The Impact of Government Policy on Competitive Market
1. At the start of the COVID-19 pandemic, the Malay government
temporarily eliminated import tariffs on disposable (single use)
surgical masks. As a result, the domestic demand for disposable
surgical masks were fulfilled by domestic production and imports.
By July 2020, 99 million surgical masks valued at Rp400 billion
were imported to Indonesia That same month, industry
representatives asked the government to restore the import tariff
on surgical masks. Assume that if the tariff is restored, there
will still be import of surgical masks.
a. Explain the possible welfare impact of restoring the import
tariff for surgical masks. Should the government impose an import
quota instead? Explain your answer and use a graph to support your
arguments.
Assume that the domestic demand for surgical mask in Malaysia (in
million units) is Qd = 210 − 2P; the domestic supply in Malaysia
(in million units) is Qs' = −100 + 600p; the world price is $0.40,
and there are no barriers to trade. Calculate:
b. The quantity of domestic consumption, production, and import of
masks!
c. The welfare impact of an import tariff of $0.05 per unit of
surgical mask – explain in detail who gains, who loses, and by how
much!
In: Accounting
1) How does capital investment affect the marginal physical product of labor? Does more college education have the same kind of effect? Which is a better investment? Please explain your answers in detail.
(2) While explaining your answer in detail, if you wish, you can also include an example. According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. It is well known that many companies have management training programs in which new trainees are paid relatively high starting salaries and are not expected to make substantial contributions to the company until after the program is over (programs may run between 6 to 18 months). In offering such training programs, is a company violating the optimality rule? Explain.
In: Operations Management
In: Statistics and Probability
1) A group of software developers are geographically dispersed in three different continents of America, Asia and Europe. They use different types of communication and collaboration tools to facilitate working as team members. Explain with detail three primary challenges in terms of communication/collaboration that these software developers may face. Once explained the challenges, how do you think such teams can overcome these challenges?
2)Using an example (a job title), explain the “managerial level” of decision making, and describe the major characteristics of jobs at this level? How the use of Business intelligence (BI) helps employees at this level?
In: Computer Science
An instructor who taught two sections of engineering statistics
last term, the first with 25 students and the second with 30,
decided to assign a term project. After all projects had been
turned in, the instructor randomly ordered them before grading.
Consider the first 15 graded projects.
(b) What is the probability that at least 10 of these are from the
second section? (Round your answer to four decimal places.)
(c) What is the probability that at least 10 of these are from the
same section? (Round your answer to four decimal places.)
(d) What are the mean value and standard deviation of the number
among these 15 that are from the second section? (Round your mean
to the nearest whole number and your standard deviation to three
decimal places.)
| mean | projects |
| standard deviation | projects |
(e) What are the mean value and standard deviation of the number of
projects not among these first 15 that are from the second section?
(Round your mean to the nearest whole number and your standard
deviation to three decimal places.)
| mean | projects |
| standard deviation | projects |
Please answer parts B, C, D, and E
In: Statistics and Probability
In: Economics
Explain in detail the sectoral balances approach to macroeconomic analysis, and its implications for the fiscal balance when the foreign and domestic private sectors both have positive net savings desires. Explain in detail Hyman Minsky’s Financial Instability Hypothesis, using a balance sheet approach. How can stability be destabilising, according to Minsky?
In: Economics
In: Economics
What is medical necessity? Explain in detail how you can provide medical necessity in coding. Provide one example of how codes work to identify medical necessity. in 300 words
In: Nursing
Explain the production of methanol by one-step,
two-step and auto thermal reforming process in detail?
b) What are the types of reactors employed in the synthesis of
methanol?
1000 words each
thanks
In: Other