If the firm produces 100 units of output, four (4) units of labor will be used and for this industry, we will likely observe an upward-sloping long-run market supply curve.
Here's how to find the answer:
The firm's production function is Q = 25LK, so we can rearrange it to solve for L:
L = Q / (25K)
We're told that Q = 100, and that the marginal product of capital is MPx = 25L. We can use this information to solve for K:
K = MPx / 25 = 25L / 25 = L
So we can substitute this value of K back into the equation for L:
L = 100 / (25L)
Multiplying both sides of the equation by 25L gives us:
25L^2 = 100
Dividing both sides by 25 gives us:
L^2 = 4
Taking the square root of both sides gives us:
L = 2
So, the firm will use 4 units of labor to produce 100 units of output.
The answer to the other part is A) upward-sloping long-run market supply curve. Here's why:
When the WT Riker firm enters the tricorder industry, it bids up some input prices. This means that the cost of production for all firms in the industry will increase.
As a result, firms will need to charge a higher price in order to make a profit. This will cause the long-run market supply curve to slope upward, as firms will only be willing to supply more output at higher prices.
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Boris has $100 to spend on bananas and/or babacos. Suppose you have drawn his budget line for bananas and babacos with bananas on the horizontal axis and babacos on the vertical axis. Assume that the price of bananas decreases by 10% and the price of babacos increases by 10%, while Boris’ income decreases by 5%.
Which of the following graphs describes the above situation? Note that graphs are not drawn to scale.
The graph that describes Boris's situation is a shift of the budget line inward and pivoting around the initial bundle. Thus, the correct answer is Graph D.
The budget line will shift inward due to a decrease in Boris' income by 5%, causing him to have less money to spend on bananas and babacos. The pivot will occur around the initial bundle because Boris' preferences for bananas and babacos have not changed.
Furthermore, since the price of bananas decreases by 10% and the price of babacos increases by 10%, the slope of the budget line will also change. The slope will become steeper as the price of babacos increases, while the price of bananas decreases, causing Boris to switch from babacos to bananas.
Overall, the graph will show a movement from the initial bundle to a new bundle on the budget line, reflecting the changes in prices and income.
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Consider yourself as a brand. Identify strong, favorable and
unique associations with your brand. What would you like your
colleagues to think of when your name came to mind?
Some strong associations for my brand could include reliability, expertise, and professionalism. I would also like my colleagues to think of me (my brand) as valuable and reliable.
As a brand, it is important to have strong, favorable, and unique associations in order to stand out and be remembered positively by your colleagues. See:
Favorable associations could include being easy to work with, friendly, and trustworthy. Unique associations could include having a specific skill set or area of expertise that sets me apart from others.Ultimately, I would like my colleagues to think of me as a valuable asset to the team who is always willing to help and consistently delivers high-quality work.
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You are the newly hired CEO of the firm of your choosing. Gather appropriate data and investigate
opportunities for improvement of your firm's performance (questions to be answered are listed below).
You are expected to employ the economic concepts studied in this course and show how they can be
utilized in analyzing your firm's performance. Make recommendations for appropriate strategies that
could help your firm to increase its performance.
Your main goal should always be to think about the economic theory models discussed in class and how
they can help you. Here are a few logical steps you might take:
1) Define the firm's circumstances:
O what type of product is sold? O who are the buyers?
O is three any cokpetition?
O what type of industry is the from operating in (competitive, non-competitive, monopoly, eye..)?
2) Analyze the firm's business strategy.
What type of product is sold?
O how are princing and output decision Made in the industry?
O what isbthe decision proces of your firm?
O does the industry price discriminate?
O does your firm price discriminate? If so, when and how?
3) Analyze the firm's performance:
O What amount of profit is earned by your firm? What about other firms in the
industry? What is the firm market share?
O Does market share influence performance (profit)?
4) Discuss the role of Public Policy:
O Is your firm subject to any government regulation or government interference? What
about the industry? If so, what type?
O Why does government interfere in this industry?
5) Other:
O is there anything else unique to your firm, you would like to discuss? What about the
industry?
O Feel free to include other relevant information.
To improve the performance of a firm, it is important to first understand its circumstances. The type of product sold, the buyers, the level of competition, and the type of industry the firm is operating in (such as competitive, non-competitive, monopoly, etc.) should all be determined.
Once these factors are understood, the firm's business strategy can be analyzed. Important factors to consider include what type of product is sold, how pricing and output decisions are made in the industry, and what decision process the firm uses. It is also important to analyze if the industry or firm price discriminate.
Once the business strategy is understood, it is important to analyze the firm's performance. Factors to consider include the amount of profit earned by the firm, the firm's market share compared to other firms in the industry, and whether or not market share influences performance.
The role of public policy is also an important factor. It is important to determine if the firm or the industry is subject to any government regulation or interference and why this is the case.
Finally, other unique factors to the firm and the industry should be considered. These could include technological advances, changing consumer preferences, or other external factors that may affect the performance of the firm.
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Question 6
After the end of the Cold War we saw
decrease in intra-state conflict
the number of UN peace operation did not change significantly
increase in the UN peace operation
decrease in the UN peace operations
Question 7
The Bahimi report focuses on
Group of answer choices
the economic development of the countries from the former Eastern Bloc
the strengthening of the EU
the limitations of the UN structure
the power of the Bretton Woods institutiosn
Question 8
Which one is not a category of UN peace operations involving regional actors
Group of answer choices
handover operations
economic operations
integrated operations
military subcontracting
Question 10
In the years after the end of the Cold War, cooperation between NGOs and the UN is
none of the answers are correct
increased
decreased
there is no change
6. After the end of the Cold War, we saw an increase in UN peace operations (option 3). 7. The Brahimi Report focuses on the limitations of the UN structure (option 3). 8. The category of UN peace operations that does not involve regional actors is economic operations (option 2). 10. In the years after the end of the Cold War, cooperation between NGOs and the UN has increased (option 2).
6. There was an increase in the UN peace operations following the conclusion of the Cold War. This is because there were a number of conflicts that arose in the aftermath of the Cold War, and the UN was called upon to intervene in these conflicts to maintain peace and stability. Therefore, the correct option is the third option.
7. The focus of the Brahimi Report was the limitations of the UN structure. It was a report issued by the Panel on United Nations Peace Operations in 2000, and it recommended a number of reforms to improve the effectiveness of UN peacekeeping operations. Therefore, the correct option is the third option.
8. The economic operations is the category of UN peace operations that does not involve regional actors. These operations are focused on providing economic assistance and support to countries in need, and do not involve regional actors. Therefore, the correct option is the second option.
10. Following the years after the end of the Cold War, there was an increase in cooperation between NGOs and the UN. This is because both organizations have recognized the importance of working together to address global challenges and promote peace and stability. Therefore, the correct option is the second option.
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You have been appointed policy advisor of the country Economia. The country is an open economy, has a floating exchange rate regime and uses the Econ as its currency.
2. (20 marks) The government is unsure how to record some international transactions in the Balance of Payment. Show (using the credit/debit tables) how each of the following transactions should be recorded in Economia’s Balance of Payments. You should specify the account that is affected and the accompanying credit/debit entry.
a. A car manufacturer in Economia imports 600,000 Econs in parts from a German company. It pays for the purchase using a bank account in Economia.
b. The Central Bank of Economia buys 2 million Econs of US bonds from an American securities firm.
c. A Japanese tourist spends 300 Econs on his credit card (issued by a Japanese bank) for a hotel room in Economia.
d. An engineer from Economia receives 1,000 Econs for services provided to a Spanish company. The payment is made using a Spanish bank account.
The Balance of Payment (BOP) is a record of all international transactions between one country and the rest of the world over a specified period of time. It is divided into two main accounts: the Current Account and the Capital Account.
The Current Account records transactions related to trade in goods and services, as well as income flows, while the Capital Account records transactions related to financial assets and liabilities. Each transaction is recorded as either a credit (inflow) or a debit (outflow).
a. A car manufacturer in Economia imports 600,000 Econs in parts from a German company. It pays for the purchase using a bank account in Economia.
- Current Account: Debit 600,000 Econs (imports of goods)
- Capital Account: No entry
b. The Central Bank of Economia buys 2 million Econs of US bonds from an American securities firm.
- Current Account: No entry
- Capital Account: Credit 2 million Econs (financial inflow)
c. A Japanese tourist spends 300 Econs on his credit card (issued by a Japanese bank) for a hotel room in Economia.
- Current Account: Credit 300 Econs (exports of services)
- Capital Account: No entry
d. An engineer from Economia receives 1,000 Econs for services provided to a Spanish company. The payment is made using a Spanish bank account.
- Current Account: Credit 1,000 Econs (exports of services)
- Capital Account: No entry
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Which statements describe the Great Compromise? Choose three correct answers.
A. Representation in the Senate would be equal for all states.
B. The legislature would be unicameral, consisting only of the Senate.
C. Representation for the legislature would be based on population alone.
D. Representation in the House of Representatives would be based on population.
E. The legislature would be bicameral, consisting of the Senate and the House of Representatives..
The correct answers are D, E, and A.
Why it is?
The Great Compromise was a plan presented at the Constitutional Convention in 1787 that addressed the issue of representation in the legislature. The compromise proposed a bicameral legislature, consisting of the Senate and the House of Representatives.
In the House of Representatives, representation would be based on population, which is represented by statement D. This satisfied the larger states, who had more population and therefore wanted more representation in the legislature.
In the Senate, representation would be equal for all states, which is represented by statement A. This satisfied the smaller states, who feared that they would be overshadowed by the larger states.
Statement B is incorrect because the Great Compromise proposed a bicameral legislature, not a unicameral one.
Therefore, the correct answers are D, E, and A.
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A random variable X is normally distributed with a mean of
81
and a variance of
81,
and a random variable Y is normally distributed with a mean of
150
and a variance of
225.
The random variables have a correlation coefficient equal to
−0.5.
Find the mean and variance of the random variable below.
The mean and variance of the random variable are given by the expressions 81a + 150b and 81a^2 + 225b^2 - 90ab, respectively.
The mean and variance of the random variable can be found using the formulas for the mean and variance of a linear combination of random variables. The mean of a linear combination of random variables is given by:
mean = a*mean(X) + b*mean(Y)
where a and b are constants, and mean(X) and mean(Y) are the means of the random variables X and Y, respectively. The variance of a linear combination of random variables is given by:
variance = a^2*variance(X) + b^2*variance(Y) + 2*a*b*correlation(X,Y)*standard deviation(X)*standard deviation(Y)
where a and b are constants, variance(X) and variance(Y) are the variances of the random variables X and Y, respectively, correlation(X,Y) is the correlation coefficient between X and Y, and standard deviation(X) and standard deviation(Y) are the standard deviations of the random variables X and Y, respectively.
Given the values of the mean and variance of the random variables X and Y, and the correlation coefficient between X and Y, we can plug these values into the formulas for the mean and variance of a linear combination of random variables to find the mean and variance of the random variable. The mean of the random variable is:
mean = a*81 + b*150
The variance of the random variable is:
variance = a^2*81 + b^2*225 + 2*a*b*(-0.5)*sqrt(81)*sqrt(225)
Simplifying the expressions for the mean and variance of the random variable, we get:
mean = 81a + 150b
variance = 81a^2 + 225b^2 - 90ab
Therefore, the mean and variance of the random variable are given by the expressions 81a + 150b and 81a^2 + 225b^2 - 90ab, respectively.
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1. Which of the following is an example of a criminal court case?
Given the demand and supply system:
Pb = 53 - 5 Qb & Pv = 3 + 2 Qv
How much will the qunatity demanded change if buyers pay an excise of T^ = 4 ?
4: Given the demand and supply system:
Pb = 54 - 5 Qb & Pv = 3 + 2 Qv
How much will the quantity supplied change if sellers pay an excise of T^ = 4 ?
The quantity demanded will decrease by 6.57 units when buyers pay an excise tax of T^ = 4. The quantity supplied will decrease by 6.57 units when sellers pay an excise tax of T^ = 4.
When an excise tax of T^ = 4 is imposed on buyers, the demand curve will shift downwards by the amount of the tax. This means that the new demand equation will be:
Pb = 53 - 5 Qb - 4
Simplifying the equation gives:
Pb = 49 - 5 Qb
To find the change in quantity demanded, we need to set the new demand equation equal to the supply equation and solve for Q:
49 - 5 Qb = 3 + 2 Qv
Solving for Q gives:
Q = (49 - 3) / (5 + 2)
Q = 46 / 7
Q = 6.57
Therefore, the quantity demanded will decrease by 6.57 units when buyers pay an excise tax of T^ = 4.
Similarly, when an excise tax of T^ = 4 is imposed on sellers, the supply curve will shift upwards by the amount of the tax. This means that the new supply equation will be:
Pv = 3 + 2 Qv + 4
Simplifying the equation gives:
Pv = 7 + 2 Qv
To find the change in quantity supplied, we need to set the new supply equation equal to the demand equation and solve for Q:
53 - 5 Qb = 7 + 2 Qv
Solving for Q gives:
Q = (53 - 7) / (5 + 2)
Q = 46 / 7
Q = 6.57
Therefore, the quantity supplied will decrease by 6.57 units when sellers pay an excise tax of T^ = 4.
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F) are the events "survivor is a female" and "survivor is in 1st class" mutually exclusive? why or why not?
The events "Survivor is a female" and "Survivor is in 1st class" are not mutually exclusive. It is possible for a female survivor to be in 1st class, meaning that both events can occur at the same time.
Mutually exclusive events are events that cannot happen at the same time. For example, the events "rolling an odd number on a die" and "rolling an even number on a die" are mutually exclusive since a die cannot show both an odd and even number at the same time. However, being a female survivor and being in 1st class on a ship are not mutually exclusive events since they can occur simultaneously.
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1. Review this scenario: “A dynasty has ruled China for 100 years. This year, a severe drought is causing many to starve to death.” From what you know of the Mandate of Heaven, why did the drought occur, and what action can be taken?
Consider this scenario: "China has been controlled for 100 years by a dynasty. This year, a terrible drought is driving many people to starve to death.
What exactly is regulated behavior?
When one person expects, forces, or requires others to attend to their own wants — even at the expense of others — this is referred to as controlling conduct. The dominating individual targets a person and controls them in an unhealthy, self-serving manner. Control freaks have a psychological desire to be in control of things and people, including uncontrollable circumstances. In severe circumstances, the demand for control stems from underlying psychological concerns such as obsessive-compulsive disorder (OCD), anxiety disorders, or personality abnormalities.
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As the world’s renowned household brand, Coca Cola never stops inventing. Coca Cola Plus, a no-calorie yet with dietary fiber added Coca Cola, gained their first success in Japan, was then introduced to Hong Kong in 2018. Critically discuss the target market of Coca Cola Plus and the values the product offers to customers. (50 marks)
Coca Cola Hong Kong announced the retirement of the classic contour glass bottle in Q2 2021. Consumer is expecting the new look, incorporated environmentally friendly features and a proportion of recycled glass materials, to be launched this summer. Imagine you are the Marketing Manager of Coca Cola, discuss your segmentation, targeting and repositioning strategies. (50 marks)
Coca Cola Plus targets health-conscious consumers who are looking for a beverage that is low in calories but still provides the taste and satisfaction of a regular Coca Cola.
The product's added dietary fiber also appeals to those who are looking for ways to improve their digestive health. The value proposition of Coca Cola Plus is that it offers the classic taste of Coca Cola without the guilt or health concerns associated with regular soda consumption.
Segmentation, Targeting, and Repositioning Strategies for the New Coca Cola Bottle:
As the Marketing Manager of Coca Cola, my segmentation strategy would be to target environmentally conscious consumers who are looking for products that have a smaller impact on the environment.
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Please compute the upper and the lower value of the HH-Index forthese industries.
The HH-Index upper and lower values for these industries can be computed by taking the square root of the number of elements and dividing it by the sum of all elements in the sample. For example, if there are 8 elements, the HH-Index would be 2 (square root of 8 divided by 8).
The upper and lower value of the HH-Index for these industries can be computed by using the formula HH-Index = ∑(Market share of firm i)², where i is the number of firms in the industry. To compute the upper value, we take the highest market share of each firm and square it, then sum the values together. Similarly, to compute the lower value, we take the lowest market share of each firm and square it, then sum the values together. For example, if we have three firms in an industry with market shares of 40%, 30%, and 30%, the upper value of the HH-Index would be (0.40)² + (0.30)² + (0.30)² = 0.34. The lower value would be (0.30)² + (0.30)² + (0.30)² = 0.27.
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Use the table to find GDI, GDP, gross private domestic investment, personal income, and personal disposable income. (All amounts in trillions of dollars.) Profit 2.8 Indirect business taxes 8 Rent 7
Interest 8 Wages 8
Depreciation 8.2
Consumption 11
Government spending 1.8
Imports 1.7
Social 2
Security contributions 1.5
Exports 2
Government transfer payments1.7
Personal income taxes and nontax payments 5
Corporate taxes and retained earnings 2
Therefore, the values for GDI, GDP, gross private domestic investment, personal income, and personal disposable income are 42 trillion dollars, GDP, GDP - 13.1 trillion dollars, 29 trillion dollars, and 24 trillion dollars, respectively.
To find GDI, GDP, gross private domestic investment, personal income, and personal disposable income, we need to use the following formulas:
- GDI = Profit + Indirect business taxes + Rent + Interest + Wages + Depreciation
- GDP = Consumption + Gross private domestic investment + Government spending + Exports - Imports
- Gross private domestic investment = GDP - Consumption - Government spending - Exports + Imports
- Personal income = Wages + Rent + Interest + Profit + Social Security contributions + Government transfer payments
- Personal disposable income = Personal income - Personal income taxes and nontax payments
Using the given values in the table, we can calculate each of these measures as follows:
- GDI = 2.8 + 8 + 7 + 8 + 8 + 8.2
= 42 trillion dollar
GDP = 11 + Gross private domestic investment + 1.8 + 2 - 1.7
= Gross private domestic investment + 13.1 trillion dollar
Gross private domestic investment
= GDP - 11 - 1.8 - 2 + 1.7 = GDP - 13.1 trillion dollars
Personal income
= 8 + 7 + 8 + 2.8 + 1.5 + 1.7
= 29 trillion dollars
- Personal disposable income
= 29 - 5
= 24 trillion dollars
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Donica’s first child, Leandra recently celebrated her 2-month birthday. Leandra is exclusively breast-fed and Donica feels exceptionally tired because Leandra awakens several times during the night and seems to be hungry. Donica’s mother lives nearby and occasionally helps out with Leandra’s care. She has suggested feeding Leandra formula instead, and putting cereal in Leandra’s nighttime bottle, which might help to ‘fill her up so she will sleep through the night.’ She has also advised Donica to cut larger holes in the nipple ‘so Leandra will get more food during each feeding and won’t have to work as hard.’
Should Donica follow her mother’s advice? Why or why not? What are the potential short- and long-term consequences of feeding semi-solid food from a bottle?
Donica is exhausted because Leandra wakes up frequently during the night and appears to be hungry, despite the fact that she is exclusively breastfed.
What is Leandra doing right now?After officially ending things in October, Leandra kept us in the dark until she returned with a brand-new project: The newsletter for Cereal Aisle.
She was accused of playing the performative ally after she wrote an open letter supporting the protests. Her critics were prepared to draw attention to the fact that she fired a black employee as soon as the scandal broke. Due to allegations of racism and a hostile work environment, she quit the company.
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Why did the Rump Parliament put Charles I on trial for treason?
Answer:because using his power to pursue his personal interest rather than the good of England.
Explanation:
Explain what can cause a change in the demand curve for a product or service?in 4 sentenceWhen we say that the price in a competitive market is too high to clear the market (sell everything that is produced), we usually mean:a. Producers are leaving the industryb. The quantity demanded exceeds the quantity supplied at that price.c. The quantity supplied exceeds the quantity demanded at that price.d. Consumers are willing to buy all the units produced at that price.
A change in the demand curve for a product or service can be caused by a variety of factors, including changes in consumer preferences, changes in the availability or price of substitute goods, changes in consumer income, and changes in the overall market conditions.
Specifically, an increase in consumer preferences for a product or service, a decrease in the availability or price of substitute goods, an increase in consumer income, or an improvement in overall market conditions can lead to an increase in demand, causing the demand curve to shift to the right. Conversely, a decrease in consumer preferences, an increase in the availability or price of substitute goods, a decrease in consumer income, or a deterioration in overall market conditions can lead to a decrease in demand, causing the demand curve to shift to the left. It is important to note that these factors can also cause shifts in the supply curve, which can affect the equilibrium price and quantity in the market.
The correct answer to the multiple choice question is c. The quantity supplied exceeds the quantity demanded at that price. This is known as a surplus, and it typically occurs when the price of a good or service is set above the equilibrium price. In this situation, producers are willing to supply more of the product or service than consumers are willing to buy, leading to excess supply and downward pressure on the price.
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A parameter Ai takes the values 1 to 5 such that A=1, A=2, and so on. If there are 5 consumers in the market and each has an individual demand given by P = A - Bq. How many kinks does the market demand curve have?
The market demand curve will have 4 kinks.
Each individual demand curve is a straight line with a negative slope. When we add these individual demand curves horizontally to get the market demand curve, we will have a kink at each point where the quantity demanded changes for a given price.
Since there are 5 consumers, each with a different value for the parameter A, there will be 4 kinks in the market demand curve. This is because the first consumer's demand curve will intersect with the second consumer's demand curve at one point, creating a kink. Similarly, the second consumer's demand curve will intersect with the third consumer's demand curve at another point, creating another kink, and so on.
Therefore, the market demand curve will have a total of 4 kinks, one for each intersection of the individual demand curves.
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Suppose real 2008 GDP using 2008 prices equals 1.05 and real 2007 GDP using 2008 prices equals 1.00. Suppose real 2008 GDP using 2007 prices equals 1.06 and real 2007 GDP using 2007 prices equals 1.02. GDP grew by percent using the chain weighted index, Select one: O a. 5.0 O b. 12.5 O C. 1.9 O d. 4.4
Real GDP grew by 4.4% using the chain weighted index. Therefore, the correct option is d.
The chain weighted index is calculated by taking the geometric mean of the growth rates using the two different price levels. In the given case, the growth rate using 2008 prices is (1.05/1.00)-1 = 0.05 or 5%. The growth rate using 2007 prices is (1.06/1.02)-1 = 0.0392 or 3.92%.
The geometric mean of these two growth rates is the square root of their product:
√(0.05*0.0392) = 0.044 or 4.4%
Therefore, using the chain weighted index, the real GDP grew by 4.4% . The correct answer is d. 4.4.
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The magnetic bearing to two objects is sighted on a Brunton Compass as follows:
object 1 = 273°
object 2 = 180°
The angle between the objects is degrees.
93.
453.
183.
273.
The magnetic bearing to two objects is sighted on a Brunton Compass as follows:
The magnetic bearing to two objects is sighted on a Brunton Compass as follows:
object 1 = 273°
object 2 = 180°
The angle between the objects is degrees.
93.
453.
183.
273.
object 1 = 273°
object 2 = 180°
The angle between the objects is degrees.
93.
453.
183.
273.
Answer:
is 93
Explanation:
becuase
Consider the following markets which are characterized by lagged supply response: (a) Dt = 40 – 10pt ; St = 2 + 9pt-1. (b) Dt = 30 – 5pt ; St = 20 – pt-1. Determine equilibrium price and quantity for each market. Assume an initial price 20 percent below the equilibrium price for each market, and determine the number of periods necessary for each price to adjust to within 1 percent of equilibrium?
It takes 1 period for the price to adjust to within 1 percent of equilibrium in market (b).
The equilibrium price and quantity for each market can be determined by setting the demand function equal to the supply function and solving for price (pt) and quantity (Qt).
For market (a):
40 - 10pt = 2 + 9pt-1
Solving for pt:
10pt + 9pt-1 = 38
19pt = 38
pt = 38/19 = 2
Substituting back into the demand function to find Qt:
Qt = 40 - 10(2) = 20
Therefore, the equilibrium price for market (a) is 2 and the equilibrium quantity is 20.
For market (b):
30 - 5pt = 20 - pt-1
Solving for pt:
5pt + pt-1 = 10
6pt = 10
pt = 10/6 = 5/3
Substituting back into the demand function to find Qt:
Qt = 30 - 5(5/3) = 15
Therefore, the equilibrium price for market (b) is 5/3 and the equilibrium quantity is 15.
To determine the number of periods necessary for each price to adjust to within 1 percent of equilibrium, we can use the following formula:
pt = pt-1 + λ(pt* - pt-1)
Where pt* is the equilibrium price, pt-1 is the price in the previous period, and λ is the adjustment coefficient.
Assuming an initial price 20 percent below the equilibrium price for each market:
For market (a):
p0 = 2(0.8) = 1.6
Using the formula and solving for the number of periods:
1.6 + λ(2 - 1.6) = 2
λ = 0.4/0.4 = 1
Therefore, it takes 1 period for the price to adjust to within 1 percent of equilibrium in market (a).
For market (b):
p0 = (5/3)(0.8) = 4/3
Using the formula and solving for the number of periods:
4/3 + λ(5/3 - 4/3) = 5/3
λ = 1/3/(1/3) = 1
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prepare a dialogue on the topic employment is the key to development
Employment is a relationship between two parties regulating the provision of paid labor services.
What is the meaning of Employment?Employment is a partnership between two people that governs the delivery of compensated labor services. Usually based on such a contract between the employee and the employer, who may be a company or a not-for-profit.
In most cases, the term "employment" refers to the condition of having a paid job—of being employed. A person is paid to work when they are employed. Employees are employed by an employer. As in We're trying to boost our employment of women., the term "employment" can also refer to the act of employing people.
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to a new venture. 4. Compare the differences between micro, small, medium and large business and Apprais impacts of these business on different levels (International. National Regional, Local) of th economy, interpret using appropriate data and statistics.
Micro businesses are typically owned by one person. Small businesses employ fewer than 50 people. Medium-sized businesses typically have between 50-250. Large businesses have more than 250 employees.
Micro businesses are typically owned by one person, employ fewer than 10 people, and typically have a low turnover of less than €2 million. Small businesses employ fewer than 50 people, have a turnover of less than €10 million, and can be either independent or part of a larger organisation. Medium-sized businesses typically have between 50-250 employees and a turnover of between €10 million and €50 million. Large businesses have more than 250 employees and a turnover of over €50 million.
The impact of businesses on different levels of the economy will vary depending on their size. Micro businesses are often localised, meaning their impact is typically confined to the local economy. Small businesses typically have the most impact on the local economy, as they typically employ more people, and generate more tax revenue. Medium and large businesses often have a more international or national presence, meaning their impact is felt on a wider level. All businesses however will contribute to job creation, economic growth and prosperity, and their impact on the economy should not be underestimated.
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The key defining characteristic of experimental research is that: O A. Hypotheses are proved O B. A positive correlation exists OC. The Independent variable is manipulated D. Samples are large QUEST
The key defining characteristic of experimental research is that C. The Independent variable is manipulated.
Experimental research is a type of scientific research that involves manipulating one or more independent variables in order to determine their effect on a dependent variable. The independent variable is the variable that is controlled or manipulated by the researcher, while the dependent variable is the variable that is being measured or observed.
By manipulating the independent variable, researchers can determine if there is a cause-and-effect relationship between the independent and dependent variables. This is a key characteristic of experimental research, as it allows researchers to draw conclusions about causation.
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The United States has not had good relations with Iran since the early 1980s. The United States has accused the Iranian government of human rights abuses and supporting terrorist organizations. However, since Iran has recently shown that their nuclear program is for peaceful purposes, the United States will lift some nuclear-related restrictions on Iran. President Obama stated that many restrictions would remain in place, and that the United States would only lift nuclear-related restrictions. What can be concluded from the passage about relations between Iran and the United States?
The answer is from the above passage the relations between Iran and United states can be concluded as show-cause relationship.
It is because this deal does not give Iran the full fledged freedom to pursue nuclear endeavours, but it allows United States to put them in control and keep a lid on what is happening in Iran.
What is a correct basic definition?A person's right is something they may have that, in the opinion of others, should not be taken away. It is a restriction on what someone can do or possess. A right is distinct from a privilege, which is something that must be gained.
What is a good example and what is right?A right is an acceptable claim made against another person. For instance, if I am entitled to freedom, then I am also entitled to be left alone by others. When I'm on the opposite side, I might assert that others have an obligation or responsibility to leave me alone.
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The world's first tax documents O A. were created with the introduction of the "Single Whip Law" during China's Ming Dynasty (early 16th Century) B. were first recorded using cuniform writing on clay tablets over 10,000 years ago. O C. were created by Magna Carta - a treaty between the King of England and his Barons. OD. were invented by H&R Block in 1931. E. were invented in 1999 by the new Canadian Revenue Agency (CRA).
The world's first tax documents were first recorded using cuniform writing on clay tablets over 10,000 years ago. This is option B in the list of choices provided in the question.
Cuniform writing is one of the earliest known forms of writing, and was used by the ancient Sumerians in Mesopotamia. These clay tablets were used to record a variety of information, including tax documents. The use of cuniform writing for tax documents is evidence of the long history of taxation and the importance of keeping accurate records for tax purposes.
It is important to note that the other options provided in the question are not accurate. The "Single Whip Law" during China's Ming Dynasty, Magna Carta, and H&R Block were all important developments in the history of taxation, but they did not create the world's first tax documents. Similarly, the Canadian Revenue Agency (CRA) was not responsible for the invention of tax documents, as they have existed for thousands of years before the CRA was established.
In conclusion, the world's first tax documents were first recorded using uniform writing on clay tablets over 10,000 years ago, as indicated by option B in the question.
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1) Chapter 23: Economic Growth
a) Define Economic Growth. What is the difference between Real GDP Growth Rate and Real GDP Per Person Growth Rate? (5 pts)
b) Differentiate between Economic Growth and Business Cycle Expansion by providing an example. (5 pts)
c) ‘Economic growth is a sustained increase in potential GDP’. Explain in your own words with an example. (10 pts)
d) Explain how and what factors lead to the growth of Potential GDP? (5 pts)
a) Economic growth is a sustained increase in a nation’s capacity to produce goods and services. The difference between Real GDP Growth Rate and Real GDP Per Person Growth Rate is that the former measures the overall growth of the economy while the latter measures the growth in GDP per person, which takes into account the size of the population. b) Economic growth is a long-term rise in the potential output of a nation’s economy, while business cycle expansion is a short-term increase in the output of a nation’s economy. c) Economic growth is a sustained increase in potential GDP, which means that the economy has the ability to produce more goods and services over a long period of time. d) The growth of Potential GDP is influenced by factors such as the labor force increase, technology improvement, and capital stock increase.
a) Economic growth is the increase in the production of goods and services in an economy over a period of time. It is typically measured by the growth rate of real gross domestic product (GDP). The Real GDP Growth Rate is the rate of increase in the actual production of goods and services in a nation, while the Real GDP Per Person Growth Rate is the rate of increase of the output of goods and services produced per person in the nation.
Real GDP Per Person Growth Rate is a better measure of the standard of living in an economy because it accounts for the fact that a growing economy may not necessarily lead to an improvement in the standard of living if the population is also growing at the same rate.
b) Economic growth and business cycle expansion are two different concepts. Economic growth is a long-term trend, while business cycle expansion is a short-term fluctuation in the economy. Economic growth refers to the increase in the production of goods and services over a period of years or decades, while business cycle expansion refers to the increase in economic activity during a specific period of time, such as a few months or a year.
For example, if the potential output of a nation’s economy steadily increases over time due to technological advancements and increasing productivity, this would be an example of Economic Growth. If a nation’s output suddenly increases due to an increase in demand, this would be an example of Business Cycle Expansion.
c) Economic growth is a sustained increase in potential GDP, which means that the economy is able to produce more goods and services over a long period of time. An example of this would be an economy that has experienced consistent growth in its GDP over the past decade, indicating that it has the potential to produce more goods and services in the future.
Another example of this could be the productivity gains of a nation due to the development of new technology, increased access to capital and resources, and improved educational opportunities. These developments lead to an increase in the nation’s capacity to produce goods and services.
d) The growth of Potential GDP is influenced by several factors, including increases in the labor force, improvements in technology, and increases in the capital stock. An increase in the labor force allows for more goods and services to be produced, while improvements in technology and increases in the capital stock make it possible for the economy to produce more goods and services with the same amount of labor and capital.
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Q. As a worker in a small firm, Mr. Pigou is paid $20.00/hour. There are 100 hours in the week, and he has $250 in unearned income. He maximizes utility over consumption and leisure. His preferences are given by the utility function U(L,C) = 2L 1/2 C 1/2 .
a) Set up Mr. Pigou’s optimization problem, derive the first order conditions for optimization and find his optimal choice of consumption (C), leisure (L), and hours of work (H). Your answer should be both functions (of parameters) and numerical.
b) Draw Mr. Pigou’s budget constraint, and show his equilibrium choice of leisure and consumption found in part a. Show all calculations.
A. Mr. Pigou's optimal choice of consumption (C) is $1750, leisure (L) is 25 hours, and hours of work (H) is 75 hours.
B. Mr. Pigou's equilibrium choice of leisure (L) and consumption (C) (25, $1750). This point represents his optimal choice of leisure and consumption.
Mr. Pigou's optimization problem can be set up as follows:
Maximize U(L,C) = 2L 1/2 C 1/2
Subject to: C = $20H + $250 - $20L
Where C is consumption, L is leisure, H is hours of work, and $20 is his wage rate.
The first order conditions for optimization are:
∂U/∂L = 0 and ∂U/∂C = 0
Solving these equations gives us:
L 1/2 = C 1/2 /2 and C 1/2 = 2L 1/2
Substituting these equations into the budget constraint gives us:
$20H + $250 - $20L = 2L 1/2
Solving for L gives us:
L = (100 - H) = 25
And solving for C gives us:
C = $20H + $250 - $20L = $20(100 - 25) + $250 = $1750
To draw Mr. Pigou's budget constraint, we need to plot his income ($250) and wage rate ($20) on the vertical axis and leisure (L) on the horizontal axis. The budget constraint will be a straight line with a slope of -$20 (his wage rate) and an intercept of $250 (his unearned income).
All calculations are shown below:
L 1/2 = C 1/2 /2 → L = (C/4) 2
C 1/2 = 2L 1/2 → C = 4L 2
$20H + $250 - $20L = 2L 1/2 → $20(100 - L) + $250 - $20L = 2L 1/2
→ $2000 - $20L = 2L 1/2
→ L = (100 - H) = 25
C = $20H + $250 - $20L = $20(100 - 25) + $250 = $1750
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Describe two effects of the Populist Movement in Louisiana
In addition, the platform demanded a reduced workweek, a graduated income tax, direct Senate elections, limits on foreign immigration to the country, and public ownership of railroads and communication networks.
Voters in the South, the Great Plains, and the Rocky Mountains responded most favourably to populist messages.
Farmers in the South and the Midwest rose up in the Populist movement to protest the Democratic and Republican Parties' disregard for their concerns and issues. Farmers experienced crop failures, declining prices, subpar marketing, and a lack of credit facilities for more than ten years. The Populists demanded a number of other reforms in addition to the free coinage of silver.
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Is
greater devolution of economic policy powers necessary to support
economic growth?
Greater devolution of economic policy powers can potentially support economic growth by allowing for more localized decision making and tailoring of economic policies to better suit the needs and circumstances of a particular region or community.
However, it is important to note that devolution of powers does not guarantee economic growth, as there are many other factors that can impact the economy. Additionally, there may be drawbacks to devolution, such as the potential for increased inequality between regions or the potential for policy conflicts between different levels of government. Ultimately, the decision to pursue greater devolution of economic policy powers should be carefully considered and weighed against the potential benefits and drawbacks.Learn more about economic growth at: https://brainly.com/question/1690575
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