Questions
Explain the difference between price-taking and price-setting firms. Give an example of your experience with each....

Explain the difference between price-taking and price-setting firms. Give an example of your experience with each. What are characteristics of the four market structures. How a business, thinks of the margin or uses marginal analysis to operate daily, provide  gexamples of what it means to optimize and how optimization problems are prevalent in people's life).

What tools or resources I can used to develop confidence and comfort-ability with estimation, simple linear regression, and/or multiple regression?

In: Economics

The following is a list of national income figures for a given year. All figures are...

The following is a list of national income figures for a given year. All figures are in billions. The ensuing question will ask you to determine the major national income measures by both the expenditures and income approaches. The answers derived by each approach should be the same.

Consumption expenditure on durable goods……………………………………………………………..50

Transfer payments………………………………………………………………………………………..12

Rents……………………………………………………………………………………………………..14

Capital consumption allowance (depreciation)…………………………………………………………..27

Social security contribution………………………………………………………………………………20

Interest……………………………………………………………………………………………………21

Proprietors’ income……………………………………………………………………………………….45

Dividends…………………………………………………………………………………………………16

Compensation of employees…………………………………………………………………………….248

Indirect business taxes (taxes on production and imports).………………………………………………18

Undistributed corporate profits…………………………………………………………………………...22

Personal taxes…………………………………………………………………………………………….26

Corporate income taxes…………………………………………………………………………………..19

Consumption expenditure on non-durable goods………………………………………………………..95

Gross private domestic investment………………………………………………………………………62

Exports.……………………………………………………………………………………………………7

Imports….…………………………………………………………………………………………………9

Personal savings………………………………………………………………………………………….16

Corporate profits…………………………………………………………………………………………57

Consumption expenditure on services…………………………………………………………………..143

Federal government purchase of goods and services…………………………………………………….35

State and local government purchases of goods and services…………………………………………....47

***SHOW ALL OF YOUR WORK/CALCULATIONS!

  1. Use the above data to determine the GDP by the Expenditure Approach and Income Approache
  2. Compute the NDP
  3. Compute the NI
  4. Compute the DI if PI = $336

In: Economics

How will increasing the horizontal scope of Walmart through acquisitions strengthen its competitive position and profitability?

How will increasing the horizontal scope of Walmart through acquisitions strengthen its competitive position and profitability?

In: Economics

Is context anything to do with Management Style? When a Japanese manager and an American manager...

Is context anything to do with Management Style?

When a Japanese manager and an American manager meet first time for official work, what type of challenges they could face, and why .

In: Economics

Everybody gains from free trade Articulate an argument for and against five of the following statements....

Everybody gains from free trade

Articulate an argument for and against five of the following statements. Answers must be typed with 1.5 spacing.

please make as per Canadian Standards. 10 marks.

In: Economics

Increases in GDP reflect increases in the well-being of a country. Articulate an argument for and...

Increases in GDP reflect increases in the well-being of a country. Articulate an argument for and against five of the following statements. Answers must be typed with 1.5 spacing. make as per Canadian education. 10 marks.

In: Economics

Illustrate and explain what will be effect of an expansionary monetary policy on output and price...

Illustrate and explain what will be effect of an expansionary monetary policy on output and price in short run and long run, under fixed vs floating ecchange rate regime and perfect capital mobility? Use IS-LM and AD-SRAS-LRAS diagrams to answer this question.

In: Economics

1. What are the three categories into which the Bureau of Labor Statistics divides everyone? How...

1. What are the three categories into which the Bureau of Labor Statistics divides everyone? How does the BLS compute the labor force, the unemployment rate, and the labor-force participation rate?

2. Why is frictional unemployment inevitable? How might the government reduce the amount of frictional unemployment?

3. Are minimum-wage laws a better explanation for structural unemployment among teenagers or among college graduates? Why?

4. How do unions affect the natural rate of unemployment?

5. What claims do advocates of unions make to argue that unions are good for the economy?

6. Explain four ways in which a firm might increase its profits by raising the wages it pays.

In: Economics

Compare the issues of migrant workers in Taiwan and Central American's country. What are the common...

Compare the issues of migrant workers in Taiwan and Central American's country. What are the common challenges and differences?

In: Economics

Write your response in the text box. If graph is required, attach image or scan of...

Write your response in the text box. If graph is required, attach image or scan of your graph using the "v" like icon in the text response box, or use the embed image icon to attach your photo/scan of your graph. Answer each prompt in one paragraph/bullet format (where asked to "list")

QUESTION: Prescription drug prices in the United States are often substantially higher than in Canada, the United Kingdom and in India. Today, pharmacies in these countries fill millions of low-cost prescriptions through the mail to U.S. citizens. Given that the pharmaceutical industry cannot prevent the resale of these drugs,

A) are the industry’s effort to price-discriminate useless? Explain your answer

B) GRAPH the condition(s) of price-discrimination in this market structure. Remember to label curves and attach your graph to this response box or use the prompts below to attach your graph - submit graph

In: Economics

Consider an economy that has a small number of large supermarkets and high barriers to entry...

  1. Consider an economy that has a small number of large supermarkets and high barriers to entry to the supermarket industry. What type of market structure best describes this situation? Explain why.

  1. What type of market structure would occur if the supermarkets combined into just one very large supermarket? What affect do you think this would have on prices and supermarket profits?

The following table reports key macroeconomic data for a particular economy.

Macroeconomic Data: 2019

Item

Amount (millions of US dollars)

Household Consumption

896.2

Investment

416.7

Government Consumption

273.6

Government Investment

13.6

Exports

301.2

Imports

265.9

  1. Using the data in the table, calculate the value of GDP for 2019. (3 marks)

  1. If the population of this country is 30 million, what is GDP per capita for this economy?

Explain what this measures.

In: Economics

Briefly explain the terms authority and legitimacy. How are the two concepts related?

Briefly explain the terms authority and legitimacy. How are the two concepts related?

In: Economics

The Coca-Cola Company is an American multinational corporation, and manufacturer, retailer, and marketer of non-alcoholic beverage...

The Coca-Cola Company is an American multinational corporation, and manufacturer, retailer, and marketer of non-alcoholic beverage concentrates and syrups. The company is best known for its flagship product Coca-Cola, invented in 1886 by pharmacist John Stith Pemberton in Atlanta, Georgia. In Ghana, the company was formed from a divestiture of Bottling Division of G.N.T.C in March 1995 and started operations on March 7, 1995 at the GNTC plant at Adjabeng. The new premises sited off the Spintex Road, was commissioned in 1996. Since the divestiture, the Company has invested over US$90 million in vehicles, glass bottles, plastic bottles, plastic crates, production and marketing equipment. In 2019, the company contracted an economist who estimated the demand function for the company’s product (Coca-Cola) using data from 28 supermarket as follows:
?= +0.5?−24=0
where P is the price per bottle and ?= is the quantity demanded. In addition, the economist also
estimated the supply function for product as follows.
4?> − 3? + 4 = 0
where P is the price per bottle and ?> is the quantity supplied. As the consultant of this
company, you are to use this information to:
(i) Determine the equilibrium level of price and quantity 1 marks (ii) Represent your answer graphically by sketching the demand and supply curves.
2 marks (iii) Determine the welfare of economic agents using integration 3 marks (iv) Supposethegovernmentimposesataxof¢4oneverybottlesold,determinethenew
equilibrium price and quantity 3 marks (v) Howwilltheconsumersandproducerssharethetaxperunit? 1mark

In: Economics

please discuss the role of technology in efficient utilization of these exhaustible resources which you might...

please discuss the role of technology in efficient utilization of these exhaustible resources which you might have come across in your own work experience. You could also discuss instances of firms taking steps to adopt renewable natural resources to cut down their reliance on exhaustible resources.

In: Economics

Now, assume that the Fed has identified a recessionary gap.  What type of monetary policy would you...

  1. Now, assume that the Fed has identified a recessionary gap.  What type of monetary policy would you recommend? Be specific as to the three tools that the Fed could use to implement this policy.

In: Economics