You are a hotel manager and you are considering four projects that yield different payoffs, depending upon whether there is an economic boom or a recession. The potential payoffs and corresponding payoffs are summarized in the following table. Project Boom (50%) Recession (50%) A $20 -$10 B -$10 $20 C $30 -$30 D $50 $50 If a manager adopted both project A and B simultaneously, the variance in returns associated with this joint project would be:
In: Economics
QUESTION 1
A tax on the buyers of smart watches encourages
a. sellers to supply a smaller
quantity at every price.
b. sellers to supply a larger quantity at
every price.
c. buyers to demand a larger quantity at
every price.
d. buyers to demand a smaller quantity at
every price.
QUESTION 2
Suppose that the demand for picture frames is highly inelastic,
and the supply of picture frames is highly elastic. A tax of $1 per
frame levied on picture frames will increase the price paid by
buyers of picture frames by
a. less than $0.50.
b. $1.
c. $0.50.
d. between $0.50 and $1.
QUESTION 3
Which of the following statements is correct?
a. A tax levied on sellers always
will be passed on completely to buyers.
b. Who bears the burden of a tax depends
on the price elasticities of supply and demand.
c. Government can decide who ultimately
pays a tax.
d. A tax levied on buyers will never be
partially paid by sellers.
In: Economics
In: Economics
Explain how to motivate managers with profit-sharing based on practical examples?
In: Economics
(American Government)
Is it always appropriate for the U.S. to become involved in international affairs? Why or why not?
In: Economics
How is the Law Implementation of Objects on Intellectual Property? please explain!
In: Economics
How has COVID-19 affected the growth of the United States Health Economy?
In: Economics
Please use the economics knowledge you have learned so far to analyze the case below. You can propose your own questions and then answer them. Remember, there is no absolutely correct answer to this exercise. Its purpose is to provide you an opportunity to demonstrate your ability to think like an economist by applying economic principles to interpret the logic of a real-world phenomenon.
Will Economic Reforms in Mexico Boost Economic Growth?
More than 18,000 U.S. companies, including Fortune 500 firms, have operations in Mexico. Proximity is to the United States is an advantage of doing business in Mexico but investing in Mexico is risky because of the presence of crime and corruption. The Mexican government has failed to fully establish the rule of law, which is critical for the long-term prospects of the Mexican economy. Mexican entrepreneurs also suffer from problems in the banking industry that make it difficult to obtain the funding needed to finance expansion
In: Economics
* write a report that STYLIZED FACTS between U.S. MONETARY POLICY AND GCC COUNTRIES banks
In: Economics
The Economic Growth Model's Prediction of Catch-Up
The economic growth model makes predictions about an economy's initial level of real GDP per capita relative to other economies and how fast the economy will grow in the future.
a. Consider the statistics in the following table. Are these statistics consistent with the economic growth model? Briefly explain.
|
Country |
Real GDP per Capita, 1960 (2005 dollars) |
Annual Growth in Real GDP per Capita, 1960-2011 |
|
Taiwan |
$1,861 |
5.81% |
|
Panama |
2,120 |
3.50% |
|
Brazil |
2,483 |
2.73% |
|
Costa Rica |
4,920 |
1.42% |
|
Venezuela |
7,015 |
0.91% |
b. Now consider the statistics in the following table. Are these statistics consistent with the economic growth model? Briefly explain.
|
Country |
Real GDP per Capita, 1960 (2005 dollars) |
Annual Growth in Real GDP per Capita, 1960-2011 |
|
Japan |
$5,586 |
3.39% |
|
Belgium |
10,132 |
2.50% |
|
United Kingdom |
11,204 |
2.10% |
|
Australia |
15,255 |
1.85% |
c. Construct a new table that lists all nine countries, from the lowest real GDP per capita in 1960 to the highest, along with their growth rates. Are the statistics in your new table consistent with the economic growth model?
In: Economics
In order to start this coffee business, the Manager took a 300K loan from the bank. He/she will have to pay 10K monthly for three years.
a-Calculate the effective interest rate (per year).
b-If the coffee business makes a Revenue=19K/month and has an operational cost of 12K/Month, Calculate the PW if the study period is 5 years and the MARR is equal to 1.5% per month. Solve by Hand Please
In: Economics
write a report why spillovers from U.S. monetary policy to non-oil GDP growth in the GCC countries depends on the level of oil prices.
clarify
In: Economics
In order to improve the financial Situation of Thoughts, the Manager looked into expansion plans and decided to offer caterings for events. For the catering business, the manager is offering his customers a selling price p that depends on demand, where p= 9 - 0.02*D.
a- Calculate the Quantity that Maximises Revenue.
b- Calculate the Quantity that Maximises Profit (Refer to problem 1 for costs).
Problem 1 Costs:
Rental $80 per day
Coffee beans $5 per Coffee Cup
Sugar $0.3 per Coffee Cup
Flavors $ 0.5 per Coffee Cup
Filtered water $0.2 per Coffee Cup
Labor $30 per day
c- Calculate the Breakeven point(s).
No Ready-to use Formula should be used in this Problem, show your iterations. Ready-to-use formulas and Calculator-derived results will NOT be accepted
In: Economics
WHAT ARE THE BEST 10 PENNY STOCKS TO BUY RIGHT NOW? and why
In: Economics
Is it good for an economy to experience sudden inflation or deflation? Explain with relevant examples.
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