• People have a tendency to categorize others into hierarchies. What do you all think has been the source of racial hierarchies in the United States? Do these hierarchies have any validity? Why or why not?

• As you are learning, race is not the simple product of biology (such as the physical features that someone possess), but is actually the result of the ways that society defines how these outward features acts as signs, carrying culturally constructed meanings. Do you agree with this view that race is a cultural construction? Why or why not? Give an example to support your opinion.

1. You are playing rock, paper, scissors with a friend. Each time you win, your friend gives you a dollar. Each time you lose, you pay your friend a dollar. Both of you play optimally with a mixed strategy of playing rock, paper, and scissors exactly one-third of the time each in a completely unpredictable way. Suddenly, a third person enters the room and offers to pay your friend (not you) 50 cents each time your friend throws a rock. What is your friend’s optimal strategy now? What is your optimal strategy?

You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College Computers is not the only firm that builds computers to meet this university’s specifications; indeed, it competes with many manufacturers online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in the student paper advertising its “free service after the sale” policy in an attempt to differentiate itself from the competition. The weekly demand for computers produced by College Computers is given by Q = 800 – 2P, and its weekly cost of producing computers is C(Q) = 1,200 + 2Q2. If other firms in the industry sell PCs at $300, what price and quantity of computers should you produce to maximize your firm’s profits?

Price: $

Quantity: computers

) Explain any two of the following statements with economic reasoning and appropriate diagram(s) a. A competitive firm’s supply curve in the short-run is a segment of MC curve. b. The long-run equilibrium of a perfectly competitive firm is both productively and allocatively efficient. c. A marginal revenue curve of a monopolist lies below the demand curve

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what are the four most important causes of the American Revolution and why are they important?

According to the information given to you，write a paragraph of the benefits of the gig economy in Australia（not less than 400words）

For example, new demand curves created by new opportunities for ‘entrepreneurs’ (i.e. ranging from the massive Uber corporation down to solo entrepreneurs). Note the attractive term ‘entrepreneur’ is sometimes even used to describe a young person on a bike delivering pizzas for about $10 per hour! He or she is considered a sole trader, not an employee. Advantages also include convenience for consumers, arguably convenience for the ‘gig’ workers in that they have flexibility of hours (e.g. they don’t need to be ‘stuck in an office from 9 -5 everyday). Also for Uber and Air B&B they have created a brand new demand ( this is sometimes referred to in business literature as a ‘blue ocean strategy’ [useful to look this up]) which is good for them.
(But it would also be useful to briefly discuss why Uber has not yet made a profit? Find out a tell me!)

Suppose the Republic of Controllistan is hit by an epidemic against which masks are effective. As demand surges, the price of masks goes up too (suppliers are slow to respond). Troubled by this development, the President of Controllistan decides to impose a cap on the price of masks, setting the price of masks much lower than the current equilibrium price. Use simple demand and supply diagram to illustrate the consequences of the price cap and comment briefly.

Assess Raeworth’s analysis of the Kuznets Curve and its social implications for resource production.

A business proposal is a common tool used to convince business executives and leaders about an idea for improvement within an organization. They are also used when a new business initiative is seeking funding – either as a stand-alone business or within the confines of an existing organization.

The business proposal draft should be complete, including all components of a business proposal. This draft should be well-considered and ready for review by your peers and the instructor. Points will be deducted for incomplete work.

Submit the first draft of your Business Proposal to the appropriate dropbox. Details for completing this assignment can be found in the “Assignment Expectations” in the “Start Here” module of the course.