1. Suppose we decide to charge a per ounce price of $2, while at…
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1. Suppose we decide to charge a per ounce price of $2, while at the same time our rival charges a price of $2.15. All else equal, what would you expect sales to be? How confident are you in your forecast? Explain.2. Suppose we are charging a price of $2 and our current marginal cost is $1.50 Are we maximizing profits at this price? If not, should we raise or lower price? Why?Can someone please explain how you find the demand function listed below. I found the answers below in another question someone asked. The two questions above are different than the questions asked in the document below and am looking for someone to show step by step work regarding the questions above.
Can i get help with assignemnt 5 SuS 1501 Sus assignment no 4 which talks about Fair is fair. I
Can i get help with assignemnt 5 SuS 1501 Sus assignment no 4 which talks about Fair is fair. I was given the Question to answers. Is this Ok? To the statement below”Bringin these facts together we see tha mr openhemer were to liquudate his asses and his money into fixed deposit bank at 8 percent interest he would ear over 7 billion per yearThanks
Consider the following economy. The aggregate demand curve is given as: =300−2 . The aggregate supply curve is derived from
Consider the following economy. The aggregate demand curve is given as: =300−2 . The aggregate supply curve is derived from the sticky-price model. The fraction of the firms with sticky prices is s while the fraction of the firms with flexible prices is (1-s). Assume =0.5. The firms with flexible prices set their prices following: = ( −Y̅). The firms with sticky prices set their prices following: == . The long-run AS curve is given as Y̅ =100.b) Suppose that the economy is currently at the long-run equilibrium. Determine the equilibrium values of Y, P, and EP. Also draw the AD, SRAS, and LRAS curves to describe the equilibrium. (4 points)c) Suppose that, as a result of an expansionary fiscal policy, the aggregate demand changes to: =330−2 . Suppose that this policy was not expected. Describe the short-run equilibrium using the AD, SRAS, and LRAS curves. Determine the equilibrium values of Y, P, and EP. (4 points)d) Suppose that the share of firms with sticky prices, s, becomes higher than what has been assumed in the previous questions. Does that affect your answer in part b) and/or your answer in part c)? Why or why not? (Note: You don’t need to the calculations again. You can answer based on your intuition and figures.) (4 points)
mpirical Assignment 2 – Chapter 11: EC 421 (Spring 2017; 36738) Intro Econometrics Ques1 1. In April 2008 the unemployment
mpirical Assignment 2 – Chapter 11: EC 421 (Spring 2017; 36738) Intro Econometrics Ques1 1. In April 2008 the unemployment rate in the United States stood at 5.0%. By April 2009 it had increased to 9.0%, and it had increased further, to 10.0%, by October 2009. You will find the data file Employment_08_09 attached with this email, which contains a random sample of 5440 workers who were surveyed in April 2008 and reported that they were employed full time. A detailed description is given in Employment_08_09_Description file. These workers were surveyed one year later, in April 2009, and asked about their employment status (employed, unemployed, or out of the labor force). The data set also includes various demographic measures for each individual. Use the dataset to model the determinants of Employed. Use the regressions to discuss the characteristics of workers who were hurt most by the Great Recession.
Entrepreneurship’s importance to an economy and the society in which it resides was expertly articulated in 1934 by Joseph Schumpeter,
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Entrepreneurship’s importance to an economy and the society in which it resides was expertly articulated in 1934 by Joseph Schumpeter, an Austrian economist who did the majority of his work at Harvard University. In his book The Theory of Economic Development, Schumpeter argued that entrepreneurs develop new products and technologies that over time make current products and technologies obsolete. Schumpeter called this process creative destruction. Because new products and technologies are typically better than those they replace and the availability of improved products and technologies increases consumer demand, creative destruction stimulates economic activity. The new products and technologies may also increase the productivity of all elements of a society. The creative destruction process is initiated most effectively by start-up ventures that improve on what is currently available. Small firms that practice this art are often called “innovators” or “agents of change.” The process of creative destruction is not limited to new products and technologies; it can include new pricing strategies (e.g., Netflix in DVDs), new distribution channels(such as e-books for books), or new retail formats (such as IKEA in furniture and Whole Foods Market in groceries). Now let’s look more closely at entrepreneurship’s importance. For two reasons, entrepreneurial behavior has a strong impact on an economy’s strength. innovation Innovation is the process of creating something new, which is central to the entrepreneurial process.55 According to the Small Business Administration (SBA) Office of Advocacy, small innovative firms are 16 times more productive than large innovative firms in terms of patents per employee. Small firms tend to be particularly innovative in certain industries, as measured by patent activity. For example, small firms account for more than 32 percent ofpatents in both smart grids and solar energy and 15 percent of patents in batteries and fuel cells. Job Creation According to the SBA, small businesses, substantial number of net new jobs in the United States. Firms with 500 or fewer employees create 65 percent of new jobs on an annual basis, while firms with 50 or fewer employees create 32 percent of new jobs. The only downside of small business jobs is that employee pay tends to be less than is the case in larger companies. According to the SBA, weekly wages averaged $679 at businesses with 5 to 9 employees, $815 at businesses with 50 to 99 employees, and $1,000 for firms with over 250 employees.57 Still, small businesses are held inhigh regard in terms of job creation. Entrepreneurial Firms’ impact on Society Entrepreneurial firms’ innovations have a dramatic impact on a society. Think of all the new products and services that make our lives easier, enhance our productivity at work, improve our health, and entertain us. For example, Amgen, an entrepreneurial firm that helped pioneer the biotechnology industry, has produced a number of drugs that have dramatically improved people’s lives. An example is NEUPOGEN, a drug that decreases the incidence of infection in cancer patients who are undergoing chemotherapy treatment. In addition to improved health care, consider smartphones, social networks, Internet shopping, overnight package delivery, and digital photography. All these products are new to this generation, yet it’s hard to imagine our world without them. However, innovations do create moral and ethical issues with which societies are forced to grapple. For example, bar-code scanner technology and the Internet have made it easier for companies to track the purchasing behavior of their customers, a fact that raises privacy concerns. Similarly, bioengineering has made it easier to extend the shelf life of many food products, but some researchers and consumers question the long-term health implications of bioengineered foods.Entrepreneurial Firms’ impact on larger Firms. In addition to the impact that entrepreneurial firms have on economies and societies, they also positively impact the effectiveness of larger firms. For example, some entrepreneurial firms are original equipment manufacturers, producing parts that go into products that larger firms manufacture and sell. Thus, many exciting new products, such as smartphones, digital cameras, and improved prescription drugs, are not solely the result of the efforts of larger companies with strong brand names, such as Samsung, Apple, and Johnson
A government budget surplus is __________.22 options:an excess of revenues over government spending a situation in which the supply
A government budget surplus is __________.Question 22 options:an excess of revenues over government spending a situation in which the supply of goods in the economy is greater than the demand for goodsa situation in which the amount spent by the government is greater than the amount collected in taxesthe public debt
Sydney and Melbourne’s median residential property prices are only lower than world-leading Hong Kong and Vancouver, despite the recent sharp
Sydney and Melbourne’s median residential property prices are only lower than world-leading Hong Kong and Vancouver, despite the recent sharp local market downturn, according to the latest Demographia global survey of housing affordability.Strong pent-up demand from first-time buyers, investors and owner occupiers is expected to be boosted from Hong Kong, where political and social unrest is expected to increase interest in safer markets.I need help to understand the demand and supply from economics.
Bob Day, a former contributor to the Demographia report, ex-senator and former national president of the Housing Industry Association, said:
Bob Day, a former contributor to the Demographia report, ex-senator and former national president of the Housing Industry Association, said: “The local housing problem is simple demand and supply. Land is being prevented from being used for houses by state and federal governments.”The real culprit is the refusal of governments to provide an adequate and affordable supply of land for new housing stock to meet demand,” he said. “The ‘scarcity’ that drives up land prices is wholly contrived – it is a matter of political choice, not geographic reality.” How to analyse it from a supply and demand point of view?
The following is a payoff matrix showing profit in millions of dollars when two companies simultaneously decide on various advertising
The following is a payoff matrix showing profit in millions of dollars when two companies simultaneously decide on various advertising budgets ($1 million, $2 million, or $3 million):a. In the first round of strategy elimination (when all three possible budgets are under consideration), which ad budget would the companies exclude?b. After the first round of elimination (previous question), would either company make a second-round elimination?c. What would be the likely outcome of this simultaneous advertising decision (i.e. what ad budget would each company end up choosing)? In the first round of strategy elimination (when all three possible budgets are under consideration), which ad budget would the companies exclude?Select one:a. Papa Johns would eliminate $3 mill; Pizza Hut would eliminate $3 mill.b. Papa Johns would eliminate $1 mill; Pizza Hut would eliminate $3 mill.c. Papa Johns would eliminate $1 mill; Pizza Hut would eliminate $2 mill.d. Papa Johns would eliminate $2 mill; Pizza Hut would eliminate $1 mill.10. After the first round of elimination (previous question), would either company make a second-round elimination?Select one:a. Papa Johns would eliminate $3 mill; Pizza Hut would not eliminate either.b. Papa Johns would eliminate $2 mill; Pizza Hut would eliminate $1 mill.c. Papa Johns would not eliminate either; Pizza Hut would eliminate $3 mill.d. Neither company would eliminate in the second round.11. What would be the likely outcome of this simultaneous advertising decision (i.e. what ad budget would each company end up choosing)?Select one:a. Papa Johns would choose $1 mill; Pizza Hut would choose $2 mill.b. Both would choose $3 mill.c. Papa Johns would pick $2 mill; Pizza Hut would pick $3 mill.d. Papa Johns would choose $3 mill; Pizza Hut would choose $1 mill.
according to the text, when it comes to building a team, which of the following Is statement true? A. most
according to the text, when it comes to building a team, which of the following Is statement true? A. most leaders like to work with associates who Install team spirit. B. Most leaders want to work with associates who celebrate the quirks of individuals. C. most leaders choose associates with personalities similar to their own personalities.D. most leaders embrace associates with different personality styles.E. most leaders look for a associate who appreciate tradition.
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