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ECO 100307 Strayer University Lithonia Campus Week 9 Inflation Rates Essay

Can you help me understand this Economics question?

Assignment 2: Final Report

Due Week 9, worth 175 points

This assignment is aligned to this course outcome:

  • Apply macroeconomic concepts to current and personal economic events and decisions.

In addition to writing about macroeconomic concepts, it’s equally important to be able to convey your understanding of these concepts by communicating them to others. In the workplace you might do this by writing briefs (like you did for Assignment 1), creating presentations, or writing reports for your manager or team. An example final report and optional template are provided below.

For this Final Report assignment, you can build off your previous economic brief and selected industry from Assignment 1, or you can select another industry such as Finance and Insurance, Health Care, or Manufacturing, and examine one of the macroeconomic indicators or policies below:

  • GDP growth
  • Unemployment rates
  • Inflation rates
  • Interest rates
  • Imports and exports
  • Government fiscal policy and issues related to taxation, government spending, and budget deficits
  • FED (central bank) monetary policy and issues related to the FED’s mission to stabilize the economy

Example Final Report, Assignment 2 Template, Strayer Writing Standards

  1. Review an example final report.
  2. Use the optional template to help you get started.
  3. Review the Strayer Writing Standards. (See Instructions below.)

Instructions

Use Microsoft Word to prepare a Final Report that is a minimum of two to three (2-3) pages long in which you:

1. Introduce your selected industry with a brief one-paragraph introduction. Refer to the NAICS (North American Industry Classification System) to review the details about your industry.

2. Assess your selected industry’s size and/or growth rate in the economy.

These macroeconomic resources will help you find the size and growth rate of your industry relative to real U.S. GDP:

• Real GDP – Select Section 1, then table 1.1.6 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov).

• % Change in Real GDP – Select Section 1, then table 1.1.1 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov).

• GDP by Industry – Steps:

1. Select “Interactive Data.”
2. Select “Industry Data Tables.”
3. Select “Begin Using the Data.”
4. Select “Gross Output by Industry.”
5. Select “Real Gross Output by Industry (A) (Q).”
6. Select “Quarterly” or “Annual.”
7. Select “Next Step.” Data is from Bureau of Economic Analysis (bea.gov).

• % Change in GDP by Industry – Steps:

1. Select “Interactive Data.”
2. Select “Industry Data Tables.”
3. Select “Begin Using the Data.”
4. Select “Gross Output by Industry.”
5. Select “Percent Changes in Chain-Type Quantity Indexes for Gross Output by Industry (A) (Q).”
6. Select “Quarterly” or “Annual.”
7. Select “Next Step.” Data is from Bureau of Economic Analysis (bea.gov).

3. Identify one newsworthy macroeconomic indicator or policy (e.g., GDP, unemployment, inflation rates, interest rates, government taxation and spending decisions, and/or FED decisions) that the industry should monitor and explain why it’s important and how it might impact your selected industry.

These resources are available to help you measure and track macroeconomic indicators and outcomes of macroeconomic policies.You’ll use one or more depending on the macroeconomic indicator selected.

• Unemployment rates – Data is from Bureau of Labor Statistics (bls.gov).

• Inflation rates as measured by the Consumer Price Index (CPI). Data is from Bureau of Labor Statistics (bls.gov).

• % Change in Real Exports and Imports – Select Section 4, then table 4.2.1. (Select MODIFY to change the year range and frequency.) Data is from Bureau of Economic Analysis (bea.gov).

• Government receipts, expenditures, and savings – Select Section 3, then table 3.1 for total government and table for 3.2 for federal government. (Select MODIFY to change the year range and frequency.) Data is from the Bureau of Economic Analysis (bea.gov).

• FED Funds Interest RatesData is from Trading Economics (tradingeconomics.com).

4. Describe a recent trend in the macroeconomic indicator or policy. Include a graph, chart, or table that illustrates the observed trend.

5. Summarize how you think this industry will perform in the future. Provide support for your rationale.

6. This course requires use of Strayer Writing Standards (SWS). The format is different compared to other Strayer University courses. Please take a moment to review the SWS documentation for details. (Note: You’ll be prompted to enter your Blackboard login credentials to view these standards.)

University of Central Florida Proposed Monetary Policies Discussion

I don’t know how to handle this Economics question and need guidance.

In your initial post, you are to write to either the President (on fiscal policy) or to the Chair of the Federal Reserve (on monetary policy) describing a specific policy action that you believe should be taken at this moment in time (e.g., lower taxes or buy bonds) and explain why you would take the action (what is currently happening in the economy and what will this action accomplish?). Your thoughtful post (of between 200 – 400 words)

University of Toronto Offshoring of Good and Services Discussion

I’m studying and need help with a Economics question to help me learn.

Question 1 (5 Points): This question is based on the Offshoring of Good and Services

Consider a simplified offshoring model with two countries Home and Foreign and two activities, Components and R&D. Components is low-skilled labor intensive-whereas R&D is high-skilled labor-intensive. The final good produced is Mphone. The costs of capital and trade are uniform across production activities. The wage structure in Home (H) and Foreign (F) for low-skilled labor (L) and high-skilled labor (H) is as follows:

Home: WHL = 30,000, WHH = 90,000 and Foreign: WFL = 1,000, WFH = 5,000

  1. Which country has the higher relative wage of low-skilled labor? (1 points)
  2. Suppose the two countries engage in trade. Which activity will Home offshore, and why?(2 points)
  3. By opening to trade, the Home finds that it can import the components more cheaply thanit could produce on its own (due to lower world-relative price of components). Draw a diagram to illustrate the gains to Home from offshoring. (2 points)

Question 2 (5 Points): This question is based on the Specific Factor (Short Run) Model

A. What do you know about NAFTA? (1 point)
B. Why did the free trade agreement between US and Mexico face some opposition. whereas this was not the case with the free trade agreement between Canada and US. Explain the reasons in the light of your understanding of the concepts of interindustry and intraindustry trade studied in chapter 6. (4 points)

WU Healthcare Consumer Perspective and Health Care Cost Discussion

I need support with this Economics question so I can learn better.

Reimbursement

Healthcare economics are affected by the push and pull of three participants: the payer, the provider, and the consumer. Consider this example:

You work full time for your employer who provides vision insurance as a benefit. Your contribution is $5 a month or $60 a year. Your employer contribution is $10 a month for each employee enrolled.

You find yourself in need of new glasses and have fallen in love with the designer $600 frames. Your copay on glasses is 20% for one pair of glasses so your out-of-pocket cost is $120. For your new glasses, the insurance company has to pay the $300 difference between what they collected from you, your employer, and your copay.

Clearly, the insurance company cannot do this for every employee every year so they increase rates, which means your employer must increase your contribution as well. In addition, the insurance company adds purchase limits on the maximum it will pay for new glasses or how often it will do so, say once every 2 years.

Consider this scenario as it applies to other healthcare costs, copays, and contributions. If we can demand to have the most expensive healthcare solutions, and only pay our co-pay, that impacts insurance companies, employers, businesses, and other patients.

In this Discussion, you will consider the point of view of each party-the payer, the provider, and the consumer-and reflect on the impact of health insurance and reimbursement on behaviors.

To Prepare:

  • You will be assigned to one of the following three perspectives by your Instructor for this Discussion
  • Healthcare consumer

Post a comprehensive response that includes the following:

  • Describe the perspective you were assigned.
  • Give at least one example of how health insurance may affect healthcare costs, reimbursement, healthcare access, and utilization. Be specific about how health insurance impacts each concept.
  • Explain how aspects of healthcare costs, reimbursement, healthcare access, and utilization might affect experiences with healthcare for the perspective you were assigned. Explain.
  • Be sure to support your Discussion with a reference to course materials or a reference within the last three years.

Southern Methodist University Job Search Theory to Unemployment Questions

Help me study for my Economics class. I’m stuck and don’t understand.

Answer any three (3) of the following four (4) questions in any order that you wish. If you submit four (4) questions, the first four (4) answers in order will be marked.

  • Explain the “JOB SEARCH THEORY” and its relevance to unemployment. How would an increase in Employment Insurance[1] benefits affect the Job Search Theory?
  • Define the five labour market themes from the twentieth century in Canada. Explain how two of these themes evolved over the past 120 years.
  • Explain the effect of wage elasticity of demand on unionization. What effect would improved technology have on unions and unionized workers?
  • Explain why and how a company must make the decision to either employ workers or contract out labour services. How would legislation to enforce mandatory minimum paid sick leave affect the choice?

University of Phoenix Legal Influences on Economic Concentration Discussion

  • Innovation and physical capital are 2 of the 4 factors of production. Discuss some specific ways that 1 of the following laws increased the productivity of 1 or both of these factors of production:
  • 1862 Pacific Railway Act
  • 1956 Federal Aid Highway Act
  • 1946 Federal Airport Act
  • What other examples of economic concentration can you share?
  • What are the risks and advantages to economic concentration?
  • How has economic concentration influenced your industry?

Los Angeles City College Fiscal Policy Discussion

  • COMPARE AND CONTRAST THE USE OF GOVERNMENT SPENDING CHANGES VERSUS TAX CHANGES AS A MEANS OF INFLUENCING THE COURSE OF THE ECONOMY. IS ONE OR THE OTHER PREFERABLE IN SPECIFIC SITUATIONS? WHAT WOULD BE THE LIMITATIONS OF FISCAL POLICY?

UCI Labor Economics & Market Marginal Costs & Profit Maximization Worksheet

I don’t know how to handle this Economics question and need guidance.

1. (25 points total) Suppose a firm uses only one input (L) to produce output y, with the production function y = L1/2. Suppose the firm sells its output in a competitive market at price p, and buys labor in a competitive market at price w.

a. (5) What is the marginal cost of a unit of labor for the firm? What is the marginal revenue product of a unit of labor for the firm? Graph the marginal cost and marginal revenue product against L.

b. (5) If the firm maximizes profits, what is its labor demand function? Show the profit-maximizing quantity of labor employed on the graph. If w = 2 and = 8, what is the quantity of labor demanded?

c. (5) What happens to your graph in parts a and b if the wage increases? Use the graph to explain how and why the profit-maximizing labor demand choice changes.

d. (10) Now assume that the firm is a monopolist, and faces the product demand curve a – b∙y. (Everything else remains the same). If the monopolist maximizes profits, what is its labor demand function? After you derive the labor demand function, discuss whether the effects of the parameters or variables that determine labor demand have the expected signs. (Hint: You should be able to show that if a = p and b = 0, you get the labor demand function that you derived in part b.)

2. (15 points total) Suppose a profit-maximizing firm in a competitive product market and a competitive labor market has production function Y = L1/3K1/3. Input prices are w and r (for L and K, respectively), and output price is p.

a. (5) Draw isoquants for this firm for = 1, = 4, and = 9, labeling at least one point

(L,K) on each isoquant.

b. (5) Solve for the conditional labor demand curve for the firm (i.e., when it cost minimizes)? What variables does this depend on, and why?

c. (5) Solve for the unconditional labor demand curve for this firm. What variables does this depend on, and why?

ADM 620 GCU Leadership Approaches The Qualities of a Good Leader Discussion

Rank the qualities you believe are most important for a leader to have. Explain why and how you ranked each quality. Explain the role of ethics in leadership, include the strengths and challenges of being an ethical leader. (Discussion 1 150 words 1 reference)

Take one of the questionnaires located in the textbook or SAGE student resource site. What do you perceive as your greatest strength? Give an example of how your behavior in one situation illustrated this strength. What do you perceive as your greatest weakness? Give an example of how your behavior in one situation illustrated this weakness.

Discussion Question 2 (150 words with 1 reference)

ECON 290 University of Victoria Canadian Microeconomic Policy Discussion

I’m working on a Economics exercise and need support.

1. Butchart Gardens is a very large garden in Victoria, BC, renowned for its beautiful plants. It is so large that it could hold many times more visitors than currently visit it. The garden charges an admission fee of $30 in summer. At this price, 1000 visitors visit the garden each day. If admission were free, 2000 visitors would visit the garden each day.

a) Are visits to Butchard Gardens in summer excludable or non-excludable? Are they rival in consumption or non-rival? What type of good is it?
b) In a diagram, illustrate the demand curve for visits to Butchard Gardens. Indicate the situation when Butchard Gardens charges an admission fee of $30. Also indicate the situation when Butchard Gardens charges no admission fee. Illustrate the deadweight loss from charging a $30 admission fee, and calculate its size. Explain why charging $30 admission fee is inefficient.

2. Governments are in the business of providing information to potential buyers. The first serious provision of information on the health consequences of tobacco use appeared in the United States Report of the Surgeon General in 1964.
(a) How would you represent this intervention in a supply and demand for tobacco diagram? Draw a graph to compare the outcomes before and after the intervention.
(b) Did this intervention correct a market failure? Briefly explain.

3. Suppose there are two types of people: Healthy and Unhealthy. It costs more to insure unhealthy people because they are likely to incur more medical bills. Suppose the marginal cost (MC) of providing an insurance policy is $1,000 for a healthy person and $4,000 for an unhealthy person. Assume healthy people are willing to pay $1,500 for health insurance, and unhealthy people are willing to pay $5,000. Suppose the insurance company charges P = MC so as to earn zero profit.
a) With complete information, will all people be insured? If no, explain why. If yes, what would be the price of insurance for each type of people?
b) Now suppose there is asymmetric information. People know whether they are healthy or unhealthy, but the insurance company can’t tell. However, it knows that 20% of the population is unhealthy. If people can choose whether to buy insurance or not, who will buy insurance? And what will be the price of insurance in equilibrium? Is this outcome efficient? Explain why or why not.
c) Suppose government provides a medical service plan (MSP), which is a universal compulsory medical insurance that everyone has to buy. How should MSP set the price to just break even? Is the outcome efficient? Briefly explain.

4. The monthly market demand function for taxi service in Vancouver is given by Qd = 7,000 – 500P, and the market supply function is Qs = 500P – 1,000, where the quantity is in terms of trips and the price is average fare per trip. Please show all steps of your calculation for following questions:
a) Calculate the equilibrium market price and quantity.
b) All drivers form a taxi driver association to lobby the city government. At their request Vancouver government implements a license system such that the maximum taxi service is restricted to 2,000 trips. Calculate the wealth transfer and deadweight loss caused by this policy.
c) Suppose the monthly interest rate is 1%. What is the value of all taxi licenses?
d) Who benefits from this lobbying? Who loses?

5. The market demand for a vaccine is given by P = 36−Q and the supply conditions
are P = 20. There is a positive externality associated with being vaccinated, and the real
societal value is known and given by P = 36−(1/2)Q. Calculate and draw a graph to answer the following questions:
(a) What is the market solution to this supply and demand problem?
(b) What is the socially optimal number of vaccinations?
(c) If we decide to give the supplier a given dollar amount per vaccination supplied in order to reduce price and therefore increase the number of vaccinations to the social optimum, what would be the dollar value of that per-unit subsidy?
(d) suppose that we give buyers the subsidy instead of giving it to the suppliers. By how much would the demand curve have to shift upward in order that the socially optimal quantity is realized?

6. There are two firms that emit pollutant SO2. Currently each emits 150 tons of SO2 per month. The local government wants the total pollution to be reduced to 200 tons per month. Assume the pollution abatement technology of the two firms can be represented by MC functions: MCA = 30 + 2QA, MCB = 50 + 4QB (MC is in terms of dollars and Q in terms of tons of SO2 abated).
Suppose the government knows the pollution abatement technology of the two firms, and an emission standard policy is in order. To minimize the total cost of pollution abatement, how should the government set the quantity of SO2 that Firm A is allowed to emit? How many tons should the government allow Firm B to emit? Draw a graph to illustrate your calculation answers.

ECON 440 University of London Public Sector Economics Taxation Discussion

I’m trying to study for my Economics course and I need some help to understand this question.

– Briefly summarize multiple topics from this week’s lecture

– Focus your summary on one topic from that week’s lecture but discuss it in more depth

– Relate the lecture material from that week to real world tax policy debate

1-2 pages (2 pages maximum) summarizing a topic related to the course material covered that week. You are free to choose any topic related to the course material for the week. You can follow one of the following two strategies. One strategy involves summarizing multiple topics from the course material without going into depth on any one topic (because of the strict page limit). A second strategy involves focusing on one topic from the week in question and going into more depth. Both are strategies acceptable. Importantly, your summary should be *in your own words* and not copy/paste/repeat phrases or equations from the course lecture slides. Students that violate the university’s academic integrity policies (e.g. plagiarism) will automatically receive a grade of 0 and will be referred to the Faculty of Social Sciences. Assignments will be checked using Turnitin.com in order to detect plagiarism.

You will be graded both on what you write (i.e. content) and on the writing itself (i.e. spelling, grammar, organization and style). Assignments must go above and beyond by providing insights/analysis that go beyond what is discussed in the lecture videos and the tutorials or that link the course material to real-world policy debates.

University of Phoenix Economic Concentration Evaluation Paper

I don’t know how to handle this Economics question and need guidance.

Select 1 of the economic concentrations (clusters) below:

  • Seattle-Tacoma-Olympia, WA aerospace / defense industry
  • Central California winemaking industry
  • Hollywood movie industry
  • Silicon Valley Technology hub
  • Texas / Louisiana Gulf Coast crude oil and natural gas production and refining
  • Pre-1994 vs Post-1994 US auto and light truck production and the reasons for the change in economic concentration

Write a 700- to 1,050-word paper evaluating economists’ assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved. Complete the following in your paper:

  • Analyze how the economic concentration in the area you chose was influenced by competition and pricing.
  • Analyze how the economic concentration in the area you chose influenced the supply chain.
  • Analyze which of the 4 factors of production were the most and least important in determining the economic concentration of the area you chose.
  • Predict changes you anticipate for the area of economic concentration you chose. Support your predictions.

Consider the resources provided and other academically appropriate sources.The use of charts and tables to illustrate data is highly encouraged.

Cite at least 2 academically credible sources.

Format your assignment according to APA guidelines.

Insights for Regulating Pollution on the Environment Essay

I’m trying to study for my Economics course and I need some help to understand this question.

Please write a 1200 word essay that addresses the following concept. You will want to include graphs, diagrams and figures to help illustrate key concepts.

Please be sure to use other sources of information as needed. It is very important that you properly reference your sources of information. “Cite your sources” cannot be overemphasized. Always give credit where credit is due!

a) Strategic insights for regulating emitters of pollution. Be sure to consider households and individuals as well as firms as emitters. Examples can be very helpful.

NSUL Government Services and Collections Discussion

Need help with my Economics question – I’m studying for my class.

  • Explain the differences in the different forms of local governments.
  • What factors and issues should be considered when deciding to consolidate services.
  • Distinguish and contrast a charter from of government from a home rule government. Explain the advantages and disadvantages of each.
  • In what ways are local governments influenced in their functions by external factors? What are the factors and how must local government respond?
  • Explain how professionalism in finance can benefit the citizens and the ability for a government to effectively function.
  • What are the limits of a local government, and how are they established and enforced? What would be the consequences should a local government exceed its authority?
  • Explain why equal treatment of stakeholders is not essential and why this is appropriate. What criteria should be used to determine which stakeholders are given preferential treatment, and which stakeholders are justifiably slighted?
  • Explain and distinguish the difference between the function of finance and financial management.
  • Explain the nature of ethical conflicts between unions and management in labor negotiations. While the text focuses on the role of the CFO, using cited external sources, explain the roles of legal counsel and human resource managers in labor management negotiations.
  • Describe a comprehensive decision making process for a local government leader, in regard the ethical, practical and political challenges the leader faces. What dangers exist if the interests of community, citizens, law and community needs are not met? How these challenges differ today from the past?
  • Discuss the sources of local governments for revenue generation. What are the benefits and potential shortfalls of each method? What are the interventions should there be a shortfall in projections and collections? How is the collection of revenue a reflection of the structure of the local government?
  • Discuss the role of technology in local government operations, revenue collection, and spending. How will changes in technology impact government efforts to identify and implement revenue streams in the future?

Dalhousie University Economics Questions

I’m studying and need help with a Economics question to help me learn.

1. Explain for what situation an increase in the price of a input, will not increase the price of the firms cost curve.

2. A firms total cost curve is TCQ=10Q−5Q2+Q3, and its marginal cost curve is MCQ=10−10Q+3Q2. Over what range of output does the production function exhibit economies of scale, and ober what range does it exhibit diseconomies of scale?

3. A firm has the production function Q=min{2L,K}, find the cost function in the long run if wage is $2 and capital rental is $3.

4. A firm has the production function Q=L+2K, and that wage is $2 and capital rental is $3. and that capital is fixed at .

  1. find the cost function in the short run
  2. Find the average cost function in the short run

ECO 201 Southern New Hampshire University Netflix Inc Research Paper

Help me study for my Economics class. I’m stuck and don’t understand.

The purpose of this milestone is for students to explore the various costs their firm faces and to describe their firm’s market. Using the concepts and tools developed in Modules Four and Five, students will analyze the fixed and variable costs of their firm, how those costs have changed over time, and how those changes have impacted their firm’s overall health and sustainability. In analyzing their firm’s market, students will detail the extent of their firm’s market power and their firm’s ability to influence the market. Students will also describe major trends in the market, specifically concerning new products, technologies, and new entrants. Students can further determine the future health of their firm to inform their final recommendations by examining their firm’s place within the market.

Prompt: Submit a draft of the Costs of Production (Section IV), Overall Market (Section V), and Recommendation (Section VI) of your research paper, including all critical elements listed below. You will review your firm’s financial reports and other relevant data sources to collect and analyze cost information for your firm over the past five or so years. Using real data and the economic tools developed in Module Four, you will analyze your firm’s profitability and how costs impact its growth. Additionally, you will find data on your firm’s competitors in order to detail your firm’s place within the market currently and over the past five or so years. Lastly, you will develop a recommendation for how the firm can manage its future production.

Specifically the following critical elements must be addressed:

IV. Examine the costs of production for your firm.

a) Analyze the various costs a firm faces, their trends over time, and how they have impacted your firm’s profitability.

b) Apply the concepts of variable and fixed costs to your firm for informing its output decisions. For instance, analyze how different kinds of costs (labor, research and development, raw materials) affect the firm’s level of output.

V. Explore the overall market for your firm.

a) Discuss the market share of the firm and its top competitors by providing details on current percentages for each firm and describing the trend over time. You might consider presenting the data graphically.

b) Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on your firm’s future in the market.

c) Describe the market structure for this firm and analyze how this affects the firm’s ability to influence the market.

VI. Recommendation

a) Develop a recommendation for how the firm can manage its future production by synthesizing the data presented.

b) Suggest how the firm’s position within the market and among its competitors will allow it to take your recommended action.

c) Describe how the firm can sustain its success going forward by evaluating the findings from demand trends and price elasticity

ECON 365 Rutgers Newark Deadliest Enemy Our War Against Killer Germs Book Analysis

  • Michael T. Osterholm and Mark Olsher, Deadliest Enemy: Our War against Killer Germs (Little, Brown, 2017, with a recent update on covid-19)

Think about these issues as you read and write: How do the observations and lessons from the other books we’ve read inform your interpretation of Osterholm and Olsher’s information? How does your experience with covid-19 fit into this book’s arguments? How do you think the world’s current experience with a global pandemic is likely to change the landscape of international political economy?

Your paper should go beyond merely summarizing the books you’ve read. Instead, they should analyze the books. Writing an analytic paper means addressing some of the following points:

1. What is the main argument or arguments the author is making? Do you agree? Disagree? Why?

2. Are there any important points about the subject area that you think the author has omitted or under-emphasized? Over-emphasized? Why?

3. What are the key assumptions the author had to make in order to make the arguments in this book? If those assumptions were different, how would the author’s argument have to be different?

4. How do the arguments in the book you’re reading compare and contrast with the other readings we’ve done so far?

5. How does the information presented by the author relate to recent important world events? Does the author’s work seem still to be relevant today? Or is the world changing so quickly that even recently-published books on international issues soon grow out of date?

6. What recommendations might you have for United States policy makers — the President, the Departments of Defense, State, Commerce, etc., the Congress, or others — to cope with the issues presented in the author’s work?

7. How might you, as a concerned and informed citizen, take steps to cope with the issues presented in the author’s work?

You may answer any or all of these questions in your paper, or you may write a paper that deals with the assigned book from a completely different perspective. I am quite flexible in that there is no standard format for these papers. I simply want your thoughtful, reasoned, analytic reaction to the ideas presented in each assigned reading.

Purdue University Data Logit Model Paper

I’m trying to study for my Economics course and I need some help to understand this question.

Consider the following panel data logit model

Y =1{X′β+a−u >0} it it i it

for i = 1,2,··· ,N and t = 1,2. uit is i.i.d over (i,t) with a logistic distribution. The regressors X are strictly exogenous with respect to the transitory shock uit. However, the individual effects ai can be correlated with the regressors. Define Yi ≡ {Yi1,Yi2},Xi ≡ {Xi1, Xi2} and Si ≡ Yi1 + Yi2.

a. Obtain the closed-form CCP of Yit given both Xit and ai for each t = 1, 2.

b. Obtain the closed-form CCP of Yi given Xi, ai and Si for Si = 0 and Si = 2. Show this does not depend on ai.

c. Obtain the closed-form CCP of Yi given Xi, ai and Si for Si = 1. Show this does not depend on ai.

d. Can you construct a maximum-likelihood estimator using the CCP for which Si = 0 and Si = 2? How about using the CCP for which Si = 1?

Saudi Electronic University Opportunity Cost and Comparative Advantage Paper

I don’t know how to handle this Economics question and need guidance.

-Follow academic writing standards and APA style guidelines

-Support your submission with course material concepts, principles, and theories from the textbook, along with at least two scholarly, peer-reviewed journal articles.

A mark of zero is awarded for any submission that includes copying from other resources without proper referencing it.

Write at least 4-5 pages in length, excluding the title page, abstract and required reference page, which is never a part of the minimum content requirements.

Q1. CAF Inc. is producing two goods: cars and milk. The following table gives several points on its production possibility frontier.

Cars (1000’s/year)Milk (1000’s of gallons/ year)
060
150
230
30

a. Graph this on production possibility frontier.

b. Why is the production possibility frontier downward sloping? Be sure to explain economic intuition behind that fact.

c. Suppose the firm is currently producing 2000 cars and 30,000 gallons of milk. What is the opportunity cost of producing additional 20,000 gallons of milk?

d. Give an example of opportunity cost principle from everyday experiences of economic activities

Q2. A team consisting of three people working on a big project, which involves manual entry of data in a computer, with subsequent processing of these data and making a poster presentation. Naturally, each member of the team has different abilities in performing either task. Amna can make one poster or 400 data entries in a day. Hard-working Zeba can make two posters or 1200 data entries in a day. Artistic Ibraheem can make three posters or 900 entries in a day.
a. Initially, the entire team (each of them having their own personal computer) starts with entering data. How many entries will be made in a day?

b. As the time comes to start making posters, you decide to assign one member of the team to this task. Whom would you choose? Explain why?

c. As you make this decision, what is the opportunity cost of each poster made?

d. As there is less and fewer data remaining to be entered, another person can shift to making posters as well. Which of the remaining two members of the team will you choose this time? Explain your choice. As a result, what is the opportunity cost of each additional poster you will get?

Q3. Is economics a science? Why, or why not? As part of your response and explanation, include the definitions of “science” and “economics” as you understand them.

The University of Alabama Barriers to Entry and Consideration to Expansion Paper

I’m stuck on a Economics question and need an explanation.


Instructions:
Please answer the following question in essay format. Please start by copying and pasting the question at the top of your answer:There is no word limit. I need you to write enough for me to understand that you have mastered the subject matter. What you consider adequate in this regard is up to your discretion. It is open book and you must create and write your own answer, make citations where you are quoting other’s work. Please write to me in at the same standard as if you were writing to the President or Board of Directors of your company. Please make sure that you have addressed at least 10 separate points for each question asked. Please do not provide me a mere list of points. Your answers need to be substantiated and arguments supported. Please answer in complete sentences.Your answers should include, but by no means be limited to, discussion regarding the following: geopolitical factors; (ie. identify predominant political systems; identify relevant political events that could impact selection such as corruption; provide examples of locations, natural or infrastructure created resources etc.; identify relationships in the global community); socioeconomic factors (ie. identify salient cultural, religious, language issues and identifiers; identify key economic indicators; identify key health, workforce, and social indicators; identify logistical issues; identify key economic development issues such as IT infrastructure or other necessary infrastructure for your business. Provide analysis of the above in your answers.Exam 1: Deciding to embark on expansion into international markets is a big, important, and potentially both risky and lucrative opportunity for a USA based business. What are the major barriers to entry and considerations in making such a decision? Discuss and justify your decisions.
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ITCCI Market Focus the Basic Structure Healthcare in The United States Discussion

I don’t understand this Economics question and need help to study.

One of the most critical and hotly debated industries in the United States is healthcare. For this paper, you will examine the state of health care in the United States. As a starting point, you should read chapter 24 of the text and then after conducting your own research (3 additional sources minimum) write a 2-3 page paper that examines the following aspects of health care in the United States:

1. How much is spent on health care in the United States annually?

2. What is the basic structure of our system and how does it compare to other industrialized nations in terms of outcomes (be certain to identify what parameters you are using as a metric) and costs?

3. What are some unique challenges that health care presents from a consumer standpoint?

4. What have been some interventions by the government to make healthcare more accessible and affordable to the public and what have been the outcomes?

5. Do you think that the Singapore model could be replicated here? Why or why not?

Factors of Production Innovation and Physical Capital Discussion

I’m working on a Economics question and need guidance to help me study.

Respond to the following in a minimum of 400 words and 3 references. There is no need for a cover page or a reference page. Put the references immediately after the essay.

  • Innovation and physical capital are 2 of the 4 factors of production. Discuss some specific ways that 1 of the following laws increased the productivity of 1 or both of these factors of production:
  • 1862 Pacific Railway Act
  • 1956 Federal Aid Highway Act
  • 1946 Federal Airport Act
  • What other examples of economic concentration can you share?
  • What are the risks and advantages to economic concentration?
  • How has economic concentration influenced your industry?

Health Economics Questions Paper

I’m studying for my Economics class and don’t understand how to answer this. Can you help me study?

i need help on this assignment, 5 questions totally, please check attachment

questions :1. Suppose that no amount of other goods can compensate for a loss in health. How would the individual’s indifference curves look? Is this a reasonable assumption in terms of what we actually see taking place?

2. Suppose that John could work 365 days per year and could earn $200 per day for each day he worked. Draw his budget line with respect to his labor–leisure choice.

3.Suppose that John chooses to work 200 days per year. Draw the appropriate indifference curve, and note his equilibrium wage income and labor–leisure choices.

4.Consider the following information on Alfred’s demand for visits per year to his health clinic, if his health insurance does not cover (100 percent coinsurance) clinic visits.

(a) Alfred has been paying $30 per visit. How many visits does he make per year? Draw his demand curve.

(b) What happens to his demand curve if the insurance company institutes a 40 percent coinsurance feature (Alfred pays 40 percent of the price of each visit)? What is his new equilibrium

quantity?

5. If the price elasticity of demand is -0.5 and the income elasticity is +0.3, then what will be the effect of a simultaneous 10 percent increase in price and a 10 percent increase in income on health expenditures?

Los Angeles City College GDP and Economic Growth Discussion

Help me study for my Economics class. I’m stuck and don’t understand.

Respond to the following prompts in a post with a minimum of 150 words

  • Gross Domestic Product was designed as a measure of economic activity, specifically a measure of national production. Despite this intent, GDP is widely interpreted as a measure of economic welfare or standard of living (when measured in per capita terms). What are the shortcomings of using GDP as a measure of economic welfare? What would you like to add to (or subtract from) GDP to make it a better reflection of how well people are doing in a nation?

Alabama State University Application of Myers Briggs Type Indicator Questions

I’m stuck on a Economics question and need an explanation.

Instructions:

  • Indicate in the subject of your post which option (Option A or Option B) to which you are responding. Responding to one of the options is required for discussion credit. Only respond to one of the options. You are then welcome and encouraged respond to others’ posts for the same or other option. Please use the numbering scheme provided in your responses to clearly indicate to which question you are responding.
  • Answer each question and question component thoroughly and using complete sentences and proper grammar to receive full credit. Refer to the syllabus for further detail.
  • All information needed to respond comes from your text book readings and, in some circumstances, information provided in the Discussion assignment. Unless otherwise noted, do not consult outside resources to shape your answers. Answer questions using only the material you read in the chapter and your personal knowledge/experience/opinions. I want to know your thoughts and ideas. Evidence of the use of outside sources in your original post will result in a zero on the assignment. If, after posting your discussion, you would like to investigate a topic further using an outside source and share that information (with appropriate citations and references provided using APA formatting) as a reply post, that is also welcome and encouraged.
  • An explanation of how discussions are graded is provided at the bottom of this page.

Option A:

Reflect on the Myers-Briggs Type Indicator (MBTI) and the four sets of paired opposites assessed by the MBTI (e.g., extraversion versus introversion, sensing versus intuition, thinking versus feeling, and judging versus perceiving). Respond to the following:

  1. Think about the activities you engage in and your responsibilities in your role as a student.
    • (a) What aspects (activities, responsibilities, etc.) of your role as a student would play to the strengths of an extravert? [providing aspects/examples is required for credit on this question (#1a)] Explain how/why. [worth up to 15 points]
    • (b) What aspects (activities, responsibilities, etc.) of your role as a student would play to the strengths of an introvert? [providing aspects/examples is required for credit on this question (#1b)] Explain how/why. [worth up to 15 points]
  2. Imagine you are trying to pitch a new business idea to your boss.
    • (a) How might you best communicate a new business idea to your boss if he or she has a sensing preference? [answer/plan required for credit on this question (#2a)] Explain. [worth up to 15 points]
    • (b) How might you best communicate a new business idea to your boss if he or she has an intuitive preference? [answer/plan required for credit on this question (#2b)] Explain. [worth up to 15 points]
  3. Think about planning a vacation.
    • (a) How might a person with a judging preference prefer to plan the vacation? [answer required for credit on this question (#3a)] Explain. [worth up to 15 points]
    • (b) How might a person with a perceiving preference prefer to plan the vacation? [answer/plan required for credit on this question (#3b)] Explain. [worth up to 15 points]
  4. What is an overarching take-away/implication from understanding these paired opposites in terms of how we understand ourselves and interact with others? [take-away/implication required for credit on this question (#4)] Discuss. [worth up to 10 points]

Option B:

Reflect on the idea of person-environment (P-E) fit, and respond to the below questions.

  1. What methods do you think would be helpful for a company to use to assess person-job fit (P-J) before hiring employees? [methods required for credit on this question (#1)] Explain why. [worth up to 25 points]
  2. What methods do you think would be helpful for a company to use to assess person-organization fit (P-O) before hiring employees? [methods required for credit on this question (#2)] Explain why. [worth up to 25 points]
  3. What can organizations do to increase P-J fit after they hire employees? [actions/suggestions required for credit on this question (#3)] Explain. [worth up to 25 points]
  4. What can organizations do to increase P-O fit after they hire employees? [actions/suggestions required for credit on this question (#4)] Explain. [worth up to 25 points]

EDU 330 GCU Cultural Competence Continuum Rationale Essay

I need support with this Economics question so I can learn better.

Cultural Competence Continuum Rationale

In 500-750 words, write an essay that addresses the following:

  1. Discuss your own placement on the cultural competence continuum in relation to the controversial issue you chose to write about in this course.
  2. Reflect on what factors throughout your life resulted in your place on the continuum.
  3. Reflect on where you would like to be on the continuum to be an effective educator who respects individuals with differing personal and family backgrounds, and who has various skills, abilities, perspectives, talents and interests, including any steps you could take to help you get to that point.
  4. Conclude by describing the effect the controversial issue you have chosen may have on you as a future teacher, and on your future students. Offer potential solutions for the issues you identified that you could implement in your future classroom.

RC Challenges MNCs Face with International Capital Budgeting Analytical Review

I need an explanation for this Economics question to help me study.

Capital budgeting analysis is important for both domestic firms and MNCs. The goal is the same: to maximize shareholder wealth. Capital investments with positive NPV contribute to shareholder wealth. Additionally, capital investments generally represent large expenditures relative to the value of the entire firm. These investments determine how efficiently and expensively the firm will produce its product. Consequently, capital expenditures determine the long-run competitive position of the firm in the product marketplace. In this assignment, you will research capital budgeting in the international setting.

Part 1

In Part 1, explore the challenges MNCs face with international capital budgeting. Research the following and compose an essay:

  • What is the difference between performing the capital budgeting analysis from the parent firm’s perspective as opposed to from the subsidiary’s perspective?
  • Explain real options and why and how the MNCs utilize them.
  • What are the conditions under which the capital expenditure of a foreign subsidiary may have a positive NPV impact based on local currency but be unprofitable from the parent MNC’s perspective? What should the parent MNC do in such instances?

Part 2

In Part 2, answer the questions in the following case study.

Ford plans to construct a manufacturing plant in China. The construction costs 9 billion Chinese Yuan. Ford expects to leave the plant running for three years. During the three years of operation, Yuan cash flows (CF) are expected to be 3 billion Yuan, 3 billion Yuan, and 2 billion you, respectively. Operating cash flows will begin one year from today and are remitted back to the parent at the end of each year. At the end of the third year, Ford expects to sell the plant for 5 billion Yuan. Ford has a required rate of return of 17.7 percent. It currently takes 6.27 Yuan to buy one U.S. dollar, and Yuan is expected to depreciate by 5 percent per year.

FIN3396 Module%2005 Course%20Project
  1. Find the NPV for the project (show your calculations in your answer). Should Ford build the plant? Explain.
  2. How would your answer change if the value of the Yuan was expected to remain unchanged from its current value of 6.27 per U.S. dollar over the course of the three years? Should Ford construct the plant then?

Your submission should be at least four pages total for both parts, plus a reference page for Part 1 in Microsoft Word, APA formatted, and with correct grammar.

University of Phoenix Countercyclical Monetary Policy Discussion

Help me study for my Economics class. I’m stuck and don’t understand.

Due Thursday

Respond to the following in a minimum of 175 words:

  • Discuss how changes in the Federal Reserve’s monetary policy affect at least 1 of the 4 components of GDP (consumption, investment, government spending, net exports).
  • Have the Federal Reserve’s countercyclical monetary policies been effective in moderating business cycle swings? Justify your response.

SMU Labor Economics Theoretical Models of Labor Market Discrimination Discussion

I don’t know how to handle this Economics question and need guidance.

Congratulations! You have just been appointed to a commission studying wage discrimination against women. Again, you have been pushed from the frying pan into the fire, as this is a sensitive topic. It is your role to give the background report to the commission, who will subsequently make some recommendations for anti-discrimination policy.

1) There are several theoretical models of labour market discrimination that seek to explain why men and women with equal productivity levels may not be paid the same. Briefly describe in intuitive terms the demand-side approach, the supply-side approach (the crowding hypothesis), and the non-competitive approach involving barriers to mobility.

2) It is true that, on average, women spend less time in the labour market gaining experience, on-the-job training, and other forms of human capital than men do, which is often tied to childbearing responsibilities. Some apologists claim that lower pay for women might be justified, as employers have less of an incentive to invest in workers with higher turnover. On the other hand, this line of reasoning has been countered by some analysts. What is the nature of the critique of those who disagree with the apologists? (An apologist would say that the pay differentials are justifiable based on productivity and that there is no direct discrimination against women.)

3) Empirical research on male-female earnings differentials is required to assess the validity of the models. The extent of the wage discrimination is typically measured by the so-called Oaxaca decomposition effect. Without getting into the technical details of this equation, explain the general idea of the procedure. You should describe the major elements. No graph is necessary.

SMU Labor Economics Theoretical Models of Labor Market Discrimination Discussion

I don’t know how to handle this Economics question and need guidance.

Congratulations! You have just been appointed to a commission studying wage discrimination against women. Again, you have been pushed from the frying pan into the fire, as this is a sensitive topic. It is your role to give the background report to the commission, who will subsequently make some recommendations for anti-discrimination policy.

1) There are several theoretical models of labour market discrimination that seek to explain why men and women with equal productivity levels may not be paid the same. Briefly describe in intuitive terms the demand-side approach, the supply-side approach (the crowding hypothesis), and the non-competitive approach involving barriers to mobility.

2) It is true that, on average, women spend less time in the labour market gaining experience, on-the-job training, and other forms of human capital than men do, which is often tied to childbearing responsibilities. Some apologists claim that lower pay for women might be justified, as employers have less of an incentive to invest in workers with higher turnover. On the other hand, this line of reasoning has been countered by some analysts. What is the nature of the critique of those who disagree with the apologists? (An apologist would say that the pay differentials are justifiable based on productivity and that there is no direct discrimination against women.)

3) Empirical research on male-female earnings differentials is required to assess the validity of the models. The extent of the wage discrimination is typically measured by the so-called Oaxaca decomposition effect. Without getting into the technical details of this equation, explain the general idea of the procedure. You should describe the major elements. No graph is necessary.

Temple University Basic Economic Course Paper

I’m studying and need help with a Economics question to help me learn.

1. (0, 5 or 10) The following are the demand and supply schedules for bushels of peaches for one week.

Quantity Quantity

Price Supplied Demanded

$6 2,000 1,200

5 1,800 1,400

4 1,600 1,600

3 1,400 1,800

2 1,200 2,000

a. What is the equilibrium price, and what is the equilibrium quantity?

b. If price were temporarily $5, would there be a surplus or a shortage, and how much would that surplus or shortage be?

c. If price were temporarily $2, would there be a surplus or a shortage, and how much would that surplus or shortage be?

2. (0, 5 or 10) Consider the production possibilities curve below. Which point on the graph shows:

Graph see the attached file.

a. unemployment of resources: ___.

b. a level of output unachievable in the current time period, but possible with economic growth: ___

c. a level of output showing increased capital goods and fewer consumer goods (in comparison with Point C): ___.

3. (0, 5 or 10) The following is a production possibilities schedule for prisons and public education.

Alternative Prisons Public Education

A 160 0

B 120 20

C 80 40

D 40 60

E 0 80

Graph the production possibilities curve (You do not have to submit the graph). Then answer the following questions:

a. What is the opportunity cost of the first 20 units of public education?

b. What is the opportunity cost of the last 20 units (from 60 to 80) of education?

c. Why cannot the economy produce 60 units of education and 80 units of prisons?

4. (0, 5, or 10)

a) Who benefits from rent ceilings?

b) Who suffers as a result of rent ceilings?

c) What are the long-term effects of rent ceilings?

5. (0, 5, or 10)

a) How can landlords cheat on rent ceilings?

b) How can tenants cheat on rent ceilings?

c) Do you think the rent ceilings might lead to more discrimination against certain groups?

6. (0, 5, or 10) Suppose the minimum wage were raised to $15 an hour. Compare the impact that would have on casual restaurants where you go for an inexpensive lunch or dinner as opposed to the impact on upscale (or expensive) restaurants. Why would you expect the impacts to be different?

7. (0 or 5) On the issues of minimum wage and rent control, do you consider yourself an economic liberal (support government involvement) or an economic conservative (the government should not be involved)? Where would you place yourself on this scale (pick a number from 1 to 11)?

Economics a Science & Supply and Demand Questions Discussion

I need help with a Economics question. All explanations and answers will be used to help me learn.

discussion 1 Is economics a science?

Is economics a science? Why, or why not? As part of your response and explanation, include the definitions of “science” and “economics” as you understand them.

minimum of 300 words no maximum

discussion 2 supply and demand

  • Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain. No need to include graph in your post.
  • minimum of 300 words no maximum
  • Next, find a relatively recent news article (within the past year) to support your finding (the news search feature in Google is helpful with this). If you cannot find an article specific to your example, you may find an article about another similar good or service. Summarize the article and its findings, then include the URL in your discussion post.

Westcliff University Process of the Entrepreneurship for a Business Plan Discussion

I don’t know how to handle this Economics question and need guidance.

Question 1

Please express your understanding of Entrepreneurship by providing the answers to the following questions:

  • Describe the process of moving from an idea to a business plan.
  • Discuss the components of a sound business model.
  • Identify and discuss the features of three types of startup firms.

Question 2

Please provide your understanding of Establishing a New Venture by answering the following questions:

  • Describe the major differences between a partnership and a corporation
  • Discuss the differences between a subchapter S corporation and a regular corporation?
  • Explain what a trade secret is and how it differs from a patent.

Monetary Economics Financial Stability & the Role of The Central Bank Discussion

I’m studying for my Economics class and don’t understand how to answer this. Can you help me study?

Attempt both questions. Both questions carry equal marks.

Question – 1

Explain the structure and role of central bank in the financial stability of the country.

Also give your opinion, whether central bank should be independent or not?

Question – 2

Explain international reserves. Why countries trade their securities internationally

and also comment why and how China accumulated over $3 trillion of international

reserves?

University of West Florida Monopolistic Competition Paper

I don’t understand this Economics question and need help to study.

1. The figure below displays the demand and cost curves facing a monopolist.

Demand curve.jpg

a) What is the profit-maximizing/loss minimizing output level?

b) calculate the amount of profit/loss for the firm

c) Suppose that, at the profit-maximizing/loss-minimizing output level, the average variable costs are $70. Will this change your answer from part a? Provide a 1-2 sentence explanation.

d) Suppose that the firm is currently producing 850 units and is contemplating whether or not they should increase production to 900 units. Will total revenue increase, decrease, or stay the same. Provide a 1-2 sentence explanation.

2. John Beckwith and Jeremy Grey are venture capitalists that have invested in a company, Holy Shirts and Pants. You are tasked with completing the table and determining the profit-maximizing level of output for the firm.

Quantity SoldPriceTotal RevenueMarginal RevenueTotalCostMarginal CostProfit
0$10—–$200—–
1009800
20081300
30071700
40062000
50052200
60042600

3. Suppose you are in the market for a used treadmill and find a Nordic Track Commercial 2150 on sale for $1000. If you knew the motor was in good condition, you would be willing to pay $1,400. Meanwhile, if you knew the motor was only in fair condition, you would only be willing to pay $400 for the treadmill. Explain the circumstances under which you would be willing to purchase the treadmill for $900.

4. Please supply an example of a health-related firm that operates in a monopolistically competitive market. Then, provide a 4-5 sentence explanation in support of your choice.