Questions
what are the main reasons for the new campaign? How do you recommend they measure results?

what are the main reasons for the new campaign? How do you recommend they measure results?

In: Economics

The answer should have some critical thinking and class concepts (Corporate Financial Management). Do not exceed...

The answer should have some critical thinking and class concepts (Corporate Financial Management). Do not exceed 750 words. You are allowed to cite websites and have references. Thanks.

Firms sometimes use the threat of bankruptcy filing to force creditors to renegotiate terms or even as a means of reducing labor costs. Whether or not this move is ethical or proper is often debated. What say you? What does the company expect by doing so?

In: Economics

even though the great recession officially ended, the unemployment rate is still considered high. discuss

even though the great recession officially ended, the unemployment rate is still considered high. discuss

In: Economics

Let the utility function be given by u(x1, x2) = √x1 + x2. Let m be...

Let the utility function be given by
u(x1, x2) = √x1 + x2.


Let m be the income of the consumer, P1 and P2 the prices of good 1 and good 2, respectively.
To simplify, normalize the price of good 1, that is P1 = £1.


(a) Write down the budget constraint and illustrate the set of feasible bundles using a figure.


(b) Suppose that m = £100 and that P2 = £10. Find the optimal bundle for the consumer. In other words, find the combination of x1 and x2 that maximizes the consumer’s utility when the prices are p2 = £10, p1 = £1 and her income is m = £100.


(c) Suppose still that m = £100 but now the price of good 2 has increased to p2 = £30. Find the optimal bundle for the consumer. In other words, find the combination of x1 and x2 that maximizes the consumer’s utility when the prices are p2 = £30, p1 = £1 and her income is m = £100.


(d) How can we explain the drastic change in demand for the goods when the price of good 2 increased from £10 to £30?

In: Economics

Microeconomics Marginal Productivity and the Law of Diminishing Marginal Returns You have recently been hired to...

Microeconomics

Marginal Productivity and the Law of Diminishing Marginal Returns

You have recently been hired to manage a movie theater. You observe that there are many customers waiting around the concession area to buy snacks. You also observe that there is only one clerk working the counter. This employee has to do everything from get the popcorn going, stocking condiments and supplies, changing the soda canister when the syrup runs out for fountain drinks, helping customers, fill orders, collect cash, and of course, smile at the customers who have waited lengthy periods of time.

You obtain a report that shows the average sales per weekend night are $500 with one clerk. You decide to hire another clerk for the shift and sales increase to $1,000. You add one more clerk, and sales increase to $1,700. Again, you add another clerk, and sales increase to $1,900. Finally you add one more clerk, and sales increase to $2,000.

1.         Calculate the marginal product associated with each clerk. Draw a table to do this.

2.         At what point did the law of diminishing marginal return become evident?

3.         Why did the marginal product increase as more clerks were added initially?

4.         Why did the marginal product start to diminish?

In: Economics

Perfect competition and monopoly are the two extremes of market structures. Discuss the difference between the...

Perfect competition and monopoly are the two extremes of market structures.

  • Discuss the difference between the markets.
  • Analyze the considerations for an entrepreneur thinking about entering either market. Use examples from a business you might consider opening one day.

Post your initial response (of at least 250 words) Be sure to respond to at least two posts from other students or your instructor. Your responses in the discussion board must be well-written according to APA. Finally, be sure to include in your initial post at least one reference using professional and scholarly references. Sources such as The Balance, EconomicsHelp.org, Investopedia, and other help websites are not acceptable).

In: Economics

The day after the U.S. stock market crash of October 19, 1987, Federal Reserve Board Chairman...

The day after the U.S. stock market crash of October 19, 1987, Federal Reserve Board Chairman Alan Greenspan issued the following statement: “The Federal Reserve, consistent with its responsibilities as the nation’s central bank, affirmed today its readiness to serve as a source of liquidity to support the economic and financial system.”  What school of thought may prompt that statement?  That is, which school (or schools) has a role for active monetary policy?


In: Economics

A number of real world complications that make monetary and fiscal policy more challenging than simple...

A number of real world complications that make monetary and fiscal policy more challenging than simple theory would suggest. Given the state of the economy and the causes of that state think back to earlier discussions about the current economy- what should be the appropriate mix of fiscal and monetary policy. Form a Keynesian perspective? From a neoclassical perspective? Which makes the most sense to you? Provide evidence ( include and least one link/citation)to provide support to your conclusion.

In: Economics

In August 2019, Hurricane Dorian wreaked havoc throughout the Caribbean. Dorian was the most powerful tropical...

In August 2019, Hurricane Dorian wreaked havoc throughout the Caribbean. Dorian was the most powerful tropical hurricane on record to strike the Bahamas, and is regarded as the worst natural disaster in the country's history. Estimates suggest the total damage could cost almost $3 billion dollars. Use the one- period closed-economy macro model to understand the economic effects of this loss in capital. In other words, imagine a decrease in K. For each of the following questions, state how each variable would change, if at all, and provide a brief discussion explaining your answer: (a) Output (b) Marginal product of labour (c) Real wage (d) Consumption (e) Leisure

In: Economics

Choose a human-made, renewable resource which is subject to the Tragedy of the Commons.  Has the problem...

Choose a human-made, renewable resource which is subject to the Tragedy of the Commons.  Has the problem been solved?  If so, how?  If not, why not?  

In: Economics

With the Phase 1 deal being signed, will the U.S. and China continue to work in...

With the Phase 1 deal being signed, will the U.S. and China continue to work in a positive direction? Why or why not?

In: Economics

Question 7 In Santa Monica, California, it was reported that a “finder’s fee”—an up-front payment of...

Question 7

In Santa Monica, California, it was reported that a “finder’s fee”—an up-front payment of up to $5,000—was being required of prospective tenants seeking to rent special apartments. What is this an example of?

the black market

a price floor

price gouging

a government price ceiling

Question 8

Mesa Petroleum Company built a small park in front of its corporate office. This is an example of __________.

imposing external costs on its shareholders

providing a pure public good

providing external benefits to the community

assuming city responsibilities

Question 9

What is the most frequently cited example of an externality?

service charges

public protest

pollution

sales taxes

Question 10

A negative externality exists when __________.

all costs are taken into account in the demand curve

all costs are taken into account in the supply curve

the market demand curve is not the true demand curve

the marginal social costs are not taken into account in the supply cur

In: Economics

Dr. North, a surgeon practicing in Georgia, engaged an Arizona professional corporation consisting of twenty lawyers...

Dr. North, a surgeon practicing in Georgia, engaged an Arizona professional corporation consisting of twenty lawyers to represent him in a dispute with a Georgia hospital. West, a member of the law firm, flew to Atlanta and hired local counsel with Dr. North’s approval. West represented Dr. North in two hearings before the hospital and in one court proceeding, also negotiating a compromise between Dr. North and the hospital. The total bill for the law firm’s travel costs and professional services was $21,000, but Dr. North refused to pay $6,000 of it. The law firm brought an action against Dr. North for the balance owed. Dr. North argued that the action should be dismissed because the law firm failed to register as a foreign corporation in accordance with the Georgia Corporation Statute. Will the law firm be prevented from collecting on the contract? Explain.

In: Economics

Consider the following data on real GDP per capita in: Year Per Capita Real GDP 1950...

Consider the following data on real GDP per capita in:

Year

Per Capita Real GDP

1950

14 339

1960

17 351

1970

23 790

1980

30 732

1990

35 868

2000

43 288

2010

46 406

2011

47 554

2012

47 741

2013

48 066

2014

48 780

a) Calculate the percentage growth rates in real GDP per capita in each of the years 2011 through 2014, from the previous year.

b) Now, instead of calculating the annual percentage growth rates in the years 2011 through 2014 directly, use as an approximation

100×logyt-logyt-1

where yt is real per capita GDP in year t. How close does this approximation come to the actual growth rates you calculated in part (a)?

In: Economics

Explain what ‘consumer surplus” and “producer surplus” are , and why they are important concepts

Explain what ‘consumer surplus” and “producer surplus” are , and why they are important concepts

In: Economics