Describe a product that you will only buy the name brand of (not the generic version). Explain why you only buy the name brand. Does the name brand cost more than the generic version? Why is it worth the extra money?
Summarize an article in the news on economics.
Consider the following conflict among tenant and landlord about a deposit: When the rental agreement starts, the tenant leaves a deposit x with landlord. On termination of the rental agreement, the landlord returns y. The returned amount y is either the full deposit or a fraction: y ∈ [0, x]. The tenant can accept or refuse the landlord’s offer of y. If the tenant refuses, then the tenant goes to court. In this case the tenant bears a non-refundable cost of c (litigation fees). The court settles the case, i.e. decides that the landlord must return the amount of y* to the tenant. y* is a fixed number. Both parties, the landlord and the tenant, know y*, i.e. both know how the court will settle the case.
a) Draw this situation (handwritten) as an extensive form game. In a first move the landlord decides about y. In a second move the tenant decides whether to accept y or whether to go to court. Since the court has no choice, there is no third move.
b) Find all Nash equilibria sand ubgame perfect equilibria of this game.
Select a company of your choice, and calculate the most current days of working capital (DWC) that are available. Review page 656 in the textbook, and watch the short video segment “Working Capital,” which is one of the required unit resources in this unit. In addition to your calculations, include the information below in your essay.
How does this company’s ratio compare to those of its competitors?
Why is comparing this ratio to the industry average important?
Explain how a well-managed supply chain can come into play here.
You may use the company’s webpage, or keep in mind that the CSU Online Library has several databases to choose from that are good starting points for your research:
Mergent Online,
Business Insights: Global,
Business Source Ultimate, and
ABI/INFORM Collection.
Your essay should be at least two pages in length. Use APA format to cite and reference all quoted and paraphrased material, including your textbook. Use a minimum of two sources, one of which may be the textbook. Include a title page, introduction, body, conclusion, and references page. An abstract is not required.
Unit I introduced the benefits of markets to improving outcomes for producers and consumers. Unit II examined the role of costs and prices in decision-making. For this assignment, you will answer a series of questions in the form of an essay. Support your answers with research from at least three peer-reviewed journal articles using the CSU Online Library (or other sources).
Your essay must be at least three pages in length (not counting the title and references pages) and include at least three peer-reviewed resources. Adhere to APA Style when writing your essay, including citations and references for sources used. Be sure to include an introduction. Please note that no abstract is needed.
If you need help identifying peer-reviewed publications, review the CSU Online Library resources Peer-Reviewed Resources and video How to Find Peer-Reviewed Resources (Transcript for Peer-Reviewed Resources video).
Refer to the Sample Paper with Proper APA Formatting first introduced in the Unit I Lesson for formatting purposes.
Introduction, Questions 6-11
Questions 6 through 11 ask you to consider the general impact of the war in Ukraine on the market for wheat. The April 30, 2022 issue of The Economist had an article titled “Can Brazil help with food shortages around the world?”. You do not have to read the story to understand the setup of these questions. Please, carefully read each question to understand when these
changes are introduced into the initial scenario. Here is what you should focus on to complete your analysis.
Question 6: (25 points) (Graph Upload)
Assume that prior to the outbreak of the war in Ukraine, the wheat market was in Long Run Equilibrium (LRE).
Using our side-by-side graph methodology (with market on the left and individual firm on the right), graphically depict the market equilibrium P0 and Q0, the optimal output of an individual firm representative of the other firms in the industry at this LRE (labeled as q0), and the individual firm’s profit π0, if any (shaded and clearly labeled).
Reminder: Be sure to label all relevant points and axes. Please upload a single MS Word, Adobe PDF, or graphics file (JPEG, TIFF, PNG, BMP only) that does not exceed 5MBs with a graph as an answer to this question.
Question 7: (10 points) (Short Essay)
Refer to your graph in Question 6. Provide a brief narrative explaining the conditions that must be satisfied, including the profitability of an individual firm, in a perfectly competitive industry’s LRE. Explain what the firm’s economic profit is in this state and how it is achieved.
Question 8: (30 points) (Graph Upload)
Now analyze the impact of the war in Ukraine on the market for wheat. The war has dramatically decreased wheat production in Ukraine, one of the major producers of wheat prior to the war. Assume the war significantly reduces the supply of wheat and that there are no changes to the demand for wheat.
On the same graph you produced in Question 6, graphically depict any changes affecting the market for wheat and any changes that impact the individual firm.
Show the movements of the curves (if any) and the new Short Run Equilibrium (SRE).
Indicate the new market equilibrium P1 and Q1, the optimal output of an individual firm representative of the other firms in the industry at this SRE (labeled as q1), and the individual firm’s profit π1, if any (shaded and clearly labeled).
Reminder: be sure to label all relevant points and axes. Please upload a single MS Word, Adobe PDF, or graphics file (JPEG, TIFF, PNG, BMP only) that does not exceed 5MBs with a graph as an answer to this question.
Question 9: (10 points) (Short Essay)
Please refer to your graph in Question 8. Provide a brief narrative explaining the movements
and the resulting change in an individual firm’s profit, if any. Please make sure you address the
changes in the market equilibrium quantity Q, market price P, and the individual firm’s profit-
maximizing quantity q, if any.
Question 10: (30 points) (Graph Upload)
Assume the wheat market continues to experience the short-run supply disruption that you modeled in Question 8. However, farmers in the U.S. have been making planning decisions in the past few weeks and many are diverting land to wheat production away from corn and soybeans. The Economist article indicated that Brazilian farmers will make similar plantingdecisions, switching from corn and soybeans to wheat when they make their new season plans in September. Analyze the impact of this switch on the market for wheat.
On the same graph you produced in Questions 6 and 8, graphically depict any changes affecting the market for wheat caused by the decision of many U.S. farmers to grow more wheat. Assume that after these North and South American farmers ramp up their wheat production, the market will move to a new Long Run Equilibrium (LRE).
Indicate the new market equilibrium P2 and Q2, the optimal output of an individual firm representative of the other firms in the industry at this LRE (labeled as q2), and the individual firm’s profit π2, if any (shaded and clearly labeled).
Reminder: be sure to label all relevant points and axes. Upload a single MS Word, Adobe PDF, or graphics file (JPEG, TIFF, PNG, BMP only) that does not exceed 5MBs with a graph as an answer to this question.
Question 11: (10 points) (Short Essay)
Refer to your graph in Question 10. Provide a brief narrative explaining the movements and the resulting change in an individual firm’s profit, if any. Please make sure you address the changes in the market equilibrium quantity Q, market price P, and the individual firm’s profit maximizing quantity q, if any.
Due in submission folder Sunday May 14 11:59pm 2023. (The one and only set of multiple-choice questions will be due then as well.)
Type right into this document and submit it to d2l.
Congress passed three large Covid fiscal spending bills in 2020 and 2021 these have changed our expectations of the size and scope of fiscal policy. For good and bad the effects of those spending bills are very much visible in the economy today as it reaches the debt limit end game.
What seem to be the successes, failures and consequently the main policy lessons of the US COVID fiscal policy response, giving particular attention to its innovative features? How is federal fiscal policy affecting the outlook for the US economy over our forecast period?
Q1 – Complete the following statement
Q2 – Compare and contrast savings and disposable personal income:
Q3 – Nominal GDP does not account for the change in prices of goods and services. Will the output be affected? Explain:
Q4 – Correct the following statement:
Challenge:
GDP is the total dollar value of all final products in a country’s border in a given year. There are many factors that affect the changes in GDP, such as environmental and political factors. Demand and supply also affect GDP, but in what way does demand and supply affect GDP? Explain:
1.) What was Fisher’s Quantity Theory of Money Equation? Identify and explain each variable. Explain the relationship Fischer said existed between inflation and interest rates.
2.) Keynes’ theory was not a radical break from Classical Economics like Marx but it still represented a significant deviation in many areas; economically, politically and even in the philosophy of the balance of power between the state and the individual. Explain in detail 3 specific ways that Keynes broke with Classical Economics.
3.) In the opening line of “The Pure Theory of Public Expenditure”, Samuelson makes an interesting statement that few economists have actually done much work in the area of public expenditures up to that point but had focused on taxation. This article reflects a clear change in thinking about the government’s role in the economy. Explain the shift this article represents with its focus on government expenditures and the notion that there is an optimal level of government expenditure.
4.) The Keynesian School argues for policy makers to have discretion and be able to respond to changes in the economic situation, primarily through the fiscal policy of changing government expenditure levels and tax rates. Friedman had a different view. Explain Friedman’s Monetarist approach and how it differed from Keynes/Samuelson.
The Wall Street Journal published an article by Bruce P. Brooks and M. Todd Henderson entitled “The FDIC Should Act Like A Real Insurer” (March 29, 2023) that discussed the issue of moral hazard in the recent collapse of the Silicon Valley Bank (SVB).
In your own words, use precise economic terminology to discuss the concept of moral hazard and how it is addressed in this article.
Our team has experienced writers that follow all the codes used in professionalism when writing academic essays. We focus our services on satisfied clients. Through critical attention to detail, our writers abide by all the instructions given by clients. Additionally, the paper format is done according to the dictates of the client in respect to the set academic style. We are proud of completing outstanding top-quality papers.