Would like to have a nice summary for each question.

The Profit Maximizing decision for the Monopolist with the Perfectly Competitive firm/industry. How do they differ? Note the differences between the Demand curve for the PC firm and the Demand curve for the Monopoly. What kinds of profits accrue to the Monopolist? Why is it said that the Monopolist’s profits persist? Why is that not true for the firms in a Perfectly Competitive industry?

Thanks

You have learned that money velocity is rather stable. Assume for simplicity that the velocity is constant (the quantity theory of money). Explain how the growth in the money supply and inflation are related.

3. What is the shape of the AS curve in the SR versus the LR and why?

1. a) When the Fed lowers interest rates, what is the impact on the value of the dollar, exports, imports, consumption, investment, and the AD curve?

b) When the Fed raises interest rates, what is the impact on the value of the dollar, exports, imports, consumption, investment, and the AD curve?

2.Explain the differences between classical economists and Keynesians in regards to monetary policy during a recession.

3. Explain efficiency-wage theory.

1. A. Assume that the total population is 200, the size of the labor force is 100, the amount of people employed is 90, and the amount of people unemployed is 10. Calculate the unemployment rate?

B. In general, approximately what is the lowest unemployment rate that can reasonably expected and why?

In your own words, write a short business report (400-500 words) about Alibaba Group business model?

Why will the price level tend to rise as firms get closer to their productive capacity? Would expansionary fiscal and monetary policy be beneficial on the vertical portion?

4. Common resources and the tragedy of the commons

Rajiv, Yakov, and Charles are lumberjacks who live next to a forest that is open to logging; in other words, anyone is free to use the forest for logging. Assume that these men are the only three lumberjacks who log in this forest and that the forest is large enough for all three lumberjacks to log intensively at the same time.

Each year, the lumberjacks choose independently how many acres of trees to cut down; specifically, they choose whether to log intensively (that is, to clear-cut a section of the forest, which hurts the sustainability of the forest if enough people do it) or to log nonintensively (which does not hurt the sustainability of the forest). None of them has the ability to control how much the others log, and each lumberjack cares only about his own profitability and not about the state of the forest.

Assume that as long as no more than one lumberjack logs intensively, there are enough trees to regrow the forest. However, if two or more log intensively, the forest will become useless in the future. Of course, logging intensively earns a lumberjack more money and greater profit because he can sell more trees.

The forest is an example of   because the trees in the forest are   and   .

Depending on whether Yakov and Charles both choose to log either nonintensively or intensively, fill in Rajiv's profit-maximizing response in the following table, given Yakov and Charles's actions.

In which of the following does the Federal Reserve Bank not play a role?

A. moderating long term interest rates

B supervising and regulating banks

C controlling the size and growth of the money supply

D stabilizing prices

Keynesian economics holds that

A recessions could be so long that typical models of economic collapse and recovery may not work

B. the markets invisible hand needs occasional help from government intervention

C All of these answers

D economic growth is closely tied to the ability of individuals to consume goods

Much of what became the Affordable Care Act also known as Obama Care was drawn from proposals originally developed by

A Bill Clinton

B Mitt Romney

C Hilary Clinton

D George H. W Bush

A car assembly company ASSEMCO is legally obligated by a contract to buy 25 engines from ENGCO at the end of two years at a price of $5000 per engine. Accordingly, ASSEMCO started assembling cars that Öt ENGCO engines. In the second year, due to some events in the car manufacturing industry, ENGCO decides to increase the price of their engines, or otherwise it will go bankrupt. What should the manager of ASSEMCO do in this case? How could this problem have been avoided? Did the manager choose the wrong method of procuring inputs?

Why is the “labor participation rate” important? By referring to three real world cases (one being the increase in women’s participation in the labor force) explain how social and economic changes can affect this variable?

Identify the type of specialized investment that each of the following situations require: 1. You need to hire an employee to operate a machine that only your company uses. 2. Your input supplier is far away from your facility. 3. You need your supplier to provide you with an input that they do not usually produce and that only you can use in the production process

Explain why a negative externality in production results in too much of the good being produced from society's perspective, whereas a positive externality results in too little being produced. How, according to Pigou, might such over- and under-allocation of resources be corrected?

1. Research the importance and levels of investment spending in the US.

2. Explain the Interest Rate effect on business borrowing and levels of employment.

3. Collect official data on the Investment level in the US. See Instructions in the important document.

Describe existing safeguards used to ensure providers provide quality care, due to lack of sufficient financial incentives.