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The outbreak of Bird Flu in 1997 resulted in the Hong Kong government ordering the culling of more than 1.5 million chickens. The culling of chickens was simultaneously accompanied by consumers reducing their demand for life chickens due to the bird flu. Using demand and supply analysis, what was the impact on price and quantity in the market for life chickens?
You plan to retire in 40 years and want to have $10,000,000 on the day you retire. If you plan to invest $64,615 at the end of each of the next forty years, approximately what rate of return must you earn in order to meet your objective? Show your work.
If the currency drain ratio in china and the united states is 10% of deposits, compare the money multipliers in the two countries.
Economics
Discuss whether or not the three payments are income from
personal exertion. Would your answer differ if she wrote the
story for her own satisfaction and only decided to sell it later?
personal exertion. Would your answer differ if she wrote the
story for her own satisfaction and only decided to sell it later?
qdus=5000-2p qsus=-3000+p
What was the market equilibrium price per metric ton of sunflower oil? how many billions of metric tons were sold at this price (what was the market equilibrium quanity) At this market price what were revenues for US sunflower oil produccers?
What was the market equilibrium price per metric ton of sunflower oil? how many billions of metric tons were sold at this price (what was the market equilibrium quanity) At this market price what were revenues for US sunflower oil produccers?
If the social security retirement were a private retirement system, it would be declared bankrupt. Explain why this is so and why the social security system can continue to pay benefits even though it can be considered bankrupt?
Consider the following economic data:
Unemployment rate= 5%
Inflation rate= 2%
Real GDP= $18 trillion
Growth rate= 2%
Natural rate of unemployment= 4%
Potential GDP= $20 trillion
Marginal Propensity to consume=.8
Based on the data, answer the following:
1. What data indicate there is a problem? Explain.
2. Identify what kind of GDP gap this economy is experiencing. Why is this a problem?
3. State a fiscal policy option to fix the problem. How will your proposal fix the problem?
4. State a monetary policy option to fix the problem. How will your proposal fix the problem?
5. Given the power of the multiplier, how much must spending change to reach potential GDP?
Unemployment rate= 5%
Inflation rate= 2%
Real GDP= $18 trillion
Growth rate= 2%
Natural rate of unemployment= 4%
Potential GDP= $20 trillion
Marginal Propensity to consume=.8
Based on the data, answer the following:
1. What data indicate there is a problem? Explain.
2. Identify what kind of GDP gap this economy is experiencing. Why is this a problem?
3. State a fiscal policy option to fix the problem. How will your proposal fix the problem?
4. State a monetary policy option to fix the problem. How will your proposal fix the problem?
5. Given the power of the multiplier, how much must spending change to reach potential GDP?
Scott is an accountant who purchased a vacant block of land in
Brisbane on 1 October 1980. On 1 September 1986, Scott built a
house on the land. At the time, the land was valued at $90,000 and
the cost of construction was $60,000. The property has been rented
out since construction was completed. On 1 March of the current tax
year, Scott sold the property at auction for $800,000.
Requirement:
a) Based on the information above, determine Scott’s net
capital gain or net capital loss for the year ended
30 June of the current tax year.
b) How would your answer to (a) differ if Scott sold the
property to his daughter for $200,000?
c) How would your answer to (a) differ if the owner of the
property was a company instead of an individual?
Brisbane on 1 October 1980. On 1 September 1986, Scott built a
house on the land. At the time, the land was valued at $90,000 and
the cost of construction was $60,000. The property has been rented
out since construction was completed. On 1 March of the current tax
year, Scott sold the property at auction for $800,000.
Requirement:
a) Based on the information above, determine Scott’s net
capital gain or net capital loss for the year ended
30 June of the current tax year.
b) How would your answer to (a) differ if Scott sold the
property to his daughter for $200,000?
c) How would your answer to (a) differ if the owner of the
property was a company instead of an individual?
Hilary is a well-known mountain climber. The Daily Terror
newspaper offers her $10,000 for her life story, if she will write it.
Without the assistance of a ghost writer, she writes a story and
assigns all her right, title and interest in the copyright for $10,000
to the Daily Terror. The story is published and she is paid. She has
never written a story before. She also sells the manuscript to the
Mitchell Library for $5,000 and several photographs that she took
while mountain climbing for which she receives $2,000.
Requirement:
Discuss whether or not the three payments are income from
personal exertion. Would your answer differ if she wrote the
story for her own satisfaction and only decided to sell it later?
newspaper offers her $10,000 for her life story, if she will write it.
Without the assistance of a ghost writer, she writes a story and
assigns all her right, title and interest in the copyright for $10,000
to the Daily Terror. The story is published and she is paid. She has
never written a story before. She also sells the manuscript to the
Mitchell Library for $5,000 and several photographs that she took
while mountain climbing for which she receives $2,000.
Requirement:
Discuss whether or not the three payments are income from
personal exertion. Would your answer differ if she wrote the
story for her own satisfaction and only decided to sell it later?
3. Assume in an industry where there are no barriers to entry and firms are marking an economic loss the short run.
(A) what options are available to firms in the short run to minimise their losses?
(B) Using demand and supply analysis together with the cost curves, explain why the actions to minimise loss lead to firms making profit in the long run?
4. In a market structure where firms are mutually interdependent, price competiton is not common . Explain using the game theory matrix, with relevant assumptions, how firms make decisions when they collusive and non-collusively. In the absence of price competiton, how do firms maintain or increase their market share?
(A) what options are available to firms in the short run to minimise their losses?
(B) Using demand and supply analysis together with the cost curves, explain why the actions to minimise loss lead to firms making profit in the long run?
4. In a market structure where firms are mutually interdependent, price competiton is not common . Explain using the game theory matrix, with relevant assumptions, how firms make decisions when they collusive and non-collusively. In the absence of price competiton, how do firms maintain or increase their market share?
