Discuss the differences and similarities between these three business forms :

1. Differences and similarities between LLC in USA vs SARL in Lebanon

2. Corporation in USA vs S.A.L in Lebanon

3. General Partnership in USA vs. Unlimited Partnership in Lebanon

1. How does a central bank influence the lending capacity of the banks?

2. How do the fluctuations in the exchange rate influence the domestic price level?

3. What is a barter system? The drawbacks of this system are as follows:

4. Why is comparative advantage rather than absolute advantage the basis for trade?

5. Explain the concept of “lender of last resort.” What is discount rate?

1. Explain three factors that would cause the dollar to appreciate.

2. What is fiat money? Why is fiat money important in the United States today?

3. What is the impact of expansionary fiscal policy on the exchange rate? Explain the process through which expansionary fiscal policy affects the exchange rate.

4. Discuss the opposing points of view on U.S. trade deficit.

5. Describe the origins of the Fed and the arguments about the independence of the Fed.

Consider the Price Elasticity of Demand. Explain how a solid understanding of this, in conjunction with other economics concepts, can help a business improve its performance (e.g. increase sales revenue)

32. Dumping means selling goods in a foreign market at lower prices than those charged in the home market.

True

False

33. A large tax cut in the United States should lead to an increase in the trade deficit.

True

False

34.If you have a checking account at Citibank, the account is a liability of the bank.

True

False

35. A store of value is the function of money when used to transfer purchasing power to the future.

True

False

36. If the Fed sells $5 million in government bonds, how much will the money supply change?

37. If a country begins to import more of a commodity, one can normally expect the price of the commodity to

For this week's discussion, the focus will be on examining Porter's Five Forces as a tool for looking at the pressures on profits. Specifically, you will be looking at defining Porter's Five Forces and applying this tool to the market structures and pressures on profits of a chosen group of firms.

Instructions

Review the two groups of firms below:

• Group 1: the accommodations industry (e.g., Hilton, Marriott Bonvoy, InterContintental Hotel Group).
• Group 2: the wireless telecommunications industry (e.g., Verizon, AT&T, T-Mobile).

In your discussion post, address the following:

• Which of these groups operates in a monopolistic competitive industry? Which operates in an oligopoly?
  • How did you determine the classification of each group? That is, what are the key characteristics of each group that indicate the type of industry it operates in?
• Chose one of the groups and use Porter's Five Forces to analyze the pressures on profits for your chosen group's firms.
  • If you want to dig deeper into how one of the firms views the challenges it faces, you might want to look at the firm's investor page.

Note: In your discussion posts for this course, do not rely on Wikipedia, Investopedia, or any similar website as a reference or supporting source.

What is first-degree price discrimination? Is the outcome under perfect price discrimination allocatively and productively efficient? How does your answer change if the monopolist cannot price discriminate?

Principles of Microeconomics:

1. Pick one or more of the textbook chapters and research a current topic related to the chapter(s). Topic= Perfect competition
2. Pick a public corporation or organization, and describe the business using the concepts learned in the course such as demand, supply, elasticity, costs, market structure...
3. Pick a product and define the demand and supply determinants for that product. Also explain the product´s elasticity, cost structure, market, and competition.

2. The grade will depend on how much you apply the concepts learned in the course and shown in the text-book

3. Main body of the paper should be between 4 to 6 pages depending of the number of section used.

Using the Expenditure Model (GDP = C + G + I + NX), draw a graph that depicts Demand-Pull inflation.

Principles of Microeconomics:

1. Pick one or more of the textbook chapters and research a current topic related to the chapter(s). Topic= International trade
2. Pick a public corporation or organization, and describe the business using the concepts learned in the course such as demand, supply, elasticity, costs, market structure...
3. Pick a product and define the demand and supply determinants for that product. Also explain the product´s elasticity, cost structure, market, and competition.

2. The grade will depend on how much you apply the concepts learned in the course and shown in the text-book

3. Main body of the paper should be between 4 to 6 pages depending of the number of section used.

7) If a monopoly charges higher prices to consumers who buy smaller quantities than to consumers who buy larger quantities, then
A) consumer surplus is larger than under single-price monopoly.
B) social welfare is larger than under perfect competition.
C) the monopoly's profits are larger than under single-price monopoly.
D) the monopoly's profits are larger than under perfect price discrimination.

8) Regardless of market structure, all firms
A) consider the actions of rivals.
B) maximize profit by setting marginal revenue equal to marginal cost.
C) produce a differentiated product.
D) have the ability to set price.

9) Two firms sell 100% orange juice in 10-ounce bottles. The juice is only good for one week. The two firms have contracts for all the oranges produced in a large geographic area. Each firm decides how many bottles of juice to produce at the same time. This market is best described with a
A) Bertrand model.
B) Stackelberg model.
C) monopolistic competition model.
D) Cournot model.

Consider the following production function, ? = ?1⁄4?1⁄4?1⁄4 , where y = output, K = the

amount of capital, L = the number of employment, m = quantity of variable materials hired. Let r

(unit price of capital) = $5, w (wage per employment) = $3, pm (unit price of variable material) =

$12; Suppose that the firm is minimizing its cost of production in the short run,

(a) Suppose in short run, the amount of capital is fixed at ?= 16. What is this firm’s short run

total cost function ?(?)?

[6 marks]

(b) Draw this firm’s short run supply curve.

[3 marks]

(c) Suppose the market price of the output is $120. What is this firm’s short run profit?

[3 marks]

(d) Show this firm’s producer’s surplus is the sum of firm’s profit and its fixed cost.

[3 marks]

1) For a monopoly, marginal revenue is less than price because
A) the demand for the firm's output is downward sloping.
B) the firm has no supply curve.
C) the firm can sell all of its output at any price.
D) the demand for the firm's output is perfectly elastic.

2) The monopoly maximizes profit by setting
A) price equal to marginal cost.
B) price equal to marginal revenue.
C) marginal revenue equal to marginal cost.
D) marginal revenue equal to zero.

3) The ability of a monopoly to charge a price that exceeds marginal cost depends on A) the price elasticity of supply.
B) price elasticity of demand.
C) slope of the demand curve.
D) shape of the marginal cost curve.

A car dealer leases a small computer with software for $5,000 per year. As an alterative he could buy the computer for $7,500 and lease the software for $3,500 per year. Any time he would decide to switch to some other computer he could cancel software lease and sell the computer for $500.  

A. If he buys the computer and leases the software, what is the payback period?

B. If he kept the computer and software for 8 years, what would be the benefit-cost ratio, based on a 5% interest rate.

Suppose voters are uniformly distributed along a continuum between 0 and 1. There are two candidates. Voters will vote for the candidate who locates closes to them. Candidates only care about receiving more votes than the other candidate (and prefer a tie to losing).What is the rationalizable set of locations for each candidate?