Questions
1. Suppose that firm B makes rugs and that its fixed costs are 10,000 per month....

1. Suppose that firm B makes rugs and that its fixed costs are 10,000 per month. The Average Variable cost is $100 per rug. Suppose that it get a price of $500 per rug. How many rugs does the firm have to sell to breakeven?

2.Draw a graph of a firm in perfect competition making a profit. Be sure to include the ATC,AVC, MC, and MR curves. Identify the quantity and price where they would maximize their profit. Show the area of the profit on the graph.

In: Economics

a) What are the assumptions about the competitor's reaction to the price changes underlying the shattered...

a) What are the assumptions about the competitor's reaction to the price changes underlying the shattered demand curve of the oligopoly?

(b) Why is there a break in the oligarch's marginal revenue curve?

(c) How does the model of the sloping demand curve explain the rigidity of prices in the oligopoly?

(d) What are the disadvantages of this model?

In: Economics

Do you think that the intellectual property laws on the network (worldwide network) will become less...

Do you think that the intellectual property laws on the network (worldwide network) will become less important??? Do you think that could be a problem??

In: Economics

Suppose Congress decided to strip the Fed of its monetary policy independence and legislate interest rate...

Suppose Congress decided to strip the Fed of its monetary policy independence and legislate interest rate changes.

How would you expect the policy choices to​ change? Which arrangement would most likely provide price ​ stability?

The most likely result in the short run would be​ ______.

In the long​ run, the inflation rate would​ ______.

A.

an increase in money growth and falling interest​ rates;

rise and nominal interest rates would rise

B.

a decrease in money growth and rising interest​ rates;

fall and nominal interest rates would rise further

C.

an increase in money growth and falling interest​ rates;

fall and nominal interest rates would fall further

D.

a decrease in money growth and rising interest​ rates;

fall and nominal interest rates would fall

In: Economics

what was the change in the system of the Uk from 1940 to 2012? from the...

what was the change in the system of the Uk from 1940 to 2012? from the economical and political and social side and what is the effect of that now when the country is facing epidemics, such as now, for example.  
I need a detailed answer, please.

In: Economics

What is the analogy between people overgrazing a commonly owned area of land and the use...

What is the analogy between people overgrazing a commonly owned area of land and the use of public air space in the case of the coronavirus pandemic? What is a possible remedy to prevent air space from becoming overused during a pandemic? What is the cost of not regulating shared air space and letting individuals decide for themselves whether to go to work, go shopping, gather in groups, etc.? Would a single business sacrificing profit by closing down to prevent the spread of the virus be an effective remedy to prevent a pandemic from spreading? Why or why not?

In: Economics

What are the economic similarities between the problem of the destruction of the tropical rain forest,...

What are the economic similarities between the problem of the destruction of the tropical rain forest, the near extinction of bison, and the problem of overfishing?

In: Economics

Please discuss the implications of followings in terms of shape of IS & LM curves and...

Please discuss the implications of followings in terms of shape of IS & LM curves and the impact of fiscal policy (IS shifts) and the monetary policy (LM shifts). (Hint: the shape of IS &LM curves can be evaluated in terms of its intercept and the slope)

i) as the investors become less sensitive to interest rate ?(Hint: Consider the Investment function as I = I0 – b.i, where i is the interest rate and b represents the investors’ sensitivity to interest rate change) ?

ii) as the marginal propensity to consume increases ?

In: Economics

Consumer Behaviour and Marketing Psychology Create a 10 survey questions that designed to examine why consumers...

Consumer Behaviour and Marketing Psychology

Create a 10 survey questions that designed to examine why consumers decided to purchase your chosen product (i.e LAPTOP). These questions should inquire about perception, attitudes, motivation, and cultural factors. Please note that this survey should not ask participants questions about product or service quality/attributes and customer satisfaction.

In providing the list of ten questions, you must also include theories/concepts that link to each of the questions, and objective/s of the questions.

In: Economics

Model of tree growth, support with graph. (a) Discuss the biological decision rule to harvest the...

Model of tree growth, support with graph.
(a) Discuss the biological decision rule to harvest the forest. [3 points]
(b) Show the optimal time to harvest from a profit maximization perspec- tive. Is it the same as in a)? Why yes or why not? [10 points]
(c) Discuss how the discount rate will affect the harvest decision. [3 points]

In: Economics

Suppose the followings represent the goods market: C = C0 + c(Y-T) (Consumption Function) I =...

Suppose the followings represent the goods market:

C = C0 + c(Y-T) (Consumption Function)

I = I0 - d.i (Investment Function)

G = T = T0 (Government’s Balanced Budget Condition)

Suppose the followings represent the financial markets:

Md = a - b.i (Money Demand Function)

Ms = M0 (Money Supply Function)

i) Please compare the Money Demand Function represented above with the standard Money Demand function (referred in your book) and discuss about similarities and differences?

ii) Describe the equilibrium in both financial and goods market by solving the system (Goods and Financial Markets) for equilibrium i and Y?

In: Economics

Per the text book, OB experts have proposed 12 mechanisms or levers for changing organizational culture....

Per the text book, OB experts have proposed 12 mechanisms or levers for changing organizational culture. These levers can be pushed to create a preferred type of culture, or they can be pulled to reduce a particular culture type. Changing culture amounts to pushing and pulling these levers to create a culture profile that is best suited to help an organization achieve its goals.

These mechanisms or levers include:

Formal statements of organizational philosophy, mission, vision, values, and materials used for recruiting, selection, and socialization.

The design of physical space, work environments, and buildings.

Slogans, language, acronyms, and sayings.

Deliberate role modeling, training programs, teaching, and coaching by others.

Explicit rewards, status symbols, and promotion criteria. Stories, legends, and myths about key people and events.

The organizational activities, processes, or outcomes that leaders pay attention to, measure, and control.

Leader reactions to critical incidents and organizational crises.

The rites and rituals used to celebrate important events or achievements.

The workflow and organizational structure.

Organizational systems and procedures.

Organizational goals and the associated criteria used throughout the employee cycle.

In a 1 to 2 page respond to these questions: 1. Which of the 12 mechanisms do you believe is most effective? Why?

2. Describe one or more organizations that are exhibiting one of these 12 mechanisms? Which and how?

3. Show how the 12 mechanisms relate to other things motivation, leadership, etc ?

In: Economics

Were there any ethical and/or moral issues in the banking and financial services industries prior to...

Were there any ethical and/or moral issues in the banking and financial services industries prior to the 2007-2009 financial crisis?

In: Economics

How did the American West change the landscape and lives for many Americans? What impact did...

How did the American West change the landscape and lives for many Americans? What impact did American policy have on the lives of Native Americans? (Please provide examples) How did the railroad industry impact Western life?

In: Economics

Is it possible to have a vote for three candidates using a ranked ballot that produces...

Is it possible to have a vote for three candidates using a ranked ballot that produces a tie in each of the following systems, all at the same time: plurality, top-two runoff, elimination run-off, and Borda count?

In: Economics