4. The Costs of Production. Explain how fixed costs, variable costs, and the total costs affect people daily?
In: Economics
In: Economics
I. What would happen to the nominal interest rate and quantity of money when the Fed decides to buy bonds through open market operations (OMO)? Answer this using at least 100 words.
II. What if the Fed lowers the discount rate? What would happen to the nominal interest rate and quantity of money? Answer this using at least 100 words.
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Samsung Electronics is trying to reduce supply chain risk by making more responsible make-buy decisions through improved cost estimation. A High-use component can be purchased for $25 per unit with delivery promised within a week. Alternatively, Samsung can make the component in-house and have it readily available at a cost of $5 per unit, if equipment costing $150,000 is purchased. Labor and other operating costs are estimated to be $35,000 per year over the study period of 5 years. Salvage is estimated at 10% of first cost and i = 12% per year. Determine the breakeven quantity
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If you are a startup and need a co-working space, how would you evaluate make your choice between IWG(Regus) and WeWork? explain as much and as clearly as possible
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What is the effect of recent pandemic crisis on real rental rate of capital? Explain
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The UQ Union has permitted two florists (Lucy and John) to set up stalls on Market Day. If paid $24 for a bouquet, Lucy is willing to provide 27 bouquets and John is only willing to provide 18. At $14 a bouquet, Lucy is only willing to provide 13 bouquets and John will only provide 9. Which of the following statements are true:
a) The quantity supplied will fall to zero on non-market days at UQ.
b) Lucy's individual quantity supplied will rise when the price falls as more consumers will demand bouquets.
c) The market quantity supplied at UQ on Market Day is 40 when the price is $14 a bouquet.
d) Lucy's individual quantity supplied will increase when the price rises, due to more consumers demanding bouquets.
In: Economics
1. The argument based on absolute advantage that free trade between countries is always beneficial for both participating countries is flawed. Explain.
2. Mention two important external shocks that potentially triggered Latin American sovereign debt crisis and the lost decade. Provide some context.
3. What is a common view (seen in class) of contemporary economists on ISI strategies? In particular, what are their views on the initial implementation and on the permanence of the ISI policies?
4. What was the main incentive for multinationals to operate in Latin America during the period of ISI policies? How is the country size related to such an incentive?
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Discuss the mechanisms through which monetary policy affects stock prices and aggregate demand. Please be specific about the channels/theories.
In: Economics
In: Economics
“ COVID-19 (Coronavirus disease 2019) Impact on Economy ”
Assume the economy of country A is in a long -run equilibrium with full employment. The nominal wage of workers are fixed in the short run.
a)Draw a graph which shows the short-run aggregate supply, long-run aggregate supply, and aggregate demand. Describe the equilibrium point and show each of the following:
i)Equilibrium output, labelled Y1
ii)Equilibrium price level, labelled P1.
b)Owing to the outbreak of COVID19 (Coronavirus disease 2019), the export market of country A has decreased. On your graph in part a), describe in details on the effect of lower export on the equilibrium in the short run, labelling the new equilibrium output and price level Y2 and P2, respectively.
c)Based on your result in part b), what is the impact of lower export on real wages in the short run? Explain.
d)Show, with a new graph,how the economy will return to its new equilibrium in the long run if the government does not intervene. Explain.
e)Suppose the government decides to increase expenditure on new equipment.(i)What component of aggregate demand will change?Explain.(ii)What is the impact on the long-run aggregate supply? Explain.
The total word count of all questions should be 500 words .
Please help !!!
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What is the effects of high trading activities to the economy in Singapore 2018 ? Support your answer with statistics and evidence.
at least 2 effects
In: Economics
2. Suppose that Person B has 16 hours a day available to work for pay or do unpaid activities. This person's wage rate is $10/hr. Person B obtains the highest level of utility by working 5 hours/day (remotely). Today, Person B was told that she will begin receiving $20/day in unearned income, say from interest on a savings account.
a. (5 points) Draw a fully-labeled graph to illustrate the shape of indifference curves that could lead Person B to quit working upon receiving the $20/day of unearned income. Explain what kind of real-life circumstances might be such that the person would be better off by quitting work.
b. (5 points) On the same graph above, illustrate Person B's reservation wage after receiving the unearned income. There is not a numerical value that you can calculate for this question, just draw what is needed on the graph and describe in words how the reservation wage is determined and what the reservation wage represents.
c. (10 points) On a second, fully-labeled graph illustrate a case where Person B will continue to work after receiving the unearned income. Do they work more or less than they were before? Explain.
In: Economics
Show graphically and explain why neo-Malthusians believe that economies will devolve to low growth equilibria.
In: Economics