What is the key way that the Fehr and Schmidt model of other-regarding preferences differs from the Bolton and Ochenfels model?

Using the concepts of WTP, WTA, Consumer surplus and producer surplus, explain how free markets maximize social welfare.

According to Wolff, why won’t “re-regulation” work? What does he propose as a solution to problems of capitalism that led to the recent crisis? What do you think of Wolff's argument?

Using the concepts of WTP, WTA, Consumer Surplus, and Producer Surplus explain how free markets maximize social welfare.

1. The exchange rate between Japan (JP¥) and the United States (US$) currencies was especially volatile in the early 1990s. The JP¥/US$ exchange rate changed from JP¥160 per US$1 in 1990 to JP¥99 per US$1 in 1993.

a.      Did the JP¥ appreciate or depreciate relative to the US$ between 1990 and 1993? Explain briefly.

b.      How would this exchange rate change affect Japanese auto manufacturers who produce cars in Japan for export to the US? Explain your logic.

c.       How would this exchange rate change affect Japanese auto manufacturers who have factories in the US and assemble cars there from US and Japanese parts for sale in the US? Are they better off or worse off than the producers in part (b) above? Explain your logic,

d.      How would this exchange rate change affect Japanese investment companies who have previously purchased US financial assets? Explain your logic.

e.      How would this exchange rate change affect Japanese firms who have US$-denominated loans from US banks? Explain your logic.

: Consider a simple economy with only two sectors with consumption and government. Show how a balanced budget results. Explain your working and answer in words

consider a recessionary australian economy. Explain how forex swaps and repos can be used to achieve the same target cash rate

1. Pesticide Services. The market for pesticide services per hour is competitive. The market supply and demand functions are given respectively by P = 20 + 0.5Q_S and Q_D = 620 - 10P.

1. What is the minimum amount suppliers would need to receive before supplying any hourly pesticide services? If these services were free, how many would be demanded per hour?

2. What is the equilibrium market price and quantity of pesticide services provided per hour? Provide a graph of the market equilibrium (include intercepts)

9)

a) For u (x, y) = xy, what is the MRS? (Include the marginal utilities for both goods x and y in your answer; show as an intermediate step to your answer.)

b) Show some indifference curves for the utility function given in a) in a graph. Why do indifference curves representing regular preferences not intersect each other?

Personal reflective feelings about Assessment in higher education

a. Fidel Castro‟s economic legacy will be one of failure – but not perhaps quite as catastrophic a failure as his many detractors would insist. Do you agree? (Justify your answer)

Assume that you will buy and operate a piece of equipment. The machine costs $25,000. You estimate that the equipment will generate $10,000 revenue, each year for six years. You also estimate that operating costs for the machine will be $4,500 each year for six years. These estimates are in constant 2019 dollars. The inflation rate for revenues is estimated to be 3.5%. The inflation rate for operating costs is estimated to be 5.0%.   You will depreciate the machine using the MACRS method, and the 5-year category. The marginal tax rate = 34%. The salvage value = 0.

1. Determine the after-tax cash flow, in actual $.
2. Determine the book value of the machine for each year
3. Determine the NPW of the actual-dollar, after-tax cash flow, if the MARR = 6%.

QUESTION 3 a. „Unemployment is a bad omen for many families as well as the nation at large‟. Discuss the aforementioned statement. b. With the aid of diagrams, explain how fiscal and monetary policies can be used to deal with the problem of unemployment.