Questions
A small school has 100 students. You have been commissioned school photographer. 1. You have been...

A small school has 100 students. You have been commissioned school photographer.

1. You have been offered to photograph a model action shot for a salary of $100 on the same day as the school photos are scheduled. You can’t do both. What is the limited resource, and as what kind of cost do you consider the missed salary of this photoshoot?

2. Without calculating, do you think parents’ price elasticity of demand for photos of their children is generally speaking price-elastic or price-inelastic (or neither/both)? Give your reason.

3. Since you are the only commissioned school photographer, you are a monopolist for this job. Suppose that you want to charge a uniform price per copy (i.e. be a single-price monopolist). From experience, you know that parents’ demand for copies of each child’s photograph is as given in the table below. Your marginal cost is constant at $2.00 per copy.

Price ($/copy)

Quantity demanded per child

10

1

8

2

6

3

4

4

2

5

1

6

a. How much will you charge to maximise your profit? How many copies per child will you sell? Include the steps of your calculations.

b. What is your profit from this job? Show your calculations.

c. How much is the parents’ consumer surplus? Show your calculations.

need the answers immediately!

In: Economics

a. Explain with a graph the effect of a government budget deficit in market for foreign-currency...

a. Explain with a graph the effect of a government budget deficit in market for foreign-currency exchange!

b. Explain with a graph the effects when government imposes import quota on imported goods in market for market for foreign currency exchange!

c. Explain with a graph the effect of capital flight in a country!

In: Economics

Question 3: In the light of Purchasing-Power Parity theory explain how inflation rate a county affects...

Question 3: In the light of Purchasing-Power Parity theory explain how inflation rate a county affects its nominal exchange rate?

Question 4: Explain why and how net exports and net capital flow are related to each other. Does trade deficit necessarily create trouble for a county’s economic growth? Discuss.

In: Economics

Explain why and how net exports and net capital flow are related to each other. Does...

Explain why and how net exports and net capital flow are related to each other. Does trade deficit necessarily create trouble for a county’s economic growth? Discuss.

In: Economics

Question 1: Elaborate with an example that how commercial banks create money under fractional-reserve banking. Elaborate...

Question 1: Elaborate with an example that how commercial banks create money under fractional-reserve banking. Elaborate the tools used by Central bank of a country to increase and decrease the money supply.

Question 2: Based on the material of the chapter “ money growth and inflation” of your text book explain how inflation starts in an economy? Why multinational companies feel unsafe to invest in those countries that have high inflation rate? Write your answer the light of your text book materials.

In: Economics

Based on the material of the chapter “ money growth and inflation” of your text book...

Based on the material of the chapter “ money growth and inflation” of your text book explain how inflation starts in an economy? Why multinational companies feel unsafe to invest in those countries that have high inflation rate? Write your answer the light of your text book materials

In: Economics

Derive and explain the key features of the flexible price monetary model. What, in your opinion,...

Derive and explain the key features of the flexible price monetary model. What, in your opinion, are its strengths and weaknesses?

In: Economics

1. Explain the two concepts of absolute and relative purchasing power parity. Do you believe that...

1. Explain the two concepts of absolute and relative purchasing power parity. Do you believe that either absolute and/or relative PPP hold?

2. Why does the carry trade offer such attractive returns?

In: Economics

What are the determinants of demand for labor and supply of labor? How is the equilibrium...

What are the determinants of demand for labor and supply of labor? How is the equilibrium wage rate determined in a labor market? Why a janitor gets lower wage than a heart surgeon? Why wage rates of all types of labor are lower in India and Pakistan than Saudi Arabia?

In: Economics

Can we forecast exchange rates? Justify your answer with empirical evidence.

Can we forecast exchange rates? Justify your answer with empirical evidence.

In: Economics

Discuss the key factors that need to be considered when choosing the appropriate exchange rate regime...

Discuss the key factors that need to be considered when choosing the appropriate exchange rate regime for a currency. Give examples of at least four different regimes chosen by countries and justify why that regime was chosen. [HINT: choose examples from the full range between fully fixed and fully floating exchange rates]

In: Economics

2. a. The founder &samhoud has practiced entrepreneurial leadership, do you agree or not? Please provide...

2. a. The founder &samhoud has practiced entrepreneurial leadership, do you agree or not? Please provide the answer in detail

b. What do you think that make Samhoud so successful in leading his company?

In: Economics

Explain why and how net exports and net capital flow are related to each other. Does...

Explain why and how net exports and net capital flow are related to each other. Does trade deficit necessarily create trouble for a county’s economic growth? Discuss.

In: Economics

I need an answer to all three questions, please. Q1: Which of the following was not...

I need an answer to all three questions, please.

Q1: Which of the following was not a policy response to the Economic crisis associated with the COVID-19 Crisis?

Select one:

a. The Fed lowered the policy rate by roughly 1.5 percentage points to nearly zero.

b. The U.S. Congress passed a roughly $3 Trillion economic stimulus package.

c. The Commonwealth of Massachusetts relaxed the balanced budget rule in the State Constitution.

d. The Fed introduced facilities to keep markets liquid by buying assets other than US Treasury Bills.

e. The U.S. Congress increased the amount and the availability of unemployment insurance benefits.

Q2: Consider a typical Mexican corn farmer. In 1993, she farms a small 4-acre plot and sells corn mostly to people in her home state of Oaxaca and across Mexico. After the signing of NAFTA in 1994, which statement most accurately reflects her situation:

Select one:

a. Business boomed, as she began to sell corn not only to customers in Mexico but to customers from the United States and Canada. She expanded her acreage.

b. Although she sold corn to more people after 1994, the business stayed largely the same as United States farmers also sold their corn to Mexico.

c. Cheaper corn flooded into Oaxaca from the United States’ Midwest, and Oaxacans and other Mexicans now purchased lots of corn from the US. No longer able to compete, she had to stop farming corn.

d. It became more profitable to rent her land out to people on AirBnB who wanted to engage in maize-based agritourism.

Q3: During a recessionary crisis, one tool in the Keynesian toolbox is fiscal policy. Some economists advocate for targeting stimulus (either increasing government spending [G] and/or decreasing taxes [T]) towards individuals with incomes on the lower half of the income distribution. They argue that:

Select one:

a. Poorer people have a higher marginal propensity to consume (MPC), and thus increase the overall multiplier and the effectiveness of fiscal policy.  

b. Poorer people will engage in stock buybacks, and increase the value of domestic companies.

c. People will work harder if they are the recipients of government stimulus.

d. No economists actually argue for targeting stimulus towards individuals on the lower half of the income distribution

In: Economics

1. a.How do you perceive the practice of corporate entrepreneurship in SAMHOUD company above ? Please...

1. a.How do you perceive the practice of corporate entrepreneurship in SAMHOUD company above ? Please explain in detail

b. How does this company encourage innovation among the employees?Please explain in detail

In: Economics