Questions
what effects government borrowing has on currency? what does ‘crowding out’ means? why is some ‘deficit...

what effects government borrowing has on currency?

what does ‘crowding out’ means?

why is some ‘deficit spending’ by government isn't a bad thing?

In: Economics

Case Study Of Estonia:Transition, EU Membership , and The Euro (9-713-479) Analyze the national diamond over...

Case Study Of Estonia:Transition, EU Membership , and The Euro (9-713-479)

Analyze the national diamond over time. What allowed Estonia to upgrade competitiveness faster than many other transition countries?

In: Economics

Explain in a few sentences why it is hard to determine if aid given at the...

Explain in a few sentences why it is hard to determine if aid given at the country level works or does not

In: Economics

Please define and describe an investment in economics Please define mrp, mrc, Vp ( use equation,...

Please define and describe an investment in economics

Please define mrp, mrc, Vp ( use equation, graph, words )

How does rate of return on capital and cost of capital relate to mrp and mrc?

What is the time preference?   How does the element of time ( or term ) relate to investments?

In: Economics

How Hauwei Might Handle the Latest US Sanctions Author Name: Klint Finley Publishing Date: June 21,2019...

How Hauwei Might Handle the Latest US Sanctions

Author Name: Klint Finley

Publishing Date: June 21,2019

Publishing Platform: Wired

An article that I found extremely interesting was of a recent issue faced by a business in the United States named Huawei . Its a Chinese telecom hardware company. Huawei is China’s biggest phone maker and has recently been embroiled with the U.S. government concerning security threats. Huawei did business with many American corporations in the USA and provided cellular network gear to many companies in the USA. Yet, there was a security concern that China is using Huawei’s network for surveillance purposes.

That issue was quickly resolved after the U.S. government applied law and Constitution and banned all U.S. companies from doing business with Huawei keeping in mind the issue of national security. Using the provisions of the U.S. constitution, the government added Huawei to a list of companies that are considered a threat to U.S. national security. So Huawei is unable freely acquire U.S. technology and will have to seek U.S. government’s permission to do the same. The provisions of the Constitution with regards to national security have been used to put export restrictions on Huawei as well.

The US has been very concerned about some of these Chinese companies simply being trojan horses for China.

Another interesting area is mergers re international law, thanks for this post. Mergers are not as controversial as they used to be. My guess is that because so many companies compete globally now, we are not as concerned when they grow large!

Is that a good or bad development?

In: Economics

5. Can I apply for Patent protection in multiple countries with one application? Briefly explain your...

5. Can I apply for Patent protection in multiple countries with one application? Briefly explain your answer.

In: Economics

? Why do economists care about loneliness? What areas of the economy are impacted by loneliness?...

? Why do economists care about loneliness? What areas of the economy are impacted by loneliness? What are the financial and economic impacts associated with loneliness? What should the Government of Canada do about loneliness, if anything?

In: Economics

Mock Central Bank in Japan Part 2: What are the current domestic conditions you think are...

Mock Central Bank in Japan

Part 2: What are the current domestic conditions you think are relevant for deciding what to do with the monetary policy instrument?

In: Economics

Cellphone Prices: Analyzing Cost and Revenue INTRODUCTION Cost, revenue and profit functions may take parabolic forms....

Cellphone Prices:

Analyzing Cost and Revenue

INTRODUCTION

Cost, revenue and profit functions may take parabolic forms. In many business and economics applications, our most important goal is to maximize revenue, profit or minimize cost. We may be able to find the price or the quantity of goods and services that maximizes profit, revenue and minimizes cost by using the quadratic formula and vertex formula.

The goal of this project is to enhance the understanding quadratic functions and how to find the maximum/minimum.

Question 1: If you have the chance to start a business, what business would you choose? Why?

Question 2: Starting and running a business requires time, effort, hard work and in particular money. What kind of costs do you expect to have to pay in order to start and run your business? Please list them and explain why you need them.

Question 3: Some costs are fixed, which are called fixed costs, such as equipments and buildings. Some cost are variable, which are called variable costs, such as labor and material. Please explain what costs in the Question 2 are fixed costs, and what are variable costs.

In general, the total cost consists of variable costs and fixed costs.

Question 4: In order to keep your business running, you need to make revenue. Revenue is the money that comes into the business from customers. Suppose you know the number of products your business sold and the price you sold them at, how can you calculate the revenue? What strategies could you use in order to increase your business’ revenue?

The revenue of a business may go up and down depending on many factors. For example a business that sells ice cream will likely make more money during hot summer months. The profit of your business is the difference of the revenue and the cost. That is,

Profit = Revenue - Cost.

If the profit is the positive, your business makes money. If the profit is negative, your business unfortunately makes a loss. If the profit is zero, that is the revenue is equal to the cost, it is called the break-even point.  

Suppose that you were the CEO of a giant high technology corporation, Strawberry, Inc, manufacturer of the Strawberry Phone.

Question 5:

This month, you have estimated the demand for the Strawberry Phone to be:

Q = 220 - 4P

  

where Q is the quantity demanded, and P is the price of a Strawberry Phone.

The cost of producing a phone is constant at $12, which is called marginal cost. The fixed cost that includes the cost spent on the factory, the equipment, among others is $1525. As a result, you have a linear cost function,

C = FC + (MC Q),

Where C is the total cost, FC is the fixed cost, and the MC is the marginal cost, and Q is the quantity as before.

Answer the following questions.

  1. What is the price that maximizes the corporation’s profit? (Hint: Profit = Revenue - Cost)

  2. At what price does the corporation break even?

Question 6: From the two questions above, create a strategy to lower your cost and maximize your profit for the business you chose in question 1.

Essay: Write an essay that discusses the answers to the questions above include a detailed description of your business ideas and how it is possible to use maximization of quadratic functions to find the maximum profit.

In: Economics

There are many policy proposals aimed at curtailing the high cost of pharmaceuticals and/or encouraging innovation....

There are many policy proposals aimed at curtailing the high cost of pharmaceuticals and/or encouraging innovation. Briefly analyze the costs and benefits of the following policy proposals: a. The government uses an auction to estimate the private value of patents and then offers to buy out patents at this private value. Most patents purchased would be placed in the public domain. b. The government offers a $5 billion prize to the first drug company that develops a cure for Alzheimer’s disease. c. In order to control the rising costs of new drugs, the government puts a cap on drug prices at $10,000 per month.

In: Economics

1) Which of the following is likely to occur as the result of the law of...

1) Which of the following is likely to occur as the result of the law of diminishing marginal utility?

a) Petra's utility from her second apple was less than her satisfaction from her first orange.

b) Hudson enjoyed his second slice of pizza more than his first.

c) Sabine's utility from her first granola bar is greater than Rachel's utility from her second granola bar.

d) Wesley enjoyed his second bottle of iced tea less than his first bottle, other things constant.

2) A consumer's utility-maximizing combination of goods is given by the bundle that corresponds to the point on

a) the indifference curve that intersects the horizontal axis.

b) the indifference curve that intersects the vertical axis.

c) an indifference curve that is tangent to the budget constraint.

d) the budget constraint where it intersects one of the axes.

3) Which of the following is not a property of indifference curves?

a) Indifference curves never cross.

b) Indifference curves have a concave shape.

c) Indifference curves slope downward.

d) The farther away from the origin, the higher utility.

e) All of the above are properties of indifference curves.

In: Economics

Note* Please only attempt this question if you know about it. I have seen a sample...

Note* Please only attempt this question if you know about it. I have seen a sample and it can be calculated without the depreciation amount.

Question: Introduction to Macroeconomics

1. The table given below contains some macroeconomic data for Economy Northland.

Items

Million ($)

Subsidies

54

Interest Income

100

Wages & Salaries

167

Profit

94

Rental Income

75

Investment Spending

124

Imports

6

Intermediate goods

330

Raw Materials

25

Exports

24

Government Expenditures

156

Final Consumption Spending

304

Indirect Taxes

160

Using the information from the table above and your knowledge, calculate the gross domestic product at market price for Economy Northland with the following approaches.

  1. Using expenditure approach if it was a closed economy
  2. Using expenditure approach if it was an open economy.                                                 
  3. Using income approach.                                                                                                   

In: Economics

Using the quantity Theory of Money formula, suppose that in 2020: Money supply = $50 Billion;  Nominal...

Using the quantity Theory of Money formula, suppose that in 2020: Money supply = $50 Billion;  Nominal GDP = $1.0 Trillion; and Real GDP = $500 Billion.

a). Calculate the Price Level (P) and Velocity of Circulation (V) .  Show your calculations for a full mark.

b) Suppose the velocity of circulation is constant (the one you calculated in (a), and the economy’s output of goods and services increases by 5% annually. Calculate Nominal GDP (or what will happen to nominal GDP) and the Price Level (P) in 2021 if the Bank of Canada keeps the money supply in 2020 constant or the same?

c). Calculate or What level of money supply should the Bank of Canada set next year (2021) if it wants to keep the price level stable (hint: based on a 5% increase in real GDP).

In: Economics

4. Indicate whether each of the following statements is true or false, and explain why. a....

4. Indicate whether each of the following statements is true or false, and explain why.
a. A competitive firm that is incurring a loss should immediately cease operations.
b. A pure monopoly does not have to worry about suffering losses because it has the power to set its prices at any level it desires.
c. In the long run, firms operating in perfect competition and monopolistic competition will tend to earn normal profits.
d. Assuming a linear demand curve, a firm that wants to maximize its revenue will charge a lower price than a firm that wants to maximize its profits.
e. In an oligopoly, the firm that has the largest market share will also be the price leader.
f. The demand curve facing a firm in a monopolistically competitive market is more elastic than one facing a pure monopoly.

In: Economics

Why have some experts suggested a tax on sugar-sweetened beverages as a way of reducing obesity...

  1. Why have some experts suggested a tax on sugar-sweetened beverages as a way of reducing obesity among teenagers? What factors be involved in determining the amount by which obesity is reduced?

Please type it ,thanks!

In: Economics