Economics Answers

Suppose Natasha currently makes $50,000 per year working as a manager at a cable TV company. She then develops two possible entrepreneurial business opportunities. In one, she will quit her job to start an organic soap company. In the other, she will try to develop an Internet-based competitor to the local cable company. For the soap-making opportunity, she anticipates annual revenue of $465,000. She estimates the costs for the necessary land, labor, and capital to be $395,000 per year. For the Internet opportunity, she anticipates costs for land, labor, and capital of $3,250,000 per year and revenues of $3,275,000 per year. (a) Should she quit her current job to become an entrepreneur? (b) If she does quit her current job, which opportunity would she pursue

In considering the effect of menu costs on the economy, Mankiw argues that:

    United States v. Microsoft Corporation was a noted American legal case in which the U.S. government accused Microsoft of illegally maintaining its monopoly. Explain why the government often steps in to prevent the creation of large monopolies. Explain by using concepts such as market power and market structures. Use less than 800 words.

10. Describe how institutions, biology, technology, and preferences combine to determine the following:

a. Technically feasible set.

b. Contract curve.

c. Final outcome.

Q3.

Suppose the market for clean water was initially at equilibrium in Japan. However, the Japanese earthquake and resulting tsunami destroy stores of bottled water and bottled water plants as well as severely damage infrastructure that delivers clean water to Japanese households. How will the market of clean water in Japan respond to this change?

a) Planning is said to be more than just the formulation of quantitative economic targets. It is often described as a process. What is meant by the planning process, and what are some of its basic characteristics? In your discussion, be sure to explain and comment on some of the major arguments or rationales, both economic and noneconomic, for planning in developing economies. b) Economic growth is said to be a necessary but not sufficient condition to eradicate absolute poverty and reduce inequality. What is the reasoning behind this argument? c) Discuss the Solow neoclassical model of economic growth in details and show its importance to the study of economics of development.

‘The growth of transnational corporations has had a major impact on the economic and social geography of a number of countries around the world.’ Discuss this statement with reference to the More Economically Developed Countries (MEDCs), the Less Economically Developed Countries (LEDCs) and the Newly Industrialized Countries (NICs). In your answer you should include the following: • a definition of a transnational corporation (TNC), illustrated by an example; • an explanation of the reasons for the growth in the number of such companies; • a discussion of their economic and social impact in named countries; • an examination of the attitudes of individuals and groups to their expansion. 

What has been the impact of international financial organizations including programs of the IMF

and the World Bank Group on the growth and stability prospects of low- and middle-income

countries?

i wanna ask, what are the effect of an increase in human capital on the

equilibrium values of real wage and employment?

Describe how institutions, biology, technology, and preferences combine to

determine the following:

a.Technically feasible set.

b.Contract curve.

c.Final outcome.