1. In monopolistically competitive markets, the property of free entry and exit suggests that

1. the market structure will eventually be characterized by perfect competition in the long run.
2. all firms earn zero economic profits in the long run.
3. some firms will be able to earn economic profits in the long run.
4. some firms will be forced to incur economic losses in the long run.

2. If, to begin, a market is perfectly competitive, and then it is taken over by three or four firms, we would expect, as a result,

1. an increase in market output and an increase in the price of the product.
2. an increase in market output and an decrease in the price of the product.
3. a decrease in market output and an increase in the price of the product.
4. a decrease in market output and a decrease in the price of the product.

1. Following is the schedule of quantities that would be supplied and demanded at various prices for oranges. Price Quantity Demanded Quantity Supplied $10.00 200 600 9.00 250 550 8.00 300 500 7.00 350 450 6.00 400 400 5.00 450 350 4.00 500 300 3.00 550 250 2.00 600 200

a. Graph the supply and demand curves. Identify the market equilibrium price.

b. If 40% of the orange crop is lost due to bad weather, show the impact on the market using the chart with any changes to the supply and/or demand curves to identify the new equilibrium price. (Use the additional column on the chart as needed to calculate new quantities and graph them to identify the impact on the market.)

2- For each of the following situations, use supply and demand curves and a written description to explain the effect on the market, including the changes in equilibrium price and quantity and any initial shift in either supply or demand.

1. The effect on the market for new automobiles if auto manufacturers must pay an increase in wages for auto workers.

2. The effect on the market for air travel if high-speed rail at 300 km/hr is introduced.

3. The effect on the market for Netflix if prices for satellite TV double..

4. The effect on the market for wheat if farmers improve production efficiency with better equipment.

1. Do you agree with Beccaria's assessment of the death penalty? Explain.
2. What portions of his reasoning do you most agree or disagree with?

Questions

Q1. Briefly discuss the factors of production and their roles in economic systems.   

Q2. Based on your knowledge of the staffing and Leading process, discuss in 500 words some amendments could be applied to improve the performance within Coast Coffee.

Costa Coffee

Costa Coffee was founded in London in 1971 by two Brothers Bruno and Sergio Costa as a wholesale operation supplying roasted coffee to caterers and specialist Italian coffee shops. Acquired by Whitbread in 1995, it was sold in 2019 to The Coca-Cola Company in a deal worth £3.9bn and has grown to 3,401 stores across 31 countries and 18,412 employees. The business has 2,121 UK restaurants, over 6,000 Costa Express vending facilities and a further 1,280 outlets overseas (460 in China). The Coca-Cola Company announced its intention of acquiring Costa Limited from parent company Whitbread PLC for $5.1 billion. The deal, which closed on 3 January 2019, gives the cola giant a strong coffee platform across parts of Europe, Asia Pacific, the Middle East, and Africa. It is the second largest coffeehouse chain in the world, and the largest in the UK.

Costa Coffee operates 2,467 outlets in the United Kingdom as of October 2019. Overseas, it operates 1,413 stores in 32 countries. The first Costa store outside the UK opened in the UAE in 1999 and, in September 2017, was the first coffee shop worldwide to start delivering coffee via drones to customers sunbathing on Dubai's beaches. Following Whitbread's £59.5m acquisition of Coffee Nation, a chain of coffee machines, the machines were re-branded as Costa Express. The company plans to expand to target hospitals, universities and transport interchanges. In Denmark, Costa Express machines are located in Shell stations. In the UK, grocery store chain SPAR has become a major operator of petrol station stores, most of which have Costa Express machines installed

On 19 August 2019 Costa Coffee attracted media attention due to claims of unfair deductions from the pay of its employees. Reports stated that current and former employees had £200 deducted from their pay for training as well as additional deductions for till discrepancies and running costs. Claims of unfair deductions were triggered by a Twitter post suggesting that staff at a Costa store were forced to reimburse money lost to scammers who came into the store. Trying to distance themselves from the controversy, Costa said contracts for franchise stores are managed by partners and that some staff contracts did have "clauses relating to deductions".

On 23 August additional claims appeared in the media that Costa Coffee franchise workers are "not treated like humans". The report included managers' alleged refusal to pay for sickness or annual leave, working outside of contracted hours and the retention of tips. It cited an anonymous former employee at a store under Goldex Essex Investments Ltd who claimed they had almost £1,000 of their holiday pay deducted from their salary, despite being contracted to work 48 hours a week. The report went on to say that baristas and employees at managerial level have complained about the numerous deductions outlined in Costa Coffee contracts written by franchise partners. A former manager is quoted as saying she had £150 deducted from her wages because she was five minutes late opening the store. Other fines outlined in the contracts were for used uniform that was damaged when returned to the employer, excessive waste and till discrepancies. In response to this article a Costa Coffee spokesperson said an independent audit has been launched.

How successful do you think the Progressive Era was in reforming the United States? Use evidence from Political, Social, Economic, Environmental reforms ( 3 brief paragraphs).

1. When does a fixed exchange rate regime become suspect of collapsing?

2.Bank runs are still a common problem in the United States

True

False

3.

Contagion of crises can stem from both trade and financial linkages

True

False

4. In lecture we likened speculative attack on central bank reserves to which of the following?

QUESTION FOUR [20]

List and briefly explain the main types of unemployment, including in your answer a discussion of the type of unemployment that is most prevalent in your country

QUESTION ONE [25]

Fully discuss how the production possibility frontier (PPF) can be used to illustrate economic growth. Include in your answer the main factors that contribute to economic growth. Apply this concept of the PPF to a country of your choice.

1. Discuss the strategic role that HRM plays within an organization
2. Descrive the main features and objectives of organizational developmeny in organizations

SUBJECT: ECONOMICS:

QUESTION FOUR:

4.2 Explain how fiscal policy can be implemented if an economy is in the downswing of a business cycle.

SUBJECT: ECONOMICS:

QUESTION FOUR:

4.1 Assume the aggregate demand of an economy is rising at 3%, but its productive capacity is only rising at 2%. Discuss the type of inflation this would lead to. Use a diagram to motivate your answer.    

Subject Economics:

QUESTION TWO

2.2 Discuss and motivate whether the following market structures can engage in price discrimination:

2.2.1 Perfect competition

2.2.2 Monopoly

Subject Economics:

QUESTION TWO:

2.1 Explain the kinked demand curve theory of an oligopoly. Include in your answer a discussion of a contemporary oligopoly.

Analyse the Impact of the coronavirus pandemic on the global economy, elaborate your answer using a diagram

Write a page on the Economic Aspects of France. Report about the country's major economic indicators, such as GDP and GPD per capita, unemployment rate, major imports/experts, currently fluctuation, recent up/downturns, etc.