do college students employ in order to “game” their academic report cards? In light of this gaming, how can prospective employers and graduate schools determine the true academic performance of undergraduates?
In: Economics
Do teachers face a conflict of interest when “certifying” their students? What steps can schools and potential employers and graduate schools take to eliminate the problems created by these conflicts?
In: Economics
1. Suppose you have a demand function and supply function of QD = 300 - 2P and QS = 5P, respectively.
a. Suppose tax of $50 has been levied on the consumer. What is the new demand curve?
b. Draw both demand curves and the supply curve on one graph.
c. After the tax has been applied, what is the price that the sellers receive?
d. After the tax has been applied, what is the price that the consumers pay?
e. How much of the $50 tax do the sellers pay?
f. How much of the $50 tax do the consumers pay?
2. Suppose you have a demand function and supply function of QD = 300 - 5P and QS = 2P, respectively
a. Suppose tax of $50 has been levied on the consumer. What is the new demand curve?
b. Draw both demand curves and the supply curve on one graph.
c. After the tax has been applied, what is the price that the sellers receive?
d. After the tax has been applied, what is the price that the consumers pay?
e. How much of the $50 tax do the sellers pay?
f. How much of the $50 tax do the consumers pay?
In: Economics
Consider two mutually exclusive investment projects, each with MARR = 8% as shown in figure
A.On the basis of the IRR criterion, which alternative would be selected?
B. Determine the discounted payback period for each project.
| Project's Cash Flow | ||
| n | A | B |
| 0 | -$20,000 | -$25,000 |
| 1 | $6,000 | $10,000 |
| 2 | $2,000 | $3,000 |
| 3 | $11,000 | $8,000 |
| 4 | $4,000 | $2,000 |
| 5 | $5,000 | |
| 6 | $11,000 | |
| 7 | $2,000 | |
In: Economics
What is critical thinking? What kind of mindset should you develop to become an effective critical thinker? Is it important to understand what an argument is to be an effective critical thinker? Why or why not? In your essay, touch on Socrates and independent thinking as well as concepts such as truth. Be sure to provide examples in your essay.
In: Economics
Why work?” discuss the role “life energy” plays in going to university and choosing a meaningful career.
In: Economics
Does the law of diminishing marginal utility hold for all goods and services we buy and consume? What are the exceptions?
In: Economics