K.e.y. .t.a.k.e.-.a.w.a.y.s. .a.b.o.u.t. .T.h.e. .2.0.2.3. .S.t.a.t.e. .o.f. .t.h.e. .N.a.t.i.o.n. .A.d.d.r.e.s.s. .t.h.a.t. .w.a.s. .d.e.l.i.v.e.r.e.d. .b.y. .P.r.e.s.i.d.e.n.t. .B.o.n.g.b.o.n.g. .M.ar.c.o.s. .o.n. .J.ul.y. .2.4.,. .2.02.3.
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K.e.y. .t.a.k.e.-.a.w.a.y.s. .a.b.o.u.t. .T.h.e. .2.0.2.3. .S.t.a.t.e. .o.f. .t.h.e. .N.a.t.i.o.n. .A.d.d.r.e.s.s. .t.h.a.t. .w.a.s. .d.e.l.i.v.e.r.e.d. .b.y. .P.r.e.s.i.d.e.n.t. .B.o.n.g.b.o.n.g. .M.ar.c.o.s. .o.n. .J.ul.y. .2.4.,. .2.02.3.
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- Alec and Ellie are the only detectives in the town of Broadchurch. They work together. Assume efficient production. Each has 10 hours in a day to allocate between conducting interviews and completing paperwork. Alec takes 25 hours to complete one interview or 4 hours to complete one file of paperwork. Ellie takes 15 hours to complete one interview or 20 hours to complete one file of paperwork. What is Alec's Opportunity Cost of an interview in terms of files of paperwork? Enter a number only. Note: The question here is asking you for the opp. cost in terms of files so you can just enter a number. On the assessments if the question is phrased as "what is the opportunity cost?", you will have to enter the units as well, without which you will not get full credit.B) In his State of the Union address in 2003, President Bush supported the idea of changing from the use of internal combustion engines to fuel cells based on hydrogen as a way of reducing air pollution and the emission of greenhouse gases. Fuel cells are nonpolluting because they only emit water vapor. President Bush proposed having the government subsidize research and development of hydrogen fuel and fuel cell technology. The president did not propose raising taxes on gasoline as a way of encouraging the use of fuel cells and reducing greenhouse gases. Currently, hydrogen is more expensive than gasoline.lexi and Tony own a food truck that serves only two items, street tacos and Cuban sandwiches. As shown in the table, Alexi can make 80 street tacos per hour but only 20 Cuban sandwiches. Tony is a bit faster and can make 100 street tacos or 30 Cuban sandwiches in an hour. Alexi and Tony can sell all the street tacos and Cuban sandwiches that they are able to produce.Output Per HourStreet Tacos Cuban SandwichesAlexi 80 20Tony 100 30a. For Alexi and for Tony, what is the opportunity cost of a street taco? Who has a comparative advantage in the pro-duction of street tacos? Explain your answer.b. Who has a comparative advantage in the production of Cuban sandwiches? Explain your answer.c. Assume that Alexi works 20 hours per week in the business. Assuming Alexi is in business on his own, graph the possible combinations of street tacos and Cuban sandwiches that he could produce in a week. Do the same for Tony.d. If Alexi devoted half of his time (10 out of 20 hours) to making street tacos…
- Scenario DC street band, Spread Love, plays regularly on the corner of 15th St. and New York Ave, situated nicely in the heart of DC’s tourist district, near Lafayette Square and the White House. Employees in the nearby offices complain that the band is a nuisance and the noise distracts them from their work. Some offices and conference rooms in the buildings have been rendered unusable due to the noise. Employees have been forced to work wearing headphones or have brought in white-noise machines to drown out the music. The nearby law firm contacted the Secret Service and the DC police. However, the police determined that the band’s performances were legal. Question Are the street musicians imposing a negative or positive externality on the law firm and other employees in the area? To people and tourists walking by? To any other group not mentioned here? Economic theory suggests that in a private market, public goods will be under-produced. Does street music satisfy the characteristics…In Southeast Asia, Grab, the Singapore-based ride-hailing company, forced Uber out of the region in 2018 and acquired its local operations. A few months later, it expanded its app to offer its 130 million users not only food delivery and travel booking, but also financial and other services. These efforts helped Grab hit $1 billion in revenue in 2018 and attract more than $3 billion in fresh funding to expand. Later this year, it’ll add healthcare services from Ping An, the Chinese digital health giant. To Uber, Grab is a typical example of _________. * bargaining power of suppliers to the industry threat of substitute products or services rivalry among companies competing in the industry threat of new entrants to the industryWhat is one industry, firm, or product that has disappeared from the market as a result of allocative efficiency and creative destruction and replaced by another industry, firm, or product? And what are some pros and cons?
- How do markets operate to bring product into existence? How does that relationship affect supply and demand for the various markets involved? In what ways has the change in supply and demand affected the market? What enabled the many participants in the production of this product to cooperate, and how has this affected the production of the product?3. Technology has the ability to disrupt industries. You are involved in an industry that is undergoing changeand disruption by taking this class. The traditional textbook industry is being disrupted by the availabilityof digital textbooks, and free textbooks such as this one are further impacting traditional textbookpublishers. Place the following statements into Porter’s Five Forces model.a. Students have access to the material at a greatly reduced cost.b. Authorship is funded through philanthropic donations rather than royalties paid from textbook salesrevenue.c. More students have access to the Internet than ever before.d. Companies, governments, and students invest large sums of money in their education.e. Traditional public educational institutions are adapting their delivery models for online learning.f. Private companies such as Apollo (University of Phoenix) are offering lower-cost education options.g. Bookstores now offer traditional textbooks as well as used and rental…Explain each one of these. 1. Government Black Entry 2. Control Key Resources 3. Network Externalities 4. Economic of Scale
- Two children living in a neighborhood have decided to go into business running lemonade stands. Annie has spent$10on a pitcher to make the lemonade in, and can produce up to 70 cups of lemonade per day. She spends$0.15per cup of lemonade on lemons, sugar, and plastic cups. Bobby has spent$1on a pitcher, and can produce only 20 cups of lemonade per day. He spends$0.25per cup of lemonade on lemons, sugar, and plastic cups. Which of the following graphs represents the supply curve for lemonade in this neighborhood? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won't buy it because they dont like the taste. From an economic perspective, the company should keep the hamburger on the menu because they have spent so much money and time developing and promoting the product. spend more money to develop a more efficient way to cook the hamburger so it cooks in a shorter time. pull the hamburger off the menu and treat the development and promotion expenditures as a sunk cost. keep trying to sell the hamburger so that people who developed and promote it have a job with the company.3. Recycling CanFor the past 10 years, five Colorado cities have held a recycling contest to see which citydoes the best job of recycling plastic, glass, and aluminum. Those participating in thisyear’s contest are Arvada, Centennial, Lakewood, Highlands Ranch, and Parker.To make the contest fair for both large and small cities, the winning city will be the one that recycles the largest number of cans per capita—the number of cans recycled dividedby the number of city residents. 0.02 per can Recycling Can Contest City Population Jan Feb Mar Total Per Capita Arvada 15,855 10,505 24,556 12,567 Centenntial 28,951 24,567 21,777 26,719 Lakewood 142,547 102,376 105,876 121,987 Highlands Ranch 2,801,561 2,714,664 2,503,344 1,999,877 Parker 1,689,908 1,523,665 1,487,660 1,002,545 Total -…