1. suppy curve PQ=4
(1) P=4, Q=?, TR=?, the price elascity=?
(2) P=3 Q=?, TR=?, the prics elascity=?
2. suppy curve P=4/root(Q)
(1) P=4, Q=?, TR=? The price elascity=?
(2) P=3 Q=?, TR=? The price elascity=?
I want detailed explanation, thank you very much??
In: Economics
a. “Industrialised countries such as the United States of America, Germany, France and the United Kingdom dominate world trade.” Can you relate this statement with one of the recent theories/models of international trade which predicts that more trade will take place between similar countries? What assumptions of the factor proportions model does this theory violate? Explain your answers.
In: Economics
In the The honor killing
of Shafia Family, plz analysis the costs: monetary, psychic, time,
expected punishment(use ur own word ,type for me,thank u)
In: Economics
Im struggling to understand this essay prompt for a 5 page paper.
Much of the third section of the course has focused on uneven development as “the spatially and temporally uneven processes and outcomes (socioeconomic and physical) that are characteristic of, and functional to, capitalism.” Drawing on the course materials, please explain how scholars have
In: Economics
In: Economics
Part 1
Calculate the missing values in the table below. Then answer the questions that follow it. GDP are in billions of dollars and the Consumer Price Index (CPI) is a percentage. CPI for 2001 is 98.6
Year Nominal GDP CPI RealGDP ri
2002 $10,469.58 Billion 100.0
2003 $10,971.34 Billion 102.3
2004 $11,734.30 Billion 105.0
2005 $12,601.00 Billion 108.6
All figures must be calculated to 2 decimal places and in the correct formats on a separate paper. You must show your work for all calculations in order to receive credit for the problem. DO NOT FILL IN THE TABLE. WORK PROBLEMS ON SEPARATE PAPER AND PRODUCE ANSWERS THERE!
a. Has there been any span of years, IN ONE YEAR INCREMENTS, within the table over which nominal GDP changed in one direction, but real GDP changed in the opposite direction? (Examples of what a span of years is, that are not included in this table would be 1990-1991 or 1996-1997.) Explain why or why not.
b. Has there been inflation over each span of years in the table? Explain why or why not.
Part 2
Exchange rate sample problems:
STARTING RATE LATER AFTER TIME HAS PASSED
a. Rate I: USD $1.54 = GBP £1.00 Rate II: USD $1.39 = GBP £1.00 PJeans (US Export) = USD $35.00 PSuit (UK Export) = £180.00
b. Rate I: USD $1.28 = EUR €1.00 Rate II: USD $1.45 = EUR €1.00
PDesk (US Export) = USD $345.00 PCoffee Maker (EU Export) = €50.00
c. Rate I: USD $1.00 = CNY 9.20元 Rate II: USD $1.00 = CNY 8.75 元
PBushel of Corn (US Export) = USD $45.00 PFlat-Screen TV (Chinese Export) = 12,500.00 元
Calculate the price of each nation’s exported good in terms of the other nation’s currency for BOTH EXCHANGE RATES (THERE WILL BE 4 CALCULATIONS IN EACH SECTION a, b, and c AS A RESULT). For Each Problem, based upon how the prices change from rate I to rate II, determine for each nation the impact on Net Export Spending,Total Spending, GDP, and AD. Make sure TO USE THE APPROPRIATE CURRENCY SYMBOLS FOR THE BRITISH POUND, THE EURO, AND THE CHINESE YUAN RENMINBI.
In: Economics
In: Economics
Seven years ago, you started a crosstown delivery service. The service is an environmentally friendly business and, given all the traffic congestion, you are also the fastest service in the city since your entire crew are bicyclists. You have two types of service. You have a small parcel service for anything that is flat and measures less than 11x17. You have a package service using a 100 lb. capacity bike trailer for anything weighing up to 10 lbs. As a way to introduce the new package service when you implemented the small package service, you charged the same price for packages as parcels. You are now wondering if you should charge different prices for the parcel and package service.
Complete the table below for the combined market of parcels and packages.
Price |
Parcels and Packages |
TR |
MR |
TC |
MC |
MR-MC |
Profit |
50 |
5,000 |
1,600 |
3,400 |
||||
90 |
10,800 |
83 |
2,300 |
10 |
73 |
8,500 |
|
80 |
190 |
15,200 |
63 |
3,000 |
10 |
53 |
|
260 |
18,200 |
43 |
3,700 |
10 |
33 |
14,500 |
|
60 |
19,800 |
23 |
4,400 |
10 |
13 |
15,400 |
|
50 |
400 |
20,000 |
3 |
5,100 |
10 |
-7 |
|
470 |
18,800 |
-17 |
5,800 |
10 |
-27 |
13,000 |
|
30 |
16,200 |
-37 |
6,500 |
10 |
-47 |
9,700 |
|
20 |
610 |
12,200 |
-57 |
7,200 |
10 |
-67 |
|
10 |
680 |
6,800 |
-77 |
7,900 |
10 |
-87 |
-1,100 |
In: Economics
Barack Obama made excellent use of public relations as a candidate for the Presidency. Now, as President of the United States, he will continue to use public relations activities. Review the six public relations functions (p. 460) and discuss how the Obama administration is making use of each.
In: Economics
How might companies use marketing research, such as what is gathered by Experian? Is this a violation of consumer privacy concerns?
In: Economics
1. the purpose of economic evaluation of medicines and technologies for health is to inform appropriate choices that gives value for money. Explain what is meant by this statement.
2. a) to be able to do a robust economic evaluation assessment of a health technology, the analyst should be able to identify all cost elements involved. List the different types of cost that may be involved totally in the assessment and explain what each means, using everyday examples.
b) Which of the cost elements mentioned above in (a) is difficult to measure and why?
3. a)List at least 3 types of humanistic outcome measures that are used in Health Technology Assessment.
b) Discuss two of the listed outcome measures that may be applied for robust economic evaluation analysis of Technologies for Health.
In: Economics
You are given the following global market data.
The world price for a good is 40 and the domestic demand-and-supply curves are given by the following equations:
Demand: P=100-0.5Q
Supply: P=70+0.4Q
where P=price and Q=quantity
1. Calculate how much is consumed.
2. Calculate how much is produced in the home economy.
3. Fine the consumer surplus and producer surplus.
4. If a tariff of 20 percent is imposed, by how much do consumption
and domestic production change?
5. How much revenue does the government earn from the tariff?
I got calculations for # 1 and #2, but the negative for quantity is confusing me on how to graph this so I can't calculate consumer surplus or producer surplus without the graph. can someone please help?
In: Economics
Consider a recessionary Australian economy. a/ If the cash rate is currently 0.5%pa and RBA contractionary policy is going to move it by 50 basis points. What cashrate corridor will the RBA likely construct? Explain your working and answer in words. b/ Explain how forex swaps and repos can be used to achieve the same target cash rate. c/ Explain why decreased unemployment may lead to an increased cash rate in the short run in Australia. d/ Explain the difference between frictional and structural employment. Also explain what can or cannot be done to fix each. e/ a forex swap is used by the RBA to target a 1.2%pa cashrate with a spot purchase of AUD/USD and forward sale of AUD/USD in 1 month. If the spot price is 0.6501 then what is the forward price? Explain your working and answer in words.
In: Economics
the impact of Covid 19 on telecommunication industry and tourism industry? (800 words)
In: Economics
What are the characteristics of international business correspondence and it's application on international trade?. Define.
In: Economics