6. John has a car he wants to sell. His goal is to get as much as he can for the car (profit-maximizer). He lists the car in the local paper with no price – just “highest bidder” and announces a time to come by if interested. 3 potential buyers show up. Paul is willing to pay $1,000 for the car. George is willing to pay $2,000 for the car. Ringo is willing to pay $8,000 for the car. George makes an offer of $2,000 first and Paul leaves. Answer the following questions:

a. Who will get the car and at what price?

i. Paul will come back and get the car for $1,000

ii. George will get the car for $2,000

iii. Ringo will get the car for $8,000

iv. Ringo will get the car for just over $2,000

b. What will the consumer surplus be?

i. 0 because the buyer is paying exactly his willingness to pay price

ii. Ringo will leave with a consumer surplus of just under $6,000

iii. Ringo will leave with a consumer surplus of just over $6,000

iv. Ringo will leave with a consumer surplus of $8,000

c. Suppose John was willing to sell the car for $1,500 but no less. What is the producer surplus in this case?

i. 0 because John did not get his expected price

ii. 0 because John got more than his expected price

iii. 0 because John got less than his expected price

iv. Just over $500 give the price he was able to sell it for that much more than his willingness to sell price

Compare and contrast direct finance and indirect finance. Give a specific example of each and discuss in detail the differences. Which is more likely to have a larger share of the total financial market in a mature economy like the United States? Explain why

can you explain competitive interaction in real estate investment trust (REIT) in the following Malaysian industries.

1- ATRIUM

2- CMMT

3- HEKTAR

4- KIPREIT

Are luxury good inferior goods? Why lower price luxury goods will not attract people? Can you use graph to explain?

what would you guess Arthur Millers viewpoint to be on capitalism?

6. When an increase in price of one commodity decreases the demand for another commodity (negative cross price effect), then two commodities are substitute goods  

1. True
2. False

7. When the increase in price of one commodity decreases the demand for another commodity (negative cross price effect), then the two commodities are said to be complementary goods  

1. True
2. False

8. An increase in income of consumers will result in an increase in demand of a commodity only if, it is considered as a superior commodity by the consumers

1. True
2. False

9. An increase in advertising outlay by a firm increases the quantity demand of its product because it enhances its quality

1. True
2. False

10. An increase in expected/future price of a commodity will always increase its demand in the present period

1. True
2. False

What measures should South Africa put in place to ensure that the weakening rand does not affect growth?

3. Is being in a trade deficit a bad thing, and why? What does it explain about the macroeconomy if a country is in a trade deficit?

With COVID-19, how does the fact that the Army Corps of Engineers building better and more improved medical clinics economically impact the United States economy?

2. What two countries are the US in the largest deficits with, and why?

Please type!!

Write an APA formatted paper on a topic dealing with ethics as it pertains to information technology, specifically online bullying/online aggression. Also, link the websites or cite it in APA format.

Perfectly competitive industries are:

Group of answer choices

A. difficult to enter because there are already so many producers in the industry.

B. not particularly appealing or attractive to enter because there tend to be so many buyers that it is difficult to deal with them.

C. relatively easy to enter but not so easy to exit from.

D. none of the above

A perfectly competitive firm should increase its level of production as long as

Group of answer choices

A. total revenue is less than total cost.

B. the total revenue curve is rising.

C. marginal revenue is greater than marginal cost.

D. the marginal revenue curve is rising.

If firms are earning zero economic profits, they must be producing at an output level at which:

Group of answer choices

A. price equals marginal cost.

B. price equals average total cost.

C. price equals average variable cost.

D. marginal revenue equals marginal cost.

Which of the following is a characteristic of perfect competition?

Group of answer choices

A. many sellers and few buyers

B. many buyers and few sellers

C. a homogeneous product

D. high barriers to entry and exit

In a perfectly competitive market, the market demand curve is perfectly elastic.

Group of answer choices

A. True

B. False

Using the theory of price discrimination, explain why airlines charge higher fares to their customers during Christmas but offer significant discounts at other times of the year.

What policy instruments does the Fed use for the monetary policy?

What are the pros and cons of using expansionary and contractionary monetary policy tools under the following scenarios: depression, recession, inflation, and robust economic growth? Which do you think is more appropriate today?

Patents protect some inventions. One of the controversial aspects of the patent system is the patents that are granted to pharmaceutical companies. Critics of the patent system claim that these increases the price of life-saving drugs and make them unaffordable to the poor. What would happen if drugs were not allowed to be patented in the interest of increasing their availability at a lower price? How do the long-run and short-run effects differ? Please be descriptive and use diagrams if necessary.