Questions
Why is the “labor participation rate” important? By referring to three real world cases (one being...

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?

In: Economics

GAME THEORY AND OLIGOPOLY. Profit payoff Matrix for Subways and Quiznos (Sandwich Style Resturants. Below is...

GAME THEORY AND OLIGOPOLY. Profit payoff Matrix for Subways and Quiznos (Sandwich Style Resturants. Below is the profit payoff matrix for these two restaurants depending on whether they set their Chicken sandwich price HIGH or LOW

            

TABLE 1

Quiznos LOW price

Quiznos HIGH price

Subway LOW price

$7 million for Subway

$7 million for Quiznos

$12 million for Subway

$5 million for Quiznos

Subway HIGH price

$5 million for Subway

$12 million for Quiznos

$9 million for Subway

$9 million for Quiznos

a) Using Table, what if any is the collusive outcome? Explain whether it will occur.

b) Using Table, what if any is the Nash equilibrium? Explain whether it will occur.

TABLE 2

Quiznos LOW price

Quiznos HIGH price

Subway LOW price

$7 million for Subway

$8 million for Quiznos

$12 million for Subway

$6 million for Quiznos

Subway HIGH price

$10 million for Subway

$12 million for Quiznos

$9 million for Subway

$9 million for Quiznos

c) What is meant by a dominant strategy? Using Table 2, is there a dominant strategy? Explain, and determine which outcome will occur?

In: Economics

E-commerce what are six behaivor- based of internet users

E-commerce

what are six behaivor- based of internet users

In: Economics

Katherine has an estimated Cobb-Douglas utility function of U = q1^0.25q2^0.75 for food, q1, and housing,...

Katherine has an estimated Cobb-Douglas utility function of U = q1^0.25q2^0.75 for food, q1, and housing, q2. The price for food is arbitrarily set at $1 per unit and the average monthly rent near the University of Chicago , p2, is a dollar fifty per square foot. Caroline, like the average University of Chicago student spend $750 on food and housing per month.

     (a) Using calculus, solve for Katherine's optimal quantities of housing and food. Provide the marginal utility of income.

     (b) What is Katherine's utility at the optimal bundle?

     (c) Due to panic buying and logistical difficulties due to the coronavirus, suppose the per-unit price of food increases by 25% (p1= $1.25), what is Katherine's new utility facing this price increase?

     (d) How much money would Katherine need to completely offset the harm from the price increase?

     (e) How much money would one have to take from Katherine to harm her as much as the price increase?

In: Economics

what are two examples of events/variables that could shift the demand for labor, and why they...

what are two examples of events/variables that could shift the demand for labor, and why they could shift it.

In: Economics

Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of...

Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Agoria, a nation with a pure market economy.

Which of the following would you include in your report as weaknesses of Agoria's economy? Check all that apply.

- Occupational choices can be restricted.

- Firms have no incentive to produce the so-called public goods, such as national defense, because private firms cannot prevent nonpayers from enjoying the benefits of public goods.

- People with no resources to sell could starve (income is distributed unequally).

- The economy experiences economic fluctuations, which are alternating periods of expansions and recessions in their level of economic activity, especially in employment and production.

In: Economics

Over the last 10 years, in Canada and the United States, corporate bond yields have fallen...

Over the last 10 years, in Canada and the United States, corporate bond yields have fallen (relative to previous time periods) to very low levels and during the same period both countries have experienced low rates of economic growth. Give two reasons to explain why bond yields in Canada and the U.S. have fallen to low levels over the last 10 years. Note: No diagram is needed to answer this question, you can provide your answer in words.

In: Economics

What is brazils present tariff and non-tariff restrictions on competit promotion, pricing and distribution. Alsoupon regulations...

What is brazils present tariff and non-tariff restrictions on competit promotion, pricing and distribution. Alsoupon regulations concerning entry of firms and repatriation of profits and discuss to what regional and international trade associations the country belongs .

In: Economics

Assume that the insurer can NOT distinguish between the two types of consumers, and can offer...

Assume that the insurer can NOT distinguish between the two types of consumers, and can offer only one policy (the same policy to everyone). What will be the breakeven policy premium IF everyone buys the policy? With such a premium, will everyone actually buy the policy? Over long run, what will be the equilibrium policy premium in the market and who will get insurance?

In: Economics

Explain the impact of property taxes on urban sprawl in your own words, as discussed in...

Explain the impact of property taxes on urban sprawl in your own words, as discussed in Slack (2016

In: Economics

What is the difference between unconditional and conditional convergence in economics , and why is this...

What is the difference between unconditional and conditional convergence in economics , and why is this difference important?

In: Economics

How did the Cold War establish the parameters for economic, social, and political life in the...

How did the Cold War establish the parameters for economic, social, and political life in the United States in the immediate postwar years from 1945 to 1960? (300 words)

In: Economics

Research of the intra-industry contents the trade volume, value, industries, trends, and compare with two other...

Research of the intra-industry contents the trade volume, value, industries, trends, and compare with two other countries; the development of the intra-industry trade of Morocco.

In: Economics

With excellent analysis, identify the existing problems faced by the telecommunications industry. (relevant subject - business...

With excellent analysis, identify the existing problems faced by the telecommunications industry. (relevant subject - business analytics)

In: Economics

Q1. Assume that American rice is sold for $100 per bushel, Japanese rice is sold 16,000...

Q1. Assume that American rice is sold for $100 per bushel, Japanese rice is sold 16,000 yen per bushel, and the nominal exchange rate is 80 yen per dollar. Assume that the nominal exchange rate remains unchanged.

Select one:

a. Buy a bushel of American rice and then sell it in Japan, making a profit of 80,000 yen.

b. Buy a bushel of American rice and then sell it in Japan, making a profit of 100 dollars.

c. Buy a bushel of Japanese rice and then sell it in the US, making a profit of 100 dollars.

d. The buy and sell process would continue until the price of American rice rise higher than the that of Japanese rise.

e. The buy and sell process would continue until no profit can be made

f. A and D

g.B and E

h. C and D

i. C and E

j. None of the above is correct

2. Which of the following would both make a country’s real exchange rate rise ?

Select one:

a. its budget deficit increases and bonds issued in the country become riskier

b. bonds issued in that country become riskier and it imposes an import quota

c. its budget deficit decreases and it imposes an import quota

d. a sudden capital flight

e. None of the above are correct.

3. In the open-economy macroeconomic model, the supply of loanable funds comes from

Select one:

a. the sum of domestic investment and net capital outflow.

b. private saving alone.

c. foreign borrowing alone.

d.Y-C-G.

e. None of the above are correct.

explain plz

In: Economics