Questions
Please I need today answer for This question and it is very important and I need...

Please I need today answer for This question and it is very important and I need solution for this issue with all the details , and help me with all the details.Please write your answer to me by typning  not by hand writing, so that I can read and understand your answer clearly.thanks in advance/Ha

Question 1

In the following examples, do you believe that the main driving force for the location of

production is economies of scale or comparative advantage:

a) The presence of two automotive companies, Volvo and Saab, in Sweden.

b) The presence of a textile industry in Bangladesh.

c) The large number of coffee growers in Tanzania and Kenya on the slopes of Kiliman- jaro.

d) That 70% of all lighters in the world are produced in the Chinese city of Wenzhou.

e) The many nightclubs around Stureplan in Stockholm compared to, for example,Gärdet.

Question 2

Imagine that Vietnam would close its trade in buttons

with other countries. Would prices in Vietnam increase or decrease? (Hint: this depends

on the size of the Vietnamese domestic demand).

Question 3

Consider, again,. Assume that Vietnam maintains free trade in

buttons but that its current output in this industry is zero due to competition from China.

Now, the Vietnamese government decides to subsidise its button industry (this causes

Vietnam’s supply curve to shift downwards). Will this be successful? What does it depend

In: Economics

1)In which areas does classical economics and neoclassical economics differ in which are similar? Explain precisely.

1)In which areas does classical economics and neoclassical economics differ in which are similar? Explain precisely.

In: Economics

Elaborate on the characteristics of the public management environments. Subject: Public Administration

Elaborate on the characteristics of the public management environments.

Subject: Public Administration

In: Economics

5. You own goods A and B. You are considering increasing price of good A by...

5. You own goods A and B. You are considering increasing price of good A by 10%. Here is the information you have

Pa = 20

Qa = 1000

For each $1 increase in Pa, Qa will decrease by 100.

Pb = 12

Qb = 750

For each $1 increase in Pa, Qb will increase by 100.

(The point of this exercise is to have you do everything the long way then use the delta r formula so you can see the difference)

h. What is the own price elasticity for good A?

i. What is the cross price elasticity of A and B?

j. Calculate the change of revenue using the formula provided in class.

k. Explain why the two methods have different answers.

l. To calculate the change in total revenue from the price change, which method do you prefer? Doing parts a-g or doing part h-j? Briefly explain.

In: Economics

18. Comment critically: “Recycling is beneficial to saving the environment yet it is a complex issue....

18. Comment critically: “Recycling is beneficial to saving the environment yet it is a complex issue. It calls for changes in attitudes yet even that is not enough since markets are not well developed to be substantial force in preserving the environment.”

In: Economics

The world has experienced a major crisis due to the rapid spread of the Coronavirus: •...

The world has experienced a major crisis due to the rapid spread of the Coronavirus: • What are the effects of this crisis on the image of China, The United States, and Europe? • What is the role of international public relations in changing of the image after the end of the virus? And how?

In: Economics

17. Comment critically: “Genetically modified food production has been a very important factor in increasing food...

17. Comment critically: “Genetically modified food production has been a very important factor in increasing food stuff and avoiding massive scale starvation.”

In: Economics

Discuss some limitations of unemployment rate figures as a measure of a country’s economic well-being.

Discuss some limitations of unemployment rate figures as a measure of a country’s economic well-being.

In: Economics

u13. The market for good X is perfectly competitive. The demand and supply functions of good...

u13.
The market for good X is perfectly competitive. The demand and supply functions of good X are given as follows:

uQd = 6000 – 30 P  Qs = –500 + 20 P

uQd is quantity demanded in thousand units, Qs is quantity supplied in thousand units, and P is the unit price in dollars for good X. All 1000 firms in this market are identical and their cost structures do not depend on the number of firms in this market. Currently, this market is in long-run equilibrium.

a. What are the equilibrium market price and market quantity for good X? Please explain your calculations.

Now suppose the government gives an $8 per-unit subsidy to the consumers for each unit of good X consumed.

b. After the provision of this per-unit subsidy to the consumers, what are the short-run equilibrium market price and market quantity for good X? Please explain your calculations

c. What are the long-run equilibrium market price and market quantity for good X after the provision of this per-unit subsidy to the consumers? Briefly explain your answer.

In: Economics

Consider the two investments shown below, only one of which can be chosen. They are one-shot...

Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 15.9081 interest rate.

EOY

Alternative 1

Alternative 2

0

- 23,285

- 40,075

1

3,963

1,000

2

3,963

1,800

3

3,963

2,600

4

3,963

3,400

5

3,963

4,200

6

5,000

7

5,800

8

6,600

In: Economics

1. Ann and Bill have formed a business partnership. They each have to decide how much...

1. Ann and Bill have formed a business partnership. They each have to decide how much effort to put into the business. Let x denote the amount of effort Ann puts into the business and let y denote the amount of effort Bill puts into the partnership. The profit of the business partnership depends on the amount of effort Ann and Bill put into the business. It is given by 2x + 2y + 0.5xy hundred thousand dollars. Ann and Bill will split the profit equally however they will separately incur the cost of their own effort. The cost of Ann’s effort is 0.5x2. The cost of Bill’s effort is 0.5y2. Effort is also measured in hundred thousand dollars.

a. What is Ann and Bill’s payoff function?

b. If Bill puts in an effort level of y = 1, what is Ann’s best response?

c. If they choose their effort levels without knowing their partner’s effort level, what is the Nash equilibrium of this game?

d. What if Ann commits to an effort level first? What are the backward induction effort levels? Does this game have a first mover or a second mover advantage?

In: Economics

5. Problems and Applications Q6 Consider the three theories of the upward slope of the short-run...

5. Problems and Applications Q6

Consider the three theories of the upward slope of the short-run aggregate-supply curve.

According to the sticky-wage theory, the economy is in a recession because the price level has declined so that labor demand is too .

True or False: According to the sticky-price theory, the economy is in a recession because not all prices adjust quickly.

True

False

According to the misperceptions theory, the economy is in a recession when suppliers mistakenly believe that the relative price of their goods has .

In: Economics

Suppose that for consumers A and B trading goods 1 and 2 in a general equilibrium...

  1. Suppose that for consumers A and B trading goods 1 and 2 in a general equilibrium framework

uaxa,1,xa,2=xa,1xa,2     and   ubxb,1,xb,2=xb,1+2xb,2

The initial endowments are given by ωa=(2,2) and ωb=(3,2) . Depict graphically the Edgeworth box including

  1. Its dimensions
  2. The location of the initial endowment
  3. Each consumer’s indifference curves.

Note that in part (c), I just looking for you to depict the general shape of these indifference curves; you do not have to plot them out using the mathematical functions.

In: Economics

how has a bill of exchange evolved into a check, a promissory note, and a bill...

how has a bill of exchange evolved into a check, a promissory note, and a bill of lading?

In: Economics

International Trade Practice exam Explain key terms: 1) counter sample 2)FCL 3)FPA 4)INCOTERMS 5)Standby L/C

International Trade Practice exam
Explain key terms:
1) counter sample
2)FCL
3)FPA
4)INCOTERMS
5)Standby L/C

In: Economics