Give an explanation of two criteria for evaluating the quality of qualitative research designs. Next, explain how these criteria are tied to epistemological and ontological assumptions underlying philosophical orientations and the standards of your discipline. Then, identify a potential ethical issue in qualitative research and explain how it might influence design decisions. Finally, explain what it means for a research topic to be amenable to scientific study using a qualitative approach.

2.It is suggested as we studied in previous chapters that banks are struggling to maintain their market in the financial services sector. What do think is behind this trend?

What kind of banking and financial system do you foresee for the future if present trends continue?

Instructions:

Answer the above two questions and make sure that:

1. You use your own words as any plagiarism will be captured by the software and rejected

2. You don’t share your answers with anyone as that might jeopardize your grade

3. You submit on the due as late submissions will not be entertained

If a monopoly faces an inverse demand curve of p equals=390390minus−​Q, has a constant marginal and average cost of ​$30​, and can perfectly price​ discriminate, what is its​ profit? What are the consumer​ surplus, welfare, and deadweight​ loss? How would these results change if the firm were a​ single-price monopoly?

Consider total cost and total revenue, given in the following table:

In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)

In order to maximize profit, how many units should the firm produce? Check all that apply.

4

5

6

7

In the previous table, enter marginal revenue and marginal cost for each quantity.

On the following graph, use the green points (triangle symbol) to graph the marginal-revenue curve, then use the orange points (square symbol) to plot the marginal-cost curve. (Note: Be sure to plot from left to right and to plot between integers. For example, if the marginal cost of increasing production from 1 unit to 2 units is $5, then you would plot a point at (1.5, 5).)

Marginal RevenueMarginal Cost01234567109876543210Revenue and CostsQuantity

The marginal-revenue curve and the marginal-cost curve cross at a quantity   .

This firm   in a competitive industry, because marginal revenue is   as quantity increases.

True or False: The industry is in a long-run equilibrium.

True

False

What are some ways that companies can survive and manage an economic downturn? The textbook is silent on this scenario (Gamble, 2019, Chapter 6). What are some lessons that we can draw from our readings in Texas Monthly and Harvard Business Review?

Solomon, D. & Forbes, P. (2020, March 26). "Inside the Story of How H-E-B Planned for the Pandemic." Texas Monthly. Retrieved at www.texasmonthly.com

This Question has four parts:    

Explain the following

A. What are the three fundamental Questions in Economics

B. Equilibrium Price

C. Income effect

D. Mixed economy

Do you agree with the following arguments? Why?

a. Cambodia cannot find anything to export. There is no resource that is abundant—certainly not capital, and as a small country it is not even able to export labor-intensive good. Do you agree? Discuss.

b. Japanese labor productivity is roughly the same as that of the United States in the manufacturing sector (higher in some industries, lower in others), while the United States is considerably more productive in the service sector. But most services are nontraded. Some analysts argued that this poses a problem for the U.S. because its comparative advantage lies in things that cannot be sold on world markets.

5. How does short-run and long run profit affect the real world? Give examples.

The table below contains the Production Possibilities Frontier (PPF) data for Country ABC. It contains the maximum possible combinations of guns and butter that can be produced in a given period of time:

A. What is the opportunity cost of moving from producing 9 thousand units of guns to 14 thousand units of guns stated in terms of 1 unit of guns? ­­­­­­­­­­­­

B.  Explain in your words why Production Possibility Curve is Convex shape ?

C. Give three factors that shift the PPC to the right.

If the natural rate of unemployment equals 4 percent and the actual rate of unemployment equals 6 percent, then cyclical unemployment equals:

Multiple Choice

−2 percent.

10 percent.

2 percent.

6 percent.

Suppose the economy consists of a union and nonunion sector. The labor demand curve in each sector is given by L =1,000,000−20w. The total (economy wide) supply of labor is 1,000,000 (500K in each sector) and it does not depend upon the wage. All workers are equally skilled and equally suited for work in either sector.

(a) If a competitive labor market existed in each sector, how many would work in each sector? What would be the wage in each sector?

(b) Suppose now a monopoly union sets the wage at $30,000 in the union sector. What will be the wage in the nonunion sector? What is the union wage gap? What is the size of the deadweight loss resulting from the monopoly union?

4. The Costs of Production. Explain how fixed costs, variable costs, and the total costs affect people daily?

I. What would happen to the nominal interest rate and quantity of money when the Fed decides to buy bonds through open market operations (OMO)?  Answer this using at least 100 words.

II. What if the Fed lowers the discount rate? What would happen to the nominal interest rate and quantity of money? Answer this using at least 100 words.

Samsung  Electronics is  trying  to reduce  supply chain risk by making more responsible make-buy decisions through  improved  cost estimation.  A High-use component can be purchased for $25 per unit with delivery promised within a week. Alternatively, Samsung can make the component in-house and have it readily available at a cost of $5 per unit, if equipment costing $150,000 is purchased. Labor and other operating costs are estimated to be $35,000 per year over the study period of 5 years. Salvage  is estimated  at  10% of  first  cost and i = 12%  per  year. Determine the breakeven quantity