Question Suppose the market for natural gas can be described by: Demand: Q^D = 100 – 5P Supply: Q^S = 20 + 15P Where P is the price ($) of natural gas per million BTU, QD is quantity demanded and QS is quantity supplied of million BTUs of natural gas per day. A. What is the equilibrium price P* and equilibrium quantity Q*? B. Suppose the government imposes a price ceiling Pc of $2 per million BTUs. Determine the Total shortage associated with this price ceiling. C. Calculate the non-pecuniary price. D. Determine the full economic price? (show work) E. How much is the social welfare loss?

Question Suppose your weekly mother's income is $600 per week. She likes to buy books from Barnes and Nobles, and clothes from Wal-Mart for Valentines day. Suppose the average book price is $30 and that of clothes is $20. On Valentine's Day, you have given her two gift certificates: a $20 certificate from Wal-Mart to buy clothes and a $30 gift certificate to buy books from Barnes and Nobles. Place books on the Horizontal axis. A. write down the budget constraint equation. Draw your mother's budget constraint using the given data and assuming she receives NO certificates.label all points on the axes. B. Draw the budget constraint when you give her the TWO Gift certificates. Label all the points on the axes. Tutorials for this Question

Answer the following questions: a. What does GDP measure, and why is it a useful tool for economists, business decision makers, and government policy makers? b. Explain at least two important things GDP does not measure.

Question ECO 341K University of Texas Introduction to Econometrics Homework Assignment #2 (due February 11th, the end of class) Not to be turned in: At this point, it would be a good idea to review the material in Appendix B.4 (if you haven’t already). Written problems: 1. Suppose that the random variables x and y are related by the simple linear regression model, y = ?0 + ?1x + u, with the assumption E(u|x)=0. a. How does the unconditional expectation E(y) relate to the unconditional expectation E(x)? b. Using the fact that E(u|x)=0 implies Cov(u,x)=0, show that ?1 = Cov(x,y) / Var(x) (Hint: Figure out Cov(x,y) by plugging in the model for y. Some useful facts about covariances that should help you… for constants k1 and k2 and random variables X, Y, Z, we have (i) Cov(k1,X)=0, (ii) Cov(k1X, k2Y)= k1 k2Cov(X,Y), (iii) Cov(k1X+ k2Y,Z)= k1Cov(X,Z)+ k2Cov(Y,Z), (iv) Cov(X,X)=Var(X).) c. How does the result in part b relate to the result from class for the estimated sl

Name: Economics for Managers Date: 1. Comparative advantage explains how two nations can benefit from trade. True False Explain your answer 2. Externalities are created when parties not involved in an economic transaction are affected by it. True False Explain your answer 3. Opportunity cost is the value of the next best alternative to a given choice. True False Explain your answer 4. It is impossible for both nations to gain when trading with one other. True False Explain your answer 5. In economics the true cost of making a choice is the value of what must be given up. True False Explain your answer 6. Some college students think that because a college degree greatly increases their earning potential there is no opportunity cost of attending college. How would an economist look at the matter? a. There is no opportunity cost, assuming that future earnings actually increase as expected. b. The opportunity cost is much less than it would appear, assuming that earnings increase. c. Oppor

        Lester Scholl's administrative assistant calls you on Monday afternoon to set up a conference call between you and the chairman tomorrow morning to discuss the board's reaction to your list and to discuss your next task. You call the number she gave you, and Lester joins the call shortly after. "I'm pleased with your work," he says. The board was impressed with your list of factors. Your ranking made sense because your explanations were well-written. I suspect they read everything you sent because it was concise and clear. Good job." "Thanks," you say, and you feel relieved that your first assignment was well-received. "Your list provided the basis for a good conversation about the manufacturing operations," he says. "We want to know more about the economy of both countries to further inform our decision-making process." "That makes sense," you say.

Strategic Behavior Oligopolies   An interesting example of strategic behavior comes from a 1997 article about Microsoft’s investment in Apple (New Straits Times, 1997). The article is included in the Required Readings list. Facing tough anti-trust scrutiny from government agencies, Microsoft provided financial support to Apple in order to ensure Apple’s survival and, therefore, to ensure that competitiveness in the industry remains. Moreover, the partnership with Apple provided an additional market for Microsoft’s products – the MS Office and the IE products were to be bundled with the MAC OS as one of the conditions for this financing. Discuss this case in the context of market structure and strategic behavior. What market structure do these firms operate in? Why did Microsoft need to preserve competitiveness in the industry? What was Microsoft afraid of in the event that Apple did not survive? Guided Response: In 300 words or more, please

Assignment Requirements   I will update a word file with pictures of the questions. There are 2 part in this home work and total 21 small questions. However, each small question is simply calculating so I choose 10 in the number of questions. If you think the price should be higher, you can leave me a message, I can add money if you get all the answers right. I need the answers in 10 hour! Again, I choose 10 only in the number of question - 13 to 22. the last problem ask you to scan the graphing, you can just take a photo and send it to me. Thanks.   Order Now http://zelessaywritings.com/order/

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Assignment Requirements   Read the proposal attached about the Country Report: Peru. Write the research paper based on that. Make sure your research is based on Comparative Economics view. and use the same three refrences from the proposal and add two more. Also follow the instructor comments: This report should be on the characteristics of the country’s economy rather than its economic conditions. Characteristics include, but not limited to, its sector mix, comparative advantage, technology, resource structure, stabilization policies, investment and financial sectors, trading partners. The entire report needs to be about two pages. If you use any charts, graphs tables and any other supporting materials, you should relegate them to an appendix. Your use of vocabulary, grammar and presentation are important. Do not forget writing a report in two pages requires a lot of precision. In fact it needs to be edited diligently.   Order Now