Using ANY data set from the OECD for 20 countries-plot the GDP per capita on the horizontal axis and % out of pocket payment on the vertical axis-is there a negative or positive slope? I have done this and I am not getting a slope-more like a cluster with US as an outlier.
22 Demonstrate graphically and explain verbally the case of a monopolistically competitive firm earning a positive economic profit. Is this firm in a short run or a long run equilibrium? In the short run, how does this case differ from the monopoly market outcome? 23 Demonstrate graphically and explain verbally the long run equilibrium for a monopolistically competitive firm. How does this differ from the […]
Assignment 2: Lending Institutions, Health Care, and Human Capital Due Week 9 and worth 200 points Use the Internet to research one (1) developing nation of your choice. Your research should include an examination of lending institutions, health care, and human capital, as well as the material covered by the Webtext and lectures in Weeks 6 through 9. Write a three to four (3-4) page […]
the owners of a sucessful resteraunt want a loan for $50,000 to renovate the kitchen and expand the dining room they expect that the extra tables will add between $2,000 and $5,000 to the resteraunt’s mothly revenue?
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market’s scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions:1.What two policies could you use to reduce the total amount of emissions?2.Why do you think they each would work?3.What would the […]
I have 7 (10 mark) questions to choose from, from which any 4 need to be answered. These questions are from a Quiz which will be available an hour an a half from now. You will only have about 40 minutes to answer those questions. Ill pay 50 dollars for those answers. If you have a good back ground in Economics and if you are […]
These next five problems consider tax incidence. Suppose the market supply and demand for guitars in Happy Valley are given by:Demand: P = 1000 – 0.25QSupply: P = 200 + QWhat is the equilibrium price and quantity of the product?A) P* = 840, Q* = 640B) P* = 733.25, Q* = 1067C) P* = 760, Q* = 960D) P* = 800, Q* = 60015.What is […]
Read the two articles below that discuss why fuel prices fluctuate. Research two of these types further. 300 words excluding citations and references plz. The links for the article is below https://www.forbes.com/sites/eco-nomics/2012/03/05/five-reasons-gas-prices-rise/#a6e16e11e02b https://www.csmonitor.com/Environment/2014/1031/Why-do-gas-prices-rise-and-fall-5-driving-factors/Oil-A-volatile-commodity
Can someone please help me and explain these answers ? Question 5 ( 1 point )Assume there are two existing identical firms in a market in which market demand is given byP ( Q ) = A – 2 *where Q is total market output given by Q 1 + Q2 . Assume A = 520 0 . For simplicity , assume thatmarginal cost is […]
(c) Suppose that there is a cap and trade system in place (marketable emission per- mits). The firm receives 30 pollution permits and must abate and/or purchase permits to cover the remainder of its baseline emissions. Suppose that the firm is small and takes the permit price as given. If the permit price is $120 per unit, will the firm buy or sell permits? How […]
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