list five strategies that companies might use to position themselves internationally or globally?
In: Economics
Use the AD/AS model to explain how a tax cut without a government spending decrease affects the economy in the short run and adjustment back to the steady state.
In: Economics
You have been hired by “Goodle” (a fictitious company) for your creativity and innovative capabilities. Goodle is a high-tech company that provides services for education providers to support student learning. Their current system allows students to access their course learning resources and has an inbuilt browser capability. Goodle has a great deal of faith that you will bring some fresh ideas into the company. As the New Product Development team leader, you have been given complete freedom to spend time developing your own ideas for the company.
Activity 2 – Perceptual mapping & Concept evaluation
1. Explain the three (3) attributes of the product/service
2. Develop a determinant gap map
The product i have choosed is Educational gaming apps for enrolled students..
In: Economics
Home’s demand curve for wheat is: D = 100 - 20P. Its supply curve is: S = 20 + 20P.
a) Derive and graph Home’s import demand schedule. What would be the price of wheat and quantity sold in Home in the absence of trade?
Now add Foreign, which has a demand curve: D* = 80 -20P and a supply curve S* = 40 + 20P.
b) Derive and graph Foreign’s export supply curve and find the price of wheat and quantity sold in Foreign in the absence of trade.
c) Now allow Foreign and Home to trade with each other. Find and graph the equilibrium under free trade. What is the world price of wheat? What is the volume of trade?
In: Economics
Provide a brief description of the production function of the following firms. What is the firm’s output? What input does it use? Can you think of any special features of the way production takes place in the firm?
(a) A wheat farm in Prairies
(b) Hudson’s Bay
(c) A local arc-welding firm
(d) Sam’s Hot Dog stand
(e) Calgary Opera
(f) Dr. Physician private practice
In: Economics
What United States policy was designed to improve the catch up effect?
In: Economics
If you had the chance today, would you leave it all behind and join a colonial expedition to Mars? Why/why not? Regardless of whether you'd make the trip, how would you propose setting up the Martian colonial government? Assume, like later generations of colonists, that you could take much of your willing family along with you. Assume, also, that it is a one-way trip.
In: Economics
A monopolist faces two totally separated markets with inverse
demand p=100 – qA and
p=160−2qB respectively. The monopolist has no fixed costs and a
marginal cost given by mc= 2 /3q
Find the profit maximizing total output and how much of it that
is sold on market A and market
B respectively if the monopoly uses third degree price
discrimination.
a) What prices will our monopolist charge in the two separate
markets?
b) Calculate the price elasticity of demand in each market and
explain the intuition behind the
relationship between the prices and elasticities in these two
separate markets.
In: Economics
In: Economics
Select a relevant microeconomics industry and discuss how it relates to the PPF. Consider why countries engage in international trade and how that country aligns with the PPF concept. Choose a topic that explores one or more factors of production and how they relate to the PPF.
Locate a recent article or event (published within the last year) that highlights your relevant microeconomics topic. Use newspapers, new stations, or other credible sources to discuss how your topic aligns with microeconomics.
Include the following in your discussion: State the article or event you selected. Identify the microeconomic concept(s). Describe your findings. Analyze the relevance to real-life applications. Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.
In: Economics
Beth is a second-grader who sells lemonade on a street corner in
your neighborhood. Each cup of lemonade costs Beth $0.90 to
produce; she has no fixed costs. The reservation prices for the 10
people who walk by Beth's lemonade stand each day are listed in the
following table.
Person | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
Reservation price |
$1.50 | $1.40 | $1.30 | $1.20 | $1.10 | $1.00 | $0.90 | $0.80 | $0.70 | $0.60 |
Beth knows the distribution of reservation prices (that is, she
knows that one person is willing to pay $1.50, another $1.40, and
so on), but she does not know any specific individual’s reservation
price.
a. Calculate the marginal revenue of selling an additional cup of
lemonade. (Start by figuring out the price Beth would charge if she
produced only one cup of lemonade, and calculate the total revenue;
then find the price Beth would charge if she sold two cups of
lemonade; and so on.)
Instructions: If you are entering any negative
numbers be sure to include a negative sign (-) in front of those
numbers. Enter your responses rounded to two decimal
places.
Price | Quantity |
Total revenue ($ per day) |
Marginal revenue ($ per cup) |
1.50 | 1 | ||
1.40 | 2 | ||
1.30 | 3 | ||
1.20 | 4 | ||
1.10 | 5 | ||
1.00 | 6 | ||
0.90 | 7 | ||
0.80 | 8 | ||
0.70 | 9 | ||
0.60 | 10 |
b. What is Beth’s profit-maximizing price?
Instructions: Enter your response rounded to two
decimal places.
$ .
c. At that price, what are Beth’s economic profit and total
consumer surplus?
Instructions: Enter your responses rounded to two
decimal places.
Economic profit: $ per day.
Consumer surplus: $ per day.
d. What price should Beth charge if she wants to maximize total
economic surplus?
Instructions: Enter your response rounded to two
decimal places.
Price to maximize total economic surplus: $
In: Economics
Assume that the government has run out of retirement funds, and people need to rely on themselves for retirement. In the loanable funds market, which curve shifts to which direction?
In: Economics
Question 1 1 pts
Say's Law indicates that:
Group of answer choices
demand creates its own supply.
a stable, inflexible interest rate will guarantee perpetual full-employment.
supply creates its own demand.
falling prices will decrease the purchasing power of a declining level of total money demand
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Question 2 1 pts
Classical macroeconomic theory believed that if total spending was less than the amount necessary to establish full-employment, then:
Group of answer choices
product prices would rise, resulting in an increase in supply and a return to full employment
product and resource prices would fall, restoring full-employment
the government should use certain policies to bring the economy back to full employment.
product prices would fall, but resource prices would rise, restoring full employment.
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Question 3 1 pts
John Maynard Keynes expressed his ideas about macroeconomics and attacked Classical economics in his book,
Group of answer choices
An Inquiry into the Nature & Causes of the Wealth of Nations
The Gospel of the Flying Spaghetti Monster.
The General Theory of Employment, Interest and Money
The Great Unraveling.
The Theory of General Relativity.
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Question 4 1 pts
Except for convincing a good deal of the economics profession that government could play a positive role when it came to "stabilizing" the economy in the short-run in the above publication, John Maynard Keynes had a rather dull & uneventful life.
Group of answer choices
True
False
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Question 5 1 pts
Group of answer choices
Keynesian economics is basically modern-day Marxism
capitalism is not a self-correcting economic system.
saving(s) is the driving force behind economic growth.
supply creates its own demand.
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Question 6 1 pts
Keynesian economics emphasizes the _______________, and changes in aggregate ______________.
Group of answer choices
short run; supply.
long-run; demand.
long-run; supply.
short-run; demand.
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Question 7 1 pts
Group of answer choices
at any level where aggregate expenditures is equal to real GDP/income
only at levels less than full-employment.
only at levels greater than full-employment.
only at full-employment
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Question 8 1 pts
The concept known as the "neutrality of money" suggests:
Group of answer choices
that changes in the money supply has no impact on the economy--none.
that low interest rates may increase interest sensitive expenditures.
that changes in the money supply would have no impact on real economic variables, e.g. employment.
that changes in the money supply typically alter the velocity of money.
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Question 9 1 pts
In reaction to the last recession, household saving increased. Unfortunately, this was likely an additional drag on the economy in the short-run. This phenomenon is known as
Group of answer choices
crowding out.
the neutrality of money.
the paradox of thrift.
Say's Law.
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Question 10 1 pts
Unlike Keynesian" economists, Classicals generally disapprove of the use of fiscal policy as a short-run demand management tool.
Group of answer choices
True
False
In: Economics
Select two countries (excluding the United States) and prepare a short report describing their basic Internet infrastructure. Are they public or commercial? How and where do they connect to backbones within the United States?
In: Economics
Marketers must ensure they keep the company at the centre of all analysis when carrying out an investigation of the macroenvironment and the immediate environment.
true-false
In: Economics