1. Suppose that the firms’ mark-up over costs is 5% and the wage-setting equation is W = P (1 − u) where u is the unemployment rate.

2. (a) Suppose the mark-up of prices over costs increases to 10%. What happens to the natural rate of unemployment? Explain the logic behind the answer and the sense in which there is nothing “natural” about the natural rate of unemployment.

1. How much is the overall GDP contribution of the uber ? Which part of the GDP does the event affect (C, I, G or NX)? Explain the expected effects on GDP (whether increase or decrease).
2. Will the event increase or decrease unemployment? Discuss the impact on the economy. {regarding uber

The title "How Monetary Policy Changed in Australia on 18th March 2020".

Could you please explain briefly, but clearly and correctly how the RBA managed the cash rate before 18th March, and what has happened since then? (In Australia)

economics is broken into two fields: microeconomics and macroeconomics. Most issues fall in one or the other; however, the COVID-19 virus has implications for both. Limiting your discussion to the U.S., explain why it touches on both microeconomics and macroeconomics and use specific examples to support that position. I recommend beginning with a distinction between the two fields and then proceeding.

• What are the possible effects from making these types of changes to either government spending or taxes?
• Give an example of a discretionary fiscal policy action you have seen taken in the past and why you felt that action was taken.
• please use mla format to cite

Refer to the scenario below to answer the following question(s).

Carol Veldt, owner of Seagull Terrace, watched her investment grow from a small, seaside motel to a thriving year- round resort in just a few years. Atop a cliff overlooking the Maine coast, Seagull Terrace had attracted thousands of visitors during summer, but then faced a tremendous downturn in business during winter. "But, given the established industries in the nearby towns, very little year- round competition, and our close proximity to Portland," Carol added, "I couldn't understand why seasonality had to hit Seagull Terrace so hard!"

So Carol spent her first winter devising a new marketing plan. She put together a promotional package designed to attract business travelers year- round. Carol's plan also involved a seasonal promotional gimmick to be implemented from early winter to late spring that would attract the same numbers as the large summer crowd. Her idea worked! During her second winter, Carol greeted numerous business travelers both satisfied repeat guests as well as new guests who had been snagged by her promotional appeals.

"We still have a long way to go," Carol admitted. "Our delicatessen offers entrees that are a part of the local cuisine, but we'd like to expand that. We provide health club privileges off- site, but we'd like to eventually provide our own. These are goals I hope to achieve in a few years. Our first project, however, included a renovation of our guest rooms and I'm quite proud of the results." Carol then added, "Actually there are so many possibilities. With an indoor pool area, I will eventually offer weekend getaways throughout winter."

23. Carol Veldt has decided to ask selected guests to participate in an extensive survey about their experience at Seagull Terrace and about their requirements in terms of amenities and cuisines. By implementing the suggestions, she receives from guests, Carol would be following the ________ concept.
    1. marketing
    2. product

23. 3. societal marketing
    4. selling
    5. production
24. Which of the following is true with regard to a market segment?             
    1. Dividing the market into segments decreases the efficiency of the selling process.
    2. Very few markets have segments.
    3. A market segment consists of consumers with dissimilar needs and preferences.
    4. Dividing the market into segments reduces composite demand.
    5. A market segment consists of consumers who respond in a similar way to a given set of marketing efforts.
25. Which is NOT part of the company environment that influences marketing decisions?

A) manufacturing

2. engineering
3. retailers
4. accounting
5. sales

1. A nondiscriminating monopolist earning positive short-run economic profit determines that its current marginal cost is $15 and its current marginal revenue is $20. To maximize profit, a firm should

2.

A monopolist maximizes profit at the quantity where the slope of its total revenue curve equals the slope of its total cost curve.

3.

A monopolist's demand curve

4.

A monopolist faces an upward-sloping marginal cost curve. Its profit-maximizing quantity will be

5.

A monopolist maximizes total revenue at the quantity where marginal revenue equals zero.

6.

A natural monopoly results when a firm has

7.

A monopolist has no supply curve because

8.

A profit-maximizing monopolist

9.

A monopolist is

10.

A monopolist's marginal revenue curve is flatter than its demand curve.

11.

A monopolist's supply curve is the portion of its marginal cost curve above average variable cost.

12.

A perfectly discriminating monopolist converts every dollar of producer surplus into economic profit.

13.

A monopolist's demand curve is

14.

A firm facing a downward-sloping demand curve sells 50 units of output at $10 each. The firm's marginal revenue is

15.

A natural monopoly is based on economies of scale.

16.

A monopolist's short-run supply curve is

17.

A monopolist maximizes profit at the quantity where its total revenue curve equals total cost.

18.

A monopolist price discriminates by

19.

A monopolist that engages in perfect price discrimination

20.

A monopolist has complete control over both price and quantity of output.

21.

The demand curve facing a monopolist

22.

A major fruit juice manufacturer failed in its attempt to engage in price discrimination between students and all other consumers. What is a possible explanation for this failure?

23.

A monopolist

24.

A price searcher is any firm that has no control over price and must accept the market price as given.

25.

A monopolist earning short-run economic profit determines that at its present level of output, marginal revenue is $23 and marginal cost is $30. Which of the following should the firm do to increase profit?

The United States economy is currently operating above the full employment level of GDP.

1. Draw a correctly labeled AD/AS graph for this economy showing equilibrium output and price level.
2. Identify an open market operation that the Federal Reserve could enact that will solve the problem.
3. Show and Explain how the policy you identified in (B) will affect each of the following in the short-run.
   1. output and employment
   2. price level
   3. nominal interest rates
4. If the interest rates you identified in (C) continued, explain what will happen to the following:
   1. U.S. financial assets
   2. International value of the dollar

This is our last discussion of the quarter, it's about the Currency Exchange and its effects on the macroeconomics:

1) Compared to Three (3) other currencies such as Canadian, Euro, China, and Japan (or other currencies you have interest in), please find out if the US Dollar currency has appreciated or depreciated since one year ago?

2) What are the effects of the appreciated/depreciated US dollar to the economy of the United States? State two positive effects and two negative effects.

Imagine the following hypothetical situation. Two firms, Super Chic Farm and Fortune Poultry, have become the only suppliers of fresh chicken meat in Singapore. Both firms are seeking to increase their profits and are considering entering into illicit price collusion by agreeing to charge artificially high prices. Such a practice is illegal and risks heavy fines. Analyse the interaction between the two firms using game theory. Present a payoff matrix to model the situation and analyse it for Nash equilibrium. Which is the best outcome for each firm? Which is the best outcome for society as a whole? What can be done by the firms or government to make society’s best outcome more likely?

1. Explain what the gravity model of trade predict are the major predictors of trade flows between countries. Discuss how this model helps to explain trade flows using three of its leading trade partners as examples.

Consider the predictions of the HO model and the Ricardian model of trade with regard to overall gains from trade, specialization, and distribution of income generated.

1. Explain the Leontief paradox. Make sure to explain why it is a paradox. Provide at least

   three explanations for this paradox.