Questions
Lionel and Cristiano are thinking whether they should meet up to watch the movie “Bend it...

Lionel and Cristiano are thinking whether they should meet up to watch the movie
“Bend it like Beckham” together. If they meet up they will have to pay $5 for the movie plus
they will miss soccer training. Missing soccer training makes Cristiano score 2 less goals
per season while Lionel keeps scoring the same number of goals. What is true?
a. The opportunity cost to watch the movie for Cristiano is $5
b. The opportunity cost to watch the movie for Cristiano is missing 2 goals
c. Lionel has a comparative advantage in scoring goals
d. Lionel has an absolute advantage in scoring goals
e. None of the above

Hi, I wanna know why c is wrong?

Which of the following statements is true?
a. Firms in a monopolistically competitive market will always earn zero economic profits in the short run
b. A firm in a monopolistically competitive market has no market power
c. Firms in a monopolistically competitive market choose a point where MR equals AC to maximise profit
d. A firm in a perfectly competitive market faces a perfectly elastic demand curve
e. All of the above are false

In: Economics

The economy of Palestine is suffering from recession, use the suitable economic policy to correct this...

The economy of Palestine is suffering from recession, use the suitable economic policy to correct this situation.

Explain briefly & Graph your answer using Ad & AS model.

In: Economics

Circle the letter that correspond the best suitable answer: The table below contains data for a...

Circle the letter that correspond the best suitable answer:

The table below contains data for a country, which produces only X and Y.

The base year is 2010.

Year

Price of X

Q of X

Price of Y

Q of Y

N GDP

R GDP

Def

2010

$3.00

90

$1.00

150

2011

$4.00

100

$2.00

180

2012

$5.00

120

$3.00

200

Refer to Table. In 2012,

a.

GDP deflator was 100.00

b.

GDP deflator was 158.33.

c.

GDP deflator was 214.28.

d.

GDP deflator was 285.71.

In: Economics

. The rate of diffusion is discussed by the sociological and organizational literature, Economics literature, and...

. The rate of diffusion is discussed by the sociological and organizational literature, Economics literature, and Marketing literature. Please explain the focus of each.

In: Economics

Does the lure of profit shift the university's mission away from basic research? Please discuss briefly.

Does the lure of profit shift the university's mission away from basic research? Please discuss briefly.

In: Economics

ECONOMETRICS Describe the diagnostic tools you would use to determine if your ARIMA model is appropriate.

ECONOMETRICS
Describe the diagnostic tools you would use to determine if your ARIMA model is appropriate.

In: Economics

Suppose marginal benefit from a hectare of for a public park (assume it is a pure...

Suppose marginal benefit from a hectare of for a public park (assume it is a pure public good) for two groups of consumers (A and B) is given by: MBa = 10 − Q and MBb = (8 – Q)/2 where Q is the number of hectares of the park. To simplify our analysis, assume that there are only 1 consumer of each type. The marginal cost to provide the park is a constant $5.

a) What is the socially efficient number of hectares for the park?

b) Assume that the consumers each makes a voluntary contribution to a fund which will be used to build the park. The size of the park depends on the amount of money collected. How many hectares will be built in the end? Assume both consumers know the marginal cost and marginal benefit function of each type.

In: Economics

The actress Betty White will probably die soon. What effect does this have on the market...

  1. The actress Betty White will probably die soon. What effect does this have on the market for Betty White memorabilia today?

(A) Supply increases.

(B) Supply decreases.

(C) Demand increases.

(D) Demand decreases.

Which of the following is the best example of inductive thinking?

(A) A mathematical proof of the Pythagorean Theorem.

(B) "All dogs are mammals. Tony is a dog. Therefore, Tony is a mammal."

(C) I hate Mondays.

(D) I asked around, and Brock University is where all the beauties are.

59. Consider the following argument:

Big Chungus is a fat rabbit. All fat rabbits can fly and shoot laser beams

from their eyes. Therefore, Big Chungus can fly. How would you categorize this argument?

(A) It is logically valid and logically sound.

(B) It is neither logically valid nor logically sound.

(C) It is logically sound but not logically valid.

(D) It is logically valid but not logically sound.

A perfectly elastic demand curve has a price elasticity of demand of:

(A) ∞

(B) 1

(C) 0

(D) 101.345

In: Economics

I NEED PLEASE ENVIRONMENTAL ANALYSIS IN UBER MARKETING PLAN THE PLACE IS CYPRUSS MAGUSA (FACULTY ,...

I NEED PLEASE ENVIRONMENTAL ANALYSIS IN UBER MARKETING PLAN THE PLACE IS CYPRUSS MAGUSA (FACULTY , MARKET)

I. ENVIRONMENTAL ANALYSIS THAT CONCLUDE JUST

Competitive forces

In: Economics

explain how Emirates Airlines have dealt with COVID-19 to maintain their customer relationships?

explain how Emirates Airlines have dealt with COVID-19 to maintain their customer relationships?

In: Economics

Explain the following : Short run tradeoff (negative relationship) between unemployment & inflation. policy is not...

Explain the following :

  1. Short run tradeoff (negative relationship) between unemployment & inflation.
  2. policy is not efficient in the LR.
  3. Money supply curve is vertical.
  4. Expenditure multiplier + Tax multiplier = 1.

In: Economics

One of the largest changes in the economy over the past several decades is that technological...

  1. One of the largest changes in the economy over the past several decades is that technological advances have reduced the cost of making computers.
    1. Draw a supply-and-demand diagram to show what happen to price and quantity in the market for computers.
    2. Forty years ago, students used typewriters to prepare papers for their classes; today they used computers. Does that make computers and typewriters complements or substitutes? Use a supply-and-demand diagram to show what happen to price and quantity in the market for typewriters. Should typewriter producers have been happy or sad about the technological advance in computers? Give a reason for your answer.
    3. Are computers and software complements or substitutes? Draw a supply-and-demand diagram to show what happen to price and quantity in the market for software. Should software producers have been happy or sad with about the technological advance in computers? Why/why not?
    4. Does this analysis help explain why software producer Bill Gates is one of the world’s richest people?

In: Economics

Why has the way people think about Columbus and what he did changed over time?

Why has the way people think about Columbus and what he did changed over time?

In: Economics

Brownfield investments have a proven and impactful role to play for underdeveloped and developing countries, in...

Brownfield investments have a proven and impactful role to play for underdeveloped and developing countries, in which situations a developed country will welcome brownfield investments in spite of having abundant resources depth?

You have to construct your response by using a developed country as a case in focus.

In: Economics

Critically analyze the possible implications of primary cultural attributes of a country for its import business...

Critically analyze the possible implications of primary cultural attributes of a country for its import business practices. Furthermore will there be any difference among such implications for a developed country VS an under developed country?

In: Economics