Describe PETS analysis for case study zero wage increase again (By Karen Macmillian)

Could you please explain it briefly?

What can you conclude about the price elasticity of demand from each of the following statements? (Is it: perfectly elastic, elastic, unit elastic, inelastic, perfectly inelastic)

a. "The pizza delivery business is very competitive in this town. I'd lose half my customers if I raised the price by as little more than 10%."

b. "I own the only chicken farm in Hong Kong that produces organic free-range eggs. I recently increased my production by 20%, and found that the price that I could sell the eggs at dropped by 10%."

c. My professor has required the use of the Krugman textbook for the class. I have no choice but to buy this book."

d. No matter what the price is, I always spend a total of exactly $100 per month buying coffee beans."

please give me answers with detailed explanations. thank you.

It's managerial economics problem. Please expert solve well.

In 2010 some members of the Pakistan cricket team were accused of conniving
with bookmakers, if not to lose matches, then at least to instigate specific events
in the game. Does efficiency wage theory explain why such scandals are more
likely to arise for relatively low-paid sports people? In this light, what can be done
to reduce corruption in sports?

1. Costs of Reducing Water Pollution

Using the Costs of Reducing Water Pollution table, which of the following explains why the lake should not be made entirely free of pollution?

Multiple Choice

• The marginal social costs of reaching 0 PPM are greater than the marginal social benefits from doing so.

• There would be no benefit in making the lake completely clean.

• The total social cost would exceed the total social benefit of completely cleaning the lake.

• Society cannot clean up the lake.

2.  If relative prices change, then the inflation rate must change. TRUE/False?

3. In economics, a public good

Multiple Choice

• is provided in an optimal amount by the market.

• always causes government failure.

• is any good produced by the government.

• allows free riders to benefit from the good.

7.  The business cycle is the alternating periods of economic growth and contraction. TRUE/FALSE?

Federal Reserve monetary policy strives to bring about full employment and price stability. Explain how the Federal Reserve loosens or tightens monetary policy through open market operations and how this affects the economy. Include in your answer how looser or tighter monetary policy affects the amount of reserves in the banking system and interest rates, and how loose or tight monetary policy is supposed to affect GDP, employment and inflation.(8-12 sentences)

Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will increase/decrease . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will increase/decrease . The temporary unemployment resulting from such sectoral shifts in the economy is best described as ? unemployment.

Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply.

Extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government

Improving a widely used job-search website so that it matches workers to job vacancies more effectively

Increasing the benefits offered to unemployed workers through the government's unemployment insurance program

Think of a situation where you have used Decision Analysis and explain what that process was like.

Management at the Macho Burrito Hacienda has completed a study of weekly demand for its super-supremo-dos-nacho-double-grande-mucho-muncho burritos. The study revealed that the demand for the four-pound cheese-stuffed, bacon-smothered, grease-dripping, colossal-sized macho burrito meal (X) is given by the following equation:

                                    Q_X = 1,320 -1,000 P_X + 700 P_T + 7 I + 200 A

where  Q_X           = the number of the four-pound macho burrito meals sold

                        P_X        = the price of the four-pound macho burrito meals

                        P_T            = the price of bacon cheeseburger double-decker tacos

                        I           = per capita income

                        A         = Advertising expenditure                  

            Currently P_X = 5, P_T = 2, I = 40 and A = 20.

1. Calculate the elasticity of demand for burrito meals with respect to the price of burritos, the price of tacos, and per capita income.

(b)       Should the Macho Burrito Hacienda raise the price of its burrito meals to increase Total Revenue? Why or why not?

(c)        Calculate consumer surplus at the Revenue-maximizing price.

(d)       If the cost per burrito is $3 and Macho Burrito Hacienda behaves as a monopolist, how many burrito meals will be sold and at what price?

What do you think will happen to the rate of return on educational investment as the U.S. approaches zero population growth?

1-What are the problems according to Trump administration the technological competition of two countries' firms;

2- What tools are used by the US and how, to address these problems.

What do you think was the most important thing that took place on television during the 1970’s?

Explain how Reagan’s election impacted America’s government beyond 1988