1. If a returns-to-scale industry has a minimum point at 1 million and the market is 500 thousand, how many firms are likely to be in the market? (2)

2. If a returns-to-scale industry has a minimum point at 1 million, and the market is 3 million, how many firms are likely to be in the market? (2)

In your own words, write a short business report (400-500 words) about Alibaba Group business model.

1. According to Coase, the existence of firm is an effective means of minimizing transaction costs. Therefore, do you agree that the larger the firm, the lower of the transaction cost?
2. What factors determine the cartel formation?

What are the potential challenges '5-Hour Energy' faces in the future?

BASF engages in a wide range of environmental protection and sustainability initiatives, including membership in the voluntary Responsible Care initiative for chemical companies. Dig Deeper : Conduct some exploratory research on these initiatives at BASF, and write a short essay or make an oral in-class presentation on your findings.

Write a short business report (400-500 words) about Alibaba Group business model.

Write a short business report (400-500 words) about Alibaba Group sources of revenue and their profit for the past 3 years.

why is the internet indispensable for the world and its economy?

Comment on this statement: “People care about real interest rates, not nominalrates. Therefore, money demand should depend on the difference between the realrates on money and bonds, not the nominal rate on bonds."

1. Define the natural rate of unemployment in terms of wage-setting and price-setting relations. Write the equation that expresses the natural rate of unemployment in terms of these relations. Using an appropriate diagram, explain the effect of a decrease in unemployment benefits on the natural rate of unemployment.
   

2. a) What is the shape of the aggregate supply (AS) curve if:
   1. Nominal wages and prices are flexible and competitively determined?
      
   2. Nominal wages are downwardly rigid?

b) What is the importance of the slope of the AS curve from the standpoint of
stabilization policy?

1. Answer the following questions assuming known IS and LM curves.

1. Derive the associated aggregate demand (AD) curve.
2. Why does it have a negative slope?
3. What is the effect of an increase in taxes on the AD curve?
4. What is the effect of a decrease in real money balances on the AD curve?
     

1) If you want to know how an increase in the price of ice cream at the Next Door Ice Cream Shoppe affects the demand for frozen yogurt in your shop, you would compute the:

            (a)        price elasticity of demand

            (b)        income elasticity of demand

            (c)        cross-price elasticity of demand

            (d)       price elasticity of supply

2) In what industry structure is the mutual interdependence of the firms a key characteristic?

            (a)        perfect competition

            (b)        monopolistic competition

            (c)        oligopoly

            (d)       monopoly

3) Antitrust law is legislation passed for the stated purpose of

            (a)        reducing the profits of chain stores

            (b)        promoting U.S. banking practices in foreign countries

            (c)        controlling labor union practices in various states such as New York, California and Texas

            (d)       controlling monopoly power and preserving and promoting competition

If a tax is imposed on sellers of a good, who is more affected- buyers or sellers? Can the buyers avoid the tax altogether? Use a diagram to explain.

1. Define the Marshall-Lerner condition. What are the likely effects of devaluation during a recession when supply elasticities are high?

2. Explain the J-curve phenomenon. Consider an economy with a fixed exchange rate with a fixed price level. What is the effect of depreciation on equilibrium income and trade balance in the first six months after depreciation?

3. Define uncovered interest parity. What is the relationship among the forward exchange rate, the spot exchange rate, and the interest rate? Suppose the (1-year) interest rate on bank deposits is 2% in Canada and 1.75% in United States. If the (1-year) forward US$–C$ exchange rate is C$1.25 per US$ and the spot rate is C$1.2 per US$, will the C$ depreciation or appreciation against the US$ over one year, and by how much?

In the 2017 “Asempa” budget, several tax reforms were proposed including the removal of (i) 5% VAT/NHIL on real estate sales and (ii) excise tax on petroleum products. Focusing on these two taxes provide answers to the following questions.
i. Using the Harberger triangle, explain why this tax reforms were hailed as a source of relief (use appropriate graphs where necessary).