What is the impact of money growth on economy (short run, adjustment period and long run)?
In: Economics
In: Economics
Write an essay of not less than 300 words on the
importance of social distancing in the time of
Coronavirus.
****Please follow the instructions below:
I want 300 words and
I want in the essay an introduction, a presentation and a
conclusion,
and I would be grateful to you
In: Economics
The proposal should briefly answer the five W’s – who,
when, where, what, why – and
provide interesting facts about Egypt.
In: Economics
1. For many years, the container shipping industry has had a large amount of unused capacity. Would this unused capacity make it easier or harder for firms in the industry to collude? Explain.
2. Discuss the importance of information for effective tacit collusion. What kind of information do firms need and why?
In: Economics
Distinguish between shutdown and exit. When does a profit-maximizing competitive firm decide to shut down? When does it decide to exit a market? Explain your answer.
In: Economics
In: Economics
Manufacturers who refuse to deal with retailers who do not charge a suggested retail price have committed a per se violation of the antitrust laws.
True
False
In: Economics
Name: Jessica Villasenor
Date: June 14, 2020
Class: Principles of Microeconomics
Professor: Priti Verma
Assignment #4
1. Explain each of the following statements using supply-and-demand diagrams.
a. “When a cold snap hits Florida, the price of orange juice rises in supermarkets throughout the country.”
b. “When the weather turns warm in New England every summer, the price of hotel rooms in Caribbean resorts plummets.”
c. “When a war breaks out in the Middle East, the price of gasoline rises and the price of a used Cadillac falls.”
3. Consider the market for minivans. For each of the events listed here, identify which of the determinants of demand or supply are affected. Also indicate whether demand or supply increases or decreases. Then draw a diagram to show the effect on the price and quantity of minivans.
a. People decide to have more children.
b. A strike by steelworkers raises steel prices.
c. Engineers develop new automated machinery for the production of minivans.
d. The price of sports utility vehicles rises. e. A stock market crash lowers people’s wealth.
5. Over the past 40 years, technological advances have reduced the cost of computer chips. How do you think this has affected the market for computers? For computer software? For typewriters?
8. The market for pizza has the following demand and supply schedules:
|
Price |
Quality Demand |
Quantity Supplied |
|
$4 |
135 Pizzas |
26 Pizzas |
|
5 |
104 |
53 |
|
6 |
81 |
81 |
|
7 |
63 |
98 |
|
8 |
53 |
110 |
|
9 |
39 |
121 |
a. Graph the demand and supply curves. What are the equilibrium price and quantity in this market?
b. If the actual price in this market were above the equilibrium price, what would drive the market toward the equilibrium?
c. If the actual price in this market were below the equilibrium price, what would drive the market toward the equilibrium?
11. Suppose that the price of basketball tickets at your college is determined by market forces. Currently, the demand and supply schedules are as follows:
|
Price |
Quality Demand |
Quantity Supplied |
|
$4 |
10,000 Tickets |
8,000 Tickets |
|
8 |
8,000 |
8,000 |
|
12 |
6,000 |
8,000 |
|
16 |
4,000 |
8,000 |
|
20 |
2,000 |
8,000 |
a. Draw the demand and supply curves. What is unusual about this supply curve? Why might this be true?
b. What are the equilibrium price and quantity of tickets?
c. Your college plans to increase total enrollment next year by 5,000 students. The additional students will have the following demand schedule:
|
Price |
Quantity Demand |
|
$4 |
4,000 Tickets |
|
8 |
3,000 |
|
12 |
2,000 |
|
16 |
1,000 |
|
20 |
0 |
Now add the old demand schedule and the demand schedule for the new students to calculate the new demand schedule for the entire college. What will be the new equilibrium price and quantity?
In: Economics
US Billions USD
Increase in foreign holdings of US assets 84
Increase in US holdings of foreign assets 82
Statistical Discrepancy 32
Current Account Balance
Refer to the above table. The Current Account Balance =
In: Economics
The supply curve of work requiring a high school degree or less is QS = - 13,000 + 2000P and the demand for such work is QD = 11,000 - 1000P. Assume this is a competitive market.
1. What quantity is hired if a minimum wage of $10 is imposed? What is the deadweight loss (DWL) of this policy?
2. Instead of a minimum wage, policymakers introduce a $1.5 wage subsidy (think EITC). What is the quantity of work supplied under this policy? What is the DWL of this policy?
3. What percentage of the subsidy is captured by the employers? (Hint: the buyer's burden is represented by
In: Economics
research practice questions word limit (400-
600)
1) You are planning to open up a new restaurant
business, what kind of external environment will affect you.
2) Write the job description for a sales representative at best
buy. What will be the selection criteria and process, explain in
detail.
In: Economics
In: Economics
Research question for practice avoid plagiarism
(400-500) words
1) The role of employee motivation in an office environment.
2) Methods of managing stress for an effective workforce.
In: Economics