1. Which of the following statement is true?
A. AVC = TC/Q
B. MC equals the change in ATC divided by the change in Q.
C. TFC = TC- TVC
D. TC = TFC- TVC
2. If the marginal cost o the 5,000 unit is $0.06 an the average
total cost of the 5,000 unit is $0.10;
A. Average variable cost is falling
B. Average total cost is falling
C. Total cost I falling
D. Average fixed cost is rising
3. If the marginal cost of the 10th unit o output is $15 and the
average total cost o the 10th unit of output is $15,
A. Average total cost is increasing at 10 units of output
B. Average total cost is decreasing at 10 units of output
C. Average total cost is minimized at 10 unit of output
D. Average total cost is maximized at 10 units o output
4. Implicit cost are:
A. The opportunity cost of using resources owned by the
entrepreneur in his/her own business.
B. Those payments the business owner makes in cash
C. Payments the business owner must make on borrowed founds
D. Cost which vary as the level of output varies
In: Economics
explain weak sustainability and strong sustainability and how each determines whether society is being sustainable. Next, explain what types of policies would be advocated for from each position and provide some examples of actual policies that have been implemented. Finally, take a position regarding one of these and argue why it is a better conception of sustainability.
i think weak sustainability has something to do with being able to substitute natural capital with i think it was constructed capital? I think strong sustainability is the opposite where they reject the idea that constructed capital can substitute natural capital. I am a little unclear on what the question is trying to say on whether society is being stable? If someone can help break down the question a little more (if that is possible) I think that would really help me getting started. thanks in advance.
In: Economics
Appraise in today’s world of trade and non-trade concerns, why issues in health, environment and safety (HES) and sanitary and phytosanitary (SPS) standards are rising again. Is China in particular, emerging as a challenge to the US after displacing Japan by GDP size contributory to this new international economic development?
In: Economics
In: Economics
Business Law Question True or False
1. An NPDES permit is issued only with only EPA approval.
a. True b. False
2. Negligence is available as a tort remedy only when the breach of duty is a statutory violation.
a. True b. False
3. Some of the most active pirates are from Cuba .
a . True b. False
4. Most insurers now include an exclusion policy on CERCLA exposure, but coverage is available as a policy rider.
A. True b. False
5. One state can impose a tax on a corporation's property if the corporation does any business in the state.
a. True b. False
6. Corporate political speech enjoys less First Amendment protection than individual political speech.
a. True b. False
7. An agency's withdrawal of a rule without factual support for its need for withdrawal has acted arbitrarily and capriciously
a .True b. False
8. Comparative negligence reduces the plaintiff's recovery.
a. True b . False
9. Speeding is a breach of duty for negligence purposes.
a.True b. False
10. The act of state doctrine precludes outside interference in expropriation.
a. True b. False
11. In the Parable of the Sadhu, the hikers are certain the religious pilgrim survived .
a . True b. False
In: Economics
6. Mosley (2000) article provides an important insight into the politics of international finance. Answer the following questions:
- What is it?
- How does it fit into two broader debates about globalization?
In: Economics
Incorporating COVID-19 pandemic into the AS/AD model
Q. How can we think of the COVID-19 shock(s) in the AS/AD framework?
Explain the intuition and show your arguments in a diagram
In: Economics
Scammers Inc. has developed a new Immune Booster drink (IB) as well as a “cure” for Covid-19 based on Colloidal Silver (CS). As the product manager for the firm, you are responsible for setting the pricing policy for the new products. You are considering a bundled package that includes both products, and you assume the marginal cost of production is zero for planning purposes. You have identified four basic types of customers who may buy these new products, and their reservation prices for the two new products are provided in the following table:
Type |
Immune Booster (IB) |
Colloidal Silver (CS) |
A |
$5 |
$18 |
B |
$8 |
$11 |
C |
$10 |
$9 |
D |
$14 |
$3 |
Suppose you sell the two products separately, and each buyer is expected to purchase one unit of the product per week. Which prices for IB and CS maximize weekly revenue? What is the weekly revenue equal to?
If you offer the two products under a pure bundling strategy, what is the revenue maximizing bundle price? What is the weekly sales revenue from the pure bundling scheme?
What are your firm’s profits if you charge $19 for a bundle containing one unit of IB and one unit of CS but also sell the products separately at a price of $14 for IB and $18 for CS?
In: Economics
Can someone come up with 50 multiple choice questions and 4 options for each of them? Furthermore, each answer should have an explanation (to understand mistake). Field: Microeconomics and Macroeconomics. Topic 10 Principles of Economics: People Face Tradeoffs, The Cost of Something is What You Give Up to Get It, Rational People Think at the Margin, People Respond to Incentives, Trade Can Make Everyone Better Off, Markets Are Usually a Good Way to Organize Economic Activity, Governments Can Sometimes Improve Economic Outcomes, The Standard of Living Depends on a Country's Production, Prices Rise When the Government Prints Too Much Money, Society Faces a Short-Run Tradeoff Between Inflation and Unemployment. Level of difficulty: medium-difficult. Please do not plagiarise or copy from other sources, it should be original.
In: Economics
4. Assume that Canada and Haiti, and the U.S. and Haiti, have similar voting patterns in the U.N. General Assembly. According to Adhikari (2019), what impact is this expected to have on the amount of foreign aid that Canada and the U.S. send to Haiti? (2.5 points)
In: Economics
Why doesn’t Milner and Kubota’s (2005) argument about trade liberalization in developing countries apply to developed countries? (2.5 points).
In: Economics
The Civilian Conservation Corps and the Public Works Administration were
a. socialist experiments to reallocate property and resources in the American economy.
b. government agencies whose employees were illegally ordered to support the Democratic Party.
c. New Deal initiatives that were struck down by the Supreme Court as unconstitutional.
d. New Deal programs that provided jobs for unemployed individuals.
One long-lasting effect of New Deal legislation was to
a. sharpen the distinction between liberals and conservatives over the role and responsibilities of government.
b. prove that government could end a depression and otherwise control the direction of the economy if it chose to.
c. reinforce the popular view that politicians and government officials could not be trusted.
d. undermine the drive for equality for women and the members of minority communities in American society.
In: Economics
Consider a market that is served by a single producer. Suppose you are told that the producer has the following cost curves where TC is total cost measured in dollars, Q is the quantity, and P is the price of Q in dollars: Total Cost: TC = Q 2 Marginal Cost: MC = 2 Q Suppose you also know that the market demand curve is given by the following equation: Market Demand: Q = 96 – P
1. Determine the price and quantity that maximize the producer profit. Explain the steps of your answer. (2 points)
2. Calculate the level of profit in the short- run for this producer. (2 points)
3. Is there any deadweight loss (DWL) that results from this market? If your answer is “yes”, compute this DWL and provide a graph that is well labeled to illustrate your answer. (2 points)
4. Is there any way to regulate this market in order to achieve productive efficient in long run? Explain. (2 points) Hint: Answer shouldn’t exceed two lines.
5. Is there any way to regulate this market so that the market output is equal to 60 units? Explain. (2 points) Hint: Answer shouldn’t exceed two lines.
In: Economics
Suppose that the demand curve of a good is vertical over a given range of prices. Draw the corresponding indifference curves and budget lines (assume the indifference curves of this good meets the four assumptions of preference, and the budget line is linear). Is this good a normal good? (Hint: draw the diagram of the process of getting a demand curve, figure out what substitution effect and income effect should be, and whether income effect is positive or negative.)
PLEASE ATTACH GRAPHS!
In: Economics
Incorporating COVID-19 pandemic into the AS/AD model
Q. What are the optimal policy responses to the pandemic shocks (what would you do as a policymaker)?
Show monetary and fiscal policy responses in a new diagram, and discuss other relevant policies
(focus on macroeconomic and microeconomic policies, do not go into health and social policies although they are also important).
In: Economics