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Kaplan MT445 unit 2-8 assignments

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Question;Kaplan MT445 unit 2-8 assignmentsKaplan;MT445 unit 2 assignment;Please;answer the following questions. Submit;as a Microsoft Word? document to the Dropbox when completed.;1. Explain;what would happen to equilibrium price and quantity in the market for Pepsi if;the following occurred (be sure to indicate WHY it happens as well);a. The;price of Coke decreases.;b. Average;household income falls from $50,000 to $43,000;c. There;are improvements in soft-drink bottling technology.;d. The;price of sugar increases and the Pepsi launches an extremely successful;advertising campaign.;2. Use;the following equations for demand and supply to solve for market equilibrium;price and quantity;Demand: Qd = 100 ?;4P;3. Using the diagram below, answer the following;questions;a. How;much is the per-unit tax on cigarettes?;b. What;price do consumers pay after the tax?;c. How;much tax revenue is collected?;d. What;is the amount of deadweight loss?;Unit 3 assignment;Unit 3 Assignment;Student;Name;Please;answer the following questions. Submit;as a Microsoft Word? document to the Dropbox when completed.;1.;Explain the relationship between the price;elasticity of demand and total revenue.;2.;Is the price elasticity of gasoline more;elastic over a shorter or a longer period of time? Explain.;3. Determine whether each of the;following is an explicit cost or an implicit cost;4.;Consider the following information in the table for Pat?s Pizza;Restaurant and answer the questions below.;Marginal;Product of Capital;4,000;Marginal;Produce of Labor;100;Wage;Rate;$10;Rental;Price of Pizza Ovens;$500;a. Is;the owner of Pat?s Pizza Restaurant minimizing cost?;b. Should;he rent more ovens and hire fewer workers or rent fewer ovens and hire more;workers? Explain.;Unit 3 Alternative;Seminar Assignment;Unit 4 Alternative;Seminar Assignment;Unit;4 Assignment;Student;Name;Please;answer the following questions. Submit;as a Microsoft Word? document to the Dropbox when completed.;1. How does;the demand curve faced by a perfectly competitive firm differ from the market demand curve in a perfectly;competitive market? Explain.;2. A;perfectly competitive firm has the following fixed and variable costs in the;short run. The market price for the firm?s product is $140.;Output FC VC TC TR Profit/Loss;a.;Complete the table.;b.;What;level of output should the firm produce to maximize profits?;3.;How does the demand curve faced by a monopoly;differ from the demand curve faced by a perfectly competitive firm? Explain.;4.;The following table provides market share;information about the soft-drink industry.;Company;Market;Share;Coca-Cola;37%;Pepsi-Co;35;Cadbury Schweppers;17;Other;11;Do you think the;Department of Justice and the Federal Trade Commission would approve a merger;between any two of the first three companies listed? Explain.;Unit;5 Assignment;1. Do the;firms in an oligopoly act independently or interdependently? Explain your;answer.;2. A monopolistically competitive firm has the;following demand and cost structure in the short run;Output Price FC VC TC TR Profit/Loss;a. Complete;the table.;b. What;level of output maximizes profit or minimizes loss?;c. Should;this firm operate or shut down in the short run? Why?;3.;Suppose that Wal-World and Tarbo are independently deciding whether to;implement a new bar code technology. It;is less costly for their suppliers to use one system and the following payoff;matrix shows the profits per year for each company resulting from the;interaction of their strategies.;a. Briefly;explain whether Wal-World has a dominant strategy.;b. Briefly;explain whether Tarbo has a dominant strategy.;c. Briefly;explain whether there is a Nash equilibrium in this game.;Unit;6 Assignment;Please;answer the following questions. Submit;as a Microsoft Word? document to the Dropbox when completed.;1. How can we;measure the opportunity cost of leisure?;Why is the supply curve for labor usually upward sloping?;2. In the;graph below, assume that the market demand curve for labor is initially D1. Answer the following questions.;a.;What are the equilibrium wage rate and;employment level?;b.;What area represents economic rent?;c.;Assume that the price of a substitute;resource decreases, other things constant. What happens to demand for labor?;What;are the new equilibrium wage rate and employment level?;What;happens to economic rent?;d.;Suppose instead that demand for the final;product increases, other things constant. Using labor demand curve D1;as your starting point, what happens to the demand for labor?;What;are the new equilibrium wage rate and employment level?;What happens to economic rent?;3.;Use the following data to answer the questions below. Assume a perfectly;competitive product market.;Units;of Labor Units of Output;0 0;1 8;2 12;3 17;4 21;5 23;a.;Calculate the marginal revenue product at;each level of labor input if output sells for $4 per unit.;b.;If the wage rate is $15 per hour, how much;labor will be hired?;c.;What is the firm?s total revenue and total;amount paid for labor at the level of labor input you determined in (b)?;Unit;7 Assignment;Student;Name;Please;answer the following questions. Submit;as a Microsoft Word? document to the Dropbox when completed.;1. Why does;inflation make nominal GDP a poor measure of the increase in total;production?;2. Which;component of GDP will be affected by each of the following transactions;involving FlyCheap Airlines? If you do;not believe any component will be affected, briefly explain why.;3. Use the table to answer the following;questions.;Year;Real GDP (Billions;of 2000 Dollars);1993;$7,113;1994;7,101;1995;7,337;1996;7,533;1997;7,836;i.;Calculate the growth rate of real GDP for each year from 1994 to 1997.;ii.;Calculate the average annual growth rate of real GDP for the period from 1994;to 1997.;iii. How does the average annual growth rate;you calculated in (ii) above compare to the average growth rate the U.S.;normally expects?;4. In an open;economy, trade is allowed between countries.;Assume a consumer purchases $1,000 worth of furniture manufactured in;China. Answer the following;a.;Which component(s) of GDP are impacted by;this purchase?;b.;Does GDP increase, decrease or stay the;same? Briefly explain why.;c.;Does your answer change if the company in;China is a U.S.-owned company? Why or;why not?;Unit;8 Assignment;Determine whether each of the following would cause a shift of the aggregate;demand curve, a shift;of the aggregate supply curve, neither, or both. Which curve shifts, and in;which direction? What;happens to aggregate output and the price level in each case?;a. The price level changes;i. Which curve shifts?;ii. Which direction does it shift?;iii. What happens to aggregate output?;iv. What happens to the price level?;b. Consumer confidence declines;i. Which curve shifts?;ii. Which direction does it shift?;iii. What happens to aggregate output?;iv. What happens to the price level?;c.;The supply of resources increases;i. Which curve shifts?;ii. Which direction does it shift?;iii. What happens to aggregate output?;[MT445 | Managerial Economics];iv. What happens to the price level?;d.;The wage rate increases;i. Which curve shifts?;ii. Which direction does it shift?;iii. What happens to aggregate output?;iv. What happens to the price level?;Determine whether the following statements are true or false.;i.;Some people who are officially unemployed are not in the labor force.;ii.;Some people in the labor force are not working.;iii.;Everyone who is not unemployed is in the labor force.;iv.;Some people who are not working are not unemployed.;[MT445 | Managerial Economics];Refer to the following data on the U.S. consumer price index and answer the;questions below.;Year;1988;1989;1990;1991;1992;a.;CPI;118.3;124.0;130.7;136.2;140.3;Year;1993;1994;1995;1996;1997;CPI;144.5;148.2;152.4;156.9;160.5;Year;1998;1999;2000;2001;2002;CPI;163.0;166.6;172.2;177.1;179.9;Year;2003;2004;2005;2006;CPI;184.0;188.9;195.3;201.8;Compute the inflation rate for each year 1989-2006.;b. Which years were years of inflation?;c. In which years did deflation occur?;d. In which years did disinflation occur?;e. Was there hyperinflation in any year?

 

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