Questions
Write your response in the text box. If graph is required, attach image or scan of...

Write your response in the text box. If graph is required, attach image or scan of your graph using the "v" like icon in the text response box, or use the embed image icon to attach your photo/scan of your graph. Answer each prompt in one paragraph/bullet format (where asked to "list")

QUESTION: Prescription drug prices in the United States are often substantially higher than in Canada, the United Kingdom and in India. Today, pharmacies in these countries fill millions of low-cost prescriptions through the mail to U.S. citizens. Given that the pharmaceutical industry cannot prevent the resale of these drugs,

A) are the industry’s effort to price-discriminate useless? Explain your answer

B) GRAPH the condition(s) of price-discrimination in this market structure. Remember to label curves and attach your graph to this response box or use the prompts below to attach your graph - submit graph

In: Economics

Consider an economy that has a small number of large supermarkets and high barriers to entry...

  1. Consider an economy that has a small number of large supermarkets and high barriers to entry to the supermarket industry. What type of market structure best describes this situation? Explain why.

  1. What type of market structure would occur if the supermarkets combined into just one very large supermarket? What affect do you think this would have on prices and supermarket profits?

The following table reports key macroeconomic data for a particular economy.

Macroeconomic Data: 2019

Item

Amount (millions of US dollars)

Household Consumption

896.2

Investment

416.7

Government Consumption

273.6

Government Investment

13.6

Exports

301.2

Imports

265.9

  1. Using the data in the table, calculate the value of GDP for 2019. (3 marks)

  1. If the population of this country is 30 million, what is GDP per capita for this economy?

Explain what this measures.

In: Economics

Briefly explain the terms authority and legitimacy. How are the two concepts related?

Briefly explain the terms authority and legitimacy. How are the two concepts related?

In: Economics

The Coca-Cola Company is an American multinational corporation, and manufacturer, retailer, and marketer of non-alcoholic beverage...

The Coca-Cola Company is an American multinational corporation, and manufacturer, retailer, and marketer of non-alcoholic beverage concentrates and syrups. The company is best known for its flagship product Coca-Cola, invented in 1886 by pharmacist John Stith Pemberton in Atlanta, Georgia. In Ghana, the company was formed from a divestiture of Bottling Division of G.N.T.C in March 1995 and started operations on March 7, 1995 at the GNTC plant at Adjabeng. The new premises sited off the Spintex Road, was commissioned in 1996. Since the divestiture, the Company has invested over US$90 million in vehicles, glass bottles, plastic bottles, plastic crates, production and marketing equipment. In 2019, the company contracted an economist who estimated the demand function for the company’s product (Coca-Cola) using data from 28 supermarket as follows:
?= +0.5?−24=0
where P is the price per bottle and ?= is the quantity demanded. In addition, the economist also
estimated the supply function for product as follows.
4?> − 3? + 4 = 0
where P is the price per bottle and ?> is the quantity supplied. As the consultant of this
company, you are to use this information to:
(i) Determine the equilibrium level of price and quantity 1 marks (ii) Represent your answer graphically by sketching the demand and supply curves.
2 marks (iii) Determine the welfare of economic agents using integration 3 marks (iv) Supposethegovernmentimposesataxof¢4oneverybottlesold,determinethenew
equilibrium price and quantity 3 marks (v) Howwilltheconsumersandproducerssharethetaxperunit? 1mark

In: Economics

please discuss the role of technology in efficient utilization of these exhaustible resources which you might...

please discuss the role of technology in efficient utilization of these exhaustible resources which you might have come across in your own work experience. You could also discuss instances of firms taking steps to adopt renewable natural resources to cut down their reliance on exhaustible resources.

In: Economics

Now, assume that the Fed has identified a recessionary gap.  What type of monetary policy would you...

  1. Now, assume that the Fed has identified a recessionary gap.  What type of monetary policy would you recommend? Be specific as to the three tools that the Fed could use to implement this policy.

In: Economics

Suppose that the federal government has identified a recessionary gap of $250 billion. If they decide...

  1. Suppose that the federal government has identified a recessionary gap of $250 billion. If they decide to use fiscal policy, what type of fiscal policy should they adopt? Calculate both of their options (and be specific about direction) considering that the MPC = 0.75.

In: Economics

1.The United States still participates in the gold standard since it eliminates exchange rate risk between...

1.The United States still participates in the gold standard since it eliminates exchange rate risk between the dollar and other foreign currencies.

True or False

2.The peso appreciated by 4% from the Eurozone point of view. What is the percentage appreciation/depreciation of the euro from the Mexican point of view? Enter your answer in decimal format and round any intermediate steps and for final answer to four decimals (EX: .XXXX).

In: Economics

Suppose the federal government increases taxes by $750 million. By how much should GDP change if...

Suppose the federal government increases taxes by $750 million. By how much should GDP change if the MPC = 0.90? Use an AS/AD model to show this impact on the economy.

In: Economics

TURKISH ECONOMY Explain the significance of the 2001 crisis according to Öniş.

TURKISH ECONOMY

Explain the significance of the 2001 crisis according to Öniş.

In: Economics

Use the following information to work Problems (a) and (b). Show all your workings. Sara’s income...

Use the following information to work Problems (a) and (b). Show all your workings.

Sara’s income is $12 a week. The price of popcorn rises from $3 to $6 a bag, and the price of smoothie is unchanged at $3.

a ) How does the rise in the price of popcorn affect the relative price of a smoothie in terms of popcorn? What is the slope of Sara’s new budget line if it is drawn with smoothies on the X-axis?

In: Economics

Do you think economic inequality explicitly or implicitly supports sexism and racism? If not, why not?...

Do you think economic inequality explicitly or implicitly supports sexism and racism? If not, why not? If yes, why? Discuss

In: Economics

QD= 8000-2PX+0.4I+2PY-4PZ A - What are the intercepts and slope of your demand curve? price intercept...

QD= 8000-2PX+0.4I+2PY-4PZ

A - What are the intercepts and slope of your demand curve? price intercept and the quantity intercept and the slope

B - the price of good X is $100, what is the quantity demanded?

C - Now suppose the price of good Y rises to $150. What would happen to your demand curve? What are the price intercept, quantity intercept and slope?

In: Economics

Select two countries (excluding the United States) and prepare a short report describing their basic Internet...

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

write what you think are the key components of the culture in the United States that...

write what you think are the key components of the culture in the United States that someone visiting from another country for business should be aware of.

In: Economics