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
Country Analysis
Selected Country: UNITED ARAB EMIRATES (UAE)
.
Note: Please make a good report with the above heading related to UAE, and please try to not have much plagiarism
In: Economics
XXX produces onions that it exports to the world. It institutes an export tariff. Assume the initial price is $12.40 per bushel in world markets. Assume the export tariff was $6.25. Before the tariff, Indian consumption was is 11 million bushels and production is 15 million bushels. After the export tariff, Indian consumption was 12.75 million bushels and production is 13.5 million bushels. (a) Calculate the deadweight loss for the country? (b) Calculate the gain/loss to producers?
The answer for a is 10.156,250 M and the answer for b is -89.0625 M. Please help me with providing steps and graphs to solve this problem!! GRAPH, please!!
In: Economics
1. Periodically, a Senator or Congressman submits legislation to bring the Federal Reserve under the direct control of Congress. Thinking about the policy objectives of the Federal Reserve System, explain why an independent central bank might more effectively achieve its policy objectives.
2. The simple models that we develop in class suggest that both fiscal and monetary policy work smoothly to eliminate short-run fluctuations in real GDP and achieve stable price growth. In reality, policy implementation may not be as effective as our model suggests. What obstacles might inhibit the effectiveness of fiscal and monetary policy? You should discuss one obstacle that both monetary and fiscal policy must overcome, one obstacle unique to fiscal policy, and one obstacle unique to monetary policy.
In: Economics
QUESTION 43
When money functions as a means of telling you that your textbook costs $150, then it is performing as a:
medium of exchange. |
||
unit of account. |
||
store of value. |
||
standard of investment. |
1 points
QUESTION 44
Which of the following is an example of money serving as a store of value?
buying a hamburger |
||
a $35 price tag |
||
a collection of $10 bills hidden in your sock drawer. |
||
paying your friend for his car |
1 points
QUESTION 45
“Liquidity” refers to:
the relative ease with which an asset can be converted to something else without loss of value. |
||
the relative ease with which an asset can be transported. |
||
how easy it is to increase the supply of an asset, especially that of money. |
||
how quickly the value of an asset changes in response to changes in supply and/or demand. |
1 points
QUESTION 46
Banks hold reserves in order to:
cover their customers' withdrawal needs. |
||
cover the banks' investments. |
||
offset their liabilities. |
||
satisfy stockholders. |
In: Economics
Suppose there are 10 black quarterbacks and 25 white quarterbacks in the NFL draft, and that all quarterbacks are of equal ability; specifically, all quarterbacks in the draft have a 20% chance of succeeding in the NFL. However, suppose NFL coaches have an incorrect view that white quarterbacks are more likely to succeed than black quarterbacks. As a result, they decide to cut ½ of all black quarterbacks that were drafted and 1/5 of all white quarterbacks that were drafted.
a) How many of the white quarterbacks that survived the initial cuts will be successful? [1st blank]
b) How many of the black quarterbacks that survived the initial cuts will be successful? [2nd blank]
c) Of the 25 white quarterbacks in the NFL draft, what percentage will survive the cuts and be successful? [3rd blank]
d) Of the 10 black quarterbacks in the NFL draft, what percentage will survive the cuts and be successful? [4th blank]
e) Are NFL coaches likely to think that cutting ½ of all black quarterbacks and 1/5 of all white quarterbacks is a smart idea? [5th blank: write "yes" or "no"]
f) Is this type of discrimination likely to persist or disappear over time? [6th blank: write "yes" or "no"]
In: Economics
The recent outbreak of COVID-19 has caused a severe public health crisis as well as substantial economic disruption for every American. Policymakers have been considering legislation to help manage the pandemic and mitigate the economic burden on families and businesses.
So far, lawmakers have enacted four separate pieces of legislation, costing approximately $2.4 trillion. Below is a quick recap of that legislation.
Coronavirus-Related Legislative Actions to Date
As an initial response, policymakers enacted legislation in early March that provided $8.3 billion in emergency funding for public health agencies and coronavirus vaccine research. That bill appropriated $7.8 billion in discretionary funding to federal, state, and local health agencies and authorized $500 million in mandatory spending through a change in Medicare.
On March 18, the Families First Coronavirus Response Act was enacted to provide economic support to those in need. That legislation, totaling $192 billion, included a number of key components, including:
As a follow-up, lawmakers enacted the CARES Act, a relief package of around $2 trillion, on March 27 to address the near-term economic impact the virus is having on families and businesses. Some of the key items in the legislation include:
On April 24, policymakers enacted the Paycheck Protection Program and Healthcare Enhancement Act. That bill, totaling $483 billion, will provide an additional $383 billion in economic support for small businesses ($321 billion to replenish the PPP, $60 billion for emergency lending for small businesses, and $2 billion for salaries and expenses to administer such programs), another $75 billion in funding for hospitals, and about $25 billion to fund more testing for the pandemic.
Will More Support be Needed?
While the legislation enacted thus far may help mitigate the economic burden from COVID-19, many analysts believe that further support may be needed.
As the Brookings Institution notes, fiscal policy can be used now to cushion the economic downturn as much as possible. However, they suggest it should also aim to set the appropriate conditions for the economy to recover once the restrictions on economic activity are removed. As such, multiple fiscal packages may be needed. Brookings notes that after an initial stimulus is enacted, the United States could allow subsequent payments to those in need to vary with health and economic conditions over time.
If major economic disruptions continue in the coming months and further support is needed, the Progressive Policy Institute (PPI) notes that future legislation should be structured in a way that is directly tied to the health of the U.S. economy. That structure, according to PPI, should include expanding automatic stabilizers — features of the tax code and social safety net that offset fluctuations in economic activity, causing taxes to fall or federal spending to rise during an economic downturn — as those features are more quickly responsive to changes in economic conditions.
Furthermore, scholars at the American Enterprise Institute (AEI) note that providing support to businesses, especially small- and mid-size businesses, will continue to be crucial. AEI suggests that while the PPP is a bold new program to preserve business and employment relations, it can be made more effective. They suggest revising the program to fund non-payroll costs, assure lenders they will not be held responsible if borrowers misrepresent themselves, and increase funding for the program at a level commensurate with demand so that borrowers are not discouraged from applying.
The Center for American Progress suggests that the United States can learn from the economic measures taken by other countries to inform current and future responses. Specifically, such responses should involve prioritizing support to those who cannot work, providing relief to keep small- and mid-size businesses intact, suspending or reducing tax and housing payment obligations to avoid defaults, and providing direct support to crucial sectors in need such as healthcare.
Whether a future response is needed will be an ongoing conversation; such plans are yet to be developed and the policy landscape remains highly fluid. There is a critical role for the federal government in responding to this unprecedented situation, which includes complex and unique threats to our economy and public health.
Questions:
In: Economics
Q1. Do you think that company should use the standardized strategy(Marketing) or not? what case they should use and when they not?
Q2. Will the Globalization will be affected in a negative way(reducing than now) when there is a current situation like
(1) Corona virus pandemic(2020)
(2) World financial crisis(2007-2008)
In: Economics