1.
Tampa Tribune's dominant strategy is ____________ (low price, high price, it has no dominant strategy).
edit
In: Economics
The Covid-19 coronavirus first struck in Wuhan, the capital of
China’s Hubei province, at the end of 2019. It quickly spread
beyond Asia. The policy responses have mostly been lockdowns of
varying intensities and durations. Though there have been many
national and even international curfews in the past, perhaps most
prominently during the Second World War, there are no examples of
lockdowns on a global scale deployed to counter the spread of
disease. It is wholly novel to force significant proportions of the
populations of the major world economies to stay at home, and
mostly indoors. An important observation by economists is the
interplay of demand and supply for personal protective equipment
(PPE). With relevant facts and figures, you are required to
1. Identify and explain 5 determinants of demand for PPE.
2. Discuss 5 determinants of PPE supply.
3. Explain any two consequences of a shortage in the supply of
PPE.
In: Economics
Briefly discuss the rise of the gig economy in Australia and
which firms dominate?
Who are the main players (e.g. Uber, AirB&B, etc.) How did
these firms get so big so quickly? How many people in Australia are
employed in this sector?
In: Economics
Discuss one benefit and one drawback of a gold based monetary system.
In: Economics
In: Economics
What are Employee Involvement and Participation (EIP) programs? What are the costs and benefits?
In: Economics
Explain step-by-step process by which commercial bank could increase the money supply.
In: Economics
show how the short-run model would change with a decrease in domestic money supply, specifically noting the impact on domestic interest and the price level
In: Economics
Greece is a member of the Eurozone. It uses the Euro as its main currency. Hence, the Greek currency is fixed relative to other members of the Eurozone but the value of Euro fluctuates relative to other currencies. Hence we can view the Greek currency as being flexible relative to countries outside the Eurozone. Also note that for a prolonged period of time, the Greek government was spending more than it was raising in tax revenue. Creative accounting understated the size of government borrowing until the late 2000s before the real size of the government debt and deficit was revealed. 1A trade weighted nominal exchange rate is an average of the value of the Australian dollar against Australia’s twenty largest trading partners. 2 (a) Suppose Greece had its own currency, say the Drachma, and a flexible exchange rate. Describe what would have happened to the exchange rate when the real size of the government debt was revealed? What effect would this change in the exchange rate have upon the real economy in Greece? (b) Greece is a member of the Eurozone. What effect upon the Euro did revealing the size of government debt have upon the value of the Euro? What effect would this change in the exchange rate have upon the real economy in Greece? (c) What do you think were the costs for Greece of joining the Euorzone, and what do you think have been the benefits?
In: Economics
what is the customer segment and early adopters in air filter company ?
In: Economics
Explain the relationship between net capital outflows and a nation’s trade balance. Explain whether most (not Peter Navarro) economists consider a trade deficit to be an issue for the United States and why. Explain what purchasing power parity (PPP) implies about the relationship between nominal exchange rates and price levels. Explain whether PPP accurately portrays the current relationship nominal exchange rates and price levels across nations and why.
In: Economics
write a better definition for marketing. Justify your reasoning for the things you include. Hint, maybe it could mention more of the different people who use marketing in a nontraditional sense and/or marketers’ responsibilities to buyers and society.
In: Economics
Suppose a market is characterized by the following:
QD = 1,500-3P
QS = -500+2P
A) Determine the equilibrium price and quantity .
B) Graph the equilibrium price and quantity in part A)
C) Suppose the government imposes a per-unit tax of 5 (ie. 5 dollars in tax on every unit
purchased) on buyers. Solve for the new equilibrium price and quantity. HINT: There are
two prices and one quantity to solve for. .
D) Determine the total amount of tax revenue collected by the per-unit tax in B) .
In: Economics
The Tampa Tribune and the St. Petersburg Times compete for readers in the Tampa Bay market for newspapers. Recently, both newspapers considered changing the prices they charge for their Sunday editions. Suppose they considered the following payoff table for making a simultaneous decision to charge either a low price of $0.50 or a high price of $1.00. Tampa’s profits are shown in bold. St. Petersburg’s profits are in regular type.
For questions 1 – 10, choose the correct answer to fill in the blanks. Use the suggested words in parentheses after each blank. A detailed explanation must be given to defend each choice.
Tampa Tribune |
|||||
Low Price |
High Price |
||||
A. |
B. |
||||
Low price |
$120,000 |
$54,000 |
|||
St Pete Times |
$100,000 |
$120,000 |
|||
C. |
D. |
||||
High Price |
$90,000 |
$88,000 |
|||
$54,000 |
$90,000 |
In: Economics
Discuss the differences between frictional, structural, and cyclical unemployment. As a member of the labor force, are you employed? Unemployed? Explain the basis of your answer.
In: Economics