Question 3

3.1Explain what is meant by the term price elasticity of Supply

3.2 Use diagrams and examples explain the following three(3)Different categories of prices elasticity of Demand.

3.2.1. Unit elasticity demand

3.2.2.Relatively inelastic Demand (3marks)

3.2.3.Relatively elastic demand

3.3. list and explain an three(3)determinants of the price elasticity of demand

Question on Rubinstein Bargaining in Game Theory

Suppose players alternate in making offers until offer T ∈ N (N are Natural Numbers) is rejected, at which point the game ends with payoffs (0,0). Find the unique Subgame Perfect Equilibrium payoffs. Do they converge as T → ∞?

Question 2

1.with the diagrams differentiate between price ceiling and price floor as government intervention measures to market failure.

Support with references to the next above

2.use Diagram to explain how a so -called black market can develop when the government intervenes in the price mechanism by fixing prices

An industrial engineer is considering two assets to be purchased by a company. Asset A will have an initial cost of $90,000, an annual operating and maintenance cost of $32,000, and a $6,000 salvage value. Asset B will have a first cost of $135,000, an annual operating and maintenance cost of $25,000, and a $17,500 salvage value. Which one should be selected? Use a 15-year study period and an annual interest rate of 8%. Draw the cash flow diagrams. Always use factor notation.

1. Since government spending and planned investment are both fixed variables, what must be true of the aggregate expenditure function?
O A. The aggregate expenditure function is horizontal.
O B. The aggregate expenditure function is below and parallel to the consumption function.
O C. The aggregate expenditure function is above and parallel to the consumption function.
O D. The aggregate expenditure function is flatter than the consumption function and intersects it at the equilibrium output level.

2. Expansionary fiscal policy is used by the government to
A. create new jobs in the economy.
B. reduce the national debt.
C. reduce the budget deficit.
D. control inflation.

3. When government spending increases by $1, planned expenditures increase by $1
O A. and the equilibrium level of income will increase by $1.
O B. times the spending multiplier and the equilibrium level of income will increase by $1.
O C. and the equilibrium level of income will increase by $1 times the spending multiplier.
O D. and the equilibrium level of income will increase by less than $1.

4. When taxes are cut by $1, planned expenditures
O A. increase by $1 and the equilibrium level of income will increase by $1 times the tax multiplier.
O B. increase by less than $1 and the equilibrium level of income will increase by $1 times the tax
multiplier.
O C. increase by $1 and the equilibrium level of income will increase by $1 times the spending
multiplier.
O D. decrease by $1 and the equilibrium level of income will decrease by $1 times the tax multiplier.

4. Consider the following information on aggregate income, consumption expenditure, and planned investment for a country:

Aggregate Output/Income Consumption Planned Investment

  
$10,700 $10,280 $500   
10,900 10,460 500
11,100 10,640 500   
11,300 10,820 500   
11,500 11,000 500
11,700 11,180   500   
11,900 11,360 500

  
12,100 11,540   500   
When aggregate income is $11,100,
O A. saving is $40 and unplanned investment (inventory change) is - $40.
O B. saving is $460 and unplanned investment (inventory change) is - $40.
O C. saving is - $460 and unplanned investment (inventory change) is $500.
O D. saving is - $40 and unplanned investment (inventory change) is $500.
The equilibrium level of output/income is $ . (Enter your response as an integer.)
Based on the information above, calculate the MPC and MPS.
MPC = . (Round your response to two decimal places.)
MPS = . (Round your response to two decimal places.)
The investment multiplier is . (Enter your response as an integer.)
Suppose there is no change in the level of the MPC and the MPS and planned investment jumps by $200. Calculate
the change in the equilibrium value of income/output.
The change in equilibrium income/output is $ . (Enter your response as an integer.)

What would happen to P and Y in the short run in the AS-AS model where AD is based on IS-LM if the Fed buys a large quantity of bonds?

The Summary of Current Event that related to International Business Economy ( 1-2 pages)

Jaime owes Eddie $12,000 at the end of 3 years and $18,000 due  at the end of 7 years with accumulated interest from today at 10% compounded quarterly. Jaime decided to settle his obligations by making a payment of $8,000 at the end of year 1, $5,000 at the end of year 5 and another payment at the end of year 9. if they agree that money is worth 14% compounded semi-annually, find the size of the payment at the end of 9 years?

Q5. You are a theater owner fortunate to book a summer box office hit into your single theater. You are now planning the length of its run. Your share of the film’s projected box office is

R = 10 W -0.25 (W)^2, where R is in thousands of dollars and W is the number of weeks that the movie runs. The average operating cost of your theater is AC =MC = $5 thousand per week.

1. To maximize your profit, how many weeks should the movie run? What is your profit?

You realize that your typical movie makes an average operating profit of $1.5 thousand per week. How does this fact affect your decision in part a above if at all?

create a profile of its risk management strategy of a company. Select from the following topics to address in your profile.

How does the firm think about risk?

What types of risks does the firm attempt to hedge?

Which of the tools (forward contracts, futures, swaps, options) does the firm uses?

Is the firm's board of directors involved in enterprise risk management?

Does the firm have a chief risk officer (CRO)?

minimum 400 words

How does an increase in the marginal propensity to consume affect the consumption function? What happens to the equilibrium output? Illustrate your answer with a graph.

1-what is the 5 demographic process in Japan and give example of each one ?

2-what is the demographic cycle of Japan and give example for each one ?

granny was interested last month when you explained real gdp to her at dinner .she has been doing some googling on the internet and has been reading that lots of people think real gdp is a flawed major of economics.she ask you ,"can we use gdp to measure anything useful economically?" give her a brief evolution (pros and cons ) of the economic usefulness of gdp.

Discuss the difference in calculating GDP using the expenditure approach and income approach. Be specific; do not just write the formula