What are the characteristics or assumptions of the monopoly model?
For each of the following markets explain the sources of monopoly power/barriers to entry: electric company, diamonds, new life-saving drug.
In what part of the demand curve will a monopolist operate? Why?
In: Economics
For each of the 3 causal questions (i, ii, and iii) answer the following (and label your answers clearly):
a. What is the outcome variable and what is the treatment?
b. Define the counterfactual outcomes Yi(0) and Yi(1)
c.What plausible causal channel(s) runs directly from the treatment to the outcome? In what direction would that push the results?
d.Is reverse causality a potential concern?
e.What are possible sources of selection and/or omitted variable bias in the raw comparison of outcomes and treatment status? Which way(s) would you expect the bias to go and why?
Questions
i.Many firms, particularly in poorer countries, are small and informal.Do informal firms grow more slowly than formal firms?
ii.Do students who come to class more get higher grades?
iii.Are countries whose governments are a larger part of the economy (ie G/GDP is larger) wealthier?
In: Economics
b) Explain at least two possible
i. Positive economic effects of devaluing the pula.
ii. Negative economic effects of devaluing the pula.
[12 marks]
In: Economics
Consider a one period macroeconomic model for the closed economy of the island of Anabel. Describe the three agents in the model, the exogenous variables, and the endogenous variables in the model. Graph and describe the competitive equilibrium of Anabel's economy.
In: Economics
The price of oil in international markets has dropped stunningly 60% in the past twelve months. Among the factors mentioned behind this drastic fall is the millions of barrels of oil produced in the US called shale oil.
Look at the supply and demand picture for this commodity and try to analyze its price action. Discuss the impact of price elasticity of supply and demand in the short and long terms.
Should be in 3-4 pages thanks
In: Economics
western civilization- explain in 50 to 75 words the most important reason why Germany OR Italy became a unified nation in the 1860s (Do not write about both).
In: Economics
This week's graded discussion forum requires students to demonstrate their understanding of market interest rates and the impact of interest rates on marketable securities. Marketable securities include low-interest return investments such as money market deposits and certificate of deposits, debt securities (bonds) with fixed coupon rate but fluctuating yields, and equity investments. To prepare for this assignment, students are to study the chapter readings and conduct additional research to prepare a short analysis posting of 400 words (min). See the description in Week 1 Readings for selection criteria for your article. The primary focus of the selected article must be specific to U.S. interest rates within the last 12 months.
In your analysis piece, synthesize the primary point(s) of your selected article with a minimum of two concepts presented in the required chapter readings (1, 2, and 3). In your analysis piece you are to describe and address each of the following:
In: Economics
Explain the Keynesian framework for aspect of aggregate output and aggregate demand
In: Economics
The production function of a firm is given by Q(K,L) =15K^(1/4) L^(1/4) . Wage is
$3 per unit of labor (L), and rent is $6 per unit of capital
(K).
(1) The firm’s objective is to produce Q units of output at minimum
cost. Write the Lagrangian and derive the FONC.
(2) Find the optimal levels of K, L, and λ given Q.
(3) Find the minimum cost given Q = 100. Find the firm’s minimum cost functiongiven any Q.
(4) Explain the meaning of the optimal λ obtained in part (2).
(5) Check the SOSC.
Could someone help me with this question step by step? Thanks!!
In: Economics
In: Economics
You are an employee of an U.S. firm that produces personal computers in Thailand and then exports them to the U.S. and other countries for sale. The personal computers were originally produced in Thailand to take advantage of relatively low labor costs and a skilled workforce. Other possible locations considered at that time were Malaysia and Hong Kong. The US government decides to impose punitive 100% ad valorem tariffs on imports of computers from Thailand to punish the country for administrative trade barriers that restrict U.S. exports to Thailand. How do you think your firm should respond? What does this tell you about the use of targeted trade barriers?
In: Economics
High-End Furniture Industry
Analyses of internal environment and external environment )Internal risks External risks How risks will be avoided Actions when risks occur
In: Economics
In: Economics
What is a political party? Why do we have political parties? What are the two main political parties the United States? What are the pros and cons of political parties? Do you think some individuals put their political party before their country (please give more than a yes or no answer)?
In: Economics
Discuss how multinational company move towards centralization and decentralisation.Discuss how multinational company move towards centralization and decentralisation.
In: Economics