In the market for Iphones the equilibrium price for Iphones is $400, and the quantity of Iphones sold is 20,000.

(f) The Processor used to make Iphones becomes considerably cheaper and innovation raises the incomes of the population. Show the relevant shifts in your diagram

(g) Suppose the government implements a price ceiling of $300. What happens to the market?

(h) Suppose the government implements a price ceiling of $500. What happens to the market?

(i) Suppose the government implements a price floor of $300. What happens to the market?

(j) Suppose the government implements a price floor of $500. What happens to the market

express your current opinions about one part of the topic of "Economic Justice".   Simply offer your opinion and provide a reason.  

The government uses our tax money to provide various kinds of benefits for citizens like you and me; there are too many to list. Currently, our tax laws are such that wealthier Americans pay more in taxes- as a percentage of their income- than poorer people do. For example, a person who earns $1,000,000 in a year might pay a 20% income tax ($200,000) and a person who earns $45,000 per year might pay a 0 - 5% income tax (0 - $2,250).

Does this seem "fair" or "just" to you? Yes or no?

First, you will need to explain what you mean by the word "fair" or "just" here. Pick which of the two you want to define.

Second, please provide one reason that you think this situation is or is not fair or just (by your understanding of the word).

1. Describe what gross domestic product is and how it is measured. There are several transactions that are excluded from measuring GDP such as financial transactions, second-hand goods, etc.
2. Explain what these excluded transactions are and why they are excluded.
3. Select one of these excluded transactions and give your thoughts on how GDP would currently change if that item were included.

1. Explain why people demand for money and how demand for money would have been influenced by Covid-19 epidemic?

Since many people browse for products in a store, but then purchase them online, firms are less likely to hire knowledgeable sales staff. This is due to _________.

1. The free-rider problem

2. Tragedy of the commons

3. Moral hazard

4. Compensating wage differential

Create a real or hypothetical question that could be addressed with positive analysis regarding a microeconomics issue that affects your household or your firm.

An example of a microeconomics question that could be addressed with positive analysis is:

“How would an increase in the Federal minimum wage to $12/hour increase impact the cost of childcare in the US?” An interesting follow-up question would be: “How will an increase in minimum wages affect decisions by working parents to use childcare services?” Microeconomics applies to these topics because they are concerned with actions of individual households and businesses and prices in individual markets (labor and childcare labor). These questions are not seeking an opinion, but rather seek to understand the potential consequences of an increase in wages for childcare workers.

From the Portfolio Choice Theory: Consider an economy that is undergoing a recession. Using and drawing the demand and supply of bonds, show and explain what happens.

1. Consider two companies A and B sharing a market by producing identical goods (or highly substitutable goods). Company A’s marginal cost is MC=20 and company B’s marginal cost is MC=10. Market demand is known to be P=100-0.001Q.

1. Find profit maximizing level of Q_A and Q_B under oligopoly setting.
2. Determine the market price.
3. Determine the revenue of company A and B.
4. Determine the profit of company A and B.
5. Find collusive level of profit maximizing output for A and B (Under collusion A and B share the same MC=10 and share the market equally).
6. Using a simple game theory method, show that the collusive outcome is not sustainable. Be sure to construct a 2x2 matrix with correct payoffs.

This ad ran in 1947 by the diamond company De Beers. However, there is no mention of De Beers in the ad, only of diamonds. The ad is meant to increase demand for the entire diamond industry, rather than specifically increasing demand for De Beers diamonds. Why would De Beers run an advertising campaign that doesn’t even mention its name?

Explain the economics of: i) how and why the equilibrium Canadian interest rate (R_$) changes in response to the change in monetary policy adopted by the Bank of Canada; and ii) how and why that change in interest rate brings the Canadian money market (shown in the bottom panel) back into equilibrium.                             

Discuss how Change and complexity in the external environment have major implications for organization design and management action? Provide relevant examples.

Explain the logic of the monetary neutrality and why changes in the quantity of money only affect nominal variables and not real variables. Do you agree that monetary neutrality approximates the behavior of the economy in the long run? Why or why not?

MUST BE AT LEAST 250 WORD RESPONSE / DO NOT RESPOND AND OR ANSWER IF NOT AT LEAST 250 WORDS!!!!!

Which of the following is TRUE regarding the quantity theory of money (equation of exchange)?

1. The theory predicts that in the long run the inflation rate equals the money growth rate minus the growth rate of real GDP.
2. The theory predicts that countries with high growth rates of money will have high inflation rates.
3. The theory predicts that if the growth rates of real GDP are higher than the money growth rates while the velocity rates are constant, countries will experience deflation.

1. The following matrix shows strategies and payoffs for two firms that must decide how to price their products.

Firm 1 _____________________________________________________________________________________

                                          Price High                                                    Price Low

Firm 2             Price High                        200. 200                                                       50,   300

                        Price Low                         300, 50                                                         120, 120

1. Is there a dominant strategy? If so, what is it?
2. Is there a Nash equilibrium? If so, what is it?
3. Is this a Prisoner’s Dilemma Game? Why?

2. Suppose MC = $10. Given each of the following price elasticities compute the profit-maximizing price and the optimal markup.

1. -5
2. -4
3. -3