Chase, Danielle Microeconomics Module 5 Current Events MC ATC MR Now you discuss the differences between the two by comparing curves etc. Price Consumer Surplus
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Can someone explain to me the curve in this economic module
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- What assumptions about the economy must he true for the invisible hand to work? To what extent are those assumptions valid in line real world?WTO presented mitigation ways to counter the impact of covid 19 to the global tourism industry market, what are the priorities for tourism recovery mentioned? 2. What were the immediate steps taken by the Philippine DOT to counter the effect of the COVID 19 pandemic in the local tourism industry. 3. How do you understand this quote " THE FILIPINO SPIRIT will be THE DRIVING FORCE THAT WILL JUMPSTART THE NATION TOWARDS RECOVERY". 4. As per the seminar, domestic tourism or domestic travel market will be the first to recover post-pandemic. How is it so? 5. What were your personal takeaways/learnings from the webinar?How do we use these FOCs to show that (wtNt)/Yt =(1-α) if Yt = At Ktα Nt1-α
- https://www.youtube.com/watch?v=6EDCnhbUpgE Modern logistics! It would be hard to imagine our daily digital lives without them. As consumers, we can shop online every day and any hour of the day. We expect everything to arrive on time – whether clothing, printer spare parts or a set of screws. Online shopping is booming: in 2018, courier, express and parcel services, the so-called CEP sector, delivered around 3.5 billion shipments in Germany alone. And this is an upward trend. But how does all this work so smoothly, safely and on time? After all, we live in turbulent times: digitalization, climate crisis, growing world population and political and economic instability. How does the logistics industry rise to such challenges? For answers to these questions we need to dive deep into the world of modern logistics. Our film takes us into huge, fully connected warehouses, watching as fleets of cargo planes are prepared for take-off at night and accompanying couriers on delivery bikes on…2.what is one of the core propostions underpinning an istitution-base viewbof global businessCovid-19 backed by Lockdown generated many economic anomalies. The weeklychange in the price of the mask in a town is given below.Time March1 stweekMarch2 ndweekMarch3 rdweekMarch4 thweekApril1 stweekApril2 ndweekApril3 rdweekApril4 thweekMay1 stweek Price(₹)100 150 175 200 200 175 70 50 50Forecast the Expected price of Mask for the 2 nd week of May.Strangely the Actual price of Mask in the city in the 2 nd week of May was 10 rupees.State at least four economic reasons why your calculated Expected price of Mask didnot match the Actual price of Mask.Now assume when the price of the Mask was 200 rupees per unit 5 lakh customersbought it. As the price reduced to 50 rupees only 1 lakh customers bought it.Calculate elasticity of demand and state which laws of economics are violated in thiscase, and how?
- Review the numbers for Canada and Venezuelafrom Table 33.12 which describes how many barrelsof oil and tons of lumber the workers can produce. Usethese numbers to answer the rest of this question.a. Draw a production possibilities frontier for eachcountry. Assume there are 100 workers in eachcountry. Canadians and Venezuelans desire bothoil and lumber. Canadians want at least 2,000tons of lumber. Mark a point on their productionpossibilities where they can get at least 3,000tons.b. Assume that the Canadians specializecompletely because they figured out they havea comparative advantage in lumber. They arewilling to give up 1,000 tons of lumber. Howmuch oil should they ask for in return for thislumber to be as well off as they were with notrade? How much should they ask for if theywant to gain from trading with Venezuela? Note:We can think of this “ask” as the relative price ortrade price of lumber.c. Is the Canadian “ask” you identified in (b) alsobeneficial for Venezuelans? Use the…Edwina, a commodities broker, has acquired an option tobuy 1,000 oz of gold at $50/oz. If she takes the option and ifCongress relaxes import quotas, she can sell the gold for$80/oz. If she takes the option and Congress does not relaxthe import quotas, however, the company will lose $10/oz. Edwina believes that there is a 50% chance that the governmentwill relax the quota. She also has the option of waiting untilCongress decides whether to relax the import quota. If sheadopts this strategy, however, there is a 70% chance that someother broker will have already taken the option.a If Edwina is risk-neutral, what should she do? b If Edwina’s utility function for a change x in her as-set position is given by u(x) (10,000 x)1/2, what should she do?A farmer selling eggs at 50.92 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 0.107, how much will be his new gain in percent?
- PUT YOUR ANSWERS IN BOLD PLEASE.8Sadaam Hussein is deciding where to hide his weapons of mass destruction(WMD), while the United Nations is deciding where to look for them. Thepayoff to Hussein from successfully hiding WMD is 5 and from havingthem found is 2. For the UN, the payoff to finding WMD is 9 and from notfinding them is 4. Hussein can hide them in facility X, Y, or Z. The UNinspection team has to decide which facilities to check. Because the inspectors are limited in terms of time and personnel, they cannot check allfacilities.a. Suppose the UN has two pure strategies: It can either inspect facilitiesX and Y (both of which are geographically close to each other) orinspect facility Z. Find a Nash equilibrium in mixed strategies.b. Suppose the UN can inspect any two facilities, so that it has three purestrategies. The UN can inspect X and Y, X and Z, or Y and Z. Find aNash equilibrium in mixed strategies.Hello experts, I have posted this question many times in chegg, but every time people answering this question to use ai tool like chatgpt, please dont use gpt and other ai tool. Can we change one of the most fundamental definition of economic theory: The way we calcutale the cost of risk? Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer then i have 23 chegg study accounts, i told you if the answer wrong then i gave 23 dislikes for you and more from my friends accounts also.