Regarding the Lorenz curve and you are waiting for the state’s demographers office, how would you (1) describe and explain a Lorenz curve and (2) how would you describe and explain how a Lorenz curve is constructed?

Assume a duopoly market with quantity competition. The market inverse demand is the following: P = 497 - (Q1 + Q2) Where Q1 and Q2 represent the production of firm 1 and 2, respectively. Assume that both firms have the same ATC = MC = 21. If this market was a competitive market rather than a duopoly how much higher would the market quantity be under a competitive marekt than under a duopoly? (hint: get the competitive market quantity and subtract the duopoly quantity, input only numbers in your answer).

Discuss the impact of money growth on economy under these keywords: Stagflation, overshooting, real balances, Fisher effect, inflation, output, expected inflation, unemployment, real interest rate, nominal interest rate.

1. bank Is offering bonds with a face value of $10,000 and a coupon rate per year of 7%,good for 5 years and the Interest is paid quarterly. Blom bank Is offering bonds with a face value of $10,000 and a coupon rate of 8% paid every 6 months also good for 5

years. The purchasing cost for the Byblos bond is $9,500 and for the Blom bank Is $9,750

,if your Marr is 5% a year CMPOUNDED MONTHLY ,which is a better investment based on present worth analysis?

First Question : In a monetary model with floating exchange rates, what will happen to exchange rate, if the Central Bank of Turkey has decided to increase money supply? Discuss.

Second Question : In a monetary model with fixed exchange rates, discuss short run and long run effect of a devaluation on balance of payments.

3. Discuss how spending and output influences equilibrium in a simple model where aggregate expenditure = consumption.

4. Describe how unplanned inventory can influence equilibrium in the model where AE=(C+I+G+(X-M))

1. Please explain the difference between nature and nurture (nature versus nurture controversy) on human development.

2. In addition, provide an example of how each (nature and nurture) has influenced your development to make you the person you are today.

Evaluate real-world instances of externalities and public good inefficiencies and suggest solutions. Describe a situation where you experienced a positive or negative externality or free-riding by you or someone else. Why are these situations problematic?

Assume that you are analyzing the hospital services market. *For scenarios a-c, explain whether each of the following result in a change in demand, change in quantity demanded, change in supply, or change in quantity supplied in the hospital services market. Draw and label a positively sloped supply curve and negatively sloped demand curve in your diagram to depict each scenario. .

A. A surplus of nurses results in a decrease in the average wage paid to nurses. Note: Nurses are an input in the production of hospital services.

b.Insurers place an increased emphasis on increasing the number of same day surgeries and reducing the number of hospital stays for the insurance pool by reducing reimbursements related to hospital stays.

c.Widespread hospital mergers occur, resulting in the closure of some small hospitals and a lack of entry by new hospitals.

Welfare and Efficiency — End of Chapter Problem

Fei, Morgan, and Lakesha are all in the market for new Levi’s jeans. The marginal benefit for each pair of jeans for each of them is provided in the accompanying table.

a. If the price of a pair of Levi’s jeans costs $32, Fei will purchase

, Morgan will purchase

, and Lakesha will purchase

b. The consumer surplus from the last pair of jeans purchased is

largest for Lakesha.

largest for Fei.

the same for Fei, Morgan, and Lakesha.

largest for Morgan.

c. How much total consumer surplus will each of them receive at a price of $32?

Fei’s total consumer surplus is $

Morgan’s total consumer surplus is $

Lakesha’s total consumer surplus is $

d. How much consumer surplus do they receive collectively?

Collective consumer surplus is $

.

1. Discuss how a merger between two healthcare providers will affect markups and profits?
2. Share your thoughts about whether market forces are strong enough to deliver efficient healthcare or if the government is needed?
3. Does insurance coverage for vaccines do anything useful? Explain.

Having a dual mandate, the FED has more degrees of freedom in managing monetary policy than other central banks. Discuss the FED monetary policy with respect to the current economic situation at the domestic and international levels. Imagine being an economic consultant of the FED and advise the chairman with the best monetary strategy for the next year in less than 500 words. Support your viewpoint with data, analyses and empirical evidence.