Palette 1: Using the general D&S analysis procedure you learned in chapters/modules 3 and 4, analyze...

Palette 1: Using the general D&S analysis procedure you learned in chapters/modules 3 and 4, analyze the following economic scenario. Graphically represent the D and S of some normal good X. Label these functions D1 and S1 respectively, and clearly identify the initial equilibrium P and Q.
1. Suppose good Z is a complementary good in consumption with good X, that is, Z and X tend to be consumed together.
2. Graphically depict what you expect to happen in the market for X when the price of good Z increases. Just to be clear, your graph should reflect what you expect to happen in the market for X, not the market for Z.
3. Explain your analysis in the single table cell located below the Drawing palette. It is OK if the palette plus your explanation exceeds one page.

Palette 2 or Palette 3: Analyze the following economic scenario.
1. Graphically represent the D and S of marijuana. Label these functions D1 and S1 respectively, and clearly identify the initial equilibrium P and Q. (You can assume that the D and S of marijuana look like ordinary D and S functions.)
2. Now, suppose there are two simultaneous changes that impact the national market for marijuana:
  1. The federal government makes the consumption of marijuana legal.
  2. The federal government makes the production of marijuana legal. (Ignore the issue of taxation.)

Graphically represent the impact of these two events on the market for marijuana.You can answer this question by using either Palette 2 (one graph) or Palette 3 (two graphs). (The fact that some states have made marijuana legal at the state level is irrelevant to this question.)

Explain your analysis in the single table cell located below the Drawing palette. It is OK if the palette plus your explanation exceeds one page.

Palette 4: Using the general D&S analysis procedure you learned in chapters/modules 3 and 4, analyze the following economic scenario. Make sure to label all functions, axes, and outcomes such as equilibrium price and quantity, before and after any changes in the market circumstances.
1. Graphically represent the D and S of some normal good X. Label these functions D1 and S1 respectively, and clearly identify the initial equilibrium P and Q.
2. Graphically represent the impact of an effective (binding) price floor.
3. Now, with the price floor in place, analyze the impact of a technological advance in the production of good X.

Explain your analysis in the single table cell located below the Drawing palette. It is OK if the palette plus your explanation exceeds one page.

Expert Solution

Rahul Sunny answered 1 year ago

Using the key concepts, you have learned in chapters 10 and 11, write a minimum of...

Using the key concepts, you have learned in chapters 10 and 11, write a minimum of a 3 page paper on 1 of the following subjects from the perspective of the CFO: 1-You are starting a new company and are trying to come up with your optimal capital structure. Describe the nature of your business and why you believe your capital structure to be the best fit for your company. An example may be that you are attempting to open...

can you give me short summary abstract and conclusion on chapters 3 and chapters 4 in...

can you give me short summary abstract and conclusion on chapters 3 and chapters 4 in Strategic Market Management, 9th Edition, by David A. Aaker Competitor Analysis Competitor Identification Strategic Groups: Pursue similar competitive strategies –Have similar characteristics –Have similar assets and competencies Competitor Analysis: Potential Competitors: –Market expansion –Product expansion –Backward integration –Forward integration –Export assets or competencies –Retaliatory or defensive strategies Understanding the Competitors Competitor Actions: Size, Growth & Profitability, Current and Past Strategies, Strengths and Weaknesses Cost...

This week you will prepare for your class project by using the information in Chapters 4 & 5 on job evaluation and analysis.

Under Project Prep in Weeks 1,2, & 3, you will find information that will help you complete your class Project dueWednesday of Week 4. This week you will prepare for your class project by using the information in Chapters 4 & 5 on job evaluation and analysis. You will be developing a job description for your position in your chosen organization covering the following points:job titlejob summaryrelationships (report to whom, works with whom & external relationships)qualificationsessential responsibilities

Read chapters 1-3. Design a market for a good of which you are the manufacturer. Using...

Read chapters 1-3. Design a market for a good of which you are the manufacturer. Using the laws of supply and demand describe prices, quantities, and the functioning of supply and demand whereby consumer and sellers decide on prices. Illustrate with a graph.

C8-3 Recording Daily and Adjusting Entries Using FIFO in a Perpetual Inventory System (Chapters 3, 4,...

C8-3 Recording Daily and Adjusting Entries Using FIFO in a Perpetual Inventory System (Chapters 3, 4, 6, 7, and 8) (LO 3-3, 4-2, 4-3, 4-4, 6-3, 6-4, 6-5, 7-3, 8-2, 8-3) (General Ledger) One Trick Pony (OTP) incorporated and began operations near the end of the year, resulting in the following post-closing balances at December 31: Cash $ 18,620 Accounts Receivable 9,650 Allowance for Doubtful Accounts 900* Inventory 2,800 Unearned Revenue (30 units) 4,350 Accounts Payable 1,300 Notes Payable (long-term)...

Summarize concepts from the first 3 chapters. What have you learned? I would like to see...

Summarize concepts from the first 3 chapters. What have you learned? I would like to see summary of: 1. Chapter 1: Equity method (new account titles, how account balances change for each) 2. Chapter 2: List the 3 types of business combinations and define them. Define acquisition method Also list the first 2 consolidation entries for acquisitions. 3. Chapter 3: What are the 3 methods parents can use to record investment in subsidiary? What are the consolidation entries for each...

Using general equilibrium analysis, and taking into account feedback effects, analyze the following The likely effects...

Using general equilibrium analysis, and taking into account feedback effects, analyze the following The likely effects of increase in insurance price on the market for cheap cars which is the car for low-income people. The effects of increased taxes on petrol on using air tickets for travelling to holiday destinations.

Let S = $70, r = 4% (continuously compounded), d = 3%, s = 40%, T...

Let S = $70, r = 4% (continuously compounded), d = 3%, s = 40%, T = 1.5. In this situation, the appropriate values of u and d are 1.42463 and 0.71255, respectively. Using a 2-step binomial tree, calculate the value of a $60-strike European call option. Option D is correct, but how? Can you provide solution for Excel? formulas and steps or actual excel work sheet? Answers: a. $18.875 b. $18.496 c. $19.450 d. $18.317 e. $15.930

Assembly Language. Write a procedure that reverses order of a 1-D array using the stack. The...

Assembly Language. Write a procedure that reverses order of a 1-D array using the stack. The array is a string array, and the address along with the number of elements are passed through the stack. Then write a complete program to test your procedure.

1) What is the most surprising thing about money you have learned from reading chapters in...

1) What is the most surprising thing about money you have learned from reading chapters in Economics. 2) What do you think about free trade agreements Canada has entered into? Recently, Canada signed a new agreement with several European countries- comments, opinions, thoughts?

Question