3. In the country of Macroland, the labor market is represented by the following equations:

                        Q_D = 600 – 40W

                        Q_S = -50 + 60W

where Q is the quantity of Labor in millions of workers and W is the wage rate.

(a) Currently the minimum wage Law in Macroland is $10 per hour. Calculate, the number of labor supplied, the number of labor demanded, the number of unemployed and the unemployment rate.              

(b) If Macroland eliminates the minimum wage law, what would happen to total employment, wage rate and the unemployment rate? 0

(c) In a clearly labeled graph, show your results for (a) and (b).

1)examples of elasticity, including an explanation of why or how they demonstrate the concept of elasticity;

2) examples of externalities, again including an explanation of why or how they demonstrate the concept of externalities.

1. Suppose the Fed decides to increase the money supply. It purchases a government bond worth $2,000 from Antonia, a private citizen. Antonia deposits the check in her account at First National Bank. Supposed the required reserve ratio is 0.2 (20%).

(a) Trace the effect of this change through three banks- First National, Second Federal, and Third State.

(b) How much money will be generated in this banking system?

Question 4 (the length of your answer for the entire question should not exceed two pages at the most)

1. (10 points) Poverty is mostly a rural phenomenon in many developing countries. In view of this observation, what policies would you recommend for poverty reduction in developing countries.
2. (10 points) In 1994, the United Nations provided the human security framework as a wider development and security paradigm. Describe any three of the key characteristics of this paradigm that makes it relevant to the contemporary reality.

please reply fast

The price elasticity of demand for the output of a firm is -2 and the price elasticity of demand for the output of the entire industry is -0.5.

a. Calculate the Rothschild Index for this industry.

b. Suppose that a firm and industry prices increases by 5 percent. What is the relative impact on firm and industry sales?

Suppose two airlines A and B must decide whether to discount a flight from Newark to LA. If both firms don’t discount the flight each firm earns a profit of 20. If both firms discount the flight, each firm earns a profit of 10. If firm A discounts the flight while firm B doesn’t, firm A earns a profit of 100 while firm B has a loss of 20. If firm B discounts the flight while firm A doesn’t, firm B earns a profit of 100 while firm A has a loss of 20.

a. Use the information to construct a payoff matrix for firms A and B.

b. Does firm A have a dominant strategy?
c. Does firm B have a dominant strategy?
d. What is the Nash Equilibrium for this game?

Explain your answers.

A firm sells a good that is perceived by consumers as a necessity. It also has few substitutes. This good is likely to have demand that is _______ and the price elasticity of demand (in absolute value) would be _______. a. elastic, less than one b. inelastic, greater than one c. inelastic, less than one d. elastic, greater than one Assume there is a decrease in the price of a complement and a decrease in the price of a substitute in production. Which of the following statements is correct? a. The equilibrium price will definitely decrease. b. The equilibrium quantity will definitely increase. c. The equilibrium quantity will definitely decrease. d. The equilibrium price will definitely increase. When both demand and supply change simultaneously, there will be some uncertainty in the results. a. True b. False The sellers of a good have requested the government to stop the price from going below a certain amount. If the government grants the request, the price restriction will be a price ceiling. a. True b. False Assume that a store has a 20% off sale that causes an increase in quantity demanded of 25%. The price elasticity of demand is _______ (in absolute value) and the demand for the good is _______. a. 1.25, inelastic b. 1.25, elastic c. 0.80, elastic d. 0.80, inelastic

Select any five from the following contemporary strategic management issues and discuss its relevance and importance to the corporate strategic management process of the Nike company:
- Effective use of energy with moves towards electrification.
- Sustainable use of natural resources.
- Protection of the biosphere and the development of carbon neutral organizations.
- Country self-sufficiency.
- Greater energy and resource efficiency.
- Reduction and disposal of waste.
- Change of attitudes and lifestyle.
- Sustainable use of natural resources.

Case study

1. why are private so high in the united states?

2. how are commercial insurance prices set for hospital services?

3. How are Medicare prices set for physician’s services?

4. How are Medicare prices set for hospital services?

5. should governments be involved in private price negotiations?

1) How is the idea of the government spending multiplier, or multiplier effects in general, illustrated in this video?

2) What could happen to Jacksonville MSA's local economy and the Southeast region if such a major project, which was initiated in June 2014, is completed and all needed state funding is secured?

Identify any crises that happened financially and economically from Ireland and how it links within the global trade and finance communities. What is Ireland's economic impact relative to the United States? Conclude with a short debriefing of Ireland's economic impact relative to the United States. Would it have been better to not have these 'linkages'? Did the linkages convey benefits or trade/economies of scale for local manufacturers? Are the crises still affecting Ireland?

What can over-reliance on tools that look at competitive forces lead to?

The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent certain types of cancer. You are the manager of a bakery that produces and packages gourmet bran muffins, and you currently sell bran muffins in packages of three. However, as a result of this new report, a typical consumer’s inverse demand for your bran muffins is now P = 4 - 0.5Q.

If your cost of producing bran muffins is C(Q) = 1.5Q, determine the optimal number of bran muffins to sell in a single package and the optimal package price.

Instruction: Enter your response for the optimal package price rounded to two decimal places.

Optimal package size:__ units

Optimal package price: $

A price quote for equipment at Paul Engineering has been received at a cost of $100,000. The operation and maintenance costs of this equipment are estimated to be about $20,000 per year. Salvage value is expected to be $10,000 when the machine is retired. The life of this equipment is estimated to vary anywhere from 5 to 9 years with the associated probabilities as shown in the table below. If the interest rate is 10%, what is the expected EUAC for this equipment?

Discuss how the beliefs of the Mercantilists about a zero sum game were challenged by Adam Smith who argued instead about a positive sum game. (250 words)