Discuss whether administrative agencies have too much power. Why or why not?
In: Economics
write a short essay on cubas abundance of natural resources such as land, labour, capital or energy resources?
In: Economics
Consider the following model: Y =
β1 +
β2X2t +
β3X3t +
γ4Yt-1. Using a
sample of 36 months, we estimate this model and obtain the
following results:
yt = 1.33 +
17.6x2t +
0.94x3t +
0.39Yt-1
(0.02) (2.3) (3.35) (0.015)
R2 = 0.89 DW = 2.86 (Durbin Watson statistic)
If X3 were to increase by 1-unit in time
t, by how much would we expect Y to change
overall, including current and future time
periods, as a result of this increase?
45.13
1.54
28.85
6.5
In: Economics
In: Economics
Identify reasons why an organization would be interested in being ethical and classify those reasons in terms of whether they represent moral motivation or economic motivation.
In: Economics
Show all your work as you go through any calculations. Thank you!
1. Suppose a firm uses labor and capital to produce boat shoes.
(a) (6 points) When presenting the optimization problem for the firm, assume that labor is put on the horizontal axis and capital on the vertical axis. If the marginal technical rate of substitution between labor and capital is currently 8 capital per worker, what does this mean? Interpret the number itself and explain fully.
(b) (4 points) By normal assumptions, what would we expect to happen to the marginal rate of technical substitution along an isoquant as labor is increased?
(c) (5 points) Explain why we expect the answer you described in part b).
In: Economics
In: Economics
Market research for food waste?
Objective and subjective data demonstrating the size and growth potential of the market you will be operating in. Please provide relevant objective and subjective statistics, trends, facts & figures
In: Economics
Two firms set prices in a market with demand curve Q = 6 − p, where p is the lower of the two prices. If firm 1 is the lower priced firm, then it is firm 1 that meets all of the demand; conversely, the same applies to firm 2 if it is the lower priced firm. For example, if firms 1 and 2 post prices equal to 2 and 4 dollars, respectively, then firm 1–as the lower priced firm–meets all of the market demand and, hence, sells 4 units. If the two firms set the same price p, then they each get half of the market, that is, they each get (6−p )/2 . Suppose that prices can only be quoted in dollar units, such as 0, 1, 2, 3, 4, 5, or 6 dollars. Suppose, furthermore, that costs of production are zero for both firms. Finally, suppose that firms want to maximize their own profits.
Show that when we restrict attention to the prices 1,2, and 3 dollars, the (monopoly) price of 3 dollars is a dominated strategy.
In: Economics
In: Economics
How do specialization economies and diminishing marginal returns affect the shape of a firm’s short-run marginal cost curve? Provide a complete explanation in support of your response.
In: Economics
A construction company needs enough money to purchase a new tractor-trailer in 6 years at a cost of $450,000.
If the company sets aside $175,000 in year 2, $125,000 in year 3, and $75,000 in year 4, how much will the company have to set aside in year 5 to have the money needed in year 6?
Assume investments earn 8% per year compounded semi-annually.
What is the value of the individual cash flow at year = 1?
What semi-annual interest rate do you use to solve for the unknown cash flow in year 5?
What is the numerical value for the amount of funding the company have to set aside in year 5 to have the money needed in year 6?
In: Economics
Stock Frauds:
what went wrong? Penny stocks, also known as micro-cap stocks, nano-cap stocks, small cap stocks, or OTC stocks, are common shares of small public companies that initially trade at low prices per share. It is also a term for inexpensive stocks that subsequently become highly lucrative holdings. However, sometimes, it is too good to be true if some tend to manipulate the market. •
Question: what sort of issues involved, what they would have done differently to prevent the issues in the first place, what is pump and dump strategy, what SEC actions were?
In: Economics
IN THE UNITED STATES, WHAT ARE THE MAJOR LAWS THAT AFFECTED UNION GROWTH, AND WHAT DOES EACH ONE COVER?
In: Economics
please explain the main economic systems in urban place in the context of sustainability.
In: Economics