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Explain your findings of the demand and supply microeconomics concept of Apple Inc. and the implications to their sustainability. Also, explain how it would be applied to the firm where you work or the type of firm you hope to work for in the future. What does this imply about this firm's future?
Historical data suggests that in the athletic shoe industry, the price elasticity for shoes is approximately -0.67. Explain what price elasticity is, and how to interpret the stated elasticity for athletic shoes of -0.67. Using the price of $100 and ..
What is the law of comparative advantage? How do you use it to support free trade in the world? What international institutions were created and how have they worked to liberalize international trade?
q.read through the budget speech presented by the minister of finance on 22 february 2012. explain in detail whether
Suppose that you want to maximize the value of the function f(x) = x^3-6x^2+9x, subject to 0 less than or equal x less than or equal 5. Which value(s) of x satisfy the first-order condition for this maximization problem? What is the maximized value o..
Explain Ricardo's theory of rent and Malthus' theory of population. Why did their contemporaries call them the "dismal scientists?" Why were their predictions not correct in their time? Explain
Discuss how changes in household disposable income, housing and stock wealth, and debt-generated movements along and shifts in the U.S. saving function. Explain these effects, assuming other things were equal.
Firm K is a leading maker of water-proof outerwear. During the winter months, demand for its main line of water-proof coats is given by: P = 800 - .15Q, where P denotes price in dollars and Q is quantity of units sold per month. Find the firm’s profi..
A local market for new wood pallets has daily demand described by P=178-0.2Q and supply described by P=85+0.1Q. Calculate the equilibrium quantity. Suppose a market has a supply described by P=3.0+0.1Q and a demand described by P=6.0-0.2Q. Calculate ..
Your niece just started her college career with a major in economics. She is curious as to the interrelationship between the success of an economy and the financial markets, concepts, and financial institutions. What are the financial markets and wha..
After reading about the Solow growth model, which concludes that continued economic growth requires continual innovation, and Schumpeter’s dynamic growth model, does the combination of these two models provide an adequate model of technological chang..
How does a government spending and tax policy act as automatic stabilizers for the macro economy? Given the logic of the automatic stabilizers, why should we be concerned about deficit cutting efforts during a recession? What types of lags in fiscal ..
The utility function of a consumer is given by U = log(b) + log(c) where b and c are the consumption levels of barley and corn. Assume that the price for both goods is $1 and that the consumer has an income of $100. Calculate the optimal quantities o..
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