In this chapter, the virtues of perfect competition have been highlighted. Among the benefits of perfect competition, no buyer or seller taken alone can affect market prices. Also, efficiency is obtained since firms will produce at full capacity. While some economists praise perfect competition in the sense that it allows to achieve tremendous efficiency. Some economists argue that perfect competition is unnecessary and irrelevant since it may hinder innovation and invention. Provide your arguments for or against perfect competition.

Outright slave rebellions were rare in the Antebellum South. What methods did slaves use to diminish and resist slavery? On the other hand, what kept African-Americans enslaved? What were the “invisible chains” of slavery?

(True or False) Monopolists are neither productively efficient nor allocative efficient, and perfect competition is both productively efficient and allocatively efficient. However, Pareto optimal requires it is impossible to make one person better off without making at least one other worse off. And expalin why

Consider aduopolistic market wheredemand is given byP= 36 - 3Q, where Q = Q1 + Q2. For each duopolist, the constant per unit marginal cost is $18/unit and fixed costs are zero. a. Assume first that the duopolists hold Cournot conjectures when they make their choices. Find the Cournot equilibrium price, quantity, and profits. b. Now find the equilibrium price, quantity, and profits assuming the duopolistic competition as Bertrand. c. Find the equilibrium um price, quantity, and profit for each firm, assuming the firms act as a Stackelberg leader and follower, with Firm 1 as the leader.

An asset in the five-years MACRS property class costs $150,000 and has a zero estimated salvage value after six years of use. The asset will generate annual revenues of $320,000 and will require $80,000 in annual labor costs and $50,000 in annual material expenses. Assume a tax rate of 21%. Compute the after-tax cash flows over the project life and the NPW for a MARR = 12%. Is the investment acceptable?

Required: 1-2 paragraphs

Summarize the evolution of civil liberties in the United States.

explain how the various categories of federal government spending (such as spending on entitlements, or infrastructure or basic research) qualify as either consumption or investment spending. explain how the various categories of federal government spending (such as spending on entitlements, or infrastructure or basic research) qualify as either consumption or investment spending.

You will take on the role of the benevolent social planner. Remember the sole objective of a benevolent social planner is to maximize total surplus. Below are two lists of numbers. The top list represents the opportunity costs of a number of firms that supply an unspecified commodity. The bottom list includes the willingness to pay of a number of buyers who desire to purchase this unspecified commodity. Using these lists answer the following questions.

Sellers and their Opportunity Costs:

Trampled by Turtles 7

Dispatch 8

Valerie June 7

Daft Punk 2

JoshRitter 3

Delfonics 5

Yola 2

Los Lobos 5

Che Apalache 4

Buyers and their Willingness to Pay:

Dolly 4

Loretta 8

Crystal 10

Ernest 5

Dwight 7

Rosanne 10

Ronnie 7

Clint 5

Tracy 9

1. How many exchanges should occur? (1 point)

2. What is the total surplus of each exchange that occurs? Give the seller’s letter, the buyer’s letter, and the total surplus of this pair’s exchange. (1 point)

3. What is total surplus for the entire market? (1 point)

4. Assume that a price ceiling is imposed upon this market. No unit will be permitted to trade for a price above $4.50.

         a. What is quantity supplied at this price? (1 point)

         b. What is quantity demanded at this price? (1 point)

         c. How many exchanges occur? (1 point)

5. Assume that the government has decided to impose a $3 tax per unit, to be paid by the sellers. A seller who does not sell a unit pays no tax. Therefore, the tax is like a cost increase of $3. A seller’s cost will really be $3 above the listed opportunity cost.

         a. How many exchanges will occur? (1 point)

         b. What is the total surplus of each exchange that occurs? Give the seller’s number, the buyer’s number, and the total surplus of this pair’s exchange. (1 point)

         c. What is total surplus for the entire market? (1 point)

         d. Is there any deadweight loss? If so, what is it? (1 point)

What new opportunities do these technologies create, and what responses are needed to ensure positive economic effects, inclusivity and equal access to benefits?

This more of the AI question, please explain me in details and the major points. Please help needs to understand this!

M6_IND4. A chemical plant stores spare parts for maintenance in a large warehouse. Throughout the working day, maintenance personnel go to the warehouse to pick up supplies needed for their jobs. The warehouse receives a request for supplies, on average, every three minutes. The average request requires 2.75 minutes to fill a request. Maintenance employees are paid $21.50 per hour and warehouse employees are paid $16 per hour. The warehouse operates 8 hours per day. a) Based on the number of maintenance employees in the system, an 8 hour work day, and the given arrival and service rates. What is the system cost per day (to the nearest $) if there is only 1 warehouse employees working? b) Based on the number of maintenance employees in the system, an 8 hour work day, and the given arrival and service rates. What is the system cost per day (to the nearest $) if there are 2 warehouse employees working? c) Based on the number of maintenance employees in the system, an 8 hour work day, and the given arrival and service rates. What is the system cost per day (to the nearest $) if there are 3 warehouse employees working? d) What is the optimal number of warehouse employees to staff the warehouse?

In a particular market there are several hundred firms, all of the firms produce an identical product, and it is easy to get in and out of the market. At the current market equilibrium we observe the following for a typical firm:

P=100

MC=100

ATC=75

1. Find the firm's marginal revenue
2. Is this firm maximizing profit? Explain how you can tell.
3. Find the firm's profit.
4. What two things must be true for a competitive market to be in a long run equilibrium?
5. Is this market in a long run equilibrium? Why or why not?
6. What do you expect to happen to the price in this market? What do you expect to happen to the number of firms in this market

Monetary Policy

If demand is lower than expected, the economy would be experiencing a(an) 1.___________________ gap.

In order to close the gap using monetary policy, the Fed can (buy/sell) 2._____________ U.S. bonds through a process called 3._____________________________.

This would (increase/decrease)4. ______________ the money supply.

This change in the money supply will impact which component of aggregate expenditure? 5.____________________

This will ultimately shift (demand/supply) 6.__________________to the (right/left) 7.____________________ to close the gap.

This will result in (inflation/deflation) 8.___________________________.

Employment will (increase/decrease) 9.________________________.

If demand is higher than expected, the economy would be experiencing a(an) 10.____________________gap.

In order to close the gap using monetary policy, the Fed can (buy/sell) 11._____________ U.S. bonds through a process called 12._____________________________.

This would (increase/decrease) 13.______________ the money supply.

This change in the money supply will impact which component of aggregate expenditure? 14.____________________

This will ultimately shift (demand/supply) 15.__________________to the (right/left) 16.____________________ to close the gap.

This will result in (inflation/deflation) 17.___________________________.

Employment will (increase/decrease) 18.____________________________.

1. You have just been appointed to evaluate some of the social programs. Your mission, which you have no choice but to accept, is to reform De- mogrants and Employment Insurance (EI) because they are presently not a§ordable and rife with ine¢ ciencies. One fundamental issue that underlies the reform of demogrants and Employment Insurance (EI) is the conáicting objectives of providing adequate income protection on one hand and providing a more e¢ cient incentive structure on the other hand. Explain the nature of the disincentive e§ects that are involved with demogrant payments and the disincentive e§ects that are involved with EI. Your response should be set in the framework of the labour supply model, which means a discussion of the income e§ect and the substitution e§ects. Support your answer with help of diagrams and at the same time give an intuitive explanation of the economic behavioural mechanisms.

Please answer the following questions on the 2008 financial crisis please answer 1-2 paragraphs each.

• What was the financial situation that consumed Wall Street and the Federal government in 2008?

• Which government officials played critical roles in addressing the financial crisis, and how did they address it?

• How would you critique the ethical culture of Wall Street and those insiders on Wall Street who triggered the financial crisis?

   4. Who is to blame? Are there any good guys here?