Get college assignment help at uniessay writers Collective bargaining between Vital Company and Workers Union (WU) reaches an impasse. WU calls a strike against Vital to pressure it into making concessions. The unionized workers leave their jobs and refuse to work. The workers picket Vital’s plant, standing outside the facility with signs that complain of its management’s unfairness. Is this action legal? If so, do the workers have the right to be paid while they are striking? Can non-workers participate in the picketing? Can co-workers refuse to cross the picket line?
When the price of a produce is increased 10 percent, the quantity demanded decreases 15 percent. In this range of prices, demand for this product is:
The United States currently imports all of the tea that it consumes domestically. The annual demand for tea by U.S. consumers is given by the demand curve Q=250-10P, where Q is quantity (in millions of pounds) and P is the market price per pound of tea. World producers can harvest and ship tea to the U.S. distributors at a constant marginal (=average) cost of $8 per pound. U.S. distributors can in turn distribute tea to retail stores for a constant $2 per pound. The U.S. tea market is competitive. The Congress is considering imposing a tariff on tea imports of $2 per pound. If there is no tariff, how much do consumers pay for a pound of tea? What is the quantity demanded? If this tariff is imposed, how much will consumers pay for a pound of tea? What is the quantity demanded? Calculate the decline in consumer surplus. Calculate the tax revenue collected by the government. Does the tariff result in a net gain or a net loss to society as a whole?
In a private closed economy, the marginal propensity to save is 0.25, consumption equals income at $120 billion, and the level of investment is $40 billion. what is the equilibrium level of income
PArt 2 Question 1,3 and 4
MNE’s with multiple foreign operations, consider any two of those operations and the contribution they are making to the parent firm’s profits. What means do they use to hedge against exchange rate risk?
Risk premiums on corporate bonds are usually anti cyclical; that is, they decrease during business cycle expansions and increase during recessions. Why is this so?
2. Risk premiums on corporate bonds are usually anti cyclical; that is, they decrease during business cycle expansions and increase during recessions. Why is this so? 3. If yield curves, on average, were flat, what would this say about the liquidity premiums in the term structure? Would you be more or less willing to accept the pure expectations theory? 4. If the yield curve looks like the one shown in the graph below, what is the market predicting about the movement of future short-term interest rates? What might the yield curve indicate about the market’s predictions about the inflation rate in the future? ￼ 5. Predict what will happen to interest rates on a corporation’s bonds if the federal government guarantees today that it will pay creditors if the corporation goes bankrupt in the future. What will happen to the interest rates on Treasury securities? 6. If the income tax exemption on municipal bonds were abolished, what would happen to the interest rates on these bonds? What effect would it have on interest rates on U.S. Treasury securities? 7. Consider the decision to purchase either a 5-year corporate bond or a 5-year municipal bond. The corporate bond is a 12% annual coupon bond with a par value of $1,000. It is currently yielding 11.5%. The municipal bond has an 8.5% annual coupon and a par value of $1,000. It is currently yielding 7%. Which of the two bonds would be more beneficial to you? Assume that your marginal tax rate is 35%. 8. The one-year interest rate over the next 10 years will be 3%, 4.5%, 6%, 7.5%, 9%, 10.5%, 13%, 14.5%, 16%, 17.5%. Using the pure expectations theory, what will be the interest rates on a 3 year bond, 6 year bond, and 9 year bond? 9. One year T-bill rates over the next 4 years are expected to be 3%, 4%, 5%,
It was observed that collusion among oligopolists can be facilitated in part by information sharing. As a consequence, the sharing of price information among rival oligopolists can violate U.S. antitrust laws. You can see how the U.S. Supreme Court has interpreted antitrust law as it pertains to sharing information by reading a summary of the case of U.S. vs U.S. Gypsum Co. et al. (483 U.S. 422), which is available at: http://supreme.justia.com/us/438/422/case.html In what manner was price information shared, and why did the court find these actions to be an antitrust violation?
“the commercial banking industry in canada is less competitive than the commercial banking industry in the united states because in canada only a few large banks dominate the industry, while in the United States there are around 7500 commercial banks”
Get college assignment help at uniessay writers The production of electricity by burning coal creates air pollution. Suppose the Marginal Private Benefits = Marginal social Benefits = MSB = 50-q, where q is the quantity of electricity. Also, suppose that the Marginal Private Costs are given by: MPC=10 3q, where q is the quantity of electricity and the Marginal Social COsts are given by MSC=20 4q. A) Graph and label MSB, MPC, and MSC B) Find the market level of pollution? C)FInd the socially optimal level of pollution D) Compute the total benefits to society from pollution reduction to the socially optimal level of output E) Compute the net gain in social welfare resulting from internalizing the externality
Qd=500-5P and Qs=2P-60 graph the supply demand curve what are the equilibrium quantity and equilibrium price? How much consumer surplus exists in this market? If a $2.00 excise tax is levied on this good what will happen to equilibrium price and quantity? What will consumer surplus be after the tax?
Greater wealth makes __________ people willing to spend the national income, causing __________ the economy’s AD curve. a. more; movement down along b. more; a rightward shift of c. less; movement up along d. less; a rightward shift of
Illustrate the following with supply and demand curves: A. With increased access to wireless technology and lighter weight , the demand for laptop computers has increased substantially. Laptops have also become easier and cheaper to produce as new technology has come online. Despite the shift of demand prices have fallen.
1. Chapter 7: Exercise 11 in the book. Suppose that a firm’s production function is: . The cost of a unit of labor is $20 and the cost of a unit of capital is $80. a. The firm is currently producing 100 units of output, and has determined that the cost-minimizing quantities of labor and capital are 20 and 5 respectively. (You may use the graph given at the end of this question to help draw your graph to illustrate your answers. You may also, if you like, copy and paste that graph below. Expand the space as required) i). Graphically illustrate this situation on a graph using isoquants and isocost lines. ii). Explain or show why cost-minimizing quantities of labor and capital are 20 and 5 b. The firm now wants to increase output to 140 units. If capital is fixed in the short run, how much labor will the firm require? _______ units of labor i). Illustrate this point on your graph in part a. i). ii) What is the new cost? ________.
The Ace Sports Company manufacturer’s athletic shoes. The demand is elastic relative to price (Price elasticity of demand for the shoes has a 2.1 price elasticity coefficient). What would you expect to happen to the company’s total revenue if the shoe prices were increased? What if the company lowers the price?
What are the criticisms of the Lorenz curve?
Explain why the buffalo almost became extinct while cattle did not, even though both provide similar goods for people.
How can absolute poverty and relative poverty be eliminated? Does the elimination of one lead to the elimination of the other? Explain.
*4. Which kind of firm is more likely to practice gender, racial or other discrimination: a perfectly competitive firm, a monopoly or an oligopoly? Why?
Suppose government spending increases in a closed economy. Would the effect on aggregate demand be larger if the Bank of Canada took no action in response, or if the Bank were committed to maintaining a fixed interest rate?
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