Exchange Rate Determination in the Long Run – Data Evidence of the Theory of Purchasing Power Parity Nowadays, most countries are involved in international trade, which requires them to convert their currencies into other countries’ currencies to make investments, and/or export or import goods. An essential task of economists in any country is the exchange […]
Category Archives: Economics
Which of your two selected countries has the highest rate of inflation based on the CPI?
Exchange rates between two currencies using exchange rate data Task One Calculate the rate of growth of the exchange rates between two currencies using exchange rate data on your selected countries. Before doing so,answer the following question. What is the rate of growth and which formula is used to calculate it? Display the rates of […]
Compare and contrast among the 3 basic types of unemployment discussed in that chapter in relation to output and real GDP.
Unemployment discussion React to the following prompt: After you have read chap 15 on ‘Unemployment’ in the textbook, try to compare and contrast among the 3 basic types of unemployment discussed in that chapter in relation to output and real GDP. More specifically, explain which type of unemployment has created most joblessness in the U.S […]
What was the price elasticity of demand at the point on the curve where Dixie was selling?
On Friday, Dixie set up a lemonade stand and determined that if she reduced the price for a glass of lemonade by 4%, she sold 12% more glasses of lemonade. Answer the following questions: (a) What was the price elasticity of demand for lemonade on Friday? (b) Should Dixie raise or lower her price to […]
How would the curves shift and how would equilibrium price and quantity change?
Instructions: The assignments should be typed in Word. Diagrams and graphs, however, may be drawn with a pen and a ruler, drawn using Word/Excel, and scanned/pasted/attached to your submission. Problem 1 The demand and supply functions for hockey sticks are represented by the following equations, where Qd is the number of crates of sticks demanded, […]
What is the multiple regression equation show all estimated coefficients in the equation?
Question 4. The local utility company hypothesizes that fuel consumption (natural gas) in their town would be affected by temperature and chill index. The following data was collected for 10 weeks during the winter. Week Fuel Consumption Y(MMcf) Average Temp X1 (0F) Chill Index X2 1 160 30.0 18 2 130 28.0 15 3 135 […]
Explain why a firm should shut down immediately when it can no longer cover their variable.
Indicate if the following questions are True or False. Explain “Why” your answer is True or False. Firms exist to produce and sell as much as possible. Why? Employing economic cost/profit instead of accounting cost/profit when making business decisions tends to generate more efficient or superior economic results. Why? For a monopoly, the marginal revenue […]
Write in your own words what you have understood from the article(s) and how this relates to what you have learned in the Econ class.
Choose any topic discussed in the managerial economics class and write a 5 page essay with the following specifications. The paper should consist of the following: (a) A discussion on your selected topic covering the main points. (b) At least one news article related to the chosen topic, showing the application of the concept in […]
How do these numbers compare to the numbers chosen by a benevolent central planner who chooses G and c1, c2, c3 so as to maximize the sum of utilities?
Question 1. This question asks whether voting can play a role in solving free-riding problems in public good provision, and if so why. Imagine a small economy composed of three individuals, 1, 2, and 3. Each of them has utility function: Ui = ln(ci) + i 2 ln(G) where i ∈ {1, 2, 3}, ci […]
Calculate and provide an economic interpretation of the shadow price associated with calcium.
Linear Programming HW Answer the following questions on Linear Programming . A manager has formulated the following LP problem. Draw the graph and find the optimal solution. Maximize: 10x+15y, subject to 2x+5y ≤ 40 and 6x+3y ≤ 48. An athlete carefully watches her intake of calcium, protein, and calories. Her breakfast diet consists mainly of […]
