Homework 1 The following table contained data on the relationship between saving and income: Income Per Year Saving Per Year $15,000 $1,0000 – 50010,000 5005,000 020,000 1,500 a) Rearrange the data into a meaningful order (Hint start with 0 and – 500). b) Graph them on a piece of paper. c) Calculate the slope of […]
Microeconomics Econ Brief (150 points) Case study: “Good X” Assume in a simple example that two changes occur simultaneously in an economy which produces “Good X” The economic changes that occur in the market are: (1) An increase in the number of seller/producers in the economy who make “Good X”, and (2) An increase […]
Explain policy changes needed for Australian Water Markets
Part 1 (30%) Consider an economy where the level of production (Y) is not at the natural level (Yn), that is, an economy in which Y≠Yn.Using the AS/AD model, explain what will happen next and suggest a monetary and/ora fiscal policy to adjust out put and analyse the effect of this policy on the price […]
What were the primary causes of the Euro-zone crisis and how well did the EU respond?
Do some research and write a Topic Paper that describes the market structure in which a typical professional sports team in or outside the United States (e.g. New York Yankees, Kansas City Wizards, New Jersey Nets, Manchester United, etc.) operates. Do they clearly fit into one of the four structures discussed in our book? If […]
Discuss The Role of Currency Depreciation in the Asian Financial Crisis: South Korea
Microeconomics assignment Consider you are an economic adviser to the Australian government. The government is of the opinion that variations in commodity prices have implications for the commodity producers as well as for the overall economy. Australia is a major supplier of commodities to the world. You are asked to study the commodity price movements […]
The discipline is Managerial Economics. Please answer the following: Answer the following questions: 1) Explain the relative advantages and disadvantages of each of the following: a.) time-series and cross-section studies for estimating cost functions in the short run and long run. b.) using a polynomial cost function compared with a power function for a long-run […]
Identification of a Demand Curve The manager of a gas station decided to identify his customers’ demand curve for gasoline of in order to improve the profitability of his gas station. For this reason he collected data during a three months interval of time and on this basis created the following table indicating the relationship […]
