The economy of Irinika has the following parameters: Autonomous exports = $520 million Autonomous imports = $220 million MPM = 0.20 a. The balance of trade at an income of $700 is $ . Remember to enter a minus (-) sign to indicate negative values. b. The balance of trade at an income of $2,000 is $. c. The income level at which there is a zero balance of trade is $ .

Complete the balancing row, in the table below, for the economy of Kaniria which is in equilibrium.

When illegal immigrants come to the U.S. from Mexico, does their act of moving here to work promote Purchasing Power Parity? Are they performing arbitrage in some market? Explain.

Answer the following questions for a single sampling plan with sample size n = 80 and c = 3 1. Draw the OC curve for the sampling plan, using the Poisson table distributed in class 2. If AQL = 2% and LTPD = 7%, what would be the producer's and consumer's risks associated with the sampling plan? 3. If the sampling plan is used to inspect a lot of 10,000 products with an average defective rate of 3%, what would be the average quality after inspection, assuming all the defectives will be replaced if detected?   

please answer with perfect formula !!!!!

without formula answer should be down thumbs

Suppose Governor Mary Smith is campaigning for reelection as governor of her state. She claims that during her first term, the state's citizens are 50% better off since GDP has increased from $10 billion to $15 billion. Why might her claim be misguided?

When using economic data and statistics to give credibility to a statement, especially for a policy proposal, it's important to be precise about what statistics are being used. In this question, what type of GDP statistic is Governor Smith referring to real, nominal, per capita, growth rate, etc.? Not only that but if she's claiming that citizens are "50% better off", is GDP even the best measure of well-being?

please answer all asked thank you!

Assume that a typical consumer's basket consists of 10 lbs of beef and 20 lbs of chicken. also assume that 2011 is used as the base year in the CPI calculation. Use the data below to answer the following two questions.

       a. Calculate the CPI in years 2010, 2011, and 2012

       b. Calculate the inflation rate between 2010 and 2011 and between 2011 and 2012.

One of the criticisms of oligopolies is the adverse impacts these firms have on income distribution. Do you believe that is a valid criticism? Discuss with appropriate examples

Perfect Competition is a model of which examples are few and far between. Yet economists love to discuss this model. Explain why.

2) Two firms, a and b, in a Cournot oligopoly face the inverse demand function p = 500 – 2Q. Their cost function is c (q_i) = 20 + 4q_i² for i = a, b. Calculate the profit maximizing price output combination. (3)

3) Two firms, a and b, in a Cournot oligopoly face the inverse demand function p = 25 – Q. Their cost function is c (q_i) = 0.5*q_i for i = a, b.  Calculate the profit maximizing price output combination. (3)

Relationship between total revenue and price elasticity of demand, example with graph and explain how even due to good weather some farmers are worse off?

Determine the price elasticity of demand, the cross-price elasticity of demand or the income elasticity in the following scenarios

a.  Consider the market for coffee. Suppose the price rises from $4 to $6 and quantity demanded falls from 120 to 80. What is price elasticity of demand? Is coffee elastic or inelastic?

b.  John’s income rises from $20,000 to $22,000 and the quantity of hamburger he buys each week falls from 2 pounds to 1 pound. What his income elasticity? Is hamburger a normal or inferior good?

c.  The price of apples rises from $1.00 per pound to $1.50 per pound. As a result, the quantity of oranges demanded rises from 8,000 per week to 9,500. What is the cross-price elasticity of apples? Are these goods substitutes or complements?

Production economic principles and the theory of the firm form the basis for analysing decisions by businesses about what goods and services to produce, how many goods and services to produce, and how to produce goods and services. Drawing on your understanding of the concepts of production functions, total, average, marginal, fixed and variable costs of production, and output and revenue, and using labelled diagrams, explain the key principles and measures a manager of a business would use to decide how much of a variable input to use in a production process and how much total product to make in a production cycle.

Define and explain the tenets of the perfectly competitive economic model. Explain, and show using diagrams and labels, why economists argue that competition between producers in markets to supply goods and services, and competition between consumers in markets to buy goods and services, with some conditions applying, will allocate scarce resources efficiently in the economy. Under what conditions, and why, do markets fail. Give examples of market failure, and why these occur, where markets do not provide the amount of goods and services that people would prefer, and which would make people as well off as they could be.

Compare and contrast the communication barriers for a typical store you would go to versus a communication barriers of an E-Commerce business that is online?   c