Although, legal steps in the form of amendments have been laid to protect minority interests but it is undeniable that inequality on racial, ethic, and social groups still exists today. The current situation going on in the country is an explicit example of the same. Analyze in 150-200 words about such discriminations still prevalent in today's society.

Using the notion of total surplus, explain why perfectly competitive firms are efficient by monopolies are not. Be sure to draw graphs to explain your answer.

Would the employment effect of a minimum wage be larger or smaller if the labor demand elasticity with respect to wages is elastic (E < −1)? Briefly explain.

The cash flows in the table below represent the potential annual savings associated with two different types of production​ processes, each of which requires an investment of ​$38,000. Assume an interest rate of 9​%.

n   Process A   Process B
0   -$38,000 -$38,000
1   $17,510 $17,150
2   $15,750 $17,150
3   $13,990 $17,150
4   $12,230 $17,150

​(a) Determine the equivalent annual savings for each process.

The equivalent annual savings for process A are $_____

​(Round to the nearest​ dollar.)

Why a company would like to invest in China?

3. Despite an enormous potential market, many Biotech companies have shied away from R&D funding related to drug and alcohol addiction. 10 pts

Your firm, D&S, is a notable exception. It has spent 200 million to date working on a cure, but is now at a crossroads. It can either abandon its program or invest another $60 million today. Your opportunity cost of funds is 5%; unfortunately, it will take another four years before final approval from the Food and Drug Administration is achieved and the product is actually sold. Expected year–end profits are shown in the following diagram.

A. Should D&S continue with the plan to bring the drug to market or should it abandon its plan? What is your logic?

B. Discuss the relevance, if any, of the $200 million expenditure, to the decision to continue with the program. Relevant? Yes, No, why or why not?

C. Using the table(s) from class, show all your work, ie, the PV of each flow for every time period given the interest rate.

1. Year 1 $0

2. Year 2 $0

3. Year 3 $0

4. Year4 $5million

5. Year 5 $8million

6. Year 6 $13.4 million

7. Year 7 $17.2 million

8. Year 8 $20.7 million

9. Year 9 $22.40 million

D. Comment on the interest rate as it relates to the risk of this project. If the interest rate were 10%, what would happen to your PV and your answer.

Why?

7. If a researcher is considering whether to use distributed lags or proceed with a dynamic model, discuss the considerations to use one or the other

Why is the study of American Immigrant History an important and integral part of understanding the American experience?

Compare the approaches of Fisher’s transactions and Pigou’s cash balances to the
quantity theory. Are there any similarities between them? If so, in which respects? Or
should they be treated as different approaches altogether?

Please write your thoughts about the development of foreign trade since the 1980s in Turkey?

3. Suppose the inverse demand for a monopolist’s product is given by P (Q) = 150 – 3Q

The monopolist can produce output in two plants. The marginal cost of producing in plant 1 is MC1 = 6Q1

While the marginal cost of producing in plant 2 is MC2 = 2Q2 (Kindly answer clearly)

a) How much output should be produced in each plant?

b) What price should be charged?

2. Suppose the demand function for a monopolist’s product is given by P = 300 – 3Q and the cost function is given by C = 1500 + 2Q2 (Kindly answer clearly)

A) Calculate the MC.

B) Calculate the MR.

C) Determine the profit-maximizing price.

D) Determine the profit-maximizing quantity.

E) How much profit will the monopolist make?

F) What is the value of the consumer surplus under monopoly?

G) What is the value of the deadweight loss?