In: Economics
Explain the steps of the scientific method.
Explain the use of logic to reach a valid conclusion.
In: Economics
In a small town in France, the demand curve for wine is given by PD = 124 - 2QD and the supply curve for wine is given by PS = 4 + 2QS. Suppose a price ceiling is imposed on wine at a price of $50. This will cause a _____________(shortage/surplus) of ______________ bottles of wine.
In: Economics
In a local market, the monthly price of Internet access service decreases from
$3535
to
$2525,
and the total quantity of monthly accounts across all Internet access providers increases from
80 comma 00080,000
to
180 comma 000180,000.
What is the value price elasticity of demand, expressed as a positive number?
is it 3.75?
. (Round your answer to two decimal places.)
The demand is
In: Economics
Consider the topics addressed and the resources presented in this course. Which of these do you believe will be most meaningful to you in your career either now or in the future? Why? What information have you gained that will influence your dissertation research? Explain.
Topics are:
Topic 1: Overview of Marketing History and Philosophy
Topic 2: Evolution of Marketing Theories
Topic 3: Rise of Multinational Marketing
Topic 4: Changing Nature of Markets
Topic 5: Legal and Ethical Considerations
Topic 6: Evolving Organizational Structures
Topic 7: Rise of Marketing Departments
Topic 8: Emerging Marketing Strategies
In: Economics
When the Gizmo Company could sell a gizmo for $10, it produced 2,500 per month. More recently, the price of a gizmo has fallen to $9 and so Gizmo is only producing 2,000 units per month. What is the price elasticity of supply for gizmos?
A.
minus−0.47
B.
0.47
C.
minus−2.11
D.
2.11
In: Economics
which of the five marketing management orientations best applies for buffalo wild wing?
In: Economics
Assume the following set of equations describe the economy of Agriland:
Consumption = $100 billion + .6YD YD refers to disposable income
Investment = $90 billion
Government spending = $70 billion
Taxes = .25Y
Exports = $65 billion
Imports = 0.1Y
In: Economics
In: Economics
What are the demographics of the population(s) migrating in the UK? What are the reasons for migrating (push and pull factors)
In: Economics
what are the safeguards that are in place to prevent corruption in the Caribbean Court of Justice
In: Economics
Answer the following questions, please be thorough in your response.
1. Give an example of a positive and negative externality and what regulations the government would use to correct the negative externality?
2. Choose a product protected by intellectual property rights. Discuss the advantages and disadvantages of that product being protected
In: Economics
4. Consider an economy in which the amount of
investment is equal to the amount of saving
(i.e., the economy is closed to international flows of
capital).
Any output that is not saved is consumed (all equivalently, C=Y-S;
C=Y-I; c=y-s; c=y-i).
The production function is ?? = ?????? and labor force grows at
rate n while productivity (A) is
constant.
The “golden rule level of saving – investment ” is the “optimal”
saving – investment rate
(????) that maximises consumption per worker (?? is the fraction of
income that is invested –
saved).
Prove that marginal product of capital (MPK) equals (?? + ??) at
the golden rule level of saving
– investment (?? is depreciation rate).
Show the golden rule level of saving – investment on a graph.
On the same graph, show the case in which this economy is over
saving – investing. (Hint: In
this case, higher saving - investment does increase GDP per worker,
but not consumption
per worker.)
In: Economics
In: Economics
Discuss the Federal Reserve's unconventional policy tools that they employed during the 2008 crisis. Make sure you discuss the following:
How did they differ from the normal policy approach of the Fed prior to 2008?
Now compare this to the Fed's actions during the current CoVID-19 crisis. What has the Fed done this time that is different from the 2008 crisis?
What might be perceived as "dangerous" by those that are interested in prudence from the Federal Reserve?
What has been the effect on the financial markets of the Fed's actions?
In: Economics