Questions
For each pair of goods, decide which would have greater price elastic demand: 1. Cheerios or...

For each pair of goods, decide which would have greater price elastic demand:

1. Cheerios or breakfast cereal?

2. Milk or soda?

3. Salt or rent for your house?

In: Economics

Answer in 7-10 sentences. What are the assumptions underlying the different growth models? How do these...

Answer in 7-10 sentences.

What are the assumptions underlying the different growth models? How do these assumptions lead to different policy prescriptions for promoting economic growth from the Harrod-Domar, Solow and endogenous growth models?

In: Economics

Please I need today answer for This question and it is very important and I need...

Please I need today answer for This question and it is very important and I need solution for this issue with all the details , and help me with all the details.Please write your answer to me by typing, not by handwriting, so that I can read and understand your answer clearly.

This is an essay question . Write no more than 2 pages (maximum). Only legible answers will be considered.

Question. State two features of the Swedish Fiscal framework and explain what they entail.

In: Economics

I only spend time hiking (H) and sleeping (S). For every hour I hike I need...

I only spend time hiking (H) and sleeping (S). For every hour I hike I need three hours of sleep or that time hiking gives me no pleasure. Extra sleep (additional to that) doesn’t make me any happier.

1) Graph 2+ indifference curves

2) Write an equation that could represent the utility function

3) For that utility function, what is the marginal utility for each good?

4) What is the MRS? Do these preferences represent diminishing MRS?

In: Economics

Adjustment Letter: Ben & Jerry’s In an exciting inside look, you see managers discussing six factors...

Adjustment Letter: Ben & Jerry’s

In an exciting inside look, you see managers discussing six factors that determine Ben & Jerry’s continuing success. Toward the end of the video, you hear staffers discuss a new packaging material made with unbleached paper. As a socially responsible company, Ben & Jerry’s wanted to move away from ice cream packages made from bleached papers. Bleaching requires chlorine, a substance that contains dioxin, which is known to cause cancer, genetic and reproductive defects, and learning disabilities. In producing paper pulp mills using chlorine are also adding to dioxin contamination of waterways. After much research, Ben & Jerry’s found a chlorine-free, unbleached paper board for its packages, That was the good news. The bad news is that the inside of the package is now brown.

Assume you have been hired at Ben & Jerry’s to help answer incoming letters. Although you are fairly new, your boss gives you a letter from an unhappy customer. This customer opened a pint of Ben & Jerry’s “World’s Best Vanilla” and then threw it out. After seeing the brown inner lid, he decided that his pint must have been used for chocolate before it was used for vanilla. Or, he said, “The entire pint has gone bad and somehow turned the sides brown.” Whatever the reason, he wasn’t’ taking any changes. He wanted his money back.

TASK: Write a letter that explains the brown carton, justifies the reason for using it, and retains the customer’s business.

In: Economics

The demand curve for Widgets is given by QD = 125 + 1.5y - 25p +...

The demand curve for Widgets is given by QD = 125 + 1.5y - 25p + 30pG, where QD is the quantity of widgets demanded, y is the per capita income and pG is the price of Gizmos. An increase in the price of Widget itself will cause Group of answer choices:

movement along the demand curve.

demand increases.

demand shifts right.

demand shifts left.

In: Economics

Suppose that a firm had a production function given by: q=L0.25K0.75. The wage rate (w) is...

Suppose that a firm had a production function given by: q=L0.25K0.75. The wage rate (w) is $10 and the rental rate (r) is $10. Calculate the amount of labor the firm would hire when it produces 300 units of output in a cost-minimizing way. (Round to the nearest 2 decimal places if necessary.)

When you simplify, show steps please. I'm very confused

In: Economics

At minimum, answer the following questions Administrative Services What are two Joint Commission (JC) standards for...

At minimum, answer the following questions Administrative Services

  1. What are two Joint Commission (JC) standards for this department?
  2. What quality controls would be used in this department to ensure accurate documentation?
  3. What are the legal implications of errors in the department?
  4. How does this department interact with HIM?

*FOR ADMINISTRATIVE SERVICES*

In: Economics

As a result of a decrease in his wage rates, Tom decides to reduce his working...

As a result of a decrease in his wage rates, Tom decides to reduce his working hours .
a) Assuming that he has only 15 hours per day to allocate between leisure and work, illustrate graphically how his overall welfare will be affected.
b) Using the life cycle model, briefly explain the impact on Tom's current and future consumption choices.

The question also refers to intertemporal choice.

In: Economics

Your textbook’s author speaks to the use of rich media ads. Which of those mentioned do...

  1. Your textbook’s author speaks to the use of rich media ads. Which of those mentioned do you feel is the most important when developing an Integrated Marketing Communications (IMC) strategy? Why?
    • In addition, as you are crafting an IMC strategy, include the two most important traditional (old) media tools that might also be utilized. Why?
  2. What issues are likely to affect the future of mobile advertising? Explain.

In: Economics

Distiniguish clearly between a household's initial asset position and the change in that position. If a...

Distiniguish clearly between a household's initial asset position and the change in that position. If a household has negative saving, is that household necessarily a borrower in the sense of having a negative position in bonds?

In: Economics

2015 Tax Rates Tax Rate Single Married Filing Jointly Ordinary Income Taxable Income over To Taxable...

2015 Tax Rates
Tax Rate Single Married Filing Jointly
Ordinary Income Taxable Income over To Taxable Income over To
10% $0 $9,225 $0 $18,450
15% 9,225 37,450 18,450 74,900
25% 37,450 90,750 74,900 151,200
28% 90,750 189,300 151,200 230,450

Instructions: Round your final answer and all intermediate calculations to the nearest whole number.

Use the tax table to compute the taxes of someone who has a spouse and three children, has income of $135,000, and takes the standard deduction. The standard deduction is $6,300 for a single person and $12,600 for a married couple. Exemptions are $4,000 for each person in the household.

Taxes =

In: Economics

summary about US and EU relation after Donald Trump ?

summary about US and EU relation after Donald Trump ?

In: Economics

A sales employee generates sales revenue of either $1250 or $750, each with equal probability. A...

A sales employee generates sales revenue of either $1250 or $750, each with equal probability. A manager is paying the sales employee 25% of sales revenue, and the sales person has a utility function u(x) = x0.5. What is the lowest fixed salary (ie., independent of sales outcome) the manager can pay the employee instead, so that the sales person is not worse off? (a.)$887 (b.)$667.7 (c.)$453.5 (d.)$246.1

In: Economics

why it is efficient to produce only some goods instead of producing all goods required by...

why it is efficient to produce only some goods instead of producing all goods required by consumers?

In: Economics