The market demand is Q=120-P, there are two firms on the market that engage in Stackelber competition. Both firms have MC=0 and FC=0. How much more profit does Stackelber leader made compared to Cournot?

Answer the following macroeconomics questions.
a) What is the difference between nominal GDP and real GDP? Which one of them is used to calculate the economic growth rate? Justify your answer.
b) Give the equation used to calculate the unemployment rate. State the different types of unemployment. In your opinion, which type is the most problematic one? Justify your answer.
c) Governments may achieve certain economic goals; say controlling inflation, by implementing fiscal and/or monetary policies. Explain briefly the difference between fiscal and monetary policies.

Literature review of an investigation of the funding of higher education in South Africa

A new CEO who is determined to recover the fixed costs of his units, so he reduces the Period 1 bid to make sure they run.

1. What does this say about the wisdom of bidding below marginal cost in order to make sure units operate? (2 mark)

2. Do you agree with the new CEO’s view of how generating units recover their fixed costs in the market over time? What is your view of how generating units recover their fixed costs? (2 mark)

The 15thSDG is Life and Land

a. Explain how it relates to sustainability

b. Briefly contrast the weak and strong sustainability criteria. Comment on whether your chosen goal relates to either criteria.

c. Instead of sustainability, should your chosen SDGs be framed in terms of achieving an efficient use of resources? Explain.

I am in a class where I am supposed to be a Civil Society Organization Representative (CSO) representing India. I was invited to the G20 meeting to discuss and present negotiations with other countries of G20.The agenda will have two major items: international health cooperation and international economic cooperation. What negotiations could I do for India with other countries to improve the current situation and look for financial stability?

First-differenced estimation in a panel data analysis is subject to serious biases if _____.

Select one:

a. the explanatory variables do not change by the same unit in each time period

b. one or more of the explanatory variables are measured incorrectly

c. the regression model exhibits homoscedasticity

d. key explanatory variables vary significantly over time

Suppose we are studying the effects of expanded income supplement for senior citizens on their health. We use the two-group, to-period differences-in-differences setup, with working-age citizens as our control group.Which of the following is a key assumption for the validity of this identification strategy?

a. After the intervention, the average health trends would be the same for both groups.

b. In the absence of the intervention, theaverage health outcomes would be the same for both groups.

c. Before the intervention, the average health outcomes were the same for both groups.

d. In the absence of the intervention, theaverage health trends would be the same for both groups.

How would an increase in a firm’s level of technology – for example, an increase in labor productivity – affect its cost curves (all else equal)? Would the range of production where the firm experiences economies of scale increase or decrease? Explain.

3. With the aid of a diagram, answer the following questions:

(i) What is meant by the term Efficient Frontier? (Assume no short sales and no riskless lending and borrowing allowed.)

(ii) ‘The mean-variance efficiency criterion can identify the optimal investment’. Do you agree this statement? Explain your answer.

Instruction:

What is Unemployment Rate and what are the factors that cause the UR to increase or decrease?

Do your own research. Write one page to define the Unemployment Rate and explain the factors affecting the UR. (Mention your reference at the end)

A monopolist faces three groups of customers (or three markets) such that:

Demand of the high-income group is given by P_h= 24 – 2Q_h  

Demand of the middle-income group is given by P_m= 20 – 2Q_m

Demand of the low-income group is given by P_l= 16 – 2Q_l

1. If the monopolist does not practice price discrimination (PD) and combines the three markets into one big market, then he charges a single price to everyone. If his marginal cost MC = $14, find the single price P_s, total quantity sold in the big market Q_t, and quantity sold to each group alone: Q_h, Q_m, & Q_l.
2. Find consumers’ surplus CS for each group or in each market.
3. Suppose the monopolist now decides to practice PD. His MC has not changed. Find the three prices charged: P_h, P_m, & P_l. Also find the three quantities: Q_h, Q_m, & Q_l.
4. Find CS for each group or in each market.
5. Give your own conclusion of whether PD was “good” or “bad” to each group. In your opinion as an economist, was PD “good” or “bad” in this specific scenario?  

Discuss the concept of product life cycle

Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW_2-1 assuming 13.2305 interest rate.