Questions
The Coca-Cola Company is an American multinational corporation, and manufacturer, retailer, and marketer of non-alcoholic beverage...

The Coca-Cola Company is an American multinational corporation, and manufacturer, retailer, and marketer of non-alcoholic beverage concentrates and syrups. The company is best known for its flagship product Coca-Cola, invented in 1886 by pharmacist John Stith Pemberton in Atlanta, Georgia. In Ghana, the company was formed from a divestiture of Bottling Division of G.N.T.C in March 1995 and started operations on March 7, 1995 at the GNTC plant at Adjabeng. The new premises sited off the Spintex Road, was commissioned in 1996. Since the divestiture, the Company has invested over US$90 million in vehicles, glass bottles, plastic bottles, plastic crates, production and marketing equipment. In 2019, the company contracted an economist who estimated the demand function for the company’s product (Coca-Cola) using data from 28 supermarket as follows:
?= +0.5?−24=0
where P is the price per bottle and ?= is the quantity demanded. In addition, the economist also
estimated the supply function for product as follows.
4?> − 3? + 4 = 0
where P is the price per bottle and ?> is the quantity supplied. As the consultant of this
company, you are to use this information to:
(i) Determine the equilibrium level of price and quantity 1 marks (ii) Represent your answer graphically by sketching the demand and supply curves.
2 marks (iii) Determine the welfare of economic agents using integration 3 marks (iv) Supposethegovernmentimposesataxof¢4oneverybottlesold,determinethenew
equilibrium price and quantity 3 marks (v) Howwilltheconsumersandproducerssharethetaxperunit? 1mark

In: Economics

please discuss the role of technology in efficient utilization of these exhaustible resources which you might...

please discuss the role of technology in efficient utilization of these exhaustible resources which you might have come across in your own work experience. You could also discuss instances of firms taking steps to adopt renewable natural resources to cut down their reliance on exhaustible resources.

In: Economics

Now, assume that the Fed has identified a recessionary gap.  What type of monetary policy would you...

  1. Now, assume that the Fed has identified a recessionary gap.  What type of monetary policy would you recommend? Be specific as to the three tools that the Fed could use to implement this policy.

In: Economics

Suppose that the federal government has identified a recessionary gap of $250 billion. If they decide...

  1. Suppose that the federal government has identified a recessionary gap of $250 billion. If they decide to use fiscal policy, what type of fiscal policy should they adopt? Calculate both of their options (and be specific about direction) considering that the MPC = 0.75.

In: Economics

1.The United States still participates in the gold standard since it eliminates exchange rate risk between...

1.The United States still participates in the gold standard since it eliminates exchange rate risk between the dollar and other foreign currencies.

True or False

2.The peso appreciated by 4% from the Eurozone point of view. What is the percentage appreciation/depreciation of the euro from the Mexican point of view? Enter your answer in decimal format and round any intermediate steps and for final answer to four decimals (EX: .XXXX).

In: Economics

Suppose the federal government increases taxes by $750 million. By how much should GDP change if...

Suppose the federal government increases taxes by $750 million. By how much should GDP change if the MPC = 0.90? Use an AS/AD model to show this impact on the economy.

In: Economics

TURKISH ECONOMY Explain the significance of the 2001 crisis according to Öniş.

TURKISH ECONOMY

Explain the significance of the 2001 crisis according to Öniş.

In: Economics

Use the following information to work Problems (a) and (b). Show all your workings. Sara’s income...

Use the following information to work Problems (a) and (b). Show all your workings.

Sara’s income is $12 a week. The price of popcorn rises from $3 to $6 a bag, and the price of smoothie is unchanged at $3.

a ) How does the rise in the price of popcorn affect the relative price of a smoothie in terms of popcorn? What is the slope of Sara’s new budget line if it is drawn with smoothies on the X-axis?

In: Economics

Do you think economic inequality explicitly or implicitly supports sexism and racism? If not, why not?...

Do you think economic inequality explicitly or implicitly supports sexism and racism? If not, why not? If yes, why? Discuss

In: Economics

QD= 8000-2PX+0.4I+2PY-4PZ A - What are the intercepts and slope of your demand curve? price intercept...

QD= 8000-2PX+0.4I+2PY-4PZ

A - What are the intercepts and slope of your demand curve? price intercept and the quantity intercept and the slope

B - the price of good X is $100, what is the quantity demanded?

C - Now suppose the price of good Y rises to $150. What would happen to your demand curve? What are the price intercept, quantity intercept and slope?

In: Economics

Select two countries (excluding the United States) and prepare a short report describing their basic Internet...

Select two countries (excluding the United States) and prepare a short report describing their basic Internet infrastructure. Are they public or commercial? How and where do they connect to backbones within the United States?

In: Economics

write what you think are the key components of the culture in the United States that...

write what you think are the key components of the culture in the United States that someone visiting from another country for business should be aware of.

In: Economics

Josie has a fixed budget of $20, and she spends it all on two goods, tomatoes...

  1. Josie has a fixed budget of $20, and she spends it all on two goods, tomatoes and potatoes. The price of tomatoes is $2 per unit, and the price of potatoes is $4 per unit. The table below shows the total benefit, measured in dollars, Martha receives from the consumption of each good.

Quantity of

Tomatoes

Total Benefit from

Tomatoes

Quantity of

Potatoes

Total Benefit from

Potatoes

0

$0

0

$0

1

$10

1

$16

2

$18

2

$28

3

$24

3

$36

4

$28

4

$40

5

$30

5

$41

  1. What is Josie’s marginal benefit of the fourth unit of tomatoes? The second unit of potatoes?
  2. Calculate the total benefit is Josie consumes 3 unit of tomatoes and 1 unit of potato?
  3. If Josie consumes 2 unit of tomatoes and 4 units of potatoes, is this a utility maximizing combination?
  4. What is Josie’s optimal consumption of tomatoes and potatoes given her budget?

In: Economics

1) Considering that Germany has a huge trade surplus, who has likely gained from having trade...

1) Considering that Germany has a huge trade surplus, who has likely gained from having trade as opposed to international trade being banned?

a. Domestic consumers

b. Domestic producers

c. Government

d. Domestic consumers and domestic producers

2) Suppose we have the country of Carrieopolis with the following prices and quantities:

                   P of Laptops   P of Tablets   # of Laptops   # of Tablets

2017 $100               $100 200 200

2018 $120               $120 230 230

2019 $200              $200 350 350

If the base year for prices is 2017, what is the CPI for the year 2018?

a. 60

b. 91

c. 100

d. 120

3) Using the information from the previous problem, what is the annual real GDP growth for 2019?

a. 10%

b. 30.4%

c. 52.2%

d. 75%

In: Economics

Cindy has $70 a month to spend on sport activities, and she can spend as much...

  1. Cindy has $70 a month to spend on sport activities, and she can spend as much time as she likes playing golf and tennis. The price of an hour of golf is $20, and the price of an hour of tennis is $10. The table shows Cindy’s marginal utility from each sport.

Hours

per month

Marginal Utility

from Golf

Marginal Utility

from Tennis

1

60

40

2

50

36

3

40

30

4

30

10

5

20

5

6

10

2

7

6

1

  1. If Cindy spends all her money playing golf, how many hours of golf can she afford? What will be her total utility?
  2. If Cindy spends all her money playing tennis, how many hours of tennis can she afford? What will be her total utility?
  3. What are the marginal utilities per dollar from playing golf and tennis for the various hours per month played?
  4. How many hours of golf and tennis should Cindy play to maximize her utility given her budget?
  5. Explain why, if Cindy equalized the marginal utility per hour of golf and tennis, she would not maximize her utility?
  6. Cindy’s tennis club raises its price of an hour of tennis from $10 to $15, other things remaining the same, how many hours does Cindy now spend playing golf and tennis that maximizes her utility? Are there any left over money?
  7. Cindy loses her math tutoring job and the amount she has to spend on golf and tennis falls from $70 to $40 a month. With the price of an hour of golf at $20 and of tennis at $10, calculate the change in the hours she spends playing golf. For Cindy, is golf and tennis a normal good or an inferior good?

In: Economics