Questions
Your textbook (Microeconomics 9th Edition) gives 3 “motives” for holding money. Please list one of these...

Your textbook (Microeconomics 9th Edition) gives 3 “motives” for holding money. Please list one of these motives and give an example, not the definition, of why you might hold money using the rationale of motive that you have selected.

In: Economics

Consider the following two demand segments: 120−4Q = P and 100−4Q = P assuming there’s a...

Consider the following two demand segments: 120−4Q = P and 100−4Q = P assuming there’s a constant marginal cost to serving either group, C(Q) = 60Q.

1. Find the optimal price, quantity and profits when the firm is able to practice third degree price discrimination.

2. Find the optimal price, quantity and profits when the firm is unable to practice third degree price discrimination.

3. Compute the price elasticity of demand associated with each optimal monopoly output in each segment. Do these results match what we would expect?

In: Economics

Suppose there are two types of demanders, casual: P = 500 − Q and hardcore: P...

Suppose there are two types of demanders, casual: P = 500 − Q and hardcore: P = 500 − 0.5Q; while the cost to serve all consumers is given by C(Q) = 200Q. For simplicity, we’ll assume there is just a single consumer of each type.

1. Find the optimal two part pricing scheme when all prospective customers must be offered the same fixed access fee and per-unit price.

2. Find the optimal two part pricing scheme when the firm is able to treat each demand segment as distinct from the other and therefore may offer a different access fee and per-unit price to each group.

In: Economics

TODAY? PRESENT TIME : What are some of the risks Wells Fargo faces with? Specifically what...

TODAY? PRESENT TIME : What are some of the risks Wells Fargo faces with? Specifically what and how?

economic conditions? how does this affect them? Regulatory policies? or the mortgage issue?

please give as many details!

In: Economics

What are the determinants of supply and demand in a market? Explain how these changes impact...

What are the determinants of supply and demand in a market? Explain how these changes impact on supply and demand and use examples to support your answer.

(this question is worth 25 marks)

In: Economics

What force drives a Keynesian model to equilibrium? a. Disequilibrium in resource markets b. Unintended changes...

What force drives a Keynesian model to equilibrium?

a. Disequilibrium in resource markets

b. Unintended changes in inventories

c. Government action

d. question: Keynesian models never reach equilibrium

In: Economics

read the following article excerpt: Robot in the factory and price rise for suppliers as Maleny...

read the following article excerpt: Robot in the factory and price rise for suppliers as Maleny Dairies for the future ABC News 28 november 2019.
Task: describe what you think some of the key costs would be for Maleny Dairies, and detail which are fixed costs and which are variable costs.
how do you think their current investment would impact costs.
depict these changes changes on a diagram showing ATC, AVC and MC under their old structure and under new structure and explain how this shows the changes that you have proposed

In: Economics

How does an economy produce a sustained equilibrium high rate of inflation in the medium run...

  1. How does an economy produce a sustained equilibrium high rate of inflation in the medium run with no change in the equilibrium value of the real exchange rate or in that of the economy’s international investment position?

In: Economics

While your country has an open capital account, your financial markets remain imperfectly integrated with those...

  1. While your country has an open capital account, your financial markets remain imperfectly integrated with those of the rest of the world. The central bank in your country targets the stock of domestic credit. One day, an IMF team arrives and convinces the Finance Minister that your country’s fiscal deficit is excessive. The Finance Minister persuades the parliament to pass a tax increase to reduce the deficit. Explain what effect you would expect this measure to have on:

    1. The aggregate price level and level of real GDP.

    2. The level of employment and the real wage.

    3. The level of exports, of imports, and of net exports.

In: Economics

A sum of $10,000 is gaining interest at 8% a year compounded monthly. What is the...

A sum of $10,000 is gaining interest at 8% a year compounded monthly. What is the future worth if you withdrew $25 a month for one year?

In: Economics

When a country imports petroleum, its national security would be in danger, if the petroleum exporting...

When a country imports petroleum, its national security would be in danger, if the petroleum exporting country imposes an embargo. The importing country may have petroleum reserves, but why would the country import petroleum despite the potential highstake national security? Explain.

10 marks question . pls use diagrams and lengthy explanations

question is part of environmental and natural resources economics

In: Economics

This is the assignment I have, I need the best game theory problem example for it...

This is the assignment I have, I need the best game theory problem example for it which is difficult. Thank you:)

Think of an example of a decision problem or a game theory problem. This time you
will have to submit the source of the story. You can take it from a newspaper, from
Internet, magazine, book...
1. Submit a photocopy or a printed version of your problem.
2. Simplify the problem and represent it using the concepts of game theory or
decision theory.
3. Solve it.
4. Compare your results with the real-life results.
5. In case the results do not coincide explain why. Which is the element that the
theory does not reflect?

Your grade will depend on:
1. The problem you have choosen (easy-difficult)
2. Your ability to represent the problem
3. Your knowledge of the methods we have used in class, that you are expected to
use to solve your problem
4. If you want an excelent grade, try to find problems in which game theory or
decision theory fails. For examples not taking into account emotions or framing
effects.

In: Economics

“COVID-19 Impacton Economy” Assume the economy of country A is in a long-run equilibrium with full...

“COVID-19 Impacton Economy”

Assume the economy of country A is in a long-run equilibrium with full employment. The nominal wage of workers are fixed in the short run.

a)Draw a graph which shows the short-run aggregate supply, long-run aggregate supply, and aggregate demand. Describe the equilibrium point and show each of the following:

i ) Equilibrium output, labelled Y1

ii) Equilibrium price level, labelled P1.

b)Owing to the outbreak of COVID19, the export market of country A has decreased. On your graph in part a), describe in detailsonthe effect of lower exporton the equilibrium in the short run, labelling the new equilibrium output and price level Y2 and P2, respectively.

c)Based on your result in part b), what is the impact of lower export on real wages in the short run? Explain.

d)Show, with a new graph,how the economy will return to its new equilibrium in the long run if the government does not intervene. Explain.

e)Suppose the government decides to increase expenditure on new equipment.

(i)What component of aggregate demand will change?Explain.

(ii)What is the impact on the long-run aggregate supply? Explain.

Remarks : From part a) to e), should illustrate with diagrams, graphs, tables and graphics to support arguments whenever appropriate

Words should be more than 500 words( total of a to e ) .

Please help !! Thank You .

In: Economics

Why is net profit better kept at retained earnings level rather than to be used to...

Why is net profit better kept at retained earnings level rather than to be used to reduce debt?

In: Economics

Being a student of macroeconomics, provide a short commentary (~200 words) on the expected macroeconomic situation...

Being a student of macroeconomics, provide a short commentary (~200 words) on the expected macroeconomic situation once we are on the other side of the pandemic (hopefully soon). Structure your commentary around the effects on any one of three markets – labor, goods or asset – that we have covered so far.

To support your commentary, find another article by an economist in any leading newspaper/journal (it can be a commentary on the Australian domestic economy, any other international economy or preferably a general global economic commentary). You just need to cite the article i.e. mention the title of the article, author and journal, do not copy.

In: Economics