Economics questions and answers in October 2021

Q2. As part of the "One Geely" strategy outlined in the case study (p. 112), one of the ways in which the company achieved cost leadership was by cutting down its dealership network from over 1000 dea...
  Explain why a credit card is not "Money".   Supporters of Bitcoin technology are confident that bitcoin can perform the functions of money. Discuss three limitations in accepting bitcoin as "Mone...
In a home purchase, what are discount points?   A. Interest paid up front to the lender in return for a reduced annual interest rate B. A reduced annual interest rate because of a very high credit sc...
Michael is considering getting a closed-end lease on a car for 48 months. The car dealer quotes him a monthly payment of $349. If Michael were to buy the car with the same down payment, his monthly pa...
When analyzing excess spending, it is recommended that you   look carefully at frequent small purchases that are easy to overlook. only focus on the large purchases. ignore the large dollar item purc...
 1-Briefly explain how the following variables have changed and affected the Australian economy since 2020. A-Consumer price index B-Official interest rate C-Federal budget deficit   2-Explain two (...
Answer all parts to this question. Part i)  Determine the impact of each of the following events on the market for the products below shown in italics. For each event show the impact on the Demand or...
1-Why is COVID 19 vaccine a good that has positive externalities?  Explain two strategies the government can pursue in regards to a good with positive externality.    2-Why is it necessary to calcu...
Assume that bonds pay a real return of 2%. Stocks pay 22% half the time and -6% half the time. Suppose you initially have wealth of $100, and let X be your wealth after 1 year. What fraction of your w...
Using the FRED economic data set, collect inflation for Canada using both implicit price deflator and CPI and answer the following questions: (35 points)     What does the index 2015=100 mean? What ...
[Payroll tax is like a sales tax but applies to workers' wages. Many economists have called the state payroll tax a "tax on employment".] [Suppose that the equilibrium wage is given by $18 per hour. T...
[This question tests your understanding of the concept of elasticity . Elasticity, a measure of how much buyers and sellers respond to changes in market conditions, allows us to analyse supply and de...
[Two home-improvement stores ( Good Home and Happy Home ) in a growing urban area are interested in expanding their market share. Both are interested in expanding the size of their store and parking l...
Intervention A results in total QALY 190 after year 1 and 183.3 after year 2 Intervention B results in total QALY 201.6 after year 1 and 185.07 after year 2 End of year 1, QALYB-QALYA=11.60 End of yea...
Given the regression equation Y=108.811+(−3.968∗First)+(0.732∗Second)+(−8.534∗Third)+(−0.334∗Trend)Y=108.811+(−3.968∗First)+(0.732∗Second)+(−8.534∗Third)+(−0.334∗Trend),  ...
Question 1 [Mexico represents a small part of the world orange market.] [Draw a diagram depicting the equilibrium in the Mexican orange market without international trade. Identify and label the equil...
Assume six firms comprising an industry have market shares of 40, 30, 10, 10, 5, and 5 percent. The Herfindahl (HHI) index for this industry is:   Select one: a. 2,200     b. 2,000     c. 1,600 ?...
Assume two firms exist in the market, Buckley and Stetler. If they merge, they will have fixed costs of $140,000, marginal costs of $50, and a market share of 6 percent. The price elasticity of demand...
A system anticipates that spending $300,000 on an advertising campaign will increase bed days by 650. The marketing department anticipates that each additional bed day will yield $2,100 in additional ...
1. Raymond would like to accumulate$475,000 for his retirement in 11years.If he is promised a rate of 4.08% compounded monthly by his local bank,How much should he invest today? 2. Li jun loaned $67,0...
Question 14 (2 points) If a team has a demand curve given by P = 90 - 6 In(Q), then at a price of $50 per ticket, quantity sold (to the nearest integer) is A If the team wants to maximize its revenue,...
Question 1 (4 points} Suppose I ran a regression of the number of local tv viewers, measured in thousands, of a WNBA playoff game on the regular season win % of the home team, the size of the city in ...
. 1) If the interest rates are .07 and .05 in Argentina and Canada respectively, what will happen to the peso versus the Canadian dollar, if presently they exchange as 10 pesos for one dollar? Explain...
Course Name: MBA 5125 Economic Decision Making Managers   Scenario One: After experiencing a few years of some modest success, your company (Indiana, Inc.) wants to expand operations, but it needs to...