Do some light research about the current status of the Affordable Care Act. It has changed since its original enactment. Write one double-spaced page discussing

(1) some of the major changes

(2) why it is important for businesses to have an understanding of the Affordable Care Act

5a. The price of chicken in January is $3 and 12 pounds are purchased. The price of chicken in December is $6 and 11 pounds are purchased. Calculate the own price elasticity of demand. Explain to the delivery person so that they can understand if the demand for chicken is elastic or inelastic.

5b. The price of beef in May is $4.0 per pound and falls to $3.5 in July. The quantity of chicken consumed in May is 4,000 pounds and falls in July to 3,800 pounds. Calculate the cross price elasticity of demand. Explain to the delivery person so that they can understand if beef and chicken are substitutes or complements.

5c. A coffee cup costs $12 and people buy 5 coffee cups. The price elasticity of demand for coffee cup is -0.8. If the firm increases the price of a coffee cup by 5%, calculate the change in total expenditure. Explain your answer so that the person selling coffee would understand.

For part A and B, determine absolute and relative advantage. Then graph and write the equation on their PPF.

A. It takes Alison 24 hrs to make 1 unit of x and 6 hrs to make 1 unit of y. On the other hand it takes bob 12hrs to produce 1 unit of x and 4 hrs to produce 1 unit of y. Note that Alison and Bob each have only 96 hrs to spend on the production of X and Y.

B. It takes Alison 8 hrs to make 1 unit of x and 4hrs to make 1 unit of Y. On the other hand it takes Bob 12 hrs to produce X and 2 hrs to produce 1 unit of Y. Note that Alison and Bob each only have 120 hrs to spend on the production of X and Y.

How would interest rate, price level, GDP, and unemployment changes, If money supply increases. Show your answer graphically.

How Logistics marketplaces will play out in the future? Describe for an essay and please try to use DHL as an example.

How does the income distribution in the United States compare with the income distribution in other nations? 9b. Examine, the degree of income inequality in our nation. 9c. Explain, why the gap in earnings between skilled and unskilled workers is growing in the United States.

An improvement in production technology will cause the production-possibilities curve to

become less curved

become more curved

shift outward

shift inward

3. According to the concept of scarcity in economics

wants will be fully satisfied sometime in the future

there are no free goods

free goods and scarce goods are the same

the wants of society cannot be satisfied by the goods and services that can be produced from given resources

4. The production-possibilities curve shows

All of the above

the maximum production of butter given the production of guns

that production from given resources is limited

that choosing to produce one good implies sacrificing other goods

5. Which of the following is correct? The demand curve

is an upward-sloping curve

shows that quantity demanded falls as price falls at any given time

shows that quantity demanded rises when price falls

shifts to the right when the price drops

6. In order for Ireland to grow more potatoes, wool production must decrease. This situation is an example of

opportunity benefit

zero opportunity cost

a tradeoff

a free lunch

7. Opportunity cost is best defined as

how much money is paid for something, taking inflation into account

the highest valued alternative that is sacrificed in making a choice

all the alternatives that are sacrificed in making a choice

how much money is paid for something

8. The demand curve is downward-sloping because

a higher price brings in more buyers

The demand curve is not downward-sloping; it is upward-sloping

as income rises people spend less

when the price of something goes down, people purchase more of it

9. A positive statement is a statement about

what is and what should be

what is, was, or will be

what is desirable

what should be but is not

10. The number of personal computer sold annually in the U.S. has increased at a rapid rate. The price of personal computer has fallen. This rise in sales due to lower price is called

an increase in quantity supplied

an increase in demand

an increase in quantity demanded

an increase in supply

Why do people routinely stuff themselves at all-you-can-eat buffets? Explain in terms of both utility and demand theories.

• Define, identify, and apply macroeconomic indicators.

In the aftermath of hurricane Sandy, parts of New Jersey have been isolated so that the transportation of gasoline to consumers has become very difficult. Local authorities in various locations have tried various ways to address the situation.

a)​Using a supply and demand model, analyze the effect of the hurricane on the market for gasoline.

b)​In some places, local authorities have decided to distribute a certain amount of gasoline for free, so that every consumer had the right to a fixed allowance. Show and discuss the effects of this decision on the market.

c)​In other places, local authorities have imposed a price cap on gas. Show this in a supply and demand diagram and explain the consequences.

Machine X has a first cost of $70,000 and an operating cost of $21,000 in year 1, increasing by $500 per
year through year 5 with a salvage value of $13,000. Machine Y has a first cost of $62,000 and an operating cost of
$21,000 in year 1, increasing by 3% per year through year 10 with a salvage value of $2000. If the interest rate is
i 13% per year, evaluate which machine must you choose on the basis of:
(a) the present worth analysis,
(b) the conventional B/C analysis

With explanation of Pa , Pc, Ps PW for plan X

Pa ,Ps PW, for plan Y

Delta (C+O) , delta B , Delta B/C

What does the slope of the yield curve tell us? Suppose that economy is in recession and monetary authority decreases policy rate (interest rate) to return output to its potential level. Illustrate using relevant graphs when the yield curve is i) approximately horizontal ii) downward sloping (Hint: Use expectations augmented IS-LM model).

Define Marshall-Lerner condition and J-curve. Explain the relation between the two concepts (25 pts.)

1. Decompose the liquidity preference demand for money function: M^d = D_t(PY) + D_a(R).

That is, what are the different reasons we wish to hold money and what are these reasons/demands determined by (or a "function of")?

And, in our model of the economy, “where” & how is the equilibrium interest rate determined?

2. Briefly explain with—or without—a bit of maths, why bond prices & interest rates are inversely related.