1. What is the relevance of the vent-for-surplus theory of international trade to the current development experience of low-income economies?

2. The market for air conditioners has: Total Cost: TC = 20 + 10Q +(3/4)Q2 Marginal Cost: MC = 10 + (3/2)Q Marginal Revenue: MR = 1,010 – 0.5Q Demand: Q = 4,040 – 4P

2a. If a monopoly controls the market, calculate the equilibrium price and quantity of air conditioners.

2b. Calculate the monopoly profits from part a.

2c. If the government imposed a tax of $80 per air conditioner that the monopoly sells, calculate the equilibrium new price and quantity of air conditioners and the government tax revenue.

2d. Calculate the monopoly profits from part c.

2e. Calculate the minimum tax that the government could charge to make the monopoly produce no output.

Human Resource professionals has certain set of skills, give at least five (5) essential human resource management skills needed to run a successful human resource department and explain how these skills are used. Provide an examples.

When unexpected inflation is zero, the corresponding unemployment rate is not zero because:

A) the output gap is negative.

B) the output gap is positive.

C) structural unemployment and frictional unemployment are not zero.

D) cyclical unemployment is high and positive.

If an economy has an output gap of 0%, this means the economy is:

A) suffering from hyperinflation.

B) at its highest sustainable rate of production.

C) experiencing cyclical unemployment.

D) unsustainable in the long run.

Excess demand leads to a:

A) surplus and rising prices.

B) shortage and rising prices.

C) surplus and falling prices.

D) shortage and falling prices.

** I am fine with concise answer **

What are the methods for managing supply and demand? Which methods are capable of increasing capacity for hospitality firms?

If a nation chooses to reduce consumption and increase investment, how would this affect economic growth? In addition to investment in physical and human capital, what other public policies might a country adopt to increase productivity?

MUST BE AT LEAST 250 WORDS

Using the supply and demand analysis of the market for reserves, indicate what happens to the federal funds rate (the cash rate in Australia), borrowed reserves, and nonborrowed reserves in the following situations holding everything else constant.
(a) The Fed (central bank) raises the target federal funds rate.
(b) The Fed (central bank) raises the interest rate on reserves above the current equilibrium federal funds rate (the cash rate).

What are some ways to extend the product life cycle? Of these techniques, which one do you think is most useful? Why?

** I am fine with concise answer **

For this week's discussion, you will select a corporate brand and analyze environmental factors that impact real-world marketing strategic decisions. Discuss microenvironment, macroenvironment, and global marketing environment factors that impact the brand.

Explain how the balance of payments situation and the non-convertible nature of the Chinese Yuan (Renminbi) has influenced the current trade dispute between China and the U.S.A.

How might differences in a countries political ideology influence its policy with respect to protection of intellectual property rights? Why might this contribute to trade disputes?

1. What are the four levels of a product? How can peripheral services be used to gain a competitive advantage?

** Concise answer is fine **

What are the similarities and differences between hedging and speculating?