Question 1 Suppose we have two goods, whose quantities are denoted by A and B, each being a real number. A consumer’s consumption set consists of all (A; B) such that A ≥ 0 and B > 4.

His utility function is: U (A, B) = ln(A + 5) + ln(B - 4). The price of A is p and that of B is q; total income is I. You have to find the consumer’s demand functions and examine their properties. You need not worry about second-order conditions for now.

(i) Solve the problem by Lagrange’s method, ignoring the constraints A ≥ 0, B > 4. Show that the solutions for A and B that you obtain are valid demand functions if and only if I ≥ 5p + 4q. (ii) Suppose I ≥ 5p + 4q. Solve the utility maximization problem subject to the budget constraint and an additional constraint A ≥ 0, using Kuhn-Tucker theory (Bear in mind that the Kuhn-Tucker conditions coincide with the ordinary first-order Lagrangian conditions). Show that the solutions for A and B you get here are valid demand functions if and only if 4q < I ≤ 5p + 4q. What happens if I ≤ 4q?

In each of the following parts, consider the above cases (i) and (ii) separately.

(iii) Find the algebraic expressions for the income elasticities of demand for A; B. Which, if either, of the goods is a luxury?

(iv) Find the marginal tendencies to spend on the two goods. Which, if either, of the goods is inferior?

(v) Find the algebraic expressions for the own price derivatives ?A/?p, ?B/?q. Which, if either, of the goods is a Giffen good?

1. do you feel that the educational requirements for police officers are too lenient? Why or why not? What educational standards would you suggest?
2. Do you feel that law enforcement needs to be diverse, hiring more minorities and women? Why or why not?  
3. As Chief of Police, what steps would you take to hire more minorities and women.
4. In states where marijuana is legal, do you feel that police departments should weaken or eliminate their drug policies and allow officers to use marijuana and/or other substances? Why or why not?

3. In the multiplier-accelerator interaction model, how does cyclical time path form and what will lead to its divergence from long-run equilibrium output

Please I need today answer for This question and it is very important and I need solution for this issue with all the details , and help me with all the details.Please write your answer to me by typning  not by hand writing, so that I can read and understand your answer clearly.thanks in advance/Ha

Q What measure can we use to empirically test the responsiveness of hours worked to changes in the wage rate? What can we conclude if this measure is positive, what if it is negative? What do we know empirically about individual’s responses to changes in the wage rate?

Q) State whether the following statements are true or false. Shortly explain your answer in 1-2 sentences.

a) The life cycle model of labor supply predicts that wage increases along the expected wage-age profile can lead to decreases in an individual’s hours worked.

b) In a model with a perfectly competitive firm, the two profit maximizingconditions VMP_E = w and MC=p are equivalent in the short run.

c) Labor Demand is more elastic in the long run than in the short run.

d) In a monopsony with a non-discriminating monopsonist the labor supply curve equals the marginal cost of labor

europe vs United handing of the Covid 19 pandemic. please comment

a. A house is worth $400,000 in 2020, but was worth $150,000 in 1990. Using prices in 1990 as the base year, know that prices in the economy have grown on average by 1.50 times between 1990 and 2020.

(i) If the price of the house had risen at the same rate as average prices, what would the house be worth in 2020? Briefly explain your answer.

(ii) Without doing any calculations, but simply based on information in the question and your response in (i), would you be better off having bought this house in 1990 or 2020? Briefly justify your answer.

(iii) Calculate the rate of inflation between 1990 and 2020.

b. Assume wage negotiations are done and agreed based on the CPI. Briefly explain what happens to employers and employees when the CPI is upwardly biased (i.e. the CPI is estimated to be higher than what it should be).

LP3 Assignment: Milestone 3:

Communications, Negotiations and Strategy Formation This assignment will assess competencies 3.

Develop effective cross-cultural communications and negotiation skills to be used in a multinational setting and 4. Develop strategy formulation and implementation for management in multicultural organizations.

Directions

We will continue to work on the due diligence analyses of the three countries chosen in LP1. For each of your chosen countries

My country choices

1. Emerging Country: India

2. Developing country: Saudi Arabia

3. Developed Country: Australia

, you will write up an analysis of the impact of communications and negotiations with the U.S. while doing business. Your analysis will be based on chapters 7 and 8 of your text, and information from websites and other research. You should also address the strategy you would choose to enter each country and explain your rationale. Also, discuss any areas of concern you may encounter with your business dealings with each of your countries. You will follow APA (6the edition) formatting (no abstract is required for this milestone) with title and reference pages, indented paragraphs and a minimum of four APA formatted references and associated in-text citations. This information, and that of the following LPs, will become part of your final project artefact.

3. Assume you are a senior manager of a cell phone provider such as TELUS, Rogers or Bell.

1. How might your (cell phone provider) costs of production be affected in the short-run and long-run? (approx. 230 words)

5a. Suppose that any given individual firm in this same perfectly competitive industry has the following:
?? = 0.6?3 − 1.9?2 + 5? + 30

??? = 0.6?2 − 1.9? + 5 + 30/?

?? = 1.8?2 − 3.8? + 5

Also, assume the market price is P* = 10.

Find the quantity that the individual firm would produce at this price. Round your answer to the nearest
whole number. Show work. You will have to use the quadratic formula.

5b Using your rounded quantity, what is the short-run profit or loss earned by a typical firm in this industry
at this market price? Don’t round your profit answer. Show work

6. Draw a graph showing this single firm (the ATC and MC functions) and its profit or loss. To do this, you
will also have to show the price, quantity chosen by the firm, and the average costs of production at that
output level. Label everything clearly.

Draw an AS-AD graph showing a recessionary gap labeling carefully. Show how central bank could act to close the gap. Show how this would be accomplished with open market operations on a Supply and Demand for Reserves graphs, starting from a point where there is no discount lending.

Why are agricultural prices highly variable? Does elasticity matter? Does a long term view differ from the short term? Describe elasticity and the typical assumptions made about the elasticity of agricultural production and food demand.

pls do not hand write !

Use the following information for a Taylor rule. The equilibrium real federal funds rate is 2%, the inflation target is 2% and the (real) output growth target is 3%.

a) If actual inflation is 3% and actual output growth is 4%, find the federal funds rate recommended by the Taylor rule.

b)   If actual inflation is 1% and actual output growth is 1%, find the federal funds rate recommended by the Taylor rule. How do these numbers compare with the actual values today?

Suppose that the Phillips curve is given by: ?? = ?? ? + ? − ??? where ?? is the inflation rate, ?? ? is the expected inflation, ?? is the rate of unemployment and, a and b are two positive parameters. Before the COVID-19 crisis, no wage contract was indexed to the inflation. After the crisis a fraction ? > 0 of wage contracts are indexed to inflation.

a. Derive the new equation for the Phillips curve after the crisis.

b. Derive an algebraic expression for the natural rate of unemployment after the crisis. It is believed that the Phillips curve for Canada will be: ?? − ??−1 = 3.2% − 0.4?? 3

c. Plot this curve on a graph with ?? on x-axis and ?? − ??−1 on y-axis.

d. Assume that ? = 0.5, find the numerical values of parameters a and b as implied by the above estimated Phillips curve.

e. What will be the natural rate of unemployment?