Which stage of the policy progress is the most important and why?

Three ways in which the Coronavirus Stimulus Package differs from the 2009 Stimulus Package.

Question 2

Suppose there is enough room for a maximum of three (3) cars to park around a fire hydrant. The harm resulting to society rises as additional cars park around the fire hydrant. This is because as more cars park, it becomes more costly for firefighters to navigate their water hoses around the stationary vehicles. The total (not marginal) cost to society as a function of the number of parked cars around a fire hydrant is as follows:

a. If each driver’s gain from parking a car around the fire hydrant is constant at $20, how many cars should park around the fire hydrant from an economic perspective? (Hint: you need to find the marginal cost to society to answer this part.)

b. What is the maximum level of total surplus resulting from parking around the fire hydrant? How many cars should park around the fire hydrant from an economic perspective?

Discuss the meaning of deductible and coinsurance in the context of insurance. What are the similarities and differences between the two? How do deductibles and coinsurance mitigate the losses of insurers?

Madam Yong Hon Heng owns a factory building valued at RM1.8 million, and she insures the property under four insurers at RM300,000 (insurer A), RM400,000 (insurer B), RM500,000 (insurer C) and RM600,000 (insurer D). Assume that each insurer includes a pro-rata liability clause in their policy. In the event that, a RM500,000 loss occurs, how will Madam Yong Hon Heng be able to claim from each insurer?

1. A monopolist produces good y at a cost c(y) = 10y, so that marginal cost is a constant €10 per unit. Two distinct groups of consumers, A and B, have demands for y as follows:

            y_A(p_A) = 120 - p_A

            y_B(p_B) = 200 - p_B

1. First assume that the firm can practice third-degree price discrimination and so can set a different price for each group, p_A and p_B. Write the inverse demand functions for each group of consumers. Find the firm's optimal choice of y_A and y_B, and the associated prices for each group, p_A and p_B.
2. Now assume that the firm is not able to practice price discrimination and must set one price p for the whole market. Write total demand for the market as a whole. Write the inverse demand curve for the market as a whole. Find the firm's optimal choice of y, and the associated price p. Show that the firm does better under price discrimination as in 3.1 than under a single price as in 3.2.

Country A is a developing country. The nominal GDP in Country A (expressed in terms of Country A currency) was 100 in 2018 and 200 in 2019. Does this means that the production in Country A doubles in 2019? Give 2 reasons and explain why or why not..

. Consider a firm that has a production function y = f(x1, x2) = 2x ^1/4 1 x ^1/4 2 facing input prices w1 = 2 and w2 = 4. Assume that the output price p = 8.

• What will be the profit maximizing output level?
-What will be the profit? •
-If this firm is divided up into two equal-size smaller firms, what would happen to its overall profits? Why

How must American marketers change their packaging for sale in India and Pakistan? How about product size? Would warehouse clubs like Costco and BJ's be successful in this part of the world? Why or why not?

minimum 500 words

Give an example of a production process that is possible to have decreasing marginal product in an input and yet increasing returns to scale. Show your work and explain

.

Do you foresee any other positive influences the COVID-19 virus may have on local or global financial markets? Provide a web article.

8. Nominal and real wages have increased over time in the U.S. How fast will your nominal wage increase if you receive an increase each year that is comparable to what has occurred on average since 1929? About how long will it take the purchasing power of your wage to double if your real wage increases at the average rate experienced in the U.S. since 1929?

Consider a market with demand represented by P=500-2Q. Assume there are two firms, each with MC=25.

1. If the firms compete on quantity in Cournot Competition, what will be the equilibrium quantity (for each firm and overall) and price?
2. If firm 1 is a leader in Stackelberg competition, what will be the equilibrium quantity (for each firm and overall) and price?

Should a firm operating in a competitive market produce and sell their output if they incur a loss and not a profit? Why or why not? How does the answer depend on the size of the loss?

1. What effect will each of the following have on the demand for hamburgers? (increase, decrease, or no effect)
   
   a. Hotdogs become more expensive (while the price of hamburgers stays the same).                           ___
   ___________
   b. The price of hamburgers falls.                                                             ______________

c. Income declines and hamburgers are an inferior good.                                                           ______________

d. The price of French fries (which people eat with hamburgers) falls.                                                     ______________

2- What effect will each of the following have on the supply of fast food hamburgers?

a.   The wages of fast food workers increases.                                                           ______________

b. A decrease in the price of ground beef.                                                               ______________

c   The price of hamburgers increases.                                                                      ______________

d   The levying of an additional sales tax on all fast food.                                          ______________