Part A: List the basic steps in strategic planning. Part B: Briefly discuss the needs, benefits, and approaches of the strategic planning process for today’s MNC (Multinational Corporations

Discuss why normal profits are the status quo in a competitive market in the long run: use the competitive market response to change on demand for a commodity to illustrate aspects of your discussion.

For this Discussion, you are required to identify and review any article or journal dealing with why companies are no longer finding China a particularly attractive place today for manufacturing? Apart from the Trade War with the United States, are there any other reasons? You must give at least five reasons for your answer? How can the US take advantage of this changing economic and manufacturing environment of China to attract manufacturing back to the US? Give at least three (3) reasons for your answer.

Compare and contract the CISG with the UCC - what is each and what does each apply to with respect to international law and the sale of goods internationally?

What are the similarities between CARES act and TARP in the Great Recession?

1.Antitrust Policy and Regulation – Antitrust policies such as the Sherman Antitrust Act of 1890 are intended to reduce market power and promote pure competition. How do consumers benefit from such policies? Rationalize your answers.

2. Agriculture: Economics and Policy – Just as soda pop taxes can impact a market, how can agricultural subsidies affect a market? Justify your response.

9. The broiler chicken market comprises virtually all chicken consumed in the United States. Historically, broiler chicken was priced on a boom-and-bust cycle — when prices for chicken went up, so did supply; then prices would fall. Suppliers and retailers argue that they paid too much for chicken—a burden that has likely been felt by consumers, too. But then, as Watts puts it, “it’s been boom for the past 10 years or so.” Plaintiffs in these lawsuits allege that starting in 2008, prices for chicken suddenly stabilized and began to rise, even as the inputs those companies sold to farmers fell. They allege that this stabilization was a result of collusion among the companies, made possible in part by a piece of database software called Agri Stats. The first lawsuit brought against the processors was a class action filed by a food wholesaler, Maplevale Farms, in September 2016. That suit alleged that from 2008 onward, Tyson and Pilgrim’s Pride coordinated their efforts to reduce their broiler stock and forced a “nearly 50 percent increase in Broiler wholesale prices since 2008, despite input costs (primarily corn and soybeans) falling roughly 20 percent to 23 percent over the same time period.” Maplevale claimed that consequently, it paid inflated prices for chicken over the course of several years. Through Agri Stats, poultry companies can share information about production numbers, bird sizes, financial returns, and more. The database company gathers information from 95 percent of poultry processors and tracks 22 million birds a day. Companies can then use this information, according to farmers, retailers, and distributors, to set a higher price for their products. Assume extreme consolidation in the poultry processing sector precipitated these and other allegations of anticompetitive conduct among the top companies. Tyson and Pilgrim’s Pride alone control 60 percent of the market. Sanderson Farms, Perdue, and Koch Foods control another 25 percent.

a. The chicken companies are engaging in what type of economic behavior? ( Characteristic of this market structure. )(4 pts)

b. This behavior is characteristic of what market structure? Draw the graph for this market structure or describe it. (Put your answer on the answer sheet ) ( 8 pts)

a. Show, stating all required assumptions, that the growth rate of efficiency in any

economy can be calculated as (where z = Z/L) (In malthusian economy)

gA = gy - agk - cgz

b. Show that the result in part (a) above implies that the growth rate of efficiency in

Malthusian economies over the long run is given by

gA = cgN

where c is the share of land rents in all incomes, and gN is the population growth rate.

10. Consider a market in which there is a monopoly manufacturer and a mo nopoly retailer. The manufacturer M makes an input for a marginal cost of 20 per unit. This input is sold to the retailer R, who then sells to the final goods market (to the end user). The retailer has no costs of its own (other than any price charged for the input by M). The final market demand is given by P = 200 – q. Assume that both firms act to maximise their own profit (and price discrimination is not feasible). The Manufacturer charges the Retailer t per unit per unit, and the retailer charges the fi nal consumers pR (and sells quantity qR). What is the loss from the two firms acting like separate profit maximisers (compared with the profit maximising outcome)?

a. 75

b. 125

c. 250

d. 375

*e. None of the above

Suppose Rialto is the only movie cinema in a small college town, so it is essentially a monopoly for the local movie market. They charge a certain price P for a monthly pass. There is an overall demand curve for movie passes, given by P=900−4Q However, demand in the town has two distinct consumer groups: adults (A) and students (S). The demand for the whole group of adults is given by P=1200−8QA and the inverse demand for students is given by P=400−2QS Assume for simplicity that the constant marginal cost MC(Q) of showing a movie is 20 and there are no additional fixed costs.

(a) Suppose everybody can easily get a fake student ID and there is no way for UMovie to differentiate one group of consumers from another. As a result, the cinema is forced to charge a single price for both groups. Depict this in a figure.

(b) Compute the optimal quantity and price charged by UMovie, as well as total costs and profits. Under this price, who will go to movies? Remember the firm's production rule. Show these values in the figure.

(c) Suppose UMovie has spent $M > 0 to install a machine that can detect very accurately whether a student ID is fake. As a result, the cinema is able to charge each group a different price. Compute the optimal prices for the two groups of consumers.

(d)Depict the demand curve of each group of consumers in a diagram (the same or two different).

Examine the fiscal policies in place at the start of your specific time period of 2000-2010 in relation to their effects on macroeconomic issues. For instance, consider level of government spending, taxation, subsidies, unemployment benefits, and so on.   

Analyze new fiscal policy actions undertaken by the U.S. government throughout the time period during 2000-2010 by describing their intended effects, using macroeconomic principles to explain the actions.  

Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles.

What is the current level of income inequality in the United States? What do you think is more important to focus on when considering inequality: income inequality or wealth inequality? Justify your answer.

Considering the Philips Curve as ? = 0.02 − 0.6 (?−0.05), and the government announces that it implements an expansionary monetary policy:

• • E1) Describe the Locus Critique. ( 5 points)
• • E2) Considering the Locus Critique, do you think that the above Philips Curve is a good equation to study the relationship between inflation and unemployment? Why? Explain it. ( 5 points)

Analyzing the 2008 Financial Crisis , a.k.a. The Great Recession

Reflect within the context of the class (i.e. macroeconomics). In other words, using your "macroeconomic lens" describe what you observe about the 2008 Financial Crisis and its impact on the economy.

Expected Word Count:

• 250 initial post

Which of the following is most likely to shift the demand curve for electricity to the left?

Sugar and honey are viewed as substitutes for each other in many cooking applications. If the price of sugar rises, we would expect the:

The long-run equilibrium condition for perfect competition is: