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  Consider a consumer who each week purchases two goods, X and Y…

  $12.00

  Consider a consumer who each week purchases two goods, X and Y. The following table shows three different combinations of the two goods that lie on three of her indifference curves—A,B, and C.

  Indifference Curve	Quantities of goods X and Y, respectively	Quantitities of goods X and Y, respectively	Quantities of goods X and Y, respectively
  A	1 unit of X and 4 of Y	2 units of X and 2 of Y	3 units of X and 1 of Y
  B	1 unit of X and 7 of Y	3 units of X and 2 of Y	5 units of X and 1 of Y
  C	2 units of X and 5 of Y	4 units of X and 3 of Y	7 units of X and 2 of Y

  1. With good X on the horizontal axis and good Y on the vertical axis, draw the implied indifference curves. Be sure to label all curves and axes completely.

  2. On Curve A, what is the marginal rate of substitution (MRS) between the first two combinations of goods X and Y?

  3. Suppose this consumer has $500 available to spend on goods X and Y and that each costs $100. Add her budget line to the graph you drew in part (a). What is the slope of the budget line?

  4. What is the utility-maximizing combination of goods X and Y for this consumer? (Assume in this exercise that the utility-maximizing combination always occurs at one of the combinations shown in the table.)

  5. What is the MRS at the utility-maximizing combination?

  6. Now suppose the price of good X falls to $50. Draw the new budget line onto your graph and identify the utility-maximizing combination. What is the MRS at the utility-maximizing combination? How much of each good does she consume?

  7. Draw the demand curve for good X between prices of $50 and $100, assuming it is linear in this range.
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  Choco Delite is a manufacturer of fine chocolates…

  $1.00

  Choco Delite is a manufacturer of fine chocolates. It’s monthly rental expense is $1,000,000. It has 2 million in fixed labor costs. Its marginal costs are $.70 per chocolate bar. If sales fall by 30 percent from 2 million chocolate bars per month to 1,400,000 chocolate bars per month, what happens to the AFC per chocolate bar? The MC per chocolate bar? what about the minimum amount that can be charged to break even on these costs?
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  Elasticity in demand for fuel prices in Australia

  $15.00

  HI5003: Economics for Business     

   Topics for Individual essay   DUE Week 7

  Choose any One topic from the following list:

  • Scarce resources- which resource and in which country/industry and what are being done in the industry or country

  • Opportunity cost – faced by any company or country or government in choosing something and leaving other alternates

  For example – delay in setting up broad band in Australia or not building up infrastructure like high speed rail, roads, housing or ports etc

  • Micro economics – study of individual behaviour – individual industry like education, meat industry, tourism and agriculture.
  • Gains from trade – increased production and becoming specialised in certain industries. Australia or any country
  • Comparative advantage/Absolute advantage –
  • Free Trade agreement with Japan and Korea and its affect on Australian economy, jobs and GDP.
  • Demand and supply of certain resources or products/services in Australia or world wide or factors other than price which affect demand and supply
  • Elasticity of demand, Income elasticity and cross elasticity
  • Costs of production
  • Market structures like Monopoly, Duopoly, Oligopoly and Monopolistic competition

  Structure of the Essay

  • Introduction – which topic 200 words
  • Body- Discuss the topic in the article and with some theory -700 words
  • Conclusion 100 words

  Note=

  • More marks for research – choosing a good article on something specific topic from MICRO economics only
  • Theory should not be more than 300 words
  • More marks for application and your comments on the topic
  • You need to attach the copy of the article with your essay
  • Upload the soft copy on BB
  • Following are the good sources of the articles:
  • BRW
  • Economist
  • Australian Financial Review
  • Australian
  • Sydney Morning Herald
  • Fortune
  • Boss
  • RBA/ABS
  • Proquest or any other data base
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  Assignment 3: Demand and Supply

  $3.00

  The use of E-Books has increased in recent years, especially with the advent of mobile E-Readers. A marketing research firm recently developed the following supply and demand schedules for E-books:

  Price/E-Book	Quantity Demanded	Quantity Supplied
  $18	4000	10,000
  16	5000	9500
  14	6000	9000
  12	7000	8500
  10	8000	8000
  9	9000	7500
  8	10000	7000
  7	11000	6500
  6	12000	6000
  5	13000	5500
  4	14000	5000
  2	15000	4500

  Questions:

  1. Construct a graph showing supply and demand in the E-Book market, using Excel.
  2. How are the Laws of Supply and Demand illustrated in this graph Explain your answers.
  3. What is the equilibrium price and quantity in this market?
  4. Assume that the government imposes a price floor of $12 in the E-Book market. What would happen in this market?
  5. Assume that the price floor is removed and a price ceiling is imposed at $6. What would happen in this market?
  6. Now assume that the price of E-Readers (used with E-Books) drops by fifty percent. How would this change impact the demand for E-Books? Explain your answer and reconstruct the graph developed in question one to show this change.

  Present your analysis in Excel format. Enter non-numerical responses in the same worksheet using textboxes.

  If you want to learn how to use Microsoft Excel to create curves, refer to the MS Excel tutorials placed.
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  Accounting question 1

  $3.00

  4. (TCO C) Answer the next questions (Parts A and B) on the basis of the following cost data for a firm operating in pure competition:

  OUTPUT —— TFC ———- TVC

  0 $500.00 0.00

  1 500.00 70.00

  2 500.00 130.00

  3 500.00 170.00

  4 500.00 200.00

  5 500.00 300.00

  6 500.00 510.00

  (a.) (15 points) Refer to the above data. If the product price is $185 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

  (b.) (15 points) Refer to the above data. If the product price is $200 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations
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  Macroeconomics solve all the questions

  $20.00

  Question 9:
  An economy is currently in equilibrium and the following figures refer to elements in its national accounts:
  Consumption (total) = 60billion
  Investment = 5billion
  Government expenditure= 8billion
  Imports = 10billion
  Exports = 7billion
  (a) What is the current equilibrium level of GDP? (1 mark
  (b) What is the level of injections? (1 mark)
  (c) What is the level of withdrawals? (1 mark)
  (d) Assuming that tax revenues are $7 billion, what is the value of savings? (1 mark)
  (e) If GDP now rises to $80 billion and, as a result, the consumption of domestically produced goods rises to $58 billion, what is the MPCd? (i.e. marginal propensity to consume domestic goods) (2 marks)
  (f) What is the value of the multiplier? (2 marks)
  (g) Given an initial level of GDP of $80 billion, assume that spending on exports rises by $4 billion, spending on investment rises by $1 billion, while government expenditure falls by $2 billion. By how much will GDP change? (2 marks)

  Question 10:
  (a) Which of the following are final goods and services and which are intermediate goods and services? Please explain why in your answer. (4 marks – 1 mark each)
  (i) A windscreen purchased by a motor vehicle spare parts supplier;
  (ii) A new bulldozer to be used by a construction company;
  (iii) A household cleaning service purchased by a family from a domestic cleaning service company;
  (iv) Coking coal
  (b) An economy produces final goods and services with a market value of $800 billion in a given year, but only $750 billion worth of goods and services is sold to domestic or foreign buyers.
  Is this nation’s GDP $800 billion or $750 billion? Explain your answer. (2 marks)
  (c) Explain why a new truck sold for use by a transport company is a final good, even though it is a fixed investment (capital) used to produce other goods. (2 marks)
  Should the value of this truck then be added to GDP or should only the goods it transports be included in GDP? (2 marks)

  Question 11:
  (10 marks total – 2.5 marks each part)
  (a) Illustrate and explain with diagrams the difference between demand-pull and cost-push inflation; (2.5 marks for the diagram and 2.5 marks for the explanation);
  (b) Provide (describe) two (2) causes of each type of inflation
  (2.5 marks for 2 demand-pull causes and 2.5 marks for 2 cost-push causes)

  Question 12:
  (a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero? Why or why not should this be the case? (5 marks)
  (b) How did the classical economists interpret long-run unemployment? (2.5 marks)
  (c) How does structural and cyclical unemployment differ and how concerned should policymakers be about these types of unemployment? (2.5 marks)

  Question 13:
  (2.5 marks each part)
  Using the aggregate demand – aggregate supply (AD-AS) diagram, show how the four economic events would affect economic activity and the price level. (Note: use a separate AD-AS diagram for each event)
  (a) An improvement in the marketing and selling skills of firm managers;
  (b) An increase in personal income tax;
  (c) An increase in exports;
  (d) A significant destruction in an economy’s capital stock because of war;

  Question 14:
  (a) The consumer price index (i.e. CPI) is the most commonly used measure of changes in the general level of prices in Australia. Discuss some of the advantages and disadvantages of using this measure. (4 marks)
  (b) Explain why some people ‘lose’ from inflation and why do some people ‘win’ from inflation? (6 marks)

  Question 15:
  Which of the following would cause a growth in the money supply? Answer yes, no, or possibly and explain your answer (i.e. please provide reasons). (2 marks each)
  (a) The selling of government securities to banks;
  (b) A fall in interest rates;
  (c) An increase in government expenditure, financed by borrowing from the banking sector;
  (d) The purchase of government securities by the Central Bank from the banking sector;
  (e) It is agreed by the Treasurer and the Governor of the Central Bank to
  reduce the target rate of inflation

  Question 16:
  The following are the various elements within a nation’s balance of payments account:
  (i) Imports of goods (?)
  (ii) Exports of goods (+)
  (iii) Imports of services (?)
  (iv) Exports of services (+)
  (v) Other income outflows (?)
  (vi) Other income inflows (+)
  (vii) Capital transfers sent overseas from the nation (–)
  (viii) Capital transfers to the nation from overseas (+)
  (ix) The nation’s investments overseas (?)
  (x) Investment in the nation from overseas (+)
  (xi) Short-term financial outflows (?)
  (xii) Short-term financial inflows (+)
  (xiii) Adding to reserves (?)
  (xiv) Drawing on reserves (+)
  Into which of the above categories would you put the following? (total 10 marks – 1 mark each)
  (a) DVD recorders imported into the nation from Japan;
  (b) Insurance cover purchased in the nation by overseas residents;
  (c) The nation gives overseas aid to a developing country;
  (d) A US car company sets up a factory in the nation;
  (e) Some of the nation’s residents take a holiday in Bali;
  (f) Interest earned by the nation’s residents on overseas assets;
  (g) Running down the stock of foreign exchange in the Central Bank of the nation;
  (h) Migrants to the nation transferring property to the nation;
  (i) New deposits made in banks in the nation by overseas residents;
  (j) The nation’s palm oil is sold in the United Kingdom.
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  In Akron, Ohio, the movie market is monopolistically competitive…

  $2.00

  In Akron, Ohio, the movie market is monopolistically competitive. The demand function for daily attendance and the long-run average cost function at the Plaza Movie House are, respectively,

  P = 9 – 0.4Q

  and

  AC = 10 – 0.06Q + 0.0001Q²

  (a) Calculate the price that the Plaza Movie House will charge for admission to movies in the long run.

  (b) What will be the number of patrons per day at that price?

  (c) What is the value of the LAC that the firm will incur?

  (d) How much profit will the firm earn?
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  Assignment 2: Operations Decision

  $7.00

  Using the regression results and the other computations from Assignment 1, determine the market structure in which the low-calorie food company operates.

  Use the Internet to research two (2) of the leading competitors in the low-calorie microwavable food industry, and take note of their pricing strategies, profitability, and their relationships within the industry (worldwide).

  Write afive (5) page paper in which you:

  1. Outline a plan that will assess the effectiveness of the market structure for the company’s operations.
  2. Suppose the business operations have now changed from the market structure specified in the scenario. Determine two (2) likely factors that might have caused the change. Predict the primary manner in which this change would likely impact business operations in the new market environment.
  3. Analyze the major short-run and long-run production and cost functions for the low-calorie microwaveable food company. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisions in both the short-run and the long-run.
  4. Determine the possible circumstances under which the company should discontinue operations. Suggest key actions that management should take in order to confront these circumstances. Provide a rationale for your response.
  5. Suggest one (1) pricing policy that will enable your low-calorie microwavable food company to maximize profits. Provide a rationale for your suggestion.
  6. Outline a plan, based on the information provided in the scenario, that the company could use in order to evaluate its financial performance. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term, and the fundamental manner in which each factor influences managerial decisions.
  7. Recommend two (2) actions that the company could take in order to improve its profitability and deliver more value to its stakeholders. Outline, in brief, a plan to implement your recommendations.
  8. Use at least five (5) quality academic resources in this assignment. Note: Wikipedia does not qualify as an academic resource.

  Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

  The specific course learning outcomes associated with this assignment are:

  • Analyze short-run and long-run production and cost functions.
  • Apply macroeconomic concepts to changes in global and national economies and how they affect economic growth, inflation, interest rates, and wage rates.
  • Evaluate the profit-maximizing price and output level for given operating costs for monopolies and firms in competitive industries.
  • Use technology and information resources to research issues in managerial economics and globalization.
  • Write clearly and concisely about managerial economics and globalization using proper writing mechanics.
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  Harvard Business School Case Study

  $5.00

  This week’s homework is a Harvard Business School Case Study. The subject is the Cost of Capital.

  The assignment for the case study is below. Make sure you answer all four questions.

  Case: Nike Cost of Capital (attached)

  Harvard Business School Case Study (Actually a UVA Darden Case)

  Case Information:

  Nike, Inc.: Cost of Capital (v. 1.8)
  Product Number: UV0010
  Author(s): Robert F. Bruner, Jessica Chan
  Publication Date: Oct 10, 2001

  Case Description:

  This case is intended to serve as an introduction to the calculation of the weighted-average cost of capital (WACC) of the firm. The case provides a WACC. Your assignment is to review the WACC, identify, explain any mistakes in the analysis, answer several key questions and draw your own conclusions.

  Your Assignment – Answer the following questions:

  1. What is the WACC and why is it important to estimate a firm’s cost of capital? Do you agree with Joanna Cohen’s WACC calculation? Why or why not?
  2. What was your estimate of WACC? What mistakes did Joanna Cohen make in her analysis? Which method is best for calculating the cost of equity? Calculate the costs of equity using CAPM.
  3. Why is it important to estimate a firm’s cost of capital? What does it represent? Is the WACC set by investors or by managers?
  4. What should Kimi Ford recommend regarding an investment in Nike?

  Additional Files:

  nike-cost-of-capital.pdf