November 2020

Task: Taco Casa is considering installing touch screen terminals for patrons to place their food orders. They discovered that installation costs at stores with four screens were $60,000 but were $80,000 at stores with six terminals. What are the marginal costs of installing another terminal at a location? Taco Casa is considering installing touch screen […]

Assignment 1. We are advisors to the president. The nation is experiencing the following: a.It has a high unemployment which stems from an insufficient use of resources. b.It faces a current account deficit. c.It has a capital account surplus. d.The technology level is low          e.The infrastructure level is low. What policy

How to Write a Country Analysis Term Papers How to write a country analysis term paper illustrates all the aspects that should be in a good country analysis research paper. The following illustrates all the aspects that Paper Masters’ believes should be in a good country analysis research paper. I. Political/legal aspects: – Government involvement

Refer to Table 3-2. The equilibrium price for umbrellas isA) $10. B) $25. C) $30. D) $20. E) $15.1)2) Suppose an increase in world demand for potash (used in the production of fertilizer) increasesthe price by 22 percent. Annual Canadian production increases by 33 percent. What is theelasticity of supply of Canadian potash?A) 0.67 B) 1.0 C) 1.5 D) 0.22 E) 0.332)3) Suppose there is a decrease in the quantity supplied of copper at each

Task: Problem 1: Lorenz Curves And Gini Coefficients  Using a simulated version of the KwaZulu-Natal Income Dynamics Study (KIDS) survey, we will examine the evolution of inequality in South Africa between 1993 and 2004. (Use the data provided in the “SSI2020_PS2_template” Excel file under the worksheet titled “Q1_Lorenz and Gini_n” in the folder for problem

Task: Problem 1: Lorenz Curves And Gini Coefficients  Using a simulated version of the KwaZulu-Natal Income Dynamics Study (KIDS) survey, we will examine the evolution of inequality in South Africa between 1993 and 2004. (Use the data provided in the “SSI2020_PS2_template” Excel file under the worksheet titled “Q1_Lorenz and Gini_n” in the folder for problem

Task: Based on the attached article authored by Sunny Glottmann and published on February 6, 2020 by Third Way, respond to the following questions:   1. Discuss the economic factors that should be accessed in analyzing the effects of enacting trade barriers such as tariffs and quotas.  2. State and defend your position on whether you

Assignment Part I. The Ricardian Model 1. At the beginning of the chapter there is a brief quotation from David Ricardo, and here is a longer version of what Ricardo wrote:  England may be so circumstanced, that to produce the cloth may require the labour of 100 men for 1 year; and if she attempted

Assignment Economics is the study of choices. To inform those choices and make good decisions, you need a solid understanding of the principles of economics and their role in business. This course covers the major drivers behind economic decision making; key strategies that enhance economic efficiency; and how economics impacts you every day on a

Questions:1. Market demand isP=224–4Q, where Q is the total output. There are two firms producing in this market, each has total costs ð¶=𝑞𝑖2, where ð‘–=1,2. Marginal costsare ð‘€ð¶ð‘–=2𝑞𝑖, notice they are not constant.a.Calculatethe Cournot equilibrium firm outputs, market price, firms’ profitsb.Calculatethe Stackelberg equilibrium firm outputs, market price, firms’ profits (firm 1 is a leader in deciding their output, and firm 2 is a