Discussion: Answer each section below in separate paragraphs. 1. Assume you are in charge of fiscal policy. A slowdown in the economy occurs, and in an effort to try to stimulate the economy via expansionary fiscal policy, you can choose to implement either a reduction in overall taxes or an increase in government spending, but not both . Which one will you implement because you […]
Assume the economy is at full employment as of January 2018 and the government passes a tax bill that reduces taxes by $100B. The tax bill, however, does not change government spending. (These are are all short answer, but please provide enough detail to explain your answer. That is, it is not sufficient to claim prices go down or output goes up. Explain, briefly, why […]
How do you complete this question? As agent time is a cost to their business, BUPA may also be interested in predicting lcall_duration (the natural log of call_duration). Design a regression model to predict lcall_duration. Choose the explanatory variables to include, and whether to include them as dummies/ logs/ polynomials/ interactions as you feel appropriate. Present the results of the descriptive statistics and your final […]
Please help me out!! I’ve been stuck on this for so long. I’m not sure if my algebra is off or what, but I need help! Exercise 3 (Expenditure Minimization Problem) Suppese utility is given by U(.r,y) = a: – (1 + y), and the objectivefunction is given by page + pyy. a) Given the eenstraint that U03, 3;) = [7, derive the Hicksian demands […]
if information is less costly and more easily available,then usually this…. a.makes markets less efficient b.increases the opportunity cost of acquiring more information c.increases profit oppprtunity d.makes market more efficient
My subject is actually international economics, and this exercise belongs to the chapter of the Ricardian model. 7. The table shows unit labour requirements for a tonne of paper and a personal computer(PC) for two countries, Indonesia and Japan.Unit labour requirement1 ton of paper1 PCIndonesia15Japan1/22Unit labour requirement shows the number of hours of labour required to produce one unit ofgood.4a) Which country has an absolute […]
Assume that two companies (A and B) are duopolists who produce identical products. Demand for the products is given by the following linear demand function:P = 200-Qa-Qbwhere Qa and Qb are the quantities sold by the respective firms and P is the selling price. Total cost functions for the two companies are:TCa = 1500+55Qa+Qa^2TCb = 1200+20Qb+2Qb^2Assume that the firms act independently as in the Cournot […]
Problem 10(ii)â€â€Big Apple Music Inc Big Apple Music Inc. enjoys an exclusive copyright on the music written and produced by the Fab Four, a legendary British Rock group. Recently, a demand function was estimated for the music of the Fab Four. The estimate is: Q = 144P^(-2.0) Media production costs have been estimated to be C = 5 + Q^1.5 which includes shipping, packaging and […]
Quantitative Analysis for Decision Makers Please review the Case of Water Main Breaks in the City of Makefield and answer the Decision ASSESSMENT SHEET based on the case. Here’s a video that will guide in completing the decision assessment sheet
1. Using the graph above , what is the profit maximizing or loss minimizing output and price? 2. Using the graph above , what is the profit or loss at the profit maximizing or loss minimizing point? 3. What would happen in this market in the long run. Be sure to explain in detail what happens in the market and the firm. What would be […]
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